Declining consumer sentiment due to the stalled economic recovery
First written in FY2017-Q2. 4 of 11 entries say "Restated". Latest entry: FY2024-Q1.
Eagle Industry moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 131 of 176 companies on the "Worse" side.
8 other companies' latest entry also says "Mitigated".
- FY2024-Q1MitigatedAnnual report
「Meanwhile, the domestic economy entered a recovery trend, driven by an expansion in services consumption and inbound demand.」
In contrast to the previous descriptions of sluggish consumption and a delayed economic recovery, a domestic recovery trend driven by services consumption and inbound demand has been noted, indicating that the risks have weakened. - FY2022-Q1RestatedAnnual report
「In Japan, the economic recovery has been delayed by the effects of measures to prevent the spread of infection and other factors, although exports to the US and China have remained firm.」
While the delayed recovery of the Japanese economy continues to be noted, exports to the US and China are considered firm, with no substantive change in the assessment of a faltering economic recovery. - FY2020WorsenedAnnual report
「The Japanese economy was relatively stable in the first half, but after the start of the second half, economic conditions slowed markedly due to the consumption tax rate increase and US-China trade friction, among other factors.」
The consumption tax rate increase and US-China trade friction are said to have caused a marked slowdown in economic conditions, heightening concerns about stagnant consumption and a faltering economic recovery. - FY2020-Q3WorsenedAnnual report
「Meanwhile, the Japanese economy was relatively stable in the first half, but after the start of the second half, business sentiment deteriorated markedly due to the consumption tax rate increase and weak performance in export-related manufacturing caused by US-China trade friction.」
The increase in the consumption tax rate and weak performance in export-related manufacturing are said to have caused a marked deterioration in business sentiment, heightening concerns about stagnant consumption and a faltering economic recovery. - FY2019-Q3WorsenedAnnual report
「The Japanese economy had maintained relatively solid economic conditions, but in addition to the prolonged weakness in personal consumption」
The wording on personal consumption has become stronger, changing from "growth remains weak" to "prolonged weakness," indicating heightened concern about a faltering economic recovery. - FY2019-Q2RestatedAnnual report
「Although consumption in Japan remains sluggish, corporate earnings are largely stable and the economy as a whole is performing solidly.」
While consumption remains sluggish, corporate earnings and the economy as a whole are considered solid, with concerns about stagnant consumption coexisting with positive developments. - FY2018-Q3RestatedAnnual report
「In Japan, corporate earnings improved under relatively stable foreign-exchange conditions. Although growth in personal consumption remained weak, business sentiment is gradually recovering.」
Although personal consumption remains weak, improvements have been reported in corporate earnings and business sentiment, with concerns about a faltering economic recovery coexisting with signs of recovery. - FY2018-Q2MitigatedAnnual report
「Meanwhile, domestic demand in Japan remained sluggish, but accommodative monetary and fiscal policies improved corporate earnings in the export and construction sectors. Domestic capital investment also increased, albeit gradually, and the employment environment improved, with signs of recovery in the real economy beginning to emerge.」
Although domestic demand remains sluggish, improvements have been seen in corporate earnings, domestic capital investment and the employment environment, softening concerns about a faltering economic recovery and weaker consumer sentiment. - FY2018-Q1RestatedAnnual report
「Meanwhile, although signs of earnings recovery have emerged in some sectors, including export-related industries, the Japanese economy remained generally weak in demand, with conditions still uneven.」
Although some sectors show signs of recovery, demand remains weak across the Japanese economy as a whole, continuing to indicate an uneven economic recovery. - FY2017MitigatedAnnual report
「In Japan, personal consumption is expected to recover gradually, while economic policies such as public investment and capital investment are expected to remain firm.」
The language has shifted to indicate that personal consumption and capital investment are expected to recover or remain firm, while the wording on the risks of weaker consumer sentiment and stalled economic recovery has softened. - FY2017-Q2First statedAnnual report
「Growth slowed due in part to declining consumer sentiment caused by the sluggish economic recovery, and business sentiment remained mixed.」
Separate from the stronger yen, the stagnation of the economic recovery and declining consumer sentiment were identified as new risks contributing to slower growth in the Japanese economy.