Inbound Tourism Tailwind Losing Momentum
First written in FY2017-Q1. 13 of 32 entries say "Restated". Latest entry: 2026-10-14.
Izutsuya moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 8 of 19 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2026WorsenedAnnual report
「In addition to the slowdown in inbound demand due to the pause in the yen's depreciation and China's call for restraint on overseas travel」
The report describes a slowdown in inbound demand, which had supported demand in major urban areas, due to China's call for restraint on overseas travel and other factors. - 2026-04-28WorsenedGeneral Meetings of Shareholders
「Business conditions remain challenging, with inbound demand slowing due to the effects of a pause in yen depreciation and China’s voluntary travel restrictions, while demand for high-value products has also lost momentum.」
The slowdown in inbound demand and weakening demand for high-value products continue to be explicitly identified. - FY2026-H1WorsenedAnnual report
「High-value consumption and inbound demand centered on flagship department stores in major urban areas slowed」
The report describes a slowdown in high-value consumption and inbound demand, which had previously driven sales in major urban areas. - FY2025RestatedAnnual report
「However, difficult business conditions continue at department stores in regional cities and suburban locations, where inbound demand is limited.」
While the recovery in inbound demand is driving business conditions in major urban areas, difficult conditions continue in regional cities and suburban areas, where demand is limited. - FY2024RestatedAnnual report
「Business conditions recovered markedly, particularly in major urban areas, mainly driven by inbound demand. However, department stores in regional cities and suburban locations, where inbound demand is limited, remain in a difficult business environment」
While the recovery in inbound demand is driving business conditions in major urban areas, difficult conditions continue in regional cities and suburban areas, where demand is limited. - FY2024-Q3MitigatedAnnual report
「In the department store industry, business conditions recovered markedly, particularly in major urban areas, mainly driven by inbound demand, following the reclassification of COVID-19 under the Infectious Diseases Control Law to Category 5 in May 2023 and the lifting of restrictions on activities.」
Inbound demand, previously described as weak or having plunged, is described as a factor behind the marked recovery in business conditions, particularly in major urban areas. - FY2024-Q2RestatedAnnual report
「Business conditions improved from the previous year due to more opportunities to go out and the recovery in inbound demand from foreign visitors to Japan」
The report continues to state that the recovery in inbound demand, previously described as weak or having plunged, is contributing to improved business conditions. - FY2024-Q1MitigatedAnnual report
「Business conditions improved from the previous year due to more opportunities to go out and the recovery in inbound demand」
For inbound demand, which had been described as weak or having plunged, the recovery is described as a factor behind the improvement in business conditions. - FY2022RestatedAnnual report
「The cancellation of large-scale events and weak inbound demand, among other factors, resulted in difficult business conditions nationwide.」
Weak inbound demand continues to be described as a factor contributing to difficult business conditions in the department store industry. - FY2022-Q3RestatedAnnual report
「Operating conditions remained difficult due to the cancellation of large-scale events, weak inbound demand and other factors.」
Weak inbound demand continues to be described as a factor behind difficult operating conditions in the department store industry. - FY2022-Q1RestatedAnnual report
「The cancellation of large-scale events and weak inbound demand, among other factors, resulted in difficult business conditions nationwide.」
Weak inbound demand continues to be described as a factor behind the difficult business conditions in the department store industry. - FY2021WorsenedAnnual report
「Inbound demand from the increase in foreign visitors to Japan also declined sharply from the previous year as the spread of COVID-19 continued, and there was no clear prospect of recovery.」
The situation deteriorated as inbound demand declined sharply, with no clear prospect of recovery. - FY2021-Q3RestatedAnnual report
「The sharp decline in inbound demand and other factors resulted in difficult business conditions nationwide, with overall results significantly below the previous year's levels.」
The sharp decline in inbound demand continues to be described as a factor behind the difficult business conditions in the department store industry. - FY2021-Q2RestatedAnnual report
「The sharp decline in inbound demand and other factors resulted in difficult business conditions nationwide, with overall results significantly below the previous year's levels.」
The sharp decline in inbound demand continues to be described as a factor behind the difficult business conditions in the department store industry. - FY2021-Q1WorsenedAnnual report
「The sharp decline in inbound demand resulted in difficult business conditions nationwide, with overall results significantly below the previous year's levels.」
Following the previous period's slowdown in inbound demand and decline in foreign tourists visiting Japan, demand plunged and became a factor behind results nationwide falling significantly below the previous year's levels. - FY2020WorsenedAnnual report
「The environment surrounding department stores remains difficult due to the consumption tax increase, unseasonable weather and the slowdown in inbound demand」
Following the previous period's description of a decline in foreign tourists visiting Japan and a slowdown in inbound demand, the current period also identifies the slowdown in inbound demand as a factor behind the deterioration in department store business conditions. - FY2020-Q3WorsenedAnnual report
「In the department store industry, trading conditions remained generally difficult, partly due to the consumption tax increase, unsettled weather and a slowdown in inbound demand.」
Unlike the previous descriptions of strong growth through the previous period and an increase in foreign tourists visiting Japan, this quarter's report identifies a slowdown in inbound demand as a factor behind the deterioration in department store business conditions. - FY2020-Q2WorsenedAnnual report
「Unstable weather caused poor sales of midsummer items, and the decline in foreign tourists visiting Japan also contributed to generally difficult business conditions.」
While inbound demand had shown strong growth through the previous period, this quarter's report identifies the decline in foreign tourists visiting Japan as a factor behind the deterioration in department store business conditions. - FY2020-Q1MitigatedAnnual report
「In the department store industry, the increase in foreign tourists visiting Japan and high-value consumption by affluent consumers provided support, and signs of a gradual recovery began to emerge in major metropolitan areas.」
While the previous period described negative tax-free sales due to tighter regulations in China and other factors, this quarter's report states that the increase in foreign tourists visiting Japan is supporting demand in major metropolitan areas. - FY2019WorsenedAnnual report
「Inbound demand from affluent domestic consumers and foreign visitors to Japan continued to drive sales, particularly in metropolitan areas, but department store tax-free sales turned negative in January for the first time in 26 months due to the impact of tighter regulations in China and other factors.」
Although overall inbound demand continued to drive sales in metropolitan areas, department store tax-free sales turned negative for the first time in 26 months due to tighter regulations in China and other factors. - FY2019-Q3RestatedAnnual report
「Inbound demand from affluent domestic consumers and foreign visitors to Japan continued to show strong growth from the previous year」
The report states that inbound demand continued to show strong growth from the previous year. - FY2019-Q2RestatedAnnual report
「Inbound demand from affluent domestic consumers and foreign visitors to Japan continued to show strong growth from the previous year」
The report states that inbound demand continued to show strong growth from the previous year. - FY2019-Q1RestatedAnnual report
「While sales from high-value consumption and inbound demand continue to show strong growth」
The report states that sales from inbound demand continue to show strong growth. - FY2018MitigatedAnnual report
「For inbound demand, which is expected to continue expanding, we will strengthen our operating structure by installing temporary tax-free counters and increasing the number of interpretation staff, among other measures, to improve convenience for foreign tourists visiting Japan.」
The report describes measures to strengthen support for inbound demand, which is expected to expand, including installing tax-free counters and increasing interpretation staff. - FY2018-Q3RestatedAnnual report
「In the department store industry, demand remained firm, particularly in major cities, supported by strong spending by affluent consumers and robust inbound demand, among other factors」
The report continues to state that inbound demand is robust and is supporting demand, particularly in major cities. - FY2018-Q2RestatedAnnual report
「In the department store industry, high-value spending by affluent consumers and inbound consumption continued to post strong growth」
The report continues to state that inbound consumption, which had previously weakened, is maintaining strong growth. - FY2018-Q1MitigatedAnnual report
「In the department store industry, high-value consumption and inbound consumption performed well as a result of the wealth effect from the weaker yen and higher share prices」
The description of inbound consumption has changed from continued declines and decreases to stating that it is performing well. - FY2017-Q3WorsenedAnnual report
「Inbound consumption also continued to decline」
The continued decline in inbound consumption is described as a factor behind difficult business conditions nationwide. - FY2017-Q2WorsenedAnnual report
「In addition, inbound consumption, which had been performing well particularly in major metropolitan areas, saw purchase prices continue to decline after China's increase in import tariffs in April, resulting in difficult business conditions nationwide.」
The decline in purchase prices for inbound consumption continued after China's increase in import tariffs, and its impact is described as a factor behind difficult business conditions nationwide. - FY2017-Q1First statedAnnual report
「Some fading has been seen in the inbound effect, which has been a positive sales driver, particularly in major metropolitan areas.」
The report states that the inbound effect, previously a positive sales driver, has weakened.