Negative Trend in Personal Consumption and an Uncertain Outlook
First written in FY2017-Q1. 11 of 29 entries say "Restated". Latest entry: FY2025-H1.
Hks moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 53 of 68 companies on the "Worse" side.
5 other companies' latest entry also says "Reframed".
- FY2025-H1ReframedAnnual report
「During the interim consolidated accounting period, the Japanese economy continued to recover moderately and corporate earnings also showed a trend toward improvement. However, although price increases appeared to be past their peak, prices remained elevated, while personal consumption continued to show sluggish growth, resulting in a highly uncertain environment.」
The recovery in the domestic economy and corporate earnings was noted, while persistently high prices and sluggish personal consumption were emphasized, resulting in a situation where the recovery trend coexisted with uncertainty. - FY2024ReframedAnnual report
「During the consolidated fiscal year, the Japanese economy recovered moderately, although some areas showed weakness. Going forward, the economy is expected to continue its moderate recovery as the positive cycle from income to spending gradually strengthens against the backdrop of continued moderate growth in overseas economies and accommodative monetary policy. However, uncertainty surrounding Japan's economy and prices remains high, including the effects of overseas economic and price trends, resource price trends, and more proactive corporate wage- and price-setting behavior.」
Although the outlook changed to one of continued moderate recovery in the domestic economy, uncertainty related to overseas economies and prices, resource prices, and wage- and price-setting behavior was also noted. - FY2024-Q3RestatedAnnual report
「During the third quarter cumulative consolidated period, the Japanese economy recovered moderately, supported by improvements in employment and income conditions and the effects of economic measures, although some areas showed weakness.」
Although some areas showed weakness, the moderate recovery in the domestic economy was reconfirmed against the backdrop of improving employment and income conditions and the effects of economic measures. - FY2024-Q2RestatedAnnual report
「During the second quarter cumulative consolidated period, the Japanese economy recovered moderately, supported by the effects of accommodative monetary policy and the government's economic measures. Looking ahead, although the slowdown in the pace of recovery in overseas economies is expected to exert downward pressure for the time being, the economy is expected to continue its moderate recovery, supported by the emergence of pent-up demand, accommodative monetary policy, and the effects of the government's economic measures, amid improving employment and income conditions.」
It was recognized that the domestic economy had continued its moderate recovery, and continued recovery was expected against the backdrop of employment and income conditions and policy effects, despite downward pressure from the slowdown in overseas economies. - FY2024-Q1MitigatedAnnual report
「During the first quarter cumulative consolidated period, the Japanese economy recovered moderately as economic activity normalized following the easing of restrictions related to COVID-19. Looking ahead, although the slowdown in the pace of recovery in overseas economies is expected to exert downward pressure for the time being, the economy is expected to continue recovering moderately, supported by the easing of supply constraints, improvements in employment and income conditions, accommodative monetary policy, and the effects of the government's economic measures.」
It was recognized that the domestic economy would continue its moderate recovery, against the backdrop of eased restrictions related to infectious diseases, improving employment and income conditions, and the effects of economic policies. - FY2023ReframedAnnual report
「The diversification of consumer behavior may affect our performance, which had remained firm under the influence of stay-at-home consumption.」
Personal consumption was recovering and diversifying as socioeconomic activity returned to normal, while the shift away from stay-at-home consumption was identified as a potential factor affecting our performance. - FY2023-Q3MitigatedAnnual report
「During the nine-month cumulative period of the current consolidated fiscal year, Japan's economy recovered gradually as restrictions on movement were eased under the post-COVID environment, including the reclassification of COVID-19 under the Infectious Diseases Control Law as a Category V infectious disease.」
It was recognized that the domestic economy had recovered moderately against the backdrop of COVID-19 being reclassified as a Category 5 disease and the easing of restrictions on activities. - FY2023-Q2ReframedAnnual report
「During the six-month cumulative period of the current consolidated fiscal year, Japan's economy continued to show signs of recovery, supported by an accommodative financial environment and the effects of government economic measures, despite downward pressure from higher resource prices and a slowdown in overseas economies, as the impact of COVID-19 and supply constraints eased. The economy is expected to continue recovering under the post-COVID environment, supported by the effects of various policies, but attention must be paid to downside risks from global monetary tightening and rising prices, among other factors.」
The domestic economy was described as continuing to recover as the impact of the infectious disease and supply constraints eased and policy measures took effect, while higher resource prices, a slowdown in overseas economies, global monetary tightening and rising prices were also cited as downside risks. - FY2023-Q1MitigatedAnnual report
「Although downward pressure remained from a slowdown in overseas economies caused by higher resource prices and global inflationary pressure, the economy showed signs of recovery as supply constraints eased, efforts to control COVID-19 were balanced with economic activity, and the effects of accommodative monetary policy and government economic measures provided support.」
Although downward pressure from higher resource prices and a slowdown in overseas economies remained, the domestic economy showed signs of recovery as infection control was balanced with economic activity and policy measures took effect. - FY2022-Q3MitigatedAnnual report
「During the nine-month cumulative period of the current consolidated fiscal year, Japan's economy showed signs of broad-based recovery as the impact of COVID-19 on socioeconomic activity eased following the full lifting of priority preventive measures by the government, in addition to progress in vaccinations, and as various economic measures took effect, despite downward pressure from higher resource prices caused by Russia's invasion of Ukraine and increased demand resulting from the global resumption of economic activity.」
Although downward pressure from higher resource prices remained, the company indicated that the domestic economy had broadly recovered due to the full lifting of priority preventive measures and the effects of policy measures. - FY2022-Q2ReframedAnnual report
「During the six-month cumulative period of the current fiscal year, concerns arose about the economic impact of measures to prevent the spread of disease, which were temporarily expanded to 36 prefectures, among other areas. However, personal consumption, production and capital investment showed signs of recovery as a result of measures aimed at balancing infection control with economic and social activity.」
Concerns about the impact of priority preventive measures and the recovery in personal consumption and other areas resulting from measures balancing infection control with economic activity were presented together, and the domestic economic assessment was characterized as a combination of recovery and continued uncertainty. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It was concluded that there had been no material change in the previously disclosed risks concerning personal consumption and the domestic economy. - FY2021ReframedAnnual report
「During the current consolidated fiscal year, Japan's economy remained highly uncertain as the third state of emergency was declared in April 2021 due to the renewed spread of COVID-19, restricting the movement of people and causing economic activity to stagnate again. However, as measures to prevent the spread of infections were implemented and vaccinations were promoted, capital investment and production activity showed signs of recovery, supported by the effects of various government policies aimed at raising the level of socioeconomic activity.」
The stagnation of economic activity caused by the third state of emergency and the recovery in capital investment and production activity resulting from vaccines and policy measures were presented together, shifting the assessment of the domestic economy from uniformly deteriorating to a combination of recovery and continued uncertainty. - FY2021-Q3WorsenedAnnual report
「During the nine-month period of the current fiscal year, a 3rd state of emergency and priority preventive measures were introduced in April 2021 due to the renewed spread of COVID-19. This restricted the movement of people and caused economic activity to stagnate again, leaving the outlook still uncertain.」
The renewed spread of infections and the third state of emergency, among other factors, again restricted the movement of people and economic activity, and the domestic economic and personal consumption outlook was described as highly uncertain. - FY2021-Q2WorsenedAnnual report
「During the six-month period of the current fiscal year, the economy was gradually recovering, particularly in manufacturing, from the difficult conditions caused by the global spread of COVID-19, supported by the effects of various policies and improvements in overseas economies. However, personal consumption weakened following the declaration of another state of emergency in January 2021, some non-manufacturing industries remained in difficult conditions, and concerns about the spread of infection could not be dispelled as variants of COVID-19 were identified in Japan and overseas, so the outlook remained uncertain.」
Although the company indicated that the economy was beginning to recover, personal consumption weakened due to the reintroduction of a state of emergency, and the outlook for the domestic economy remained uncertain as a new variant was also identified. - FY2021-Q1ReframedAnnual report
「Personal consumption and exports showed signs of recovery due to the effects of various policies aimed at raising the level of socioeconomic activity and improvements in overseas economies. However, the outlook for the economy remained uncertain amid concerns about the impact of a renewed spread of the infectious disease on economic activity.」
While a recovery in personal consumption due to policy effects and improvements in overseas economies was indicated, the outlook for the economy was characterized as uncertain due to the impact of a renewed spread of the infectious disease on economic activity. - FY2020-Q2WorsenedAnnual report
「During the six-month period of the current fiscal year, the Japanese economy remained weak, particularly in manufacturing, as exports softened, although employment and income conditions continued to improve and the economy was gradually recovering. However, due to the impact of the global spread of COVID-19 on the world economy, difficult conditions are expected to continue going forward.」
The assessment of the domestic economic outlook, which had indicated improving employment and income conditions and an economic recovery, shifted to one in which difficult conditions were expected to continue due to the impact of the spread of COVID-19 on the global economy. - FY2020-Q1ReframedAnnual report
「During the three-month cumulative period of the current consolidated fiscal year, Japan's economy remained on a gradual recovery path as employment and the income environment continued to improve, although weakness, particularly in exports, persisted. However, continued attention was required regarding overseas economic developments, including tensions over trade issues, the outlook for the Chinese economy and the UK's withdrawal from the EU, the effects of volatility in financial and capital markets, and trends in consumer sentiment following the consumption tax rate increase.」
The description shifted to one that indicated improving employment and income conditions and a gradual economic recovery, while continuing to highlight domestic and overseas factors of uncertainty, including consumer sentiment following the consumption tax rate increase. - FY2019RestatedAnnual report
「During the current consolidated fiscal year, Japan's economy remained on a gradual recovery path as employment and the income environment continued to improve and personal consumption recovered, although weakness continued, particularly in exports.」
The recovery in personal consumption and the gradual recovery trend in the domestic economy were reaffirmed, while weakness in exports was noted. - FY2019-Q3RestatedAnnual report
「During the nine-month cumulative period of the current consolidated fiscal year, Japan's economy remained on a gradual recovery path as employment and the income environment continued to improve and personal consumption recovered, although,」
The continued recovery trend in personal consumption was indicated. - FY2019-Q2RestatedAnnual report
「During the six-month cumulative period of the current consolidated fiscal year, personal consumption recovered as employment and the income environment continued to improve, and capital investment was also on an upward trend, resulting in a gradual economic recovery in Japan.」
The recognition that the domestic economy was gradually recovering, supported by the recovery in personal consumption, improvements in employment and the income environment, and the upward trend in capital investment, was maintained. - FY2019-Q1RestatedAnnual report
「During the three-month cumulative period of the current consolidated fiscal year, personal consumption recovered as employment and the income environment continued to improve, and capital investment was also on an upward trend, resulting in a gradual economic recovery in Japan.」
The recognition that personal consumption was recovering and that employment and the income environment continued to improve was reaffirmed. - FY2018RestatedAnnual report
「During the current consolidated fiscal year, Japan's economy continued to see improvements in employment and the income environment, the economy remained on a gradual recovery path, and personal consumption also recovered.」
The recognition that personal consumption was on a recovery trend was reaffirmed. - FY2018-Q3RestatedAnnual report
「During the nine-month cumulative period of the current consolidated fiscal year, Japan's economy continued to see improvements in employment and the income environment, the economy remained on a gradual recovery path, and personal consumption also recovered.」
The recovery trend in personal consumption was reaffirmed alongside improvements in employment and the income environment. - FY2018-Q2RestatedAnnual report
「During the six-month cumulative period of the current consolidated fiscal year, Japan's economy continued to see improvements in employment and the income environment, the economy remained on a gradual recovery path, and personal consumption also recovered.」
The continued recovery trend in personal consumption was indicated. Separately, overseas political conditions and issues in domestic automobile sales were cited as factors of uncertainty. - FY2018-Q1MitigatedAnnual report
「In the automobile industry in which our group operates, domestic new-vehicle sales in October and November fell below the previous year's levels due to the impact of the issue involving inspections conducted by unqualified personnel at certain automakers. This impact is expected to continue for some time, resulting in severe conditions.」
While personal consumption was described as gradually recovering, the automobile industry was reported to be facing declining sales and difficult conditions due to the issue involving inspections conducted by unqualified personnel. - FY2017Limited spillover to personal consumption and other areasAnnual report
「Although employment and the income environment continued to improve and the economy showed a gradual recovery trend as a result of the government's economic and monetary policies, the spillover to spending, including capital investment and personal consumption, remained limited.」
The previous recognition of sluggish personal consumption was expressed as a limited spillover to spending despite improvements in employment and the income environment. - FY2017-Q2RestatedAnnual report
「Although the economy has been on a gradual recovery path as a result of the government's economic and monetary policies, personal consumption has remained sluggish, with no clear growth strategy in sight.」
Continued sluggish personal consumption and uncertainty about the outlook were indicated. - FY2017-Q1First statedAnnual report
「Personal consumption has been on a slightly declining trend, and the outlook remains uncertain.」
The declining trend in domestic personal consumption and uncertainty about the outlook were first identified as risks in the external environment.