Violations of laws and regulations, changes to systems, and consumption tax rate increases
First written in FY2016. 3 of 5 entries say "Restated". Latest entry: FY2020-Q3.
Kintetsu Department Store moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 23 of 30 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- FY2020-Q3MaterialisedAnnual report
「In the department store industry, although shopping demand from visitors to Japan provided support and high-priced goods such as luxury brands and imported watches remained strong, sales were sluggish because of the impact of cool, wet summer weather and typhoons and other natural disasters, as well as weaker consumer sentiment after the consumption tax increase.」
The previously disclosed risk of weaker consumer spending due to a consumption tax rate increase materialized in the form of declining consumer sentiment and sluggish sales after the tax increase. - FY2019RestatedAnnual report
「Personal consumption may deteriorate due to future increases in the consumption tax rate and other factors, adversely affecting the Group's business performance and financial condition.」
The risk of weaker consumer spending due to changes in laws and regulations and future consumption tax rate increases continues to be disclosed. - FY2018RestatedAnnual report
「Personal consumption may deteriorate due to future increases in the consumption tax rate and other factors, adversely affecting the Group's business performance and financial condition.」
The risk of weaker consumer spending due to changes in laws and regulations and future consumption tax rate increases continues to be disclosed. - FY2017RestatedAnnual report
「Personal consumption may deteriorate due to future increases in the consumption tax rate and other factors, adversely affecting the Group's business performance and financial condition.」
The risk of weaker consumer spending due to changes in laws and regulations and future consumption tax rate increases is reiterated. - FY2016First statedAnnual report
「Personal consumption may deteriorate due to future increases in the consumption tax rate and other factors, adversely affecting the Group's business performance and financial condition.」
In addition to the risk of violating laws and regulations relating to sales and store openings, it identifies the deterioration in personal consumption resulting from future increases in the consumption tax rate.