Downward pressure on consumption from higher crude oil prices
First written in FY2019-Q3. 3 of 8 entries say "Worsened", first in FY2022. Latest entry: FY2027-H1.
Baroque Japan Limited moved to the "Worse" side of this theme in 2018, 5 years before the typical company in this theme (2023).
The whole theme swung hardest in 2022: 16 of 28 companies on the "Worse" side.
6 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「The outlook for the economy remains uncertain, as production activity has been constrained by soaring crude oil prices resulting from turmoil in the Middle East and shortages of crude oil-derived raw materials.」
In addition to concerns that soaring crude oil prices would weigh on consumption, shortages of crude oil-derived raw materials and constraints on production activity were noted, broadening the impact of energy and raw material risks. - FY2025WorsenedAnnual report
「However, uncertainty about the outlook continues, due to factors including persistently high raw material and energy prices, the normalization of yen depreciation accompanying global monetary tightening, and prolonged instability in overseas conditions.」
In addition to soaring raw material and energy prices, the weaker yen was described as having become normalized rather than being a temporary fluctuation, heightening the risks of cost increases and weaker consumption. - FY2025-Q1RestatedAnnual report
「At the same time, downside risks to personal consumption remained, including continued yen depreciation and rising prices resulting from higher resource and energy prices, and the operating environment remained uncertain.」
The concern that the weaker yen, soaring resource and energy prices, and rising prices would weigh on personal consumption continued to be expressed. - FY2024RestatedAnnual report
「However, the business environment remained uncertain, amid concerns about slowing consumption due to surging raw material and energy prices.」
The concern that soaring raw material and energy prices would weigh on consumption continued to be noted. - FY2023MaterialisedAnnual report
「The Company continued efforts to procure appropriate quantities and limit promotional sales, resulting in domestic gross profit for the consolidated fiscal year reaching 101.5% of the prior-year period. However, higher costs and the foreign exchange impact of the yen's rapid depreciation weighed on gross profit.」
Raw material and foreign exchange risks actually weighed on costs and gross profit. - FY2023-Q3RestatedAnnual report
「However, as inflation caused by surging raw material and energy prices and the yen's depreciation continues, improvements in personal consumption are difficult to anticipate, and the business environment remains uncertain.」
Inflation caused by surging raw material and energy prices and the yen's depreciation continues, and external-environment risks weighing on personal consumption remain identified. - FY2022WorsenedAnnual report
「The business environment remains difficult, with concerns including higher crude oil prices and transportation costs, driven mainly by surging raw material prices and heightened geopolitical risks.」
In addition to the previous pressure on consumption from surging crude oil prices, higher raw material prices, geopolitical risks and transportation costs were identified as sources of concern, broadening the range of risks, including cost-related risks. - FY2019-Q3MaterialisedAnnual report
「Surging crude oil prices and other factors weighed on consumption.」
Surging crude oil prices were identified for the first time as an external-environment factor weighing on consumption.