Uncertainty in overseas economies arising from US-China trade friction and the UK's withdrawal from the EU
First written in FY2020-Q2. 8 of 15 entries say "Restated". Latest entry: FY2024.
Honeys Holdings moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 140 of 172 companies on the "Worse" side.
54 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「During the nine-month period under review, Japan's economy continued to recover gradually as socioeconomic activity moved toward normalisation, although some areas showed signs of stagnation. Despite signs of improvement in employment and income conditions, personal consumption remained sluggish as higher prices, particularly for food, increased households' inclination to economise, making this a downward factor.」
While indicating the normalisation of socioeconomic activity and an economic recovery, the company continues to identify a greater inclination to economise due to higher prices and sluggish personal consumption as risks in the economic environment. - FY2024-Q3RestatedAnnual report
「During the nine-month period under review, Japan's economy continued to recover gradually as socioeconomic activity moved toward normalisation, although some areas showed signs of stagnation. Despite signs of improvement in employment and income conditions, personal consumption remained sluggish as higher prices, particularly for food, increased households' inclination to economise, making this a downward factor.」
The company continues to describe the normalisation of socioeconomic activity and a gradual economic recovery, while citing a greater inclination to economise due to higher prices and sluggish personal consumption as downward factors. - FY2023ReframedAnnual report
「As restrictions related to COVID-19 were eased and socioeconomic activity moved toward normalisation, opportunities to go out, including commuting, attending school and participating in various events, increased, and personal consumption gradually recovered. Meanwhile, higher prices for food and energy and foreign exchange fluctuations were downward factors.」
The situation shifted from economic stagnation caused by the pandemic and restrictions to the normalisation of socioeconomic activity and a recovery in personal consumption, while rising prices and foreign exchange fluctuations emerged as new downward factors. - FY2023-Q2RestatedAnnual report
「During the first half of the current consolidated fiscal year, the Japanese economy entered a recovery trend, with consumer spending showing signs of recovery as COVID-19 measures and regulatory easing progressed. However, higher resource prices and inflation caused by exchange-rate factors weighed on the economy.」
While consumer spending was on a recovery trend due to regulatory easing and other factors, inflation caused by higher resource prices and exchange-rate factors continued to weigh on the economy. - FY2022WorsenedAnnual report
「Looking ahead, the slowdown in overseas economies, driven mainly by higher resource prices, is expected to weigh on business conditions. Meanwhile, the impact of COVID-19 is expected to largely normalize, particularly in personal consumption, as living with COVID-19 becomes established.」
While expecting the impact of COVID-19 to normalize, the company identifies the slowdown in overseas economies against the backdrop of higher resource prices as a new factor weighing on business conditions. - FY2022-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, consumer spending showed signs of recovery, but the economic environment remained uncertain as the COVID-19 pandemic repeatedly improved and worsened.」
While consumer spending showed signs of recovery, the company explains that the economic environment remains uncertain as the pandemic repeatedly improves and worsens. - FY2022-Q2RestatedAnnual report
「During the first half of the current consolidated fiscal year, a recovery in consumer spending was expected against the backdrop of declining COVID-19 cases and the easing of activity restrictions. However, the outlook remained uncertain as infection levels repeatedly improved and worsened.」
While indicating expectations for a recovery from declining case numbers and the easing of activity restrictions, the company explains that the economic environment remains uncertain as infection levels repeatedly improve and worsen. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, repeated waves of COVID-19 infections left the outlook for the Japanese economy uncertain.」
The company explains that the repeated waves of infections have left the economic outlook uncertain. - FY2021RestatedAnnual report
「During the current consolidated fiscal year, the Japanese economy remained highly volatile: consumer sentiment recovered and spending on services increased as COVID-19 infections moved toward containment, while spending on services also declined when infections resurged.」
The company explains that a highly volatile economic environment has continued, with consumption rising and falling in response to the infection situation. - FY2021-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, the Japanese economy remained highly volatile: consumer sentiment recovered and spending on services increased as COVID-19 infections moved toward containment, while spending on services also declined when infections resurged.」
The company explains that a highly volatile economic environment has continued, with consumption rising and falling in response to the infection situation. - FY2021-Q2WorsenedAnnual report
「Although the resumption of economic activity following the lifting of the state of emergency and the stimulus effect of economic measures such as Go To Travel provided support, the pace of economic recovery remained slow as COVID-19 resurged.」
While the resumption of economic activity and economic measures provided support, the resurgence of COVID-19 slowed the pace of economic recovery, and the uncertain economic environment continued. - FY2021-Q1WorsenedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, the Japanese economy showed signs of recovery in some areas as economic activity resumed following the lifting of the state of emergency. However, the outlook for the economy remained uncertain due to factors including uncertainty surrounding the resurgence of COVID-19.」
While the resumption of economic activity offered signs of recovery, uncertainty surrounding the resurgence of COVID-19 has kept the outlook for the economy uncertain. - FY2020WorsenedAnnual report
「In the second half, the economy deteriorated rapidly and extremely difficult conditions continued due to the effects of the stagnation in domestic and overseas economic activity accompanying the spread of COVID-19, in addition to US-China trade tensions and the UK's withdrawal from the EU.」
In addition to the uncertainty caused by US-China trade tensions and the UK's withdrawal from the EU, the stagnation of economic activity caused by COVID-19 occurred, and the economic environment deteriorated rapidly. - FY2020-Q3WorsenedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, the Japanese economy remained on a gradual recovery path as corporate earnings and the employment and income environment improved. However, uncertainty increased further due to the effects of the US-China trade tensions, the UK's withdrawal from the EU, and the global spread of the novel coronavirus.」
In addition to the existing uncertainty from US-China trade tensions and the UK's withdrawal from the EU, the global spread of the novel coronavirus further increased uncertainty in the overseas and domestic economies. - FY2020-Q2First statedAnnual report
「At the same time, the economy remained in an uncertain outlook, amid concerns about weaker consumer sentiment due to the consumption tax increase implemented in October, in addition to overseas economic uncertainty caused by the prolonged US-China trade tensions and the UK's withdrawal from the EU.」
The company identifies the prolonged US-China trade tensions and the UK's withdrawal from the EU as sources of overseas economic uncertainty and factors contributing to an uncertain outlook for the first time.