Sluggish Exports and Consumer Spending Weigh on the Domestic Economy
First written in FY2017-Q1. 6 of 21 entries say "Restated". Latest entry: FY2026-H1.
Shindengen Electric Manufacturing moved to the "Worse" side of this theme in 2025, 6 years after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 131 of 176 companies on the "Worse" side.
19 other companies' latest entry also says "Reframed".
- FY2026-H1ReframedAnnual report
「During the interim consolidated fiscal period under review, the environment surrounding the Group improved in terms of domestic employment and income conditions, while consumers remained cautious in their purchasing activity due to rising prices.」
The domestic economy is described as showing improved employment and income conditions while consumer purchasing remained cautious because of rising prices. - FY2025-H1MitigatedAnnual report
「Personal consumption turned upward as inbound demand expanded and employment and income conditions improved, and the domestic economy was recovering gradually.」
The domestic economy is described as recovering gradually, supported by improving personal consumption and employment and income conditions. - FY2022-Q1MitigatedAnnual report
「Although the COVID-19 pandemic continued and the situation remained unpredictable, the manufacturing sector remained firm, with exports increasing against the backdrop of economic recovery overseas, particularly in China.」
Although the pandemic continued, the business environment, including manufacturing, improved from the stagnation and deterioration of the previous fiscal year as exports increased against the backdrop of an overseas recovery. - FY2021WorsenedAnnual report
「During the current consolidated fiscal year, economic activity was restricted by the prolonged impact of COVID-19, resulting in negative growth not seen since the 2009 Lehman shock.」
The domestic economy deteriorated from the limited recovery described through the previous quarter to restricted economic activity and negative growth not seen since the Lehman shock. - FY2021-Q3ReframedAnnual report
「During the cumulative third-quarter period under review, economic activity gradually resumed following the lifting of the state of emergency and the economy showed signs of recovery. However, the impact of COVID-19 was prolonged and the outlook remained uncertain.」
The domestic economy is described as recovering as activity resumed, while the prolonged impact of COVID-19 and uncertainty about the outlook are also noted. - FY2021-Q2MitigatedAnnual report
「During the cumulative second-quarter period under review, the economy gradually began to recover as economic activity resumed following the lifting of the state of emergency. However, strong vigilance remained over a renewed spread of COVID-19, and the situation remained unpredictable.」
The domestic economy shifted from stagnation in the previous quarter toward a recovery as economic activity resumed, although concerns about a renewed spread of COVID-19 remained. - FY2021-Q1WorsenedAnnual report
「During the cumulative first-quarter period under review, the Japanese economy slowed as the impact of COVID-19 expanded and corporate activity was restricted by calls for people to refrain from going out, resulting in economic stagnation and worsening employment conditions.」
The deterioration of the domestic economy became more specific, with restrictions on corporate activity caused by COVID-19 leading to economic stagnation, worsening employment conditions and an economic slowdown. - FY2020RestatedAnnual report
「During the current consolidated fiscal year, exports and production remained weak, and business sentiment deteriorated, particularly in the manufacturing sector.」
Weak exports and production and deteriorating business sentiment, particularly in manufacturing, continue to be described. - FY2020-Q3RestatedAnnual report
「During the cumulative third-quarter period under review, exports and production remained weak, and the manufacturing sector continued to languish.」
The domestic economic environment continues to be characterized by weak exports and production and a prolonged downturn in manufacturing. - FY2020-Q2WorsenedAnnual report
「Exports and production remained weak, and business sentiment deteriorated, particularly in the manufacturing sector.」
The description has shifted from weakness in exports and production in the previous quarter to deterioration in business sentiment, particularly in manufacturing. - FY2020-Q1WorsenedAnnual report
「During the cumulative first-quarter period under review, employment conditions in the Japanese economy remained firm, although weakness was seen in exports and production.」
The description has shifted from a recovery phase in the previous fiscal year to one noting firm employment conditions but weakness in exports and production. - FY2019RestatedAnnual report
「During the current consolidated fiscal year, the Japanese economy remained in a recovery phase, with employment conditions and other factors remaining firm despite concerns about the outlook.」
The view that the domestic economy remained in a recovery phase, despite concerns about the outlook, has been maintained. - FY2019-Q3ReframedAnnual report
「During the cumulative third-quarter period under review, the Japanese economy remained in a recovery phase, with employment conditions and other factors remaining firm despite concerns about the outlook.」
The domestic economy is described as remaining in a recovery phase, with concerns about the outlook continuing to be stated. - FY2019-Q2ReframedAnnual report
「During the cumulative second-quarter period under review, the Japanese economy continued to recover gradually, with employment conditions and other factors remaining firm despite concerns about the outlook.」
The description continues to indicate a gradual recovery, while explicitly adding concerns about the outlook. - FY2019-Q1RestatedAnnual report
「During the cumulative first-quarter period under review, the Japanese economy maintained its recovery trend, with corporate earnings and capital investment demand remaining firm despite concerns such as rising raw material prices.」
The view that corporate earnings and capital investment demand remain firm and that the domestic economy continues to recover has been maintained. Concerns about rising raw material prices are recorded in a separate thread. - FY2018-Q3RestatedAnnual report
「During the cumulative third-quarter period under review, the Japanese economy continued to recover gradually, supported by improving corporate earnings and employment and income conditions, while personal consumption also remained firm.」
The domestic economy is described as continuing its gradual recovery, supported by corporate earnings, employment and income conditions, and personal consumption. - FY2018-Q2RestatedAnnual report
「During the cumulative second-quarter period under review, the Japanese economy continued to recover gradually, supported by robust corporate earnings and favorable employment and income conditions.」
The domestic economy is again described as recovering gradually, supported by improving employment and income conditions. - FY2018-Q1MitigatedAnnual report
「During the cumulative first-quarter period under review, the Japanese economy underwent a gradual recovery, led by exports and supported by improvements in corporate earnings and employment conditions.」
The domestic economy is described as having improved from the previous fiscal year's stagnation and turning point to a gradual recovery supported by exports, corporate earnings and employment conditions. - FY2017-Q3MitigatedAnnual report
「During the cumulative third-quarter period under review, the Japanese economy entered a trend toward a gradual recovery, although the pace remained modest, as employment and income conditions continued to improve.」
The description of the domestic economy has shifted from a turning point in the previous quarter to a gradual recovery trend accompanied by improving employment and income conditions. - FY2017-Q2SoftenedAnnual report
「During the cumulative second-quarter period under review, the Japanese economy continued to remain at a turning point, although there were signs of a partial recovery.」
The description changed from increasingly stagnant conditions and a lack of momentum in the previous quarter to a pause in the recovery, while acknowledging some signs of improvement. - FY2017-Q1First statedAnnual report
「The Japanese economy became increasingly stagnant, with exports and personal consumption remaining sluggish, and continued to be at a standstill.」
Stagnation in the domestic economy is identified as an external business-environment factor.