Sluggish Domestic Personal Consumption and Inbound Consumption
First written in FY2017-Q3. 6 of 16 entries say "Restated". Latest entry: FY2024-Q3.
The whole theme swung hardest in 2020: 18 of 22 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「During the first 9 months of the fiscal year, economic activity in Japan remained on a gradual recovery trend as COVID-19 was changed to Category 5 under the Infectious Diseases Control Law and restrictions on activities were eased, resulting in more active consumption and a rapid recovery in inbound demand.」
The disclosure cites more active consumption following the easing of restrictions on activities and a rapid recovery in inbound demand, reaffirming the recovery trend in domestic personal consumption and inbound consumption. - FY2024-Q2MitigatedAnnual report
「During the first half of the fiscal year, economic activity in Japan remained on a gradual recovery trend as COVID-19 was changed to Category 5 under the Infectious Diseases Control Law and restrictions on activities were eased, resulting in more active consumption and a rapid recovery in inbound demand.」
The disclosure cites more active consumption and a rapid recovery in inbound demand against the backdrop of COVID-19’s reclassification to Category 5 and the easing of restrictions on activities, indicating that the stagnation in domestic personal consumption and inbound consumption has eased further. - FY2024-Q1MitigatedAnnual report
「During the first quarter of the fiscal year, economic activity in Japan remained on a gradual recovery trend as COVID-19 was changed to Category 5 under the Infectious Diseases Control Law and restrictions on activities were eased.」
Against the backdrop of COVID-19’s reclassification to Category 5 and the easing of restrictions on activities, economic activity, including the domestic economy and personal consumption, changed to a recovery trend. - FY2022-Q3Economic stagnation amid vaccine rollout and a resurgence in infectionsAnnual report
「During the first 9 months of the fiscal year, the Japanese economy remained stagnant, despite the widespread rollout of COVID-19 vaccinations, partly due to a sharp increase in the number of infections.」
Although vaccination coverage was expanding, the domestic economy remained stagnant due to the sharp increase in infections. - FY2022-Q1RestatedAnnual report
「During the first quarter of the fiscal year, personal consumption in Japan remained sluggish due to the impact of COVID-19.」
Sluggish domestic personal consumption due to the impact of COVID-19 continued. - FY2021-Q3Some recovery, but insufficient recovery due to continued restrictions on activitiesAnnual report
「The Japanese economy remained difficult as the effects of COVID-19 continued, although some recovery was seen with policy support. Production activity at customers was on a recovery trend, but the mood of restraint continued to linger, and the economy as a whole had not recovered sufficiently.」
Although some recovery due to policy support and a recovery trend in customers’ production activity were evident, the mood of restraint remained and the domestic economy and demand had not recovered sufficiently. - FY2021-Q2Economic activity resumed amid continued uncertainty over the outlookAnnual report
「In Japan, restrictions on going out and requests for business closures related to COVID-19 were gradually eased, and the country moved toward resuming economic activity while containing the spread of infection. However, the timing of containment remained uncertain, and the situation continued to warrant close attention.」
The easing of restrictions on going out and requests for business closures and the move toward resuming economic activity marked a partial change from the sharp contraction in consumption in the previous quarter. However, the timing of containment remained unknown, and uncertainty over the outlook continued. - FY2021-Q1WorsenedAnnual report
「In Japan, consumption contracted substantially as people refrained from social and economic activities to prevent the spread of COVID-19.」
The situation deteriorated from sluggish personal consumption in previous filings to a substantial contraction in consumption due to people refraining from social and economic activities to prevent the spread of infection. - FY2020-Q1MitigatedAnnual report
「During the first quarter of the fiscal year, the Japanese economy continued on a gradual recovery trend, supported by firm personal consumption and other factors.」
The description changed from sluggish personal consumption in previous filings to an economic recovery trend supported by firm personal consumption in the current quarter. - FY2019DroppedAnnual report
「During the fiscal year, the Japanese economy continued on a gradual recovery trend, although corporate earnings and capital investment showed signs of stagnation, while employment conditions continued to improve.」
The economic-environment disclosure for the fiscal year no longer explicitly mentions sluggish personal consumption or slowing inbound consumption. - FY2019-Q1RestatedAnnual report
「GDP is expected to turn positive from a decline in the previous quarter, and employment and income conditions continue to improve, but this has not led to an increase in personal consumption and the economy has not achieved a robust recovery.」
Although employment and income conditions are improving and GDP is expected to turn positive, the disclosure continues to cite sluggish personal consumption and the lack of a robust recovery. - FY2018ReframedAnnual report
「The Japanese economy continued on a gradual recovery trend, supported by improvements in corporate performance and employment conditions, but although inbound consumption increased, personal consumption remained sluggish」
The disclosure changed from citing slowing inbound consumption to stating that inbound consumption was increasing. Personal consumption, however, remained sluggish. - FY2018-Q3RestatedAnnual report
「The Japanese economy continued on a gradual recovery trend, supported by stable foreign exchange rates and improvements in corporate performance and employment conditions, but inbound consumption slowed and personal consumption remained sluggish」
The disclosure continues to cite slowing inbound consumption and sluggish personal consumption. - FY2018-Q2RestatedAnnual report
「Although inbound consumption slowed and personal consumption remained sluggish, the Japanese economy continued on a gradual recovery trend, supported by stable foreign exchange rates and improvements in corporate performance and employment conditions.」
The disclosure continues to cite slowing inbound consumption and sluggish personal consumption, while characterizing the economy as being on a recovery trend due to stable foreign exchange rates and improvements in corporate performance and employment conditions. - FY2018-Q1RestatedAnnual report
「Although inbound consumption slowed and personal consumption remained sluggish, the Japanese economy continued on a gradual recovery trend, supported by improvements in corporate performance and employment conditions.」
The disclosure continues to cite sluggish personal consumption and slowing inbound consumption. - FY2017-Q3First statedAnnual report
「Although Japan’s economy remains on a moderate recovery path, consumer spending has been sluggish and inbound consumption has slowed.」
The company identified sluggish consumer spending and slower inbound consumption as emerging domestic business-environment risks.