Resilience of Corporate Earnings and Capital Investment
First written in FY2019-Q1. 9 of 18 entries say "Reframed", first in FY2020-Q1. Latest entry: 2026-07-31.
Yutaka Foods moved to the "Worse" side of this theme in 2020.
0 other companies' latest entry also says "Reframed".
- 2026-07-31ReframedEarnings
「Under its medium-term management plan commencing in the fiscal year ending March 2026, the company is pursuing a basic management policy of developing products that make maximum use of its proprietary technologies and facilities, strengthening and stabilizing its earnings base in light of the social environment, and seeking to enhance corporate value sustainably.」
Following the explanation of the business environment, the basic policies of the medium-term management plan were clearly stated. - FY2026ReframedAnnual report
「Japan's economy in the fiscal year was recovering moderately as the employment and income environment improved, but the outlook remained uncertain because international tensions were escalating, resource prices were surging and financial markets were volatile.」
The description changed to one that cited both improvements in the employment and income environment and a moderate recovery, as well as uncertainty caused by the international situation, soaring resource prices and financial market volatility. - FY2024ReframedAnnual report
「Japan's economy in the fiscal year remained in a situation in which the outlook for the domestic economy was uncertain, owing to the ongoing depreciation of the yen, rising prices attributable to conditions in Ukraine and the Middle East, and growing expectations of higher interest rates in Japan.」
The focus shifted from descriptions centered on post-pandemic economic normalization and signs of recovery to uncertainty involving yen depreciation, conditions in Ukraine and the Middle East, rising prices and expectations of higher interest rates. - FY2024-Q1ReframedAnnual report
「During the first three months of the fiscal year, Japan’s economy continued to face an uncertain outlook. Economic activity was normalizing after the classification of COVID-19 under the Infectious Diseases Control Law was changed to Category 5, but the yen’s depreciating trend continued and global resource and raw-material prices remained high due to the situation involving Russia and Ukraine.」
The description changed from one concerning constraints on economic activity and signs of recovery caused by infectious diseases to one that cited both the normalization of economic activity following the reclassification of COVID-19 as a Class 5 disease under the Infectious Diseases Control Law and uncertainty caused by yen depreciation and soaring resource and raw material prices. - FY2023ReframedAnnual report
「Restrictions on activity related to COVID-19 were gradually eased and economic activity was beginning to recover moderately, but the outlook for the domestic economy remained uncertain because of the renewed spread of infections, the rapid depreciation of the yen and higher energy and raw material prices resulting from the unstable international situation.」
The description changed from one centered on constraints and deterioration caused by infectious diseases to one that cited both the recovery in economic activity and uncertainty caused by yen depreciation, the international situation and soaring prices. - FY2023-Q2RestatedAnnual report
「During the first six months of the fiscal year, Japan’s economy was moving toward a normalization of economic activity as restrictions on personal activity were eased following progress in vaccinations. However, the outlook remains uncertain amid the rapid depreciation of the yen, soaring energy and raw-material prices resulting from the prolonged Russian invasion of Ukraine, and concerns about higher prices arising from these developments.」
The view that economic activity is normalizing following the easing of restrictions, while yen depreciation, the prolonged war and soaring prices are creating uncertainty, continues from the previous quarter. - FY2023-Q1ReframedAnnual report
「During the first three months of the fiscal year, Japan’s economy was moving toward a normalization of economic activity as restrictions on personal activity were eased following progress in vaccinations. However, the outlook remains uncertain amid the rapid depreciation of the yen, soaring energy and raw-material prices resulting from the prolonged Russian invasion of Ukraine, and concerns about higher prices arising from these developments.」
The description changed from one centered on constraints on economic activity caused by COVID-19 to one that cited both the normalization of economic activity following the easing of restrictions and uncertainty caused by yen depreciation, the prolonged war and soaring prices. - FY2022RestatedAnnual report
「Japan's economy in the fiscal year saw various economic activities voluntarily suspended or restricted because of the spread of COVID-19.」
The view that COVID-19 has constrained economic activity and left the outlook uncertain continues. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter, Japan's economy faced a situation in which the political and economic impact of the prolonged global spread of COVID-19 was immeasurable,」
The view that the prolonged global spread of COVID-19 is having a significant and highly uncertain impact on politics and the economy continues. - FY2021ReframedAnnual report
「Japan's economy in the fiscal year was affected by COVID-19 in every respect. Vaccinations began both domestically and worldwide, and although containment of the spread of COVID-19 was expected, the emergence of variants left the outlook uncertain.」
The framework changed from the previous view of resilient or improving corporate earnings and capital investment to a year affected by COVID-19, vaccinations, variants and an uncertain outlook. - FY2021-Q2RestatedAnnual report
「Deterioration in the global economy and pressure on corporate earnings continue,」
The view that deterioration in the global economy and pressure on corporate earnings continue is stated, as in the previous quarter. - FY2021-Q1WorsenedAnnual report
「The global spread of COVID-19 caused a rapid decline in personal consumption, while deterioration in the global economy and pressure on corporate earnings continued,」
The description changed from the previous reference to resilient or improving corporate earnings and capital investment to the view that deterioration in the global economy and pressure on corporate earnings continue. - FY2020ReframedAnnual report
「Corporate earnings and employment conditions continued to improve gradually through the first half of the fiscal year, but from October onward, the domestic economy was affected by the consumption tax increase and major typhoons, while economic activity stagnated in Japan and overseas owing to the outbreak of COVID-19,」
The view that corporate earnings were improving was limited to the first half, while the second half also cited the consumption tax increase, a major typhoon and stagnation in economic activity caused by infectious diseases. There is no direct reference to the resilience of capital investment. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter, Japan's economy continued to show improvement in corporate earnings and the employment environment,」
The description that corporate earnings and the employment environment continue to improve is stated, as in the previous quarter. There is no direct reference to the resilience of capital investment. - FY2020-Q1ReframedAnnual report
「During the cumulative first quarter period, Japan’s economy continued to see improvements in corporate earnings and employment conditions, but」
The description changed from the resilience of corporate earnings and capital investment stated through the previous quarter to an improvement in corporate earnings and the employment environment, with direct references to capital investment removed. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter, Japan's economy showed resilience in corporate earnings and capital investment,」
The view that corporate earnings and capital investment remain resilient continues to be stated regarding the domestic economy. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter, Japan's economy showed resilience in corporate earnings and capital investment,」
The view that corporate earnings and capital investment remain resilient continues to be stated regarding the domestic economy. - FY2019-Q1First statedAnnual report
「During the cumulative first quarter, Japan's economy showed resilience in corporate earnings and capital investment,」
This is the first time that resilience in corporate earnings and capital investment has been cited in the assessment of the domestic economy.