Risks Related to Liquor Tax, Food Sanitation and Business Regulations
First written in FY2016. 9 of 17 entries say "Materialised", first in FY2018-Q2. Latest entry: FY2026.
Yamaya moved to the "Worse" side of this theme in 2018, 5 years before the typical company in this theme (2023).
The whole theme swung hardest in 2023: 4 of 12 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2026Response to the October 2026 liquor tax revisionAnnual report
「In the October 2026 revision of the liquor tax, tax rates on beer and beer-like beverages will be unified. In both the tax-increase and tax-decrease categories, we will expand our product range and services to meet customer needs and respond to market changes.」
The company states that it will respond through its product assortment and services in anticipation of changes in the categories subject to tax increases or reductions under the liquor tax revision. - FY2024-Q2MaterialisedAnnual report
「In September, front-loaded demand arose for the new beer-type category and other products ahead of the 1 October Liquor Tax Act revision.」
Stock-up demand for the new beer-type category and other products actually arose before the Liquor Tax Act revision. - FY2021-Q3MaterialisedAnnual report
「In September of the current fiscal year, front-loaded demand arose ahead of the 1 October tax increase on the new beer-type category. Although sales in October were affected by the reversal of this demand, the impact was smaller than the decline in October of the previous fiscal year because front-loaded demand for alcoholic beverages generally had arisen in September of the previous fiscal year ahead of the previous year’s 1 October consumption tax increase.」
Front-loaded demand arose before the tax increase on the new beer-type category, and its reversal affected October sales. - FY2021-Q2MaterialisedAnnual report
「Stock-up demand for the new beer-type category arose in September.」
Stock-up demand actually arose before the tax increase on the new beer-type category. - FY2021-Q1Planned tax increase resulting from the liquor tax revisionAnnual report
「The liquor tax revision is scheduled to increase taxes on the new beer-type category in the autumn.」
Regarding existing regulatory risks related to liquor taxes and other matters, the company specifically describes the tax increase scheduled for the new beer-type category in the autumn. - FY2020-Q3MaterialisedAnnual report
「Regarding revenue, liquor retailing revenue declined by ¥25 million because, despite front-loaded demand in September ahead of the consumption tax increase, sales declined in October as the demand reversed, among other factors.」
Front-loaded demand before the consumption tax increase and the subsequent decline in October actually occurred, appearing as a ¥25 million decline in liquor retailing revenue. - FY2020-Q2MaterialisedAnnual report
「Regarding revenue, liquor retailing revenue increased 2.1% as stock-up demand and front-loaded demand for beer and other products arose in September ahead of the consumption tax increase.」
Stock-up and front-loaded demand actually arose before the consumption tax rate increase, appearing as a 2.1% increase in liquor retailing revenue. - FY2019RestatedAnnual report
「The liquor retailing segment is subject to various laws and regulations, including the Liquor Tax Act, while the restaurant segment is subject to various laws and regulations, including the Food Sanitation Act, the Act on Control and Improvement of Amusement Business, and the Immigration Control and Refugee-Recognition Act, as well as various quality and environmental standards. If the enactment or revision of these laws and regulations directly affects the businesses or results in compliance costs, this could affect the Group’s operating results and financial position.」
The company continues to disclose regulatory risks related to liquor taxes, food sanitation, business operations, immigration control, and quality and environmental standards. - FY2019-Q3MaterialisedAnnual report
「Liquor retailing sales recovered from June onward after the significant decline in May, following the implementation of the National Tax Agency’s “new trading standards” in June 2017 and the reversal during the current year of stock-up demand before price increases for beer and other products. However, sales did not recover enough to offset the decline.」
The reversal of stock-up demand arising before enforcement of the new trading standards continued to appear as a decline in liquor retailing revenue in the third quarter. - FY2019-Q2MaterialisedAnnual report
「Revenue declined due to the reversal of front-loaded demand that arose ahead of the 1 June enforcement of the National Tax Agency’s “new trading standards,” which resulted in price increases for beer and other products compared with the same period last year, as well as the overlapping effects of earthquakes, torrential rain, typhoons and other adverse weather in western Japan, including the Tokai region.」
The reversal of front-loaded demand arising before enforcement of the new trading standards continued to affect liquor retailing revenue negatively in the second quarter. - FY2019-Q1MaterialisedAnnual report
「Sales in the liquor retailing business in April and May of the current quarter declined sharply due to a reversal of front-loaded demand that arose ahead of the 1 June enforcement of the National Tax Agency’s “new trading standards,” which resulted in price increases for beer and other products compared with the same period last year.」
The company states that the reversal of front-loaded demand arising before enforcement of the new trading standards led to a significant decline in liquor retailing sales in April and May of the current quarter. - FY2018RestatedAnnual report
「The liquor retailing segment is subject to various laws and regulations, including the Liquor Tax Act, while the restaurant segment is subject to various laws and regulations, including the Food Sanitation Act, the Act on Control and Improvement of Amusement Business, and the Immigration Control and Refugee-Recognition Act, as well as various quality and environmental standards.」
The company continues to disclose regulatory risks related to liquor taxes, food sanitation, business operations, immigration control, and quality and environmental standards. - FY2018-Q3RestatedAnnual report
「Ahead of the National Tax Agency's New Transaction Standards, which prohibit the sale of alcoholic beverages at prices below total cost of sales and took effect on 1 June, stockpiling demand and speculative demand emerged. After the standards took effect, we were forced to raise the prices of some products, but this did not lead to a sharp reversal of speculative demand.」
The company continues to describe the regulatory impact of the new trading standards for liquor selling prices and price increases for some products. - FY2018-Q2MaterialisedAnnual report
「Ahead of the National Tax Agency's New Transaction Standards, which prohibit the sale of alcoholic beverages at prices below total cost of sales and took effect on 1 June, stockpiling demand and speculative demand emerged. After the standards took effect, we were forced to raise the prices of some products, but this did not lead to a sharp reversal of speculative demand.」
The company describes the specific impact of the new trading standards, including price increases for some products. - FY2018-Q1Regulatory enforcementAnnual report
「The National Tax Agency’s notification, the “Fair Trading Standards for Alcoholic Beverages,” based on the revised Liquor Tax Act, which prohibits selling prices below total cost of sales including selling expenses, came into force on 1 June. While complying with the legislation commonly known as the ban on cut-price sales, the company is continuing comprehensive improvement and reform initiatives in line with its management philosophy of “contributing to society by promoting more efficient distribution and sales and enriching people’s lives.” It is further implementing EDLC, or “everyday low cost,” by reducing selling expenses and other costs, and continues working to achieve EDLP, or “everyday low price.”」
The company describes the enforcement of the Fair Trading Standards for Alcoholic Beverages under the revised Liquor Tax Act and states that it will continue pursuing EDLC and EDLP and reducing selling expenses while complying with the law. It does not describe any specific impact on results or materialization of regulatory risks. - FY2017RestatedAnnual report
「The liquor retailing segment is subject to various laws and regulations, including the Liquor Tax Act, while the restaurant segment is subject to various laws and regulations, including the Food Sanitation Act, the Act on Control and Improvement of Amusement Business, and the Immigration Control and Refugee-Recognition Act, as well as various quality and environmental standards.」
The company continues to disclose regulatory risks related to liquor taxes, food sanitation, business operations, immigration control, and quality and environmental standards. - FY2016First statedAnnual report
「The liquor retailing segment is subject to various laws and regulations, including the Liquor Tax Act, while the restaurant segment is subject to various laws and regulations, including the Food Sanitation Act, the Act on Control and Improvement of Amusement Business, and the Immigration Control and Refugee-Recognition Act, as well as various quality and environmental standards.」
The company identifies the enactment or revision of laws and regulations and the associated compliance costs as risks for both businesses, including those related to quality and environmental standards.