Improvement in Corporate Earnings and Employment and Income Conditions Against the Backdrop of Yen Depreciation
First written in FY2018-Q2. 16 of 21 entries say "Reframed", first in FY2020-Q1. Latest entry: 2026-05-15.
Seibu Electric & Machinery 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: 27 of 60 companies on the "Worse" side.
12 other companies' latest entry also says "Reframed".
- 2026-05-15ReframedFinancial results presentation
「米国による関税引き上げや中国経済の低迷が懸念されたものの、生成AI関連投資の拡大を背景に、半導体市場向け、データセンター向け、電気自動車関連分野における需要は堅調に推移」
米国関税や中国経済への懸念と、生成AI関連投資を背景とする需要の堅調さを併記している。 - FY2026-H1ReframedAnnual report
「During the current interim consolidated accounting period, Japan's manufacturing earnings, particularly at export-related companies, were pressured by the effects of US tariff policies. However, the economy remained on a moderate recovery track, supported by solid capital investment demand and expanding digital investment.」
The assessment of the domestic economy has changed from the previous explanation of a recovery driven by yen depreciation to one that cites both pressure on manufacturing earnings from US tariff policies and a moderate recovery supported by capital investment and digital investment. - FY2024-Q3ReframedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, economic conditions continued to improve as social and economic activity normalized after the COVID-19 pandemic, supported by solid corporate capital investment. Meanwhile, uncertainty regarding the outlook increased due to the continuing effects of soaring resource prices and higher prices, as well as concerns about a global recession resulting from global monetary tightening and a slowdown in the Chinese economy.」
While indicating that normalization of social and economic activity and corporate capital investment supported an economic improvement, the company states that uncertainty regarding the outlook increased due to concerns about a recession resulting from resource prices and higher prices, monetary tightening and a slowdown in the Chinese economy. - FY2024-Q2ReframedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's social and economic activity was moving toward normalization after the COVID-19 pandemic, and the economy showed signs of recovery despite the effects of soaring resource prices and higher prices. The impact on production from shortages of electronic components, including semiconductors, also began to ease in some areas. Meanwhile, raw material and resource prices continued to rise in the manufacturing sector, and concerns about a global recession resulting from global monetary tightening and a slowdown in the Chinese economy increased uncertainty further.」
While indicating normalization after the COVID-19 pandemic, an economic recovery and some easing of electronic component shortages, the company also cites concerns about a recession due to resource prices and higher prices, soaring raw material prices, monetary tightening and a slowdown in the Chinese economy. - FY2024-Q1ReframedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's social and economic activity was moving toward normalization after the COVID-19 pandemic, and the economy showed signs of recovery despite the effects of soaring resource prices and higher prices. Meanwhile, raw material and resource prices continued to rise in the manufacturing sector, affecting production through shortages of electronic components, including semiconductors. Concerns about a global recession resulting from monetary tightening in the United States, Europe and other countries have also increased uncertainty further.」
While indicating the normalization of social and economic activity after the COVID-19 pandemic and an economic recovery, the company also cites increasing uncertainty due to resource prices and higher prices, shortages of electronic components and concerns about a global recession. - FY2023-Q3ReframedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the Japanese economy showed signs of recovery from the downturn caused by COVID-19, but the sharp depreciation of the yen increased import costs, resulting in widespread effects from surging prices.」
While describing signs of recovery from the economic downturn caused by COVID-19, the company also cites new sources of uncertainty arising from the sharp depreciation of the yen, higher import costs and surging prices. - FY2022-Q3ReframedAnnual report
「Although economic activity had not yet returned to normal due to the prolonged COVID-19 pandemic, restrictions on movement were gradually eased through wider vaccine uptake and various continuing infection-control measures, and signs of a recovery emerged. Meanwhile, shortages of electronic components, including semiconductors, affected production, particularly in manufacturing, and raw material prices rose, so uncertainty about the outlook persisted.」
The assessment indicates that, while economic activity is recovering as restrictions on activity are eased, the normalization of economic activity and the outlook remain uncertain due to the prolonged impact of the pandemic, shortages of electronic components and rising raw material prices. - FY2022-Q2ReframedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the Japanese economy was expected to normalize economic activity as COVID-19 vaccines became more widespread, although there were concerns about a possible resurgence of infections. In addition, production was affected, mainly in the manufacturing sector, by shortages of electronic components, including semiconductors, while raw material prices rose, and uncertainty regarding the outlook persisted.」
In addition to the previous expectations for the resumption and normalization of economic activity, the company also cites uncertainty due to a resurgence of infections, shortages of electronic components and rising raw material prices. - FY2022-Q1ReframedAnnual report
「Although normalization of economic activity is expected as COVID-19 vaccines become more widespread, uncertainty about the outlook persists amid the spread of new variants and other factors.」
While indicating expectations for the normalization of economic activity, the assessment has changed to indicate that uncertainty regarding the outlook will continue due to the spread of new variants and other factors. - FY2021-Q3ReframedAnnual report
「During the cumulative third quarter under review, economic activity in Japan was still affected by COVID-19, and activity in various sectors was required to take place under a range of infection-control measures. As there was still no clear prospect of the pandemic ending, uncertainty about the outlook persisted.」
The assessment has changed from the previous description of a moderate economic recovery trend to one indicating that economic activity continues alongside measures to prevent infections amid the effects of COVID-19, with uncertainty regarding the outlook persisting. - FY2021-Q2ReframedAnnual report
「During the cumulative second quarter under review, economic activity in Japan showed signs of gradually resuming in some areas despite the continuing effects of COVID-19, but uncertainty about the outlook persisted.」
The company states that, although there has been some movement toward resuming economic activity in the domestic economy, the effects of COVID-19 and uncertainty regarding the outlook continue. - FY2021-Q1ReframedAnnual report
「During the cumulative first quarter under review, Japan’s economy faced a severe environment, having been significantly affected by the spread of COVID-19, while uncertainty increased not only for exports but also for domestic capital investment.」
The assessment has changed from the previous description of a moderate economic recovery trend to one indicating that the domestic economy is facing difficult conditions due to the effects of COVID-19, with increased uncertainty regarding exports and capital investment. - FY2020ReframedAnnual report
「Furthermore, the spread of the novel coronavirus has severely affected the economy not only in Japan but worldwide, and there are still no signs that it is coming to an end. Concerns about an economic slowdown have emerged, and uncertainty about the outlook for economic trends and capital investment has increased.」
The assessment has changed from the previous description of a moderate economic recovery trend to one indicating increased uncertainty regarding economic conditions and capital investment due to the global spread of COVID-19. - FY2020-Q3ReframedAnnual report
「During the cumulative third quarter under review, Japan’s economy continued to expand moderately overall. However, overseas concerns included the effects of US-China trade friction and economic and social conditions in Europe and the Middle East, while in Japan, the effects of large-scale disasters such as typhoons heightened uncertainty about economic trends and capital investment.」
While describing the domestic economy as expanding moderately, the assessment has changed to indicate increased uncertainty regarding economic conditions and capital investment due to US-China trade friction, conditions in Europe and the Middle East, and major disasters such as typhoons. - FY2020-Q2ReframedAnnual report
「During the cumulative second quarter under review, Japan’s economy continued to recover moderately, supported by improvements in corporate earnings and the employment and income environment. However, uncertainty in overseas economies increased, including due to the sluggish Chinese economy resulting from economic friction between the US and China, while the outlook in Japan remained uncertain due to the effects of large-scale natural disasters and the consumption tax increase.」
While maintaining its description of improvements in corporate earnings and employment and income conditions and a moderate recovery trend, the assessment has changed to indicate an uncertain outlook due to increasing uncertainty in overseas economies and the effects of major domestic disasters and the consumption tax hike. - FY2020-Q1ReframedAnnual report
「During the cumulative first quarter under review, Japan’s economy continued to recover moderately, supported by improvements in corporate earnings and the employment and income environment. However, the outlook remained uncertain due to the sluggish Chinese economy resulting from economic friction between the US and China, as well as political instability in the Middle East.」
While maintaining its description of improvements in corporate earnings and employment and income conditions and a moderate recovery trend, the assessment has changed to indicate an uncertain outlook due to the downturn in the Chinese economy resulting from US-China economic friction and political instability in the Middle East. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the Japanese economy continued on a moderate recovery track as corporate earnings and employment and income conditions continued to improve.」
The company continues to describe improvements in corporate earnings and employment and income conditions, together with the domestic economy's moderate recovery trend. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the Japanese economy continued on a moderate recovery track as corporate earnings and employment and income conditions continued to improve.」
The company continues to describe improvements in corporate earnings and employment and income conditions, together with the domestic economy's moderate recovery trend. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the Japanese economy continued on a moderate recovery track as corporate earnings and employment and income conditions continued to improve.」
The company continues to describe improvements in corporate earnings and employment and income conditions, together with the domestic economy's moderate recovery trend. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the Japanese economy continued to recover moderately, with improvements seen in corporate earnings and employment and income conditions against a backdrop including yen depreciation.」
The company continues to describe improvements in corporate earnings and employment and income conditions, together with the domestic economy's moderate recovery trend. - FY2018-Q2First statedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the Japanese economy continued to recover moderately, with improvements seen in corporate earnings and employment and income conditions against a backdrop including yen depreciation.」
The company states that corporate earnings and employment and income conditions improved against a backdrop of yen depreciation, with the domestic economy on a moderate recovery track.