Economic slowdown and rising labor costs due to trade friction and labor shortages
First written in FY2019-Q2. 5 of 11 entries say "Restated". Latest entry: FY2026.
Transgenic Group moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2022: 105 of 134 companies on the "Worse" side.
75 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「However, persistent inflation has led to a decline in household consumer sentiment, while the deterioration in the situation in the Middle East resulting from the war has made the outlook for the economy even more uncertain.」
In addition to weaker consumer sentiment caused by persistent inflation, uncertainty about the economic outlook due to the worsening situation in the Middle East has become evident, and external environment risks are expanding. - 2026-05-13WorsenedEarnings
「However, persistent inflation has led to a decline in household consumer sentiment, while the deterioration in the situation in the Middle East resulting from the war has made the outlook for the economy even more uncertain.」
The company cited persistent inflation and the deterioration in the situation in the Middle East as factors making the economic outlook uncertain. - FY2026-H1WorsenedAnnual report
「During the interim consolidated accounting period, Japan's corporate earnings and employment conditions showed signs of a gradual recovery. However, persistent price increases weakened household consumer sentiment, and the economic outlook remained uncertain.」
In addition to the conventional yen depreciation and rising raw material prices, the decline in household consumer sentiment caused by persistent inflation has become evident, and uncertainty about the economic outlook continues. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, Japan's economy showed signs of recovery in inbound demand and personal consumption. However, the rapid depreciation of the yen and soaring energy and raw material prices continued, leaving the business environment uncertain.」
The company reiterates that, although personal consumption is recovering, the rapid depreciation of the yen and continuing high energy and raw material prices are leaving the business environment uncertain. - FY2024-Q2RestatedAnnual report
「During the first half of the fiscal year, Japan's economy showed signs of a gradual recovery in personal consumption following the easing of restrictions on activities related to COVID-19. However, the continuing depreciation of the yen and soaring energy and raw material prices left the business environment uncertain.」
The company reiterates that, although personal consumption is recovering gradually, the continuing depreciation of the yen and soaring energy and raw material prices are leaving the business environment uncertain. - FY2024-Q1RestatedAnnual report
「During the first quarter of the fiscal year, Japan's economy showed signs of a gradual recovery in personal consumption following the easing of restrictions on activities related to COVID-19. However, the continuing depreciation of the yen and rising prices left the business environment uncertain.」
The company reiterates that, although personal consumption is recovering following the easing of activity restrictions, the continuing depreciation of the yen and rising prices are leaving the business environment uncertain. - FY2023-Q3RestatedAnnual report
「During the first nine months of the fiscal year, Japan's economy showed signs of a partial recovery as lifestyles gradually shifted toward coexistence with COVID-19. However, an uncertain outlook persisted because of the resurgence of COVID-19, the continuing depreciation of the yen, worsening global conditions, and the sharp rise in raw material costs.」
The company reiterates that an uncertain business environment continues because of the resurgence of COVID-19, the depreciation of the yen, worsening global conditions, and sharply rising raw material costs. - FY2023-Q2WorsenedAnnual report
「During the first nine months of the fiscal year, Japan's economy remained in an uncertain environment, owing to the resurgence of COVID-19, the continuing depreciation of the yen, worsening global conditions, and the sharp rise in raw material costs.」
An uncertain business environment continues, including the resurgence of COVID-19, the continuing depreciation of the yen, worsening global conditions, and a sharp rise in raw material costs, in addition to the previously cited economic and cost-increase concerns. - FY2019Raw material costs added as a concernAnnual report
「During the fiscal year, Japan's economy continued on a gradual recovery trend, accompanied by improving corporate earnings and business sentiment, although the outlook remained a concern because of the global economic slowdown caused by trade friction between the United States and China, soaring raw material costs, and rising labor costs due to labor shortages.」
In addition to the previously cited concerns over trade friction and labor shortages, the company identifies soaring raw material costs as a business-environment risk factor. - FY2019-Q3RestatedAnnual report
「During the first nine months of the fiscal year, Japan's economy continued on a gradual recovery trend, accompanied by improving corporate earnings and business sentiment, although the outlook remained a concern because of the global economic slowdown caused by trade friction between the United States and China and the impact of rising labor costs due to labor shortages.」
The company continues to identify the global economic slowdown caused by trade friction and rising labor costs due to labor shortages as business-environment factors of concern. - FY2019-Q2First statedAnnual report
「During the first half of the fiscal year, Japan's economy continued on a gradual recovery trend, accompanied by improving corporate earnings and business sentiment, although the outlook remained a concern because of the global economic slowdown caused by trade friction originating in the United States and the impact of rising labor costs due to labor shortages.」
The company has newly identified the global economic slowdown caused by trade friction and rising labor costs due to labor shortages as business-environment factors of concern for the outlook.