Uncertain Economic Outlook Due to Sluggish Personal Consumption, the UK's Withdrawal from the EU and Other Factors
First written in FY2017-Q2. 5 of 29 entries say "Restated". Latest entry: 2026-05-14.
The whole theme swung hardest in 2022: 131 of 176 companies on the "Worse" side.
26 other companies' latest entry also says "Other".
- 2026-05-14OtherEarnings
「During the consolidated fiscal year under review, although employment and income conditions in Japan improved, price increases continued across a wide range of fields, and concerns remained over the impact of developments including the deterioration of the situation in the Middle East, resulting in continued uncertainty about the outlook.」
While pointing to improvements in employment and income conditions, the company cited price increases across a wide range of fields and the deteriorating situation in the Middle East as factors contributing to uncertainty about the outlook. - FY2026-H1Updated risk of an economic slowdown due to US tariffs and rising pricesAnnual report
「During the interim consolidated accounting period, the Japanese economy remained in an uncertain environment, including risks of an economic slowdown due to the impact of higher US tariffs on corporate earnings and the prolonged rise in prices.」
In addition to the existing uncertainty about the economy due to rising prices and other factors, it identifies the impact of higher US tariffs on corporate earnings and the risk of an economic slowdown due to the prolonged rise in prices. - FY2025-H1Update on concerns about economic downside risk due to the weaker yen and rising pricesAnnual report
「During the interim consolidated accounting period, the Japanese economy remained on a gradual recovery trajectory against the backdrop of improvements in corporate earnings and the employment environment, despite concerns about an economic downturn due to the weakening yen and rising prices.」
While identifying concerns about an economic downturn due to the weakening yen and rising prices, it states that the domestic economy remained on a gradual recovery trajectory against the backdrop of improvements in corporate earnings and the employment environment. - FY2024Updated factors contributing to economic uncertaintyAnnual report
「Although the Japanese economy is expected to continue its gradual recovery, it is necessary to remain mindful of the effects of geopolitical risks, natural disasters and other factors.」
While indicating expectations for the economy to continue its gradual recovery, it identifies geopolitical risks, natural disasters and other factors that should be monitored. - FY2024-Q3Update on factors contributing to economic uncertainty due to the weaker yen, energy costs and soaring raw-material pricesAnnual report
「During the cumulative third quarter of the consolidated fiscal year, the Japanese economy remained uncertain going forward, despite progress toward normalizing economic activity following the reclassification of COVID-19 as a Category 5 disease, due to the impact of soaring energy costs and raw-material prices amid unstable international conditions and the weaker yen.」
While indicating that the domestic economy is progressing toward normalization, it identifies unstable international conditions, the weaker yen, and soaring energy costs and raw-material prices as factors contributing to uncertainty about the economic outlook. - FY2024-Q2Domestic economic recovery trend and continuing concerns about monetary tightening overseasAnnual report
「During the cumulative second quarter of the consolidated fiscal year, the Japanese economy remained on a gradual recovery trajectory against the backdrop of COVID-19 being reclassified as a Category 5 disease and improvements in corporate earnings and the employment environment. In overseas economies, however, the economic outlook remains uncertain due to concerns about prolonged monetary tightening in Europe and the United States.」
The assessment of the domestic economy has been updated to reflect a gradual recovery trend, against the backdrop of COVID-19 being reclassified as a Category 5 disease and improvements in corporate earnings and the employment environment. Meanwhile, uncertainty in overseas economies due to concerns about prolonged monetary tightening in Europe and the United States continues. - FY2024-Q1Update on factors contributing to economic uncertainty due to prolonged monetary tightening in Europe and the United StatesAnnual report
「In overseas economies, although corporate earnings are showing signs of recovery, the economic outlook remains uncertain due to concerns about prolonged monetary tightening in Europe and the United States.」
While indicating a recovery trend in corporate earnings in overseas economies, it newly identifies concerns about prolonged monetary tightening in Europe and the United States as a factor contributing to uncertainty about the economic outlook. - FY2023-Q3Updated factors contributing to economic uncertaintyAnnual report
「During the cumulative third quarter of the consolidated fiscal year, the Japanese economy showed signs of recovery in economic activity as measures to address COVID-19 took hold, but price increases progressed across a broad range of sectors due to soaring raw-material prices and other factors, and conditions remained uncertain going forward.」
It identifies the recovery in economic activity, alongside soaring raw-material prices and ongoing price increases across a broad range of sectors, as factors contributing to uncertainty about the economic outlook. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the consolidated fiscal year, the Japanese economy showed signs of recovery in economic activity as measures against COVID-19 took hold, but price increases progressed across a broad range of sectors, mainly due to soaring raw-material prices and the sharp depreciation of the yen, and conditions remained uncertain going forward.」
It reiterates price increases resulting from soaring raw-material prices and the sharp depreciation of the yen as a source of economic uncertainty, while noting signs of a recovery in economic activity. - FY2023-Q1Updated factors contributing to economic uncertaintyAnnual report
「During the cumulative first quarter of the consolidated fiscal year, the Japanese economy showed signs of recovery in economic activity as measures against COVID-19 took hold, but price increases progressed across a broad range of sectors, mainly due to soaring raw-material prices and the sharp depreciation of the yen, and conditions remained uncertain going forward.」
While noting signs of a recovery in economic activity, it newly identifies the ongoing price increases associated with soaring raw-material prices and the sharp depreciation of the yen as factors contributing to uncertainty about the outlook. - FY2022RestatedAnnual report
「Although a continued moderate recovery is expected for the Japanese economy, attention must also be paid to the effects of geopolitical risks, natural disasters and COVID-19.」
While indicating expectations for an economic recovery, it reiterates the need to remain mindful of geopolitical risks, natural disasters and COVID-19. - FY2022-Q3Continuing economic uncertainty due to the Omicron variantAnnual report
「During the cumulative third quarter of the consolidated fiscal year, the Japanese economy remained uncertain as infections resurged due to the highly contagious Omicron variant, despite progress in COVID-19 vaccinations.」
While noting progress in vaccinations, it newly identifies the resurgence of infections due to the Omicron variant as a source of economic uncertainty. - FY2021RestatedAnnual report
「Although a continued moderate recovery is expected for the Japanese economy, attention must also be paid to the effects of geopolitical risks, natural disasters and COVID-19.」
While indicating expectations for an economic recovery, it reiterates the need to remain mindful of geopolitical risks, natural disasters and COVID-19. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter of the consolidated fiscal year, the Japanese economy contracted sharply, with a deterioration in business sentiment and a decline in personal spending amid the spread of COVID-19 and related requests for business closures and voluntary restraint from going out.」
It states that the deterioration in business sentiment, decline in personal spending and sharp contraction in economic activity associated with COVID-19 and requests for business closures and voluntary restraint from going out are continuing. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the current consolidated cumulative period, the Japanese economy experienced a sharp contraction in economic activity, including deteriorating corporate sentiment and a decline in personal spending, due to the spread of COVID-19 and related requests for business closures and self-restraint from going out.」
The company states that deteriorating corporate sentiment, declining personal spending and a sharp contraction in economic activity were actually observed as a result of COVID-19 and related requests for business closures and self-restraint from going out. - FY2020Updated factors contributing to economic uncertaintyAnnual report
「Although a continued moderate recovery is expected for the Japanese economy, attention must also be paid to the effects of geopolitical risks, natural disasters and COVID-19.」
While expecting a continued moderate recovery in the economic outlook, the company cites geopolitical risks, natural disasters and COVID-19 as factors requiring attention. - FY2020-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, the Japanese economy remained uncertain, despite continued improvement in employment conditions, due to the increase in the consumption tax rate and the impact of trade issues between the United States and China.」
The company continues to cite the increase in the consumption tax rate and trade issues between the United States and China as factors contributing to an uncertain economic outlook. - FY2020-Q2Additional factors contributing to economic uncertaintyAnnual report
「During the second quarter of the current consolidated cumulative period, the Japanese economy remained uncertain, despite continued improvement in employment conditions, due to the increase in the consumption tax rate and the impact of trade issues between the United States and China.」
The company cites the increase in the consumption tax rate, in addition to the previously cited trade issues between the United States and China, as a factor contributing to an uncertain economic outlook. - FY2020-Q1Updated factors contributing to economic uncertaintyAnnual report
「During the first quarter of the current consolidated cumulative period, the Japanese economy remained uncertain, despite continued improvement in employment conditions, due to concerns over labour shortages, particularly among small and medium-sized enterprises, and the impact of trade issues between the United States and China.」
The company cites concerns over labour shortages, particularly among small and medium-sized enterprises, and trade issues between the United States and China as factors contributing to an uncertain economic outlook. - FY2019DroppedAnnual reportThe annual securities report for the fiscal year ended March 2019 contains no identifiable description of uncertainty over the economic outlook due to personal consumption, overseas political conditions or other factors.
- FY2019-Q3Updated factors contributing to economic uncertaintyAnnual report
「However, overseas economies were affected by the impact of protectionist trade policies, particularly those of the United States, while in Japan, abnormal weather such as extreme heat and torrential rain, as well as disasters including typhoons and earthquakes, affected some consumption and corporate activity.」
The company cites protectionist trade policies, particularly those of the United States, as a factor contributing to economic uncertainty, while noting that abnormal weather and disasters affected some consumption and corporate activity in Japan. - FY2019-Q1ReframedAnnual report
「However, the economic outlook remains uncertain due to concerns over labour shortages, particularly among small and medium-sized enterprises, and instability in overseas political conditions, including US trade policy.」
Uncertainty over the economic outlook, which was not identified in the prior year’s annual securities report, has been cited again. The factors listed are labour shortages, particularly among small and medium-sized enterprises, and instability in overseas political conditions, including US trade policy. - FY2018DroppedAnnual reportThe annual securities report for the fiscal year ended March 2018 contains no identifiable description of uncertainty over the economic outlook due to personal consumption, overseas political conditions, labour shortages or other factors.
- FY2018-Q3Additional factors contributing to economic uncertaintyAnnual report
「However, the economic outlook remains uncertain due to sluggish wage growth, the increasing burden of social insurance premiums, and uncertainty surrounding overseas conditions, including the policies of the Trump administration in the United States and heightened tensions surrounding North Korea.」
In addition to the previously cited uncertainty surrounding overseas conditions, the company identifies sluggish wage growth and the increasing burden of social insurance premiums as factors contributing to an uncertain economic outlook. - FY2018-Q2Additional factors contributing to economic uncertaintyAnnual report
「However, the economic outlook remains uncertain due to concerns over labour shortages, particularly among small and medium-sized enterprises, and uncertainty surrounding overseas conditions, including the policies of the Trump administration in the United States and heightened tensions surrounding North Korea.」
The company cites labour shortages, the policies of the Trump administration in the United States, and heightened tensions surrounding North Korea as factors contributing to an uncertain economic outlook. - FY2018-Q1Replacement of factors contributing to economic uncertaintyAnnual report
「However, the economic outlook remains uncertain due to concerns over labour shortages, particularly among small and medium-sized enterprises, and uncertainty surrounding overseas political conditions, including the policies of the Trump administration in the United States.」
While stating that the economy generally recovered moderately as corporate earnings and employment conditions improved, the company cites labour shortages and the policies of the US administration as factors contributing to economic uncertainty instead of the previously cited Brexit and other issues. - FY2017SoftenedAnnual report
「During the consolidated fiscal year, the Japanese economy experienced a moderate recovery led by external demand, supported by an economic recovery overseas and a weaker yen in the second half. Corporate activity became more robust and employment conditions improved, but capital investment and personal consumption remained mixed.」
The specific factors previously listed in quarterly disclosures, including Brexit and the US presidential election, are not mentioned, and the full-year economic assessment is described as a “moderate recovery.” Capital investment and personal consumption, however, are described as mixed. - FY2017-Q3Additional factors contributing to economic uncertaintyAnnual report
「However, sharp fluctuations in foreign exchange rates and other effects have occurred as a result of sluggish personal consumption, Brexit and the US presidential election, among other factors, and the economic outlook remains uncertain.」
In addition to the previously cited sluggish personal consumption and Brexit, the company lists the impact of the US presidential election as a factor contributing to economic uncertainty. It also states that there have been no material changes in the business and other risks section. - FY2017-Q2First statedAnnual report
「However, the economic outlook remains uncertain due to sharp fluctuations in foreign exchange rates and weak share prices resulting from sluggish personal consumption and the impact of Brexit, among other factors.」
The company newly identifies sluggish personal consumption, exchange-rate volatility associated with Brexit, and weak share prices as factors contributing to an uncertain economic outlook.