Moderate Recovery in the Domestic Economy
First written in FY2016-Q3. 24 of 31 entries say "Restated". Latest entry: FY2026-H1.
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 economic recovery factors and external concernsAnnual report
「During the interim consolidated accounting period under review, Japan's economy was recovering gradually due to improvements in income and employment conditions. However, uncertainty persisted due to risks that the situation in the Middle East could cause raw-material and energy prices to rise, as well as rising prices.」
The basis for the economic recovery was updated to improvements in income and employment conditions, while the risks that the situation in the Middle East could drive up raw-material and energy prices were explicitly added as an external concern. - 2026-05-14RestatedEarnings
「Although the economy has been gradually recovering as income conditions and employment improved,」
The disclosure continues to describe a gradual recovery in domestic economic conditions, supported by improvements in income and employment. - FY2025Updated Recovery DriversAnnual report
「During the fiscal year under review, economic activity continued to normalize and inbound demand increased, and the economy showed signs of recovery. However, uncertainty persisted due to soaring raw-material and energy prices and rising prices.」
In addition to the previous description of normalized economic activity and economic recovery, the disclosure explicitly identifies increased inbound demand as a recovery driver. Uncertainty caused by soaring raw-material and energy prices and rising prices continued. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period under review, Japan's economy was on a recovery path as wages rose and employment conditions improved. However, uncertainty persisted due to soaring raw-material and energy prices and rising prices.」
The disclosure continues to describe an economy on a recovery path, supported by improvements in wages and employment conditions, while also noting uncertainty caused by soaring raw-material and energy prices and rising prices. - FY2024-Q2RestatedAnnual report
「During the second quarter of the fiscal year under review, economic activity continued to normalize following the reclassification of COVID-19 as a Class 5 infectious disease, and the economy was on a recovery path. However, uncertainty persisted due to soaring raw-material and energy prices and rising prices.」
The disclosure describes normalized economic activity and a recovering economy, while continuing to identify uncertainty caused by soaring raw-material and energy prices and rising prices. - FY2024-Q1RestatedAnnual report
「During the first quarter of the fiscal year under review, economic activity continued to normalize following the reclassification of COVID-19 as a Class 5 infectious disease, and the economy showed signs of recovery. However, uncertainty persisted due to soaring raw-material and energy prices and rising prices.」
The disclosure refers to the normalization of economic activity and signs of recovery, while continuing to identify uncertainty caused by soaring raw-material and energy prices and rising prices. - FY2023-Q3RestatedAnnual report
「During the third quarter of the fiscal year under review, economic activity normalized as movement restrictions were eased following the reclassification of COVID-19 as a Class 5 infectious disease, and the economy showed signs of recovery. However, uncertainty persisted due to soaring raw-material and energy prices and rising prices.」
The disclosure refers to the normalization of economic activity and signs of recovery following the reclassification of COVID-19 as a Class 5 infectious disease and the easing of movement restrictions, while continuing to identify uncertainty caused by soaring raw-material and energy prices and rising prices. - FY2023-Q2RestatedAnnual report
「During the second quarter of the fiscal year under review, economic activity moved toward normal as COVID-19 countermeasures were eased, and the economy showed signs of improvement. However, uncertainty persisted due to soaring raw-material and energy prices and rising prices.」
The disclosure describes the normalization of economic activity and signs of economic improvement as COVID-19 countermeasures were eased, while continuing to identify uncertainty caused by soaring raw-material and energy prices and rising prices. - FY2023-Q1MitigatedAnnual report
「Economic activity gradually returned to normal as restrictions on movement related to COVID-19 were eased, and the economy showed signs of gradual improvement. However, uncertainty persisted due to concerns including soaring raw-material and energy prices, yen depreciation and rising prices.」
The assessment shifted to gradual economic improvement and normalization of economic activity following the easing of movement restrictions. However, uncertainty remained due to soaring raw-material and energy prices, yen depreciation and rising prices. - FY2022WorsenedAnnual report
「During the fiscal year under review, the economy showed signs of a gradual recovery as restrictions on movement related to COVID-19 were eased. However, conditions remained unstable, including the arrival of the seventh wave of infections, and personal consumption stagnated amid severe conditions caused by concerns over soaring prices resulting from the prolonged Russia-Ukraine situation.」
The disclosure refers to signs of recovery following the easing of restrictions on movement, while describing economic conditions as unstable and severe due to the seventh wave of infections, the prolonged Russia-Ukraine situation, soaring prices and stagnant personal consumption. - FY2022-Q3RestatedAnnual report
「During the third quarter of the fiscal year under review, economic and social activity was moving toward normalization as a result of measures against COVID-19, and both corporate earnings and personal consumption showed signs of recovery. However, the timing of containment remained unforeseeable, and uncertainty continued due to factors including the protracted situation in Ukraine, fluctuations in financial and capital markets and higher raw-material prices.」
The disclosure refers to the normalization of economic and social activity and signs of recovery in corporate earnings and personal consumption, while continuing to identify uncertainty over the timing of containment, the situation in Ukraine, fluctuations in financial and capital markets and higher raw-material prices. - FY2022-Q2MitigatedAnnual report
「During the second quarter of the fiscal year under review, the severe economic conditions caused by COVID-19 gradually eased and economic and social activity moved toward normalization. Corporate earnings and personal consumption showed signs of recovery, although the recovery in personal consumption stalled following the renewed spread of infections caused by variants and the application of priority preventive measures.」
The severe economic conditions caused by COVID-19 gradually eased, and corporate earnings and personal consumption showed signs of recovery. However, the renewed spread of variants and the application of priority preventive measures caused the recovery in personal consumption to stall. - FY2022-Q1RestatedAnnual report
「During the first quarter of the fiscal year under review, Japan's economy remained in a severe condition as economic activity was constrained by the impact of COVID-19. Various government measures were implemented and signs of a recovery emerged, but the emergence of new variants led to another increase in infections, and the timing of containment remained unforeseeable. The unpredictable situation therefore continued.」
The disclosure continues to describe restrictions on economic activity and severe economic conditions caused by COVID-19. It refers to signs of recovery resulting from government measures, while also noting the renewed spread of infections caused by new variants and uncertainty over when the pandemic will be contained. - FY2021-Q2RestatedAnnual report
「Economic activity was constrained by the impact of COVID-19, leaving the economy in a severe condition. Various government measures were implemented and signs of a recovery emerged, but infections began to spread again, and the timing of containment remained unforeseeable. The unpredictable situation therefore continued.」
The disclosure continues to describe restrictions on economic activity, severe economic conditions, the renewed spread of infections and uncertainty over when the pandemic will be contained. - FY2021-Q1RestatedAnnual report
「During the first quarter of the fiscal year under review, Japan's economy remained in a severe condition as economic activity was constrained by the impact of COVID-19. Various government measures were implemented and signs of a recovery emerged, but infections began to spread again, and the timing of containment remained unforeseeable. The unpredictable situation therefore continued.」
The disclosure continues to describe restrictions on economic activity and severe economic conditions caused by COVID-19. It also refers to signs of recovery resulting from government measures, while noting the renewed spread of infections and uncertainty over when the pandemic will be contained. - FY2020-Q3WorsenedAnnual report
「During the third quarter of the fiscal year under review, Japan's economy came under severe pressure as economic activity was restricted due to the spread of COVID-19, causing personal consumption to stagnate.」
The assessment deteriorated from the previous gradual recovery to a severe environment in which economic activity was restricted and personal consumption stagnated due to the spread of COVID-19. - FY2020-Q2RestatedAnnual report
「During the second quarter of the fiscal year under review, Japan's economy was on a gradual recovery path, as corporate earnings and capital investment remained solid amid continued improvements in employment and income conditions. However, the outlook remains unpredictable due to the intensifying US-China trade tensions and the global spread of COVID-19.」
The disclosure maintains its description of a gradual recovery in the domestic economy, supported by employment and income conditions, corporate earnings and capital investment, while identifying new uncertainties regarding the outlook. - FY2019RestatedAnnual report
「During the fiscal year under review, Japan's economy was on a gradual recovery path, as corporate earnings and capital investment remained solid amid continued improvements in employment and income conditions. However, the outlook remained uncertain due to uncertainty in overseas economies.」
The disclosure again confirms a gradual recovery in the domestic economy for the full fiscal year, supported by improvements in employment and income conditions, corporate earnings and capital investment. - FY2019-Q3RestatedAnnual report
「During the third quarter of the fiscal year under review, Japan's economy was on a gradual recovery path, as corporate earnings and capital investment remained solid amid continued improvements in employment and income conditions. However, the outlook remained uncertain due to uncertainty in overseas economies.」
The disclosure continues to describe a gradual recovery in the domestic economy, supported by improvements in employment and income conditions, corporate earnings and capital investment. - FY2019-Q2RestatedAnnual report
「During the second quarter of the fiscal year under review, Japan's economy was on a gradual recovery path, as corporate earnings and capital investment remained solid amid continued improvements in employment and income conditions. However, the outlook remained uncertain due to uncertainty in overseas economies.」
The disclosure again identifies a gradual recovery in the domestic economy, supported by improvements in employment and income conditions, corporate earnings and capital investment. - FY2019-Q1RestatedAnnual report
「During the first quarter of the fiscal year under review, Japan's economy continued on a gradual recovery path, as corporate earnings and capital investment remained solid amid continued improvements in employment and income conditions.」
The disclosure again identifies a gradual recovery in the domestic economy, supported by improvements in employment and income conditions, corporate earnings and capital investment. - FY2018RestatedAnnual report
「During the fiscal year under review, Japan's economy continued on a gradual recovery path, with improvements in corporate earnings and employment and income conditions.」
The disclosure continues to describe a gradual recovery in the domestic economy, supported by improvements in corporate earnings and employment and income conditions. - FY2018-Q3RestatedAnnual report
「During the third quarter of the fiscal year under review, Japan's economy continued on a gradual recovery path, with improvements in corporate earnings and employment and income conditions.」
The disclosure continues to describe a gradual recovery in the domestic economy, supported by improvements in corporate earnings and employment and income conditions. - FY2018-Q2RestatedAnnual report
「During the second quarter of the fiscal year under review, Japan's economy continued on a gradual recovery path, with improvements in corporate earnings and employment and income conditions.」
The disclosure continues to describe a gradual recovery in the domestic economy, supported by improvements in corporate earnings and employment and income conditions. - FY2018-Q1RestatedAnnual report
「During the first quarter of the fiscal year under review, Japan's economy continued on a gradual recovery path, with improvements in corporate earnings and employment and income conditions.」
The disclosure continues to describe a gradual recovery in the domestic economy, supported by improvements in corporate earnings and employment and income conditions. - FY2017RestatedAnnual report
「During the consolidated fiscal year, Japan’s economy continued on a moderate recovery trend, supported by improvements in corporate performance and employment conditions, although」
The disclosure continues to describe a moderate recovery trend in the domestic economy, supported by improvements in corporate performance and employment conditions. - FY2017-Q3RestatedAnnual report
「During the third quarter of the fiscal year, Japan’s economy was on a moderate recovery trend, with improvements in corporate performance and employment and income conditions. However, the outlook remained uncertain due to the slowdown in emerging-market economies, the United Kingdom’s withdrawal from the EU and concerns over the future policies of the new U.S. administration.」
The disclosure continues to describe a moderate recovery trend in the domestic economy, supported by improvements in corporate performance and employment and income conditions. - FY2017-Q2RestatedAnnual report
「During the second quarter of the fiscal year, Japan’s economy was on a moderate recovery trend, with improvements in corporate performance and employment and income conditions. However, the outlook remained uncertain due to the slowdown in emerging-market economies, the United Kingdom’s withdrawal from the EU and concerns over the future policies of the new U.S. administration.」
The disclosure reconfirms a moderate recovery trend in the domestic economy, supported by improvements in corporate performance and employment and income conditions. - FY2017-Q1RestatedAnnual report
「During the first quarter of the fiscal year, Japan’s economy was on a moderate recovery trend, with improvements in corporate performance and employment and income conditions. However, the outlook remained uncertain due to the slowdown in emerging-market economies, the United Kingdom’s withdrawal from the EU and concerns over the future policies of the new U.S. administration.」
The disclosure reconfirms a moderate recovery trend in the domestic economy, supported by improvements in corporate performance and employment and income conditions. - FY2016RestatedAnnual report
「During the consolidated fiscal year, Japan’s economy continued on a moderate recovery trend, supported by government economic policies and the Bank of Japan’s monetary policy, as reflected in improvements in corporate performance, increased capital investment and improved employment conditions.」
The disclosure continues to describe a moderate recovery trend in the domestic economy, supported by improvements in corporate performance, capital investment and employment conditions. - FY2016-Q3First statedAnnual report
「The market environment surrounding our Group has remained challenging, as consumers’ heightened focus on protecting their household finances has entrenched frugal and low-price preferences, and product selling prices have remained sluggish.」
The disclosure states that the economy continued on a moderate recovery trend, supported by improvements in corporate performance, capital investment and employment conditions.