Stalling Recovery in Private Consumption
First written in FY2018-Q1. 6 of 10 entries say "Restated". Latest entry: FY2024-Q1.
All About moved to the "Worse" side of this theme in 2023, 3 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 53 of 68 companies on the "Worse" side.
1 other company's latest entry also says "Softened".
- FY2024-Q1SoftenedAnnual report
「As the impact of COVID-19 waned and socioeconomic activity moved toward normalization, corporate efforts to pass on higher prices and improvements in employment and income conditions contributed to rising prices, a recovery in personal consumption and improved corporate earnings. The economy was therefore expected to recover moderately.」
The disclosure has shifted from a stalled recovery in personal consumption to a situation in which personal consumption is recovering and corporate earnings are improving. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, a recovery was expected as economic activity resumed amid the impact of COVID-19. However, the situation remained severe, as infections spread again and a state of emergency was reimposed.」
The disclosure continues to state that the domestic economy is in a severe situation due to the renewed spread of infections and reimposition of the state of emergency. - FY2021-Q2RestatedAnnual report
「The economy deteriorated sharply due to the spread of COVID-19 and remains in a severe situation. Although signs of a gradual recovery have emerged as social and economic activity resumes,」
While continuing to describe the severe economic environment caused by COVID-19, the disclosure also notes a recovery accompanying the resumption of social and economic activity. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter of the fiscal year, the Japanese economy entered an extremely severe situation as the global spread of COVID-19 had a significant impact on personal consumption and corporate activity.」
The disclosure has shifted from the previous description of a stalled recovery in personal consumption to a statement that COVID-19 had a significant impact on personal consumption and corporate activity, resulting in an extremely severe economic environment. - FY2020-Q1SoftenedAnnual report
「During the three-month period ended [the first quarter], Japan’s economy continued to recover moderately, supported by improvements in employment and income conditions. However, the outlook remained uncertain amid growing concerns about a slowdown in the global economy caused by trade friction between the US and China.」
The previous description of a stalled recovery in personal consumption is no longer stated; instead, the disclosure focuses on the economic recovery trend driven by improvements in employment and income conditions and uncertainty caused by overseas factors. - FY2019-Q3RestatedAnnual report
「Although the economy continued to recover moderately, the recovery in personal consumption remained stalled.」
The disclosure continues to describe a situation in which personal consumption recovery is stalling despite the economy's recovery trend. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, the Japanese economy continued to recover moderately, but the recovery in personal consumption remained stalled.」
The disclosure continues to describe a situation in which personal consumption recovery is stalling despite the economy's recovery trend. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, the Japanese economy continued to recover moderately, but the recovery in personal consumption remained stalled.」
The disclosure continues to describe a situation in which personal consumption recovery is stalling despite the economy's recovery trend. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, the Japanese economy continued to recover moderately, but the recovery in personal consumption remained stalled.」
The disclosure continues to describe a situation in which personal consumption recovery is stalling despite the economy's recovery trend. - FY2018-Q1First statedAnnual report
「Although the economy continued to recover moderately, the recovery in personal consumption remained stalled.」
The external environment, in which the domestic economy is recovering while the recovery in personal consumption remains stagnant, is cited as a new risk factor.