Deterioration in Consumer Sentiment and Decline in Sales Due to Consumption Tax Rate Increase
First written in FY2020-Q1. 8 of 10 entries say "Restated". Latest entry: FY2024-Q2.
The whole theme swung hardest in 2020: 5 of 11 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, there were no significant changes in the matters described in the quarterly report concerning business conditions and financial information that could materially affect investors’ decisions, or in the business risks described in the securities report for the previous fiscal year.」
It states that there have been no significant changes in existing business and other risks, including lower consumer sentiment and sales following the consumption tax rate increase. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no significant changes in existing business and other risks, including lower consumer sentiment and sales following the consumption tax rate increase. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no significant changes in existing business and other risks, including lower consumer sentiment and sales following the consumption tax rate increase. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no significant changes in existing business and other risks, including lower consumer sentiment and sales following the consumption tax rate increase. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no significant changes in existing business and other risks, including lower consumer sentiment and sales following the consumption tax rate increase. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no significant changes in existing business and other risks, including lower consumer sentiment and sales following the consumption tax rate increase. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no significant changes in existing business and other risks, including lower consumer sentiment and sales following the consumption tax rate increase. - FY2020MaterialisedAnnual report
「The consolidated fiscal year began against a backdrop of lower consumer sentiment following the front-loaded demand before the consumption tax increase in October 2019.」
It states that the decline in consumer sentiment following the consumption tax rate increase had materialized in the operating environment for the consolidated fiscal year. - FY2020-Q3RestatedAnnual report
「Amid concerns over lower private consumption due to the consumption tax increase, trade friction stemming from US protectionist policies and the slowdown in the Chinese economy」
The decline in private consumption caused by the consumption tax increase continues to be cited, alongside trade friction and the slowdown in the Chinese economy, as an economic concern. - FY2020-Q1First statedAnnual report
「Although return rates for books and magazines declined, sales decreased due to the lower number of new titles, new-title copies and reprint titles than in the previous fiscal year, as well as the impact of the consumption tax rate increase.」
It states for the first time in a separate disclosure that the consumption tax rate increase was a factor behind the decline in sales and that its impact had appeared in actual results.