Weak Personal Consumption Amid Concerns About the Economic Outlook
First written in FY2016-Q2. 11 of 25 entries say "Restated". Latest entry: 2026-10-05.
Nextage moved to the "Worse" side of this theme in 2022, 2 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 53 of 68 companies on the "Worse" side.
29 other companies' latest entry also says "Restated".
- 2026-10-05RestatedEarnings
「The economy is gradually recovering. However, attention must be paid to the effects of the situation in the Middle East and natural disasters, as well as fluctuations in financial and capital markets.」
Continued to recognize a gradual economic recovery while maintaining attention to the Middle East, natural disasters and financial and capital markets. - FY2026-H1SoftenedAnnual report
「During the current interim consolidated accounting period, the Japanese economy was gradually recovering, supported in part by the effects of various policies amid improving employment and income conditions. However, attention must be paid to developments in the Middle East and volatility in financial and capital markets, among other factors.」
The disclosure indicated that the economy was gradually recovering, while shifting the areas requiring attention from the previously cited rising prices and other factors to developments in the Middle East and volatility in financial and capital markets. - 2026-04-06SoftenedEarnings
「Amid improvements in employment and income conditions, the economy is gradually recovering, partly due to the effects of various policies. However, close attention is required regarding rising prices, developments in U.S. policies, including trade policy, the situation surrounding the Middle East, and fluctuations in financial and capital markets.」
While indicating a gradual economic recovery, continued attention is being paid to rising prices and other factors. - FY2023-Q2SoftenedAnnual report
「During the first six months of the current consolidated fiscal year, the Japanese economy was gradually recovering, supported in part by the effects of various policies amid improving employment and income conditions. However, attention must be paid to rising prices and volatility in financial and capital markets, among other factors.」
The disclosure indicated that the economy was gradually recovering and reorganized the downside risks noted in the previous quarter, such as soaring raw material prices and utility costs, around rising prices and volatility in financial and capital markets. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal year, the Japanese economy was gradually recovering, supported in part by the effects of various policies as restrictions on activity related to COVID-19 were eased and the transition to a new phase of living with COVID-19 progressed. However, downside risks to the economy, including soaring raw material prices and utility costs and rising prices, have emerged, and the outlook remains uncertain.」
While indicating an economic recovery, the disclosure explicitly identified soaring raw material prices and utility costs and rising prices as downside risks to the economy. - FY2022SoftenedAnnual report
「During the current consolidated fiscal year, the Japanese economy is expected to recover, supported in part by the effects of various policies. However, the outlook remains uncertain due to the impact of volatility in global financial and capital markets, rising prices, and shortages of components and raw materials, particularly semiconductors, among other factors.」
While indicating expectations for an economic recovery, the disclosure explicitly identified rising prices and shortages of components and raw materials as new sources of uncertainty. - FY2021SoftenedAnnual report
「During the current consolidated fiscal year, the Japanese economy is expected to recover as social and economic activity moves toward normalization, supported in part by various policies and improvements in overseas economies. However, attention must be paid to the trends in COVID-19 in Japan and overseas and the impact of volatility in global financial and capital markets, among other factors.」
The description of the economic environment came to indicate expectations for the normalization of social and economic activity and an economic recovery, while continued attention was called for regarding infectious diseases and financial markets. - FY2021-Q3SoftenedAnnual report
「During the first nine months of the current consolidated fiscal year, the Japanese economy is expected to continue recovering, supported in part by the effects of various policies as measures are taken to prevent the spread of COVID-19 and vaccination is promoted. However, attention must be paid to the trends in infectious diseases in Japan and overseas and the impact of volatility in global financial and capital markets, among other factors.」
The description of the economic environment changed to express expectations that the recovery would continue, while attention to trends in infectious diseases and financial markets remained unchanged. - FY2021-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, the Japanese economy is expected to recover from an extremely severe situation, supported in part by the effects of various policies as social and economic activity is gradually being raised while measures are taken to prevent the spread of COVID-19. However, attention must be paid to the trends in infectious diseases in Japan and overseas and the impact of volatility in global financial and capital markets, among other factors.」
The disclosure continues to combine expectations for a recovery from a challenging economic environment with the need to monitor trends in infectious diseases and global financial and capital markets. - FY2021-Q1RestatedAnnual report
「A recovery from the extremely severe situation is expected. However, attention must be paid to the trends in infectious diseases in Japan and overseas and the impact of volatility in global financial and capital markets, among other factors.」
While indicating expectations for a recovery from a challenging economic environment, the disclosure continues to call for attention to trends in infectious diseases and global financial and capital markets. - FY2020RestatedAnnual report
「During the current consolidated fiscal year, the Japanese economy is expected to recover from an extremely severe situation, supported in part by the effects of various policies as social and economic activity is gradually being raised while measures are taken to prevent the spread of COVID-19.」
The assessment continues to combine expectations for a recovery from a challenging economic environment with the need to monitor infectious diseases and financial markets. - FY2020-Q3SoftenedAnnual report
「During the first nine months of the current consolidated fiscal year, the Japanese economy is expected to recover from an extremely severe situation, supported in part by the effects of various policies as social and economic activity is gradually being raised while measures are taken to prevent the spread of COVID-19.」
The outlook for the economic environment indicated expectations for a recovery from an extremely severe situation, while continued attention was required regarding infectious diseases and global financial and capital markets. - FY2020-Q2WorsenedAnnual report
「The main factors were a decline in market demand due to the consumption tax increase and the impact of COVID-19, while the market expanded through new store openings and other factors.」
The disclosure explicitly identified the decline in market demand caused by the consumption tax increase and the impact of COVID-19. - FY2019Added a note on consumer sentiment following the consumption tax rate increase.Annual report
「During the current consolidated fiscal year, the Japanese economy is expected to continue its moderate recovery, supported in part by the effects of various policies amid ongoing improvements in employment and income conditions, although consumer sentiment following the consumption tax rate increase requires attention.」
While indicating expectations for a moderate recovery, the disclosure explicitly identified consumer sentiment following the consumption tax rate increase as a new factor requiring attention. - FY2019-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, the Japanese economy continued to recover moderately, supported in part by the effects of various policies amid ongoing improvements in employment and income conditions, and personal consumption and consumer sentiment were also gradually recovering.」
The assessment that personal consumption and consumer sentiment are gradually recovering against the backdrop of improving employment and income conditions remains unchanged. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, the Japanese economy continued to recover moderately, supported in part by the effects of various policies amid ongoing improvements in employment and income conditions, and personal consumption and consumer sentiment were also gradually recovering.」
The assessment that personal consumption and consumer sentiment are gradually recovering against the backdrop of improving employment and income conditions remains unchanged. - FY2018RestatedAnnual report
「During the current consolidated accounting period, the Japanese economy continued to recover moderately, supported in part by the effects of various policies amid ongoing improvements in employment and income conditions, and personal consumption and consumer sentiment were also gradually recovering.」
The assessment that personal consumption and consumer sentiment are gradually recovering against the backdrop of improving employment and income conditions remains unchanged. - FY2018-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, the Japanese economy continued to recover moderately, supported in part by the effects of various policies amid ongoing improvements in employment and income conditions, and personal consumption and consumer sentiment were also gradually recovering.」
The assessment that personal consumption and consumer sentiment are gradually recovering against the backdrop of improving employment and income conditions remains unchanged. - FY2018-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, the Japanese economy continued to recover moderately, supported in part by the effects of various policies amid ongoing improvements in employment and income conditions, and personal consumption and consumer sentiment were also gradually recovering.」
The assessment that personal consumption and consumer sentiment are gradually recovering against the backdrop of improving employment and income conditions remains unchanged. - FY2018-Q1RestatedAnnual report
「Amid ongoing improvements in employment and income conditions, the economy continued to recover moderately, supported in part by the effects of various policies, and personal consumption and consumer sentiment were also gradually recovering.」
The assessment that personal consumption and consumer sentiment are gradually recovering against the backdrop of improving employment and income conditions remains unchanged. - FY2017MitigatedAnnual report
「During the current consolidated fiscal year, corporate earnings in the Japanese economy were on a recovery trend against the backdrop of the government's economic policies, while personal consumption was also gradually recovering as employment and income conditions improved.」
The description of personal consumption changed from the previous wording of stagnation and a delayed recovery to wording indicating a gradual recovery as employment and income conditions improved. - FY2017-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal year, the Japanese economy continued to recover moderately, supported in part by the effects of various policies amid ongoing improvements in employment and income conditions, although personal consumption has recently shown signs of stagnation.」
The overall economy was described as being on a moderate recovery path, while personal consumption was described as stagnating. - FY2016SoftenedAnnual report
「During the current consolidated fiscal year, Japan's economy saw employment and income conditions improve against the backdrop of various government policies. Although personal consumption lagged in its recovery, consumer sentiment picked up, and the economy generally remained firm.」
Although the recovery in personal consumption has been slow, consumer sentiment has recovered, and the description of the overall economy has changed to indicate resilience. - FY2016-Q3RestatedAnnual report
「Although conditions have been gradually improving amid continued improvements in employment and income, personal consumer sentiment has remained broadly flat.」
The domestic economy is described as gradually improving, while personal consumer sentiment remains flat. - FY2016-Q2First statedAnnual report
「Although the Government took measures in consideration of the Japanese economy, including its decision to postpone the consumption-tax increase, growth in consumer sentiment has remained limited amid concerns about the economic outlook.」
The limited improvement in consumer sentiment was described as part of the domestic economic environment.