System Revisions to Consumption Tax, Social Insurance Premiums and Other Matters
First written in FY2017. 2 of 4 entries say "Restated". Latest entry: FY2020.
0 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「In the apparel and fashion industry, e-commerce grew, but consumers remained strongly inclined to economize, partly due to the consumption tax increase from October, and the business environment remained difficult.」
The company continues to explain that the consumption tax increase contributed to consumer thrift and a challenging operating environment. - FY2020-Q3MaterialisedAnnual report
「Consumer thrift remained firmly entrenched, partly due to the consumption tax increase from October, and the operating environment remained challenging.」
The company explains that consumer thrift arising from the consumption tax system revision materialized in the actual operating environment during the cumulative third quarter. - FY2018RestatedAnnual report
「A future increase in consumption tax is expected to affect the economy, including through a decline in consumption. In addition, because we employ a large number of part-time workers, revisions to social insurance premiums and other charges are expected to increase labor costs, which could affect our business performance.」
The company continues to face the risks of declining consumption due to a consumption tax increase and higher labor costs due to revisions to social insurance premiums. - FY2017First statedAnnual report
「A future increase in consumption tax is expected to affect the economy, including through a decline in consumption. In addition, because we employ a large number of part-time workers, revisions to social insurance premiums and other charges are expected to increase labor costs, which could affect our business performance.」
The company identifies declining consumption due to a consumption tax increase and higher labor costs due to revisions to social insurance premiums as risks.