Uncertain economic environment ahead, including stock prices, exchange rates and personal consumption
First written in FY2016-Q3. 11 of 19 entries say "Restated". Latest entry: FY2021-Q3.
Global Kids Company Corp. moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2020: 40 of 57 companies on the "Worse" side.
2 other companies' latest entry also says "Softened".
- FY2021-Q3SoftenedAnnual report
「During the cumulative third quarter of the fiscal year under review, Japan’s economy showed signs of recovery, including signs of improvement in some corporate earnings, but uncertainty about the outlook continued due to the impact of COVID-19.」
The wording has changed from the previous quarter’s statement that the end of the pandemic remained unforeseeable and uncertainty about the outlook was increasing to wording that also notes signs of recovery in corporate earnings. Meanwhile, uncertainty about the outlook continues. - FY2021-Q2WorsenedAnnual report
「During the cumulative second quarter of the fiscal year under review, Japan’s economy remained in a difficult situation due to the impact of COVID-19, but signs of recovery emerged, including signs of recovery in some corporate earnings. However, the outlook for the end of the pandemic remained unclear, with a third state of emergency declared in April 2021, and uncertainty about the outlook increased.」
Notes signs of recovery in some corporate earnings, while continuing to indicate the increase in uncertainty about the outlook due to the third state of emergency declared in April 2021 and the unclear prospects for the end of the pandemic. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter of the fiscal year under review, Japan’s economy remained in a difficult situation due to the impact of COVID-19. Although some domestic economic activity showed signs of recovery, uncertainty about the outlook increased as infections showed signs of resurging.」
States that difficult economic conditions continued due to the impact of COVID-19 and that uncertainty about the outlook increased as infections resurged. - FY2020WorsenedAnnual report
「During the fiscal year under review, Japan’s economy entered an extremely difficult situation due to the impact of COVID-19. Although some economic activity in Japan showed signs of recovery after the lifting of the state of emergency, the outlook remained uncertain.」
States that, in addition to the previous sense of uncertainty about the outlook caused by US-China trade friction and other factors, the economy entered an extremely difficult situation due to COVID-19. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year under review, Japan’s economy continued to recover moderately, supported by solid corporate earnings and improving employment and income conditions. However, concerns about stagnation in economic activity have emerged due to the spread of COVID-19 and other factors, and signs of an economic slowdown have intensified.」
As in the previous period, describes the moderate recovery trend in the domestic economy, concerns about stagnation in economic activity due to the spread of COVID-19, and intensifying signs of an economic slowdown. - FY2020-Q2WorsenedAnnual report
「During the cumulative second quarter of the fiscal year under review, Japan’s economy continued to recover moderately, supported by solid corporate earnings and improving employment and income conditions. However, concerns about stagnation in economic activity have emerged due to the spread of COVID-19 and other factors, and signs of an economic slowdown have intensified.」
Explicitly notes, in addition to the previous sense of uncertainty about the outlook caused by US-China trade friction and other factors, concerns about stagnation in economic activity due to the spread of COVID-19 and intensifying signs of an economic slowdown. - FY2020-Q1RestatedAnnual report
「During the first three months of the current fiscal year, the Japanese economy recovered moderately on the back of solid corporate earnings and improvements in employment and income conditions. However, the outlook remained uncertain as concerns about a global economic slowdown stemming from US-China trade tensions increased.」
Continues to describe the moderate recovery in the domestic economy and growing concerns about a global economic slowdown due to US-China trade friction. - FY2019RestatedAnnual report
「During the fiscal year under review, Japan’s economy continued to recover moderately, supported by solid corporate earnings and improving employment and income conditions. However, the outlook remained uncertain amid growing concerns about a global economic slowdown due to US-China trade friction.」
Notes both the moderate recovery in the domestic economy and growing concerns about a global economic slowdown due to US-China trade friction. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year under review, Japan’s economy continued to recover moderately, supported by solid corporate earnings and improving employment and income conditions. However, the outlook remained uncertain amid growing concerns about a global economic slowdown due to US-China trade friction.」
Notes both the moderate recovery in the domestic economy and growing concerns about a global economic slowdown due to US-China trade friction, continuing the description of economic risks from the previous quarter. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year under review, Japan’s economy continued to recover moderately, supported by solid corporate earnings and improving employment and income conditions. However, the outlook remained uncertain amid growing concerns about a global economic slowdown due to US-China trade friction.」
Notes both the moderate recovery in the domestic economy and growing concerns about a global economic slowdown due to US-China trade friction, continuing the description of the economic environment from the previous quarter. - FY2019-Q1WorsenedAnnual report
「During the first three months of the current fiscal year, the Japanese economy recovered moderately on the back of solid corporate earnings and improvements in employment and income conditions. However, the outlook remained uncertain as concerns about a global economic slowdown stemming from US-China trade tensions increased.」
While describing the domestic economy as being on a recovery track, the report identifies growing concerns about a global economic slowdown resulting from US-China trade tensions as a new downside factor. - FY2018RestatedAnnual report
「During the fiscal year, the Japanese economy remained on a moderate recovery track. The recovery in corporate earnings and capital investment continued against the backdrop of the government's economic and monetary policies, while personal consumption showed signs of recovery reflecting improvements in employment and income conditions.」
The domestic economy is described as being on a recovery track, as in the previous quarter. - FY2018-Q3RestatedAnnual report
「During the first nine months of the current fiscal year, the Japanese economy remained on a moderate recovery track. The recovery in corporate earnings and capital investment continued against the backdrop of the government's economic and monetary policies, while personal consumption showed signs of recovery reflecting improvements in employment and income conditions.」
Continues to describe a recovery in corporate earnings, capital investment, employment and income conditions, and personal consumption. - FY2018-Q1RestatedAnnual report
「During the first three months of the current fiscal year, the Japanese economy remained on a moderate recovery track. The recovery in corporate earnings and capital investment continued against the backdrop of the government's economic and monetary policies, while personal consumption showed signs of recovery reflecting improvements in employment and income conditions.」
As in the previous quarter, the report describes a recovery in corporate earnings, capital investment, employment and income conditions, and personal consumption, with no indication that the previously cited downside risks to the economy have intensified. - FY2017-Q3SoftenedAnnual report
「During the first nine months of the current fiscal year, the Japanese economy remained on a moderate recovery track. Corporate earnings and capital investment showed signs of improvement against the backdrop of economic and monetary policies implemented by the government and the Bank of Japan, while consumption showed signs of recovery reflecting improvements in the employment environment.」
Rather than the downside risks from slower growth in China and emerging Asian economies described previously, the report describes the recovery in corporate earnings, capital investment and consumption, indicating that the risk language regarding the economic environment has eased. - FY2017-Q2RestatedAnnual report
「On the other hand, the outlook remains uncertain due to risks of downward pressure on the domestic economy stemming from concerns about slower economic growth in China and emerging Asian economies, as well as US policy developments.」
Continues to identify slower growth in China and emerging Asian economies and US policy developments as downside risks to the domestic economy while describing the economy as being on a moderate recovery track. - FY2017-Q1RestatedAnnual report
「On the other hand, the outlook remains uncertain due to risks of downward pressure on the domestic economy stemming from concerns about slower economic growth in China and emerging Asian economies, as well as US policy developments.」
While describing the economy as being on a moderate recovery track, the report identifies slower growth in China and emerging Asian economies and US policy developments as downside risks to the domestic economy. - FY2016RestatedAnnual report
「The Japanese economy during the fiscal year showed signs of a moderate recovery against the backdrop of the government's economic policies and other measures. However, concerns about downside risks to overseas economies stemming from the appreciation of the yen and slowing growth in China led to restraint in corporate production and a tendency toward slower personal consumption, leaving the outlook uncertain.」
The report describes the uncertain economic outlook as a risk stemming from yen appreciation, slowing growth in China and slower personal consumption. - FY2016-Q3First statedAnnual report
「Against this backdrop, more local governments than ever have been placing a strong emphasis on increasing the number of nursery schools to eliminate waiting lists for childcare.」
The report describes falling share prices, unstable movements in the yen exchange rate, a stalled recovery in personal consumption and an uncertain outlook as factors in the economic environment.