Concerns over a global economic recession and an uncertain economic outlook due to a consumption tax increase
First written in FY2019-Q3. 6 of 17 entries say "Worsened", first in FY2020-Q2. Latest entry: 2026-05-13.
Kanamic Network moved to the "Worse" side of this theme in 2021, 1 year after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 24 of 31 companies on the "Worse" side.
18 other companies' latest entry also says "Worsened".
- 2026-05-13WorsenedFinancial results
「During the current interim consolidated accounting period, the Japanese economy was recovering moderately, although it was necessary to monitor the impact of the situation in the Middle East.」
In addition to its previous view that the economy was recovering, the Company newly stated the need to monitor the impact of the situation in the Middle East. - FY2025SoftenedAnnual report
「Although the impact of US trade policies and other factors was evident, particularly in the automotive industry, the economy was gradually recovering.」
While the impact of US trade policies remains, the economic assessment has been eased somewhat from the previous interim period’s emphasis on uncertainty to state that the economy is “gradually recovering.” - FY2025-H1WorsenedAnnual report
「During the interim consolidated accounting period under review, the Japanese economy was gradually recovering, although uncertainty stemming from US trade policies and other factors was evident.」
While recognizing a gradual economic recovery, the company has newly specified uncertainty stemming from US trade policies and other factors. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, the Japanese economy was gradually recovering, although some areas showed signs of stalling.」
While recognizing a gradual economic recovery, the company has reaffirmed its view of the external environment that some areas of the economy are showing signs of stalling. - FY2024-Q1WorsenedAnnual report
「During the cumulative first quarter under review, the Japanese economy was gradually recovering, although some areas showed signs of stalling.」
While maintaining its view of a gradual economic recovery, the company has added the weaker wording that “some areas are showing signs of stalling.” - FY2023-Q3SoftenedAnnual report
「During the cumulative third quarter under review, the Japanese economy was gradually recovering.」
The wording has changed from the previous descriptions of severe conditions caused by the novel coronavirus and an economic recovery to state that the economy is gradually recovering. - FY2023-Q1SoftenedAnnual report
「During the cumulative first quarter under review, the Japanese economy was gradually recovering.」
The wording has changed from the previous descriptions of severe conditions caused by the novel coronavirus and a slowing recovery to state that the economy is gradually recovering. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter under review, the severe conditions caused by the novel coronavirus eased, and signs of a recovery emerged in the Japanese economy.」
The company has reaffirmed its view that the severe economic conditions caused by the novel coronavirus have eased and that signs of a recovery are emerging. - FY2022-Q1SoftenedAnnual report
「During the cumulative first quarter under review, as the severe conditions caused by the novel coronavirus gradually eased, signs of a recovery had recently emerged in the Japanese economy.」
The wording has changed to state that the severe economic conditions caused by the novel coronavirus are gradually easing and that signs of a recovery are emerging. - FY2021RestatedAnnual report
「During the fiscal year under review, household and corporate activity remained restricted both in Japan and overseas due to the spread of the novel coronavirus. Although the economy remained in a severe condition and the recovery continued, the pace of recovery was slowing.」
The company maintains its description of activity restrictions and severe economic conditions caused by the novel coronavirus, while noting the ongoing recovery and its slowing pace. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter under review, household and corporate activity remained restricted both in Japan and overseas due to the spread of the novel coronavirus. Although the economy remained in a severe condition and the recovery continued, weakness in some areas increased.」
The company maintains its view that the recovery is continuing, while the wording has deteriorated from “some weakness is evident” in the previous quarter to “weakness in some areas is increasing.” - FY2021-Q2WorsenedAnnual report
「During the cumulative second quarter under review, household and corporate activity remained restricted both in Japan and overseas due to the spread of the novel coronavirus. Although the economy remained in a severe condition, the recovery continued, with some weakness evident.」
The company maintains its view that the economy is continuing to recover, while adding that conditions remain severe and that some weakness is evident. - FY2021-Q1SoftenedAnnual report
「During the cumulative first quarter under review, the Japanese economy remained in a severe condition as the spread of the novel coronavirus restricted the activities of households and companies both in Japan and overseas, although signs of a recovery were emerging.」
While maintaining its description of activity restrictions and severe economic conditions caused by the spread of the novel coronavirus, the company has changed its wording to state that “signs of a recovery” are emerging. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter under review, the Japanese economy continued to show improvement in corporate earnings, employment, and the income environment against the backdrop of the government’s economic policies and other factors. However, as the spread of the novel coronavirus significantly restricted the activities of households and companies both in Japan and overseas, the level of economic activity fell substantially, and economic conditions deteriorated rapidly, resulting in an extremely severe situation.」
The company has reaffirmed restrictions on economic activity and the rapid deterioration of economic conditions caused by the spread of the novel coronavirus as risks in the external environment. - FY2020-Q2WorsenedAnnual report
「Economic conditions have deteriorated rapidly and are extremely severe, as the spread of the novel coronavirus has significantly restricted the activities of households and companies both in Japan and overseas, substantially lowering the level of economic activity.」
In addition to the previous view that the economic outlook was uncertain, the company describes restrictions on economic activity and the rapid deterioration of economic conditions caused by the spread of the novel coronavirus. - FY2020-Q1RestatedAnnual report
「Meanwhile, the economic outlook remains uncertain due to concerns over a global economic recession stemming from the US’s protectionist trade policies and escalating trade frictions, as well as the impact of a consumption tax increase in Japan.」
The company has reaffirmed US trade policies and trade frictions, concerns over a global economic recession, and the impact of a consumption tax increase on the economy as risks in the external environment. - FY2019-Q3First statedAnnual report
「Meanwhile, the economic outlook remains uncertain due to concerns over a global economic recession stemming from the US’s protectionist trade policies and escalating trade frictions, as well as the planned increase in the consumption tax.」
The company identifies US trade policies and trade frictions, concerns over a global economic recession, and the planned increase in the consumption tax as risks in the external environment.