Domestic and Overseas Economic Slowdowns and Uncertainty Surrounding the Economic Environment
First written in FY2017-Q1. 13 of 32 entries say "Restated". Latest entry: 2026-08-12.
The whole theme swung hardest in 2022: 131 of 176 companies on the "Worse" side.
26 other companies' latest entry also says "Other".
- 2026-08-12OtherEarnings
「Demand has remained stagnant in recent years, and companies continue to seek their own recovery measures. However, in addition to continued government spending on social infrastructure and demand for the renewal of aging infrastructure, private-sector capital investment, including large-scale redevelopment in the Tokyo metropolitan area and data center investment, is also recovering. We therefore expect demand in both the bridge and steel structures businesses to recover toward the end of the fiscal year.」
The company described stagnant demand and structural pressure on profitability, while indicating that it expects demand in the bridge and steel structures businesses to recover toward the end of the fiscal year. - FY2026RestatedAnnual report
「During the interim accounting period, Japan’s economy was on a gradual recovery track but stalled due to slowing external demand and the effects of rising prices.」
The company reported both the domestic economy’s gradual recovery and its stagnation due to slowing external demand and rising prices, continuing to recognize uncertainty in the economic environment. - FY2026-H1RestatedAnnual report
「During the interim accounting period, Japan’s economy was on a gradual recovery track but stalled due to slowing external demand and the effects of rising prices.」
The domestic economy maintained a gradual recovery trend but stalled due to slowing external demand and rising prices, with uncertainty surrounding economic conditions continuing. - FY2025-H1Continued economic recovery, but persistent uncertaintyAnnual report
「During the interim accounting period, Japan’s economy continued to recover gradually despite negative factors including frequent natural disasters, high prices, higher costs and labor shortages, supported by increased inbound demand and progress in passing on higher costs to prices. However, conditions remained uncertain due to downside risks to overseas economies, unstable international conditions and volatility in financial and capital markets.」
While increased inbound demand and progress in passing on higher costs to prices supported a gradual economic recovery, uncertainty remained due to overseas economic conditions, international affairs and volatility in financial and capital markets. - FY2024Economic normalization alongside higher costs and continued uncertaintyAnnual report
「During the fiscal year, Japan’s economy moved toward normalization and showed signs of recovery as it overcame the effects of COVID-19. However, the outlook remained uncertain due to unstable international conditions, soaring raw material and energy prices, yen depreciation and rising prices.」
While recognizing the normalization of economic activity and the recovery in the economy, the company continued to report uncertainty due to international conditions, raw material and energy prices, yen depreciation and rising prices. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter, Japan’s economy followed a gradual recovery trend as economic activity normalized following the easing of restrictions related to COVID-19, with personal consumption also showing signs of recovery. However, the economic outlook remained uncertain due to rising prices, labor shortages, geopolitical uncertainty and the continued trend toward yen depreciation.」
While recognizing the normalization of economic activity and the recovery in personal consumption, the company continued to report uncertainty over the outlook due to rising prices, labor shortages, geopolitical uncertainty and yen depreciation. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter, Japan’s economy moved toward normalization as COVID-19 infection rates improved and various restrictions on activity were eased. However, the economic outlook remained uncertain due to inflation caused by soaring energy and raw material prices, chronic labor shortages, geopolitical uncertainty and the yen’s depreciation.」
While improving infection rates and the easing of restrictions advanced economic normalization, uncertainty over the outlook continued due to soaring energy and raw material prices, labor shortages, geopolitical uncertainty and yen depreciation. - FY2024-Q1Faster normalization, but higher costs and continued labor shortagesAnnual report
「During the cumulative first quarter, Japan’s economy moved more rapidly toward normalization as restrictions to prevent the spread of COVID-19 were eased, including the disease’s reclassification as a Category V infectious disease. However, the outlook remained uncertain due to inflation caused by soaring energy and raw material prices and chronic labor shortages.」
While the easing of restrictions and the reclassification of COVID-19 as a Category V infectious disease accelerated economic normalization, uncertainty continued due to soaring energy and raw material prices and chronic labor shortages. - FY2023Economic normalization alongside higher costs and yen depreciationAnnual report
「During the fiscal year, Japan’s economy showed signs of recovery as restrictions related to COVID-19 were eased and economic activity normalized. However, the outlook remained uncertain due to inflation caused by soaring energy and raw material prices and the yen’s depreciation resulting from widening interest-rate differentials between Japan and overseas markets.」
While the easing of restrictions advanced the normalization of economic activity, uncertainty over the outlook continued due to soaring energy and raw material prices and yen depreciation. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter, Japan’s economy followed a gradual recovery trend as social and economic activity normalized following the easing of various government restrictions, despite repeated increases and decreases in COVID-19 infections. However, the outlook remained uncertain due to soaring energy and raw material prices and sharp fluctuations in foreign exchange rates.」
While social and economic activity normalized and the economy showed signs of recovery, uncertainty over the outlook continued due to soaring energy and raw material prices and sharp foreign exchange fluctuations. - FY2023-Q2Economic normalization alongside cost inflation and yen depreciationAnnual report
「During the cumulative second quarter, Japan’s economy showed signs of recovery as social and economic activity normalized following the easing of various restrictions, despite a surge in COVID-19 infections. However, the outlook remained uncertain due to soaring energy and raw material prices and the yen’s sharp depreciation.」
While the easing of restrictions advanced the normalization of social and economic activity, uncertainty over the outlook continued due to soaring energy and raw material prices and the yen’s sharp depreciation. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter, Japan’s economy showed signs of normalization as restrictions on activity were gradually eased, despite the continuing impact of COVID-19. However, uncertainty over the outlook increased due to soaring energy and raw material prices and the yen’s sharp depreciation.」
While the easing of restrictions on activity supported normalization, uncertainty over the outlook increased due to soaring energy and raw material prices and the yen’s sharp depreciation. - FY2022WorsenedAnnual report
「During the fiscal year, some economic activity showed signs of recovery as measures to control COVID-19 took hold and vaccinations progressed. However, from the end of the third quarter onward, the outlook remained extremely uncertain due to the spread of new variants, soaring crude oil and raw material prices, and the weakening yen.」
While some economic activity recovered, the outlook became extremely uncertain due to variants, soaring crude oil and raw material prices, and the weakening yen. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter, Japan’s economy remained uncertain due to the impact of COVID-19, although some economic activity showed signs of recovery. While economic recovery is expected as vaccinations progress, concerns about the spread of variants mean that normalization is expected to take more time.」
While some economic activity showed signs of recovery, the company continued to recognize the prolonged impact of COVID-19, concerns about the spread of variants and the time required for normalization. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter, Japan’s economy remained in a difficult condition due to the impact of COVID-19, although some economic activity showed signs of recovery. While economic recovery is expected as vaccinations progress, uncertainty is expected to persist for the time being.」
While some economic activity showed signs of recovery and vaccinations raised hopes for a recovery, the company continued to recognize the difficult economic conditions caused by COVID-19 and near-term uncertainty. - FY2021RestatedAnnual report
「During the fiscal year, Japan’s economy remained in a difficult and uncertain environment, buffeted by the global spread of COVID-19.」
The company continued to recognize the impact of COVID-19 on economic activity and uncertainty over the outlook throughout the fiscal year. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter, Japan’s economy remained in a difficult state due to the spread of COVID-19. Although signs of a gradual recovery in economic activity emerged after the state of emergency was lifted in May 2020, uncertainty over the outlook persisted as infections spread again.」
The company continues to recognize the difficult economic conditions caused by the spread of COVID-19 and uncertainty over the outlook accompanying renewed spread. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter, Japan’s economy remained uncertain as the effects of COVID-19 persisted and concerns about further spread could not be dispelled. Although economic and social activity gradually resumed, the outlook remained uncertain despite expectations for a gradual recovery.」
While continuing to recognize uncertainty over the outlook due to the prolonged impact of COVID-19 and concerns about renewed spread, the company also expressed expectations for a gradual recovery as economic activity resumes. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter, Japan’s economy deteriorated rapidly as the spread of COVID-19 restricted economic and social activity. Although the lifting of the state of emergency raised expectations for the resumption of economic activity, the number of infections rose sharply again, leaving the outlook entirely uncertain.」
COVID-19 restricted economic and social activity, causing the domestic economy to deteriorate rapidly. Even after the state of emergency was lifted, the renewed increase in infections heightened uncertainty over the outlook. - FY2020-Q3MitigatedAnnual report
「During the cumulative third quarter, Japan’s economy remained on a gradual recovery track, supported by improved employment and income conditions, although some weakness was seen in the manufacturing sector.」
While some weakness was seen in manufacturing, the domestic economy maintained a gradual recovery trend against a backdrop of improved employment and income conditions, and the uncertainty over the outlook that had intensified in the previous period eased relatively. - FY2020-Q2WorsenedAnnual report
「During the cumulative second quarter, Japan’s economy remained on a gradual recovery track, supported by improved employment and income conditions. However, uncertainty over the outlook increased due to the slowdown in China’s economy resulting from U.S.-China trade friction and the prolonged uncertainty surrounding the United Kingdom’s withdrawal from the EU.」
The domestic economy maintained a gradual recovery trend, while uncertainty over the outlook increased due to the slowdown in China’s economy associated with U.S.-China trade friction and the prolonged uncertainty surrounding the United Kingdom’s withdrawal from the EU. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter, Japan’s economy remained on a gradual recovery track, despite being affected by overseas economic conditions, including U.S.-China trade friction and the slowdown in China’s economy, supported by improvements in employment and income conditions and increased capital investment.」
The domestic economy maintained a gradual recovery trend, supported by employment and income conditions and capital investment, while overseas economic risks from U.S.-China trade friction and the slowdown in China’s economy remained a concern. - FY2019WorsenedAnnual report
「However, exports stagnated as overseas economies slowed due to prolonged U.S.-China trade friction and instability in Europe, resulting in weaker economic conditions toward the end of the fiscal year.」
Prolonged U.S.-China trade friction and increasing instability in Europe led to a slowdown in overseas economies and sluggish exports, causing the domestic economy to weaken toward the end of the fiscal year. - FY2019-Q3WorsenedAnnual report
「However, overseas, the outlook remained uncertain amid concerns about the impact of prolonged U.S.-China trade friction and instability in Europe on the global economy going forward.」
The domestic economy maintained a gradual recovery trend, but prolonged U.S.-China trade friction and instability in Europe were identified as new sources of uncertainty. - FY2019-Q2WorsenedAnnual report
「During the cumulative second quarter, Japan’s economy remained on a gradual recovery track, supported by improved corporate earnings and employment conditions. However, the outlook remained uncertain amid concerns about the impact of successive natural disasters and escalating U.S.-China trade friction on the global economy.」
The domestic economy maintained its recovery trend, but successive natural disasters and escalating U.S.-China trade friction were identified as new sources of uncertainty. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter, Japan’s economy remained on a gradual recovery track, supported by solid employment and income conditions. However, the impact of U.S. trade and foreign policies on the global economy requires close attention.」
The domestic economy has maintained a gradual recovery trend, supported by employment and income conditions, while the impact of U.S. trade and foreign policies on the global economy continues to require attention. - FY2018MitigatedAnnual report
「Japan’s economy continued to expand gradually, driven mainly by the corporate sector. Exports followed an upward trend under the influence of overseas economies, which continued to grow moderately, while domestic capital investment remained resilient as corporate earnings and business sentiment improved.」
The company indicated that the domestic economy continued to expand gradually, supported by improvements in overseas economies, domestic capital investment and corporate earnings. - FY2018-Q2MitigatedAnnual report
「During the six-month period, Japan’s economy followed a steady recovery trend. Despite the impact of unstable overseas conditions, corporate earnings remained strong on the recovery in exports and resilient domestic demand, while personal consumption also showed steady performance against a backdrop of improving employment and income conditions.」
Although unstable overseas conditions remained, the company indicated that the domestic economy was on a steady recovery trend, supported by improvements in exports, domestic demand, corporate earnings, employment and income conditions, and personal consumption. - FY2018-Q1RestatedAnnual report
「During the three-month period, Japan’s economy followed a gradual recovery trend, with corporate earnings remaining at high levels and employment conditions showing improvement.」
The company indicated that the economy was on a gradual recovery trend, supported by improvements in corporate earnings and employment conditions, reaffirming the view that the economic environment had eased through the previous quarter. - FY2017-Q3MitigatedAnnual report
「The economy remained on a gradual recovery trend overall despite the impact of overseas political and economic factors, including concerns about slower growth in China, the UK’s decision to leave the EU and the US presidential election.」
Although concerns about a slowdown in the Chinese economy remained, the company explained that the domestic and global economies overall continued on a gradual recovery trend. - FY2017-Q2MaterialisedAnnual report
「During the six-month period, Japan’s economy remained stagnant despite improvements in employment and income conditions, as the yen’s appreciation and the slowdown in emerging-market economies led to deteriorating corporate performance.」
The company explained that yen appreciation and the slowdown in emerging-market economies led to deteriorating corporate performance and economic stagnation, indicating that the impact of economic environment risks had materialized. - FY2017-Q1First statedAnnual report
「Neither personal consumption nor industrial production showed strength, and stagnation continued. In addition, the slowdown in emerging-market economies, the decline in share prices and the yen’s appreciation since the start of the year, together with the issue of the United Kingdom’s withdrawal from the EU, created a prevailing sense of uncertainty about the economic outlook.」
Stagnant domestic demand and production, the slowdown in emerging-market economies, falling share prices, yen appreciation and the UK’s EU withdrawal issue were identified as sources of uncertainty about the economic outlook.