Weak Private Consumption Due to an Economic Downturn and an Increase in the Consumption Tax Rate
First written in FY2016. 10 of 19 entries say "Worsened", first in FY2021-Q2. Latest entry: FY2026.
Tokyo Theatres Company 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: 16 of 21 companies on the "Worse" side.
6 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「During the year, economic activity showed signs of a gradual recovery, supported by continued wage increases and improvements in the employment and income environment. However, the outlook is expected to remain uncertain due to the transition of domestic interest rates into an upward phase and soaring crude oil and raw material prices against the backdrop of heightened tensions in the Middle East.」
Although the economy showed signs of recovery, rising domestic interest rates, the situation in the Middle East and soaring crude oil and raw material prices were identified as new sources of uncertainty. - FY2026-H1WorsenedAnnual report
「The outlook remains uncertain due to the risk of an economic downturn resulting from the impact of U.S. trade policy and the impact on personal consumption of continued price increases, among other factors.」
In addition to the existing risk of sluggish personal consumption, an economic downturn resulting from U.S. trade policy and continued price increases were identified as concerns for personal consumption. - FY2024WorsenedAnnual report
「Meanwhile, the outlook for companies is expected to remain uncertain because rising prices and worsening labor shortages are likely to continue, while the recovery in demand following the end of the COVID-19 pandemic, which had contributed to the economic recovery, appears to have run its course.」
In addition to rising prices and labor shortages, the possibility that the recovery in demand following the end of the COVID-19 pandemic has run its course was identified as a new concern. - FY2024-Q2WorsenedAnnual report
「Meanwhile, the outlook remains extremely uncertain as soaring resource and material prices resulting from the prolonged situation in Ukraine and the risk of a downturn in overseas economies caused by global monetary tightening have been compounded by rising prices due to the depreciation of the yen and heightened tensions in the Middle East.」
In addition to the existing concerns about soaring resource and raw material prices and the risk of a downturn in overseas economies, rising prices caused by the depreciation of the yen and heightened tensions in the Middle East were added as concerns. - FY2023WorsenedAnnual report
「During the year, the economy recovered gradually as measures to contain COVID-19 and the easing of restrictions progressed in parallel and social and economic activity moved toward normalization. Although concerns remain about rising prices, worsening labor shortages and a downturn in overseas economies, business activity is expected to become more vigorous following the reclassification of COVID-19 as a Class 5 disease under the Infectious Diseases Control Law.」
Although economic activity continued to normalize, rising prices, worsening labor shortages and a downturn in overseas economies were identified as new major concerns. - FY2023-Q3RestatedAnnual report
「During the quarter-to-date period, the economy recovered gradually as measures to contain COVID-19 and the easing of restrictions progressed in parallel and social and economic activity moved toward normalization. However, the outlook remains extremely uncertain, with concerns including soaring resource and raw material prices, supply constraints, worsening labor shortages and the risk of a downturn in overseas economies caused by global monetary tightening.」
Although social and economic activity continued to normalize, concerns about soaring resource and raw material prices, supply constraints, labor shortages and a downturn in overseas economies continued. - FY2023-Q2WorsenedAnnual report
「During the quarter-to-date period, the economy recovered gradually as measures to contain COVID-19 and the easing of restrictions progressed in parallel and social and economic activity moved toward normalization. However, the outlook remains extremely uncertain, with concerns including soaring resource and raw material prices, supply constraints, worsening labor shortages and the risk of a downturn in overseas economies caused by global monetary tightening.」
Although social and economic activity continued to normalize, soaring resource and raw material prices, supply constraints, worsening labor shortages and a downturn in overseas economies caused by global monetary tightening were identified as concerns. - FY2022WorsenedAnnual report
「During the year, Japan's economy showed signs of a gradual recovery, but the outlook remained uncertain amid concerns about soaring raw material prices and the spread of COVID-19 variants.」
Although the economy showed signs of recovery, soaring raw material prices and the spread of variants were emphasized as new downside factors. - FY2022-Q3WorsenedAnnual report
「During the quarter-to-date period, Japan's economy showed signs of recovery after the state of emergency was lifted, but the outlook remains uncertain amid concerns about soaring raw material prices and the rapid spread of COVID-19 variants.」
Although the economy showed signs of recovery, soaring raw material prices and the rapid spread of COVID-19 variants were explicitly identified as new concerns. - FY2022-Q2RestatedAnnual report
「During the quarter-to-date period, Japan's economy is expected to recover, supported by the effects of various economic measures and the expected progress in vaccinations, even as the impact of COVID-19 continues for an extended period. However, the outlook remains uncertain, with concerns about the impact of COVID-19 infection trends in Japan and overseas, fluctuations in financial markets and other factors.」
Although a recovery driven by economic measures and vaccinations is also expected, concerns about the prolonged pandemic, infection trends and financial market volatility continue. - FY2022-Q1RestatedAnnual report
「During the quarter, Japan's economy is expected to recover, supported by the effects of various economic measures and the expected progress in vaccinations, even as the impact of COVID-19 continues for an extended period. However, the outlook remains uncertain, with concerns that the recent resurgence of infections will adversely affect the economy.」
Although a recovery is expected as a result of economic measures and vaccinations, concerns remain about the adverse effects on the economy of the prolonged pandemic and a resurgence of infections. - FY2021RestatedAnnual report
「Our Group conducts business activities primarily for individual customers. Accordingly, if personal consumption stagnates due to an economic downturn or an increase in the consumption tax rate, the Group's results of operations and financial condition may be affected.」
The risk of an impact on results of operations and financial condition from sluggish personal consumption continues to be disclosed. - FY2021-Q3WorsenedAnnual report
「During the quarter-to-date period, Japan's economy deteriorated rapidly as social and economic activity was significantly restricted by the spread of COVID-19. Although the resumption of social and economic activity proceeded in stages and economic sentiment showed signs of recovery, the outlook remains uncertain, with concerns including a downturn caused by a resurgence of COVID-19 infections.」
The deterioration in economic conditions resulting from restrictions on social and economic activity continued, and the risk of a downturn caused by a resurgence of infections was explicitly identified. - FY2021-Q2WorsenedAnnual report
「During the quarter-to-date period, Japan's economy deteriorated rapidly as social and economic activity was significantly restricted by the spread of COVID-19. Although the resumption of social and economic activity proceeded in stages and signs of recovery have recently emerged, the number of COVID-19 cases in Japan has been trending upward, and the outlook remains uncertain, with concerns including the risk of a downturn caused by a resurgence of infections.」
The deterioration in economic conditions resulting from restrictions on social and economic activity materialized, while the risk of an economic downturn caused by a resurgence of infections was newly emphasized. - FY2021-Q1MaterialisedAnnual report
「During the quarter, Japan's economy was in an extremely difficult situation as social and economic activity stagnated due to the spread of COVID-19, including the impact of requests to refrain from going out and suspend business operations.」
The stagnation of social and economic activity resulting from requests to refrain from going out and suspend business operations materialized, indicating a deterioration in the environment surrounding personal consumption. - FY2020-Q3MaterialisedAnnual report
「Revenue from the resale of renovated used condominiums declined year on year because the number of units sold failed to grow amid rising market prices and weaker consumer sentiment following the consumption tax rate increase.」
The cooling of consumer sentiment following the consumption tax rate increase became evident in the sluggish growth in sales of refurbished used condominiums and the resulting decline in revenue. - FY2017RestatedAnnual report
「If personal consumption stagnates due to economic deterioration, a higher consumption tax rate or other factors, the performance and financial condition of the Group may be affected.」
The risk of weak personal consumption due to economic deterioration and a higher consumption tax rate continues to be disclosed as a risk item. - FY2017-Q1MaterialisedAnnual report
「However, export profitability has deteriorated due to the stronger yen and personal consumption has stagnated, leaving the outlook uncertain.」
The disclosure describes stagnating personal consumption and worsening conditions due to the stronger yen as developments that are actually being observed. However, the statement alone does not say that these factors have directly affected the company's performance. - FY2016First statedAnnual report
「If personal consumption stagnates due to economic deterioration, a higher consumption tax rate or other factors, the performance and financial condition of the Group may be affected.」
External-environment risk associated with a business structure primarily targeting individual customers.