Expert on Japan Retail and Consumer Markets, JapanConsuming

Michael Causton

Expert on Japan Retail and Consumer Markets

Real Insight on Japanese Consumer Markets

JapanConsuming

JapanConsuming is a specialist research firm producing intelligence on Japanese retail and consumer markets. Founded in 2000, JapanConsuming has become the leading provider of insights on Japanese retailers and consumer trends to retailers, brands, government agencies and investors. As well as a highly regarded monthly report on the market, JapanConsuming produces in-depth reports on retail sectors, seminars on key trends and telephone consulting to investors on trends and retailers.

JapanConsuming was founded by Michael Causton and Roy Larke. 

Thematic (Sector/Industry)

<ul>
<li>FMCG retailers remained dominant and market concentration increased, with top firms expanding through consolidation. </li>
<li>Discounters, drugstores and e-commerce outperformed the market overall, while general merchandise stores and apparel/lifestyle declined.</li>
<li>Profitability varied significantly, but discounters stood out as consumers flocked to their stores to escape inflation where they could.</li>
</ul>


FMCG retailers remained dominant and market concentration increased, with top firms expanding through consolidation. 
Discounters, drugstores and e-commerce outperformed the market overall, while general merchandise stores and apparel/lifestyle declined.
Profitability varied significantly, but discounters stood out as consumers flocked to their stores to escape inflation where they could.


Japanese Big Retailers: Winners and Losers

Research Coverage of Japanese Listed Companies, Shared Research Inc

Shared Research

Research Coverage of Japanese Listed Companies

Shared Research Inc

Pioneering research coverage of Japanese listed companies. Now customizable and interactive for global institutional investors. Corporate access reimagined.

Equity Bottom-Up

<ul><li>In March 2025, the company revised financial results due to SLOGIX's inventory overstatement, affecting FY03/24 and FY03/25.</li><li>Sales increased YoY, while EBITDA and operating profit declined; net income attributable to owners rose significantly.</li><li>B2C Subscription business saw profit margin decline due to marketing costs; B2B and Social Services businesses reported profit growth.</li></ul>

In March 2025, the company revised financial results due to SLOGIX's inventory overstatement, affecting FY03/24 and FY03/25.Sales increased YoY, while EBITDA and operating profit declined; net income attributable to owners rose significantly.B2C Subscription business saw profit margin decline due to marketing costs; B2B and Social Services businesses reported profit growth.

Oisix ra daichi (3182 JP): Q3 FY03/26 flash update

<ul><li>In March 2025, the company revised FY03/24 and FY03/25 financial results due to SLOGIX inventory overstatement.</li><li>Sales increased by 4.9% YoY, while EBITDA and operating profit declined by 1.4% and 8.6% YoY, respectively.</li><li>The company reclassified school meal services to B2B Subscription business, affecting segment classification from Q1 FY03/26.</li></ul>

In March 2025, the company revised FY03/24 and FY03/25 financial results due to SLOGIX inventory overstatement.Sales increased by 4.9% YoY, while EBITDA and operating profit declined by 1.4% and 8.6% YoY, respectively.The company reclassified school meal services to B2B Subscription business, affecting segment classification from Q1 FY03/26.

Oisix ra daichi (3182 JP): 1H FY03/26 flash update

<ul>
<li>Japanese still love shops partly because they are so easy to access thanks to station shopping hubs and fast transport links. </li>
<li>But new data shows e-commerce not only remains one of the fastest-growing retail channels but is poised to become the country’s largest by 2027. </li>
<li>While economic pressures and consumer interest in physical shopping have slowed year-on-year growth, the broader trends favour online shopping’s expansion – driven by food, fashion and omnichannel innovation.</li>
</ul>


Japanese still love shops partly because they are so easy to access thanks to station shopping hubs and fast transport links. 
But new data shows e-commerce not only remains one of the fastest-growing retail channels but is poised to become the country’s largest by 2027. 
While economic pressures and consumer interest in physical shopping have slowed year-on-year growth, the broader trends favour online shopping’s expansion – driven by food, fashion and omnichannel innovation.


E-Commerce in Japan: Faster Growing but Slowing

<ul>
<li>Core inflation rates remain stubbornly high and real wages are still falling. </li>
<li>Surveys suggest one more major round of price hikes in October but the government still thinks prices will stabilise below its 2% target by the end of the year.</li>
<li>The increases are lowering consumer confidence – bad news for most retailers, although major discount chains are making hay while the sun, well, doesn’t shine.</li>
</ul>


Core inflation rates remain stubbornly high and real wages are still falling. 
Surveys suggest one more major round of price hikes in October but the government still thinks prices will stabilise below its 2% target by the end of the year.
The increases are lowering consumer confidence – bad news for most retailers, although major discount chains are making hay while the sun, well, doesn’t shine.


Japanese Prices Rise Again; 60% of Consumers Feeling the Pinch and Looking for Better Value

Japan

Oisix ra daichi Inc. sells various food products online. Among other products, the company sells vegetables, fruits, fish, meat, milk, and ready-made food.

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Oisix ra daichi (3182 JP)

Japanese Big Retailers: Winners and Losers

An in-depth review of Japan retailers with sales of ¥250+ in 2025: FMCG retailers dominate with market concentration increasing, discounters...

Michael Causton