Temporary decline in personal consumption following a consumption tax rate increase
First written in FY2017. 1 of 3 entries say "Restated". Latest entry: FY2020-Q3.
Aeon 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 2026: 4 of 7 companies on the "Worse" side.
26 other companies' latest entry also says "Materialised".
- FY2020-Q3MaterialisedAnnual report
「Although October was affected by the consumption tax increase, existing-store sales rose to 100.9% year on year in November, the month following the increase, helped by the popularity of special promotions during Aeon's Black Friday campaign, which it pioneered in Japan, including half-price apparel, discounts on winter home-fashion products and time-limited offers.」
Stated that the consumption tax rate increase in October 2019 had actually affected the retail business and that promotional measures were implemented in the following month in response. - FY2019RestatedAnnual report
「The consumption tax rate is scheduled to increase from 8% to 10% in October 2019. When the consumption tax was increased from 5% to 8% in April 2014, personal consumption temporarily declined.」
Continued to identify the scheduled tax increase in October 2019 and the temporary decline in personal consumption following the previous increase as risks. - FY2017First statedAnnual report
「The consumption tax rate is scheduled to increase from 8% to 10% in October 2019.」
Indicated the scheduled increase in the consumption tax rate from 8% to 10% in October 2019 and the possibility of weaker personal consumption due to rush demand and a subsequent reactionary decline.