Normalization of Economic Activity and Recovery in Inbound Demand
First written in FY2024-Q3. 7 of 10 entries say "Restated". Latest entry: FY2027-H1.
0 other companies' latest entry also says "Reframed".
- FY2027-H1ReframedAnnual report
「During the interim accounting period, Japan's economy was expected to recover gradually as employment and income conditions improved. However, the economic environment deteriorated due to rising prices, the prolonged trend of yen depreciation, concerns about the impact of US trade policy, and developments in the Middle East and Ukraine, and the outlook remains uncertain.」
The description of the economic recovery has changed from recognizing a recovery trend to expressing expectations for a recovery driven by improvements in employment and income conditions. In addition to rising prices, the weaker yen and US trade policy, it explicitly cites deterioration in the economic environment due to developments in the Middle East and Ukraine. - 2026-06-12RestatedEarnings
「During the cumulative first-quarter period, Japan's economy was expected to recover gradually due to improving employment and income conditions. However, deterioration in the economic environment was observed due to inflation, the prolonged trend of yen depreciation, U.S. tariff policy, and the impact of conditions in the Middle East and Ukraine, and the outlook remained uncertain.」
Notes expectations of an economic recovery driven by improving employment and income conditions while continuing to cite uncertainty from inflation, yen depreciation, U.S. tariff policy and geopolitical conditions. - FY2026RestatedAnnual report
「During the fiscal year under review, Japan's economy showed signs of a gradual recovery amid improving employment conditions accompanying the revitalization of socioeconomic activity. However, the outlook remains uncertain due to concerns over a slowdown in personal consumption resulting from the prolonged trend of yen depreciation, continued inflation and rising interest rates, as well as concerns over the impact of U.S. trade policy.」
The note recognizes a recovery trend supported by more active socioeconomic activity and improving employment conditions, while continuing to cite uncertainty from the weaker yen, higher prices and interest rates, and US trade policy. - 2026-03-16RestatedEarnings
「During the fiscal year under review, Japan's economy showed signs of a gradual recovery amid improving employment conditions accompanying the revitalization of socioeconomic activity. However, the outlook remains uncertain due to concerns over a slowdown in personal consumption resulting from the prolonged trend of yen depreciation, continued inflation and rising interest rates, as well as concerns over the impact of U.S. trade policy.」
Describes a gradual recovery driven by more active socioeconomic activity and improving employment conditions, while also noting uncertainty from yen depreciation, inflation, interest rates and U.S. trade policy. - FY2026-H1RestatedAnnual report
「During the interim accounting period, Japan's economy showed signs of a gradual recovery, supported by expanding inbound demand as the number of visitors to Japan increased and improving employment conditions as socioeconomic activity picked up. However, the outlook remains uncertain due to concerns that continued price increases and higher interest rates could slow personal consumption, as well as concerns about the impact of US trade policy.」
The note identifies expanding inbound demand and improving employment conditions associated with more active socioeconomic activity as recovery drivers, while also citing uncertainty from prices, interest rates and US trade policy. - FY2025ReframedAnnual report
「During the fiscal year, Japan's economy showed a gradual recovery, supported by improvements in employment and income conditions and expanding inbound demand. However, the outlook remains uncertain due to concerns about a slowdown in China's economy, heightened tensions in the Middle East, rising prices and the change in the US presidency.」
The description of the drivers of economic recovery has shifted from the normalization of economic activity to improvements in employment and income conditions and expanding inbound demand. Uncertainty from China's economy, the situation in the Middle East and rising prices continues. - FY2025-H1RestatedAnnual report
「During the interim accounting period, Japan's economy showed a gradual recovery as the stock market remained buoyant against a backdrop of recovering inbound demand and solid corporate earnings. However, the outlook remains uncertain due to the lifting of negative interest rates, concerns about a slowdown in China's economy, heightened tensions in the Middle East, the weaker yen and rising prices.」
The note continues to recognize a gradual economic recovery driven by recovering inbound demand, while also citing uncertainty from monetary policy, China's economy, geopolitical conditions, the weaker yen and rising prices. - FY2025-Q1RestatedAnnual report
「During the first quarter, Japan's economy showed a gradual recovery as the stock market remained buoyant against a backdrop of recovering inbound demand and solid corporate earnings. However, the outlook remains uncertain due to the lifting of negative interest rates, concerns about a slowdown in China's economy, the invasion of Ukraine, heightened tensions in the Middle East, the weaker yen and rising prices.」
The note continues to recognize a gradual economic recovery driven by recovering inbound demand, while also citing uncertainty from monetary policy, China's economy, geopolitical conditions, the weaker yen and rising prices. - FY2024RestatedAnnual report
「During the fiscal year, Japan's economy showed a gradual recovery as economic activity normalized following the reclassification of COVID-19 as a Category V infectious disease, supported by the recovery in inbound demand. However, the outlook remains uncertain amid the geopolitical risks facing the international community, the weaker yen and rising prices.」
The note continues to recognize the normalization of economic activity and recovery in inbound demand, while also citing uncertainty from geopolitical risks, the weaker yen and rising prices. - FY2024-Q3First statedAnnual report
「As economic activity normalized following the reclassification of COVID-19 as a Category V infectious disease, the economy showed a gradual recovery, supported by the recovery in inbound demand as the yen weakened. However, the outlook remains uncertain due to the impact of rising prices caused by surging global energy and raw material costs.」
The note recognizes the normalization of economic activity and recovery in inbound demand, while also citing uncertainty from higher energy and raw material costs.