Earnings volatility due to economic conditions and capital investment trends
First written in FY2017. 11 of 23 entries say "Restated". Latest entry: FY2025.
Yamada moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2020: 68 of 87 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The industries for diaphragm pumps and automotive products, which are the Group's principal products, tend to be significantly affected by economic and capital investment trends in Japan and overseas. In addition, various risk factors arise from the economic conditions of individual countries and regions.」
The risk of earnings fluctuations due to economic and capital investment trends in Japan and overseas and the economic conditions of individual countries and regions continues to be disclosed. - FY2025-H1RestatedAnnual report
「The market environment tends to be significantly affected by economic and capital investment trends in Japan and overseas, and various risk factors arise from the economic conditions of individual countries and regions. Such changes in the economic environment could have a material impact on the Group's operating results.」
The risk of earnings fluctuations due to economic and capital investment trends in Japan and overseas and the economic conditions of individual countries and regions continues to be disclosed. - FY2024RestatedAnnual report
「The industries for diaphragm pumps and automotive products, which are the Group's principal products, tend to be significantly affected by economic and capital investment trends in Japan and overseas. In addition, various risk factors arise from the economic conditions of individual countries and regions.」
The risk that economic and capital investment trends and the economic conditions of individual countries and regions will affect operating results continues to be disclosed. - FY2024-Q3RestatedAnnual report
「The market environment tends to be significantly affected by economic and capital investment trends in Japan and overseas, and various risk factors arise from the economic conditions of individual countries and regions. Such changes in the economic environment could have a material impact on the Group's operating results.」
The risk of earnings fluctuations due to economic and capital investment trends in Japan and overseas and the economic conditions of individual countries and regions continues to be disclosed. - FY2024-Q2RestatedAnnual report
「The market environment tends to be significantly affected by economic and capital investment trends in Japan and overseas, and various risk factors arise from the economic conditions of individual countries and regions. Such changes in the economic environment could have a material impact on the Group's operating results.」
The risk of earnings fluctuations due to economic and capital investment trends in Japan and overseas and the economic conditions of individual countries and regions continues to be disclosed. - FY2024-Q1SoftenedAnnual report
「Meanwhile, in Japan, industrial production has been recovering from the weakness caused by supply constraints and sluggish exports resulting from the slowdown in overseas economies. Private consumption has been recovering, particularly in face-to-face services, while capital investment has remained strong against the backdrop of high corporate earnings. The economy therefore showed signs of a gradual recovery.」
Although production remained weak due to supply constraints and sluggish exports, production, personal consumption and capital investment either recovered or remained strong, and the economy was described as being in a gradual recovery. - FY2023Gradual recovery with some remaining weaknessAnnual report
「Meanwhile, in Japan, industrial production remained weak due to supply constraints and sluggish exports resulting from the slowdown in overseas economies. However, private consumption has been recovering, particularly in face-to-face services, while capital investment has remained firm against the backdrop of high corporate earnings. Although some weakness remained, the economy showed signs of a gradual recovery.」
While production and exports remained weak, a recovery in personal consumption and capital investment was identified, and the economy as a whole entered a gradual recovery. - FY2023-Q3SoftenedAnnual report
「Meanwhile, in Japan, industrial production moved unevenly due to the effects of supply constraints and other factors, but private consumption has been recovering, particularly in face-to-face services, while capital investment has remained firm against the backdrop of high corporate earnings. As a result, the economy has been gradually recovering.」
Although production continues to fluctuate due to supply constraints, a recovery in personal consumption and capital investment was identified, and the wording concerning the economic and capital investment environment improved from the previous quarter. - FY2023-Q2SoftenedAnnual report
「Meanwhile, although industrial production in Japan had been weak because of supply constraints, it had begun to recover, particularly in the automotive industry, following the lifting of lockdowns in China. Personal consumption had also begun to recover, particularly in face-to-face services, following the end of quasi-emergency measures to prevent the spread of disease, and the economy showed signs of a moderate recovery.」
Although production remains weak due to supply constraints, a recovery in production and personal consumption was identified, and the wording concerning risks related to economic and capital investment trends improved from the previous quarter. - FY2023-Q1WorsenedAnnual report
「Meanwhile, industrial production in Japan was weak because of supply constraints caused by the spread of COVID-19 and lockdowns in China. Personal consumption showed signs of recovery, particularly in face-to-face services, following the end of quasi-emergency measures to prevent the spread of disease, and the economy showed signs of recovery.」
Weak industrial production due to supply constraints and China's lockdowns was identified, making the risk of earnings fluctuations due to economic and capital investment trends more concrete. - FY2022-Q3SoftenedAnnual report
「Meanwhile, capital investment in Japan recovered as corporate earnings improved. Exports and industrial production also recovered as supply constraints, including semiconductor shortages, eased. Personal consumption likewise moved onto a recovery trend following the lifting of the state of emergency, and the economy generally moved toward recovery.」
Production, exports, industrial production and personal consumption were generally on a recovery trend, improving the wording from the previous quarter's slowdown in recovery due to parts shortages. - FY2022-Q2Recovery trend slows due to parts shortagesAnnual report
「Meanwhile, in the Japanese economy, capital investment has recovered on the back of improved corporate earnings. Industrial production, which had been showing signs of recovery, has recently stalled, while personal consumption has remained weak due to the impact of people refraining from going out in response to the state of emergency declaration. Exports have also increased against the backdrop of a recovery in the global economy, but the pace of recovery has slowed due to parts shortages and other factors.」
While a recovery in capital investment and an increase in exports were identified, the disclosure also noted stalled industrial production, weak personal consumption, and a slowdown in the pace of export recovery due to parts shortages. - FY2022-Q1SoftenedAnnual report
「Industrial production in Japan was on a recovery trend as domestic and overseas economic activity recovered. Exports continued to show an upward trend and remain in surplus, mainly because of an increase driven by the economic recovery. Capital investment remained sluggish, but signs of a bottoming out emerged, and the economy remained broadly flat.」
A recovery trend in production and exports and a bottoming out of capital investment were identified, improving the wording from the sharp deterioration in the previous fiscal year. However, weak capital investment continues. - FY2021-Q3RestatedAnnual report
「Regarding changes in the economic environment, the industries for diaphragm pumps and automotive products, which are the Group's principal products, tend to be significantly affected by economic and capital investment trends in Japan and overseas. In addition, various risk factors arise from the economic conditions of individual countries and regions. Such changes in the economic environment could have a material impact on the Group's operating results.」
The risk that economic and capital investment trends in Japan and overseas, as well as the economic conditions of individual countries and regions, will affect operating results continues to be disclosed. - FY2021-Q2SoftenedAnnual report
「Meanwhile, industrial production in Japan continued to grow strongly as production systems normalized, particularly in the automotive industry. Domestic and external demand were both beginning to recover, but the pace of recovery remained moderate following the sharp decline, and uncertainty about the outlook continued.」
The normalization of production operations and a recovery in domestic and overseas demand were identified, improving the wording from the previous quarter's sharp production decline and weak domestic and overseas demand. However, the recovery was described as gradual, with the outlook remaining uncertain. - FY2021-Q1WorsenedAnnual report
「Meanwhile, production in Japan fell sharply, particularly in the automotive industry, and weakness continued in both domestic and external demand. Personal consumption also declined because of the impact of requests to refrain from going out. Although the economy was beginning to emerge from its worst phase following the lifting of the state of emergency, the pace of recovery was moderate and uncertainty about the outlook continued.」
Downside risks to consumption, a sharp decline in production, weak domestic and overseas demand, and uncertainty over the pace of recovery in capital investment and the economy were identified. - FY2020WorsenedAnnual report
「Meanwhile, the Japanese economy had been moving within a broadly flat range, but personal consumption fell sharply due to the impact of the consumption tax rate increase and calls for people to refrain from going out because of COVID-19. Capital investment also weakened against the backdrop of deteriorating corporate earnings, and the economy deteriorated rapidly toward the end of the fiscal year.」
Specific examples of the risk of earnings fluctuations due to economic and capital investment trends were identified, including a sharp decline in consumption, weak capital investment, and rapid deterioration in the economic environment toward the end of the fiscal year. - FY2020-Q3RestatedAnnual report
「Market conditions tend to be significantly affected by economic and capital investment trends in Japan and overseas, and various risk factors arise from the economic conditions of individual countries and regions. Changes in this economic environment may have a material impact on the Group's business performance.」
The risk of earnings volatility due to economic conditions, capital investment trends and the economic circumstances of individual countries and regions continues to be described. - FY2020-Q2RestatedAnnual report
「Market conditions tend to be significantly affected by economic and capital investment trends in Japan and overseas, and various risk factors arise from the economic conditions of individual countries and regions. Changes in this economic environment may have a material impact on the Group's business performance.」
The risk of earnings volatility due to economic conditions, capital investment trends and the economic circumstances of individual countries and regions continues to be described. - FY2019-Q3RestatedAnnual report
「Market conditions tend to be significantly affected by economic and capital investment trends in Japan and overseas, and various risk factors arise from the economic conditions of individual countries and regions. Changes in this economic environment may have a material impact on the Group's business performance.」
The risk of earnings volatility due to economic conditions, capital investment trends and the economic circumstances of individual countries and regions continues to be described. - FY2019-Q2RestatedAnnual report
「Market conditions tend to be significantly affected by economic and capital investment trends in Japan and overseas, and various risk factors arise from the economic conditions of individual countries and regions. Changes in this economic environment may have a material impact on the Group's business performance.」
The risk of earnings volatility due to economic conditions, capital investment trends and the economic circumstances of individual countries and regions continues to be described. - FY2019-Q1RestatedAnnual report
「Market conditions tend to be significantly affected by economic and capital investment trends in Japan and overseas, and various risk factors arise from the economic conditions of individual countries and regions. Changes in this economic environment may have a material impact on the Group's business performance.」
The risk of earnings volatility due to economic conditions, capital investment trends and the economic circumstances of individual countries and regions continues to be described. - FY2017First statedAnnual report
「The industries for the Group's main products, diaphragm pumps and Automotive products, tend to be significantly affected by economic and capital investment trends in Japan and overseas, and are also exposed to various risk factors arising from the economic conditions of individual countries and regions. Changes in this economic environment may have a significant impact on the Group's business performance.」
The industries for the main products are affected by economic conditions, capital investment and the economic circumstances of individual countries and regions, creating a risk of earnings volatility.