Companies taking a more cautious approach to consumption and investment
First written in FY2016-Q3. 6 of 17 entries say "Restated". Latest entry: FY2024-Q2.
Recomm moved to the "Worse" side of this theme in 2020, 5 years before the typical company in this theme (2025).
The whole theme swung hardest in 2024: 4 of 9 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2024-Q2WorsenedAnnual report
「Consumption and investment lacked momentum due to soaring raw-material costs and energy prices and rising corporate goods prices against a backdrop of the weaker yen.」
In addition to the normalisation and recovery of economic activity reported through the previous fiscal year, it was explicitly stated that consumption and investment lacked momentum, indicating heightened concern over the environment for corporate consumption and investment. - FY2023MitigatedAnnual report
「During the current consolidated fiscal year, economic activity normalised and the economy and corporate earnings showed signs of recovery as COVID-19 subsided, although the recovery was gradual.」
The easing of COVID-19, the normalisation of economic activity, and the recovery in the economy and corporate earnings were cited, while the recovery was described as gradual. - FY2023-Q2MitigatedAnnual report
「Social and economic activity showed signs of normalisation following the easing of COVID-19-related restrictions.」
The easing of restrictions and normalisation of social and economic activity partly mitigated the previously cited adverse factors affecting the environment for corporate consumption and investment. - FY2023-Q1RestatedAnnual report
「Japan's economy gradually recovered as economic and social activity normalised. The global economy also continued to recover as economic activity resumed following the easing of restrictions.」
The normalisation of economic and social activity, the easing of restrictions and an economic recovery were cited, reaffirming the recovery in the economic environment that had continued from the previous fiscal year. - FY2022MitigatedAnnual report
「During the current consolidated fiscal year, Japan's economy showed signs of recovery as it balanced infection prevention with economic activity despite the arrival of the seventh wave of COVID-19.」
Despite the seventh wave of the pandemic, the economy was reported to be recovering as infection prevention and economic activity were pursued together. - FY2022-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, consumption was recovering following progress in vaccinations against COVID-19 and a decline in new cases, while production remained stalled and exports continued to be flat.」
While a recovery in consumption due to progress in vaccinations and other factors was cited, production remained stalled and exports flat, maintaining the previous assessment of the economic environment. - FY2022-Q2MitigatedAnnual report
「During the first 2 quarters of the current consolidated fiscal year, production and consumption showed signs of recovery, while the global economy also continued to recover as restrictions were lifted.」
Regarding the restrictions on economic activity associated with the pandemic, a recovery in production and consumption and an economic recovery following the lifting of restrictions were reported, indicating some improvement from the previously deteriorating economic environment. - FY2022-Q1RestatedAnnual report
「However, the economic outlook remains uncertain amid concerns over a resurgence of infections due to variants and other factors.」
While a recovery following the easing of restrictions and the resumption of economic activity was cited, concerns over a resurgence of infections caused by variants and continued uncertainty over the outlook were noted. - FY2021-Q3WorsenedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, Japan's economy remained in a severe situation, with social activity partly restricted as the spread of COVID-19 continued for an extended period.」
The severe economic environment, accompanied by restrictions on social activity, continued as the spread of the pandemic persisted. - FY2021-Q2WorsenedAnnual report
「During the first 2 quarters of the current consolidated fiscal year, Japan's economy saw corporate earnings and private consumption decline rapidly due to the COVID-19 pandemic. Economic activity subsequently showed signs of recovery as it gradually resumed, but the timing of the pandemic's end could not be foreseen due to the resurgence of infections, and conditions remained uncertain.」
Corporate earnings and private consumption declined rapidly, while uncertainty in the economic environment continued due to the resurgence of infections. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal year, economic activity stagnated as COVID-19 spread, infections rose again in December, and the economy deteriorated. The global economy also slowed sharply as the resurgence of infections depressed private and capital investment, leaving the economic outlook uncertain.」
The resurgence of infections was reported to have caused stagnation in domestic and overseas economic activity, declines in private and capital investment, and a sharp economic slowdown. - FY2020WorsenedAnnual report
「During the current consolidated fiscal year, Japan's economy entered a phase of substantial recession as the April-June quarter GDP recorded the largest decline in the postwar period due to the effects of COVID-19.」
It was reported that the economic environment, including corporate earnings and private consumption, shifted into a phase of substantial recession due to the pandemic. - FY2020-Q3WorsenedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, Japan's economy deteriorated markedly as the spread of COVID-19 caused corporate earnings and private consumption to decline.」
A downturn accompanied by declines in corporate earnings and private consumption was explicitly identified, and deterioration in the business environment for corporate consumption and investment was reported. - FY2017RestatedAnnual report
「Lease transaction volume for information and communications equipment remained slightly below the previous year's level.」
Continued to recognise that the information and communications equipment leasing market was running slightly below the previous year's level. - FY2017-Q3RestatedAnnual report
「Amid sharp exchange-rate fluctuations and an economic slowdown in emerging markets, led by China, the outlook remains uncertain.」
Continued to cite uncertainty over the outlook due to exchange-rate fluctuations and slower growth in emerging-market economies such as China. - FY2016RestatedAnnual report
「Although some buyers have held back due to uncertainty over the outlook, lease receivables for information and communications equipment have remained around the previous year's level, and the market has continued to show little sign of recovery.」
Continued to cite buyers holding back due to uncertainty over the outlook and the weak recovery in the information and communications equipment market. - FY2016-Q3First statedAnnual report
「In addition, companies have become more cautious in their consumption and investment activities.」
More cautious corporate consumption and investment were identified as risk factors in the business environment.