Dependence on regional economic conditions and personal consumption
First written in FY2016. 10 of 34 entries say "Restated". Latest entry: FY2027-H1.
No other company in this theme has enough history to compare yet.
- FY2027-H1Personal consumption recovery accompanied by persistent concerns over high prices, interest rates and overseas conditionsAnnual report
「During the interim consolidated accounting period, Japan's economy remained on a gradual recovery trend, with personal consumption recovering due to improvements in employment and income conditions, among other factors. However, the outlook remained uncertain due to the impact of prolonged high prices and interest rate trends on personal consumption, compounded by uncertainty over overseas conditions.」
While the disclosure indicates a recovery in personal consumption and a gradual economic recovery, it also notes an uncertain outlook due to prolonged high prices, interest rate trends and uncertainty over overseas conditions. - FY2026Economic recovery accompanied by high prices and concerns over trade policyAnnual report
「Although the economy was on a gradual recovery trend due in part to expanding inbound demand, domestic inflation remained elevated for longer due to rising labor and other costs associated with wage increases and soaring raw material prices. Against this backdrop, and amid concerns over US trade policy, conditions remained uncertain.」
While the disclosure indicates an economic recovery trend driven by inbound demand and other factors, it newly notes the prolonged impact of high prices caused by rising labor and raw material costs and concerns over US trade policy. - 2026-05-14MaterialisedResults
「Internet/mobile 2,096 105.9 25.4」
While digital media increased, several existing and traditional areas, including newspapers, magazines, sales promotion and events, fell below the previous fiscal year, indicating a shift in media demand reflected in sales performance. - FY2026-H1Economic recovery accompanied by high prices and concerns over US trade policyAnnual report
「During the current interim consolidated fiscal period, Japan's economy remained on a gradual recovery trend due to expanding inbound demand. However, domestic price increases were prolonged by rising labour costs and other expenses resulting from wage increases and soaring raw material prices, while concerns about US trade policy also left the outlook uncertain.」
While the disclosure indicates a recovery trend driven by expanding inbound demand, it newly notes the prolonged impact of high prices caused by rising labor and raw material costs and concerns over US trade policy. - FY2025Regional consumption recovery accompanied by high prices and downside risks in overseas marketsAnnual report
「In the Group’s business territory, advertising volume was generally on a recovery trend, supported by a recovery in personal consumption and increased inbound consumption.」
While regional personal consumption and inbound demand recovered, the disclosure also notes pressure on consumption from higher raw material prices and inflation, as well as downside risks to overseas economies. - FY2025-H1Economic recovery alongside rising pricesAnnual report
「During the current interim consolidated fiscal period, the economy entered a gradual recovery trend due to increased foot traffic, a recovery in inbound demand, corporate wage increases and the effects of income tax cuts. However, the outlook remained uncertain due to continued price increases.」
While the disclosure indicates an economic recovery trend, including recovering foot traffic and inbound demand, it also notes an uncertain outlook due to continued price increases. - FY2024Economic activity normalization accompanied by high prices and uncertainty in the external environmentAnnual report
「In the Group’s business territory, advertising volume was generally on a recovery trend, supported by increased foot traffic since May last year and the gradual recovery in inbound demand during the second half of the year, driven by the weaker yen.」
Advertising volumes generally showed a recovery trend as foot traffic increased and inbound demand recovered, while the disclosure separately notes an uncertain outlook due to higher resource, energy and raw material prices and the weaker yen. - FY2024-Q3Economic activity normalization accompanied by concerns over high pricesAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy showed signs of a gradual recovery as economic activity normalised following the reclassification of COVID-19 as a Class 5 disease. However, the outlook remained uncertain amid concerns about the impact of soaring prices on personal consumption and economic activity.」
Although signs of recovery emerged as the infectious disease was reclassified to Category 5 and economic activity normalized, the disclosure also notes the impact of higher prices on personal consumption and economic activity, as well as an uncertain outlook. - FY2024-Q1Economic normalization coexisting with uncertainty in the external environmentAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, economic activity continued to normalise as restrictions were eased, including the reclassification of COVID-19 as a Class 5 disease. However, the outlook remained uncertain due to soaring raw material prices and the prolonged situation in Ukraine.」
Although economic activity normalized as the infectious disease was reclassified to Category 5 and restrictions on activities were eased, the disclosure also notes an uncertain outlook due to soaring raw material prices and the prolonged situation in Ukraine. - FY2023Advertising demand recovery accompanied by high prices and weak personal consumptionAnnual report
「In the Group's operating area, local companies became cautious about placing advertisements amid concerns over sluggish personal consumption due to higher prices and the end of stay-at-home demand. However, business performance improved, particularly in tourism and accommodation, due to the easing of activity restrictions and nationwide travel support measures, and advertising placements generally began to recover as various events resumed, although conditions varied by industry.」
In the regional market area, caution due to high prices and weak personal consumption coexisted with a recovery in advertising demand, particularly among tourism and accommodation businesses and for events. - FY2023-Q3Economic normalization accompanied by the eighth wave and higher external costsAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, while the effects of COVID-19 continued to linger, economic activity showed signs of normalisation due to the easing of restrictions on people's activities and other measures. However, the outlook remained uncertain due to soaring raw material and energy prices against the backdrop of the situation in Ukraine, the rapid depreciation of the yen and the arrival of the eighth wave of COVID-19 from late November of the previous year.」
Although economic activity normalized as restrictions on activities were eased, the disclosure also recognizes an uncertain outlook due to the situation in Ukraine, soaring raw material and energy prices, the weaker yen and the arrival of the eighth wave of infections. - FY2023-Q2Economic normalization accompanied by uncertainty in the external environmentAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy saw a seventh wave of infections arrive from mid-July while the number of COVID-19 cases was subsiding. From the latter half of August, cases gradually declined, economic activity began to normalise as restrictions on people's activities were eased, and foot traffic recovered. However, the outlook for the economy remained uncertain due to soaring crude oil and raw material prices associated with the prolonged situation in Ukraine and the rapid depreciation of the yen.」
Although economic activity normalized as case numbers declined, restrictions on activities were eased and foot traffic recovered, the disclosure also recognizes an uncertain outlook due to the situation in Ukraine, soaring crude oil and raw material prices, and the rapid depreciation of the yen. - FY2023-Q1Recovery in foot traffic accompanied by an uncertain outlookAnnual report
「As the number of COVID-19 cases began to decline, foot traffic recovered as economic activity and restrictions on residents' activities were eased, and the economy showed signs of recovery. However, in addition to heightened tensions surrounding Ukraine and higher raw material prices caused by the rapid depreciation of the yen, the risk of a renewed spread of infection due to new variants left the economic outlook uncertain.」
While declining case numbers and eased restrictions on activities indicated a recovery in foot traffic and the economy, the disclosure also recognizes an uncertain outlook due to the situation in Ukraine, the weaker yen and higher raw material prices, and the risk of renewed spread caused by new variants. - FY2022RestatedAnnual report
「In the Group's market area, some restrictions were placed on residents' activities as each prefecture raised its infection alert level in response to the resurgence of COVID-19. Advertising activities, particularly customer-attraction events, were suspended or postponed, but from autumn onward there were signs of economic activity resuming as the number of new infections declined.」
While restrictions on activities and the suspension or postponement of advertising activities continued in the regional market area, signs of economic activity resuming emerged from autumn onward, and the disclosure continues to describe the risk of dependence on regional economic conditions and personal consumption. - FY2022-Q2RestatedAnnual report
「Within our group’s business area as well, consumer activity was partly restricted due to measures such as the raising of infection alert levels in each prefecture, resulting in a challenging operating environment.」
The disclosure continues to describe restrictions on residents' activities due to higher infection alert levels in each prefecture and the challenging operating environment in the regional market area. - FY2022-Q1WorsenedAnnual report
「Within our group’s business area as well, consumer activity was partly restricted due to measures such as the raising of infection alert levels in each prefecture, resulting in a challenging operating environment.」
Residents' activities were restricted as each prefecture raised its infection alert level, and the operating environment in the regional market area remained challenging. - FY2021WorsenedAnnual report
「In the Group's market area, economic activity declined due to requests by local governments to refrain from going out and the state of emergency declared by the government in April last year in response to the spread of COVID-19,」
Economic activity declined in the regional market area due to requests to refrain from going out, the state of emergency and operating restrictions on stores and other businesses, further worsening the risk associated with dependence on regional economic conditions and personal consumption. - FY2021-Q3WorsenedAnnual report
「In our group's business markets as well, the impact of the spread of COVID-19 was substantial. Economic activity was severely restricted due to requests to refrain from nonessential, nonurgent outings and avoid the Three Cs, creating a challenging operating environment for all companies.」
Economic activity was significantly restricted in the market area due to requests to refrain from going out and avoid the 3 Cs, making the business environment associated with dependence on regional economic conditions and personal consumption even more challenging. - FY2021-Q2WorsenedAnnual report
「In our group's business markets as well, the impact of the spread of COVID-19 was substantial. Store closures, shorter operating hours, a decline in inbound demand and changes in consumption trends due to requests to refrain from nonessential, nonurgent outings created a challenging operating environment for all companies.」
Store closures and shortened business hours, declining inbound demand and changes in consumption trends due to requests to refrain from going out occurred in the market area, making the business environment dependent on regional economic conditions and personal consumption more challenging than in the previous quarter. - FY2021-Q1WorsenedAnnual report
「In the Group's market area, companies faced challenging conditions, being forced to suspend operations or shorten business hours as preventive measures against the spread of COVID-19.」
Companies in the regional market area successively suspended operations or shortened business hours, and the challenging business environment associated with dependence on regional economic conditions and personal consumption deteriorated further due to COVID-19. - FY2020MaterialisedAnnual report
「In the Group's market area, consumer sentiment had already weakened relatively following the consumption tax rate revision in October last year. From February onward, sluggish consumption was seen due to requests to refrain from going out and event cancellations as preventive measures against COVID-19, creating a challenging business environment for companies.」
In addition to the decline in consumer sentiment following the consumption tax rate revision, sluggish consumption caused by requests to refrain from going out and event cancellations actually occurred in the market area, and the risk of dependence on regional economic conditions and personal consumption was reflected in the operating environment. - FY2020-Q3Overseas economic slowdown and uncertainty over consumption trendsAnnual report
「In our group's business markets as well, uncertainty remained regarding consumption trends due to the impact of a slowdown in overseas economies and the increase in the consumption tax rate.」
The disclosure indicates that uncertainty remains in the market area regarding the impact of the overseas economic slowdown and consumption trends following the consumption tax rate increase. - FY2020-Q2Decline following a temporary increase in consumption accompanied by stagnation in certain industriesAnnual report
「In our group's business markets as well, personal consumption temporarily increased ahead of the tax increase, but some industries showed signs of stagnation due to the subsequent decline after the long holiday period and the impact of the prolonged rainy season, leaving the outlook uncertain.」
Although personal consumption temporarily increased in the market area ahead of the consumption tax increase, certain industries remained sluggish due to the decline following the long holiday period and the effects of the prolonged rainy season, leading to recognition that the outlook was uncertain. - FY2020-Q1Recovery trend accompanied by stagnation in certain industriesAnnual report
「In our group's business markets as well, the gradual recovery continued, but some industries, including manufacturing, showed signs of stagnation.」
Although the market area as a whole showed signs of a gradual recovery, certain industries, including manufacturing, remained sluggish, indicating that conditions related to dependence on the regional economy were not uniform. - FY2019-Q3RestatedAnnual report
「In our group's business markets as well, consumers continued to prefer thrift due to concerns about the impact of the torrential rains in western Japan and revisions to the consumption tax rate.」
The impact of the Western Japan Heavy Rain and consumers' cost-consciousness continued, and business-environment risks related to dependence on regional economic conditions and personal consumption remained. - FY2019-Q2MaterialisedAnnual report
「In the Group's market area, economic conditions remained sluggish due to the impact of the Western Japan Heavy Rain and consumers' cost-consciousness.」
The impact of the Western Japan Heavy Rain and consumers' cost-consciousness materialized in the regional market area, and sluggish regional economic conditions continued. The risk of dependence on regional economic conditions and personal consumption was reflected in the actual business environment. - FY2018RestatedAnnual report
「In particular, because our group operates businesses closely rooted in local communities, mainly in the Shikoku, Chugoku and Kyushu areas, fluctuations in personal consumption and economic conditions in these regions may affect our group's financial position and operating results.」
Dependence on personal consumption and regional economic conditions arising from the locally rooted business structure continues to be identified as a major risk. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy showed signs of a gradual recovery against the backdrop of the government's economic measures and monetary policy. However, in our group's business markets, personal consumption remained uncertain due to consumers' preference for thrift, while corporate earnings were under pressure from intensifying competition across industries and business formats.」
The disclosure states that uncertainty over personal consumption due to consumers' cost-consciousness continues in the market area, reaffirming the risk of dependence on regional economic conditions. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, signs of weakness emerged in corporate earnings and consumer sentiment. In addition to fluctuations in foreign exchange and equity markets, the decision to further postpone the consumption tax increase also contributed to continued uncertainty about the economic outlook.」
The disclosure continues to recognize that the outlook for the economy remains uncertain against a backdrop of weak consumer sentiment and market volatility. - FY2018-Q1RestatedAnnual report
「In our group's business markets, although a positive cycle from income to spending can be seen, personal consumption and production activity remain weak, and the economy continues to show signs of stagnation.」
The disclosure reiterates that personal consumption and production activity in the market area lack strength and that economic conditions remain sluggish. - FY2017RestatedAnnual report
「As the Group operates businesses closely rooted in local communities, primarily in the Shikoku, Chugoku and Kyushu areas, fluctuations in personal consumption and economic conditions in these regions may affect the Group's financial position and operating results.」
Dependence on personal consumption and regional economic conditions arising from the locally rooted business structure continues to be identified as a major risk. - FY2017-Q3RestatedAnnual report
「In the Group's market area, tourism and accommodation-related businesses remained solid, but personal consumption showed signs of stagnation, including consumers holding back on purchases due to cost-consciousness, and conditions remained generally sluggish.」
While tourism and accommodation-related businesses remained solid, the disclosure continues to describe consumers' cost-consciousness, deferred purchases and sluggish conditions in the market area. - FY2017-Q1RestatedAnnual report
「In our group's business markets, expectations for an inbound tourism boost remain, but consumers' preference for thrift has become entrenched, and the operating environment remains challenging.」
The disclosure reiterates that consumers' cost-consciousness and the challenging business environment continue. - FY2016First statedAnnual report
「As the Group operates businesses closely rooted in local communities, primarily in the Shikoku, Chugoku and Kyushu areas, fluctuations in personal consumption and economic conditions in these regions may affect the Group's financial position and operating results.」
The disclosure identifies sensitivity to regional economic conditions arising from the locally rooted business structure as a risk.