Uncertainty over the Outlook for Domestic and Overseas Economies and Personal Consumption
First written in FY2017-Q1. 12 of 34 entries say "Worsened", first in FY2017-Q3. Latest entry: 2026-08-12.
Fujix moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 141 of 158 companies on the "Worse" side.
46 other companies' latest entry also says "Worsened".
- 2026-08-12WorsenedEarnings
「The outlook has become uncertain due to the impact on prices generally from higher prices for petroleum-derived products resulting from escalating tensions in the Middle East, supply concerns and further yen depreciation.」
In addition to inflation and consumers' increased preference for frugality, the disclosure specifically cited higher prices for petroleum-derived products, supply concerns and the impact of further yen depreciation, indicating that uncertainty about the outlook remains. - FY2026WorsenedAnnual report
「During the consolidated fiscal year, income and employment conditions continued to improve, but prices overall in Japan, including food, continued to rise and consumer frugality was strengthening. In addition, concerns about global crude oil supplies and surging prices due to heightened tensions in the Middle East began to affect not only Japan but the world as a whole, leaving the outlook extremely uncertain.」
In addition to continued improvement in income and employment conditions, the report identifies high prices and consumer frugality, as well as concerns about crude oil supplies and surging prices due to tensions in the Middle East, noting that uncertainty about the outlook intensified to an extremely high level. - 2026-05-14WorsenedEarnings
「The outlook has become extremely uncertain.」
Uncertainty about the outlook increased against a backdrop of inflation, consumers' increased preference for frugality, and concerns about crude oil supply and higher prices arising from the situation in the Middle East. - FY2026-H1Continued improvement in inbound demand and income and employment conditions alongside increasingly strong consumer frugality due to high pricesAnnual report
「During the interim consolidated fiscal period, inbound demand from foreign visitors to Japan remained firm and income and employment conditions continued to improve. However, prices overall in Japan, including food and daily necessities, continued to rise, consumer frugality was strengthening further, and the outlook remained uncertain alongside the international situation.」
Inbound demand and income and employment conditions continued to improve, while rising prices, including for food and daily necessities, and increasingly strong consumer frugality left the outlook uncertain alongside the international situation. - FY2025-H1Continued recovery drivers alongside uncertainty from equities, foreign exchange, international conditions and high pricesAnnual report
「During the interim consolidated fiscal period, Japan's economy continued to benefit from additional recovery factors, including inbound demand from foreign visitors to Japan and improving income conditions. However, the outlook, including personal consumption, remained uncertain due to unstable equity and foreign exchange markets, ongoing international tensions and rising prices overall in Japan.」
Inbound demand and income conditions continued to improve, while unstable equity and foreign exchange markets, international tensions and rising prices left uncertainty about the outlook, including personal consumption, unresolved. - FY2024Economic recovery alongside high prices, yen depreciation and uncertainty surrounding international conditionsAnnual report
「During the consolidated fiscal year, overall economic activity in Japan moved toward recovery following the reclassification of COVID-19 as a Class 5 infectious disease. Particularly from the start of the year, there were brighter signs, including a rising trend in share prices and increased inbound demand as foreign visitors to Japan returned. However, rising and persistently high domestic prices against a backdrop of yen depreciation affected consumer sentiment, and the unstable international situation also left the outlook uncertain.」
The report indicates a recovery in economic activity, share prices and inbound demand, while the impact of yen depreciation and high prices on consumer sentiment and the unstable international situation left uncertainty about the outlook unresolved. - FY2024-Q3A recovering trend in domestic consumption alongside deteriorating consumer sentiment due to high prices and yen depreciationAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, overall economic activity in Japan was moving toward recovery following the reclassification of COVID-19 as a Class 5 infectious disease, and domestic personal consumption continued to recover alongside inbound demand. However, rising prices overall, including higher energy and raw material prices against a backdrop of yen depreciation and international conditions, affected consumer sentiment, leaving the outlook uncertain.」
Economic activity, inbound demand and domestic personal consumption continued to recover, while higher energy and raw material prices and rising prices against a backdrop of yen depreciation and international conditions affected consumer sentiment, leaving the outlook uncertain. - FY2024-Q2Continued recovery in economic activity alongside uncertainty caused by a slowing apparel recovery and high pricesAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, overall economic activity continued to recover following the reclassification of COVID-19 as a Class 5 infectious disease, supported by the recovery in the flow of people and inbound demand. However, rising domestic prices against a backdrop of yen depreciation further strengthened consumers' focus on protecting household finances, while the international situation remained difficult to forecast, leaving the outlook uncertain.」
Economic activity continued to recover through the flow of people and inbound demand, while rising prices due to yen depreciation, stronger defensive household spending and uncertainty surrounding the international situation persisted. - FY2024-Q1A clearer recovery following the reclassification of COVID-19 and the easing of restrictions alongside uncertainty about personal consumption caused by high prices and defensive household spendingAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economic recovery became more evident as various restrictions were eased, including the reclassification of COVID-19 as a Class 5 infectious disease. The flow of people and inbound demand also continued to recover. However, prices overall continued to rise due to resource prices and the trend toward yen depreciation, while Japanese consumers' focus on protecting household finances increased, leaving the outlook for personal consumption uncertain.」
The report states that the reclassification of COVID-19 as a Class 5 infectious disease and the easing of restrictions made the recovery in the flow of people, inbound demand and economic activity more evident, while rising prices due to resource prices and yen depreciation and stronger defensive household spending left the outlook for personal consumption uncertain. - FY2023-Q3Economic recovery from the easing of activity and border restrictions alongside rising prices and uncertainty caused by higher resource prices and a weaker yenAnnual report
「During the third quarter of the current consolidated fiscal year, Japan's economy saw a recovery in various economic activities as domestic restrictions on activity were eased following a decline in COVID-19 cases and restrictions on entry by foreign visitors to Japan were relaxed. However, higher raw material and energy prices caused by international conditions and a trend toward yen depreciation drove up domestic prices, and uncertainty about the outlook continued.」
Economic activity recovered as domestic restrictions on activity and entry restrictions for foreign visitors to Japan were eased, while uncertainty about the outlook continued against a backdrop of higher raw material and energy prices and rising prices caused by yen depreciation. - FY2023-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy saw a recovery in personal consumption as restrictions on activity were eased despite the spread of infections known as the seventh wave of COVID-19. However, uncertainty about the outlook was increasing further as unstable international conditions and a historically rapid depreciation of the yen drove a marked rise in domestic prices.」
The report describes a recovery in personal consumption following the easing of restrictions on activity, while noting that uncertainty about the outlook was increasing further against a backdrop of the seventh wave, unstable international conditions and rising prices caused by the historically weak yen. - FY2023-Q1A recovery in consumption from the easing of restrictions alongside uncertainty caused by a weaker yen and higher resource pricesAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy showed signs of a recovery in consumption as restrictions on activity were eased following a decline in COVID-19 cases. However, the outlook became uncertain due to a rapid depreciation of the yen, surging resource prices caused by international conditions and rising prices overall.」
The easing of restrictions supported a recovery in consumption, while a rapid depreciation of the yen, soaring resource prices and rising prices overall left uncertainty about the outlook unresolved. - FY2022WorsenedAnnual report
「During the consolidated fiscal year, expectations for a recovery rose from the previous autumn as COVID-19 vaccinations became more widespread and the number of cases declined. However, from January of the current year, although third doses began to be administered preferentially to older people, infections with the new Omicron variant spread rapidly, leading to the nationwide reintroduction of priority preventive measures. Consumer sentiment toward clothing and handicraft-related products consequently weakened sharply.」
Conditions deteriorated from expectations for a recovery driven by wider vaccine coverage and fewer cases to a sharp weakening of consumer sentiment as the Omicron variant spread rapidly and restrictions on activity were reintroduced. - FY2022-Q3Renewed concerns about the resurgence of variant strains after vaccination coverage expanded and restrictions were liftedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, expectations for a recovery rose as COVID-19 vaccinations became more widespread, the number of cases declined from around autumn onward and the state of emergency was lifted. However, from December, concerns emerged about a renewed spread of infections caused by a new variant, again increasing uncertainty about the outlook.」
The report describes expectations for a recovery following the expansion of vaccinations, a decline in cases and the lifting of the state of emergency, while noting that uncertainty about the outlook increased again from December due to concerns about the renewed spread of a new variant. - FY2022-Q2Progress in vaccination alongside restrictions on activity due to variant strainsAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy was significantly affected. Although COVID-19 vaccinations progressed, the spread of variant strains led to expanded areas subject to states of emergency and priority preventive measures, restricting travel and economic activity.」
Progress in vaccinations was identified as a positive factor, while the spread of variant strains and restrictions on travel and economic activity resulting from states of emergency and other measures continued to coexist. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy again entered a situation in which the outlook was difficult to forecast as the resurgence of COVID-19 led to the issuance of priority preventive measures and states of emergency in various regions.」
The report states that the resurgence of COVID-19, priority preventive measures and states of emergency left the domestic economic outlook difficult to forecast. - FY2021RestatedAnnual report
「During the consolidated fiscal year, Japan's economy remained difficult to forecast as COVID-19 cases began to rise again from the previous autumn and, in January of the current year, a second state of emergency was declared in 11 prefectures and metropolitan areas.」
The report describes the continued lack of visibility for the domestic economic outlook against a backdrop of renewed increases in COVID-19 cases and a state of emergency declared in 11 prefectures and metropolitan areas. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the number of COVID-19 cases, which had been declining, began to rise again from the previous autumn. In December, the government's Go To Travel Campaign and other initiatives were suspended, restaurants and other establishments were asked to shorten their hours, particularly in major metropolitan areas, and renewed requests were made to refrain from nonessential outings. As a result, uncertainty about the outlook rapidly increased again amid concerns about the collapse of the healthcare system.」
The report cites the renewed increase in COVID-19 cases, suspension of Go To Travel, renewed requests to shorten business hours and refrain from going out, and concerns about the collapse of the healthcare system, noting that uncertainty about the outlook rapidly increased. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy entered an extremely severe situation as the declaration of a state of emergency in response to the spread of COVID-19 had a devastating impact not only on personal consumption but on economic activity overall, including the suspension of commercial facility operations, stalled corporate activity, requests to refrain from going out and a sharp decline in inbound demand.」
The report states that the spread of COVID-19 led to a state of emergency, the suspension of commercial facility operations, stalled corporate activity, requests to refrain from going out and a sharp decline in inbound demand, resulting in extremely severe conditions for domestic personal consumption and economic activity. - FY2020WorsenedAnnual report
「During the consolidated fiscal year, Japan's economy remained on a moderate recovery trend despite uncertainty surrounding various international conditions, including US-China trade friction and deteriorating Japan-South Korea relations. However, the global spread of COVID-19 rapidly heightened concerns and uncertainty about the outlook toward the end of the fiscal year.」
In addition to the uncertainty caused by US-China trade friction and Japan-South Korea relations, the global spread of COVID-19 rapidly heightened concerns about the outlook toward the end of the fiscal year. - FY2020-Q3WorsenedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy continued on a recovery trend, supported by improvements in employment and income conditions. However, uncertainty surrounding the international environment became even more pronounced amid US-China trade friction, deteriorating Japan-South Korea relations, the UK's withdrawal from the EU and heightened tensions in the Middle East.」
The domestic economy remained on a recovery trend, while the report cited US-China trade friction, deteriorating Japan-South Korea relations, the UK's withdrawal from the EU and heightened tensions in the Middle East, noting that uncertainty about the international environment had intensified further. - FY2020-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy continued on a moderate recovery trend, supported by ongoing improvements in employment and income conditions. However, international conditions in Asia, including US-China trade friction, the slowdown of the Chinese economy and deteriorating Japan-South Korea relations, became increasingly uncertain and had a significant impact on Japan's economy.」
The report states that improvements in employment and income conditions and a moderate recovery trend continued, while deteriorating Japan-South Korea relations were cited in addition to US-China trade friction and the slowdown of the Chinese economy, further increasing uncertainty about international conditions in Asia. - FY2020-Q1WorsenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, corporate earnings and the employment environment in Japan continued to improve. However, uncertainty about the outlook was increasing against a backdrop of various geopolitical risks, including US-China trade friction and the slowdown of the Chinese economy.」
The report states that corporate earnings and the employment environment continued to improve, while uncertainty about the outlook was increasing against a backdrop of US-China trade friction, the slowdown of the Chinese economy and geopolitical risks. - FY2019RestatedAnnual report
「During the consolidated fiscal year, Japan's economy continued on a moderate recovery trend as corporate earnings and the employment environment improved. However, uncertainty about the outlook remained unresolved amid concerns about developments in various geopolitical risks, including trade issues, that could significantly affect Japan's economy.」
Corporate earnings and the employment environment continued to improve and the economy remained on a moderate recovery trend, while uncertainty about the outlook persisted against a backdrop of trade issues and geopolitical risks. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy continued on a moderate recovery trend, supported by ongoing improvements in corporate earnings and the employment environment. However, uncertainty remained unresolved amid concerns about developments in the US-China trade friction issue, which has a significant impact on the Japanese economy.」
The report reiterates the coexistence of a moderate recovery trend driven by improving corporate earnings and the employment environment, concerns about US-China trade friction, and continued uncertainty about the outlook. - FY2019-Q2A sustained moderate recovery trend alongside concerns about US-China trade frictionAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy continued on a moderate recovery trend, supported by continued improvements in corporate earnings and the employment environment. However, the outlook remained uncertain amid concerns about the impact of US-China trade friction.」
The report states that the moderate recovery trend driven by improving corporate earnings and the employment environment continued, while the impact of US-China trade friction was identified as a new concern and uncertainty about the outlook persisted. - FY2019-Q1A recovering domestic economy and uneven personal consumption alongside concerns about trade frictionAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy remained on a recovery trend, with corporate earnings continuing to grow and employment and income conditions improving. However, personal consumption remained uneven, and uncertainty about the global economic outlook, including concerns about trade friction stemming from US trade protectionism, remained unresolved.」
The report describes Japan's economy as remaining on a recovery trend due to improving corporate earnings and employment and income conditions, while citing uneven personal consumption and concerns about trade friction stemming from US trade protectionism as sources of uncertainty for the global economy. - FY2018RestatedAnnual report
「During the consolidated fiscal year, Japan's economy remained on a moderate recovery trend. Income and employment conditions improved against a backdrop of stronger and recovering corporate earnings, but the recovery in personal consumption was uneven. In Asia, including the US and China, which have a major influence on Japan's economy, uncertainty about the economic and trade outlook remained unresolved.」
Income and employment conditions improved domestically, while personal consumption remained uneven and uncertainty about the outlook for Asia, including the US and China, continued. - FY2018-Q3Improving domestic economic and employment conditions alongside uneven consumption and overseas risksAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy remained on a moderate recovery trend, and the employment environment also continued to improve, with labor shortages becoming more serious in some industries. However, consumption remained uneven, concerns about overseas political and geopolitical risks were unresolved, and uncertainty about the outlook continued.」
The report describes Japan's economy as remaining on a moderate recovery trend, with the employment environment improving, while consumption remained uneven and uncertainty about the outlook continued due to overseas political and geopolitical risks. - FY2018-Q2Improving corporate earnings and employment conditions alongside heightened overseas political and geopolitical risksAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy continued on a moderate recovery trend, with corporate earnings and the employment environment continuing to improve. However, personal consumption remained uneven and lacked strength, while rising overseas political and geopolitical risks left uncertainty about the outlook unresolved.」
The report states that corporate earnings and the employment environment continued to improve, while personal consumption remained weak and uncertainty about the outlook persisted due to rising overseas political and geopolitical risks. - FY2018-Q1Partial domestic improvement alongside growing instability in global affairsAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, corporate earnings and the employment environment in Japan continued to improve, but personal consumption lacked strength. Conditions in Europe and the US, the Middle East and Asia also became increasingly unstable, and uncertainty about the global economic outlook grew.」
The report describes an improving trend in corporate earnings and the employment environment, alongside weak personal consumption, growing instability in Europe and the US, the Middle East and Asia, and increasing uncertainty about the global economy. - FY2017-Q3WorsenedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economic recovery remained weak and personal consumption continued to stagnate. In the global economy, concerns about the outlook for the EU and emerging markets were compounded by the outcome of the US presidential election, further intensifying uncertainty.」
Weakness in the domestic economy and personal consumption continued, while in the global economy, concerns about the EU and emerging markets were compounded by the outcome of the US presidential election, further intensifying uncertainty. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy continued to show a weak recovery, while personal consumption remained stagnant. In the global economy, concerns remained widespread, including an economic slowdown in emerging markets and the UK's withdrawal from the EU, and uncertainty about the outlook both domestically and internationally remained unresolved.」
In addition to weakness in the domestic economy and personal consumption, the report cites the economic slowdown in emerging markets and the UK's withdrawal from the EU as concerns, noting that uncertainty about the domestic and global outlook continued. - FY2017-Q1First statedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy remained in an uncertain situation both domestically and internationally. The recovery trend showed weakness, personal consumption remained soft, and concerns about downside risks to the global economy intensified.」
The current business environment is described as one of weak domestic economic recovery, soft personal consumption and growing concerns about downside risks to the global economy.