Uncertainty About the Outlook Due to Global Economic Conditions
First written in FY2016-Q3. 14 of 35 entries say "Worsened", first in FY2019-Q3. Latest entry: 2026-07-31.
Career Design Center moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 18 of 27 companies on the "Worse" side.
10 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「In Japan's economy during the fiscal year under review, the September 2025 Tankan survey showed that business sentiment among large manufacturers was improving. Although progress was being made toward normalising economic activity after the pandemic and recovering inbound demand, uncertainty about the outlook continued due to higher energy prices, the impact of tariffs and the rapid depreciation of the yen. In August 2025, the effective job openings-to-applicants ratio was 1.20x, continuing to trend slightly lower than in the previous survey, and the hiring environment surrounding the Company also deteriorated slightly.」
Uncertainty related to energy prices, tariffs and the weaker yen continued, and the effective job openings-to-applicants ratio declined to 1.20x. The hiring environment deteriorated slightly, while stricter hiring standards and longer selection processes also emerged in the Engineers sector. - FY2024WorsenedAnnual report
「In Japan's economy during the fiscal year under review, the Tankan survey announced in September 2024 showed that business sentiment among large manufacturers was improving. Although progress was being made toward normalising economic activity after the pandemic and recovering inbound demand, uncertainty about the outlook continued due to inflation caused by higher energy prices and the rapid depreciation of the yen.」
Although economic activity continued to normalise, uncertainty related to higher energy prices, inflation and the rapid depreciation of the yen persisted. The effective job openings-to-applicants ratio was 1.24x, unchanged from the previous survey. - FY2024-Q2WorsenedAnnual report
「During the cumulative second-quarter period under review (1 October 2023 to 31 March 2024), in Japan's economy, the March 2024 Tankan survey showed that business sentiment among large manufacturers deteriorated for the first time in four quarters. Although progress was made toward normalising economic activity after the pandemic and recovering inbound demand, uncertainty about the outlook continued due to inflation caused by higher energy prices and the rapid depreciation of the yen. At the Company, strong hiring demand continued, particularly in the “Engineers” and “Women” sectors, although the effective job openings-to-applicants ratio declined from the previous survey to 1.26x in February 2024.」
Business sentiment among large manufacturers deteriorated, while uncertainty related to higher energy prices and the weaker yen continued. The effective job openings-to-applicants ratio declined from 1.28x previously to 1.26x. Meanwhile, strong hiring demand continued, particularly in the Engineers and Women sectors. - FY2024-Q1Strong hiring demand continued despite the decline in the effective job openings-to-applicants ratio and slowing growth in some sectors.Annual report
「In November 2023, the effective job openings-to-applicants ratio was 1.28x, with the rate of increase slowing slightly from the previous survey. At the Company, although revenue growth in some sectors where hiring demand had risen sharply during the recovery from the pandemic began to stabilise, strong hiring demand continued, particularly in the “Engineers” and “Women” sectors.」
The effective job openings-to-applicants ratio declined from 1.29x previously to 1.28x, and revenue growth in some sectors that had experienced a rapid recovery also began to stabilise. Meanwhile, strong hiring demand continued, particularly in the Engineers and Women sectors. - FY2023WorsenedAnnual report
「In September 2023, the effective job openings-to-applicants ratio was 1.29x, remaining broadly unchanged from the previous survey. Although some companies began reviewing their hiring activities, strong hiring demand continued, particularly in the “Engineers” sector, while hiring demand in the “Women” sector, where recovery had been slowing, continued to show signs of recovery.」
The effective job openings-to-applicants ratio declined from 1.31x in the previous quarter to 1.29x, and some companies reviewed their hiring activities. Meanwhile, demand in the Engineers sector and the recovery in the Women sector continued. - FY2023-Q3WorsenedAnnual report
「Although uncertainty about the outlook continued due to higher resource prices resulting from the situation in Ukraine and the rapid depreciation of the yen, restrictions on activities related to COVID-19 were eased and progress was made toward normalising socioeconomic activity. In May 2023, the effective job openings-to-applicants ratio was 1.31x, with the rate of increase slowing slightly from the previous survey. Although some companies began reviewing their hiring activities, strong hiring demand continued, particularly in the “Engineers” sector, while the “Women” sector, where recovery had been slowing, continued to show signs of recovery.」
Amid continued uncertainty concerning the situation in Ukraine, resource prices and the weaker yen, the effective job openings-to-applicants ratio declined slightly to 1.31x, and some companies reviewed their hiring activities. Meanwhile, strong demand in the Engineers sector and the recovery trend in the Women sector continued. - FY2023-Q2WorsenedAnnual report
「In February 2023, the effective job openings-to-applicants ratio was 1.34x, with the rate of increase slowing slightly from the previous survey. Although some companies began reviewing their hiring activities, strong hiring demand continued, particularly in the “Engineers” sector, while the “Women” sector, where recovery had been slowing, continued to show signs of recovery.」
The effective job openings-to-applicants ratio declined slightly from 1.35x previously to 1.34x, and some companies began reviewing their hiring activities. Strong demand in the Engineers sector and the recovery trend in the Women sector continued. - FY2023-Q1Recovery in the effective job openings-to-applicants ratio and hiring demand continued despite ongoing uncertaintyAnnual report
「The effective job openings-to-applicants ratio was 1.35x in November 2022, with its rate of increase remaining flat from the previous survey. Strong hiring demand continued, particularly in the “engineer” field, and some companies resumed hiring in the “women” field, where recovery had slowed.」
Although uncertainty over the outlook continued due to the situation in Ukraine, yen depreciation, and the resurgence of COVID-19, the effective job openings-to-applicants ratio was 1.35x. The disclosure also noted strong hiring demand in the engineer field and resumed hiring in the women’s field. - FY2022The effective job openings-to-applicants ratio and hiring demand recovered despite continued uncertaintyAnnual report
「During the fiscal year, Japan’s economy continued to face an uncertain outlook. The September 2022 Tankan survey showed worsening business sentiment among large manufacturers. Although uncertainty continued due to surging resource prices resulting from the situation in Ukraine, the rapid depreciation of the yen, and the resurgence of COVID-19, restrictions on activity related to COVID-19 were eased and progress was made toward normalizing social and economic activity. The effective job openings-to-applicants ratio rose to 1.32x in September 2022, and strong hiring demand continued, particularly in the “engineer” field. Some companies also resumed hiring in the “women” field, where recovery had slowed.」
Although uncertainty remained due to the situation in Ukraine, surging resource prices, the rapid depreciation of the yen, and the resurgence of COVID-19, the effective job openings-to-applicants ratio rose to 1.32x. The disclosure also noted strong hiring demand in the engineer field and resumed hiring in the women’s field. - FY2022-Q3The rise in the effective job openings-to-applicants ratio and recovery in hiring demand continued, while uncertainty over the outlook remainedAnnual report
「During the cumulative third quarter of the fiscal year ending September 2022 (1 October 2021 to 30 June 2022), Japan’s economy continued to face an uncertain outlook due to surging resource prices resulting from the situation in Ukraine, uncertainty in overseas economies stemming from US-China trade friction, and the spread of COVID-19 variants. However, the effective job openings-to-applicants ratio rose to 1.24x in May 2022, and strong hiring demand continued, particularly in the “engineer” field. Some companies also resumed hiring in the “women” field, where recovery had slowed.」
Uncertainty over the outlook continued due to uncertainty in overseas economies, surging resource prices, and the spread of COVID-19 variants. Meanwhile, the effective job openings-to-applicants ratio rose to 1.24x, and the disclosure noted strong hiring demand in the engineer field and resumed hiring in the women’s field. - FY2022-Q2WorsenedAnnual report
「During the cumulative second quarter of the fiscal year ending September 2022 (1 October 2021 to 31 March 2022), Japan’s economy continued to face an uncertain outlook. The March 2022 Tankan survey showed worsening business sentiment among large manufacturers. In addition to uncertainty in overseas economies stemming from surging resource prices due to the situation in Ukraine and US-China trade friction, the spread of COVID-19 variants contributed to the uncertainty. The effective job openings-to-applicants ratio rose to 1.21x in February 2022. Strong hiring demand continued, particularly in the IT industry, and some companies resumed hiring in the women’s market, where recovery had slowed.」
The disclosure noted surging resource prices due to the situation in Ukraine and worsening business sentiment among large manufacturers, in addition to the existing uncertainty in overseas economies and the pandemic. Meanwhile, the effective job openings-to-applicants ratio rose to 1.21x, and the disclosure noted moves by companies to resume hiring. - FY2022-Q1RestatedAnnual report
「The outlook remained uncertain due to uncertainty in overseas economies stemming from US-China trade friction and the emergence of COVID-19 variants. The effective job openings-to-applicants ratio was 1.15x in November 2021, with its rate of increase remaining flat from the previous survey. Although many companies remained cautious about hiring due to the aforementioned economic uncertainty, some companies resumed hiring, primarily for IT engineer assignments.」
The disclosure noted continued uncertainty over the outlook due to uncertainty in overseas economies and COVID-19 variants, as well as companies’ cautious stance toward hiring. Meanwhile, some companies resumed hiring, primarily for IT engineer assignments. The effective job openings-to-applicants ratio was 1.15x. - FY2021The effective job openings-to-applicants ratio improved, but companies remained cautious about hiring and uncertainty over the outlook continuedAnnual report
「The effective job openings-to-applicants ratio rose to 1.16x in September 2021, with its rate of increase trending upward from the previous survey. Although many companies remained cautious about hiring due to the aforementioned economic uncertainty, some companies resumed hiring, primarily for IT engineer assignments.」
Although the effective job openings-to-applicants ratio improved from 1.03x in the previous period to 1.16x, companies’ cautious stance toward hiring and uncertainty over the economic outlook continued. - FY2021-Q2The effective job openings-to-applicants ratio improved, but the outlook remained uncertainAnnual report
「The outlook remained uncertain due to the resurgence of COVID-19. The effective job openings-to-applicants ratio was 1.09x in February 2021, although its rate of increase declined from the previous survey. Many companies remained cautious about hiring due to the aforementioned economic uncertainty, while some companies resumed hiring, primarily for IT engineer assignments.」
The resurgence of COVID-19 and companies’ cautious stance toward hiring continued. Meanwhile, the effective job openings-to-applicants ratio rose from the previously reported 1.06x to 1.09x, and some companies resumed hiring, primarily for IT engineer assignments. - FY2021-Q1The effective job openings-to-applicants ratio improved slightly amid a resurgence of infectionsAnnual report
「The outlook remained uncertain due to the resurgence of COVID-19. Meanwhile, the effective job openings-to-applicants ratio improved slightly to 1.06x in November 2020. Although many companies remained cautious about hiring due to the aforementioned economic uncertainty, some companies resumed hiring, primarily for IT engineer assignments.」
The disclosure stated that uncertainty over the outlook continued due to the resurgence of COVID-19, while the effective job openings-to-applicants ratio improved slightly from 1.03x in the previous period to 1.06x and some companies resumed hiring, primarily for IT engineer assignments. - FY2020WorsenedAnnual report
「The effective job openings-to-applicants ratio fell sharply to 1.03x in September 2020, and the trend toward reducing or suspending hiring activity intensified rapidly among many client companies in response to the aforementioned economic uncertainty.」
The disclosure stated that the effective job openings-to-applicants ratio had fallen to 1.03x and that the reduction or suspension of hiring activity had spread from some companies to many client companies. - FY2020-Q3WorsenedAnnual report
「The effective job openings-to-applicants ratio fell sharply to 1.20x in May 2020, and the trend toward reducing or suspending hiring activity intensified rapidly among some client companies in response to the aforementioned economic uncertainty.」
The effective job openings-to-applicants ratio fell to 1.20x, and the trend toward reducing or suspending hiring activity intensified rapidly among some client companies. In addition to the existing uncertainty in overseas economies, the impact of the pandemic-related economic slowdown became apparent. - FY2020-Q2WorsenedAnnual report
「During the cumulative second quarter of the fiscal year ending September 2020 (1 October 2019 to 31 March 2020), Japan’s economy continued to face an uncertain outlook. The April 2020 Tankan survey showed worsening business sentiment across all industries. In addition to uncertainty in overseas economies stemming from US-China trade friction and the UK’s withdrawal from the EU, the global spread of COVID-19 contributed to the continued economic uncertainty.」
The disclosure noted the global spread of COVID-19, worsening business sentiment across all industries, and slowing growth in the effective job openings-to-applicants ratio, in addition to the existing uncertainty in overseas economies. At some client companies, the trend toward reducing or suspending hiring activity intensified. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter, Japan’s economy continued to face an uncertain outlook due to uncertainty in overseas economies stemming from US-China trade friction and the UK’s withdrawal from the EU. The December 2019 Tankan survey continued to show worsening business sentiment among large manufacturers. Although the effective job openings-to-applicants ratio remained high at 1.57x in November 2019, its rate of increase slowed, and some client companies showed signs of reducing hiring activity in response to the aforementioned economic uncertainty. This trend has not yet spread to the overall hiring market, but the Company will manage its operations while closely monitoring economic trends.」
The disclosure continued to note uncertainty in overseas economies, worsening business sentiment among large manufacturers, slowing growth in the effective job openings-to-applicants ratio, and reduced hiring activity by some client companies. - FY2019WorsenedAnnual report
「In Japan’s economy during the fiscal year ended September 2019, the September Tankan survey began to show worsening business sentiment among large manufacturers. Uncertainty over the outlook continued due to uncertainty in overseas economies stemming from US-China trade friction and the UK’s withdrawal from the EU. Although the effective job openings-to-applicants ratio remained high at 1.57x in September 2019, its rate of increase slowed, and some client companies showed signs of reducing hiring activity in response to the aforementioned economic uncertainty.」
The disclosure noted uncertainty in overseas economies, worsening business sentiment among large manufacturers, slowing growth in the effective job openings-to-applicants ratio, and reduced hiring activity by some client companies. - FY2019-Q3WorsenedAnnual report
「During the cumulative third quarter of the fiscal year ending September 2019 (1 October 2018 to 30 June 2019), Japan’s effective job openings-to-applicants ratio remained high at 1.62x in May. However, the July Tankan survey showed continued caution in business sentiment among large manufacturers. Uncertainty over the outlook continued due to uncertainty in overseas economies stemming from US-China trade friction and the UK’s withdrawal from the EU, and some client companies showed signs of reducing hiring activity. This trend has not yet spread to the overall hiring market, but the Company will manage its operations while closely monitoring economic trends.」
The disclosure stated that uncertainty in overseas economies arising from US-China trade friction and the UK’s withdrawal from the EU had become apparent, with some client companies showing signs of reducing hiring activity. However, it stated that this had not yet spread to the overall hiring market. The effective job openings-to-applicants ratio was 1.62x. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year ending September 2019 (1 October 2018 to 31 March 2019), Japan’s economy continued to face an uncertain outlook due to the impact of the global economy and other factors. However, corporate earnings improved against the backdrop of various policies, and the economy followed a gradual recovery trend. Hiring sentiment among companies remained strong, and the effective job openings-to-applicants ratio remained high at 1.63x in February 2019.」
The disclosure continued to indicate uncertainty over the outlook due to the impact of the global economy, while stating that the domestic economy was gradually recovering and that the effective job openings-to-applicants ratio was 1.63x in February 2019. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year ending September 2019 (1 October 2018 to 31 December 2018), Japan’s economy continued to face an uncertain outlook due to the impact of the global economy and other factors. However, corporate earnings improved against the backdrop of various policies, and the economy followed a gradual recovery trend. Employment conditions remained favorable, with hiring sentiment among companies continuing to be strong, and the effective job openings-to-applicants ratio remained high at 1.63x in November 2018.」
The disclosure continued to indicate uncertainty over the outlook due to the impact of the global economy, while stating that the domestic economy was gradually recovering and that the effective job openings-to-applicants ratio was 1.63x in November 2018. - FY2018-Q3RestatedAnnual report
「Hiring sentiment among companies remained strong, and the effective job openings-to-applicants ratio remained high at 1.60x in May 2018.」
The disclosure continued to indicate uncertainty over the outlook due to the global economy, while stating that hiring sentiment among companies was strong and that the effective job openings-to-applicants ratio was 1.60x. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year ending September 2018 (1 October 2017 to 31 March 2018), Japan’s economy continued to face an uncertain outlook due to the impact of the global economy and other factors. However, corporate earnings improved against the backdrop of various policies, and the economy followed a gradual recovery trend. Hiring sentiment among companies remained strong, and the effective job openings-to-applicants ratio remained high at 1.58x in February 2018.」
The disclosure continued to indicate uncertainty over the outlook due to the global economy, while stating that the domestic economy was recovering and that the effective job openings-to-applicants ratio was 1.58x in February 2018. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year ending September 2018 (1 October 2017 to 31 December 2017), Japan’s economy continued to face an uncertain outlook due to the impact of the global economy and other factors. However, corporate earnings improved against the backdrop of various policies, and the economy followed a gradual recovery trend. Hiring sentiment among companies remained strong, and the effective job openings-to-applicants ratio remained high at 1.56x in November 2017.」
The disclosure continued to indicate uncertainty over the outlook due to the global economy, while stating that the domestic economy was gradually recovering and that the effective job openings-to-applicants ratio was 1.56x in November 2017. - FY2017RestatedAnnual report
「During the fiscal year ended September 2017 (1 October 2016 to 30 September 2017), Japan’s economy continued to face an uncertain outlook due to the impact of the global economy and other factors. However, corporate earnings improved against the backdrop of various policies, and the economy followed a gradual recovery trend. Hiring sentiment among companies remained strong, and the effective job openings-to-applicants ratio remained high at 1.52x in September 2017.」
The disclosure continued to indicate uncertainty over the outlook due to the global economy, while stating that the domestic economy was gradually recovering and that the effective job openings-to-applicants ratio was 1.52x in September 2017. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year ending September 2017 (1 October 2016 to 30 June 2017), Japan’s economy continued to face an uncertain outlook due to the impact of the global economy and other factors. However, corporate earnings improved against the backdrop of various policies, and the economy followed a gradual recovery trend. Hiring sentiment among companies remained strong, and the effective job openings-to-applicants ratio remained high at 1.49x in May 2017.」
The disclosure continued to indicate uncertainty over the outlook due to the impact of the global economy, while stating that the domestic economy was recovering and that the effective job openings-to-applicants ratio was 1.49x. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year ending September 2017 (1 October 2016 to 31 March 2017), Japan’s economy continued to face an uncertain outlook due to the impact of the global economy and other factors. However, corporate earnings improved against the backdrop of various policies, and the economy followed a gradual recovery trend. Hiring sentiment among companies remained strong, and the effective job openings-to-applicants ratio remained high at 1.43x in February 2017.」
The disclosure continued to indicate uncertainty over the outlook due to the global economy, while noting the recovery trend in the domestic economy and employment and the effective job openings-to-applicants ratio of 1.43x. - FY2017-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year ending September 2017 (1 October 2016 to 31 December 2016), Japan’s economy continued to face an uncertain outlook due to the impact of the global economy and other factors. However, corporate earnings improved against the backdrop of various policies, and the economy followed a gradual recovery trend. Hiring sentiment among companies remained strong, and the effective job openings-to-applicants ratio remained high at 1.41x in November 2016.」
The disclosure continued to indicate uncertainty over the outlook due to the impact of the global economy, while stating that the domestic economy and employment were recovering and that the effective job openings-to-applicants ratio was 1.41x. - FY2016RestatedAnnual report
「During the fiscal year ended September 2016, Japan’s economy continued to face an uncertain outlook due to the impact of the global economy and other factors, although overall conditions, including business sentiment and employment, followed a recovery trend. Accordingly, the effective job openings-to-applicants ratio stood at 1.38x in September 2016, a high level, and demand for hiring continued to increase.」
The disclosure continued to indicate uncertainty over the outlook due to the impact of the global economy, while stating that business sentiment and employment were recovering and that the effective job openings-to-applicants ratio was 1.38x. - FY2016-Q3First statedAnnual report
「During the cumulative third quarter of the fiscal year ending June 2016 (1 October 2015 to 30 June 2016), Japan’s economy remained uncertain due to the impact of the global economy and other factors. However, corporate earnings improved against the backdrop of various policies, and the economy followed a gradual recovery trend.」
The disclosure indicated continued uncertainty over the outlook due to the impact of the global economy and other factors, while stating that the domestic economy was gradually recovering.