Sluggish recovery in personal consumption
First written in FY2017-Q1. 7 of 21 entries say "Mitigated", first in FY2017-Q2. Latest entry: FY2027-H1.
Iida Group Holdings moved to the "Worse" side of this theme in 2022.
0 other companies' latest entry also says "Mitigated".
- FY2027-H1MitigatedAnnual report
「Against a backdrop of improving employment and income conditions, the economy remained on a moderate recovery track, with signs of a recovery in personal consumption.」
The description of personal consumption now notes signs of a recovery, in contrast to the previous concern that consumer sentiment would deteriorate due to prices, interest rates and other factors. - 2026-08-07MitigatedResults
「当第１四半期連結累計期間における我が国経済は、雇用及び所得環境の改善を背景に、個人消費に持ち直しの動きがみられるなど緩やかな回復基調で推移いたしました。」
個人消費について、従来の回復の鈍さを示す記載から、持ち直しの動きがみられるとの記載へ変化している。 - FY2025ReframedAnnual report
「There are concerns that elevated housing selling prices due to soaring construction costs and other factors, together with lower consumer sentiment resulting from higher mortgage rates, will suppress housing demand, and the situation requires continued monitoring.」
In addition to the previous demand concerns centered on declining real wages, the report identifies elevated selling prices and higher mortgage rates, and their impact on consumer sentiment and housing demand, as risks. - FY2025-H1WorsenedAnnual report
「However, in addition to real wages turning negative again, the impact of conflicts in Ukraine and the Middle East and volatility in the financial and capital markets means that the outlook for the economic environment remains difficult to view optimistically.」
The report notes that real wages have turned negative again, continuing to indicate weakness in the environment surrounding personal consumption and housing demand. - FY2024WorsenedAnnual report
「Amid continued declines in real wages, housing demand has weakened as higher construction costs and other factors have pushed up housing selling prices.」
Declining real wages, higher selling prices and weak housing demand are described as actual business conditions. - FY2024-Q3WorsenedAnnual report
「The Corporate Goods Price Index remains elevated, the Consumer Price Index continues to rise, and real wages have remained below the prior-year level for 20 consecutive months.」
The report states that real wages have remained below the prior-year level for 20 consecutive months and that prices continue to rise and remain elevated, providing specific evidence of weakness in the environment surrounding personal consumption. - FY2024-Q2WorsenedAnnual report
「The rise in prices has affected housing demand through its impact on consumer sentiment.」
The report states that higher prices are affecting housing demand through weaker consumer sentiment, specifying how weakness surrounding personal consumption is spilling over into business demand. - FY2024-Q1RestatedAnnual report
「Although the pace of increase in the Corporate Goods Price Index and the Consumer Price Index has slowed, both remain elevated, while real wages continue to trend downward.」
The report states that although the pace of price increases has slowed, price levels remain elevated and real wages continue to trend downward. - FY2023-Q3WorsenedAnnual report
「The sharp recent rise in the Consumer Price Index has reduced real wages, raising concerns that consumer sentiment will deteriorate further.」
The report describes the sharp rise in the Consumer Price Index, lower real wages and concerns over a further deterioration in consumer sentiment. - FY2023-Q2RestatedAnnual report
「The Consumer Price Index has also been rising recently, and there are concerns that consumer sentiment will deteriorate as real wages decline. The outlook for the economy therefore remains uncertain.」
The report continues to describe concerns over higher consumer prices, lower real wages and deteriorating consumer sentiment. - FY2023-Q1WorsenedAnnual report
「If the Consumer Price Index begins to rise, there are concerns that consumer sentiment will deteriorate as real wages decline. Combined with a renewed spread of COVID-19, this means that the outlook for the economy remains uncertain.」
The report newly identifies concerns over higher consumer prices, lower real wages and weaker consumer sentiment, indicating continued weakness in the environment surrounding personal consumption. - FY2021-Q2MitigatedAnnual report
「Although signs of a recovery have recently emerged in personal consumption and production,」
With regard to personal consumption, the report states that signs of a recovery have recently emerged, in contrast to the weakness seen previously. - FY2020WorsenedAnnual report
「Amid continued year-on-year declines in consumption spending following the consumption tax increase implemented in October 2019, the global spread of COVID-19 had a significant impact on the purchasing sentiment of the principal target demographic,」
The report describes year-on-year declines in consumption spending following the consumption tax rate increase and the impact of COVID-19 on purchasing sentiment, providing specific evidence of weakness in personal consumption and the demand environment. - FY2020-Q1RestatedAnnual report
「Although the employment environment and consumption trends remained generally firm,」
The report continues to describe the employment environment and consumption trends as firm. - FY2019-Q3MitigatedAnnual report
「While a moderate recovery trend continued, supported by steady improvements in the employment and income environment and a recovery in personal consumption,」
With regard to personal consumption, the report states that the recovery has continued rather than remaining sluggish, indicating that concerns on the demand side have eased. - FY2019-Q1MitigatedAnnual report
「Against a backdrop of improved corporate earnings and the employment and income environment, the economy remained on a recovery track, with moderate increases in capital investment and a recovery in domestic demand, centered on personal consumption.」
With regard to personal consumption, the report notes a recovery in domestic demand in response to the previous concern over the sluggishness of the recovery. - FY2018-Q2DroppedAnnual report
「During the cumulative second quarter of the fiscal year, Japan's economy remained on a generally moderate recovery track, supported by continued improvements in the employment and income environment and corporate earnings.」
The trend in personal consumption, which had been mentioned previously, was not explicitly addressed in this earnings explanation. The discussion of the domestic economy focuses on improvements in the employment and income environment and corporate earnings. - FY2018-Q1MitigatedAnnual report
「Amid continued signs of a recovery in personal consumption」
Although the trend in personal consumption was not explicitly stated previously, the current disclosure says that personal consumption is showing signs of recovery, indicating that concerns over the previous sluggish recovery have eased. - FY2017-Q3DroppedAnnual report
「Although the employment and income environment has improved and a gradual recovery trend has continued」
The trend in personal consumption, which had been disclosed previously, is not explicitly mentioned in the current quarter's business results explanation. The description of the domestic economy has shifted to improvement in the employment and income environment. - FY2017-Q2MitigatedAnnual report
「Personal consumption has remained firm」
The description of personal consumption has changed from the previous “the recovery in personal consumption remains sluggish” to one indicating firm activity, suggesting that demand-side concerns have eased. - FY2017-Q1First statedAnnual report
「The recovery in personal consumption remains sluggish」
The disclosure identifies this as a demand-side risk related to the domestic economic environment.