Weak consumer spending and shrinking inbound tourism demand
First written in FY2017-Q2. 11 of 23 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2026.
Tbs Holdings moved to the "Worse" side of this theme in 2017, 3 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 18 of 22 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The core general-merchandise retail business, "PLAZA STYLE COMPANY," posted higher revenue and profit as hair-care products and character merchandise grew, despite increases in personnel costs and store-opening expenses, among other costs.」
Although the previous factors weakening personal consumption and store activity remained, the retail business posted higher revenue and profit as hair-care and character merchandise grew. - FY2026-H1Retail revenue increased, but profit declined because of personnel and store-opening costs.Annual report
「The core general-merchandise retail business, "PLAZA STYLE COMPANY," increased revenue as heat-related products and character merchandise grew, but profit declined because personnel costs and store-opening expenses, among other costs, rose ahead of the revenue increase.」
The retail business increased revenue as heat-related products and character merchandise grew, but profit declined because of higher personnel costs and store-opening expenses, among other costs. - FY2025-H1MitigatedAnnual report
「The core general-merchandise retail business, "PLAZA STYLE COMPANY," posted higher revenue and profit as cosmetics and products addressing the rising temperatures and heat grew.」
The retail business posted higher revenue and profit as cosmetics and heat-related products grew, partly easing the previous factors that had weakened personal consumption and store activity. - FY2024MitigatedAnnual report
「The core general-merchandise retail business, "PLAZA STYLE COMPANY," posted higher revenue and profit as cosmetics and general merchandise grew, despite increases in the cost ratio and store operating costs.」
Although the higher cost ratio and store operating costs remained, the retail business posted higher revenue and profit as cosmetics and general merchandise grew, partly easing the risks related to personal consumption and store activity. - FY2024-Q2MitigatedAnnual report
「The core general-merchandise retail business, "PLAZA STYLE COMPANY," posted higher revenue and profit as revenue growth driven by the normalization of social and economic activity following COVID-19's reclassification to Category 5, as well as strong sales of products addressing the exceptionally hot weather, outweighed the higher cost ratio and increased store operating costs.」
Although the cost ratio and store operating costs increased, PLAZA STYLE COMPANY posted higher revenue and profit as social and economic activity normalized and sales of products addressing the exceptionally hot weather grew. - FY2024-Q1MitigatedAnnual report
「Meanwhile, the core general-merchandise retail business, "PLAZA STYLE COMPANY," increased revenue as foot traffic recovered following the lifting of requests for voluntary restraint related to COVID-19, but profit declined because of a higher cost ratio and increased store operating costs.」
The retail business increased revenue as foot traffic recovered following the lifting of requests for voluntary restraint, easing the impact of the infectious disease and personal-consumption environment on store activity. However, profit declined because of the higher cost ratio and increased store operating costs. - FY2023MitigatedAnnual report
「In addition, the core general-merchandise retail business, "PLAZA STYLE COMPANY," posted substantial increases in revenue and profit as foot traffic recovered following the lifting of requests for voluntary restraint related to COVID-19, resulting in higher revenue and profit for Styling Life Group as a whole.」
The impact of store closures, restrictions on foot traffic, and shrinking inbound demand eased, while recovering foot traffic led to higher revenue and profit at PLAZA STYLE COMPANY and for the group as a whole. - FY2023-Q3RestatedAnnual report
「Meanwhile, the core general-merchandise retail business, "PLAZA STYLE COMPANY," posted substantial increases in revenue and profit as foot traffic recovered following the lifting of requests for voluntary restraint related to COVID-19, resulting in higher revenue and profit for Styling Life Group as a whole.」
Against a backdrop of recovering foot traffic following the lifting of requests for voluntary restraint, PLAZA STYLE COMPANY posted substantial increases in revenue and profit, and the lifestyle business continued to improve. - FY2023-Q2MitigatedAnnual report
「Meanwhile, the core general-merchandise retail business, "PLAZA STYLE COMPANY," posted substantial increases in revenue and profit as foot traffic recovered following the lifting of requests for voluntary restraint related to the infectious disease, resulting in higher revenue and profit for Styling Life Group as a whole.」
Against a backdrop of recovering foot traffic following the lifting of requests for voluntary restraint, PLAZA STYLE COMPANY posted substantial increases in revenue and profit, further easing the impact of the infectious disease and consumption environment on the store business. - FY2023-Q1MitigatedAnnual report
「Meanwhile, the core general-merchandise retail business, "PLAZA STYLE COMPANY," posted substantial increases in revenue and profit as foot traffic recovered following the lifting of requests for voluntary restraint, resulting in higher revenue and profit for Styling Life Group as a whole.」
Against a backdrop of recovering foot traffic following the lifting of requests for voluntary restraint, PLAZA STYLE COMPANY posted substantial increases in revenue and profit, partly easing the impact of store restrictions through the previous year. - FY2022MitigatedAnnual report
「The core general-merchandise retail business, "PLAZA STYLE COMPANY," was forced to close stores and reduce operating hours following the declaration of a state of emergency, but revenue and profit increased as customer traffic recovered after the declaration was lifted in October and seasonal gift sales were strong. The mail-order business, Light Up Shopping Club Co., Ltd., increased both its customer base and average spend per customer amid growing stay-at-home demand, resulting in higher revenue and profit.」
Despite the continuing effects of store closures and reduced inbound demand, revenue and profit increased as customer traffic, seasonal gift sales, and the mail-order business's customer base and average spend per customer grew. - FY2022-Q3MitigatedAnnual report
「At Styling Life Group, the core retail business, "PLAZA STYLE COMPANY," was forced to close stores and reduce operating hours following the declaration of a state of emergency. However, the declaration was lifted in October and infections remained subdued through year-end, leading to increased customer traffic and higher revenue and profit. The mail-order business, Light Up Shopping Club Co., Ltd., increased both its customer base and average spend per customer amid growing stay-at-home demand, resulting in higher revenue and profit.」
Although the effects of store closures, reduced operating hours, and the personal-consumption environment remained, the retail and mail-order businesses posted higher revenue and profit as customer traffic increased after the declaration was lifted and the mail-order business expanded its customer base and average spend per customer. - FY2022-Q2RestatedAnnual report
「At Styling Life Group, the core retail business, "PLAZA STYLE COMPANY," was forced to close stores and reduce operating hours following the declaration of a state of emergency, but revenue and profit increased partly because fewer facilities were affected than in the same period of the previous year. The mail-order business, Light Up Shopping Club Co., Ltd., substantially increased its customer base amid growing stay-at-home demand, resulting in higher revenue and profit.」
While the effects of store closures, reduced operating hours, and stay-at-home demand continued, both the retail and mail-order businesses posted higher revenue and profit. - FY2022-Q1MitigatedAnnual report
「At Styling Life Group, the mail-order business, Light Up Shopping Club Co., Ltd., increased both its customer base and average spend per customer amid growing stay-at-home demand, resulting in higher revenue and profit. The core retail business, "PLAZA STYLE COMPANY," was forced to close stores and reduce operating hours following the declaration of a state of emergency, but revenue and profit increased partly because fewer facilities were affected than in the same period of the previous year.」
Although sluggish personal consumption, store closures, and shrinking inbound demand weakened the lifestyle business, the mail-order business increased its customer base and average spend per customer, while the retail business posted higher revenue and profit. - FY2021-Q3RestatedAnnual report
「At Styling Life Holdings Co., Ltd., sales recovered gradually and the mail-order business, "Light Up Shopping Club," posted higher revenue. However, the impact of temporary store closures and reduced operating hours at stores of the core retail business, "PLAZA STYLE COMPANY," was substantial, and profit declined despite efforts to reduce expenses through rigorous cost-cutting.」
Although sales were recovering and the mail-order business posted higher revenue, profit continued to decline because of the impact of temporary store closures and reduced operating hours. - FY2021-Q2RestatedAnnual report
「Styling Life Holdings Co., Ltd. worked to reduce expenses through rigorous cost-cutting as sales gradually began to recover after the government lifted the state of emergency. However, difficult conditions continued, particularly at stores in its core retail business, "PLAZA STYLE COMPANY," while inbound sales in its cosmetics business, "BCL COMPANY," fell sharply, resulting in lower revenue and profit.」
Although sales showed signs of recovery after the state of emergency was lifted, revenue and profit continued to decline because of difficult conditions in the store business and the sharp drop in inbound sales. - FY2021-Q1WorsenedAnnual report
「Styling Life Holdings Co., Ltd. was forced to temporarily close stores in its core retail business, "PLAZA STYLE COMPANY," following the government's declaration of a state of emergency in April. In addition, inbound sales in its cosmetics business, "BCL COMPANY," fell sharply, resulting in substantial declines in revenue and profit.」
Store closures under the state of emergency and the sharp decline in inbound sales translated into substantial declines in revenue and profit for the lifestyle business. - FY2020MaterialisedAnnual report
「However, revenue and profit declined as consumption fell after the consumption-tax increase and, more recently, the spread of COVID-19 had a severe impact on sales activities.」
The decline in personal consumption, the consumption-tax increase, and the impact of COVID-19 on sales activities translated into full-year declines in revenue and profit for the lifestyle business. - FY2019MaterialisedAnnual report
「Styling Life Group reported net sales of ¥71.96 billion for the consolidated fiscal year, up 2.6% year on year. The cosmetics business, led by continued strength in blockbuster products, drove growth, while the core retail business, "PLAZA STYLE COMPANY," also posted higher revenue as sales of cosmetics and apparel-related merchandise remained strong.」
It reports that annual revenue increased on the strength of blockbuster products, cosmetics, and apparel-related merchandise despite challenging personal consumption. - FY2019-Q3MaterialisedAnnual report
「The StylingLife Group achieved higher revenue and earnings. The core retail business, Plaza Style Company, performed poorly, particularly in miscellaneous goods, due to weak Christmas sales, but revenue increased as cosmetics and apparel remained strong. Profit also increased despite higher selling, general and administrative expenses.」
It states that the challenging personal-consumption environment was reflected in weak Christmas sales and sluggish general merchandise, but that strong cosmetics and apparel sales secured higher revenue and profit. - FY2017MaterialisedAnnual report
「The core retail business, Plaza Style Company, maintained sales at approximately the previous year's level, as strong cosmetics and miscellaneous-goods sales offset weak apparel sales amid the downturn in the apparel industry. Profit increased as the company worked to control costs.」
Weakness in consumer-related spending was reflected in the downturn in the apparel industry and weak apparel sales, while cosmetics and miscellaneous goods helped maintain revenue. - FY2017-Q3MaterialisedAnnual report
「The core retail business, Plaza Style Company, saw lower revenue as cosmetics sales remained firm but apparel and food performed poorly and consumer sentiment toward events such as Halloween and Christmas cooled.」
The weakness in consumer spending was reflected specifically in cooling consumer sentiment toward events and lower revenue in the retail business. - FY2017-Q2First statedAnnual report
「The StylingLife Group achieved lower revenue but higher earnings amid a challenging external environment, including weak consumer spending and shrinking inbound tourism demand.」
This is the first mention of weak consumer spending and shrinking demand from visitors to Japan as external factors affecting the StylingLife Group.