Uncertain business environment due to private consumption, inbound tourism, foreign exchange rates and the UK's withdrawal from the EU
First written in FY2017-Q1. 16 of 31 entries say "Reframed", first in FY2017-Q3. Latest entry: 2026-08-07.
Nissan Chemical 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: 139 of 156 companies on the "Worse" side.
33 other companies' latest entry also says "Reframed".
- FY2026-H1ReframedAnnual report
「The global economy was supported by active investment related to generative AI and fiscal and monetary policies in various countries, but uncertainty continued amid broad tariff measures by the United States and other factors.」
The explanation has shifted from focusing on the recovery and resilience of the domestic economy to describing a global economy supported by generative AI investment and policy measures, alongside uncertainty caused by broad tariff measures by the United States. - FY2025-H1ReframedAnnual report
「During the interim consolidated accounting period under review (1 April 2024 to 30 September 2024), the domestic economy remained firm, supported by the recovery in personal consumption accompanying the increase in wage growth in the 2024 spring labor-management negotiations, the recovery in semiconductor demand, and the recovery in automobile sales.」
The explanation has shifted from constraints on the recovery caused by high prices and slowing overseas economies to the resilience of the domestic economy, supported by wage increases and the recovery in semiconductor demand and automobile sales. - FY2024-Q3ReframedAnnual report
「During the cumulative consolidated third quarter period under review (1 April 2023 to 31 December 2023), personal consumption showed signs of recovery and inbound demand increased, benefiting from the weak yen, but a full-fledged recovery was not achieved due to the impact of rising prices, slowing overseas economies, and other factors.」
The explanation has shifted to a business environment in which personal consumption and inbound demand are recovering, while rising prices and slowing overseas economies constrain a full-fledged recovery. - FY2024-Q2ReframedAnnual report
「During the cumulative consolidated second quarter period under review (1 April 2023 to 30 September 2023), exports of automobiles, supported by a temporary easing of the semiconductor shortage, and inbound demand, benefiting from the weak yen, showed an upward trend, but domestic demand, centered on personal consumption, remained sluggish against a backdrop of soaring prices.」
While noting a temporary easing of the semiconductor shortage, automobile exports, and growth in inbound demand, the explanation identifies sluggish personal consumption and domestic demand due to soaring prices as new constraints. - FY2024-Q1ReframedAnnual report
「During the cumulative consolidated first quarter period under review (1 April 2023 to 30 June 2023), the domestic economy showed signs of recovery in personal consumption against a backdrop of the easing of restrictions on activities accompanying the reclassification of COVID-19 as a Class 5 infectious disease, but did not achieve a full-fledged recovery due to the impact of weak exports resulting from sluggish overseas economies and other factors.」
While personal consumption showed signs of recovery following the easing of restrictions on activities, weak exports resulting from sluggish overseas economies are cited as a factor constraining the recovery. - FY2023RestatedAnnual report
「During the consolidated fiscal year under review (1 April 2022 to 31 March 2023), the domestic economy showed signs of recovery, centered on personal consumption, following the easing of restrictions on activities and other factors, but did not achieve a full-fledged recovery due to the impact of continued weak exports against a backdrop of sluggish overseas economies, in addition to soaring raw material and fuel prices and rising prices.」
The business environment for the full year is described as one in which the recovery in personal consumption coexisted with weak exports resulting from higher raw material and fuel prices, rising prices, and sluggish overseas economies. - FY2023-Q3ReframedAnnual report
「During the cumulative consolidated third quarter period under review (1 April 2022 to 31 December 2022), the domestic economy showed signs of recovery in personal consumption following the easing of restrictions on activities and other factors, but did not achieve a full-fledged recovery due to the impact of soaring raw material and fuel prices, rising prices, and weaker exports against a backdrop of a slowdown in overseas economies.」
While personal consumption showed signs of recovery, rising raw material and fuel prices and prices, together with weaker exports resulting from a slowdown in overseas economies, have emerged as new constraints. - FY2023-Q2ReframedAnnual report
「During the cumulative consolidated second quarter period under review (1 April 2022 to 30 September 2022), the domestic economy showed signs of recovery in personal consumption following the easing of restrictions on activities and other factors, but did not achieve a full-fledged recovery due to the impact of soaring raw material prices and rising prices.」
While personal consumption showed signs of recovery following the easing of restrictions on activities, the explanation has shifted from the supply chain disruptions cited in the previous quarter to constraints on the recovery, primarily from soaring raw material prices and rising prices. - FY2023-Q1ReframedAnnual report
「During the three months ended June 30, 2022, personal consumption showed signs of recovery as restrictions on activities were eased, but the economy did not achieve a full-scale recovery due to the impact of soaring raw-material prices, supply-chain disruptions and other factors.」
The explanation changed to a business environment in which recovery and constraints coexisted: personal consumption showed signs of recovery as activity restrictions were eased, while soaring raw-material prices and supply-chain disruptions prevented a full-scale recovery. - FY2022-Q3WorsenedAnnual report
「During the nine months ended December 31, 2021, domestic consumption and exports remained sluggish, mainly due to the spread of COVID-19 and automobile production cuts caused by parts shortages. Although the economy showed signs of recovery toward the end of the period, it did not achieve a full-scale recovery, particularly in personal consumption.」
The company described sluggish domestic consumption and exports against a backdrop of COVID-19, parts shortages and automobile production cuts, noting that although the economy showed signs of recovery, it did not achieve a full-scale recovery. - FY2022-Q2WorsenedAnnual report
「The slowdown in export demand, which had initially been firm, due in part to the slowdown in the Chinese economy also delayed the economic recovery.」
The explanation changed from the previous quarter's upward trend in exports and capital investment to a slowdown in export demand associated with the Chinese economic slowdown and a delay in the economic recovery, indicating a deterioration in the external environment. The slowdown in actual export demand was described, so materialized is true; it was not quantified, so quantified is false. - FY2022-Q1ReframedAnnual report
「During the three months ended June 30, 2021, exports and capital investment were on an upward trend as overseas economies recovered, but the economy did not achieve a full-scale recovery as personal consumption remained sluggish due to the reissuance and extension of the state of emergency.」
The explanation changed from the severe economic deterioration caused by COVID-19 in the previous fiscal year to a business environment in which recovery and stagnation coexisted: exports and capital investment shifted to an upward trend, while personal consumption remained sluggish due to the impact of the state of emergency. - FY2021RestatedAnnual report
「During the fiscal year ended March 31, 2021, the domestic economy recorded significantly negative growth due to the spread of COVID-19. Although exports showed some signs of recovery in the second half of the fiscal year, personal consumption remained sluggish for an extended period, and difficult conditions continued.」
The company described the plunge in domestic demand and decline in exports caused by COVID-19, together with the prolonged slump in personal consumption, for the full fiscal year. - FY2021-Q3ReframedAnnual report
「During the nine months ended December 31, 2020, the domestic economy recorded significantly negative growth exceeding that immediately after the Lehman shock, as domestic demand plunged due to the impact of the spread of COVID-19 and exports also declined as the global economy deteriorated. Thereafter, exports showed some signs of recovery, but the slump, particularly in personal consumption, has been prolonged.」
While continuing to describe the severe economic deterioration caused by the plunge in domestic demand and decline in exports due to COVID-19, the company newly added the partial recovery in exports and the prolonged slump in personal consumption. - FY2021-Q2WorsenedAnnual report
「During the six months ended September 30, 2020, the domestic economy recorded significantly negative growth exceeding that immediately after the Lehman shock, as domestic demand plunged due to the impact of the spread of COVID-19 and exports also declined as the global economy deteriorated.」
The company explained that the continued plunge in domestic demand and decline in exports caused by COVID-19 had resulted in significantly negative growth exceeding that immediately after the Lehman shock. - FY2021-Q1WorsenedAnnual report
「During the three months ended June 30, 2020, the domestic economy deteriorated sharply as domestic demand plunged due to business closures, requests to refrain from going out and other measures to prevent the spread of COVID-19, while exports also declined as the global economy deteriorated.」
The company explained that the domestic economy's deterioration had become more severe than before due to the plunge in domestic demand and decline in exports associated with the spread of COVID-19. It described the actual impact on the economy and exports. - FY2020-Q3WorsenedAnnual report
「During the nine months ended December 31, 2019, capital investment was on an upward trend, but corporate earnings in the manufacturing sector deteriorated as exports remained sluggish amid a slowdown in overseas economies.」
The company explained that sluggish exports associated with the slowdown in overseas economies had materialized as deteriorating corporate earnings in the manufacturing sector. - FY2020-Q2WorsenedAnnual report
「During the six months ended September 30, 2019, domestic demand, including personal consumption and capital investment, remained firm, but exports, mainly to Asia, remained sluggish and corporate production activity continued to stagnate.」
The company indicated that, while domestic demand remained firm, sluggish exports to Asia and stagnant corporate production activity continued, with external demand and production continuing to be affected from the previous quarter. - FY2020-Q1MaterialisedAnnual report
「During the three months ended June 30, 2019, personal consumption remained firm as employment and income conditions improved against a backdrop of labor shortages, but exports to Asia declined due to factors including US-China trade friction.」
The company described the global situation, including US-China trade friction, as having had a tangible impact in the form of declining exports to Asia. - FY2019-Q3ReframedAnnual report
「During the nine months ended December 31, 2018, the domestic economy remained on a moderate recovery track, with capital investment increasing on solid corporate earnings and signs of a recovery in personal consumption against a backdrop of improving employment and income conditions. Meanwhile, the outlook for the global economy became increasingly uncertain due to factors including US-China trade friction.」
In addition to continuing to describe the domestic economy as being on a moderate recovery track, the company newly emphasized uncertainty over the outlook for the global economy due to factors including US-China trade friction. - FY2019-Q2RestatedAnnual report
「During the six months ended September 30, 2018, the domestic economy remained on a moderate recovery track, with capital investment increasing and employment and income conditions improving against a backdrop of solid corporate performance.」
The company continued to explain that the domestic economy remained on a moderate recovery track. - FY2019-Q1RestatedAnnual report
「During the three months ended June 30, 2018, the domestic economy remained on a moderate recovery track, with the global economy expanding, capital investment increasing and employment and income conditions improving amid solid corporate earnings.」
The company continued to describe the domestic economy as being on a moderate recovery track, supported by global economic expansion, corporate earnings, capital investment, and improvements in employment and income conditions. - FY2018RestatedAnnual report
「During the fiscal year ended March 31, 2018, the domestic economy remained on a moderate recovery track as the global economy expanded, corporate earnings improved, and capital investment and personal consumption recovered.」
The company explained that the domestic economy remained on a moderate recovery track. - FY2018-Q3RestatedAnnual report
「During the nine months ended December 31, 2017, the domestic economy continued to recover moderately, supported by improvements in employment and income conditions and increased capital investment.」
The company explained that the domestic economy continued to recover moderately, supported by employment and income conditions and capital investment. - FY2018-Q2RestatedAnnual report
「During the six months ended September 30, 2017, the domestic economy remained on a moderate recovery track, with signs of a recovery in personal consumption against a backdrop of improving corporate earnings and employment and income conditions.」
The company explained that the domestic economy remained on a moderate recovery track, supported by improvements in corporate earnings, employment and income conditions, and personal consumption. - FY2018-Q1ReframedAnnual report
「During the three months ended June 30, 2017, the domestic economy remained on a moderate recovery track, as consumer sentiment improved on strong corporate earnings and rising stock prices, while employment conditions also remained favorable against a backdrop of labor shortages.」
The explanation changed from the previous fiscal year's focus on uncertainty over global conditions and foreign exchange to a focus on the domestic economy's moderate recovery, supported by corporate earnings, stock prices, consumer sentiment and employment conditions. - FY2017ReframedAnnual report
「Meanwhile, the global political and economic environment became increasingly uncertain, and foreign-exchange rates and crude-oil prices fluctuated significantly.」
The explanation changed from the previous quarter's focus on the recovery of the domestic economy to a focus on the global political and economic environment, foreign exchange and crude-oil price volatility as elements of an uncertain business environment. - FY2017-Q3ReframedAnnual report
「During the nine months ended December 31, 2016 (1 April 2016 to 31 December 2016), the domestic economy showed a moderate recovery in the near term, supported by improvements in income and employment conditions and a weaker yen and higher stock prices following the US presidential election, although caution remained due to uncertainty over overseas conditions.」
The explanation changed from the previous quarter's focus on personal consumption, inbound tourism, a strong yen and falling stock prices to a focus on the recovery of the domestic economy and uncertainty over overseas conditions. - FY2017-Q1First statedAnnual report
「During the nine months ended December 31, 2016 (1 April 2016 to 30 June 2016), the domestic economy became increasingly uncertain, owing to sluggish personal consumption, slowing inbound demand, the yen's appreciation and falling stock prices, as well as the UK's withdrawal from the EU.」
The company described the deterioration and increasing uncertainty of the external environment as the business environment during the quarter.