Uncertainty Surrounding Domestic Consumption and the Global Economy
First written in FY2018-Q3. 5 of 13 entries say "Restated". Latest entry: FY2026.
QB Net Holdings 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.
66 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「During the fiscal year, consumer activity continued to recover moderately against a backdrop of improvements in employment and income conditions. However, the outlook remained uncertain due to the continued surge in raw material prices, rising labor costs resulting from the severe labor shortage, and increased risks to crude oil procurement depending on developments in the situation involving Iran.」
While recognizing the recovery in consumer activity, the disclosure explicitly identifies raw material prices, labor costs and crude oil procurement risks, in addition to the previously cited labor shortages and rising prices, as factors contributing to an uncertain outlook. - FY2026-H1RestatedAnnual report
「During the six-month period ended 31 December 2025, improvements in employment and income conditions continued, while inbound demand expanded and personal consumption also showed signs of recovery toward the end of the year. Meanwhile, the outlook remained uncertain due to the continued surge in raw material prices, the increased burden of energy costs, and rising labor costs resulting from the severe labor shortage.」
While recognizing the recovery in employment and income conditions and personal consumption, the disclosure continues to cite uncertainty about the outlook due to raw material prices, energy costs, labor shortages and rising labor costs. - FY2025Consumer Recovery, but Uncertainty Persists Due to Labor Shortages and InflationAnnual report
「During the fiscal year, consumer activity continued to recover moderately against a backdrop of improvements in employment and income conditions. However, the outlook remained uncertain due to labor shortages, particularly in the non-manufacturing sector, and the impact of continued price increases on personal consumption.」
Although consumption recovered moderately against a backdrop of improvements in employment and income conditions, labor shortages in the non-manufacturing sector and rising prices are also cited as factors contributing to an uncertain outlook. - FY2024-Q3Consumer Recovery, but Labor Shortages Create UncertaintyAnnual report
「Amid tight labor supply and demand across the non-manufacturing sector accompanying the recovery in consumer activity, recruitment of stylists has remained solid, but some stores still need to set regular closing days.」
The disclosure stated that, although consumer activity had recovered, labor shortages in the non-manufacturing sector accompanying the rapid recovery were creating uncertainty about the outlook for economic activity. - FY2023ReframedAnnual report
「Higher expenses due to increases in labor costs and rents resulting from changes in the economic environment」
In addition to previous disclosures centered on uncertainty in the domestic and global economies, the issue is presented as a cost-related risk involving higher labor costs and rents due to changes in the economic environment. - FY2021RestatedAnnual report
「At present, as the impact of COVID-19 has been prolonged, public health measures by government authorities in various countries remain in place, and the decline in customer visits due to teleworking, requests to refrain from going out and other factors continues.」
The prolonged COVID-19 pandemic, public health measures, and the decline in customer visits due to teleworking and requests to refrain from going out continue. - FY2021-Q1WorsenedAnnual report
「The spread of the novel coronavirus has yet to show signs of subsiding, causing economic activity to stagnate and consumer sentiment to decline.」
Uncertainty in domestic consumption and the economy is described more directly in terms of stagnating economic activity and declining consumer sentiment. - FY2019ReframedAnnual report
「Because our Group's operations are primarily based in Japan, its business, results of operations and financial condition may be affected by fluctuations in the Japanese economy and the impact of the government's economic policies. In particular, increases in labor costs, rents, utilities and other operating costs in Japan may affect the Group's business, results of operations and other matters.」
The focus has shifted from previous disclosures centered on global economic and geopolitical risks to domestic economic risks, particularly the domestic economy and increases in labor costs, rents, utilities and other operating costs. - FY2019-Q1RestatedAnnual report
「Meanwhile, the global economy continued to face an uncertain outlook due to the spread of protectionist sentiment in various countries and heightened geopolitical risks related to conditions in the Middle East and on the Korean Peninsula.」
Continued uncertainty in the global economy, including the spread of protectionism and geopolitical risks, is reported. - FY2018RestatedAnnual report
「During the fiscal year, the Japanese economy remained on a moderate recovery trend, supported by solid corporate earnings and other factors. Meanwhile, the global economy continued to face an uncertain outlook due to substantial policy changes by the new US administration and heightened geopolitical risks related to conditions in the Middle East and on the Korean Peninsula.」
While the domestic economy is described as recovering moderately, continued uncertainty in the global economy, including US policy changes and geopolitical risks, is also reported. - FY2018-Q3First statedAnnual report
「Meanwhile, although the global economy as a whole is recovering moderately, uncertainty continues regarding the outlook for emerging Asian economies, including China, and future developments in global trade policy.」
The outlook for emerging Asian economies and other regions, as well as developments in global trade policy, are described as uncertain.