Consumer Cost-Consciousness and Stagnant Personal Consumption
First written in FY2017-Q1. 13 of 28 entries say "Restated". Latest entry: 2026-07-31.
Hachi-Ban moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 38 of 56 companies on the "Worse" side.
36 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the six months of the current fiscal year, personal consumption continued to recover moderately due to improvements in employment and wage increases, while concerns about a slowdown in the global economy grew because of heightened consumer thrift caused by higher prices, US tariff policies and rising geopolitical risks, leaving the outlook uncertain.」
The disclosure continues to describe an economic environment in which the recovery trend in personal consumption coexists with heightened consumer thrift caused by higher prices. - FY2025-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, Japan's economy continued to recover moderately as personal consumption increased with the normalization of social activity and inbound demand grew. At the same time, prolonged instability in the international situation and persistent yen depreciation caused raw-material prices and energy costs to remain elevated, and the resulting rise in prices became entrenched, leaving the outlook uncertain.」
The disclosure continues to describe the coexistence of a recovery in personal consumption and inbound demand with an uncertain outlook due to yen depreciation, the international situation and higher costs. - FY2024Recovery in human mobility alongside higher costsAnnual report
「During the current consolidated fiscal year, Japan's economic activity continued to normalize as personal consumption and inbound demand increased with the end of the COVID-19 pandemic, but the outlook remained uncertain due to exchange-rate fluctuations, the unstable international situation, soaring raw-material prices and energy costs, and changes in consumer sentiment resulting from the accompanying rise in prices.」
The recovery in personal consumption and inbound demand coexisted with uncertainty stemming from exchange rates, the international situation and higher raw-material and energy costs. - FY2024-Q2Signs of recovery from eased restrictions and inbound demand alongside higher costsAnnual report
「The food-service industry continues to face difficult conditions, including higher utility, transportation and procurement costs, as well as rising labor and recruitment costs amid labor shortages, but signs of recovery are emerging due to the easing of restrictions on activities and inbound demand.」
The disclosure states that utility, transportation, procurement, labor and recruitment costs continue to rise, while food-service demand is showing signs of recovery due to the easing of restrictions on activities and inbound demand. - FY2024-Q1Recovery in customer traffic alongside higher costsAnnual report
「In the food-service industry, customer traffic is recovering as restrictions on activity have subsided, but the difficult operating environment continues due to higher utility, logistics and procurement costs, as well as higher labor and recruitment costs resulting from labor shortages.」
The disclosure indicates a recovery in customer traffic as restrictions on activities subsided, while stating that utility, transportation, procurement, labor and recruitment costs continued to rise. - FY2023Recovery in demand from eased restrictions, travel subsidies and increased inbound tourism, alongside changes in dining occasionsAnnual report
「In the food service industry, sales gradually recovered due to the easing of restrictions on activities, the nationwide travel assistance program launched in October 2022, and an increase in foreign visitors to Japan. However, the operating environment remained challenging due to changes in dining patterns in the era of living with COVID-19 and surging raw material, energy, and logistics costs.」
Sales recovered gradually as restrictions on activities were eased, nationwide travel subsidies were introduced and the number of visitors to Japan increased, while changes in dining occasions and higher costs continued. - FY2023-Q3Recovery in dine-in business following eased restrictions on activities and changes in dining occasionsAnnual report
「Dine-in business in the food-service industry has been recovering as restrictions on activities have been eased, but the operating environment remains difficult due to changes in dining occasions in the with-COVID era and soaring raw-material, energy and logistics costs.」
The disclosure indicates a recovery trend in dine-in business following the easing of restrictions on activities, while stating that the difficult environment continues due to changes in dining occasions and higher costs. - FY2023-Q2Recovery from eased restrictions on activities followed by renewed deterioration due to the seventh waveAnnual report
「The food-service industry showed signs of recovery as restrictions on activities were eased, but the operating environment remains difficult due to the rapid spread of the seventh wave of COVID-19 and higher procurement prices and expenses resulting from soaring raw-material prices and other costs.」
The disclosure indicates a recovery trend in food-service demand as restrictions on activities were eased, while stating that the operating environment remains difficult due to the rapid expansion of the seventh wave and higher procurement prices and expenses. - FY2023-Q1Recovery in demand amid changing consumer lifestylesAnnual report
「In the food service industry, there were signs of a recovery following the lifting of priority preventive measures to prevent the spread of disease. However, the operating environment remains challenging due to changes in consumer lifestyles and increases in purchase prices and expenses caused by surging raw material and crude oil prices.」
The disclosure identifies changing consumer lifestyles as a new operating-environment factor and also refers to a recovery in food-service demand after the measures were lifted. - FY2022RestatedAnnual report
「The food-service industry in which the Group operates faces difficult conditions, including population decline, the advancing decline in the birthrate and aging of the population, and intensifying competition from other industries, and competition among companies is expected to intensify further. Although the timing of the end of the COVID-19 pandemic remains uncertain, the Group expects dining by families and small groups to recover throughout the year, even though dining by larger groups will continue to be avoided.」
While continuing to recognize uncertainty stemming from demographic trends, competition from other industries and infectious diseases, the Group expects dining by families and small groups to recover. - FY2022-Q3Signs of economic recovery alongside concerns about the outlookAnnual report
「During the first nine months of the current fiscal year, consumption in Japan continued to decline due to the spread of COVID-19, but signs of a moderate recovery emerged as vaccinations progressed and various government and local-government measures took effect.」
The disclosure describes signs of a moderate recovery resulting from vaccinations and government and local-government measures, even as consumption continued to decline. - FY2022-Q1WorsenedAnnual report
「During the first quarter of the current fiscal year, Japan saw a decline in consumption in the affected regions as the spread of COVID-19 led to the issuance of the third state of emergency and priority preventive measures. Although vaccinations began with healthcare workers and then older people, nationwide vaccination would still take time, and the economic outlook remained unpredictable.」
The disclosure states that the third state of emergency and priority preventive measures caused consumption to decline in the affected regions, while vaccination was taking time. - FY2021RestatedAnnual report
「The food-service industry in which the Group operates faces difficult conditions, including population decline, the advancing decline in the birthrate and aging of the population, and intensifying competition from other industries, and competition among companies is expected to intensify further. In addition, the spread of COVID-19 caused commercial facilities and other premises to close and customer traffic to plummet as people refrained from going out. Overseas, requests from governments in various countries to refrain from going out forced stores to close or shorten their operating hours, leaving the operating environment difficult.」
The disclosure continues to describe a difficult food-service environment, including demographic changes, intensifying competition, closures, restrictions on going out and declining customer traffic caused by infectious diseases. - FY2021-Q3WorsenedAnnual report
「During the first nine months of the current fiscal year, consumption activity in Japan declined sharply due to COVID-19, leaving the economy in an extremely difficult situation. Although personal consumption showed signs of recovery after the state of emergency was lifted, the situation remained unpredictable, with COVID-19 cases again trending upward.」
The disclosure states that the sharp decline in consumption activity continued and that the outlook for personal consumption remained unpredictable as cases again trended upward. - FY2021-Q2WorsenedAnnual report
「During the first six months of the current fiscal year, consumption activity in Japan declined sharply due to COVID-19, leaving the economy in an extremely difficult situation. Although the state of emergency issued by the government in April was lifted in May, economic activity remained slow to recover.」
The assessment of the environment surrounding personal consumption and food-service demand became more severe, citing a sharp decline in consumption activity due to COVID-19 and the slow recovery even after the state of emergency was lifted. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current fiscal year, economic activity in Japan declined sharply due to the spread of COVID-19, while the prolonged US-China trade dispute and other aspects of the unstable international situation left the economic outlook extremely uncertain.」
The assessment of the operating environment regarding consumers' focus on saving and stagnant personal consumption became more severe, referring to a sharp decline in consumption activity caused by the spread of COVID-19. - FY2020WorsenedAnnual report
「The food-service industry continues to face an extremely difficult operating environment, due to consumers' increased focus on saving following the consumption tax increase, a series of natural disasters and a decline in customer traffic caused by the spread of COVID-19.」
The disclosure identifies consumers' increased focus on saving following the consumption tax increase, natural disasters and declining customer traffic caused by the spread of COVID-19 as factors contributing to the difficult operating environment. - FY2020-Q2WorsenedAnnual report
「The operating environment remains difficult, as the consumption tax increase and reduced tax rate system implemented in October this year are expected to reduce the frequency of dining out because eating out will appear more expensive than the relatively inexpensive prepared-food market.」
The disclosure specifically states that the consumption tax increase and reduced tax rate system may reduce the frequency of dining out because eating out appears more expensive than prepared food. - FY2019-Q1RestatedAnnual report
「The food-service industry remains in a difficult environment, as strong consumer thrift continues, while labor-related costs and other expenses continue to rise against a backdrop of higher raw-material prices and labor shortages.」
The disclosure continues to describe a difficult food-service operating environment, with consumers remaining strongly focused on saving. - FY2018-Q3RestatedAnnual report
「During the first nine months of the current fiscal year, the Japanese economy remained on a moderate recovery track, but the outlook remained uncertain due to changes in the international situation, among other factors.」
The disclosure continues to address the uncertain outlook resulting from changes in the international situation, despite the moderate recovery trend. - FY2018-Q2RestatedAnnual report
「During the first six months of the current fiscal year, the Japanese economy remained on a moderate recovery track, but the outlook remained uncertain due to changes in the international situation, among other factors.」
The disclosure continues to address the uncertain outlook resulting from changes in the international situation, despite the moderate recovery trend. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, the Japanese economy remained on a moderate recovery track, but the outlook remained uncertain due to sluggish personal consumption and changes in the international situation, among other factors.」
The disclosure continues to address sluggish personal consumption and an uncertain economic outlook. - FY2017RestatedAnnual report
「The foodservice industry also remains in a difficult environment, as consumers continue to be strongly inclined to save, competition between stores within and outside the industry is becoming increasingly intense, raw material prices are rising, and personnel-related costs continue to increase against a backdrop of labor shortages and improving employment conditions.」
The disclosure continues to describe a difficult food-service environment, with consumers remaining focused on saving amid intensifying competition and rising raw-material prices and labor-related costs. - FY2017-Q3RestatedAnnual report
「The foodservice industry also remains in a difficult environment, as consumers continue to be strongly inclined to save, personnel-related costs are rising against a backdrop of labor shortages, and competition continues not only within the industry but also with companies in other industries.」
The disclosure continues to describe a difficult food-service environment, including consumers' focus on saving and sluggish personal consumption. - FY2017-Q2RestatedAnnual report
「The food-service industry also remains in a difficult environment, as consumers continue to be strongly inclined to economize, labor-related costs rise against a backdrop of labor shortages, and competition from businesses in other industries, such as convenience stores, continues.」
The disclosure continues to describe a difficult food-service operating environment, including consumers' focus on saving and sluggish personal consumption. - FY2017-Q1First statedAnnual report
「The food-service industry also remains in a difficult environment, as consumers continue to be strongly inclined to economize, labor-related costs rise against a backdrop of labor shortages, and competition from businesses in other industries, such as convenience stores, continues.」
The disclosure states that the food-service industry continues to face a difficult operating environment, with consumers increasingly focused on saving and personal consumption remaining stagnant.