Gradual recovery trend in the economy
First written in FY2016-Q3. 12 of 31 entries say "Restated". Latest entry: FY2026-H1.
E-Supportlink moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 23 of 54 companies on the "Worse" side.
18 other companies' latest entry also says "Other".
- FY2026-H1Updated for uncertainty arising from higher interest rates and crude oil pricesAnnual report
「During the first six months of the current consolidated fiscal year, the Japanese economy remained on a moderate recovery trend, supported by improvements in employment and income conditions, continued wage increases and the recovery in personal consumption. Meanwhile, the outlook for the economy remained uncertain due to rising interest rates associated with the normalization of monetary policy and persistently high crude oil prices resulting from heightened tensions in the Middle East.」
While recognizing the economy's moderate recovery trend, the disclosure added rising interest rates associated with the normalization of monetary policy and higher crude oil prices due to conditions in the Middle East as factors contributing to an uncertain outlook. - FY2025-H1U.S. tariffs and trade issues were added.Annual report
「Persistently high prices posed a risk of weighing on the domestic economy. In addition, trade issues, including U.S. tariff measures, increased uncertainty regarding economic conditions, requiring close attention to their impact on corporate earnings.」
While maintaining the view that the economy is recovering moderately, the disclosure added trade issues, including U.S. tariff measures, to high prices as sources of uncertainty for corporate earnings. - FY2024The downside factors of overseas economies, U.S. policy and conditions in the Middle East were updated.Annual report
「A downturn in overseas economies, including the continued high interest-rate environment in Europe and the United States and the impact of stagnation in China's property market, posed a risk of weighing on Japan's economy. Sufficient attention must be paid to the impact of rising prices, U.S. policy developments, conditions in the Middle East and fluctuations in financial and capital markets.」
While maintaining the view that the economy is recovering moderately, the disclosure identified interest rates in Europe and the United States, China's property market, U.S. policy and conditions in the Middle East as downside factors. - FY2024-Q2The downside factors of overseas economies and China's property market were updated.Annual report
「A downturn in overseas economies, including the impact of global monetary tightening and stagnation in China's property market, posed a risk of weighing on Japan's economy. Sufficient attention must be paid to rising prices, conditions in the Middle East and fluctuations in financial and capital markets.」
While maintaining the view that the economy is recovering moderately, the disclosure added stagnation in China's property market as a downside factor for overseas economies. - FY2023The outlook was updated to reflect economic recovery and overseas, price and geopolitical risks.Annual report
「During the current consolidated fiscal year, the Japanese economy was recovering moderately as the easing of restrictions related to COVID-19 led to improvements in employment and income conditions and normalization of economic activity. Meanwhile, the impact of global monetary tightening and concerns about the outlook for the Chinese economy posed risks that a downturn in overseas economies could weigh on the domestic economy. Sufficient attention must be paid to rising prices, conditions in the Middle East and fluctuations in financial and capital markets.」
While recognizing economic recovery and normalization, the disclosure added global monetary tightening, the Chinese economy, conditions in the Middle East, rising prices and financial market volatility as downside factors. - FY2023-Q3RestatedAnnual report
「During the nine-month period of the current consolidated fiscal year, Japan's economy was recovering moderately, supported by an upturn in personal consumption, particularly services consumption, and the capture of rebound demand following the easing of COVID-19 measures. Expanded inbound demand and improvements in the employment environment, including wage increases, were expected to support the economy for the time being. However, downside risks remained due to rising prices, persistently high resource prices, a slowdown in overseas economies and financial market volatility, requiring continued close attention to these developments.」
The disclosure recognized an economic recovery driven by personal consumption, inbound demand and the employment environment, while continuing to identify downside risks from high prices, persistently high resource prices, a slowdown in overseas economies and financial market volatility. - FY2023-Q2The outlook was updated to reflect economic recovery and downside concerns.Annual report
「During the six-month period of the current consolidated fiscal year, the economy was recovering, supported by an upturn in personal consumption, particularly services consumption, and the resumption of inbound demand. In addition to the transition of COVID-19 to Category 5 under the Infectious Diseases Control Law, improvements in employment conditions and broader wage increases were expected to support the economy. However, downside concerns remained due to rising prices, persistently high resource prices, a slowdown in overseas economies and financial market volatility, requiring close attention to these developments.」
The disclosure recognized an economic recovery driven by personal consumption, inbound demand and employment conditions, while identifying high prices, persistently high resource prices, a slowdown in overseas economies and financial market volatility as downside factors. - FY2023-Q1RestatedAnnual report
「During the three-month period of the current consolidated fiscal year, the outlook for financial markets remained uncertain due to higher resource prices and inflation, raising concerns about the impact on corporate activity and requiring continued close monitoring of economic developments. Meanwhile, measures against COVID-19 entered a new phase, with restrictions on activities being eased and a planned transition to Category 5 under the Infectious Diseases Control Law, raising expectations for progress toward balancing those measures with economic activity.」
While continuing to recognize higher resource prices, inflation and uncertainty in financial markets, the disclosure noted expectations that eased measures against COVID-19 would proceed alongside economic activity. - FY2022WorsenedAnnual report
「During the current consolidated fiscal year, Japan's economy entered a new phase in which measures against COVID-19 were being pursued alongside economic activity, with responses being implemented while assessing their impact on the economy. Meanwhile, amid heightened international tensions, concern remained about the impact on consumption from higher resource prices, inflation and financial market trends. The outlook was expected to remain uncertain, requiring close monitoring of developments.」
While recognizing the normalization of economic activity, the disclosure added the impact on consumption and uncertainty arising from heightened international tensions, higher resource prices, inflation and financial market trends. - FY2022-Q3WorsenedAnnual report
「During the nine-month period of the current consolidated fiscal year, Japan's economy was moving toward normalization under various measures against COVID-19. However, sluggish consumer sentiment driven by defensive household spending was expected due to soaring resource prices, rising prices and the historically weak yen, and downside risks to the economy and a highly uncertain outlook remained.」
While recognizing the normalization of economic activity, the disclosure identified soaring resource prices, rising prices, the historically weak yen and sluggish consumer sentiment as new downside factors. - FY2022-Q2WorsenedAnnual report
「During the six-month period of the current consolidated fiscal year, the Japanese economy was moving toward normalization as measures against COVID-19 were eased. Although consumer sentiment was recovering, sluggish growth driven by defensive household spending was expected due to supply chain constraints arising from the current international situation, soaring resource prices and inflation, and turmoil in financial markets. Downside risks to the economy remained, and the outlook was highly uncertain.」
While recognizing the recovery in economic activity and consumer sentiment, the disclosure identified supply chain constraints arising from the international situation, higher resource prices and inflation, and financial market turmoil as new downside factors. - FY2022-Q1Recovery trends and downside risks from COVID-19 and rising prices were both noted.Annual report
「During the three-month period of the current consolidated fiscal year, the Japanese economy remained in a severe situation, as the ongoing recovery trend could not avoid the impact of the spread of COVID-19 variants. Rising food and energy prices driven by both supply and demand pushed up overall prices, and continued attention must be paid to the downside risk to personal consumption.」
While recognizing the recovery trend in the economy, the disclosure additionally noted the spread of COVID-19 variants, rising food and energy prices, and downside risks to personal consumption. - FY2021WorsenedAnnual report
「During the current consolidated fiscal year, the Japanese economy remained in a severe situation due to the impact of COVID-19, and the outlook remained uncertain, requiring close monitoring of trends in COVID-19 domestically and overseas and fluctuations in financial and capital markets. Although progress in vaccinations against COVID-19 has raised expectations for an early recovery in economic activity, sufficient attention must be paid to the risk of a downturn in personal consumption due to the impact of higher resource prices and the weaker yen.」
As the severe economic situation and uncertainty under COVID-19 continued, the downside risk to personal consumption from higher resource prices and the weaker yen was added. - FY2021-Q3WorsenedAnnual report
「During the nine-month period of the current consolidated fiscal year, the Japanese economy remained in a severe situation due to the impact of COVID-19. Although signs of recovery continued, the pace had recently slowed.」
The view was updated to reflect that recovery continued under the impact of COVID-19, but its pace had slowed. - FY2021-Q2Continued recovery and increasing weakness in some areas were noted.Annual report
「During the six-month period of the current consolidated fiscal year, the Japanese economy remained in a severe situation due to the impact of COVID-19. Although signs of recovery continued, weakness increased in some areas.」
The view was expressed that, although the economy remained in a severe situation under the impact of COVID-19, signs of recovery continued and weakness increased in some areas. - FY2021-Q1Recovery in capital investment and weakness in personal consumption were noted.Annual report
「During the three-month period of the current consolidated fiscal year, the Japanese economy remained in a severe situation due to the impact of COVID-19. Corporate capital investment had recently shown signs of recovery, but personal consumption remained weak.」
While capital investment showed signs of recovery, personal consumption remained weak, and the view was expressed that the economy remained in a severe situation due to the impact of COVID-19. - FY2020WorsenedAnnual report
「During the current consolidated fiscal year, the Japanese economy remained in a severe situation due to the impact of COVID-19. Although the level of socioeconomic activity is being raised while measures are taken to prevent the spread of infection and various policies are beginning to take effect, sufficient attention must be paid to the risk that COVID-19 could cause domestic and overseas economies to deteriorate.」
The view was updated from the previous view of a moderate recovery trend to a situation that remains severe due to COVID-19 and requires attention to downside risks to the economy. - FY2020-Q3Recovery in consumption and weakness in capital investment and employment conditions were noted.Annual report
「During the nine-month period of the current consolidated fiscal year, personal consumption in Japan was recovering due to various government measures addressing COVID-19, while capital investment and employment conditions remained weak. Sufficient attention must continue to be paid to the impact of COVID-19 on domestic and overseas economies.」
The view was updated from the previous quarter's "extremely severe situation" to one in which personal consumption is recovering while capital investment and employment conditions remain weak and caution regarding the impact of COVID-19 continues. - FY2020-Q2WorsenedAnnual report
「During the six-month period of the current consolidated fiscal year, the Japanese economy was in an extremely severe situation due to the impact of COVID-19, with corporate capital investment weakening, personal consumption declining rapidly and employment conditions deteriorating further.」
The view changed from the moderate recovery trend seen through the previous quarter to an extremely severe situation involving deterioration in capital investment, personal consumption and employment conditions due to COVID-19. - FY2020-Q1WorsenedAnnual report
「During the three-month period of the current consolidated fiscal year, the Japanese economy was recovering moderately, supported by the recovery in personal consumption and improving employment conditions, although there was some weakness in the increase in corporate capital investment. Sufficient attention must be paid to the impact of COVID-19 on domestic and overseas economies.」
The view that the economy is recovering moderately was maintained, while attention was added regarding some weakness in capital investment and the impact of COVID-19 on domestic and overseas economies. - FY2019-Q2RestatedAnnual report
「During the six-month period of the current consolidated fiscal year, the Japanese economy was recovering moderately, supported by the recovery in personal consumption, a moderate increase in corporate capital investment and steady improvement in employment conditions, although some weakness was seen in exports and production.」
While some weakness was seen in exports and production, the view remains unchanged that personal consumption, capital investment and employment conditions are improving and that the economy is recovering moderately. - FY2019-Q1RestatedAnnual report
「During the three-month period of the current consolidated fiscal year, the Japanese economy was recovering moderately, supported by the recovery in personal consumption, increased corporate capital investment and steady improvement in employment conditions.」
The view remains unchanged that personal consumption, capital investment and employment conditions are improving and that the economy is recovering moderately. - FY2018RestatedAnnual report
「The Japanese economy was recovering moderately during the current consolidated fiscal year, supported by the recovery in personal consumption, increased corporate capital investment and steady improvement in employment conditions.」
The view remains unchanged that personal consumption, capital investment and employment conditions are improving and that the economy is recovering moderately. - FY2018-Q3RestatedAnnual report
「During the nine-month period of the current consolidated fiscal year, personal consumption in Japan was recovering, corporate earnings continued to improve, and capital investment increased moderately, with the economy remaining on a moderate recovery trend.」
The view remains unchanged that personal consumption, corporate earnings and capital investment are improving or recovering and that the economy is on a moderate recovery trend. - FY2018-Q1RestatedAnnual report
「Personal consumption was recovering, corporate earnings continued to improve, and capital investment continued to trend upward, with the economy continuing to recover moderately.」
The view remains unchanged that personal consumption, corporate earnings and capital investment are improving or recovering, and that the economy is recovering moderately. - FY2017RestatedAnnual report
「During the current consolidated fiscal year, personal consumption in Japan was gradually recovering, while corporate capital investment and employment conditions showed signs of improvement, and the economy remained on a moderate recovery trend.」
The view remains unchanged that personal consumption, capital investment and employment conditions are improving and that the economy is on a moderate recovery trend. - FY2017-Q3RestatedAnnual report
「During the nine-month period of the current consolidated fiscal year, personal consumption in Japan was gradually recovering, and capital investment was also recovering. Employment conditions were improving, and the economy remained on a moderate recovery trend.」
The view remains unchanged that personal consumption and capital investment are recovering, employment conditions are improving, and the economy is on a moderate recovery trend. - FY2017-Q2RestatedAnnual report
「During the six-month period of the current consolidated fiscal year, the Japanese economy remained on a moderate recovery trend, with personal consumption generally continuing to recover and corporate earnings and employment conditions improving.」
The view remains unchanged that personal consumption is recovering, corporate earnings and employment conditions are improving, and the economy is on a moderate recovery trend. - FY2017-Q1RestatedAnnual report
「During the three-month period of the current consolidated fiscal year, the Japanese economy remained on a moderate recovery trend, with personal consumption showing signs of recovery and corporate earnings and employment conditions showing signs of improvement.」
The view that the economy is on a moderate recovery trend remains unchanged. - FY2016RestatedAnnual report
「During the current consolidated fiscal year, the Japanese economy remained on a moderate recovery trend, with corporate earnings and employment conditions showing signs of improvement while personal consumption remained firm.」
The view that the economy is on a moderate recovery trend remains unchanged. - FY2016-Q3First statedAnnual report
「During the nine-month period of the current consolidated fiscal year, the Japanese economy remained on a moderate recovery trend, with capital investment and employment conditions improving, although personal consumption was generally flat.」
Personal consumption was generally flat, while capital investment and employment conditions improved, and the economy was described as being on a moderate recovery trend.