Sluggish Domestic Demand, Stagnant Exports and Customers’ Expansion of Overseas Production
First written in FY2017-Q1. 9 of 18 entries say "Restated". Latest entry: FY2025-Q1.
Moresco moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 8 of 12 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- FY2025-Q1SoftenedAnnual report
「During the cumulative first quarter under review, the Japanese economy remained on a moderate recovery trend as efforts toward the normalization of economic activity progressed, although prices remained elevated and the yen continued to weaken.」
Although the effects of persistently high prices and the weaker yen remain, economic activity is normalising and the economy is recovering moderately, partially easing the previous view of the business environment centred on weak domestic demand. - FY2024-Q3WorsenedAnnual report
「During the cumulative third quarter under review, the Japanese economy saw a pause in its recovery as personal consumption struggled to grow due to rising prices and the slowdown in overseas economies created headwinds for exports, amid continued economic normalization.」
Weak domestic demand and worsening export conditions have materialised as stagnant personal consumption due to high prices and headwinds for exports from the overseas economic slowdown. - FY2021WorsenedAnnual report
「Our Group was also affected by operating stoppages and production cuts at automotive parts manufacturers, our principal customers, in countries worldwide. As a result, sales were ¥24,479 million, down 9.6% from the previous fiscal year, and operating profit was ¥842 million, down 34.1%.」
Operating stoppages and production cuts at key customers in countries worldwide were reflected in annual performance as a 9.6% decline in Group sales and a 34.1% decline in operating profit. - FY2021-Q2WorsenedAnnual report
「Under these conditions, our Group was also affected by operating stoppages and production cuts at automotive parts manufacturers, our principal customers, in countries worldwide. As a result, sales were ¥11,348 million, down 16.2% year on year, operating profit was ¥100 million, down 84.5%, and ordinary profit was ¥58 million, down 92.1%.」
Operating stoppages and production cuts at automotive parts manufacturers, our principal customers, in countries worldwide were reflected in performance as a 16.2% decline in Group sales and an 84.5% decline in operating profit. - FY2021-Q1WorsenedAnnual report
「Our Group was also affected by operating stoppages and production cuts at automotive parts manufacturers, our principal customers, in countries worldwide. As a result, sales were ¥5,884 million, down 13.2% year on year, and operating profit was ¥142 million, down 54.0%.」
Operating stoppages and production cuts at key customers in countries worldwide, including overseas locations, further worsened the existing risk related to customers' overseas production trends, resulting in lower Group sales and operating profit. - FY2020MaterialisedAnnual report
「The Japanese economy became increasingly stagnant due to lower exports and declines in capital investment resulting from the impact of COVID-19 in Japan and overseas, amid emerging signs of weakness in domestic automotive production. Corporate performance was also a concern.」
The stagnation of domestic demand and exports and dependence on production trends in customer industries have materialised in weakening domestic automotive production, lower exports and reduced capital investment. - FY2020-Q3RestatedAnnual report
「Japan's economy lacks strength despite domestic automobile production remaining at approximately the previous year's level, due to sluggish domestic demand. Downside risks to the global economy are also increasing because of escalating US-China trade friction, and the slowdown in the Chinese economy is affecting the earnings of Japanese companies.」
While domestic automotive production was broadly unchanged from the prior year, the impact of sluggish domestic demand and China's economic slowdown on corporate performance has been reaffirmed as part of the existing domestic demand and export risk environment. - FY2020-Q2MaterialisedAnnual report
「Although domestic automotive production in Japan remained firm, the Japanese economy lacked strength due to sluggish domestic demand. In the global economy, downside risks increased as US-China trade friction intensified, and China's economic slowdown also affected corporate performance.」
The effects of sluggish domestic demand, China's economic slowdown and US-China trade friction have materialised in corporate performance. - FY2020-Q1MaterialisedAnnual report
「During the cumulative first quarter under review, the Japanese economy saw corporate production activity trend weakly against a backdrop of declining exports, particularly to China.」
The risk of sluggish domestic demand and exports has materialised in declining exports to China and weakening corporate production activity. - FY2019RestatedAnnual report
「Among users of our products, manufacturers, particularly in the automotive and electrical equipment industries, are increasing the proportion of overseas production, which may affect demand for our products.」
The rising proportion of overseas production among key customers has again been identified as a structural factor that could affect product demand. - FY2019-Q1RestatedAnnual report
「Against this backdrop, our principal customers, including automotive parts manufacturers and disposable diaper manufacturers, are becoming increasingly global by expanding production bases overseas.」
The continued expansion and globalisation of overseas production bases by key customers have been reaffirmed. - FY2018-Q3RestatedAnnual report
「Moreover, as domestic demand is not expected to grow over the medium to long term, our principal customers, including automotive parts manufacturers and disposable diaper manufacturers, are becoming increasingly global by expanding production bases overseas.」
The stagnation in domestic demand over the medium to long term and the expansion and globalisation of overseas production bases by key customers have been reaffirmed. - FY2018-Q2RestatedAnnual report
「Moreover, as growth in domestic demand cannot be expected, our principal customers, including automotive parts manufacturers and disposable diaper manufacturers, are becoming increasingly global by expanding production bases overseas.」
The stagnation in domestic demand and the expansion and globalisation of overseas production bases by key customers have been reaffirmed. - FY2018-Q1RestatedAnnual report
「Against this backdrop, our principal customers, including automotive parts manufacturers and disposable diaper manufacturers, are becoming increasingly global by expanding production bases overseas.」
The continued expansion of overseas production bases and globalisation by key customers have been reaffirmed. - FY2017RestatedAnnual report
「Meanwhile, domestic production volumes at our principal customers, including automakers and automotive parts manufacturers, were broadly unchanged from the prior year, while the shift to overseas production continues. Disposable diaper manufacturers are also expanding production bases both in Japan and overseas, advancing their globalisation.」
The continued stagnation in domestic production by key customers, the shift to overseas production and the globalisation of disposable diaper manufacturers have been reaffirmed. - FY2017-Q3RestatedAnnual report
「Meanwhile, domestic production volumes at our principal customers, including automakers and automotive parts manufacturers, remain sluggish, and production is continuing to shift overseas. Disposable diaper manufacturers are expanding production bases both in Japan and overseas, accelerating their globalisation.」
The structural shift involving sluggish domestic production by key customers, the shift to overseas production and disposable diaper manufacturers' expansion of production bases has been reaffirmed. - FY2017-Q2RestatedAnnual report
「Meanwhile, amid sluggish domestic demand and stagnant exports, our principal customers, including automotive parts manufacturers and disposable diaper manufacturers, are becoming increasingly global by expanding production bases overseas.」
The same structural shift, consisting of weak domestic demand and exports and key customers' expansion of overseas production, is presented again. - FY2017-Q1First statedAnnual report
「Meanwhile, amid sluggish domestic demand and stagnant exports, our principal customers, including automotive parts manufacturers and disposable diaper manufacturers, are becoming increasingly global by expanding production bases overseas.」
The structural shift in which key customers are expanding overseas production, in addition to weak domestic demand and exports, is described.