Trend toward improvement in employment and income conditions
First written in FY2017-Q3. 13 of 22 entries say "Restated". Latest entry: 2026-07-31.
The whole theme swung hardest in 2020: 25 of 58 companies on the "Worse" side.
33 other companies' latest entry also says "Restated".
- 2026-07-31RestatedEarnings
「During the cumulative first quarter, Japan's economy showed a gradual recovery as income increased with wage growth, while concerns persisted over continued inflation caused by higher raw material and energy prices due to geopolitical risks, including the situation in the Middle East. The outlook therefore remained uncertain.」
The disclosure refers to higher income from wage increases and a gradual economic recovery. - FY2026-H1RestatedAnnual report
「While the economy is showing a gradual recovery, supported by increased inbound demand and improving employment and income conditions,」
Increased inbound demand and improving employment and income conditions continue to be cited as factors supporting the economic recovery. - FY2025ReframedAnnual report
「During the fiscal year, Japan’s economy continued to recover gradually as employment and income conditions improved owing to wage increases, price pass-through and the effects of various economic measures. However, the outlook remained uncertain owing to rising prices, the international situation and volatility in financial markets.」
The wording changed from expectations for improving income conditions to an indication of actual improvements in employment and income conditions and an economic recovery driven by wage increases and price pass-through. - FY2025-H1RestatedAnnual report
「The economy is showing a gradual recovery, supported by expectations for improving income conditions and inbound demand, while」
Expectations for improving income conditions continue to be cited as a factor supporting the recovery of the domestic economy. - FY2024Reiteration of expectations for stronger consumer appetite from rising wagesAnnual report
「Japan’s economy is gradually recovering, and while the company expects higher wages to improve consumer appetite,」
After having previously eliminated direct references to employment and income conditions, the company again cited expectations that higher wages would improve consumer appetite. - FY2021DroppedAnnual report
「In the food industry, rising raw material prices, changes in the labor environment and other factors continued to create a difficult business environment.」
Direct references to the previous trend of improving employment and income conditions have been eliminated and replaced with references to changes in the labor environment and a difficult business environment. - FY2021-Q3RestatedAnnual report
「Even after the declaration was lifted, the movement toward recovery remained slow, and the outlook remained extremely uncertain as the company sought to navigate a world with COVID-19.」
The document continues to cite the deterioration in business sentiment and the slow recovery caused by COVID-19, as well as the situation of seeking to navigate a world “with COVID-19,” as in the previous quarter. - FY2021-Q2ReframedAnnual report
「Even after the declaration was lifted, the movement toward recovery remained slow, and the outlook remained extremely uncertain as the company sought to navigate a world with COVID-19.」
While the view that COVID-19 had weakened business sentiment and slowed the recovery continued, the wording changed from “post-COVID” in the previous quarter to “with COVID-19.” - FY2021-Q1WorsenedAnnual report
「Even after the declaration was lifted, the movement toward recovery remained slow, and the outlook remained extremely uncertain as the company sought to navigate a post-COVID world.」
The assessment changed from the previous trend of improving corporate earnings and employment conditions to a situation in which personal consumption rapidly declined and business sentiment deteriorated owing to COVID-19. - 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 previous trend of improving employment and income conditions was limited to the first half of the fiscal year, while the second half also cited the consumption tax increase, major typhoons and the stagnation of economic activity caused by the infectious disease. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter period, Japan’s economy continued to see improvements in corporate earnings and employment conditions, but personal consumption showed a strong tendency toward frugality. Overseas, numerous downside risks to the global economy remained, including concerns over a slowdown in China’s economy owing to escalating US-China trade friction, renewed recognition of geopolitical risks and volatility in US financial and capital markets, leaving the outlook highly uncertain.」
The assessment of the domestic economy continues to state, as in the previous quarter, that corporate earnings and employment conditions are improving. - FY2020-Q2RestatedAnnual report
「During the cumulative first quarter period, Japan’s economy continued to see improvements in corporate earnings and employment conditions, but」
The assessment of the domestic economy continues to state, as in the previous quarter, that corporate earnings and employment conditions are improving. - FY2020-Q1ReframedAnnual report
「During the cumulative first quarter period, Japan’s economy continued to see improvements in corporate earnings and employment conditions, but」
The wording changed from the previous reference to improving employment and income conditions to improving corporate earnings and employment conditions, with direct references to income eliminated. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter period, Japan’s economy generally continued to recover gradually. Corporate earnings and capital investment remained firm, and the improving trend in employment and income conditions continued, although personal consumption showed signs of stagnation.」
The assessment continues to be that the economy is recovering gradually, with the improving trend in employment and income conditions continuing, although personal consumption has stagnated. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter period, Japan’s economy generally continued to recover gradually. Corporate earnings and capital investment remained firm, and the improving trend in employment and income conditions continued, although personal consumption showed signs of stagnation.」
The assessment of the domestic economy continues to describe a gradual recovery trend, supported by firm corporate earnings and capital investment and improving employment and income conditions, although personal consumption has stagnated. - FY2019-Q1RestatedAnnual report
「While the improving trend in employment and income conditions continued, personal consumption showed signs of stagnation, although the economy generally continued to recover gradually.」
The assessment of the domestic economy continues to state that employment and income conditions are improving. - FY2018RestatedAnnual report
「Although corporate performance and employment conditions showed signs of improvement, economic growth has continued without households feeling the recovery, owing to the increased burden on households associated with higher social security costs and other factors.」
The document continues to cite improving corporate performance and employment conditions, alongside the limited sense of an economic recovery owing to the increased burden on households. - FY2018-Q3RestatedAnnual report
「Although corporate performance and employment conditions showed signs of improvement, economic growth has continued without households feeling the recovery, owing to the increased burden on households associated with higher social security costs and other factors.」
The document continues to cite improving corporate performance and employment conditions, alongside the limited sense of an economic recovery owing to the increased burden on households. - FY2018-Q2RestatedAnnual report
「Although corporate performance and employment conditions showed signs of improvement, economic growth has continued without households feeling the recovery, owing to the increased burden on households associated with higher social security costs and other factors.」
The document continues to cite improving corporate performance and employment conditions, alongside the limited sense of an economic recovery owing to the increased burden on households. - FY2018-Q1ReframedAnnual report
「Although corporate performance and employment conditions showed signs of improvement, economic growth has continued without households feeling the recovery, owing to the increased burden on households associated with higher social security costs and other factors.」
While the improvement in corporate performance was added to the previous reference to improving employment and income conditions, the increased household burden associated with higher social security costs and the limited sense of an economic recovery are also noted. - FY2017RestatedAnnual report
「Corporate earnings, employment and personal income improved, and the economy generally remained on a recovery trend, but」
Improving trends in corporate earnings, employment and personal income are cited in the assessment of domestic economic conditions. - FY2017-Q3First statedAnnual report
「The improving trend in employment and income conditions continued gradually, but」
The company has newly stated, in its assessment of domestic economic conditions, that the improving trend in employment and income conditions is continuing gradually.