Stagnant Personal Consumption and Concerns About the Economic Outlook
First written in FY2017-Q1. 3 of 9 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 53 of 68 companies on the "Worse" side.
2 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual report
「During the current consolidated fiscal year, economic activity steadily normalized, but conditions remained uncertain, with concerns over a slowdown in economic activity due to rising geopolitical risks and global monetary tightening, among other factors.」
The filing's business overview and business and other risks do not directly mention the previous stagnation and weakness in personal consumption. - FY2019RestatedAnnual report
「Although Japan was affected by abnormal weather and natural disasters, the gradual recovery continued as corporate earnings and personal consumption recovered.」
The disclosure continues to describe a gradual recovery in the domestic economy driven by a recovery in personal consumption, rather than stagnation and weakness in personal consumption. - FY2018MitigatedAnnual report
「In Japan, the gradual economic recovery continued, with corporate earnings recovering and personal consumption increasing.」
The description changed from stagnation and weakness in personal consumption to an increase in personal consumption and a recovery in the domestic economy. - FY2018-Q2MitigatedAnnual report
「The Japanese economy continued to recover, supported by a stable yen depreciation trend, the Nikkei Stock Average trading around ¥20,000 and the full-scale emergence of Olympics-related construction demand. Personal consumption showed signs of recovery as employment and income conditions improved, with the recovery centred on corporate earnings.」
Unlike the previous stagnation and weakness in personal consumption, the disclosure describes a recovery in personal consumption due to improvements in employment and income conditions, as well as a recovery trend in the domestic economy. - FY2018-Q1SoftenedAnnual report
「Corporate earnings, employment and income conditions improved in Japan, and the economy remained on a path of gradual recovery.」
Unlike the previous description of sluggish personal consumption and lacklustre growth, this quarter's disclosure describes improvements in corporate earnings, employment and income conditions, as well as a recovery trend in the domestic economy. It does not directly mention personal consumption itself. - FY2017RestatedAnnual report
「Meanwhile, although corporate earnings and employment conditions have improved in Japan, personal consumption remains sluggish, exports and capital investment have shown little growth, and the economy continues to lack strength in its growth under Abenomics.」
Personal consumption remains sluggish and growth continues to lack strength. The lack of growth in exports and capital investment was also explicitly noted. - FY2017-Q3WorsenedAnnual report
「Japan’s economy showed improvements in corporate performance and employment conditions against the backdrop of the government’s economic policies and the Bank of Japan’s monetary policy, and was on a gradual recovery trend. However, growth continued to lack momentum due to sluggish personal consumption and stagnant corporate earnings.」
The description of personal consumption has changed from the previous stagnation to sluggishness, while stagnant corporate earnings are also explicitly noted, and growth continues to lack momentum. - FY2017-Q2RestatedAnnual report
「Growth in personal consumption also remained sluggish.」
The stagnation in personal consumption continues to be reported. - FY2017-Q1First statedAnnual report
「Japan’s economy remained on a gradual recovery trend, supported by the government’s economic measures aimed at overcoming deflation and the Bank of Japan’s monetary measures, but remained sluggish, with signs of stagnation in personal consumption.」
The description of the domestic economy notes stagnant personal consumption and concerns over the economic outlook despite the recovery trend.