Economic Stagnation Caused by Consumption Tax Increases and the Spread of COVID-19
First written in FY2020-Q3. 6 of 14 entries say "Restated". Latest entry: 2026-08-12.
Hope moved to the "Worse" side of this theme in 2023.
1 other company's latest entry also says "Restated".
- 2026-08-12RestatedEarnings
「中東情勢を背景とした原油価格の上昇が、エネルギーコストや輸入物価を通じて企業収益や家計の実質所得に下押し圧力をもたらしており、わが国経済の先行きには依然として不確実性が残っております。」
中東情勢、原油価格、為替及びサプライチェーンを含む経済環境上の不確実性を継続して記載した。 - FY2026-H1ReframedAnnual report
「Meanwhile, overseas economies are slowing under the impact of trade policies in various countries, putting downward pressure on the earnings of Japanese companies. As a result, uncertainty in the global economy, continued inflation, and volatility in financial and capital markets continue to make the outlook uncertain.」
The company has shifted its classification of risk factors from an economic environment centered on COVID-19 to uncertainty including the trade policies of various countries, a slowdown in overseas economies, continued inflation, and volatility in financial and capital markets. - FY2025-H1ReframedAnnual report
「Meanwhile, uncertainty surrounding the outlook for the global economy remains high, and fluctuations in foreign exchange rates could have a significant impact on the economic outlook through their effects on import prices and domestic prices. In addition, continued close attention will be required to the impact of substantial fluctuations in import prices caused by supply-side factors, including the emergence of geopolitical risks involving Ukraine, the Middle East and other regions.」
In addition to the previously identified situation in Ukraine, yen depreciation, and higher energy and raw material prices, the company identifies the pass-through of exchange-rate fluctuations to import and domestic prices and geopolitical risks, including those in the Middle East, as sources of uncertainty in its business environment. - FY2024-Q2ReframedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, economic activity moved toward normalization as restrictions related to COVID-19 were eased. However, inflation caused by higher energy and raw material prices amid the prolonged situation in Ukraine and continued yen depreciation persisted, and the outlook remained uncertain.」
While describing the normalization of economic activity following the easing of restrictions, the company identifies the prolonged situation in Ukraine, yen depreciation, surging energy and raw material prices, and continued inflation as factors contributing to an uncertain outlook. - FY2024-Q1ReframedAnnual report
「During the first 2 quarters of the current consolidated fiscal year, restrictions on activity related to COVID-19 were eased and economic activity was moving toward normalization. However, prices of energy, raw materials and various other goods rose as the yen weakened due to the prolonged situation in Ukraine and monetary tightening by central banks in various countries, and the outlook remained uncertain.」
While describing the normalization of economic activity following the easing of restrictions, the company identifies the prolonged situation in Ukraine, monetary tightening by central banks in various countries, yen depreciation, and rising prices including those of energy and raw materials as new sources of uncertainty. - FY2023-Q4ReframedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, restrictions on activity related to COVID-19 were eased and economic activity was moving toward normalization. However, the outlook remained uncertain due to factors including worldwide inflation and reduced predictability regarding the monetary policy of Japan's central bank.」
While describing the normalization of economic activity following the easing of restrictions, the company identifies worldwide inflation and reduced predictability regarding monetary policy, in addition to the previous impact of the pandemic, as sources of uncertainty. - FY2022-Q4ReframedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, Japan's economic outlook remained uncertain due to the continuing effects of COVID-19 and Russia's invasion of Ukraine.」
In addition to the economic stagnation caused by COVID-19, the company has added Russia's invasion of Ukraine as a new source of uncertainty in its description of the business environment. - FY2022RestatedAnnual report
「There are concerns that Japan's economy will remain uncertain going forward because of the impact of stagnation in social and economic activity caused by the spread of COVID-19.」
The company continues to identify stagnation in economic activity caused by COVID-19 and uncertainty about the outlook as risks in its business environment. - FY2022-Q2RestatedAnnual report
「Meanwhile, with the rapid spread of the Omicron variant, the outlook remains uncertain.」
The company continues to identify the impact of COVID-19 on economic activity and uncertainty about the outlook as risks in its business environment. - FY2022-Q1RestatedAnnual report
「During the first 3 quarters of the current fiscal year, economic activity in Japan and overseas was significantly restricted by the impact of the fifth wave of COVID-19. Although the number of infections has recently declined as measures such as the wider availability of vaccinations have progressed, preparing for a possible sixth wave remains an urgent priority, and the economic outlook continues to be uncertain.」
The company continues to identify restrictions on economic activity and uncertainty about the economic outlook caused by COVID-19 as business-environment risks. It specifically describes the impact of the fifth wave and preparations for a sixth wave. - FY2021-Q2RestatedAnnual report
「During the first 2 quarters of the current consolidated fiscal year, economic activity in Japan and overseas was significantly restricted by the spread of COVID-19, and the economic outlook remained uncertain.」
The company continues to describe restrictions on economic activity in Japan and overseas caused by the spread of COVID-19 and uncertainty about the economic outlook. - FY2021-Q1RestatedAnnual report
「During the first 3 quarters of the current fiscal year, economic activity in Japan and overseas was significantly restricted by the spread of COVID-19, and the economic outlook remained uncertain.」
The company continues to identify restrictions on economic activity in Japan and overseas and uncertainty about the outlook caused by the spread of COVID-19 as risks in its business environment. - FY2020MaterialisedAnnual report
「During the fiscal year, Japan's economy continued to deteriorate rapidly as the spread of COVID-19 caused social and economic activity to stagnate.」
The company states that the stagnation of social and economic activity caused by the spread of COVID-19 materialized as an actual economic condition. It states that the impact on performance for the fiscal year was immaterial and that no impediment to business continuity is expected. - FY2020-Q3First statedAnnual report
「During the first 3 quarters of the current fiscal year, Japan's economy remained on a downward trend as personal consumption declined following the consumption tax increase and inbound demand fell due to the spread of COVID-19. Overseas economies likewise remained uncertain amid concerns about stagnation in economic activity worldwide caused by the spread of COVID-19.」
The company identifies the decline in personal consumption caused by the consumption tax increase, the decline in inbound demand caused by the spread of COVID-19, and concerns about a worldwide slowdown in economic activity as new external risks in its business environment.