Impact on Performance from Economic Slowdown and Consumers’ Emphasis on Saving
First written in FY2016. 17 of 30 entries say "Restated". Latest entry: 2026-08-17.
M・H・GROUP LTD. 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 2020: 53 of 68 companies on the "Worse" side.
28 other companies' latest entry also says "Restated".
- FY2025WorsenedAnnual report
「Although personal consumption had begun to recover gradually, signs of slowing consumption emerged, including a growing preference for saving against the backdrop of continued price increases and weakening consumer sentiment.」
While indicating a recovery trend in personal consumption, the report newly cites a preference for saving due to rising prices, weakening consumer sentiment and slowing consumption. - FY2024-Q3RestatedAnnual report
「In the consumption environment, although personal consumption continued to show signs of recovery as opportunities to go out increased, a growing preference for saving against the backdrop of rising prices was also observed.」
The report continues to describe the coexistence of a recovery in personal consumption and consumers’ preference for saving against the backdrop of rising prices. - FY2024-Q2RestatedAnnual report
「In the consumption environment, although personal consumption continued to show signs of recovery as opportunities to go out increased, a growing preference for saving against the backdrop of rising prices was also observed.」
The report continues to describe the coexistence of a recovery in personal consumption and consumers’ preference for saving against the backdrop of rising prices. - FY2024-Q1RestatedAnnual report
「However, uncertainty about the outlook continued due to downside risks from a slowdown in the global economy, including soaring resource prices and global inflationary pressures resulting from the prolonged situation involving Russia and Ukraine. In the consumption environment, although personal consumption continued to show signs of recovery as opportunities to go out increased, a growing preference for saving against the backdrop of rising prices was also observed.」
While social and economic activity and personal consumption continued to recover, the report continued to cite downside risks from soaring resource prices, inflation and a slowdown in the global economy, as well as a preference for saving. - FY2023Economic recovery coexists with a preference for saving and downside risksAnnual report
「Although personal consumption continued to show signs of recovery as opportunities to go out increased, a growing preference for saving against the backdrop of rising prices was also observed.」
The report describes the coexistence of a recovery in personal consumption and consumers’ preference for saving against the backdrop of rising prices. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended 31 December, as the impact of COVID-19 continued for an extended period, the shift toward living with COVID-19 progressed and an economic recovery was expected. However, uncertainty about the outlook continued due to downside risks from a slowdown in the global economy caused by soaring resource prices resulting from the prolonged situation involving Russia and Ukraine, as well as global inflationary pressures.」
While expectations for an economic recovery are cited as the shift toward living with COVID-19 progresses, the report continues to describe soaring resource prices, global inflationary pressures and downside risks from a slowdown in the global economy. - FY2023-Q2WorsenedAnnual report
「During the six-month period ended 30 September, as the impact of COVID-19 continued for an extended period, the shift toward living with COVID-19 progressed and an economic recovery was expected. However, uncertainty about the outlook continued due to downside risks from a slowdown in the global economy caused by soaring resource prices resulting from the prolonged situation involving Russia and Ukraine, as well as global inflationary pressures.」
While expectations for an economic recovery are indicated as the shift toward living with COVID-19 progresses, the report additionally cites soaring resource prices, global inflationary pressures and downside risks from a slowdown in the global economy, with uncertainty about the outlook continuing. - FY2023-Q1Uncertainty about the outlook coexists with signs of recoveryAnnual report
「During the three-month period ended 30 June, the Japanese economy remained uncertain due to the spread of COVID-19 variants, soaring resource prices resulting from the situation involving Russia and Ukraine, and the continuing rapid depreciation of the yen. However, signs of an economic recovery have emerged as measures to prevent the spread of infections and vaccinations have been promoted in Japan and overseas, and Japan’s border-control measures have been eased.」
While uncertainty continues due to variant strains, soaring resource prices and the rapid depreciation of the yen, the report also describes signs of an economic recovery resulting from measures to prevent the spread of infections and the easing of border-control measures. - FY2022WorsenedAnnual report
「Due to the spread of COVID-19 variants, soaring resource prices resulting from the situation involving Russia and Ukraine, and the rapid depreciation of the yen, the operating environment is expected to remain uncertain for the foreseeable future.」
In addition to the previous impact of the pandemic, the report adds the situation involving Russia and Ukraine, soaring resource prices and the rapid depreciation of the yen as factors contributing to uncertainty about the outlook. - FY2022-Q3WorsenedAnnual report
「During the nine-month period ended 31 December, while efforts were required to balance preventing the spread of COVID-19 with economic activity, infections with the Omicron variant of COVID-19 became pronounced, and restrictions urging people to refrain from going out continued, including through the implementation of priority preventive measures to prevent the spread of disease. As a result, uncertainty about the economic outlook remained.」
Uncertainty about the economic outlook continues due to the pronounced spread of the Omicron variant and the continued restrictions urging people to refrain from going out. - FY2022-Q2Easing of restrictions on movement and the spread of variant strains coexistAnnual report
「As the impact of the prolonged COVID-19 pandemic continued, restrictions on movement were eased following the lifting of the state of emergency, and momentum toward normalizing consumption activity was building. However, the rapid spread of variant strains meant that uncertainty about the economic outlook remained.」
While restrictions on movement were eased and consumption began to normalize following the lifting of the state of emergency, uncertainty about the economic outlook continued due to the rapid spread of variant strains. - FY2022-Q1WorsenedAnnual report
「During the three-month period ended 30 June, the Japanese economy remained stagnant due to the global spread of COVID-19 and the arrival of the so-called fourth wave. After the state of emergency was lifted, most regions transitioned to priority preventive measures to prevent the spread of disease, while variant strains spread rapidly, and the economic outlook remained uncertain.」
The report explains that economic stagnation and uncertainty about the economic outlook continue due to the fourth wave, priority preventive measures to prevent the spread of disease, and the rapid spread of variant strains. - FY2021WorsenedAnnual report
「In the beauty industry in which our Group operates, the number of salon visitors had begun to recover, but the decline in visitors caused by the state of emergency reissued in January 2021 was pronounced, and recovery to pre-pandemic conditions is expected to take time.」
The report states that, even after the number of salon visitors had begun to recover, the decline became pronounced following the state of emergency in January 2021, and recovery to the previous level is expected to take time. - FY2021-Q3WorsenedAnnual report
「In the beauty industry in which our Group operates, the number of salon visitors had begun to recover, but the decline in visitors caused by the state of emergency reissued in January 2021 was pronounced, and recovery to pre-pandemic conditions is expected to take time.」
The report states that although the number of salon visitors had begun to recover, the decline became pronounced following the reissuance of the state of emergency in January 2021, and recovery to the previous level is expected to take time. - FY2021-Q2WorsenedAnnual report
「During the six-month period ended 30 September, the Japanese economy remained in a severe situation, with corporate earnings and employment conditions deteriorating due to the global spread of COVID-19. Although economic activity has been gradually restored since the state of emergency was lifted in May 2020, concerns about a resurgence and prolonged spread of infections have not been dispelled, and the economic outlook remains uncertain.」
The report continues to describe the difficult economic environment and uncertainty about the outlook, citing continued deterioration in corporate earnings and employment conditions, as well as lingering concerns about a resurgence and prolonged spread of infections. - FY2020-Q3WorsenedAnnual report
「During the nine-month period ended 31 December, the Japanese economy was on a gradual recovery path, with improvements seen in employment conditions, the income environment and corporate earnings. However, in addition to damage caused by a succession of natural disasters in Japan, uncertainty in overseas economies, developments in trade issues and growing geopolitical concerns, the economic impact of the global spread of COVID-19 has been worsening daily, further increasing uncertainty about the outlook.」
The report states that, in addition to the existing economic uncertainty, the impact of the global spread of COVID-19 has worsened, further increasing uncertainty about the outlook. - FY2019RestatedAnnual report
「In the beauty industry in which our Group operates, customers’ preference for saving, driven in part by concerns about the future, has had a significant impact, resulting in longer intervals between visits and intensifying competition among salons as the number of low-priced salons increases.」
The report continues to cite customers’ preference for saving, longer intervals between visits, and intensifying competition due to the increase in low-priced salons. - FY2019-Q2RestatedAnnual report
「In the beauty industry in which our Group operates, customers’ preference for saving, driven in part by concerns about the future, has had a significant impact, resulting in longer intervals between visits and intensifying competition among salons as the number of low-priced salons increases.」
The report continues to cite customers’ preference for saving, longer intervals between visits, and intensifying competition due to the increase in low-priced salons. - FY2019-Q1RestatedAnnual report
「In the beauty industry in which our Group operates, customers’ preference for saving, driven in part by concerns about the future, has had a significant impact, resulting in longer intervals between visits and intensifying competition among salons as the number of low-priced salons increases.」
The report continues to cite customers’ preference for saving, longer intervals between visits, and intensifying competition due to the increase in low-priced salons. - FY2018RestatedAnnual report
「Customers’ preference for saving, driven in part by concerns about the future, has had a significant impact, resulting in longer intervals between visits and intensifying competition among salons as the number of low-priced salons increases.」
Customers' preference for saving, longer intervals between visits, and intensified competition due to the increase in low-price salons remain concerns for business performance. - FY2018-Q3RestatedAnnual report
「In the beauty industry in which our Group operates, customers’ preference for saving, driven in part by concerns about the future, has had a significant impact, resulting in longer intervals between visits and intensifying competition among salons as the number of low-priced salons increases.」
Customers' preference for saving, longer intervals between visits, and intensified competition due to the increase in low-price salons remain concerns for business performance. - FY2018-Q2RestatedAnnual report
「In the beauty industry in which our Group operates, customers’ preference for saving, driven in part by concerns about the future, has had a significant impact, resulting in longer intervals between visits and intensifying competition among salons as the number of low-priced salons increases.」
Customers' preference for saving, longer intervals between visits, and intensified competition due to the increase in low-price salons remain concerns for business performance. - FY2018-Q1RestatedAnnual report
「In the beauty industry in which our Group operates, customers’ preference for saving, driven in part by concerns about the future, has had a significant impact, resulting in longer intervals between visits and intensifying competition among salons as the number of low-priced salons increases.」
Customers' preference for saving, longer intervals between visits, and intensified competition due to the increase in low-price salons remain concerns for business performance. - FY2017RestatedAnnual report
「In the beauty industry in which the Group operates, customers' preference for saving, driven by anxiety about the future and other factors, has had a considerable impact, as reflected in longer intervals between visits. At the same time, competition among salons has intensified as the number of low-price salons has increased.」
Customers' preference for saving, longer intervals between visits, and intensified competition due to the increase in low-price salons remain concerns for business performance. - FY2017-Q3RestatedAnnual report
「Customers' preference for saving, driven by anxiety about the future and other factors, has had a considerable impact, as reflected in longer intervals between visits. At the same time, competition among salons has intensified as the number of low-price salons has increased.」
Customers' preference for saving, longer intervals between visits, and intensified competition due to the increase in low-price salons remain concerns for business performance. - FY2017-Q2RestatedAnnual report
「Customers' preference for saving, driven by anxiety about the future and other factors, has had a considerable impact, as reflected in longer intervals between visits. At the same time, competition among salons has intensified as the number of low-price salons has increased.」
Customers' preference for saving, longer intervals between visits, and intensified competition due to the increase in low-price salons remain concerns for business performance. - FY2017-Q1RestatedAnnual report
「Customers' preference for saving, driven by anxiety about the future and other factors, has had a considerable impact, as reflected in longer intervals between visits. At the same time, competition among salons has intensified as the number of low-price salons has increased.」
Customers' preference for saving and longer intervals between visits have continued, while competition has also intensified due to the increase in low-price salons. - FY2016First statedAnnual report
「Although employment conditions have improved, sluggish wage growth has strengthened consumers' preference for saving, and personal consumption has yet to achieve a full-scale recovery.」
The disclosure describes how sluggish wage growth and consumers' preference for saving are restraining the frequency of visits and sales growth.