Risk of Lower Willingness to Spend Due to Tax Reform
First written in FY2018. 14 of 16 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2020: 3 of 7 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
States that there have been no material changes to the existing risks, including those related to tax reforms. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
Continues to treat the risk of lower purchasing propensity due to tax reforms as involving no material changes. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
Continues to treat the risk of lower purchasing propensity due to tax reforms as involving no material changes. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
Continues to treat the risk of lower purchasing propensity due to tax reforms as involving no material changes. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
Continues to treat the risk of lower purchasing propensity due to tax reforms as involving no material changes. - FY2023-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
Continues to treat the risk of lower purchasing propensity due to tax reforms as involving no material changes. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
Continues to treat the risk of lower purchasing propensity due to tax reforms as involving no material changes. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
Continues to treat the risk of lower purchasing propensity due to tax reforms as involving no material changes. - FY2022-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
Continues to treat the risk of lower purchasing propensity due to tax reforms as involving no material changes. - FY2021-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes to the risk of lower purchasing propensity due to tax reforms. - FY2021-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
States that there have been no material changes to the risk of lower purchasing propensity due to tax reforms. - FY2020-Q3MaterialisedAnnual report
「Following the consumption tax increase in October 2019, the economy has remained in a situation in which downside risks are a concern, including a decline following the surge in demand before the tax increase and weakening corporate earnings.」
The company indicated that the consumption tax increase had been implemented and that demand had declined following the pre-increase surge, while corporate earnings had weakened. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there have been no material changes to the risk of lower purchasing propensity due to tax reforms. - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the risk of lower purchasing propensity due to tax reforms. - FY2019-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no material changes to the risk of lower purchasing propensity due to tax reforms. - FY2018First statedAnnual report
「If changes to the consumption tax or other taxes dampen consumer sentiment and reduce purchasing propensity, they may affect the performance and financial condition of our group.」
For the first time, explicitly describes the risk that changes to the consumption tax and other taxes may affect performance and financial condition through consumer sentiment and purchasing propensity.