Slowing Personal Consumption and Consumers’ Cost-Consciousness
First written in FY2017-Q1. 17 of 34 entries say "Restated". Latest entry: FY2027-H1.
Belc moved to the "Worse" side of this theme in 2016, 4 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 53 of 68 companies on the "Worse" side.
20 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「The impact of higher procurement prices resulting from surging raw-material prices and manufacturing costs, as well as continued inflation, on personal consumption has been significant, and difficult conditions continue.」
The impact of continued price increases on personal consumption is explicitly described as “significant,” and the challenging consumption environment continues to be cited. - 2026-10-09Worsenednews.yahoo.co.jp
「Customer traffic and the number of items purchased declined as consumers became more focused on saving amid rising prices and price competition with rival companies, causing first-half net sales to fall short of plan.」
It has been reported that customer traffic and the number of items purchased actually declined amid consumers' stronger focus on saving and price competition, resulting in first-half net sales falling short of plan. - FY2026WorsenedAnnual report
「The retail industry remains in a challenging situation, with procurement prices for products rising as raw material prices and product manufacturing costs surge, and continued price increases having a significant impact on personal consumption.」
It explicitly states that the impact of continued price increases on personal consumption is significant, reaffirming the challenging consumption environment. - 2026-04-10WorsenedEarnings
「The retail industry remains in a challenging situation, with procurement prices for products rising as raw material prices and product manufacturing costs surge, and continued price increases having a significant impact on personal consumption.」
The impact of higher procurement prices and continued inflation on personal consumption is cited as a factor behind the difficult retail industry environment. - FY2026-H1WorsenedAnnual report
「The retail industry remains in a challenging situation, with procurement prices for products rising as raw material prices and product manufacturing costs surge, and continued price increases having a significant impact on personal consumption, including through weaker consumer sentiment.」
It explicitly identifies the possibility that continued price increases may affect personal consumption through weaker consumer sentiment, describing the challenging consumption environment. - FY2025-Q1WorsenedAnnual report
「The retail industry remains in a challenging situation, with procurement prices for products rising as raw material prices and product manufacturing costs surge, and the recovery in personal consumption losing momentum.」
The description of personal consumption has changed from a recovery to a statement that the recovery is losing momentum, while also describing a challenging situation due to higher product procurement prices. - FY2024WorsenedAnnual report
「Although signs of a recovery in personal consumption have emerged, consumers are holding back on purchases as consumer prices continue to rise gradually, and consumption is becoming increasingly polarized.」
While indicating a recovery in personal consumption, it explicitly identifies consumers holding back on purchases due to rising prices and the polarization of consumption. - FY2024-Q3WorsenedAnnual report
「Although signs of a recovery in personal consumption have emerged, the situation remains challenging, as consumer prices continue to rise, consumption is becoming increasingly polarized, selling, general and administrative expenses remain elevated because of the continued surge in global energy prices from the previous year, and food procurement prices continue to rise repeatedly.」
While indicating a recovery in personal consumption, it newly identifies continued increases in consumer prices, the polarization of consumption, and repeated increases in food procurement prices, thereby expanding the risk factors affecting the consumption environment and the retail industry. - FY2024-Q1MitigatedAnnual report
「Although signs of a recovery in personal consumption have emerged, the retail industry remains in a challenging situation because of higher selling, general and administrative expenses resulting from surging global energy prices and higher procurement prices for food products due to surging raw material prices.」
The description of personal consumption has shifted from its previous decline and uncertain outlook to an improvement-oriented statement that a recovery is emerging. - FY2023RestatedAnnual report
「The operating environment is expected to remain challenging, owing to the uncertain outlook for personal consumption and intensifying competition among companies.」
The uncertain outlook for personal consumption continues to be identified, together with intensifying competition among companies, as a factor contributing to the challenging operating environment. - FY2023-Q1MitigatedAnnual report
「Although signs of a recovery in personal consumption have emerged, the retail industry remains in a challenging situation, affected by the rapid depreciation of the yen, higher transportation costs due to surging crude oil prices, and higher procurement prices for food products due to increases in raw material prices.」
The description of personal consumption has shifted from the previous decline and consumer preference for saving to an improvement-oriented statement that a recovery is emerging. Meanwhile, the challenging situation in the retail industry continues because of rising costs. - FY2022RestatedAnnual report
「In the retail industry, the situation remains challenging, with changes in lifestyles and weaker personal consumption resulting from the spread of COVID-19 continuing, together with higher transportation costs due to surging crude oil prices and higher procurement prices for food products due to increases in raw material prices.」
It reconfirms that changes in lifestyles and weaker personal consumption continue. - FY2022-Q3RestatedAnnual report
「In the retail industry, the situation remains challenging, with changes in lifestyles and weaker personal consumption resulting from the spread of COVID-19 continuing, together with intensifying competition across industries and business formats.」
In place of the previous references to consumers holding back on purchases, it describes the continued changes in lifestyles caused by the infectious disease and the decline in personal consumption. - FY2022-Q2WorsenedAnnual report
「In the retail industry, the situation remains challenging, with the number of COVID-19 cases changing daily, voluntary restraints on outings following the declaration of a state of emergency, consumers continuing to hold back on purchases as their behavior changes, and intensifying competition across industries and business formats.」
In addition to the longstanding consumer preference for saving and the impact of infectious diseases, it explicitly identifies the declaration of a state of emergency and changes in consumer behavior as factors behind consumers holding back on purchases. - FY2021RestatedAnnual report
「In the retail industry, difficult conditions have continued due to the impact of COVID-19, consumers' continued preference for saving, intensifying competition across industries and business formats, and the continuing difficulty of securing personnel.」
Continues to identify the difficult retail industry environment caused by the impact of COVID-19 and consumers' preference for saving. - FY2021-Q3RestatedAnnual report
「In the retail industry, difficult conditions have continued due to the impact of COVID-19, consumers' continued preference for saving, intensifying competition across industries and business formats, and the continuing difficulty of securing personnel.」
Continues to identify the difficult retail industry environment caused by COVID-19, consumers' preference for saving, intensifying competition and difficulty securing personnel. - FY2021-Q2RestatedAnnual report
「In the retail industry, difficult conditions have continued due to the impact of COVID-19, consumers' continued preference for saving, intensifying competition across industries and business formats, and the continuing difficulty of securing personnel.」
Continues to identify the difficult retail industry environment, including the impact of COVID-19, consumers' preference for saving and difficulty securing personnel. - FY2021-Q1WorsenedAnnual report
「In the retail industry, difficult conditions have continued due to the impact of COVID-19, consumers' continued preference for saving, intensifying competition across industries and business formats, and the continuing difficulty of securing personnel.」
States that the impact of COVID-19 has been added to the existing conditions in which consumers continue to favor saving. - FY2020RestatedAnnual report
「In the retail industry, difficult conditions have continued due to trends in consumer sentiment following the consumption tax rate increase, intensifying competition across industries and business formats, and the continuing difficulty of securing personnel.」
Continues to identify consumer sentiment following the consumption tax rate increase, intensifying competition and difficulty securing personnel as factors behind the difficult retail industry environment. - FY2020-Q3WorsenedAnnual report
「In the retail industry, difficult conditions have continued due to trends in consumer sentiment following the consumption tax rate increase, intensifying competition across industries and business formats, and the continuing difficulty of securing personnel.」
Explicitly identifies trends following the consumption tax rate increase as a new factor in risks related to personal consumption and consumer sentiment. - FY2020-Q2RestatedAnnual report
「In the retail industry, difficult conditions have continued as consumers continue to favor saving, competition intensifies across industries and business formats, and securing personnel remains challenging.」
Reaffirms the difficult retail industry environment as consumers continue to favor saving. - FY2020-Q1RestatedAnnual report
「In the retail industry, difficult conditions have continued as consumers continue to favor saving, competition intensifies across industries and business formats, and securing personnel remains challenging.」
Continues to identify the difficult retail industry environment as consumers continue to favor saving. - FY2019RestatedAnnual report
「In the retail industry, difficult conditions have continued as consumers continue to favor saving, competition intensifies across industries and business formats, and securing personnel remains challenging.」
Reaffirms the difficult retail industry environment as consumers continue to favor saving. - FY2019-Q3RestatedAnnual report
「In the retail industry, difficult conditions have continued as consumers continue to favor saving, competition intensifies across industries and business formats, and securing personnel remains challenging.」
Continues to identify the difficult retail industry environment as consumers continue to favor saving. - FY2019-Q2RestatedAnnual report
「In the retail industry, difficult conditions have continued as consumers continue to favor saving, competition intensifies across industries and business formats, and securing personnel remains challenging.」
Reaffirms the difficult retail industry environment as consumers continue to favor saving. - FY2019-Q1RestatedAnnual report
「In the retail industry, difficult conditions have continued as consumers continue to favor saving, competition intensifies across industries and business formats, and securing personnel remains challenging.」
Reaffirms the difficult retail industry environment as consumers continue to favor saving. - FY2018RestatedAnnual report
「In the retail industry, difficult conditions have continued as consumers continue to favor saving, competition intensifies across industries and business formats, and securing personnel remains challenging.」
Reaffirms the difficult industry environment as consumers continue to favor saving. - FY2017WorsenedAnnual report
「Personal consumption is expected to remain sluggish for an extended period, despite expected improvements in employment and income conditions, due to concerns about the future, including distrust of the social security system.」
Indicates an outlook for the slowdown in personal consumption to persist for an extended period in the next period. - FY2017-Q3RestatedAnnual report
「In Japan, personal consumption is slowing amid stagnant real wages, due to concerns about the future, including distrust of the social security system.」
Continues to identify slowing personal consumption against a backdrop of stagnant real wages and concerns about the future. - FY2017-Q2RestatedAnnual report
「In Japan, personal consumption is slowing amid stagnant real wages, due to concerns about the future, including distrust of the social security system.」
Continues to identify slowing personal consumption against a backdrop of stagnant real wages and concerns about the future. - FY2017-Q1MaterialisedAnnual report
「In Japan, personal consumption is slowing amid stagnant real wages, due to concerns about the future, including distrust of the social security system.」
Identifies slowing personal consumption and consumers' preference for saving as current conditions.