Uncertainty surrounding trade issues, overseas economies, and financial and capital markets

「当社POSシステムのメインユーザーである小売業界や飲食等のサービス業界の事業環境は、物価高の継続による家計の負担感が残るものの、雇用・所得環境の改善やインバウンド消費に支えられ、全体としては緩やかながら持ち直しの動きが続きました。」

「During the consolidated fiscal year from 1 May 2025 to 30 April 2026, economic conditions in the restaurant and other service industries and the retail industry, which are the main users of our POS system, generally remained on a gradual recovery trend. These industries continued to face serious labor shortages and soaring raw material costs, but benefited from strong inbound tourism demand and recovering personal consumption.」

「Although the effects of high prices and labor shortages continued to affect the service industries, including food service, and the retail industry, which are the main users of our POS system, these sectors remained on a gradual recovery trend, supported by year-end and New Year demand and the capture of external demand from inbound tourism.」

「During the interim consolidated accounting period from 1 May 2025 to 31 October 2025, economic conditions in the restaurant and other service industries and the retail industry, which are the main users of our POS system, were on a gradual recovery trend, although affected by high prices and labor shortages, supported by the capture of external demand from inbound tourism.」

「We remain in a situation requiring close attention to downside factors for the economy, including sharp fluctuations in foreign exchange rates and share prices and prolonged heightened geopolitical risks.」

「During the fiscal year under review, from 1 May 2023 to 30 April 2024, the Japanese economy gradually returned to a recovery trend after COVID-19 was reclassified as a Category V infectious disease. At the same time, the economy continued to face recessionary factors, including soaring raw material and fuel prices, higher interest rates resulting from monetary tightening, and heightened geopolitical risks, and the outlook remained uncertain.」

「On the other hand, there are also many downside factors for the economy, including the risk that consumer sentiment may deteriorate because of rising prices after the rebound in consumption has run its course, and constraints on the supply of goods and services caused by labor shortages. The outlook is expected to remain uncertain.」

「However, uncertainty is continuing, with concerns about an economic downturn arising from heightened geopolitical risks originating in Russia and Ukraine and global policy rate hikes.」

「At the same time, amid prolonged geopolitical uncertainty and a weaker yen resulting from the widening interest-rate differential between Japan and the United States, domestic prices have also risen as higher import prices, including for energy resources, have fed through, raising concerns about a deterioration in consumer sentiment. The outlook therefore remains uncertain.」

「At the same time, the global economy remains uncertain, with soaring resource and raw material prices, rising inflation, and sharp fluctuations in foreign exchange rates.」

「At the same time, the global economy remains uncertain, with soaring resource and raw material prices, rising inflation, and sharp fluctuations in foreign exchange rates.」

「A recovery is expected, supported by the effects of various policies, including efforts to promote vaccination in Japan, and improvements in overseas economies.」

「Outside Japan, in addition to developments surrounding trade issues, the outlook for the Chinese economy, the United Kingdom's withdrawal from the EU, and conditions in the Middle East, we remain in a situation requiring close attention to the impact of the novel coronavirus disease both in Japan and overseas.」

「Outside Japan, we remain in a situation requiring close attention to the impact of developments in trade issues, including those between the United States and China, on the global economy, as well as developments in overseas economies such as the United Kingdom's withdrawal from the EU.」

「We remain in a situation requiring close attention to the impact of developments in trade issues, including those between the United States and China, on the global economy, uncertainty regarding developments and policies in overseas economies, and the effects of changes in financial and capital markets.」

「We remain in a situation requiring close attention to the impact of developments in trade issues, including those between the United States and China, on the global economy, uncertainty in overseas economies such as the Chinese economy and the EU issue, and the effects of volatility in financial and capital markets.」

「It is necessary to remain alert to the impact of developments in trade issues on the global economy, uncertainty in overseas economies, and the effects of volatility in financial and capital markets.」