Structural Changes in the Operating Environment Driven by the Maturation of the Fashion Market, Population Decline and Other Factors
First written in FY2018. 7 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 1 of 6 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The operating environment surrounding the Company is changing as consumers' lifestyles and values have evolved following the COVID-19 pandemic, attention to engagement between companies and people has increased, and the use of digital technologies has advanced. In addition, Japan's declining birth rate and ageing population are progressing, while consumption by visitors to Japan is becoming more diverse.」
Changes in lifestyles and values, digitalisation, the declining birth rate and ageing population, and the diversification of consumption by visitors to Japan are described as structural changes in the operating environment. - FY2022RestatedAnnual report
「Japan's fashion market is reaching maturity, and consumer selectivity is becoming increasingly stringent amid global corporate competition. In addition, amid structural changes in the population composition resulting from population decline and the declining birth rate and ageing population, selective consumption, in which consumers choose distribution channels according to their lifestyles, and the diversification of consumer preferences are progressing.」
Market maturity, population decline, the declining birth rate and ageing population, selective consumption and diversified preferences are reaffirmed as structural changes in the operating environment. - FY2021RestatedAnnual report
「Japan's fashion market is reaching maturity, and consumer selectivity is becoming increasingly stringent amid global corporate competition. In addition, amid structural changes in the population composition resulting from population decline and the declining birth rate and ageing population, selective consumption, in which consumers choose distribution channels according to their lifestyles, and the diversification of consumer preferences are progressing.」
Market maturity, population decline, the declining birth rate and ageing population, selective consumption and diversified preferences are reaffirmed as structural changes in the operating environment. - FY2020-Q1RestatedAnnual report
「In the apparel and fashion industry, sales channels are diversifying and the shift to e-commerce is progressing alongside changes in consumers' purchasing attitudes, while consumers' preference for saving on clothing remains strong and the operating environment generally remained challenging.」
The diversification of sales channels, the shift to e-commerce, consumers' preference for saving on clothing and the challenging operating environment are described as continuing. - FY2019RestatedAnnual report
「Japan’s fashion market is maturing, and consumer selection is becoming increasingly stringent amid global corporate competition. At the same time, structural demographic changes caused by population decline and the declining birthrate and aging population are driving selective consumption, in which consumers choose distribution channels according to their lifestyles, as well as increasingly diverse consumer preferences.」
Market maturity, population decline, the declining birth rate and ageing population, selective consumption and diversified preferences are reaffirmed as structural changes in the operating environment. - FY2019-Q3RestatedAnnual report
「In the apparel and fashion industry, sales channels are diversifying and the shift to e-commerce is progressing alongside changes in consumers' purchasing attitudes, while consumers' preference for saving on clothing remains strong and the competitive environment generally remained challenging.」
The diversification of sales channels, the shift to e-commerce, consumers' preference for saving on clothing and the challenging competitive environment are described as continuing. - FY2019-Q2RestatedAnnual report
「As sales channels diversify and the shift to e-commerce progresses alongside changes in consumers' purchasing attitudes, consumers' preference for saving on clothing remains strong,」
The diversification of sales channels, the shift to e-commerce and consumers' preference for saving on clothing continue to be described as market conditions. - FY2018First statedAnnual report
「Japan’s fashion market is maturing, and consumer selection is becoming increasingly stringent amid global corporate competition. At the same time, structural demographic changes caused by population decline and the declining birthrate and aging population are driving selective consumption, in which consumers choose distribution channels according to their lifestyles, as well as increasingly diverse consumer preferences.」
Market maturity, population decline, the declining birth rate and ageing population, selective consumption and diversified preferences are described as structural changes in the operating environment underlying the business challenges.