Uncertainty over the outlook due to the consumption tax rate increase
First written in FY2020-Q1. 2 of 4 entries say "Materialised", first in FY2020-Q3. Latest entry: FY2020.
Toho 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.
26 other companies' latest entry also says "Materialised".
- FY2020MaterialisedAnnual report
「During the consolidated fiscal year (from 1 February 2019 to 31 January 2020), the Japanese economy remained on a gradual recovery track due to improvements in employment and income conditions. However, uncertainty in the global economy increased amid developments surrounding trade issues. In addition, uncertainty continued regarding consumer sentiment following the consumption tax rate increase in October and the decline in inbound demand caused by deteriorating Japan-South Korea relations.」
The planned consumption tax rate increase was implemented in October, and subsequent consumer sentiment was identified as an uncertain factor. - FY2020-Q3MaterialisedAnnual report
「During the cumulative third quarter (from 1 February 2019 to 31 October 2019), the Japanese economy remained on a gradual recovery track due to improvements in employment and income conditions. However, uncertainty in the global economy increased due to the prolonged US-China trade friction. In addition, the decline in inbound demand caused by deteriorating Japan-South Korea relations and future consumer sentiment following the consumption tax rate increase in October contributed to greater uncertainty about the outlook.」
The planned consumption tax rate increase was implemented in October, and subsequent consumer sentiment was identified as an uncertain factor. - FY2020-Q2RestatedAnnual report
「The global economy is becoming more uncertain due to the prolonged US-China trade friction and other factors. In addition, uncertainty over the outlook is increasing due to the decline in inbound demand resulting from deteriorating Japan-South Korea relations and the consumption tax rate increase scheduled for October.」
The consumption tax rate increase scheduled for October continued to be cited as a factor increasing uncertainty over the outlook. - FY2020-Q1First statedAnnual report
「In addition, uncertainty over the outlook is increasing due to the planned consumption tax rate increase in October, among other factors.」
The consumption tax rate increase scheduled for October was independently identified for the first time as a factor increasing uncertainty over the outlook.