Inbound Consumption Slowdown
First written in FY2017-Q2. 24 of 45 entries say "Mitigated", first in FY2017-Q3. Latest entry: 2026-10-16.
Takashimaya moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2019: 8 of 19 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- 2026-10-16MitigatedMonthly
「インバウンド顧客についても、高額品に加え、化粧品や子供情報ホビー、スポーツ関連商品等が伸長したことで前年実績を上回り、店頭売上高全体を押し上げました。 ※インバウンド：前年比 【件数】＋0.3％ 【単価】＋12.5％」
インバウンド消費の反動減が生じた過去の開示から、件数・単価の上昇を伴う前年実績超過へ変化している。 - 2026-10-15Mitigatedtopics.smt.docomo.ne.jp
「上期の好業績に加え、国内百貨店における国内、インバウンド売り上げの増加予想を踏まえた。」
インバウンド消費の増加予想が通期業績の上方修正を支える要因として報じられ、鈍化リスクが弱まる方向の情報となった。 - FY2027-H1MitigatedAnnual report
「Sales exceeded the previous year’s level due to increased inbound demand against a backdrop of yen depreciation, in addition to solid sales to domestic customers, which account for the majority of sales.」
The situation changed from the slowdown in inbound consumption and the decline following the prior surge described in the previous filing to one in which inbound demand increased and sales to domestic customers remained firm. - FY2026MaterialisedAnnual report
「Revenue declined overall, largely reflecting the reaction to the expansion in inbound demand during the previous fiscal year against a backdrop of a weaker yen.」
The reaction to the previous year's inbound consumption materialized as lower full-year revenue across domestic department stores. - FY2026-H1MaterialisedAnnual report
「Revenue declined overall, largely reflecting the reaction to the expansion in inbound demand during the previous fiscal year against a backdrop of a weaker yen.」
The slowdown in sales following the previous year's expansion in inbound demand materialized as lower revenue at domestic department stores. - FY2025MitigatedAnnual report
「In addition to the increase in inbound sales, sales to domestic customers, which account for approximately 85% of total sales, remained firm.」
The disclosure stated that, following a period of continued weakness or disappearance of inbound consumption, increased inbound sales became a factor supporting performance. - FY2025-H1MaterialisedAnnual report
「On the other hand, in the second quarter, particularly in August, the yen strengthened substantially, bringing the risk of a slowdown in inbound sales to the fore.」
The disclosure stated that the risk of slower inbound consumption had materialized as an actual slowdown in inbound sales against a backdrop of a stronger yen. - FY2025-Q1MitigatedAnnual report
「Sales increased as inbound sales grew against the backdrop of the weaker yen, while sales to domestic customers, which account for approximately 80% of total sales, also remained firm.」
The disclosure moved from a period of continued weakness or disappearance of inbound consumption to reporting an increase in inbound sales. - FY2024-Q1MitigatedAnnual report
「Inbound sales also remained strong for high-priced goods, particularly luxury brands, while the weaker yen has raised spending per customer and further boosted sales.」
The disclosure moved from describing stagnant or disappearing inbound demand through the previous fiscal year to reporting a recovery in inbound sales and strong sales of high-value items. - FY2023-Q1SoftenedAnnual report
「Thereafter, personal consumption showed signs of recovery following the lifting of measures such as priority preventive measures to curb the spread of disease, and a recovery in inbound demand is expected as restrictions on cross-border travel are eased. However, the outlook remains uncertain, with concerns that the situation in Ukraine, pressure for a weaker yen and rising prices caused by higher raw material costs could heighten consumers' desire to protect their household finances.」
The outlook for inbound demand changed from the previous year's statement that a recovery could not be expected to an expectation of recovery as restrictions on international travel were eased. However, uncertainties such as a heightened desire among consumers to protect their household finances were also cited. - FY2022WorsenedAnnual report
「With no recovery in the number of overseas travelers expected, the stores will seek to secure earnings by reorganizing their merchandise mix in response to changing customer needs, acquiring new customers, deepening relationships with existing customers, and strengthening cooperation with local subsidiaries.」
The disclosure stated that a recovery in the number of overseas travelers could not be expected, indicating that the delayed recovery in inbound consumption would continue. - FY2022-Q2SoftenedAnnual report
「The Takashimaya Group Three-Year Plan was formulated on the assumption that personal consumption and inbound demand would gradually recover over a certain period. Based on the assumption that profit would recover to the level set in the original plan by fiscal 2023, the company made accounting estimates concerning impairment accounting for fixed assets and the recoverability of deferred tax assets, among other matters.」
While the risk of continued weakness in inbound demand remained, the company assumed that personal consumption and inbound demand would gradually recover and indicated that profit would recover to the level set in the original plan in fiscal 2023. - FY2022-Q1WorsenedAnnual report
「However, following the third declaration of a state of emergency, 10 stores, including the large Osaka and Nihombashi stores, were temporarily closed, and inbound sales disappeared. The company therefore remains below pre-pandemic levels.」
The slowdown in inbound consumption was described as the disappearance of inbound sales, exceeding a mere year-on-year decline. - FY2021WorsenedAnnual report
「Inbound sales declined 91.3% from the previous year as travel restrictions caused a substantial decrease in the number of visitors to Japan.」
The slowdown in inbound consumption materialized in full-year sales results as a 91.3% year-on-year decline. - FY2021-Q3RestatedAnnual report
「Inbound sales declined 93.8% from the previous year as travel restrictions caused a substantial decrease in the number of visitors to Japan.」
The significant decrease in visitors to Japan and a 93.8% year-on-year decline in inbound sales continued, indicating that the slowdown in inbound consumption also continued. - FY2021-Q2WorsenedAnnual report
「Sales declined substantially, in part because inbound sales fell 94.6% from the previous year as travel restrictions caused a significant decrease in the number of visitors to Japan.」
The slowdown in inbound consumption was further quantified by a decrease in visitors to Japan and a 94.6% year-on-year decline in sales. - FY2021-Q1MaterialisedAnnual report
「In addition, as travel restrictions reduced the number of visitors to Japan, inbound sales at individual department stores fell sharply by 96.8% from the previous year.」
The slowdown in inbound consumption materialized as a 96.8% year-on-year decline in inbound sales, reflecting the decrease in visitors to Japan caused by travel restrictions. - FY2020-Q3MaterialisedAnnual report
「Domestic department stores reported higher sales despite slower inbound sales due to exchange-rate effects and the increase in the consumption tax rate from October, as well as the impact of typhoons and other natural disasters, because rush demand ahead of the tax increase provided support.」
The slowdown in inbound sales due to exchange-rate effects and other factors actually occurred, while the consumption tax increase and natural disasters also affected domestic department store performance. - FY2020-Q2MaterialisedAnnual report
「At domestic department stores, inbound demand, which had driven sales growth in recent years, began to slow, with sales trending toward roughly the previous year's level amid slower growth in the Chinese economy and a shift in the exchange rate toward a stronger yen and weaker yuan.」
The disclosure stated that domestic department store sales generated by inbound demand slowed to roughly the previous year's level against a backdrop of slower growth in the Chinese economy and a stronger yen and weaker yuan. - FY2019-Q3RestatedAnnual report
「Domestic department stores reported higher revenue, supported by continued strong inbound demand and growth in sales of high-value items and other products driven by solid personal consumption.」
The disclosure stated that inbound demand remained strong and supported growth in sales of high-value items and other products, as well as higher revenue at domestic department stores. - FY2019-Q2RestatedAnnual report
「Supported by robust inbound demand and solid domestic economic conditions, the group's core domestic department store business reported higher revenue.」
The disclosure stated that robust inbound demand supported higher revenue at domestic department stores. - FY2018RestatedAnnual report
「The group's domestic department stores also reported higher revenue, supported by solid personal consumption and strong inbound demand.」
The disclosure stated that inbound demand remained strong during the period and contributed to higher revenue at domestic department stores. - FY2018-Q2RestatedAnnual report
「The group's domestic department stores also achieved higher revenue, supported by solid personal consumption and strong inbound demand from visitors to Japan.」
The disclosure stated that strong inbound demand supported higher revenue at domestic department stores, reiterating the previous recognition of a recovery in demand. - FY2018-Q1RestatedAnnual report
「The group's domestic department stores also achieved steady sales growth, supported by solid personal consumption and a recovery in inbound demand from visitors to Japan.」
The disclosure again cited a recovery in demand from visitors to Japan and growth in domestic department store sales as factors supporting recovery from the slowdown in inbound consumption. - FY2017-Q3MitigatedAnnual report
「In addition to domestic initiatives, such as distributing coupons to the mobile phones and smartphones of visitors to Japan jointly with NTT DOCOMO, INC., the group increased customer traffic through group-wide customer-acquisition promotions, including at overseas stores, and inbound sales increased 8%.」
In response to the previously reported slowdown in inbound consumption, the disclosure cited an 8% increase in inbound sales driven by coupon distribution and group-wide customer-acquisition promotions. - FY2017-Q2First statedAnnual report
「Although employment and income conditions showed signs of improvement, consumer spending remained less than solid. Together with slowing inbound consumption, this meant that domestic department store performance showed no signs of improvement.」
The disclosure identified, for the first time as an economic factor for the period, the impact of slowing inbound consumption on domestic department store performance.