Improvements in Employment and Income, Corporate Earnings, and Capital Investment
First written in FY2018-Q3. 9 of 25 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 29 of 64 companies on the "Worse" side.
19 other companies' latest entry also says "Other".
- FY2026Added concerns over the situation in the Middle EastAnnual report
「Regarding the environment surrounding the Group, in the food service industry, sales increased mainly in urban areas and tourist destinations, driven by inbound demand supported by the weaker yen, higher average spending per customer following price revisions, and stronger demand for limited-edition products and campaigns. However, profitability remained under pressure due to soaring raw material and utility costs, the chronic labor shortage, and domestic consumers' increasing preference for saving.」
The description continued to present both increased sales in urban areas and tourist destinations and pressure on profitability from raw material and utility costs, labor shortages and consumers' preference for saving. Concern was also expressed about the outlook for the situation in the Middle East in relation to the domestic economy. - FY2026-H1Stagnation in corporate earnings due to U.S. tariff policyAnnual report
「During the interim consolidated accounting period, employment conditions showed signs of improvement and personal consumption showed signs of recovery, partly due to the effects of various policies. Meanwhile, corporate earnings showed signs of stagnation due to the impact of U.S. tariff policy.」
Employment conditions showed signs of improvement and personal consumption showed signs of recovery, while corporate earnings showed signs of stagnation due to the impact of U.S. tariff policy. - FY2025-H1Continued improvement in corporate earnings and employment and recovery in personal consumptionAnnual report
「During the interim consolidated accounting period, the Japanese economy saw corporate earnings and employment conditions generally improving and personal consumption showing signs of recovery, partly due to the effects of various policies.」
Improvement in corporate earnings and employment conditions and recovery in personal consumption were indicated. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter of the consolidated period, COVID-19 was reclassified in May from Category 2-equivalent to Category 5 under the Infectious Diseases Control Law. As economic and social activity moved toward further normalization, corporate earnings generally showed signs of improvement and employment conditions and personal consumption showed signs of recovery, partly due to the effects of various policies.」
After COVID-19 was reclassified as Category 5 under the Infectious Diseases Control Law, continued normalization of economic and social activity, improvement in corporate earnings, and recovery in employment and personal consumption were indicated. - FY2024-Q1Containment of the pandemic and normalization of economic and social activityAnnual report
「During the cumulative first quarter of the current fiscal year, Japan's economy saw the spread of COVID-19 subside and economic and social activity normalize, including the change in its classification under the Infectious Diseases Act from “Category 2 equivalent” to “Category 5” in May. With the effects of various policies also supporting conditions, corporate earnings showed a gradual improvement, while employment conditions and personal consumption each showed signs of recovery.」
The description changed from the previously difficult economic conditions under the pandemic to one indicating that the spread of infection had subsided, COVID-19 had been reclassified from Category 2-equivalent to Category 5 under the Infectious Diseases Control Law, economic and social activity had normalized, and corporate earnings were showing signs of improvement. - FY2023RestatedAnnual report
「Although Japan experienced the seventh and eighth waves of COVID-19, corporate earnings, particularly at large companies, showed signs of improvement and employment conditions and personal consumption showed signs of recovery, partly due to the effects of various COVID-19 measures as the government refrained from imposing restrictions on activities in view of the low rate of severe cases.」
The view remained that corporate earnings were improving and employment and personal consumption were recovering even amid the seventh and eighth waves. - FY2023-Q3Corporate earnings, employment and personal consumption improved or recovered even amid the eighth wave.Annual report
「During the cumulative third quarter of the consolidated period, the Japanese economy experienced the spread of the seventh and eighth waves of COVID-19. However, as the government refrained from imposing restrictions on activities in view of the low rate of severe cases, corporate earnings showed signs of improvement and employment conditions and personal consumption showed signs of recovery, partly due to the effects of various COVID-19 measures.」
While the spread of the eighth wave was added to the description alongside the seventh wave, continued improvement in corporate earnings and recovery in employment conditions and personal consumption were indicated. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter period, the Japanese economy saw the spread of the seventh wave of COVID-19, which produced a record number of cases. However, as the government refrained from imposing restrictions on activities in view of the low rate of severe cases, corporate earnings showed signs of improvement and employment conditions and personal consumption showed signs of recovery, partly due to the effects of various COVID-19 measures.」
Even amid the seventh wave, corporate earnings showed signs of improvement and employment conditions and personal consumption showed signs of recovery. - FY2023-Q1Improvement in corporate earnings and recovery in employment and personal consumptionAnnual report
「During the cumulative first quarter of the consolidated period, the Japanese economy remained difficult. Corporate earnings showed signs of improvement, while employment conditions and personal consumption showed signs of recovery, partly due to the effects of various measures implemented by the government and local authorities in response to the spread of COVID-19.」
The description indicated that corporate earnings were showing signs of improvement and employment conditions and personal consumption were recovering, while the domestic economy remained difficult. - FY2022RestatedAnnual report
「During the fiscal year, the Japanese economy was in a difficult situation. Although corporate earnings, employment conditions and personal consumption showed signs of recovery, partly due to the effects of various measures implemented by the government and local authorities, conditions remained difficult amid the spread of COVID-19.」
The view remained that corporate earnings, employment and personal consumption were recovering due to various measures, while difficult economic conditions continued. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter period, the Japanese economy was in a difficult situation. Although various measures by the government and local authorities had some effect in response to the spread of COVID-19, corporate earnings, employment conditions and personal consumption remained weak.」
The view remained that the domestic economy was in a difficult situation, with corporate earnings, employment conditions and personal consumption still weak due to the pandemic. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter period, the Japanese economy was in a difficult situation. Although various measures by the government and local authorities had some effect in response to the spread of COVID-19, corporate earnings, employment conditions and personal consumption remained weak.」
The view remained that difficult economic conditions continued, with corporate earnings, employment conditions and personal consumption still weak due to the pandemic. - FY2021Difficult economic conditions continued amid the third wave and two states of emergency.Annual report
「During the fiscal year, Japan's economy entered a difficult phase as three waves of COVID-19 led to the issuance of two states of emergency. Although various measures by the government and local authorities had some effect, corporate earnings, employment conditions and personal consumption deteriorated.」
The full-year description continued to characterize the economic situation as difficult, with corporate earnings, employment conditions and personal consumption deteriorating due to the pandemic. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter period, the Japanese economy was in a difficult situation as corporate earnings, employment conditions and personal consumption deteriorated due to the impact of COVID-19. However, after the state of emergency was lifted, signs of recovery emerged, partly due to the effects of various measures implemented by the government and local authorities.」
The view of the domestic economy remained that corporate earnings, employment conditions and personal consumption had deteriorated due to the pandemic, while signs of recovery emerged after the state of emergency was lifted. - FY2021-Q2Extremely difficult economic conditions and a recovery trend during the infectious disease outbreak statedAnnual report
「During the cumulative second quarter period, the Japanese economy was in a difficult situation as corporate earnings, employment conditions and personal consumption deteriorated due to the impact of COVID-19. However, after the state of emergency was lifted, signs of recovery emerged, partly due to the effects of various measures implemented by the government and local authorities.」
Although difficult conditions continued as corporate earnings, employment conditions and personal consumption deteriorated, signs of recovery emerged after the state of emergency was lifted, aided by various measures. - FY2021-Q1Extremely difficult economic conditions due to the infectious disease and a bottoming out in June statedAnnual report
「During the three-month period under review, Japan’s economy became extremely difficult due to the rapid deterioration in corporate earnings, employment conditions, and private consumption caused by the novel coronavirus disease. However, a trend toward bottoming out was seen in June, following the lifting of the state of emergency in May and the effects of various policy measures.」
While corporate earnings, employment conditions, and private consumption deteriorated rapidly due to the novel coronavirus disease, resulting in extremely difficult conditions, a trend toward bottoming out was indicated in June following the lifting of the state of emergency and other measures. - FY2020Economic deterioration due to the novel coronavirus disease explicitly statedAnnual report
「During the fiscal year, Japan’s economy had remained on a moderate recovery track against a backdrop of improving employment and income conditions, but became extremely difficult from the second half of February onward due to the impact of the novel coronavirus disease.」
The view changed from the previous assessment of improving employment and income conditions and a moderate recovery trend to the assessment that conditions had become extremely difficult from the second half of February onward due to the impact of the infectious disease. - FY2020-Q3Impact of the consumption tax rate increase explicitly statedAnnual report
「During the nine-month period under review, Japan’s economy remained on a moderate recovery track against a backdrop of favorable employment and rising incomes, although the impact of the consumption tax rate increase implemented in October was also evident.」
While maintaining the moderate recovery trend supported by favorable employment and income, the impact of the consumption tax rate increase in October was explicitly stated. - FY2020-Q2Signs of a pickup in capital investment and private consumptionAnnual report
「During the six-month period under review, Japan’s economy remained on a moderate recovery track, supported by improvement in the employment and income environment, while signs of a pickup in capital investment and private consumption emerged.」
The view changed from the weakness in capital investment and private consumption stated in the previous quarter to signs of a pickup. - FY2020-Q1Weakness in capital investment and private consumption explicitly statedAnnual report
「During the three-month period under review, Japan’s economy remained on a moderate recovery track, supported by the continued improvement in the favorable employment and income environment, although weakness was evident in capital investment and private consumption.」
While maintaining the view that the employment and income environment was improving and that the economy remained on a moderate recovery track, weakness in capital investment and private consumption was explicitly stated. - FY2019From noting signs of a pause to emphasizing the recovery trendAnnual report
「During the fiscal year, Japan’s economy remained on a moderate recovery track, supported by strong corporate earnings, increased capital investment, improvement in the employment and income environment, and a pickup in private consumption.」
The reference to signs of a pause seen through the previous quarter was absent, and the recovery trend supported by improvements in corporate earnings, capital investment, and the employment and income environment was emphasized. - FY2019-Q3RestatedAnnual report
「During the nine-month period under review, Japan’s economy remained on a moderate recovery track, supported by continued improvement in the employment and income environment, although signs of a pause were evident.」
The view continued that the employment and income environment was improving and that the economy remained on a moderate recovery track, while showing signs of a pause. - FY2019-Q1The economic recovery showed signs of losing momentumAnnual report
「During the three-month period under review, Japan’s economy remained on a moderate recovery track, although signs of a pause were evident.」
While the moderate recovery trend continued, signs of a pause were noted in addition to the previously stated view of improvement. - FY2018RestatedAnnual report
「During the fiscal year, Japan’s economy remained on a moderate recovery track, as corporate earnings and the employment environment continued to improve, supported by a pickup in private consumption and capital investment.」
The view that the domestic economy was improving, reflected in better employment and corporate earnings and a pickup in private consumption and capital investment, continued. - FY2018-Q3First statedAnnual report
「During the nine-month period under review, Japan’s economy continued to perform solidly. The employment and income environment in the household sector improved, corporate earnings assessments improved, and capital investment was on an upward trend.」
It was stated that the domestic employment and income environment, corporate earnings, and capital investment were improving or trending upward.