Impact of the Consumption Tax Rate Increase on Consumer Sentiment
First written in FY2020-Q1. 1 of 3 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2020: 5 of 12 companies on the "Worse" side.
4 other companies' latest entry also says "Dropped".
- FY2020DroppedAnnual reportThe description of the business environment for FY2020 did not identify the impact of the consumption tax rate increase on consumer sentiment as a separate downside factor.
- FY2020-Q2RestatedAnnual report
「During the second quarter consolidated cumulative period, Japan's economy continued to recover gradually against a backdrop of improving corporate earnings and employment conditions, while concerns remained about the impact of the consumption tax rate increase on consumer sentiment, as well as downside risks to the domestic economy from trade issues and uncertainty in overseas economies. In addition, concern arose over the impact of the spread of COVID-19.」
The company continued to identify the impact of the consumption tax rate increase on consumer sentiment as a factor weighing on the economy, and also noted the impact of the spread of the novel coronavirus. - FY2020-Q1First statedAnnual report
「Concern over the impact of the consumption tax rate increase on consumer sentiment」
For the first time, the company explicitly identified the possibility that the consumption tax rate increase could affect consumer sentiment as a factor weighing on the domestic economy.