Deteriorating Consumer Purchasing Sentiment and Challenging Industry Conditions
First written in FY2016-Q3. 19 of 35 entries say "Restated". Latest entry: 2026-10-02.
Yamato International 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 2020: 53 of 68 companies on the "Worse" side.
19 other companies' latest entry also says "Worsened".
- FY2026-H1RestatedAnnual report
「In the apparel and fashion industry, some recovery in personal consumption was observed, supported by improving income conditions and expanding inbound demand. At the same time, concerns remain about changes in consumers' motivation and opportunities to purchase apparel generally due to climate change, including increasingly persistent extreme heat and late-summer heat, as well as rising cost-consciousness caused by higher prices for rice, gasoline, and other items.」
Notes the recovery in personal consumption and expanding inbound demand, while continuing to express concern about cost-consciousness caused by rising prices and changes in purchasing motivation and opportunities resulting from climate change, including extreme heat and prolonged late-summer heat. - FY2025WorsenedAnnual report
「In the apparel and fashion industry, some recovery in personal consumption was observed, supported by improving income conditions and expanding inbound demand. At the same time, concerns remain about changes in consumers' motivation and opportunities to purchase apparel generally due to climate change, including extreme heat far exceeding expectations and prolonged late-summer heat, as well as a further increase in customers' cost-consciousness caused by rising prices, particularly for rice and gasoline.」
Notes the recovery in personal consumption, while detailing as concerns cost-consciousness caused by rising prices for rice, gasoline, and other items, extreme heat exceeding expectations, prolonged late-summer heat, and changes in purchasing motivation and opportunities. - FY2025-H1WorsenedAnnual report
「In the apparel and fashion industry, some recovery in personal consumption has been observed due to improving income conditions and expanding inbound demand, but concerns remain about the impact on the business environment of climate change far exceeding expectations, including prolonged extreme heat, and a further increase in customers' cost-consciousness caused by continued price increases.」
Notes the recovery trend in personal consumption, while identifying as concerns climate change exceeding expectations, including prolonged extreme heat, and a further increase in cost-consciousness caused by rising prices. - FY2024WorsenedAnnual report
「Meanwhile, concerns persist about sluggish consumer sentiment caused by climate change, the backlash from the post-COVID revenge-spending boom, and the sharp rise in prices, and the outlook remains uncertain.」
Indicates a recovery trend driven by increased opportunities to go out and inbound demand, while specifying sluggish consumer sentiment caused by climate change, the backlash from revenge spending, and the sharp rise in prices. - FY2024-Q3WorsenedAnnual report
「In the apparel and fashion industry, conditions followed a gradual recovery trend due to increased opportunities for customers to go out and a recovery in inbound demand, but the impact of the sharp rise in prices and climate change on personal consumption is a concern, and the surrounding environment is changing significantly, including through rising wages and interest rates.」
Specifies rising interest rates in addition to the previously cited rising prices, climate change, and their impact on personal consumption. It also notes the recovery trend driven by increased opportunities to go out and inbound demand. - FY2024-Q2RestatedAnnual report
「In the apparel and fashion industry, conditions followed a gradual recovery trend due to increased opportunities for customers to go out and a recovery in inbound demand, but the impact of the sharp rise in prices and climate change on personal consumption is a concern, and the surrounding environment is changing significantly, including through rising wages.」
Indicates a recovery trend resulting from increased opportunities to go out and a recovery in inbound demand, while continuing to express concern about the impact of rising prices and climate change on personal consumption and changes in the operating environment, including rising wages. - FY2024-Q1WorsenedAnnual report
「Meanwhile, in the apparel and fashion industry, conditions followed a recovery trend due to increased opportunities for customers to go out and a recovery in inbound demand, but the impact of the sharp rise in prices and climate change on personal consumption remains a concern.」
Describes the recovery trend resulting from increased opportunities to go out and a recovery in inbound demand, while newly expressing concern about the impact of climate change, in addition to the sharp rise in prices, on personal consumption. - FY2023-Q3RestatedAnnual report
「Meanwhile, in the apparel and fashion industry, conditions followed a recovery trend due to increased opportunities for customers to go out and a recovery in inbound demand, but the impact of the sharp rise in prices on personal consumption remains a concern.」
Describes the recovery trend resulting from increased opportunities to go out and a recovery in inbound demand, while continuing to express concern about the impact of the sharp rise in prices on personal consumption. - FY2023-Q2RestatedAnnual report
「Meanwhile, in the apparel and fashion industry, conditions followed a recovery trend due to increased opportunities for customers to go out and a recovery in inbound demand, but the impact of the sharp rise in prices on personal consumption remains a concern.」
Describes the recovery trend resulting from increased opportunities to go out and a recovery in inbound demand, while continuing to express concern about the impact of the sharp rise in prices on personal consumption. - FY2023-Q1RestatedAnnual report
「Meanwhile, in the apparel and fashion industry, signs of brighter conditions, including increased demand resulting from travel support measures and the easing of border controls, have begun to emerge, but the impact of the sharp rise in prices on personal consumption remains a concern.」
Indicates signs of increased demand resulting from travel support measures and the easing of border controls, while continuing to express concern about the impact of the sharp rise in prices on personal consumption. - FY2022RestatedAnnual report
「Meanwhile, in the apparel and fashion industry, the deterioration in employment and income conditions caused by the COVID-19 pandemic and the sharp rise in prices are expected to delay the return of personal consumption to pre-COVID levels, although signs of recovery have begun to emerge as various restrictions are eased.」
Describes the deterioration in employment and income conditions, the sharp rise in prices, and the delayed recovery in personal consumption, while also indicating signs of recovery from the easing of restrictions. - FY2022-Q3WorsenedAnnual report
「Meanwhile, in the apparel and fashion industry, the deterioration in employment and income conditions caused by the COVID-19 pandemic and the sharp rise in prices are expected to delay the return of personal consumption to pre-pandemic levels, although signs of recovery have begun to emerge as various restrictions are eased.」
Specifies the deterioration in employment and income conditions caused by the pandemic, the sharp rise in prices, and the delayed recovery in personal consumption, while also noting signs of recovery resulting from the easing of various restrictions. - FY2022-Q2RestatedAnnual report
「Meanwhile, in the apparel and fashion industry, the deterioration in employment and income conditions caused by the COVID-19 pandemic is expected to mean that the recovery in personal consumption will take some time, and challenging conditions continue.」
Reconfirms that the deterioration in employment and income conditions caused by the pandemic and the delayed recovery in personal consumption will sustain the challenging industry environment. - FY2022-Q1WorsenedAnnual report
「Meanwhile, in the apparel and fashion industry, the deterioration in employment and income conditions caused by the COVID-19 pandemic is expected to delay the recovery in personal consumption, and challenging conditions continue.」
Specifies the deterioration in employment and income conditions caused by the pandemic and the prolonged recovery in personal consumption, stating that the challenging industry environment continues. - FY2021WorsenedAnnual report
「Meanwhile, in the apparel and fashion industry, the impact of people refraining from going out and temporary closures of commercial facilities following repeated declarations of a state of emergency has been prolonged, in addition to persistent thrift caused by the consumption tax increase, and extremely challenging conditions continue.」
Continues to describe the industry environment as 'extremely challenging' as the effects of repeated declarations of a state of emergency, people refraining from going out, and temporary closures of commercial facilities have been prolonged, in addition to the longstanding thrift trend. - FY2021-Q3WorsenedAnnual report
「Meanwhile, in the apparel and fashion industry, the impact of people refraining from going out and temporary closures of commercial facilities following the third declaration of a state of emergency has been prolonged, in addition to persistent thrift caused by the consumption tax increase, and extremely challenging conditions continue.」
Specifies the prolonged effects of the third declaration of a state of emergency, people refraining from going out, and temporary closures of commercial facilities, in addition to the longstanding thrift trend and the impact of COVID-19. - FY2021-Q2WorsenedAnnual report
「Meanwhile, in the apparel and fashion industry, the impact of people refraining from going out and the resulting decline in visitor traffic at commercial facilities has been prolonged due to the second declaration of a state of emergency issued in response to the resurgence of COVID-19, in addition to persistent thrift caused by the consumption tax increase, and challenging conditions continue.」
Details the challenging industry environment resulting from the prolonged resurgence of COVID-19, the second declaration of a state of emergency, people refraining from going out, and declining visitor traffic at commercial facilities. - FY2021-Q1RestatedAnnual report
「Meanwhile, in the apparel and fashion industry, the impact of people's refraining from going out and the resulting decline in visitor traffic at commercial facilities, in addition to persistent thrift caused by the consumption tax increase and the spread of COVID-19, was substantial, and extremely challenging conditions continued.」
Continues to describe the challenging industry environment due to the consumption tax increase, consumer thrift, people refraining from going out, and declining visitor traffic at commercial facilities. - FY2020WorsenedAnnual report
「In the apparel and fashion industry, the impact of temporary closures of commercial facilities and people's refraining from going out to prevent the spread of COVID-19, in addition to persistent thrift caused by the consumption tax increase, was substantial, and extremely challenging conditions continued.」
Specifies the consumption tax increase, consumer thrift, temporary closures of commercial facilities, and people refraining from going out, describing the industry environment as 'extremely challenging.' - FY2020-Q3WorsenedAnnual report
「Meanwhile, in the apparel and fashion industry, the impact of temporary closures of commercial facilities and people's refraining from going out, in addition to persistent thrift caused by the consumption tax increase, was substantial, and conditions remained broadly challenging.」
Specifies the impact of temporary closures of commercial facilities and people refraining from going out, in addition to the longstanding effects of the consumption tax increase and consumer thrift, thereby detailing the challenging industry environment. - FY2020-Q2WorsenedAnnual report
「Meanwhile, in the apparel and fashion industry, concerns include the effects of weather-related disasters and a record warm winter, the cooling of consumer sentiment caused by the consumption tax increase, and the impact of the COVID-19 pandemic, leaving the outlook uncertain.」
Cites weather-related disasters, a record warm winter, the consumption tax increase, and the impact of the COVID-19 pandemic, in addition to the longstanding thrift trend and weak consumer sentiment, thereby detailing the challenging industry environment. - FY2020-Q1WorsenedAnnual report
「Meanwhile, in the apparel and fashion industry, consumer sentiment has remained lackluster due to the impact of natural disasters such as typhoons and torrential rain, the near absence of front-loaded demand before the consumption tax rate increase, and consumers' persistent thrift following the tax increase.」
Specifies, in addition to the longstanding thrift trend, natural disasters such as typhoons and torrential rain, weak front-loaded demand before the consumption tax rate increase, and thrift following the tax increase, thereby detailing the challenging consumer environment. - FY2019-Q2RestatedAnnual report
「Meanwhile, consumer thrift remains deeply entrenched and personal consumption remains lackluster.」
Continues to recognize weak personal consumption due to persistent consumer thrift and a challenging industry environment. - FY2019-Q1RestatedAnnual report
「Meanwhile, although real wages have shown gradual improvement, consumer thrift remains deeply entrenched and personal consumption remains lackluster.」
Continues to recognize that, while real wages have improved, personal consumption lacks strength due to persistent consumer thrift. - FY2018-Q3RestatedAnnual report
「Meanwhile, although real wages have shown gradual improvement, consumer thrift remains deeply entrenched due to sluggish growth in disposable income and other factors, and personal consumption remains lackluster.」
Continues to state that personal consumption remains weak due to sluggish growth in disposable income and persistent consumer thrift. - FY2018-Q2RestatedAnnual report
「Although real wages have improved gradually, consumers' preference for saving remains strong due to sluggish growth in disposable income, leaving personal consumption lacking momentum.」
Continues to state that personal consumption remains weak due to sluggish growth in disposable income and persistent consumer thrift. - FY2018-Q1RestatedAnnual report
「Although real wages have improved gradually, personal consumption remains weak because consumers' preference for saving remains strong due to sluggish growth in disposable income.」
Weak personal consumption due to sluggish growth in disposable income and a persistent preference for saving continues to be recognized as a risk. - FY2017RestatedAnnual report
「However, signs of future risks, including rising geopolitical risks and developments in US monetary policy, are emerging. Although real wages have improved gradually, personal consumption remains weak and consumers continue to favor saving due to sluggish growth in disposable income, leaving conditions difficult.」
Difficult conditions for personal consumption and the industry continue to be recognized against the backdrop of sluggish growth in disposable income and consumers' strong preference for saving. - FY2017-Q3RestatedAnnual report
「The industry has also been significantly affected by these conditions, which have weighed on consumers' willingness to spend, and remains in a difficult situation.」
The impact of the external environment on consumer sentiment and difficult industry conditions are reiterated. - FY2017-Q2RestatedAnnual report
「The industry has also been significantly affected by these conditions, which have weighed on consumers' willingness to spend, and remains in a difficult situation.」
The impact of the external environment on consumer sentiment and difficult industry conditions are reiterated. - FY2017-Q1RestatedAnnual report
「The industry has also been significantly affected by these conditions, which have weighed on consumers' willingness to spend, and remains in a difficult situation.」
It continues to identify the impact of sluggish personal consumption and the external environment on consumer sentiment as contributing to difficult industry conditions. - FY2016RestatedAnnual report
「The industry has also been significantly affected by these conditions, which have weighed on consumers' willingness to spend, and market conditions remain difficult to predict.」
Weak consumer sentiment and uncertainty in the apparel market continue to be identified as risks. - FY2016-Q3First statedAnnual report
「The industry has also been significantly affected by these conditions, which have weighed on consumers' willingness to spend, and remains in a difficult situation.」
It describes the impact of the macroeconomic environment on consumer sentiment and the industry as a risk.