Demand Decline After the Consumption Tax Increase
First written in FY2020-Q2. 1 of 2 entries say "Materialised", first in FY2020-Q2. Latest entry: FY2021-Q1.
King Jim moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 4 of 7 companies on the "Worse" side.
25 other companies' latest entry also says "Restated".
- FY2021-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company stated that there had been no material changes to the risks associated with its existing businesses and other operations, including the decline in demand following the consumption tax increase. - FY2020-Q2MaterialisedAnnual report
「At ぼん家具, we worked to expand sales on e-commerce platforms such as Rakuten Ichiba, using price adjustments and advertising measures effectively, particularly for our core furniture products, to curb the decline in demand following the consumption tax increase as much as possible.」
The company explicitly cited the decline in demand following the consumption tax increase and sought to mitigate it through price adjustments and advertising measures. The interior and lifestyle business as a whole also reported a 16.6% year-on-year decline in revenue.