Downward pressure on personal consumption and sales from adverse weather
First written in FY2017-Q2. 5 of 7 entries say "Materialised", first in FY2017-Q3. Latest entry: FY2023-Q2.
Sac'S Bar Holdings moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).
The whole theme swung hardest in 2026: 8 of 10 companies on the "Worse" side.
17 other companies' latest entry also says "Materialised".
- FY2023-Q2MaterialisedAnnual report
「Consumer activity became more cautious amid rapid inflation and uncertainty about the outlook, creating an even more challenging operating environment for the fashion industry. In addition to being heavily affected by the seventh wave of COVID-19 infections from July onward, sales recovery in the second quarter was sluggish because typhoons affected weekends for four consecutive weeks in September.」
Typhoons affected weekends for four consecutive weeks in September, resulting in sluggish sales recovery in the second quarter. Weather-related pressure on sales was again reflected in the results. - FY2020-Q3MaterialisedAnnual report
「The fashion industry has also been heavily affected by the unusually warm winter, and an increasingly challenging operating environment has continued since the tax increase.」
The unusually warm winter was explicitly identified as a factor behind the challenging operating environment in the fashion industry, and weather-related downside risk to sales was reflected in the results. - FY2019MaterialisedAnnual report
「The impact of the July 2018 heavy rains, repeated direct hits by major typhoons, the Hokkaido Eastern Iburi Earthquake and an exceptionally warm winter also contributed to generally sluggish sales.」
Weather-related factors, including the unusually warm winter, were reflected in the full-year results as factors behind sluggish sales. - FY2019-Q3MaterialisedAnnual report
「Overall, sales remained sluggish, also affected by the July 2018 heavy rains in western Japan, repeated direct hits from major typhoons, the Hokkaido Eastern Iburi Earthquake and an unusually warm winter.」
The unusually warm winter was explicitly identified, alongside natural disasters, as a factor behind sluggish sales, and weather-related pressure was again reflected in the results. - FY2017DroppedAnnual reportThe full-year results discussion for the fiscal year does not explicitly mention the pressure from unsettled summer weather described in the quarterly report.
- FY2017-Q3MaterialisedAnnual report
「Revenue for the cumulative third quarter was ¥41,765 million, down 0.4% year on year, operating profit was ¥3,207 million, down 6.7%, ordinary profit was ¥3,250 million, down 5.9%, and net income attributable to owners of the parent was ¥2,026 million, down 5.5%, as sluggish personal consumption was compounded by the effects of unsettled summer weather.」
In addition to sluggish personal consumption, unsettled summer weather continued to weigh on cumulative third-quarter sales and profit, as reflected in the results. - FY2017-Q2First statedAnnual report
「Revenue for the cumulative second quarter was ¥27,417 million, down 0.9% year on year, as sluggish personal consumption was compounded by unsettled weather from August onward.」
In addition to sluggish personal consumption, unsettled weather from August onward was specifically cited as a factor weighing on performance.