Capital investment trends in key customer industries
First written in FY2016. 11 of 38 entries say "Mitigated", first in FY2018-Q1. Latest entry: 2026-07-31.
The whole theme swung hardest in 2019: 13 of 25 companies on the "Worse" side.
13 other companies' latest entry also says "Mitigated".
- FY2026Downside factors related to US trade policy and the situation in the Middle East addedAnnual report
「Private-sector capital investment remained resilient, but uncertainty about the outlook persisted as continued price increases and other factors affecting private consumption posed downside risks to the economy, while developments surrounding U.S. trade policy and, toward the end of the fiscal year, escalating tensions in the Middle East and soaring energy prices also weighed on the outlook.」
Alongside resilient private-sector capital investment, it cites continued price increases, U.S. trade policy, escalating tensions in the Middle East, and soaring energy prices as downside factors. - FY2026-H1Added downside risk from U.S. trade policyAnnual report
「Private-sector capital investment remained resilient, but uncertainty about the outlook persists amid downside risks to the economy, including the impact of continued price increases on private consumption through weaker consumer sentiment and other factors, as well as the impact of U.S. trade policy.」
It describes resilient private-sector capital investment while also citing continued price increases and the downside risk to the economy from U.S. trade policy. - FY2025Resilient capital investment alongside geopolitical and inflation risksAnnual report
「Private-sector capital investment remained resilient against a backdrop of improving corporate earnings, and the economy continued on a gradual recovery track. Meanwhile, uncertainty about the outlook persisted amid heightened geopolitical risks, including the prolonged conflicts in Ukraine and the Middle East, rising prices as the yen continued to depreciate, soaring energy and raw material costs, and developments in U.S. policy.」
It describes resilient private-sector capital investment while also citing the conflicts in Ukraine and the Middle East, yen depreciation, rising prices, and soaring energy and raw material costs. - FY2025-H1Resilient capital investment alongside geopolitical and inflation risksAnnual report
「Private-sector capital investment remained resilient against a backdrop of improving corporate earnings, and the economy continued on a gradual recovery track. Meanwhile, uncertainty about the outlook persisted amid heightened geopolitical risks, including the prolonged conflicts in Ukraine and the Middle East, rising prices as the yen continued to depreciate, and soaring energy and raw material costs.」
While describing resilient private-sector capital investment, it also cites the prolonged conflicts in Ukraine and the Middle East, yen depreciation, rising prices, and soaring energy and raw material costs as downside factors. - FY2024Economic recovery and downside factors noted togetherAnnual report
「As economic and social activity moved toward normalization and employment and income conditions improved, personal consumption and private-sector capital investment showed signs of recovery, and the economy remained on a moderate recovery trend despite some signs of stalling. Meanwhile, uncertainty over the outlook continued due to heightened geopolitical risks, rising prices against the backdrop of yen depreciation, and soaring resource and raw-material prices.」
While noting a recovery in private-sector capital investment, it also cites geopolitical risks, yen depreciation, rising prices, and surging resource and raw material costs. - FY2024-Q3Economic recovery and downside risks noted togetherAnnual report
「As economic and social activity moved toward normalization and employment and income conditions improved, personal consumption and private-sector capital investment showed signs of recovery, and the economy remained on a moderate recovery trend despite some signs of stalling. However, attention was required due to the risk of downward pressure on the domestic economy from a downturn in overseas economies amid continued global monetary tightening, heightened geopolitical risks, soaring resource and raw-material prices, and rising prices caused by yen depreciation.」
While noting the recovery in private-sector capital investment, the disclosure also identifies a downturn in overseas economies, geopolitical risks, soaring resource and raw-material prices, and rising prices caused by yen depreciation as downside factors. - FY2024-Q2Higher prices due to yen depreciation addedAnnual report
「As economic and social activity moved toward normalization and employment and income conditions improved, personal consumption and private-sector capital investment continued to recover, and the economy remained on a moderate recovery trend. However, attention was required due to the risk of downward pressure on the domestic economy from a downturn in overseas economies amid continued global monetary tightening, persistently high resource and raw-material prices, and rising prices caused by yen depreciation.」
While the recovery in personal consumption and private-sector capital investment continued, a downturn in overseas economies, persistently high resource and raw-material prices, and rising prices caused by yen depreciation are described as downside factors related to capital investment in customer industries. - FY2024-Q2Higher prices due to yen depreciation addedAnnual report
「As economic and social activity moved toward normalization and employment and income conditions improved, personal consumption and private-sector capital investment continued to recover, and the economy remained on a moderate recovery trend. However, attention was required due to the risk of downward pressure on the domestic economy from a downturn in overseas economies amid continued global monetary tightening, persistently high resource and raw-material prices, and rising prices caused by yen depreciation.」
The disclosure describes the normalization of economic and social activity and the recovery in private-sector capital investment, while identifying a downturn in overseas economies, persistently high resource and raw-material prices, and rising prices caused by yen depreciation as downside risks. - FY2024-Q1Continued economic recovery, with downside risks from overseas economies and higher raw-material pricesAnnual report
「As economic and social activity moved toward normalization, personal consumption and private-sector capital investment continued to recover, and employment and income conditions improved. The economy remained on a moderate recovery trend, supported by the effects of various policies. However, with global monetary tightening and other factors continuing, attention was required due to the risk of downward pressure on the domestic economy from a downturn in overseas economies, persistently high raw-material prices and rising prices.」
While noting the recovery in personal consumption and private-sector capital investment, the disclosure identifies a downturn in overseas economies, monetary tightening, persistently high raw-material prices and rising prices as downside factors for the domestic economy and capital investment. - FY2023-Q3Economic and social activity normalizing, alongside downside risks to overseas economiesAnnual report
「During the 9-month period of the current fiscal year, the Japanese economy remained uncertain. Although the impact of the spread of COVID-19 continued, personal consumption and private-sector capital investment showed signs of recovery as economic and social activity moved toward normalization. Meanwhile, the prolonged situation in Ukraine, the impact of yen depreciation, higher resource and raw-material prices and the resulting price increases, and a downturn in overseas economies caused weakness in some areas, including exports.」
The disclosure recognizes the normalization of economic and social activity and the recovery in personal consumption and private-sector capital investment, while also noting the situation in Ukraine, yen depreciation, higher resource and raw-material prices, and weakness in exports and elsewhere due to a downturn in overseas economies. - FY2023-Q2Infections resurging, but economic and social activity moving toward normalizationAnnual report
「Although COVID-19 infections resurged sharply, personal consumption and private-sector capital investment showed signs of recovery as economic and social activity moved toward normalization. However, economic conditions remained uncertain due to the prolonged situation in Ukraine, rapid yen depreciation, higher resource and raw-material prices, supply constraints and the resulting price increases.」
The disclosure states that personal consumption and private-sector capital investment showed signs of recovery, while the outlook remained uncertain due to a resurgence of infections, the situation in Ukraine, yen depreciation, higher resource and raw-material prices, and supply constraints. - FY2023-Q1Capital investment recovering, but uncertainty due to yen depreciation and higher resource pricesAnnual report
「As the severe conditions caused by COVID-19 eased and economic and social activity moved toward normalization, personal consumption and private-sector capital investment showed signs of recovery. However, economic conditions remained uncertain due to concerns over the prolonged situation in Ukraine, rapid yen depreciation, higher resource and raw-material prices, supply constraints and the resulting price increases, as well as a sharp resurgence in COVID-19 cases following the emergence of new variants from July onward.」
The disclosure states that private-sector capital investment showed signs of recovery, while uncertainty over the outlook continued due to the situation in Ukraine, yen depreciation, higher resource and raw-material prices, and supply constraints. - FY2022Capital investment recovering, but supply shortages and geopolitical risks remainAnnual report
「Private-sector capital investment and production showed signs of recovery. However, economic conditions remained uncertain due to supply-chain disruptions, including semiconductor shortages, a resurgence of infections during the winter caused by the emergence of a new variant, the Omicron variant, which stalled the recovery in personal consumption, and growing geopolitical risks related to the situation in Ukraine and elsewhere.」
Although private-sector capital investment showed signs of recovery, uncertainty over the outlook continued due to semiconductor shortages, a resurgence of infections and the situation in Ukraine and elsewhere. - FY2022-Q3WorsenedAnnual report
「Private-sector capital investment showed signs of stalling in its recovery, while supply-chain disruptions, including semiconductor shortages, also affected conditions.」
The disclosure states that the recovery in private-sector capital investment stalled, and supply-chain disruptions, including semiconductor shortages, are cited as factors affecting the order environment in customer industries. - FY2022-Q2Capital investment recovering, but the outlook remains uncertain due to supply shortages of componentsAnnual report
「Although private-sector capital investment showed signs of recovery, economic conditions remained uncertain as production weakened in part due to shortages of components associated with the spread of infections overseas.」
The disclosure states that private-sector capital investment showed signs of recovery, while shortages of components caused by the spread of infections overseas weakened part of production and uncertainty over the outlook continued. - FY2022-Q1Capital investment recovering, but the outlook remains uncertainAnnual report
「During the 3-month period of the current fiscal year, Japan’s economy remained uncertain. Although corporate production, exports and private-sector capital investment showed signs of recovery, personal consumption remained sluggish as economic activity stagnated globally due to the resurgence and prolongation of COVID-19, including the emergence of variants. This was compounded by the reissuance of states of emergency in some regions, the application of priority preventive measures and delays in vaccinations.」
The disclosure states that production, exports and private-sector capital investment showed signs of recovery, while uncertainty over the outlook continued due to the resurgence of infections and delays in vaccinations. - FY2021WorsenedAnnual report
「In the Plant business, many customers postponed capital investment plans due to the impact of COVID-19, resulting in a decline in orders received.」
The disclosure states that the impact of COVID-19 led to numerous postponements of customers’ capital investment plans, and the risk materialized as a decline in orders received. - FY2021-Q3RestatedAnnual report
「Since November, infections of COVID-19 have resurged, the recovery in personal consumption has stalled, and companies have continued to take a cautious stance toward private-sector capital investment amid uncertainty over the outlook. Economic conditions therefore remained severe.」
The disclosure states that uncertainty over the outlook for private-sector capital investment related to major customer industries continued due to the resurgence of COVID-19 and companies’ cautious stance. - FY2021-Q2RestatedAnnual report
「Although the economy showed signs of recovery as economic activity resumed after the state of emergency was lifted, the recovery in personal consumption remained stalled amid concerns over a resurgence of infections, while private-sector capital investment remained weak as companies continued to take a cautious stance. Economic conditions therefore remained severe.」
While recognizing the recovery after the state of emergency was lifted, the disclosure states that concerns over a resurgence of infections, a stalled recovery in personal consumption and weak private-sector capital investment due to companies’ cautious stance continued. - FY2021-Q1WorsenedAnnual report
「During the 3-month period of the current fiscal year, the Japanese economy remained in an extremely severe condition. Economic activity stagnated globally due to the spread of COVID-19, while Japan declared a state of emergency from April to May. Restrictions and voluntary restraint on social and economic activities caused personal consumption to decline rapidly, corporate earnings and business sentiment to deteriorate, and private-sector capital investment to remain at a low level.」
The spread of COVID-19 and the state of emergency are described as having caused private-sector capital investment to remain low and the capital investment environment in major customer industries to deteriorate. - FY2020WorsenedAnnual report
「The economic impact of the spread of COVID-19 is immeasurable, and a decline in capital investment going forward and the resulting changes in the order environment are expected to be unavoidable.」
Against the backdrop of the spread of COVID-19, declines in customer capital investment and changes in the order environment are expected to be unavoidable. - FY2020-Q3MitigatedAnnual report
「During the 9-month period of the current fiscal year, the Japanese economy continued on a moderate recovery trend as employment and income conditions improved, private-sector capital investment remained firm and personal consumption remained resilient.」
Private-sector capital investment related to major customer industries is described as firm, with the capital investment environment presented as favorable rather than deteriorating. Meanwhile, uncertainty due to a slowdown in the global economy is also noted. - FY2020-Q2MitigatedAnnual report
「The economy continued on a moderate recovery trend as personal consumption recovered and private-sector capital investment remained resilient amid continued improvement in employment and income conditions.」
Private-sector capital investment related to major customer industries is described as remaining resilient. Meanwhile, a slowdown in the global economy due to US-China trade friction and weakness in exports and production is also noted. - FY2020-Q1MitigatedAnnual report
「The economy continued on a moderate recovery trend as personal consumption recovered and private-sector capital investment remained firm amid continued improvement in employment conditions.」
Private-sector capital investment related to major customer industries is described as remaining firm. Meanwhile, uncertainty over the global economy due to US-China trade friction and sluggish growth in exports and production is also noted. - FY2019Some weakness after the recovery in the capital investment environmentAnnual report
「The economy continued on a moderate recovery trend as employment conditions and corporate earnings improved, private-sector capital investment increased and personal consumption also recovered. However, some weakness emerged toward the end of the period, including declines in exports and production, due to higher raw-material prices, a succession of natural disasters in Japan and a slowdown in the global economy associated with US-China trade friction.」
While private-sector capital investment increased, weakness in exports and production toward the end of the period is also noted. - FY2019-Q3MitigatedAnnual report
「The economy continued on a moderate recovery trend as employment conditions and corporate earnings continued to improve, private-sector capital investment increased moderately, and personal consumption also recovered.」
Private-sector capital investment related to major customer industries is described as continuing to increase moderately. Meanwhile, uncertainty over the outlook due to downside risks to the global economy is also noted. - FY2019-Q2MitigatedAnnual report
「The economy continued on a moderate recovery trend as employment conditions and corporate earnings continued to improve, private-sector capital investment increased moderately, and personal consumption also recovered.」
Private-sector capital investment related to major customer industries is described as continuing to increase moderately. Meanwhile, a pause in corporate sentiment due to trade policy, higher raw-material prices and natural disasters is also noted. - FY2019-Q1MitigatedAnnual report
「The economy continued on a moderate recovery trend as employment conditions and corporate earnings continued to improve, private-sector capital investment increased moderately, and personal consumption also recovered.」
Private-sector capital investment related to major customer industries is described as continuing to increase moderately. However, uncertainty over the outlook due to high crude oil prices and trade policy is also noted. - FY2018MitigatedAnnual report
「The economy continued on a moderate recovery trend as exports increased on the recovery of overseas economies, employment conditions and corporate sentiment continued to improve domestically, private-sector capital investment increased moderately, and personal consumption also recovered.」
Private-sector capital investment related to major customer industries is described as having shifted to moderate growth. However, uncertainty due to political instability overseas and other factors remains. - FY2018-Q3MitigatedAnnual report
「The economy continued on a moderate recovery trend as exports increased on the recovery of overseas economies, employment conditions and corporate sentiment continued to improve domestically, private-sector capital investment increased moderately, and personal consumption also recovered.」
Private-sector capital investment related to major customer industries is described as having increased moderately. - FY2018-Q2MitigatedAnnual report
「Uncertainty over the outlook continued amid political instability overseas and heightened geopolitical risks, including the situation on the Korean Peninsula.」
Although geopolitical risks remain, private-sector capital investment continues to show signs of recovery. The capital investment environment in major customer industries is still described as showing positive developments. - FY2018-Q1MitigatedAnnual report
「Although uncertainty over the outlook due to political instability overseas and other factors remained, the economy continued on a moderate recovery trend as exports increased with the recovery of overseas economies, employment and income conditions continued to improve domestically, personal consumption and private-sector capital investment showed signs of recovery, and corporate sentiment improved.」
The business environment for capital investment in major customer industries is described as having improved, with private-sector capital investment showing signs of recovery. Meanwhile, the Company’s revenue declined 9.8% year on year. - FY2017MaterialisedAnnual report
「The Group’s results fell below those of the previous consolidated fiscal year amid intense competition for orders while capital investment in industries related to the Group remained weak, as well as delays in projects that had been expected, a decline in hydrogen-station projects and lost overseas plant orders.」
Weak capital investment in customer-related industries affected full-year results through order competition, project delays, a decline in hydrogen-related projects and lost overseas orders. - FY2017-Q3MaterialisedAnnual report
「The economy remained stagnant, with private-sector capital investment and personal consumption both sluggish amid growing uncertainty over the outlook for overseas economies, including slowing emerging-market economies, the UK’s withdrawal from the EU and volatility in financial and capital markets following the US presidential election.」
Continued weakness in private-sector capital investment related to the order environment in major customer industries is described as an actual business-environment factor. - FY2017-Q2MaterialisedAnnual report
「In addition to a slowdown in the improvement of corporate earnings as the yen appreciated, the economy remained stagnant as private-sector capital investment declined and personal consumption also remained sluggish amid growing uncertainty over the outlook for overseas economies, including slowing emerging-market economies and the UK’s withdrawal from the EU.」
A decline in private-sector capital investment is described as an actual business-environment factor affecting capital investment trends in customer industries. - FY2016First statedAnnual report
「Trends in capital investment by the Group’s major customer industries, including chemicals, oil, gas, shipping and public wastewater treatment, could adversely affect the Group’s operating results and financial position.」
Capital investment by customer industries is described as an external risk affecting orders and operating results.