Changes in the Environment Surrounding the Retail Business
First written in FY2017-Q1. 16 of 31 entries say "Restated". Latest entry: FY2027-H1.
Tenmaya Store moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 23 of 36 companies on the "Worse" side.
22 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「In the retail industry, sales remained at a certain level despite the impact of price increases and other factors. However, the business environment remains challenging due to higher costs, including personnel and logistics expenses, as well as the persistent consumer preference for saving money.」
The Company reconfirms the challenging retail environment caused by inflation, rising labor and logistics costs, and consumers’ persistent preference for economizing. - 2026-10-07RestatedEarnings
「In the retail industry, sales remained at a certain level despite the impact of price increases and other factors. However, the business environment remains challenging due to higher costs, including personnel and logistics expenses, as well as the persistent consumer preference for saving money.」
The company has reaffirmed the challenging retail environment resulting from higher personnel, logistics and other costs and a persistent consumer preference for saving money. - FY2026-H1RestatedAnnual report
「In the retail industry, consumers' savings-oriented behavior remained firmly entrenched amid continued inflation, while personal consumption remained resilient.」
We are reaffirming the retail environment characterized by consumers' persistent savings-oriented behavior against the backdrop of inflation and resilient personal consumption. - FY2025RestatedAnnual report
「In the retail industry, successive price increases further strengthened consumers' savings-oriented and prudent spending behavior, while the difficult operating environment continued due to higher costs of various kinds and labor shortages.」
We are reaffirming the difficult retail environment resulting from consumers' savings-oriented and prudent spending behavior due to price increases, higher costs of various kinds, and labor shortages. - FY2025-H1RestatedAnnual report
「In addition, the impact of successive increases in product prices has left consumers persistently focused on prudent spending and saving.」
We are reaffirming the continuing persistence of consumers' prudent and savings-oriented mindset against the backdrop of product price increases. - FY2025-Q1RestatedAnnual report
「In the retail industry, consumers' focus on protecting their household finances has strengthened as a result of successive price increases, and retailers continue to be required to respond to their savings-oriented behavior.」
We are reaffirming the retail environment, where successive price increases have strengthened consumers' focus on protecting their household finances and saving, creating a need to respond to these trends. - FY2024WorsenedAnnual report
「In the retail industry, successive price increases also led to higher revenue, but the environment remained challenging due to lower demand for prepared food purchased for home consumption as opportunities to go out increased, poor sales of seasonal products amid a prolonged hot spell and a mild winter, and increasingly savings-oriented consumers.」
While acknowledging the revenue increase from price increases, the report identifies lower demand for prepared food purchased for home consumption, poor sales of seasonal products due to the prolonged hot spell and mild winter, and increasingly savings-oriented consumers as new burdens. - FY2024-Q3RestatedAnnual report
「In the retail industry, successive price increases have led to higher revenue, but consumers are increasingly focused on protecting their household finances, and retailers continue to be required to respond to their savings-oriented behavior.」
We are reaffirming the retail environment, where the earnings impact of successive price increases and the need to respond to consumers' focus on protecting their household finances and saving remain issues. - FY2024-Q2RestatedAnnual report
「Although personal consumption is showing signs of recovery as consumer foot traffic returns, consumers are increasingly focused on prudent spending and saving as product prices continue to rise one after another, and the environment remains challenging.」
While consumption is recovering as consumer foot traffic returns, we are reaffirming the increasingly prudent and savings-oriented consumer mindset driven by successive price increases, as well as the challenging consumption environment. - FY2024-Q1RestatedAnnual report
「In the retail industry, the environment remained challenging as price increases caused by inflation strengthened households' defensive spending stance and raised concerns about weaker consumer sentiment.」
The company reconfirms the continued challenging retail environment, citing the strengthening of households' defensive spending stance due to inflation and product price increases, and concerns about weaker consumer sentiment. - FY2023WorsenedAnnual report
「In the retail industry, food sales were affected by the reaction from last year's demand for at-home meals, while sales of apparel and daily necessities temporarily increased as customer traffic recovered following the lifting of restrictions and government economic measures boosted sales. However, the environment remained challenging as rising prices strengthened households' defensive spending stance.」
While sales of apparel and daily necessities temporarily increased, the company cites the reaction in food sales to demand for at-home meals and the defensive spending stance strengthened by inflation, stating that the challenging retail environment continues. - FY2023-Q3WorsenedAnnual report
「In the retail business, food sales were affected by the reaction from last year's demand for at-home meals and a succession of price increases resulting from surging raw-material costs. Sales of apparel and daily necessities increased on recovering customer traffic and stronger travel demand driven by government economic measures, but conditions remained challenging as customer traffic remained sluggish.」
Food sales were affected by the reaction from demand for at-home meals and price increases, while sales of apparel and daily necessities increased. However, customer traffic remained sluggish, and the challenging retail environment continued. - FY2023-Q2WorsenedAnnual report
「In the retail business, food sales were affected by the reaction from last year's demand for at-home meals, while demand for apparel and daily necessities showed signs of strengthening as customer traffic recovered. However, customer traffic had not returned to pre-pandemic levels, and conditions remained challenging.」
The company describes the continued challenging retail environment in terms of the reaction from demand for at-home meals, customer traffic remaining below pre-pandemic levels, and differences in demand by product category. - FY2023-Q1WorsenedAnnual report
「The retail industry continued to face challenging conditions as growth in demand for at-home meals slowed, prices rose due to surging raw-material costs, costs increased because of higher energy-resource prices such as crude oil and rising labor costs, and consumers' propensity to save due to concerns about the future became evident in their purchasing behavior.」
In addition to slowing growth in demand for at-home meals, the company cites increases in raw-material, energy, and labor costs and consumers' propensity to save, stating that the challenging retail environment continues. - FY2022-Q3RestatedAnnual report
「In the retail industry, stay-at-home consumption continued as consumer behavior changed during the COVID-19 pandemic, keeping sales of daily necessities firm. However, the situation remained challenging for products other than daily necessities, as demand contracted and sales opportunities declined due to store closures and reduced operating hours.」
The company reconfirms the retail environment in which sales of daily necessities remain firm due to stay-at-home consumption, while demand for other products continues to contract and sales opportunities decline due to store closures and reduced operating hours. - FY2022-Q2RestatedAnnual report
「In the retail industry, stay-at-home consumption continued due to voluntary restrictions on outings and travel, keeping sales of daily necessities firm. However, the situation remained challenging for products other than daily necessities, as demand contracted and sales opportunities declined due to store closures and reduced operating hours.」
The company reconfirms the retail environment in which sales of daily necessities remain firm due to stay-at-home consumption, while demand for other products continues to contract and sales opportunities decline due to store closures and reduced operating hours. - FY2022-Q1WorsenedAnnual report
「In the retail industry, differences in the impact of COVID-19 created disparities in performance among companies. In addition to adapting to changes in consumer behavior associated with the new normal, such as contactless and quick purchases, companies had to address consumers' propensity to save due to concerns about the future, further intensifying competition across industries and business formats during the pandemic.」
The company states that competition across industries and business formats “intensified further” as companies needed to adapt to the new normal and address consumers' propensity to save, while disparities in corporate performance also emerged. - FY2021WorsenedAnnual report
「In the retail industry, the normalization of new lifestyles caused by COVID-19 resulted in varying degrees of impact across industries and business formats, creating differences in corporate performance as companies responded to the new normal.」
The company states that new lifestyles became established, resulting in differences in impact by industry and business format and actual disparities in corporate performance. - FY2021-Q2WorsenedAnnual report
「The COVID-19 pandemic reduced customer traffic at large-format stores and demand for apparel and daily necessities, while at-home consumption and working from home increased demand for at-home meals, keeping food sales firm.」
The company describes a concrete shift in the demand structure: customer traffic at large-format stores and demand for apparel and daily necessities declined, while demand for at-home meals and food increased due to stay-at-home consumption and other factors. - FY2021-Q1WorsenedAnnual report
「In the retail business, the government's declaration of a state of emergency kept customers away from large-format stores and substantially reduced demand for apparel and home-related products. At the same time, demand for food and other at-home consumption increased due to stay-at-home consumption and working from home, while the COVID-19 pandemic further strengthened consumers' defensive spending stance.」
The company describes changes in the retail environment, with customer traffic at large-format stores and demand for apparel and home-related products declining, while demand for food and at-home consumption increased as consumers adopted a more defensive spending stance and stayed at home. - FY2020-Q3WorsenedAnnual report
「In addition, following the October consumption tax increase, consumers' defensive spending stance strengthened further amid signs of a pullback from last-minute demand, and personal consumption remained sluggish. In the company's trading area, differences in the benefits received by participating and non-participating stores under the cashless payment points program also emerged, creating disparities in competition.」
In addition to sluggish personal consumption caused by the reaction following the consumption tax increase, the company describes competitive disparities within its trading area arising from the cashless payment points program, indicating broader concerns about the retail environment. - FY2020-Q2WorsenedAnnual report
「In addition, with a consumption tax increase scheduled for October, consumers' defensive spending stance strengthened further, and personal consumption remained sluggish.」
The company describes a further strengthening of consumers' defensive spending stance ahead of the consumption tax increase and persistently sluggish personal consumption, indicating growing concerns about the consumption environment surrounding the retail business. - FY2019WorsenedAnnual report
「The retail industry continued to face an extremely challenging business environment as competition intensified across business categories and formats, the propensity to save remained entrenched, and personal consumption remained stagnant. In addition, labor and logistics costs rose against the backdrop of a serious labor shortage, while utility costs and raw-material prices also surged.」
In addition to intensifying competition, a propensity to save, and stagnant personal consumption, the company cites rising labor, logistics, utility, and raw-material costs, describing the retail environment as “extremely challenging.” - FY2019-Q3RestatedAnnual report
「In addition, personal consumption remained stagnant, with the recovery still stalled amid an entrenched propensity to save.」
The company continues to describe the consumption environment surrounding the retail business in terms of an entrenched propensity to save and stagnant personal consumption. - FY2019-Q2RestatedAnnual report
「In addition, personal consumption remained stagnant, with the recovery still stalled amid an entrenched propensity to save.」
The company continues to describe the consumption environment surrounding the retail business in terms of an entrenched propensity to save and stagnant personal consumption. - FY2018Retail environment risks reiteratedAnnual report
「The retail industry continued to face a challenging business environment, with an entrenched propensity to save and sluggish personal consumption, as well as rising labor costs due to labor shortages.」
The company again explicitly describes the retail environment, which had received less specific mention in the previous quarter, as challenging due to an entrenched propensity to save, sluggish personal consumption, and rising labor costs. - FY2018-Q3DroppedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
This filing contains no specific references to the consumption environment surrounding the retail business, including disposable income, a propensity to save, and weak personal consumption, which had been discussed through the previous quarter. - FY2018-Q2RestatedAnnual report
「Personal consumption remained unable to show a tangible recovery amid sluggish growth in disposable income and an ongoing entrenched propensity to save.」
The company continues to describe the consumption environment surrounding the retail business in terms of sluggish disposable income, a propensity to save, and weak personal consumption. - FY2017-Q3RestatedAnnual report
「Personal consumption remained stagnant under the impact of unsettled weather and an entrenched propensity to save.」
The company reconfirms that personal consumption has remained stagnant in the consumption environment surrounding the retail business. - FY2017-Q2RestatedAnnual report
「Personal consumption remained stagnant.」
The company reconfirms that personal consumption remains stagnant in the consumption environment surrounding the retail business. - FY2017-Q1First statedAnnual report
「As changes in the environment surrounding the retail business are expected」
The company cites future changes in the retail business environment as the background to the absorption-type merger.