Fluctuations in Business Performance Due to Economic Conditions, Consumer Spending Trends and Abnormal Weather
First written in FY2016. 13 of 38 entries say "Materialised", first in FY2017-Q2. Latest entry: 2026-10-07.
Aoyama Trading moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).
The whole theme swung hardest in 2025: 12 of 19 companies on the "Worse" side.
0 other companies' latest entry also says "Advanced".
- FY2026WorsenedAnnual report
「As the market shifted toward casualwear faster than expected, the decline in customer traffic has become a major management challenge.」
The market shifted toward casualwear faster than expected, making the decline in customer traffic a major management challenge. Record-high temperatures and their prolonged duration are also described as factors limiting the selling period for fall and winter merchandise. - FY2026-H1WorsenedAnnual report
「Uncertainty continues due to a downturn in the economy caused by the impact of US tariff policies and other factors, as well as weaker consumer sentiment and a decline in personal consumption resulting from continuing inflation.」
Regarding risks related to economic conditions and consumer trends, US tariff policy is explicitly identified as a new factor contributing to an economic downturn, in addition to continuing inflation. - FY2025WorsenedAnnual report
「On the other hand, concern remains over the risk of an economic downturn due to weaker consumer sentiment caused by continuing inflation and the impact of US policy trends.」
Regarding risks related to economic conditions and consumer trends, weaker consumer sentiment caused by continuing inflation and the impact of US policy trends as a new factor contributing to an economic downturn are explicitly identified. - FY2025-H1WorsenedAnnual report
「On the other hand, uncertainty continues due to subdued consumer sentiment resulting from prolonged inflation and other factors.」
Regarding risks related to economic conditions and consumer trends, prolonged high prices and subdued consumer sentiment are specifically described as external-environment factors during the interim period. - FY2024-Q3MitigatedAnnual report
「Following the reclassification of COVID-19 as a Class 5 infectious disease, restrictions on activity were eased and social and economic activity moved toward normalization.」
The impact of infectious diseases and activity restrictions on economic conditions and consumer trends has become more limited than in the previous fiscal year due to the reclassification as a Class 5 infectious disease and the easing of activity restrictions. However, concern over an economic downturn remains. - 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.」
It states that there have been no material changes in the previously identified risks related to economic conditions, consumer trends and other factors. At the same time, it refers both to the normalization of social and economic activity and to downside risks to the economy. - FY2024-Q1MitigatedAnnual report
「As restrictions on activity were eased, including following the reclassification of COVID-19 as a Class 5 infectious disease, the economy showed signs of a gradual recovery.」
The reclassification of COVID-19 as a Class 5 infectious disease and the easing of restrictions on activity made the impact of economic conditions and consumer trends on results more limited than in the previous fiscal year, and a gradual recovery trend was indicated. However, uncertainty in the external environment remains. - FY2023MitigatedAnnual report
「As restrictions related to activity and going out were eased, and revenue remained above the previous fiscal year's level, the Group's results for the fiscal year were as follows.」
Due to the easing of restrictions and the recovery in economic activity, the impact of economic conditions and consumer trends on results was more limited than in the previous fiscal year, and Group revenue exceeded the previous fiscal year's level. - FY2023-Q2RestatedAnnual report
「During the six-month period ended 30 September 2022, the Japanese economy remained in an uncertain environment due to the prolonged conflict in Ukraine, higher energy prices caused by rapid foreign exchange fluctuations and the resulting surge in prices. However, personal consumption showed signs of recovery following a decline in the number of COVID-19 cases and other factors.」
It states that, although the uncertain external environment surrounding economic conditions and consumer trends continues, personal consumption showed signs of recovery following a decline in the number of infections and other factors. - FY2023-Q1RestatedAnnual report
「Looking ahead, concern remains over downside risks from a renewed spread of infections caused by new variants, surging raw material prices amid unstable international conditions, and volatility in the financial and capital markets, and uncertainty continues.」
Regarding economic conditions and consumer trends, it describes signs of recovery in personal consumption while also indicating downside risks from a renewed spread of infections, raw material prices and volatility in the financial markets. - FY2022MitigatedAnnual report
「During the consolidated fiscal year under review, although the impact of COVID-19 continued, the economy showed signs of recovery due to the thorough implementation of infection-control measures and the effects of policies promoting vaccination.」
Although the effects of infectious diseases, economic conditions and consumer trends continued, their impact on results was more limited than in the previous fiscal year due to infection-control measures, vaccination and the easing of restrictions on activity. - FY2021MaterialisedAnnual report
「During the consolidated fiscal year under review, the Japanese economy deteriorated rapidly due to the impact of COVID-19 and remained in a difficult situation.」
Existing risks related to economic conditions and consumer trends materialized in full-year results as an economic deterioration caused by COVID-19, revenue of ¥161,404 million and an operating loss of ¥14,404 million. - FY2021-Q1MaterialisedAnnual report
「During the three-month period under review, the Japanese economy deteriorated rapidly due to the impact of COVID-19 and remained in an extremely difficult situation.」
Existing earnings fluctuation risks related to economic conditions, consumer trends and other factors materialized as a sharp deterioration in the economy caused by COVID-19, lower revenue and operating losses across the businesses. - FY2020-Q3MaterialisedAnnual report
「In this business, revenue was ¥10,556 million (98.2% year on year), and the segment loss (operating loss) was ¥1,803 million, compared with a segment loss (operating loss) of ¥672 million in the same period of the previous year.」
Existing earnings fluctuation risks related to the consumer environment and other factors materialized in the nine-month results as lower revenue and an increased operating loss in the Casual business. - FY2020-Q2MaterialisedAnnual report
「In this business, due in part to a decline in customer traffic, revenue was ¥6,290 million (89.6% year on year), and the segment loss (operating loss) was ¥1,066 million, compared with a segment loss (operating loss) of ¥587 million in the same period of the previous year.」
Consumer-environment factors, including the decline in customer traffic, materialized in actual results as lower revenue and an increased operating loss in the Casual business. - FY2020-Q1MaterialisedAnnual report
「Mainly due to declines in revenue and gross profit in the Business Wear business, and the recognition of a ¥5,622 million loss on business restructuring related to the restructuring of the American Eagle business in the Casual business as an extraordinary loss」
Declines in revenue and gross profit in the Business Wear business occurred and weighed on first-quarter results. - FY2019MaterialisedAnnual report
「However, partly due to changes in the market environment, including the further shift toward casual officewear, and the effects of numerous instances of adverse weather and disasters, including the torrential rains in western Japan, the decline in customer traffic continued, and same-store sales in the Business Wear business were 97.8% of the previous fiscal year.」
Changes in the market environment and the decline in customer traffic caused by adverse weather and disasters materialized in full-year results as same-store sales of 97.8% in the Business Wear business. - FY2019-Q3MaterialisedAnnual report
「However, partly due to the effects of numerous instances of adverse weather and disasters, including the torrential rains in western Japan, the decline in customer traffic continued, and same-store sales in the Business Wear business were 95.9% of the same period of the previous year.」
The effects of adverse weather and disasters, together with the decline in customer traffic, materialized in actual results as same-store sales of 95.9% in the Business Wear business. - FY2019-Q2MaterialisedAnnual report
「In this business, due in part to a decline in customer traffic, revenue was ¥7,023 million (85.2% year on year), and the segment loss (operating loss) was ¥587 million, compared with a segment loss (operating loss) of ¥161 million in the same period of the previous year.」
The deterioration in consumer trends, including the decline in customer traffic, materialized as lower revenue and an increased operating loss in the Casual business. - FY2019-Q1MaterialisedAnnual report
「In this business, due in part to sluggish conditions in the American casual market, revenue was ¥3,811 million (85.8% year on year), and the segment loss (operating loss) was ¥154 million, compared with segment profit (operating profit) of ¥69 million in the same period of the previous year.」
Existing risks related to economic conditions and consumer trends materialized during the quarter as lower revenue and an operating loss caused by the sluggish American casual market. - FY2018-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 could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It explicitly states that there have been no material changes in the risk of earnings fluctuations caused by economic conditions, consumer trends and adverse weather. - FY2018-Q2MaterialisedAnnual report
「In this business, due in part to sluggish conditions in the casual market, revenue was ¥8,241 million (95.8% year on year), and the segment loss (operating loss) was ¥161 million, compared with a segment loss (operating loss) of ¥218 million in the same period of the previous year.」
The sluggish casual market materialized as lower revenue, and the Casual business recorded an operating loss during the six-month period. - FY2017RestatedAnnual report
「The Business Wear business, which is the core business of our Group, is significantly affected by economic conditions and consumer trends in Japan and overseas, as well as adverse weather such as cool summers and warm winters. Accordingly, these factors could adversely affect the Group's business results and financial position.」
It continues to explicitly identify earnings fluctuations caused by economic conditions, consumer trends and adverse weather as business and other risks. - FY2017-Q3MaterialisedAnnual report
「In this business, its core unit, (株)イーグルリテイリング, opened 6 American Eagle Outfitters stores. However, due in part to the effects of adverse weather, revenue was ¥12,931 million (94.6% year on year), and the segment loss (operating loss) was ¥489 million, compared with segment profit (operating profit) of ¥375 million in the same period of the previous year.」
The impact of adverse weather materialized as lower revenue and an operating loss in the Casual business during the nine-month period. - FY2017-Q2MaterialisedAnnual report
「Due in part to sluggish sales of summer merchandise caused by low temperatures and other factors, revenue was ¥8,605 million (93.8% year on year), and the segment loss (operating loss) was ¥218 million, compared with segment profit (operating profit) of ¥360 million in the same period of the previous year.」
Poor sales of summer merchandise due to weather actually occurred in the Casual business, resulting in lower revenue and an operating loss. The existing risks related to economic conditions, consumer trends and weather materialized as specific earnings events. - FY2017-Q1RestatedAnnual report
「However, the outlook remained uncertain due to concerns over a downturn in the economies of emerging Asian countries, particularly China, and resource-producing countries, as well as concerns over a slowdown in overseas economies, including the UK's withdrawal from the EU.」
Regarding risks related to economic conditions and consumer trends, downturns in emerging Asian economies and the UK's withdrawal from the EU continue to be identified as specific factors. It states that there have been no material changes in the overall business and other risks. - FY2016First statedAnnual report
「The Business Wear business, which is the core business of our Group, is significantly affected by economic conditions and consumer trends in Japan and overseas, as well as adverse weather such as cool summers and warm winters.」
It describes the possibility that economic conditions, consumer trends and weather, including cool summers and warm winters, may affect the Business Wear business.