Reduced Consumption Tax Rate and Demand Fluctuations Before and After the Tax Increase
First written in FY2019. 3 of 5 entries say "Restated". Latest entry: FY2020.
Yamazawa moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2026: 4 of 7 companies on the "Worse" side.
25 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「Consumer sentiment weakened after the consumption tax rate increase in October」
The company continued to state that consumer sentiment actually weakened after the consumption tax rate increase. - FY2020-Q3MaterialisedAnnual report
「Consumer sentiment weakened after the consumption tax rate increase in October」
Regarding demand fluctuations after the consumption tax rate increase, which had previously been identified as a risk, the company described the actual impact of weakened consumer sentiment following the increase. - FY2020-Q2RestatedAnnual report
「Meanwhile, concerns over developments in trade issues and an economic downturn resulting from the consumption tax increase, among other factors, continue to create an uncertain environment.」
The company continued to identify concerns about an economic downturn caused by the consumption tax increase as a business-environment risk. - FY2020-Q1RestatedAnnual report
「Concerns about an economic downturn caused by the consumption tax increase and other factors continue to leave the outlook uncertain.」
The company continued to identify concerns about an economic downturn caused by the consumption tax increase as a business-environment risk. - FY2019First statedAnnual report
「While attention must be paid to the risks of US-China trade friction and a slowdown in the European economy, the outlook for the domestic economy remains uncertain due to factors including slowing capital investment and the impact of front-loaded demand ahead of the consumption tax increase and the subsequent反動. In the retail industry, various preparations are under way for the launch of the reduced consumption tax rate system.」
The company separately identified, for the first time, front-loaded demand ahead of the consumption tax increase and the subsequent反動, as well as preparations for the launch of the reduced tax rate system, as future economic and store-operation risks.