Moderate Recovery in the Domestic Economy
First written in FY2016-Q3. 17 of 38 entries say "Restated". Latest entry: FY2026.
Rakumachi 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: 23 of 54 companies on the "Worse" side.
18 other companies' latest entry also says "Other".
- FY2026A gradual recovery presented alongside inflation, financial and international risksAnnual report
「During the fiscal year, the Japanese economy remained on a gradual recovery track, supported by improvements in employment and income conditions against a backdrop of solid wage increases. However, rising prices, particularly for food, continued to burden households, and personal consumption remained weak. In financial markets, the Bank of Japan raised its policy interest rate in December 2025 and June 2026, and long-term interest rates also rose. In addition, the outlook for economic activity remained uncertain due to the impact of developments in U.S. tariff policy, exchange-rate fluctuations and an unstable international situation.」
The report indicates a recovery trend driven by employment and income conditions, while citing rising prices, weak personal consumption, policy rate increases, U.S. tariff policy, exchange rates and the international situation as factors contributing to uncertainty. - FY2026-H1RestatedAnnual report
「During the interim accounting period, the Japanese economy remained on a gradual recovery track due to improvements in employment and income conditions, but the outlook for economic activity remained uncertain because of exchange-rate fluctuations caused by an unstable international situation and soaring energy prices.」
The report continues to present a gradual recovery trend driven by improvements in employment and income conditions alongside uncertainty over the outlook caused by exchange rates, energy prices and other factors. - FY2025A gradual recovery trend presented alongside inflation risksAnnual report
「During the fiscal year, the Japanese economy remained on a gradual recovery track, supported by improvements in employment and income conditions and the growth of inbound tourism. However, personal consumption remained cautious due to the impact of soaring energy and food prices, and the outlook for economic activity remained uncertain.」
The report presents a recovery trend driven by improvements in employment and income conditions and growth in inbound tourism, alongside uncertainty over the outlook caused by higher energy and food prices. - FY2025-H1A gradual recovery trend presented alongside foreign-exchange and energy risksAnnual report
「During the interim accounting period, the Japanese economy remained on a gradual recovery track due to improvements in employment and income conditions, but the outlook for economic activity remained uncertain because of exchange-rate fluctuations caused by an unstable international situation and soaring energy prices.」
The report presents a recovery trend driven by improvements in employment and income conditions alongside uncertainty over the outlook caused by the international situation, exchange rates and energy prices. - FY2024Economic recovery presented alongside external risksAnnual report
「As the economy normalized with increased movement of people and inbound tourism following the reclassification of COVID-19 as a Class 5 disease, a gradual recovery was observed. However, the outlook remained uncertain due to numerous concerns, including high prices caused by soaring resource and energy costs and the prolonged instability in Ukraine and Israel.」
The report describes economic normalization and a gradual recovery, while also citing high prices and the situations in Ukraine and Israel as factors contributing to uncertainty over the outlook. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter, the impact of COVID-19 had eased and economic activity was expected to normalize, but the outlook remained uncertain due to higher energy and raw material prices resulting from the prolonged Russian invasion of Ukraine, as well as further price increases caused by the weaker yen.」
As the impact of COVID-19 eased and economic activity was expected to normalize, the report continued to cite inflation caused by higher energy and raw material prices and the weaker yen as factors contributing to uncertainty. - FY2024-Q2A recovery trend presented alongside foreign-exchange and energy risksAnnual report
「During the cumulative second quarter, the impact of COVID-19 had eased, economic activity was moving toward normalization and the economy was on a recovery trend, but the outlook remained uncertain due to exchange-rate fluctuations and soaring energy prices.」
The report indicates that the impact of COVID-19 had eased and that economic activity was normalizing and recovering, while also presenting uncertainty over the outlook due to exchange-rate fluctuations and soaring energy prices. - FY2024-Q1Expectations for a domestic recovery presented alongside concerns over the global economyAnnual report
「During the cumulative first quarter, the global economy was expected to remain difficult due to the prolonged situation in Ukraine, financial instability and soaring material and energy prices, while in Japan the easing impact of COVID-19 was expected to support normalization of socioeconomic activity and further recovery.」
While indicating difficult conditions for the global economy due to the situation in Ukraine, financial instability and soaring material and energy prices, the report expresses expectations for a reduced impact of COVID-19, normalization of socioeconomic activity and further recovery in Japan. - FY2023Economic normalization presented alongside external concernsAnnual report
「During the fiscal year, the Japanese economy showed signs of a gradual recovery as the impact of COVID-19 eased and social activity normalized. However, the outlook remained uncertain due to numerous concerns, including the weaker yen, high prices, the prolonged situation in Ukraine and growing financial instability overseas.」
The report describes the easing impact of COVID-19 and normalization of social activity, alongside the weaker yen, high prices, the situation in Ukraine and overseas financial instability as concerns for the outlook. - FY2023-Q3Expectations for economic normalization presented alongside external risksAnnual report
「During the cumulative third quarter, the impact of COVID-19 had eased and economic activity was expected to normalize, but the outlook remained uncertain due to higher energy and raw material prices resulting from the prolonged Russian invasion of Ukraine, as well as further price increases caused by the weaker yen.」
As the impact of COVID-19 eased and economic activity was expected to normalize, the report also presents uncertainty over the outlook due to higher energy and raw material prices and inflation. - FY2023-Q2A recovery trend presented alongside external risksAnnual report
「During the cumulative second quarter, economic activity was moving toward normalization and showed some signs of recovery as the impact of COVID-19 continued, but the outlook remained uncertain due to downside risks to overseas economies against a backdrop of global monetary tightening and soaring energy prices resulting from the prolonged Russian invasion of Ukraine.」
The report indicates normalization of economic activity and some signs of recovery, while citing global monetary tightening, downside risks to overseas economies and soaring energy prices resulting from the prolonged invasion of Ukraine as factors contributing to uncertainty. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter, the Japanese economy remained in difficult conditions, despite a temporary recovery driven by various COVID-19 policies and the wider rollout of vaccinations, as economic activity was again restricted with the spread of the Omicron variant. In addition, the outlook remained uncertain due to the escalating situation in Ukraine and the rapid depreciation of the yen.」
The report continues to describe difficult conditions and uncertainty over the outlook due to restrictions on economic activity, the situation in Ukraine and the rapid depreciation of the yen. - FY2022WorsenedAnnual report
「During the fiscal year, the Japanese economy remained in difficult conditions, despite a temporary recovery driven by various COVID-19 policies and the wider rollout of vaccinations, as economic activity was again restricted with the spread of the Omicron variant. In addition, the outlook remained uncertain due to the escalating situation in Ukraine and the rapid depreciation of the yen.」
Alongside the temporary recovery, the report cites restrictions on economic activity caused by the Omicron variant, the situation in Ukraine and the rapid depreciation of the yen, describing difficult conditions and uncertainty over the outlook. - FY2022-Q3SoftenedAnnual report
「During the cumulative third quarter, the Japanese economy was expected to see a full-scale resumption of economic activity and revitalization as vaccinations against COVID-19 progressed and various policies took effect, but the outlook for the domestic and global economies remained uncertain due to variants and social instability in Russia and Ukraine.」
Expectations for a full-scale resumption of economic activity as vaccinations progressed and policies took effect were expressed, softening the description from the previous difficult conditions, while uncertainty over the outlook continued. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter, the Japanese economy remained in an extremely difficult situation, with personal consumption, capital investment and exports falling sharply due to the spread of COVID-19. Although economic activity was gradually being resumed in Japan and overseas, the number of new cases had begun to rise again, and the outlook remained uncertain.」
The report continues to describe difficult economic conditions caused by declines in personal consumption, capital investment and exports, alongside uncertainty over the outlook due to the renewed increase in new cases. - FY2022-Q1SoftenedAnnual report
「During the cumulative first quarter, the Japanese economy remained significantly affected by COVID-19 and, although it was on a recovery track, lacked strength. As vaccinations progressed, the number of new cases gradually declined and conditions emerged in which economic activity was expected to pick up, but the outlook remained uncertain.」
While stating that the impact of COVID-19 remained significant and the outlook uncertain, the report notes that the economy was on a recovery track and that the number of new cases was declining. - FY2021WorsenedAnnual report
「During the fiscal year, economic activity in Japan was significantly restricted due to the spread of COVID-19. Although economic activity was gradually being resumed in Japan and overseas, concerns including the rapid spread of variants and delays in vaccine distribution remained, and the outlook was still uncertain.」
In addition to restrictions on economic activity, the report cites the rapid spread of variants and delays in vaccine distribution as factors of concern. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter, the Japanese economy remained in an extremely difficult situation, with personal consumption, capital investment and exports falling sharply due to the spread of COVID-19. Although economic activity was gradually being resumed in Japan and overseas, the number of new cases had begun to rise again, and the outlook remained uncertain.」
The report continues to describe difficult economic conditions caused by sharp declines in personal consumption, capital investment and exports, alongside uncertainty over the outlook due to the renewed increase in new cases. - FY2021-Q2WorsenedAnnual report
「During the cumulative second quarter, the Japanese economy remained in an extremely difficult situation, with personal consumption, capital investment and exports falling sharply due to the spread of COVID-19. Although economic activity was gradually being resumed in Japan and overseas, the number of new cases had begun to rise again, and the outlook remained uncertain.」
The report describes extremely difficult economic conditions caused by sharp declines in personal consumption, capital investment and exports, alongside uncertainty over the outlook due to the renewed increase in new cases. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter, the Japanese economy continued to contract, with personal consumption, capital investment and exports falling sharply due to the spread of COVID-19. Although vaccine development was progressing, the number of new COVID-19 cases had begun to rise again, and the outlook remained uncertain.」
The report continues to cite uncertainty over the outlook, stating that personal consumption, capital investment and exports fell sharply due to COVID-19 and that the number of new cases had begun to rise again. - FY2020WorsenedAnnual report
「During the fiscal year, corporate earnings and employment conditions were on a gradual recovery track through the end of 2019 as a result of the government's and the Bank of Japan's economic and monetary policies, but from 2020 the domestic and overseas economic slowdown caused by the spread of COVID-19 left the economic outlook uncertain.」
The report describes the domestic and overseas economic slowdown and increased uncertainty over the outlook caused by the spread of COVID-19, in addition to the previous gradual recovery trend. - FY2020-Q3WorsenedAnnual report
「During the cumulative third quarter, the employment environment remained solid as a result of the government's and the Bank of Japan's economic and monetary policies, but capital investment and exports weakened and signs of a slowdown in corporate performance emerged. In addition, the impact of the consumption tax rate increase and the spread of COVID-19 was significant, leaving the outlook uncertain.」
While recognizing the strength of the employment environment, the report states that capital investment and exports weakened and that the impact of the spread of COVID-19 was significant, in addition to the slowdown in corporate performance. - FY2020-Q2WorsenedAnnual report
「During the cumulative second quarter, the employment environment remained solid, but capital investment and exports weakened and signs of a slowdown in corporate performance emerged. In addition, the consumption tax rate increase and the impact of COVID-19 left the outlook uncertain.」
While recognizing the strength of the employment environment, the report continues to cite uncertainty over the outlook due to weak capital investment and exports, a slowdown in corporate performance, the consumption tax rate increase and the impact of COVID-19. - FY2020-Q1WorsenedAnnual report
「During the cumulative first quarter, tensions arising from trade friction between the United States and China and the resulting caution over the global economy began to negatively affect corporate performance, particularly in manufacturing. In addition, the consumption tax rate was raised, further increasing uncertainty over the economic outlook.」
The report states that U.S.-China trade friction began to negatively affect corporate performance and that the consumption tax rate increase and other factors further heightened uncertainty over the outlook. - FY2019RestatedAnnual report
「During the fiscal year, the Japanese economy gradually recovered in terms of corporate earnings and employment conditions as a result of the government's and the Bank of Japan's economic and monetary policies, but the outlook remained uncertain due to U.S. economic and foreign policies and economic slowdown in China and emerging economies.」
The report presents a gradual recovery in the domestic economy alongside uncertainty over the outlook caused by U.S. policies and economic slowdown in China and emerging economies. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter, the Japanese economy was gradually recovering in terms of corporate earnings and employment conditions as a result of the government's and the Bank of Japan's economic and monetary policies, but the outlook remained uncertain due to the impact of U.S. economic and foreign policies and geopolitical risks in East Asia.」
The report presents a gradual recovery in the domestic economy alongside uncertainty over the outlook caused by U.S. policies and geopolitical risks in East Asia. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter, the Japanese economy was on a gradual recovery track, supported by improvements in corporate earnings and the resulting improvement in employment conditions.」
The report continues to identify a gradual recovery in the domestic economy driven by improvements in corporate earnings and employment conditions. - FY2018RestatedAnnual report
「During the fiscal year, the Japanese economy gradually recovered in terms of corporate earnings and employment conditions as a result of the government's and the Bank of Japan's economic and monetary policies, but the outlook remained uncertain due to U.S. economic and foreign policies and economic slowdown in China and emerging economies.」
The report presents a gradual recovery in the domestic economy alongside uncertainty over the outlook caused by overseas policies and economic conditions. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter, the Japanese economy was gradually recovering in terms of corporate earnings and employment conditions as a result of the government's and the Bank of Japan's economic and monetary policies, but the outlook remained uncertain due to geopolitical risks in East Asia and the impact of monetary policies in Europe and the United States.」
The report presents a gradual recovery in corporate earnings and employment conditions alongside uncertainty over the outlook caused by geopolitical risks in East Asia and monetary policies in Europe and the United States. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter, the Japanese economy was gradually recovering in terms of corporate earnings and employment conditions as a result of the government's and the Bank of Japan's economic and monetary policies, but the outlook remained uncertain due to the impact of geopolitical risks in East Asia and signs of economic slowdown in China and emerging economies.」
The report presents a gradual recovery in corporate earnings and employment conditions alongside uncertainty over the outlook caused by geopolitical risks in East Asia and signs of economic slowdown in China and emerging economies. - FY2017RestatedAnnual report
「During the fiscal year, the Japanese economy gradually recovered in terms of corporate earnings and employment conditions as a result of the government's and the Bank of Japan's economic and monetary policies, but the outlook remained uncertain due to the UK's withdrawal from the EU, U.S. economic and foreign policies, and economic slowdown in China and emerging economies.」
The report presents a gradual recovery alongside uncertainty over the outlook caused by political and economic factors overseas. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter, the Japanese economy was gradually recovering in terms of corporate earnings and employment conditions as a result of the government's and the Bank of Japan's economic and monetary policies, but the outlook remained uncertain due to the impact of U.S. economic and foreign policies and geopolitical risks in East Asia.」
The report presents a gradual recovery in corporate earnings and employment conditions alongside uncertainty over the outlook caused by U.S. economic and foreign policies and geopolitical risks in East Asia. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter, the Japanese economy was gradually recovering in terms of corporate earnings and employment conditions as a result of the government's and the Bank of Japan's economic and monetary policies, but the outlook remained uncertain due to the impact of U.S. economic policies and signs of economic slowdown in China and emerging economies.」
The report presents a gradual recovery in corporate earnings and employment conditions alongside uncertainty over the outlook caused by U.S. economic policies and signs of economic slowdown in China and emerging economies. - FY2017-Q1RestatedAnnual report
「During the cumulative first quarter, the Japanese economy was gradually recovering in terms of corporate earnings and employment conditions as a result of the government's and the Bank of Japan's economic and monetary policies, but the outlook remained uncertain due to the impact of the U.S. presidential election and signs of economic slowdown in China and emerging economies.」
The report presents a gradual recovery in corporate earnings and employment conditions alongside uncertainty over the outlook caused by external factors. - FY2016SoftenedAnnual report
「During the fiscal year, Japan’s economy gradually recovered in terms of corporate earnings and employment conditions as a result of economic and monetary policies implemented by the government and the Bank of Japan. However, the outlook remained uncertain because of the United Kingdom’s decision to leave the EU, the economic slowdown in China and emerging markets, and signs of slowing inbound demand.」
The description of a gradual recovery adds uncertainty factors including Brexit, the slowdown in China and emerging markets, and weaker inbound demand. - FY2016-Q3First statedAnnual report
「Corporate earnings and employment conditions have been gradually recovering as a result of economic and monetary policies implemented by the government and the Bank of Japan.」
The company describes the condition of the domestic economy and employment market as it sees it.