Impact on Performance from Domestic Demand, Economic Conditions, Competition, and Weather Volatility
First written in FY2016. 17 of 29 entries say "Worsened", first in FY2018. Latest entry: FY2026.
Charle moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2025: 12 of 19 companies on the "Worse" side.
5 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Japan's economy during the consolidated fiscal year under review followed a moderate recovery trend, supported by improvements in employment and income conditions. At the same time, the outlook remains uncertain due to soaring raw-material prices and energy costs amid unstable international conditions, including the impact of U.S. trade policies and the situation in the Middle East. In industries related to the Group's businesses, concern about protecting household finances has intensified and a preference for thrift is becoming entrenched, raising concerns about sluggish consumption.」
U.S. trade policies, the situation in the Middle East, soaring raw-material prices and energy costs, heightened concern about protecting household finances, and a preference for thrift have been additionally noted as external factors affecting business performance. - 2026-05-14WorsenedRevision of earnings forecasts
「The outlook remains uncertain due to soaring raw-material prices and energy costs resulting from an unstable international situation, including the trade policies of the United States and the situation in the Middle East. In industries related to the Group, consumers are increasingly focused on protecting their household finances and maintaining a frugal lifestyle, raising concerns about sluggish consumption.」
The company identified the U.S. trade policies and situation in the Middle East, higher raw-material and energy costs, and consumers' focus on protecting household finances and frugality as external factors, and expressed concern about sluggish consumption. - FY2026-H1WorsenedAnnual report
「Risks also remain, including some apparent effects from U.S. tariff policies and weaker consumer sentiment due to prolonged inflation, and the outlook therefore remains uncertain. In industries related to the Group's businesses, heightened concern about protecting household finances and a preference for thrift are also cause for concern.」
In addition to the existing concerns over inflation and deteriorating consumer sentiment, the impact of U.S. tariff policies, heightened concern about protecting household finances, and a preference for thrift are noted as concerns in the external environment. - FY2025WorsenedAnnual report
「In the ladies' innerwear sales business, prolonged geopolitical instability has led to management challenges that are having a significant impact on business performance, including higher cost of sales due to soaring raw-material and energy prices, and declining consumer sentiment due to inflation driven in part by the yen's depreciation against foreign currencies.」
In addition to the traditionally challenging demand and competitive environment, geopolitical instability, soaring raw-material and energy prices, and inflation and weaker consumer sentiment resulting from the yen's depreciation have emerged as specific management challenges for the current fiscal year. - FY2024-Q3RestatedAnnual report
「At the same time, the outlook for the economy remains uncertain due to unstable foreign exchange markets and soaring raw-material prices.」
The uncertainty in the external environment caused by unstable foreign exchange markets and soaring raw-material prices continues to be noted. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter of the consolidated fiscal year under review, Japan's economy showed signs of a gradual recovery as various activity restrictions were eased following the reclassification of COVID-19. However, the economic outlook remained uncertain due to soaring global raw material prices and sharp fluctuations in foreign exchange rates.」
While there are signs of an economic recovery following the easing of activity restrictions, uncertainty persists due to soaring raw-material prices and sharp exchange-rate fluctuations. - FY2023RestatedAnnual report
「However, changes in Japan's economic and consumer trends, intensifying competition with competitors, the leveling off of demand as products become more widely adopted, abnormal weather and changes in consumer preferences may increase the risk of errors in demand forecasts. This could lead to greater inventory losses from poor sales and greater losses of sales opportunities, affecting the Group's business results.」
The disclosure continues to identify the risk that domestic economic and consumer trends, competition, the leveling off of demand, weather and changes in consumer preferences, and errors in demand forecasts may lead to inventory losses and losses of sales opportunities. - FY2023-Q3WorsenedAnnual report
「During the cumulative third quarter of the consolidated fiscal year under review, social and economic activity, which had been restricted by COVID-19, gradually normalized. However, inflationary pressure increased due to soaring energy and raw material prices against a backdrop of prolonged turmoil in global affairs. Monetary tightening by countries around the world led to a depreciation of the yen and higher import costs, while in Japan consumer sentiment deteriorated rapidly as rising wages failed to keep pace with sharply rising prices and concerns about household finances increased. The outlook therefore remained uncertain.」
The disclosure states that, in addition to soaring energy and raw material prices, a weaker yen and higher import costs, rising wages have failed to keep pace with rising prices and consumer sentiment has deteriorated rapidly, providing further detail on the challenging domestic demand and economic environment. - FY2023-Q2WorsenedAnnual report
「During the cumulative second quarter of the consolidated fiscal year under review, social and economic activity was gradually normalizing despite the impact of COVID-19, while inflationary pressure increased due to soaring energy and raw material prices against a backdrop of prolonged turmoil in global affairs. In addition, accelerated monetary tightening by countries around the world led to a rapid depreciation of the yen and higher import costs. In Japan, consumer sentiment deteriorated as concerns about household finances increased, and the outlook remained extremely uncertain.」
The disclosure identifies soaring energy and raw material prices, monetary tightening, a rapid depreciation of the yen, higher import costs and deteriorating consumer sentiment, stating that uncertainty and challenging conditions continue in domestic demand and the economic environment. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter of the consolidated fiscal year under review, social and economic activity was gradually normalizing as restrictions related to COVID-19 were eased. However, soaring crude oil and raw material prices against a backdrop of turmoil in global affairs and a sharp depreciation of the yen left the outlook for social and economic activity uncertain, with concerns about a recovery continuing.」
While restrictions related to COVID-19 were eased, the disclosure identifies soaring crude oil and raw material prices against a backdrop of turmoil in global affairs and a sharp depreciation of the yen as new factors worsening the external environment. - FY2022WorsenedAnnual report
「However, changes in Japan's economic and consumer trends, intensifying competition with competitors, the leveling off of demand as products become more widely adopted, abnormal weather and changes in consumer preferences may increase the risk of errors in demand forecasts. This could lead to greater inventory losses from poor sales and greater losses of sales opportunities, affecting the Group's business results.」
The disclosure expressly identifies domestic economic and consumer trends, competition, the leveling off of demand as products become widely adopted, weather, changes in consumer preferences and errors in demand forecasts as factors that may lead to inventory losses and losses of sales opportunities. - FY2021WorsenedAnnual report
「In the women's lingerie market, the online sales ratio is rising, but the operating environment surrounding the Company remains challenging due to restrictions on business activities and prolonged weakness in personal consumption resulting from requests to suspend operations, requests to refrain from going out and changes in lifestyles.」
In addition to the expansion of online sales and changes in lifestyles, the disclosure describes restrictions on business activities due to requests to suspend operations and refrain from going out, as well as prolonged weakness in personal consumption, indicating that the domestic demand environment remains challenging. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter of the consolidated fiscal year under review, Japan's economy remained challenging as the impact of COVID-19 continued for an extended period. Economic activity, which had stagnated while measures were taken to prevent the spread of infection, gradually resumed and showed signs of recovery, but infections continued to spread again. Overseas, concerns about developments in the pandemic and volatility in financial and capital markets also continued, leaving conditions uncertain and challenging. In Japan's women's lingerie market, consumer sentiment showed some signs of recovery, but the operating environment remained challenging.」
The disclosure describes the prolonged impact of COVID-19 and the repeated resurgence of infections. Challenging conditions continued in the domestic economy, overseas environment and women's lingerie market. - FY2021-Q1MaterialisedAnnual report
「In Japan's women's lingerie market, personal consumption declined sharply due to the government's declaration of a state of emergency and requests to refrain from going out, and the extremely challenging operating environment continues.」
The risk of declining domestic demand and personal consumption actually materialized as a sharp decline in personal consumption due to the state of emergency declaration and requests to refrain from going out. - FY2020WorsenedAnnual report
「In Japan's women's lingerie market, personal consumption had begun to show signs of recovery, but the operating environment surrounding the Company is becoming even more challenging due to the consumption tax increase and concerns that COVID-19 could slow personal consumption.」
In addition to the previously identified tendency to economize and market competition, the disclosure cites the consumption tax increase and concerns that COVID-19 could slow personal consumption, stating that the domestic demand environment has become even more challenging. - FY2020-Q3WorsenedAnnual report
「During the cumulative third quarter under review, Japan's economy continued to recover gradually, supported by improvements in employment and income conditions and the effects of various policies. However, the outlook remained uncertain due to overseas economic trends, including developments concerning trade issues and the UK's withdrawal from the EU, and volatility in financial and capital markets. In Japan's women's lingerie market, personal consumption is showing signs of recovery, but consumers remain strongly inclined to economize and protect their household finances. The operating environment surrounding the Company is becoming increasingly challenging, including concerns that a consumption tax rate increase could weaken personal consumption.」
The disclosure identifies overseas economic trends, volatility in financial and capital markets, and the UK's withdrawal from the EU as concerns. In Japan, it cites consumers' inclination to economize and protect their household finances and concerns that a consumption tax rate increase could weaken personal consumption, continuing to indicate a challenging operating environment. It does not indicate that the risks have actually materialized. - FY2020-Q2WorsenedAnnual report
「During the cumulative second quarter under review, Japan's economy remained on a path of gradual recovery as corporate earnings and employment conditions continued to improve. However, amid the growing severity of trade issues between the United States and China, concerns over China's economic outlook, uncertainty regarding overseas economic trends and policies, and volatility in financial and capital markets left the outlook uncertain. In Japan's women's lingerie market, personal consumption is showing signs of recovery, but consumers remain strongly inclined to economize and protect their household finances. The operating environment surrounding the Company is becoming increasingly challenging, including concerns that a consumption tax rate increase could weaken personal consumption.」
In addition to the growing severity of US-China trade issues, uncertainty regarding the Chinese and overseas economies, and volatility in financial and capital markets, the disclosure identifies concerns that a consumption tax rate increase could weaken personal consumption, broadening the uncertainty and severity of the external and domestic demand environments. - FY2020-Q1WorsenedAnnual report
「During the cumulative first quarter under review, Japan's economy remained on a path of gradual recovery as corporate earnings and employment conditions continued to improve. However, the outlook remained uncertain due to the intensification of trade issues, uncertainty regarding China's economic outlook and overseas economic trends and policies, and the impact of volatility in financial and capital markets.」
The disclosure identifies the intensification of trade issues, China's economic outlook, overseas economic trends and policies, and volatility in financial and capital markets as concerns, continuing to indicate uncertainty in the external environment. - FY2019-Q2WorsenedAnnual report
「During the cumulative second quarter under review, Japan's economy remained on a path of gradual recovery as corporate earnings and employment conditions continued to improve. However, concerns over the impact and uncertainty of trade issues on the global economy and volatility in financial and capital markets left the outlook uncertain. In Japan's women's lingerie market, personal consumption is showing signs of recovery, but consumers remain strongly inclined to economize and protect their household finances. The operating environment surrounding the Company is becoming increasingly challenging due in part to intensifying competition from new market entrants.」
In addition to the previously identified tendency to economize, concerns about household finances and intensifying competition from new market entrants, the disclosure identifies the impact and uncertainty of trade issues and volatility in financial and capital markets as concerns, indicating that the external environment remains uncertain. - FY2019-Q1WorsenedAnnual report
「In Japan's women's lingerie market, personal consumption is showing signs of recovery, but consumers remain strongly inclined to economize and protect their household finances. The operating environment surrounding the Company is becoming increasingly challenging due in part to intensifying competition from new market entrants.」
The disclosure states that consumers remain strongly inclined to economize and protect their household finances, and that the operating environment is becoming increasingly challenging due in part to intensifying competition from new market entrants. - FY2018WorsenedAnnual report
「In Japan's women's lingerie market, the Company's operating environment is becoming increasingly challenging due to the contraction of the lingerie market caused by stagnant personal consumption, structural changes in sales channels resulting from the expansion of online sales, and intensifying competition among companies due to new market entrants.」
In addition to the previously identified risks related to domestic demand, competition and weather fluctuations, the disclosure identifies market contraction, structural changes in sales channels due to the expansion of online sales and intensifying competition from new entrants, stating that the operating environment is becoming increasingly challenging. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, Japan's economy remained on a path of gradual recovery, supported by the government's economic policies and the Bank of Japan's monetary policy, as corporate earnings and employment conditions continued to improve. However, the outlook remained uncertain due to overseas economic uncertainty and rising geopolitical risks.」
The disclosure identifies overseas economic uncertainty and rising geopolitical risks as part of the business environment. At the same time, it states that there have been no material changes in business and other risks. - FY2018-Q2RestatedAnnual report
「No new business or other risks arose during the first half. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported in the risk of an impact on business results from domestic demand, economic conditions, competition, weather fluctuations and overseas economic uncertainty. No quantified risk or actual occurrence can be confirmed from this disclosure. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter under review, Japan's economy remained on a path of gradual recovery, supported by the government's economic policies and the Bank of Japan's monetary policy, as corporate earnings and employment conditions continued to improve. However, the outlook remained uncertain due to slowing growth in emerging economies, particularly China, unstable administration in the United States, political conditions in Europe and increasing uncertainty in the overseas economy.」
The disclosure continues to state that domestic demand and economic conditions, including economic conditions and overseas economic uncertainty, may affect business results. No material changes are reported in business and other risks. - FY2017RestatedAnnual report
「Most of the Company's market is domestic. Accordingly, demand may be affected by economic conditions in Japan, including economic and consumer trends, competition with other retailers in the same and different business categories, and abnormal weather such as cool summers and warm winters, which could affect the Company's business results and financial position.」
The disclosure continues to identify risks associated with dependence on the domestic market and demand fluctuations caused by economic and consumer trends, competition and weather. It also describes overseas economic uncertainty and intensifying competition in the domestic market as part of the business environment. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the first 9 months. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported in the risk of an impact on business results from domestic demand, economic conditions, competition and weather fluctuations. The disclosure also describes an uncertain economic environment, including slowing growth in emerging economies, particularly China, unstable conditions in Europe and uncertainty in the US financial markets. - FY2017-Q2RestatedAnnual report
「No new business or other risks arose during the first half. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes are reported in the risk of an impact on business results from domestic demand, economic conditions, competition and weather fluctuations. - FY2017-Q1RestatedAnnual report
「In Japan's women's lingerie market, the business environment remained challenging, due in part to rising labor costs in Asia and soaring raw material prices.」
Although the challenging environment surrounding the domestic market continues, no material changes are reported in business and other risks. - FY2016First statedAnnual report
「Most of the Company's market is domestic. Accordingly, demand may be affected by economic conditions in Japan, including economic and consumer trends, competition with other retailers in the same and different business categories, and abnormal weather such as cool summers and warm winters, which could affect the Company's business results and financial position.」
Domestic market dependence and factors affecting demand are described together.