Deterioration of the domestic business environment due to population decline
First written in FY2017. 1 of 3 entries say "Reframed", first in FY2019. Latest entry: FY2021.
The whole theme swung hardest in 2023: 8 of 32 companies on the "Worse" side.
46 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「There has never been a time when true wisdom and the ability to implement change have been more necessary than now, amid the emergence of environmental issues such as global warming, the shift from nuclear power following the nuclear accident toward renewable energy, Japan’s declining population and the urgent need for regional revitalization.」
The company continues to view population decline in the context of social change including environmental issues, the energy transition and regional revitalization. - FY2019ReframedAnnual report
「The emergence of environmental issues such as global warming, the shift from nuclear power following the nuclear accident toward renewable energy, Japan’s declining population and the urgent need for regional revitalization」
The description of population-decline risk has expanded from deterioration of the domestic business environment to a broader context of social change including environmental issues, renewable energy and regional revitalization. - FY2017First statedAnnual report
「Although the Japanese economy has begun to recover, we believe that the domestic business environment will become more challenging, owing in part to the accelerating population decline.」
The company identifies the acceleration of population decline as a factor that will make the domestic business environment more challenging in the future.