Impact of private consumption, regional economies, demographics and weather patterns
First written in FY2016. 23 of 28 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 53 of 68 companies on the "Worse" side.
29 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The environment surrounding the Company is becoming increasingly challenging due to changes in population demographics and intensifying competition among companies across retail formats.」
Changes in population demographics, personal consumption, regional economies and competition across different business formats continue to be described as business environment risks. - FY2025-H1RestatedAnnual report
「However, sharp fluctuations in foreign exchange markets and rising prices resulting from soaring raw material and energy costs continue, and the economic outlook therefore remains uncertain.」
Uncertainty in the economic environment resulting from foreign exchange fluctuations, soaring raw material and energy costs, and rising prices continues to be described. - FY2025-Q1RestatedAnnual report
「Meanwhile, uncertainty about the outlook remains as instability surrounding Ukraine and the Middle East persists, foreign exchange markets fluctuate, and prices continue to rise as a result of raw material and energy costs.」
Geopolitical instability, foreign exchange fluctuations and rising prices driven by raw material and energy costs are described as continuing features of the business environment. - FY2024-Q3RestatedAnnual report
「Meanwhile, rising prices caused by soaring energy and raw material prices are affecting households and corporate activity, and uncertainty about the economic outlook continues.」
The impact on households and corporate activity from soaring energy and raw material prices and rising prices continues to be described as an existing economic environment risk. - FY2024-Q2RestatedAnnual report
「Meanwhile, rising prices caused by soaring energy and raw material prices are affecting households and corporate activity, and uncertainty about the economic outlook continues.」
The impact on personal consumption and corporate activity from soaring energy and raw material prices and rising prices continues to be described as an existing economic environment risk. - FY2024-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The filing states that there have been no new developments or material changes to existing risks relating to personal consumption, regional economies, population demographics, employment and weather fluctuations. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The filing states that there have been no new developments or material changes to existing risks relating to personal consumption, regional economies, population demographics and weather fluctuations. - FY2023-Q1WorsenedAnnual report
「While the spread of COVID-19 has been contained and consumption activity has gradually moved toward normalization, uncertainty about the economic outlook persists due to factors including fluctuations in foreign exchange markets caused by the sharp depreciation of the yen and soaring resource prices resulting from the situation in Russia and Ukraine.」
In addition to the previously identified factors relating to infectious diseases and the consumption environment, the filing explicitly identifies economic uncertainty resulting from the sharp depreciation of the yen, the situation in Russia and Ukraine, and soaring resource prices. - FY2022WorsenedAnnual report
「The continued spread of COVID-19 and soaring raw material prices are expected to have a significant impact on the global economy. In Japan, disposable personal income has not increased, and concerns about the future have further strengthened consumers' preference for frugality. In the environment surrounding the Group, the market is shrinking as a result of the declining birthrate and aging population, while competition among companies across retail formats is becoming increasingly severe.」
In addition to the previously identified factors of consumption, population demographics and the competitive environment, the filing explicitly identifies renewed spread of infectious diseases, soaring raw material prices, stagnant disposable income, a preference for frugality and market contraction. - FY2022-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The filing states that there have been no new developments or material changes to existing risks relating to personal consumption, regional economies, population demographics, employment and weather fluctuations. - FY2022-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The filing states that there have been no new developments or material changes to existing risks relating to personal consumption, regional economies, population demographics, employment and weather fluctuations. - FY2022-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The filing states that there have been no new developments or material changes to existing risks relating to personal consumption, regional economies, population demographics, employment and weather fluctuations. - FY2021-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The filing states that there have been no new developments or material changes to existing risks relating to personal consumption, regional economies, population demographics, employment and weather fluctuations. - FY2021-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The filing states that there have been no new developments or material changes to existing risks relating to personal consumption, regional economies, population demographics, employment and weather fluctuations. - FY2021-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The filing states that there have been no new developments or material changes to existing risks relating to personal consumption, regional economies, population demographics, employment and weather fluctuations. - FY2020WorsenedAnnual report
「Climate change and infectious disease outbreaks have had a significant impact on the global economy. In Japan, uncertainty about the outlook for consumption has spread, with higher tax burdens and growing concerns about the future strengthening consumers' preference for frugality, while competition within the retail industry has intensified further across different business formats, due to factors including increasingly diverse consumption patterns and labor shortages resulting from the declining birthrate and aging population.」
In addition to the previously identified factors of personal consumption, regional economies, population demographics and weather fluctuations, the operating environment explicitly includes climate change, infectious disease outbreaks, higher tax burdens, a preference for frugality and labor shortages. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The filing states that there have been no new developments or material changes to existing risks relating to personal consumption, regional economies, population demographics, employment and weather fluctuations. - FY2020-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The filing states that there have been no new developments or material changes to existing risks relating to personal consumption, regional economies, population demographics, employment and weather fluctuations. - FY2020-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The filing states that there have been no new developments or material changes to risks relating to personal consumption, regional economies, population demographics, employment and weather fluctuations. - FY2019RestatedAnnual report
「In addition to economic conditions and employment trends in the areas where stores are opened and changes in population demographics, changes in weather, such as cool summers and warm winters, may affect the Group's operating results.」
The risk of an impact on operating results from personal consumption, regional economies, population demographics, employment and weather fluctuations continues to be described. - FY2019-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The filing states that there have been no new developments or material changes to existing risks relating to personal consumption, regional economies, population demographics and weather fluctuations. - FY2019-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The filing states that there have been no new developments or material changes to existing risks relating to personal consumption, regional economies, population demographics and weather fluctuations. - FY2019-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The filing states that there have been no new developments or material changes to existing risks relating to personal consumption, regional economies, population demographics and weather fluctuations. - FY2018RestatedAnnual report
「Revenue from sales of products to general consumers, which constitutes revenue for the Group, and rental income from tenants in shopping centers operated by the Group are affected by trends in personal consumption. In addition to economic conditions and employment trends in the areas where the Group opens stores and changes in population demographics, changes in weather, such as cool summers and warm winters, may affect the Group's operating results.」
The risk of an impact on operating results from personal consumption, regional economies, population demographics, employment and weather fluctuations is similarly described. - FY2018-Q3RestatedAnnual report
「During the cumulative consolidated third quarter, no new business or other risks arose. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The filing states that there have been no material changes to existing risks relating to personal consumption, regional economies, population demographics and weather fluctuations. - FY2017RestatedAnnual report
「In addition to structural factors such as the declining birthrate and aging population and widening regional and income disparities, customers' requirements regarding products and prices have recently risen beyond previous levels against a backdrop of increases in consumption tax and higher prices.」
Population demographics, regional and income disparities, increases in consumption tax, higher prices and rising customer expectations continue to be listed as business environment factors. - FY2017-Q4WorsenedAnnual report
「The Company's operating environment is affected by structural factors such as the declining birthrate and aging population and widening regional and income disparities. More recently, against a backdrop of increases in consumption tax and higher prices, customers' requirements regarding products and prices have risen beyond previous levels.」
In addition to population demographics, regional economies and personal consumption, the factors identified in the operating environment include the declining birthrate and aging population, widening regional and income disparities, increases in consumption tax, higher prices and rising customer expectations. The business and other risks section states that there have been no material changes. - FY2016First statedAnnual report
「Revenue from sales of products to general consumers, which constitutes the Company's revenue, and rental income from tenants in shopping centers operated by the Company are affected by trends in personal consumption. In addition to economic conditions and employment trends in the areas where the Company opens stores and changes in population demographics, changes in weather, such as cool summers and warm winters, may affect the Company's operating results.」
Consumer spending, regional factors and weather factors are identified as risks that may cause fluctuations in operating results.