Concerns over consumer spending stemming from the consumption tax hike and global economic instability
First written in FY2020-Q3. 7 of 12 entries say "Worsened", first in FY2020. Latest entry: FY2026.
Ichikura 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: 24 of 31 companies on the "Worse" side.
18 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Meanwhile, the outlook remains uncertain due to the impact of U.S. trade policy, as well as inflation resulting from persistently high energy and raw material prices and the resulting increase in consumers’ preference for thrift-oriented spending.」
The existing concerns over geopolitical risks and price increases were joined by the impact of U.S. trade policy, elevated energy and raw material prices, and consumers' preference for saving. - 2026-05-13RestatedEarnings
「The outlook remains uncertain, owing to the impact of U.S. trade policy, inflation resulting from persistently high energy and raw-material prices, and the resulting increase in consumers’ preference for saving.」
The Company continues to cite inflation, persistently high raw-material prices, consumers’ preference for saving, and overseas policies as sources of uncertainty. - FY2026-H1RestatedAnnual report
「Although the economy showed a gradual recovery trend against a backdrop of a recovery in personal consumption and strength in external demand, including inbound demand, the outlook remained uncertain due to prolonged price increases and instability overseas.」
While recovery factors in personal consumption and external demand were identified, uncertainty about the outlook due to prolonged price increases and instability overseas continues to be noted. - FY2025-H1WorsenedAnnual report
「The situation remains uncertain amid surging raw material prices and price increases resulting from heightened geopolitical risks, including the prolonged situations in Ukraine and the Middle East, as well as changes in consumer sentiment brought about by higher prices.」
In addition to the existing concerns over the situation in Ukraine, surging raw material prices, and price increases, heightened geopolitical risks, including the situation in the Middle East, were explicitly identified, and uncertainty in the external environment persists. - FY2024-Q3RestatedAnnual report
「In addition to the yen's increasingly persistent depreciation, energy costs and raw material prices remain elevated as a result of the prolonged situation in Ukraine, and the resulting prolonged price increases mean that the economic outlook remains uncertain.」
The yen's depreciation, the situation in Ukraine, elevated energy costs and raw material prices, and prolonged price increases continue to be identified as external concerns. - FY2024-Q1RestatedAnnual report
「At the same time, in addition to the yen's depreciation, energy costs and raw material prices remain elevated as a result of the prolonged situation in Ukraine, and consumer sentiment has changed amid the resulting price increases, leaving the situation uncertain.」
The yen's depreciation, the situation in Ukraine, elevated energy costs and raw material prices, and changes in consumer sentiment resulting from price increases continue to be identified as external concerns. - FY2023WorsenedAnnual report
「At the same time, the risk of a downturn in the domestic economy remains due to sharp price increases driven by the yen's depreciation and surging global resource and raw material prices resulting from the prolonged situation in Ukraine, and the outlook remains uncertain.」
The yen's depreciation, the situation in Ukraine, surging resource and raw material prices, and sharp price increases continue to be identified as factors driving a downturn in the domestic economy. - FY2023-Q3WorsenedAnnual report
「At the same time, the risk of a downturn in the domestic economy remains due to sharp price increases driven by the yen's depreciation and surging crude oil and raw material prices, and the outlook remains uncertain.」
In addition to the existing concerns about the pandemic and instability in the global economy, the yen's depreciation, surging crude oil and raw material prices, and sharp price increases were explicitly identified as factors driving a downturn in the domestic economy. - FY2023-Q1WorsenedAnnual report
「At the same time, factors driving up prices have converged, including financial market volatility caused by the sharp depreciation of the yen and surging resource and energy prices following Russia's invasion of Ukraine, and the outlook remains uncertain.」
In addition to the existing concerns about instability in the global economy, the sharp depreciation of the yen, financial market volatility, and surging resource and energy prices following Russia's invasion of Ukraine were identified as specific external factors, and uncertainty about the outlook persists. - FY2021-Q1WorsenedAnnual report
「With no clear prospect of when the COVID-19 pandemic will subside, uncertainty about the outlook remains strong, raising concerns that its impact on corporate earnings will be prolonged.」
In addition to the consumption tax increase and instability in the global economy, the timing of the pandemic's subsiding remains unclear, raising concerns that its impact on corporate earnings will be prolonged. - FY2020WorsenedAnnual report
「Concerns about the impact on the global economy of the spread of the novel coronavirus infection, which emerged toward the end of the current consolidated fiscal year, gradually increased. In Japan, economic activity was also significantly constrained by restrictions on going out and the cancellation or postponement of events as measures to prevent the spread of the infection.」
In addition to the existing concerns about the consumption tax increase and global economic instability, restrictions on going out and the cancellation or postponement of events due to the novel coronavirus emerged as concrete constraints on economic activity. - FY2020-Q3First statedAnnual report
「The outlook remains uncertain, including due to the continued instability of the global economy resulting from U.S.-China trade friction and other factors.」
Concerns about the impact of the consumption tax increase on personal consumption and the instability of the global economy resulting from U.S.-China trade friction and other factors were identified for the first time in this performance analysis as separate external concerns.