Low Growth in the Domestic Economy, Slowing Capital Investment, and Weak Consumer Recovery
First written in FY2020-Q3. 5 of 17 entries say "Worsened", first in FY2020. Latest entry: FY2026-H1.
The Hanshin Diesel Works moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 72 of 92 companies on the "Worse" side.
23 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim accounting period, Japan's economy continued on a gradual recovery trend as economic activity became more active on improvements in corporate earnings and income conditions and an increase in inbound demand.」
The company states that the domestic economy's gradual recovery trend is continuing, supported by improvements in corporate earnings and income conditions and an increase in inbound demand. - FY2025-H1MitigatedAnnual report
「During the interim accounting period, Japan's economy entered a gradual recovery trend as economic activity became more active on improvements in employment and income conditions and an increase in inbound demand.」
The company states that the domestic economy is on a gradual recovery trend, supported by improvements in employment and income conditions and an increase in inbound demand. - FY2024-Q3MitigatedAnnual report
「During the third quarter cumulative period, Japan's economy entered a gradual recovery trend, supported by an increase in inbound demand and improving capital investment.」
The company states that the outlook for the domestic economy improved from the previous view of uncertainty and low growth to a gradual recovery trend, supported by increased inbound demand and improving capital investment. - FY2023MitigatedAnnual report
「During the fiscal year, Japan's economy continued to recover gradually as COVID-19-related restrictions were eased.」
Against the backdrop of eased activity restrictions, recognition of the domestic economy improved from a sharp recession and slow recovery to a gradual recovery. - FY2023-Q3Consumption recovering alongside a deterioration in the external environment as restrictions are easedAnnual report
「During the first 3 quarters of the fiscal year, Japan's economy showed signs of a recovery in personal consumption as restrictions on activity related to COVID-19 were eased. However, uncertainty about the outlook persisted because of high inflation driven by prolonged tensions in Ukraine and surging resource prices, as well as concerns over slowing growth in overseas economies.」
While noting a recovery in personal consumption as restrictions were eased, the company states that the outlook remains uncertain because of the prolonged situation in Ukraine, higher resource prices and inflation, and concerns over economic slowdowns in other countries. - FY2023-Q2Personal consumption recovering alongside uncertainty from the weaker yen and higher resource pricesAnnual report
「During the second quarter cumulative period, personal consumption showed signs of recovery as COVID-19-related restrictions were eased, but the outlook remained uncertain because higher prices, driven by deteriorating terms of trade due to the weaker yen and surging resource prices, continued.」
While indicating a recovery in personal consumption as restrictions were eased, the company also states that the outlook remains uncertain because higher prices resulting from deteriorating terms of trade due to the weaker yen and higher resource prices. - FY2023-Q1RestatedAnnual report
「During the first quarter cumulative period, personal consumption and exports increased as the pandemic subsided temporarily from last autumn through year-end, but the spread of the Omicron variant from the start of the year put downward pressure on personal consumption and production.」
The company continues to describe an increase in consumption and exports resulting from the temporary subsiding of the pandemic, alongside downward pressure on personal consumption and production from the spread of the Omicron variant. - FY2022The Omicron variant putting downward pressure on domestic consumption and productionAnnual report
「During the fiscal year, personal consumption and exports increased as the pandemic subsided temporarily from last autumn through year-end, but the spread of the Omicron variant from the start of the year put downward pressure on personal consumption and production.」
Although personal consumption and exports increased toward year-end, the spread of the Omicron variant from the start of the year put downward pressure on personal consumption and production. - FY2022-Q3Improving economic conditions alongside uncertainty over the Omicron variantAnnual report
「During the third quarter cumulative period, economic sentiment was improving as activity restrictions were eased following an improvement in the COVID-19 situation, but the outlook was uncertain because the impact of the Omicron variant could not be determined.」
The company notes improving economic sentiment as the infection situation improved and activity restrictions were eased, while stating that the domestic economy remains uncertain because the impact of the Omicron variant cannot be determined. - FY2022-Q2MitigatedAnnual report
「During the second quarter cumulative period, services consumption declined following the reissuance of the state of emergency, while progress in vaccinations led to a recovery. Although the economy appeared to be in a recovery phase, some areas remained lacking in strength.」
Although the decline in services consumption continued, recognition improved from the previous quarter's outlook for a slow recovery to an economic recovery phase as vaccinations progressed. However, some weakness remained. - FY2022-Q1WorsenedAnnual report
「During the first quarter cumulative period, Japan's economy was held back by a decline in services consumption following the reissuance of the state of emergency and shortages of semiconductors for automotive applications, while delays in the pace of COVID-19 vaccinations also contributed, resulting in expectations of a slow recovery ahead.」
While maintaining its expectation of a slow recovery in the domestic economy, the company specifically identifies the decline in services consumption, shortages of automotive semiconductors and delays in vaccinations as downward pressure factors. - FY2021RestatedAnnual report
「During the fiscal year, Japan's economy saw personal consumption and exports increase as the pandemic subsided temporarily in the second half of 2020, but activity, particularly in services, declined following the reissuance of the state of emergency, and the recovery ahead is expected to be slow.」
While noting a temporary increase in personal consumption and exports, the company continues to recognize that the recovery ahead will be slow because of the resurgence of the pandemic. - FY2021-Q3WorsenedAnnual report
「During the third quarter cumulative period, the resurgence of COVID-19 in Japan and overseas put downward pressure on consumption and exports, while wages and capital investment are expected to undergo adjustment, resulting in a slowing recovery.」
The company states that the resurgence of the pandemic has put downward pressure on consumption and exports, and that adjustments in wages and capital investment are expected, causing the pace of recovery in the domestic economy to slow. - FY2021-Q2WorsenedAnnual report
「During the second quarter cumulative period, consumer activity remained subdued amid concerns about a resurgence of COVID-19, while capital investment is expected to undergo further adjustment, leading to expectations of a slow recovery ahead.」
The company states that subdued consumer activity is continuing amid concerns about a resurgence of the pandemic, while capital investment is expected to be adjusted and the pace of recovery to slow, deepening the risks of low growth and recession in the domestic economy. - FY2021-Q1WorsenedAnnual report
「During the first quarter cumulative period, Japan's economy was in a sharp recession as actual demand declined because of the spread of COVID-19, and significant negative growth is expected.」
In addition to the sharp recession continuing from the previous fiscal year, the company expects significant negative growth. - FY2020WorsenedAnnual report
「During the fiscal year, Japan's economy entered a sharp recession as exports declined amid the downturn in the Chinese economy, while actual demand weakened because of the consumption tax increase and the impact of the COVID-19 pandemic.」
The outlook for the domestic economy has deteriorated from the previous expectation of low growth due to slowing capital investment and weak consumer recovery to a sharp recession accompanied by declining exports, the consumption tax increase and a decline in actual demand caused by the pandemic. - FY2020-Q3First statedAnnual report
「Although exports appear to have bottomed out, capital investment is slowing and consumer recovery remains weak, so low growth is expected to continue.」
The company newly states that, although the decline in exports appears to have bottomed out, low growth is expected to continue in the domestic economy because of slowing capital investment and weak consumer recovery.