Risk of weaker consumer spending and customer attrition due to inflation and rising prices
First written in FY2023-Q1. 2 of 4 entries say "Worsened", first in FY2023-Q2. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2020: 18 of 22 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「Meanwhile, the business environment surrounding the Group’s customers has become even more uncertain due to outbreaks of influenza and other illnesses, yen depreciation, rising prices and severe labor shortages.」
The impact of yen depreciation and rising prices on customers’ purchasing environment, along with labor shortages, continues to be described as a source of uncertainty. - FY2023-Q3WorsenedAnnual report
「Higher consumer prices are dampening consumers’ willingness to purchase, and the business environment surrounding customers has become increasingly uncertain.」
The Company states that weaker consumer purchasing sentiment due to rising prices and deterioration in customers’ business environment are continuing and becoming more pronounced. - FY2023-Q2WorsenedAnnual report
「Rising prices are causing consumers to defer purchases and dampening their willingness to spend, raising concerns that business customers may lose customers. In addition, the business environment surrounding customers is becoming increasingly uncertain due to labor shortages and rising wages.」
In addition to concerns that business customers may lose customers as consumers defer purchases and reduce spending amid rising prices, labor shortages and rising wages are becoming increasingly significant risk factors. - FY2023-Q1First statedAnnual report
「Rising prices are dampening consumers’ willingness to spend, and the business environment surrounding customers has become uncertain, with concern that business customers may lose customers.」
The Company describes the possibility that global inflation and rising prices driven by yen depreciation could dampen consumer spending and lead business customers to lose customers as a new risk.