Impact on performance from weakness in the domestic economy and private consumption

「In the household appliances sector, personal consumption lacked strength as prices continued to rise, demand conditions remained generally cautious, and business conditions remained unpredictable.」

「In Japan, the recovery in personal consumption lacks strength due to stagnant real wages and rising prices. In addition, the difficult business environment is expected to continue, owing to difficulties in procuring raw materials caused by potential supply shortages of crude oil amid heightened tensions in the Middle East, the need to pass on appropriately the higher production costs resulting from rising energy prices, and the need to address chronic labour shortages.」

「In the industries relevant to the Group, capital investment continued to be strong in the automotive equipment and information equipment sectors. In the household appliances sector, however, the prolonged overall rise in prices continued to weigh on consumption, and challenging business conditions with no room for complacency persisted.」

「In the industries relevant to the Group, capital investment remained strong for the second consecutive year. However, in the household appliances sector, personal consumption showed only a slow recovery as prices surged, and challenging business conditions with no room for complacency continued.」

「Most of the Group’s sales are generated in Japan and are primarily driven by private-sector demand, so the impact of domestic economic trends on our results cannot be avoided directly.」

「In the industries relevant to the Group, capital investment continued to be strong in the automotive equipment and information equipment sectors. In the household appliances sector, however, stay-at-home demand ran its course, and personal consumption remained characterized by a strong preference for saving due to successive price increases.」

「In the industries relevant to the Group, capital investment demand remained high in the automotive equipment and information equipment sectors. In the household appliances sector, however, personal consumption showed signs of stagnation as prices rose.」

「Meanwhile, the outlook remains uncertain due to factors including inflation caused by the prolonged situation in Ukraine, higher raw material and energy prices, and volatility in financial and capital markets.」

「In the household equipment sector, successive price increases have heightened consumers’ focus on protecting their standard of living, resulting in cautious personal consumption.」

「In the household equipment sector, personal consumption has been weak as consumers have become more inclined to save amid rising prices.」

「In the household appliances sector, personal consumption weakened after stay-at-home demand ran its course.」

「The industries related to the Group were forced to restrict sales activities due to restrictions on movement and the cancellation or scaling-back of various events during the pandemic. Stay-at-home demand also showed signs of levelling off.」

「The industries in which the Group operates faced a challenging business environment, as they were forced to restrict sales activities through movement restrictions and the cancellation or downsizing of various events, while also experiencing supply chain disruptions and soaring raw material prices.」

「In the industries related to the Group's businesses, the operating environment remains challenging, as restrictions on business activities have been unavoidable due to restrictions on movement and the cancellation or downsizing of various events, while concerns have also arisen over the impact on production activities of the global semiconductor shortage.」

「The industries related to the Group were forced to restrict sales activities due to restrictions on movement and the cancellation or scaling-back of various events. In addition, sluggish market growth and intense price competition continued, resulting in a difficult business environment.」

「The industries related to our Group were generally affected by COVID-19, forcing restrictions on business activities, including restrictions on movement and the cancellation or downsizing of various events. In the auto equipment and information equipment sectors, companies took a cautious approach to capital investment. In the lifestyle equipment sector, demand from people staying at home provided some support, but sluggish market growth and intense price competition continued, resulting in a challenging operating environment.」

「The industries related to the Group were also generally affected by COVID-19 and were forced to restrict sales activities due to restrictions on movement and the cancellation or scaling-back of various events. In the automotive equipment and information equipment sectors, a cautious stance toward capital investment was observed.」

「During the first quarter of the current consolidated cumulative period, Japan’s social and economic activity was significantly constrained by the spread of COVID-19, and economic conditions deteriorated rapidly. The industries related to the Group were also generally affected by COVID-19, forcing a slowdown in sales activities due to calls to refrain from going out and restrictions on movement, while a growing cautious stance toward capital investment contributed to a difficult business environment.」

「Regarding the outlook, expectations that both the domestic and global economies will stagnate are increasing. The outlook remains uncertain due to the impact of COVID-19 and uncertainty in the global economy, and the business environment is expected to remain difficult in the industries related to the Group.」

「Although the economy is on a gradual recovery path, supported by improving corporate earnings and employment conditions, uncertainty remains, including concern over the impact of rising tensions surrounding trade issues on the global economy and the impact of the consumption tax increase on personal consumption.」

「The low-temperature storage units for farmers, a main product, and the microwave oven stands for general households remained in difficult conditions in line with weak consumer spending.」

「The outlook remains uncertain, including because of the impact of the scheduled consumption tax increase on domestic consumption and uncertainty in the global economy, and the business environment is expected to remain challenging in the industries related to our Group.」

「Cold-storage units and insulated rice containers, the main products for farmers, and microwave stands, a product for general households, remained in a difficult environment in line with cooling consumption trends.」

「The main products for farmers, including low-temperature storage units and insulated rice containers, and the microwave oven stands for general households remained at approximately the previous year’s level amid weak consumer spending.」

「In the industries related to our Group, capital investment remained active and business conditions were firm in the auto equipment sector. In the information equipment and lifestyle equipment sectors, however, the operating environment remained challenging due to sluggish market growth and intense price competition.」

「Most of the Group’s sales are generated in Japan and are primarily driven by private-sector demand, so the impact of domestic economic trends on our results cannot be avoided directly.」

「During the first nine months of the fiscal year, the Japanese economy followed a gradual recovery trend as corporate earnings and employment conditions improved. However, uncertainty about the economic outlook persisted due to developments in emerging Asian economies, the policy administration of the U.S. government and the impact of rising geopolitical risks.」

「During the first three months of the fiscal year, the Japanese economy followed a gradual recovery trend overall, as corporate earnings and employment and income conditions continued to improve, although uncertainty remained about overseas economies due to the operation of the U.S. administration, the slowdown in emerging-market economies and rising geopolitical risks in Asia.」

「Most of the Group’s sales are generated in Japan and are primarily driven by private-sector demand, so the impact of domestic economic trends on our results cannot be avoided directly.」

「Private consumption continued to lack strength,」

「During the cumulative second quarter of the fiscal year, Japan's economy continued to recover moderately against a backdrop of improving employment and income conditions.」

「Although Japan's economy had continued to recover moderately, exports and private consumption showed some weakness amid unstable movements in financial and capital markets, including a rapid appreciation of the yen and falling share prices,」