Strong sales in the sporting goods industry! Young people and energetic elderly people gather!

　The Fed's interest rate cut is likely to be postponed until July or later. The American employment statistics (May) were 272,000 people, which greatly exceeded the expected increase of 180,000 people. On Wall Street, the “3 interest rate cuts within the year” as of March have been revised to “2 times,” and there are even voices saying “there won't be any within the year...”

　Meanwhile, as expected, the ECB cut interest rates by 0.25% (25 basis points). Interest rate cuts followed by Switzerland and Sweden. The United Kingdom will follow suit. Europe is on a monetary easing trend. However, it is unclear whether or not the FRB's attitude will advance to cut interest rates in July.

　After all, this is because economic indicators are good. In America, household assets have swelled to 160 trillion dollars (approximately 2,4960 trillion yen) in response to a booming stock market and rising real estate prices. On a quarterly basis, the end of September last year was 151 trillion dollars, and the end of December last year was 156 trillion dollars. That's amazing.

　It is increasing by 4 trillion to 5 trillion dollars (approximately 600 trillion to 800 trillion yen) every 3 months. The composition is that the wealthy are getting richer and richer. After all, it is a country where stocks and investment trusts account for 56% of personal financial assets. Shouldn't we learn this?

　On the other hand, as is the case in Japan, the gap between rich and poor has widened further in America. Target (TGT), a general discount store in the US, cut the price of 5,000 items in May. Aren't households being pressured by high interest rates and high prices?

　Regarding the good financial results of Walmart Stores (WMT), the company side explained that “this is the result of incorporating high-income people seeking cheap things.” The emergence of power families with an annual income of over 15 million yen has become a hot topic in Japan. Conversely, it seems that the minimalist class that “can't or can't” consume is rapidly increasing.

　Both Japan and the US are polarized. There are predictions that the follower base, which occupies the majority as consumers (who buy the same things as everyone else), will drastically decrease. Well, in developed countries, when the age is over 52, it is said that “they do not consume even if assets increase.”

　The average age in Japan is 49 years old. Also, over 60% of assets are owned by elderly people aged 65 and over. It would be difficult to make management decisions about where the restaurant business and retail business should target.

　Significant price reduction revisions have been made for the 2024/7 fiscal year. Profits have declined drastically. Well, when the management changed, they probably brought out the sea. In the medium to long term, the stock price (the market price is between 680 and 690 yen, which is well below the acquisition price of 828 yen for CrowdWorks and PKSHA Technology) will change drastically, isn't it?