Concerns over a Global Economic Slowdown and Weakening Domestic Consumer Sentiment
First written in FY2019-Q2. 6 of 12 entries say "Restated". Latest entry: FY2023.
Tobila Systems moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 131 of 176 companies on the "Worse" side.
58 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「COVID-19 was reclassified as a Category 5 infectious disease, economic activity moved toward normalization, and the economy showed signs of recovery. Meanwhile, the prolonged situation in Ukraine and accelerating price increases due to the weakening yen have affected domestic private consumption, and the outlook remains uncertain.」
The normalization of economic activity and an economic recovery were noted alongside continued uncertainty related to the situation in Ukraine, the weakening yen and rising prices. - FY2023-Q3Economic recovery alongside persistent uncertaintyAnnual report
「COVID-19 was reclassified as a Category 5 infectious disease, economic activity moved toward normalization, and the economy showed signs of recovery. Meanwhile, higher raw-material prices associated with the prolonged situation in Ukraine and accelerating global inflation have affected domestic private consumption, and the economic outlook remains uncertain.」
While the reclassification of COVID-19 as a Category 5 infectious disease indicated the normalization of economic activity and an economic recovery, the impact on private consumption from higher raw-material prices and global inflation, together with uncertainty over the outlook, was also noted. - FY2023-Q1RestatedAnnual report
「Meanwhile, uncertainty over the economic outlook has increased further due to factors including higher raw-material prices associated with the worsening situation in Ukraine, accelerating global inflation, foreign-exchange fluctuations caused by US policy rate increases, and rising consumer prices.」
The uncertainty surrounding the economic outlook due to the situation in Ukraine, raw-material prices, global inflation, US policy rates, foreign-exchange movements and rising prices continues to be disclosed. - FY2022WorsenedAnnual report
「Meanwhile, uncertainty over the economic outlook has increased further due to factors including higher raw-material prices associated with the worsening situation in Ukraine, accelerating global inflation, sharp foreign-exchange fluctuations caused by US policy rate increases, and rising consumer prices.」
In addition to the existing infectious disease and Ukraine-related concerns, global inflation, sharp foreign-exchange fluctuations and rising consumer prices were cited, indicating that uncertainty surrounding the economic environment had increased further. - FY2022-Q3WorsenedAnnual report
「However, economic activity has still not recovered to pre-COVID-19 levels, and the outlook remains uncertain amid the renewed spread of COVID-19. Globally, uncertainty surrounding the world economy has also increased further due to factors including higher raw-material prices associated with the worsening situation in Ukraine and accelerating global inflation.」
In addition to the delayed economic recovery caused by the renewed spread of infections, accelerating global inflation was cited, indicating that uncertainty surrounding the global economy had increased further. - FY2022-Q2WorsenedAnnual report
「More recently, global economic uncertainty has increased further due to factors including higher raw-material prices associated with the worsening situation in Ukraine and volatility in financial and capital markets.」
In addition to the uncertainty caused by COVID-19, the situation in Ukraine, higher raw-material prices and volatility in financial and capital markets were identified as new external-environment concerns. - FY2022-Q1RestatedAnnual report
「The re-emergence of infections due to new variants has raised concerns about renewed effects on economic activity, and the outlook for the economy remains uncertain.」
The uncertainty over the economic outlook associated with the renewed spread of COVID-19 continues to be disclosed as an external-environment risk. - FY2021RestatedAnnual report
「Our principal services are offered to users as optional services provided by telecommunications carriers and communications network operators. Accordingly, during an economic downturn, the number of subscribers to these optional services may decline as users reduce their communications spending.」
The risk that an economic downturn will reduce the number of subscribers to optional services through lower communications spending continues to be disclosed. - FY2020RestatedAnnual report
「The services we provide are offered to users as optional services provided by telecommunications carriers and communications network operators. Accordingly, during an economic downturn, the number of subscribers to these optional services may decline as users reduce their communications spending.」
The risk that an economic downturn will reduce the number of subscribers to optional services through lower communications spending continues to be disclosed. - FY2019ReframedAnnual report
「During periods of economic stagnation, the number of subscribers to optional services may decline as users seek to reduce their communications expenses.」
The risk description has become more specific, moving from a general listing of external factors such as the global economic slowdown and weaker domestic consumer sentiment to the business impact of an economic downturn reducing subscriptions to optional services through lower spending on communications. - FY2019-Q3RestatedAnnual report
「The global economy is at risk of slowing because of factors including the US-China trade dispute, slower economic growth in China and the UK's withdrawal from the EU. In addition, the increase in the domestic consumption tax is weakening consumer sentiment, and the economy is expected to enter a contractionary phase.」
The slowdown in the global economy and the decline in domestic consumer sentiment resulting from the consumption tax increase continue to be cited as factors weighing on the economy. - FY2019-Q2First statedAnnual report
「The global economy is at risk of slowing because of factors including the US-China trade dispute, slower economic growth in China and the UK's withdrawal from the EU. In addition, the increase in the domestic consumption tax is weakening consumer sentiment, and the economy is expected to enter a contractionary phase.」
Multiple international developments and the consumption tax increase are cited as external risks that could lead to an economic recession.