Impact of the Consumption Tax Rate Increase on Personal Consumption
First written in FY2019. 1 of 3 entries say "Restated". Latest entry: FY2020-Q3.
Kisoji moved to the "Worse" side of this theme in 2020.
0 other companies' latest entry also says "Materialised".
- FY2020-Q3MaterialisedAnnual report
「The food-service industry remains in a challenging situation. Amid continued increases in labor, raw-material and logistics costs, competition across industries and business formats is intensifying due to diversifying consumer needs, persistent consumer frugality and the consumption tax increase, which resulted in a 10% tax rate for dining out versus the reduced 8% rate for prepared meals.」
The 10% tax rate for eating out and 8% rate for prepared meals after the consumption tax increase were described as part of the actual competitive environment, making concerns about the impact on personal consumption and competition between business formats more specific. - FY2020-Q1RestatedAnnual report
「The outlook has become increasingly uncertain due to the psychological impact of the consumption tax rate increase, entrenched frugal consumer attitudes, and uncertainty surrounding overseas political and economic conditions, including U.S.-China trade friction.」
Concern about the psychological impact of the consumption tax rate increase on personal consumption continued to be described in the first quarter of the current fiscal year. - FY2019First statedAnnual report
「The uncertain economic environment is expected to continue, including the impact on personal consumption of the consumption tax rate increase scheduled for October.」
The impact of the consumption tax rate increase scheduled for October on personal consumption was described as a new risk factor for the next fiscal year.