Increasing uncertainty in the business environment due to a slowdown in the Chinese economy and sluggish personal consumption
First written in FY2017-Q1. 10 of 26 entries say "Restated". Latest entry: FY2026.
Hayashikane Sangyo moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2020: 150 of 178 companies on the "Worse" side.
43 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「During the fiscal year under review, the economy continued to recover moderately, supported by improvements in employment and income conditions and the effects of various policies. However, the food industry continued to face a challenging operating environment with an uncertain outlook, including persistently high raw material prices and energy costs due to the yen's depreciation and weaker consumption due to rising prices.」
The description shifted from the previous view of the business environment, centered on the slowdown in the Chinese economy and weak personal consumption, to one centered on the yen's depreciation, high raw material prices, persistently high energy costs and consumption restraint due to rising prices. - FY2024-Q3Reference to the ban on seafood exports to China disappeared.Annual report
「During the first nine months of the fiscal year under review, economic normalization progressed following the reclassification of COVID-19 to Category 5, and the economy is gradually recovering. However, the food industry continues to face a challenging operating environment with an uncertain outlook, including persistently high raw material prices due to the yen's depreciation.」
The explicit reference in the previous quarter to the complete ban on seafood exports to China has been removed, and the description now focuses on persistently high raw material prices due to the yen's depreciation. - FY2024-Q2WorsenedAnnual report
「However, the food industry continues to face a challenging operating environment with an uncertain outlook, including the complete ban on seafood exports to China and persistently high raw material prices due to the yen's depreciation.」
In addition to the previous impact of COVID-19 and the situation in Ukraine and the yen's depreciation, the complete ban on seafood exports to China was explicitly identified as a new factor worsening the business environment. - FY2024-Q1The easing of the impact of the pandemic coexisted with soaring costs.Annual report
「During the first three months of the fiscal year under review, economic activity normalized as COVID-19 was reclassified to Category 5, and the economy is gradually recovering. However, the food industry continues to face a challenging operating environment with an uncertain outlook, including persistently high raw material prices and energy costs due to the prolonged situation in Ukraine and the yen's depreciation.」
While the normalization of economic activity following the reclassification of COVID-19 to Category 5 is described, soaring raw material prices and energy costs due to the situation in Ukraine and the yen's depreciation continue to affect the challenging environment in the food industry. - FY2023The easing of the impact of the pandemic coexisted with soaring costs.Annual report
「During the fiscal year under review, the Japanese economy is gradually recovering as the impact of COVID-19 has faded and consumption activity has gradually normalized. However, the challenging operating environment in the food industry continues, as raw material prices and energy costs have risen due to the prolonged situation in Ukraine and the yen's depreciation.」
While the impact of COVID-19 has faded and the economy is recovering, raw material prices and energy costs continue to rise due to the situation in Ukraine and the yen's depreciation. - FY2023-Q3Signs of economic recovery coexisted with soaring costs.Annual report
「During the first nine months of the fiscal year under review, signs of economic recovery began to emerge due to the easing of restrictions on activities under the “with COVID-19” approach and the government's tourism support policies. However, the challenging operating environment in the food industry continued, as raw material prices and energy costs rose due to the prolonged situation in Ukraine and the yen's depreciation.」
While signs of economic recovery resulting from eased activity restrictions and tourism support policies are described, raw material prices and energy costs continue to rise due to the prolonged situation in Ukraine and the yen's depreciation. - FY2023-Q2The normalization of economic activity coexisted with a challenging environment caused by soaring costs.Annual report
「During the first six months of the fiscal year under review, although COVID-19 resurged, economic activity gradually normalized and the economy recovered moderately. However, the challenging operating environment in the food industry continued, as raw material prices and energy costs rose amid the prolonged situation in Ukraine and further yen depreciation.」
The description has shifted to an environment in which a moderate economic recovery coexists with another resurgence of COVID-19 and soaring costs due to the situation in Ukraine and the yen's depreciation. - FY2023-Q1WorsenedAnnual report
「During the first three months of the fiscal year under review, although the impact of COVID-19 remained, restrictions on economic activity were gradually eased and the economy showed signs of recovery. However, the challenging operating environment in the food industry continued, due to factors including higher raw material prices and energy costs resulting from the prolonged situation in Ukraine and the yen's rapid depreciation.」
While restrictions related to the pandemic were eased and the economy showed signs of recovery, the prolonged situation in Ukraine and higher raw material and energy costs resulting from the yen's rapid depreciation were described as new factors worsening the challenging business environment. - FY2022WorsenedAnnual report
「During the fiscal year under review, the Japanese economy remained in a highly uncertain condition as Russia's invasion of Ukraine began in addition to the economic stagnation caused by COVID-19. In the food industry, the challenging operating environment continued, including the prolonged weakness in demand for eating out.」
In addition to the economic stagnation caused by COVID-19, the invasion of Ukraine emerged as a new factor increasing uncertainty. - FY2022-Q3The easing of the impact of the pandemic coexisted with uncertainty caused by the spread of variants.Annual report
「During the first nine months of the fiscal year under review, the impact of COVID-19 gradually eased and the economy showed signs of recovery. However, the spread of a new variant virus began, and the outlook remained uncertain. In the food industry, the challenging operating environment continued, including the prolonged weakness in demand for eating out.」
While the impact of the pandemic gradually eased, the spread of a new variant continued to create uncertainty about the outlook, and the challenging environment in the food industry, including weak demand for eating out, also continued. - FY2022-Q2RestatedAnnual report
「During the first six months of the fiscal year under review, the Japanese economy remained in a challenging condition amid an uncertain outlook for the containment of COVID-19. Although investment in plant and equipment and housing construction showed signs of recovery, personal consumption remained weak and the outlook continued to be uncertain. In the food industry, the challenging operating environment continued, including the prolonged weakness in demand for eating out.」
The uncertain outlook for containing COVID-19, weak personal consumption and the challenging business environment caused by the prolonged weakness in demand for eating out continue to be described. - FY2021RestatedAnnual report
「During the fiscal year under review, the Japanese economy remained in a challenging condition due to the impact of the spread of COVID-19. Although investment in plant and equipment and imports showed signs of recovery, personal consumption remained weak and the outlook continued to be uncertain. The challenging operating environment also continued in the food industry, including a decline in demand for eating out.」
The challenging operating environment in the food industry and uncertainty about the outlook, arising from COVID-19, weak personal consumption and declining demand for eating out, continue to be described. - FY2021-Q3RestatedAnnual report
「During the first nine months of the fiscal year under review, the Japanese economy remained in a challenging condition due to the impact of the spread of COVID-19. The recovery in personal consumption stalled, and the outlook remained uncertain. The challenging operating environment also continued in the food industry, including a decline in demand for eating out.」
The challenging economic conditions caused by COVID-19, the stalled recovery in personal consumption, uncertainty about the outlook and the challenging environment in the food industry due to declining demand for eating out continue to be described. - FY2021-Q2RestatedAnnual report
「During the first six months of the fiscal year under review, the Japanese economy remained in a challenging condition, having been significantly affected by the spread of COVID-19. Although personal consumption showed signs of recovery, the outlook remained uncertain. In the food industry, the challenging operating environment continued, including a decline in demand for eating out due to requests to refrain from going out.」
The challenging economic environment caused by COVID-19, uncertainty about the outlook and the decline in demand for eating out due to requests to refrain from going out continue to be described. - FY2021-Q1WorsenedAnnual report
「During the first three months of the fiscal year under review, the Japanese economy deteriorated rapidly as economic activity stagnated due to the spread of COVID-19. Although personal consumption showed signs of recovery from June onward, the outlook remained uncertain. In the food industry, the challenging operating environment continued, including a decline in demand for eating out due to requests to refrain from going out.」
The rapid deterioration in economic activity due to the spread of COVID-19 and the decline in demand for eating out caused by requests to refrain from going out emerged as specific factors contributing to the challenging environment in the food industry. - FY2020WorsenedAnnual report
「During the fiscal year under review, the Japanese economy remained on a gradual recovery track, with employment and income conditions continuing to improve. However, economic activity stagnated from the beginning of the year onward due to the global spread of COVID-19, resulting in an uncertain outlook.」
In addition to the existing challenging environment in the food industry, the global spread of COVID-19 is described as having caused economic activity to stagnate and the outlook to become more uncertain. - FY2020-Q3RestatedAnnual report
「During the first nine months of the fiscal year under review, the Japanese economy remained on a gradual recovery track, with employment and income conditions continuing to improve, although exports showed weakness. In the food industry, the challenging operating environment continued, due to rising costs including logistics expenses, chronic labor shortages and outbreaks of livestock diseases in Japan and overseas.」
The challenging business environment continues to be described as resulting from weak exports, rising costs including logistics expenses, chronic labor shortages and livestock diseases in Japan and overseas. - FY2020-Q2Focus shifted to the challenging operating environment, including weak exports and livestock diseases.Annual report
「During the first six months of the fiscal year under review, the Japanese economy remained on a gradual recovery track, with employment and income conditions continuing to improve, although exports showed weakness. In the food industry, the challenging operating environment continued, due to rising costs including logistics expenses, chronic labor shortages and outbreaks of livestock diseases in Japan and overseas.」
While the domestic economy is described as being on a gradual recovery track, the challenging environment is attributed not to the previous factors of a slowdown in the Chinese economy and weak personal consumption, but to weak exports, logistics expenses, labor shortages and livestock diseases. - FY2019-Q3RestatedAnnual report
「During the first nine months of the fiscal year under review, the Japanese economy remained on a gradual recovery track, with corporate earnings and employment and income conditions continuing to improve. In the food industry, the challenging operating environment continued, as sales competition intensified, costs including logistics expenses increased, and labor shortages became more serious.」
The challenging business environment continues to be described as resulting from sales competition, logistics expenses and labor shortages, rather than the slowdown in the Chinese economy and weak personal consumption. - FY2018-Q3SoftenedAnnual report
「During the first nine months of the fiscal year under review, the Japanese economy remained on a gradual recovery track, with employment and income conditions continuing to improve. In the food industry, the challenging operating environment continued, as sales competition intensified, costs including logistics expenses increased, and labor shortages became more serious.」
While the direct references to the slowdown in the Chinese economy and weak personal consumption have been removed, the challenging environment in the food industry is described in terms of other factors: sales competition, logistics expenses and labor shortages. - FY2018-Q2RestatedAnnual report
「During the first six months of the fiscal year under review, the Japanese economy remained on a gradual recovery track, with employment and income conditions continuing to improve. In the food industry, manufacturers faced a challenging operating environment, as consumers' willingness to purchase remained weak due to uncertainty about the economic outlook.」
While employment and income conditions are described as improving, weak consumer willingness to purchase and the challenging operating environment for food manufacturers continue to be noted. - FY2018-Q1RestatedAnnual report
「During the first three months of the fiscal year under review, the Japanese economy remained on a gradual recovery track, with employment and income conditions continuing to improve, although some areas showed delayed improvement. In the food industry, manufacturers faced a challenging operating environment, as personal consumption remained weak due to uncertainty about the economic outlook.」
While the domestic economy is described as being on a gradual recovery track, weak personal consumption and the challenging operating environment for food manufacturers are reiterated. - FY2017SoftenedAnnual report
「During the fiscal year under review, the Japanese economy remained on a gradual recovery track, with employment and income conditions continuing to improve, although some areas showed delayed improvement. In the food industry, manufacturers faced a challenging operating environment, as personal consumption remained weak due to uncertainty about the economic outlook.」
The direct reference to the slowdown in the Chinese economy has been removed. While the domestic economy is described as being on a gradual recovery track, weak personal consumption and the challenging environment in the food industry continue to be noted. - FY2017-Q3RestatedAnnual report
「During the first nine months of the fiscal year under review, the Japanese economy remained on a gradual recovery track, with corporate earnings and employment conditions continuing to improve. However, the outlook remained uncertain, with exports sluggish against the backdrop of the slowdown in the Chinese economy. In the food industry, the challenging operating environment continued, as personal consumption remained weak due to uncertainty about the economic outlook.」
The challenging business environment of sluggish exports due to the slowdown in the Chinese economy and weak personal consumption continues to be described, as in the previous quarter. - FY2017-Q2RestatedAnnual report
「During the first six months of the fiscal year under review, the Japanese economy remained on a gradual recovery track, with corporate earnings and employment conditions continuing to improve. However, the outlook remained uncertain, with exports sluggish against the backdrop of the slowdown in the Chinese economy. In the food industry, manufacturers faced a challenging operating environment, as personal consumption remained weak due to uncertainty about the economic outlook.」
The business environment risks of sluggish exports due to the slowdown in the Chinese economy and weak personal consumption continue to be described, as in the previous quarter. - FY2017-Q1First statedAnnual report
「During the first quarter of the current consolidated fiscal year, the Japanese economy remained on a moderate recovery track, with continued improvements in corporate earnings and employment conditions. However, the outlook remained uncertain, as exports stagnated against the backdrop of a slowdown in the Chinese economy. In the food industry, a challenging operating environment continued, with personal consumption remaining sluggish amid uncertainty over the economic outlook.」
The challenging operating environment in the food industry is described as sluggish exports amid the slowdown in the Chinese economy and weak personal consumption due to uncertainty about the economic outlook.