Demand fluctuations driven by domestic and overseas economic and consumer trends, weather, and competition
First written in FY2017. 12 of 27 entries say "Worsened", first in FY2019. Latest entry: FY2027-H1.
Matsuya moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 12 of 19 companies on the "Worse" side.
0 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「During the current interim consolidated accounting period (1 March 2026 to 31 August 2026), Japan's economy remained on a moderate recovery trend. Although economic fluctuations stemming from heightened global geopolitical uncertainty and the effects of continued price increases on personal consumption persisted, expectations for the effects of various policies, including the comprehensive economic measures under the current administration and the Bank of Japan's monetary policy, supported the outlook for a gradual recovery.」
While the effects of global geopolitical uncertainty and rising prices remained, the description changed from the previously stated uncertain environment to an economy on a moderate recovery trend. - FY2026WorsenedAnnual report
「However, uncertainty remained high and the lack of clarity over the outlook could not be dispelled, owing to factors including supply shortages and price increases resulting from the impact of U.S. trade policy and heightened geopolitical risks, as well as volatility in the financial and capital markets, beginning with the substantial decline in the yen's value in the Tokyo foreign exchange market.」
An uncertain environment was described in which U.S. trade policy, geopolitical risks, supply shortages and price increases, yen depreciation and financial market volatility coexisted. - FY2026-H1WorsenedAnnual report
「Although there were risks of an economic downturn stemming from U.S. trade policy, as well as the effects of continued inflation on personal consumption,」
In addition to the conventional demand fluctuation factors of economic and consumer trends and prices, the risk of an economic downturn stemming from U.S. trade policy was specifically identified. - FY2025WorsenedAnnual report
「Demand in the Group's principal segments, department stores and food and beverage operations, is affected by economic conditions, including domestic and overseas economic and consumer trends and stock market conditions, as well as changes in the cost structure resulting from higher labor and other costs and inflation.」
In addition to the conventional demand fluctuation factors of economic and consumer trends, stock market conditions, weather and competition, changes in the cost structure resulting from higher labor costs and inflation were specifically identified as risks to demand fluctuations. - FY2025-Q1RestatedAnnual report
「During the first quarter (1 March 2024 to 31 May 2024), although Japan's economy was affected by the prolonged inflationary pressure resulting from the strengthening trend of yen depreciation in the foreign exchange market and volatility in the financial and capital markets, the economy remained on a gradual recovery trend against the backdrop of comprehensive economic measures under the current administration and the Bank of Japan's monetary policy, despite some areas showing delayed improvement. The Nikkei Stock Average reached a new high above ¥40,000 in late March.」
The Group reiterated its view that, although the effects of yen depreciation, inflation and financial market volatility remained, the economy was on a gradual recovery trend. - FY2024RestatedAnnual report
「Demand in the Group's principal segments, department stores and food and beverage operations, is affected by economic conditions, including domestic and overseas economic and consumer trends and stock market conditions, abnormal weather such as cool summers and warm winters, and competition from other companies in the same businesses and from other retailers. These factors may affect the Group's results of operations.」
The Group reiterated the risk of demand fluctuations caused by economic and consumer trends, stock market conditions, weather and competition. - FY2024-Q3RestatedAnnual report
「During the third quarter (1 March 2023 to 30 November 2023), although Japan's economy was affected by the prolonged inflationary pressure resulting from the strengthening trend of yen depreciation in the foreign exchange market and volatility in the financial and capital markets, the economy remained on a gradual recovery trend against the backdrop of comprehensive economic measures under the current administration and the Bank of Japan's monetary policy, despite some areas showing delayed improvement.」
The Group reiterated its view that, although the effects of yen depreciation, inflation and financial market volatility remained, the economy was on a gradual recovery trend. - FY2024-Q2RestatedAnnual report
「During the second quarter (1 March 2023 to 31 August 2023), although Japan's economy was affected by the prolonged inflationary pressure resulting from the strengthening trend of yen depreciation in the foreign exchange market and volatility in the financial and capital markets, the economy remained on a gradual recovery trend against the backdrop of comprehensive economic measures under the current administration and the Bank of Japan's monetary policy, despite some areas showing delayed improvement.」
The Group reiterated its view that, although the effects of yen depreciation, inflation and financial market volatility remained, the economy was on a gradual recovery trend. - FY2024-Q1MitigatedAnnual report
「During the first quarter (1 March 2023 to 31 May 2023), although Japan's economy was affected by the prolonged inflationary pressure resulting from the strengthening trend of yen depreciation in the foreign exchange market and volatility in the financial and capital markets, the economy remained on a gradual recovery trend against the backdrop of comprehensive economic measures under the current administration and the Bank of Japan's monetary policy. The Nikkei Stock Average reached a 33-year high in mid-May, although some areas continued to recover slowly.」
Although the effects of yen depreciation, inflation and financial market volatility remained, the description changed from the previous statement that conditions were still challenging to one indicating that the economy was on a gradual recovery trend. - FY2023-Q3RestatedAnnual report
「During the third quarter (1 March 2022 to 30 November 2022), Japan's economy remained in a challenging environment. Although expectations emerged for a gradual economic recovery as comprehensive economic measures under the current administration progressed in addressing the economic slowdown, the resurgence of COVID-19 and the prolonged situation in Ukraine resulted in supply constraints, higher raw material prices and a sharp depreciation of the yen in the foreign exchange market, while volatility in the financial and capital markets also affected the economy.」
The Group reiterated its view that the economic environment remained challenging due to the resurgence of infectious diseases, the situation in Ukraine, supply constraints, rising raw material prices, yen depreciation and financial market volatility. - FY2023-Q2WorsenedAnnual report
「During the second quarter of the current fiscal year (1 March 2022 to 31 August 2022), Japan’s economy remained in an extremely challenging situation. Although expectations emerged for a gradual economic recovery as comprehensive economic measures under the current administration addressed the economic slowdown, the impact of the resurgence of COVID-19 and the prolonged situation in Ukraine included supply-side constraints, higher raw material prices and volatility in financial and capital markets, including the yen trading near a 24-year low in the foreign exchange market.」
The economic environment was described as extremely challenging, due to the usual demand fluctuations caused by economic and consumer trends, compounded by the resurgence of infectious diseases, the situation in Ukraine, supply constraints, rising raw material prices, yen depreciation and financial market volatility. - FY2022WorsenedAnnual report
「As the global economic fluctuations caused by rising crude oil prices and falling stock prices stemming from geopolitical risks overseas, among other factors, are expected to continue for the time being, and consumer sentiment is a concern, conditions are expected to remain unpredictable.」
In addition to the impact of COVID-19, geopolitical risks overseas, rising crude oil prices and falling stock prices were specifically identified as new factors creating concern about weaker consumer sentiment and uncertainty. - FY2022-Q3Signs of partial recovery alongside continued severe conditionsAnnual report
「Although some areas continued to show signs of recovery as COVID-19 vaccinations accelerated, conditions remained extremely severe.」
Signs of partial recovery resulting from accelerated vaccinations were reported, while economic conditions remained extremely severe. - FY2022-Q2RestatedAnnual report
「During the second quarter (1 March 2021 to 31 August 2021), Japan's economy remained in an extremely severe condition. Although measures were being taken under the current administration's comprehensive economic package to address the economic slowdown, the economy was deteriorating owing to the impact of COVID-19.」
The explanation that economic conditions remained extremely severe owing to the impact of COVID-19 was reiterated. - FY2022-Q1RestatedAnnual report
「During the first quarter (1 March 2021 to 31 May 2021), Japan's economy remained in an extremely severe condition. Although measures were being taken under the current administration's comprehensive economic package to address the economic slowdown, the economy was deteriorating owing to the impact of COVID-19.」
The explanation that economic conditions remained extremely severe owing to the impact of COVID-19 was reiterated. - FY2021WorsenedAnnual report
「Uncertainty about the outlook continued, owing to the stagnation of economic activity accompanying the resurgence of COVID-19 worldwide, as well as the impact of the downturn and increasing uncertainty in overseas economies resulting from US-China trade friction.」
In addition to the risk of demand fluctuations driven by economic and consumption trends, the resurgence of COVID-19 and the downturn in overseas economies continued to create uncertainty about the full-year outlook. - FY2021-Q3WorsenedAnnual report
「During the third quarter (1 March 2020 to 30 November 2020), Japan's economy remained in a severe condition. Although measures were being taken under the current administration's comprehensive economic package to address the economic slowdown, the economy continued to be affected by the resurgence of COVID-19.」
It was reported that economic conditions remained severe owing to the resurgence of COVID-19. - FY2021-Q2WorsenedAnnual report
「During the second quarter (1 March 2020 to 31 August 2020), Japan's economy remained in a severe condition. Although measures were being taken under the current administration's comprehensive economic package to address the economic slowdown, the economy continued to be affected by COVID-19.」
It was reported that, in addition to the existing risk of demand fluctuations driven by economic and consumption trends, severe economic conditions caused by COVID-19 continued. - FY2021-Q1WorsenedAnnual report
「During the first quarter (1 March 2020 to 31 May 2020), Japan's economy remained in an extremely severe condition. Although measures were being taken under the current administration's comprehensive economic package to address the economic slowdown, the economy was rapidly deteriorating owing to the impact of COVID-19.」
In addition to the previously identified demand fluctuations driven by economic and consumption trends, weather and competition, the rapid deterioration in economic conditions caused by COVID-19 was reported. - FY2020MaterialisedAnnual report
「However, uncertainty about the outlook continued, owing to the downturn and increasing uncertainty in overseas economies resulting from US-China trade friction, the impact of volatility in financial and capital markets, and the impact of a succession of natural disasters and the spread of COVID-19.」
Uncertainty stemming from overseas economies, financial markets, natural disasters and COVID-19 emerged as a business environment involving lower full-year revenue and earnings. - FY2020-Q3MaterialisedAnnual report
「During the third quarter (1 March 2019 to 30 November 2019), Japan's economy continued to lack momentum in stock prices overall, owing to the downturn and increasing uncertainty in overseas economies resulting from US-China trade friction and the impact of volatility in financial and capital markets. Against the backdrop of economic policies under the current administration and monetary measures by the Bank of Japan, the economy remained on a gradual recovery path despite some areas of weakness. In the department store industry, Tokyo department store sales fell below the previous year's level, owing to the impact of a succession of natural disasters and changes in purchasing trends among visitors to Japan.」
The downturn in overseas economies, volatility in financial and capital markets, natural disasters and changes in purchasing trends among visitors to Japan resulted in department store sales falling below the previous year's level. - FY2020-Q2MaterialisedAnnual report
「During the second quarter (1 March 2019 to 31 August 2019), Japan's economy continued to lack momentum in stock prices overall, owing to the downturn and increasing uncertainty in overseas economies resulting from US-China trade friction and the impact of volatility in financial and capital markets. Against the backdrop of economic policies under the current administration and monetary measures by the Bank of Japan, the economy remained on a gradual recovery path despite some areas of weakness. In the department store industry, Tokyo department store sales fell below the previous year's level, owing to a pause in consumer sentiment, particularly among middle-income consumers, resulting from the stronger yen and weaker stock prices, as well as changes in purchasing trends among visitors to Japan.」
Demand fluctuations driven by US-China trade friction, volatility in financial markets, a stronger yen and weaker stock prices continued, resulting in Tokyo department store sales falling below the previous year's level. - FY2019WorsenedAnnual report
「However, uncertainty about the outlook continued, owing to the downturn and increasing uncertainty in overseas economies resulting from US-China trade friction, the impact of volatility in financial and capital markets, and the impact of a succession of natural disasters, including earthquakes and typhoons.」
In addition to economic and consumption trends, weather and competition, specific factors contributing to uncertainty about the outlook were identified, including US-China trade friction, a downturn in overseas economies, volatility in financial and capital markets, and a succession of natural disasters. - FY2018RestatedAnnual report
「Demand in the department store and food-service businesses, which are the Group's main segments, is affected by economic conditions, including domestic and overseas economic and consumption trends, abnormal weather such as cool summers and warm winters, and competition from companies in the same businesses and other retailers.」
The risk of demand fluctuations driven by economic and consumption trends, weather and competition was reiterated. - FY2017First statedAnnual report
「Demand in the department store and food-service businesses, which are the Group's main segments, is affected by economic conditions, including domestic and overseas economic and consumption trends, abnormal weather such as cool summers and warm winters, and competition from companies in the same businesses and other retailers.」
Economic and consumption trends, weather and competition were disclosed as factors driving demand fluctuations in the department store and food-service businesses.