Weak domestic household consumption
First written in FY2017-Q2. 5 of 27 entries say "Restated". Latest entry: FY2026.
Sun A.Kaken moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 53 of 68 companies on the "Worse" side.
10 other companies' latest entry also says "Other".
- FY2026Recovery and persistent cost-consciousnessAnnual report
「Personal consumption is showing signs of recovery, but consumer sentiment remains weak due to rising food and utility costs, and cost-consciousness is considered likely to remain firmly entrenched.」
Personal consumption was recovering, while weak consumer sentiment and cost-consciousness caused by higher food and utility costs persisted. - 2026-06-09RestatedEarnings presentation
「Consumers held back on purchases.」
Consumer purchasing restraint following price increases by food manufacturers was cited as a cause of lower orders for food packaging materials, indicating a continuing drag on domestic consumption. - FY2026-H1Improved employment and income conditions alongside downward pressure on demand from high pricesAnnual report
「Meanwhile, employment and income conditions improved as wage increases continued against the backdrop of labor shortages, and the economy gradually recovered.」
A recovery in the economy driven by improved employment and income conditions was indicated, while a decline in demand for packaging materials due to surging food prices and other factors was also noted, showing that recovery in domestic demand and downward pressures coexisted. - FY2025Gradual growth in personal consumption alongside a declineAnnual report
「Personal consumption is increasing gradually, supporting consumer sentiment as employment and income conditions improve. However, food and utility costs, which account for a large share of household spending, are rising and strongly affecting consumers. As a result, consumers continue to spend cautiously despite improved wages, and cost-consciousness remains firmly entrenched.」
Personal consumption showed gradual growth, while higher prices and cost-consciousness were also cited as causes of declining consumption and uncertainty about the outlook, indicating that recovery and downward pressures coexisted. - FY2025-H1Personal consumption bottoming out alongside continued uncertainty about the outlookAnnual report
「Personal consumption, which had weakened due to sluggish real wages caused by high prices, is gradually showing signs of bottoming out, with a moderate recovery recently. However, the outlook for the economy remains uncertain due to concerns about sluggish exports amid the slowdown in the Chinese economy and concerns about weak consumption caused by high prices.」
Personal consumption, which had weakened due to sluggish real wages, showed signs of bottoming out and recovering, while uncertainty about the outlook continued amid concerns about high prices and the slowdown in the Chinese economy. - FY2024-Q2Personal consumption sluggish amid economic recoveryAnnual report
「During the second quarter of the fiscal year under review, Japan's economy remained solid, with real GDP recovering to its pre-pandemic level. However, the overall situation was difficult as inflation continued due to the weaker yen and persistently high resource and energy prices, causing personal consumption to stagnate.」
Real GDP recovered to its pre-pandemic level, while personal consumption stagnated under the impact of inflation caused by the weaker yen and persistently high resource and energy prices. Factors supporting and weighing on the recovery in consumption coexisted. - FY2024-Q1Recovery in consumption alongside heightened cost-consciousnessAnnual report
「During the first quarter of the fiscal year under review, activity restrictions were eased following the reclassification of COVID-19 as a Class 5 disease, and personal consumption recovered. Inbound demand also increased as entry restrictions from overseas were eased, and the economy was recovering. Meanwhile, persistently high resource and energy prices drove up electricity and gasoline prices, and consumers were expected to become even more cost-conscious, leaving the outlook for consumption uncertain.」
Personal consumption recovered as activity restrictions were eased and inbound demand increased, while heightened cost-consciousness was expected due to persistently high resource and energy prices, leaving the outlook for consumption uncertain. - FY2023Economic recovery alongside inflationary pressureAnnual report
「Japan's economy is currently on a recovery path as COVID-19 subsides, but electricity and fuel prices remain high, and prices, including those of food, continue to rise.」
While economic activity was on a recovery path, electricity and fuel prices and overall prices continued to rise, leaving downward pressure on personal consumption and the domestic demand environment. - FY2023-Q3Economic recovery alongside weak personal consumptionAnnual report
「During the third quarter of the fiscal year under review, economic activity was gradually recovering as activity restrictions were eased in preparation for living with COVID-19. However, food, electricity and fuel prices continued to rise due to the prolonged Russia-Ukraine situation, the weaker yen and persistently high resource and energy prices, leaving the outlook uncertain.」
While the easing of activity restrictions indicated a trend toward economic recovery, weak personal consumption and factors driving higher prices also persisted, showing that the domestic demand environment was not uniform. - FY2023-Q2MitigatedAnnual report
「As restrictions on activities were eased and social and economic activity normalized, people began returning to entertainment facilities and tourist destinations. Combined with the effects of extremely hot weather, this increased demand for pouches for soft drinks.」
The easing of activity restrictions and recovery in foot traffic increased demand for some consumption-related products, including pouches for soft drinks. A recovery in actual domestic personal consumption was confirmed. - FY2023-Q1Recovery in consumption and uncertainty caused by rising pricesAnnual report
「During the first quarter of the fiscal year under review, personal consumption showed signs of recovery against the backdrop of a decline in new COVID-19 cases and the expiration of priority preventive measures. Meanwhile, prices rose as higher crude oil prices drove up energy prices, imported food prices led to food price increases, and the weaker yen added further pressure, leaving the outlook uncertain.」
Personal consumption showed signs of recovery, while rising prices driven by higher crude oil prices, imported food prices and the weaker yen coexisted with uncertainty about the outlook. Weak domestic personal consumption was not described as having deteriorated uniformly; both recovery factors and downward pressures were noted. - FY2022RestatedAnnual report
「During the fiscal year under review, personal consumption showed signs of recovery as the number of COVID-19 cases temporarily peaked. However, the subsequent resurgence in cases due to new variants, inflationary pressure from surging resource and energy prices, and heightened tensions surrounding the situation in Ukraine combined to leave the outlook uncertain.」
Personal consumption showed signs of recovery, while uncertainty about the outlook persisted due to new variants, inflationary pressure and the situation in Ukraine. - FY2022-Q3Recovery in personal consumption and uncertainty caused by new variantsAnnual report
「After the state of emergency was lifted at the end of September, personal consumption showed signs of recovery. However, the spread of a new variant overseas also made the economic outlook remain uncertain.」
Personal consumption recovered after the state of emergency was lifted, while the spread of a new variant continued to create uncertainty about the economic outlook. - FY2022-Q2RestatedAnnual report
「In the food packaging materials business, orders for microwaveable food packaging material “Range Do!” continued to grow as the COVID-19 pandemic persisted. Orders for pouches for soft drinks also recovered, but orders for other food packaging materials remained somewhat weak.」
As the COVID-19 pandemic persisted, orders for Range Do! grew and orders for pouches for soft drinks recovered, while other food packaging materials remained weak, indicating that domestic demand continued to diverge by product. - FY2022-Q1Expansion in some areas of demand driven by stay-at-home consumptionAnnual report
「Under these circumstances, orders for optical surface-protection films declined due to intensifying competition in the Chinese market. However, orders for food packaging materials expanded as stay-at-home demand remained firm, and the performance contribution of Shinomura Chemical Industry Co., Ltd., which became a consolidated subsidiary in October of the previous year, resulted in higher revenue for the group.」
Even as restrictions on economic activity continued, orders for food packaging materials expanded as stay-at-home demand remained firm, resulting in divergent effects of domestic demand by product. - FY2021WorsenedAnnual report
「During the fiscal year under review, Japan's economy remained constrained by the unabated spread of COVID-19, and social and economic activity was severely restricted by the declaration of a state of emergency on 2 occasions. Since the start of the year, the infection situation has become more serious, and the uncertain outlook has continued.」
The spread of COVID-19 and 2 declarations of a state of emergency restricted social and economic activity, while the deterioration of domestic consumption and the economic environment, along with uncertainty about the outlook, continued. - FY2021-Q3WorsenedAnnual report
「Following a sharp subsequent increase in infections, economic measures targeting the travel and food-service industries were suspended, and a state of emergency was declared again at the start of the year, making the outlook for the economy even more uncertain.」
While a recovery driven by the government's economic measures was indicated, the sharp increase in infections, suspension of the economic measures and reissuance of the state of emergency heightened uncertainty about domestic consumption and the economic outlook. - FY2021-Q2Recovery alongside an outlook for prolonged stagnationAnnual report
「Japan's economy has been gradually recovering, partly due to the effects of the government's economic measures. However, restrictions on and voluntary curtailment of economic activity have continued to prevent the spread of COVID-19, and the economy is expected to take a long time to return to its previous level.」
While a recovery in the domestic economy driven by the government's economic measures was indicated, restrictions on and voluntary curtailment of economic activity continued, and it was stated that recovery to the previous level would take an extended period. - FY2021-Q1WorsenedAnnual report
「In Japan, a state of emergency was declared in response to the spread of COVID-19, and the economy deteriorated as economic activity stagnated for approximately 1.5 months.」
In contrast to the recovery in personal consumption through the previous period, the filing described an economic deterioration caused by the state of emergency and approximately 1.5 months of stagnant economic activity. - FY2020WorsenedAnnual report
「In Japan, the economy had remained flat through the end of the previous year, but from the start of the year, the spread of COVID-19 forced the postponement or cancellation of various events, including the Tokyo Olympic and Paralympic Games, while many businesses were forced to suspend operations, leading to an economic contraction toward the end of the fiscal year.」
In addition to the consumption tax increase, voluntary business suspensions and other measures associated with the spread of COVID-19 occurred, worsening domestic consumption and the economic environment. - FY2020-Q3WorsenedAnnual report
「Meanwhile, in Japan, corporate capital investment was relatively solid, but the economy remained flat as exports stagnated amid a slowdown in overseas economies and personal consumption fell following the consumption tax increase.」
In contrast to the recovery in personal consumption described through the previous period, a decline in personal consumption associated with the consumption tax increase was noted, indicating a deterioration in the domestic consumption environment. - FY2020-Q1RestatedAnnual report
「In Japan, exports slowed, but capital investment remained solid, and personal consumption recovered as employment and income conditions improved, leaving the economy broadly flat.」
Personal consumption continued to recover as employment and income conditions improved, while the economy as a whole was described as remaining flat. - FY2019RestatedAnnual report
「Meanwhile, in Japan, personal consumption recovered as employment conditions improved, and the economy was on a gradual recovery path, supported by higher corporate earnings and solid capital investment, although」
A recovery in personal consumption was noted, indicating that the easing trend in the risk of weak personal consumption was continuing. - FY2018MitigatedAnnual report
「Meanwhile, in Japan, exports grew as the global economy recovered gradually, while domestic demand remained solid due to a recovery in capital investment and consumption, and many companies reported improved results.」
Domestic demand remained solid, and a recovery in consumption was noted, indicating that concerns about weak personal consumption had eased from the previous period. - FY2018-Q3MitigatedAnnual report
「In Japan, exports grew against the backdrop of a recovering global economy, while personal consumption recovered as the unemployment rate declined and inbound consumption by visitors to Japan expanded, making the economic recovery increasingly clear.」
The recovery in personal consumption associated with the declining unemployment rate was noted, indicating that the previously identified risk of weak personal consumption had eased further. - FY2018-Q1MitigatedAnnual report
「In Japan, corporate earnings, particularly among large companies, were expected to expand, and the economy was sustaining a gradual recovery as improving employment conditions drove an expansion in personal consumption.」
Personal consumption, which had been described as sluggish through the previous period, was described as expanding alongside improved employment conditions and the continuation of the economic recovery. - FY2017-Q2First statedAnnual report
「Although labour shortages have become more severe in some industries, this has not led to higher wages, and weak consumer spending continues.」
Personal consumption was described as continuing to stagnate and as an external factor contributing to weak sales of products such as food packaging materials.