Domestic Economic Stagnation and Sluggish Private Consumption
First written in FY2017-Q1. 12 of 31 entries say "Restated". Latest entry: FY2026.
Imasen Electric Industrial 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.
10 other companies' latest entry also says "Other".
- FY2026Slow recovery in domestic consumption, alongside high prices and yen depreciationAnnual report
「During the consolidated fiscal year, the global economy saw signs of improvement in employment and income conditions in Japan, but the recovery in personal consumption remained gradual against a backdrop of stagnant real wages due to soaring prices and the continued depreciation of the yen.」
Although there were signs of improvement in employment and income conditions, the recovery in personal consumption was described as gradual due to stagnant real wages caused by soaring prices and yen depreciation. - FY2026-H1Slow recovery alongside labor shortages, high prices and tariffsAnnual report
「During the interim consolidated accounting period, the Japanese economy continued to recover gradually as income conditions and consumption showed signs of improvement, but the recovery trend slowed due to labor shortages, soaring prices, and declining exports resulting from US reciprocal tariffs.」
A recovery in income conditions and consumption was noted, while the domestic economic recovery was described as gradual due to labor shortages, soaring prices and declining exports resulting from US reciprocal tariffs. - FY2025Signs of a domestic recovery alongside uncertainty in overseas factorsAnnual report
「In Japan, signs of an economic recovery emerged, including a recovery in consumer sentiment accompanying wage increases and stronger corporate appetite for capital investment, but globally, uncertainty is expected to persist due to prolonged geopolitical risks, an economic slowdown in China, and policy developments, including additional tariffs under the current US administration.」
Signs of a recovery in the domestic economy were noted, while uncertainty arising from overseas factors, including geopolitical risks, China's economic slowdown and additional US tariffs, was also noted. - FY2025-H1Recovery in income and personal consumption alongside the impact of the Middle East, Ukraine and foreign exchange movementsAnnual report
「During the interim consolidated accounting period, the Japanese economy showed signs of recovery as income and personal consumption, among other factors, were recovering, but the outlook remained uncertain due to the impact of soaring energy prices resulting from the expansion of the conflict in the Middle East and the prolonged conflict in Ukraine, as well as continued price increases caused by foreign-exchange movements.」
A recovery driven by income and personal consumption was noted, while the expansion of the conflict in the Middle East, the prolonged conflict in Ukraine, soaring energy prices, and higher prices caused by foreign-exchange movements were also noted. - FY2024-Q3Continued recovery alongside the Middle East conflict and monetary tighteningAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the Japanese economy continued to show gradual signs of recovery after COVID-19 was reclassified as a Class 5 infectious disease in May last year, but the outlook remained uncertain due to the impact of soaring energy prices resulting from the situation in Ukraine and the conflict in the Middle East, higher prices caused by the depreciation of the yen, prolonged inflation, and monetary tightening in various countries.」
The domestic economy continued to show gradual signs of recovery after COVID-19 was reclassified as a Class 5 infectious disease, while uncertainty about the outlook arising from the situation in Ukraine, the conflict in the Middle East, yen depreciation and rising prices, inflation, and monetary tightening in various countries was also noted. - FY2024-Q2Recovery following the lifting of restrictions and continued uncertainty both notedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the Japanese economy showed signs of recovery following the lifting of COVID-19 restrictions on activities, but the outlook remained uncertain due to the impact of soaring energy prices caused by the prolonged conflict in Ukraine, higher prices resulting from the depreciation of the yen, and financial instability associated with policy-rate hikes in various countries.」
A recovery in the domestic economy following the lifting of activity restrictions was noted, while uncertainty about the outlook arising from the prolonged conflict in Ukraine, soaring energy prices, yen depreciation and rising prices, and financial instability was also noted. - FY2024-Q1WorsenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the Japanese economy remained in an uncertain outlook due to the prolonged geopolitical risks surrounding Ukraine, persistently high global inflation, and financial instability caused by policy-rate hikes in various countries.」
Regarding the domestic economy, the prolonged geopolitical risks, persistently high global inflation, and financial instability caused by policy-rate hikes in various countries were newly listed as specific downside factors, and uncertainty about the outlook continued. - FY2023-Q3WorsenedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the Japanese economy faced numerous downside risks, including higher resource prices resulting from Russia's prolonged invasion of Ukraine, higher prices caused by global inflation and the depreciation of the yen, and parts supply shortages resulting from supply-chain disruptions associated with China's lockdowns, leaving the economic outlook still uncertain.」
Regarding the domestic economy, specific downside factors, including Russia's prolonged invasion of Ukraine, global inflation, higher prices caused by yen depreciation, and supply disruptions associated with China's lockdowns, were listed, and uncertainty about the outlook continued. - FY2023-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the Japanese economy faced numerous downside risks, including higher prices resulting from the surge in resource prices caused by the situation in Ukraine and the sharp depreciation of the yen accompanying US interest-rate hikes, production constraints and parts shortages caused by logistics disruptions related to China's lockdowns, and the resulting economic uncertainty.」
Regarding the domestic economy, the situation in Ukraine, yen depreciation and rising prices, China's lockdowns, logistics disruptions, production constraints and parts supply shortages were listed as additional downside factors, indicating heightened risk awareness. - FY2023-Q1MitigatedAnnual report
「Although the number of COVID-19 infections was brought under control and signs of recovery emerged in social and economic activity,」
Regarding the domestic economy, control of infections and a recovery in social and economic activity were noted, and the description changed from the challenging conditions caused by the spread of infections through the previous quarter to one indicating a recovery. At the same time, uncertainty arising from geopolitical risks was also noted. - FY2022-Q3Recovery momentum and supply constraints both notedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the Japanese economy remained in a challenging situation, although signs of recovery continued amid the impact of COVID-19. The economy showed signs of recovery toward the end of the year, supported by improvements in overseas economies, including the United States, but infections caused by variants such as Omicron have recently been rising rapidly both in Japan and overseas, requiring continued close attention to developments in the pandemic, supply-side problems involving semiconductors and other products, and the impact of rising raw material prices.」
The domestic economy was described as remaining in a challenging situation despite continued signs of recovery, with attention to variants, supply-side problems and rising raw material prices also noted. - FY2022-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, a recovery in the Japanese economy was expected as signs of recovery emerged in the global economy and vaccinations became more widespread, but the economy was forced to slow due to the resurgence of COVID-19, particularly in emerging Asian countries, and the impact of semiconductor supply shortages, leaving the outlook still uncertain.」
The domestic economy, for which a recovery had been expected, was forced to slow due to the resurgence of COVID-19 and the impact of semiconductor supply shortages, and uncertainty about the outlook continued. - FY2022-Q1WorsenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the Japanese economy remained in a challenging situation, as the number of infections began to rise again due to the spread of COVID-19 variants.」
The view was expressed that the number of infections had begun to rise again and that the challenging situation for the domestic economy was continuing. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the Japanese economy remained in an uncertain outlook, as business activity and personal consumption were restrained by the spread of COVID-19.」
Business activity and personal consumption were restrained by the spread of COVID-19, and uncertainty about the outlook for the economy continued. - FY2021-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the Japanese economy remained in an uncertain outlook, as business activity and consumer spending were restrained by the prolonged impact of COVID-19.」
Regarding the domestic economy, business activity and consumer spending were restrained by the prolonged COVID-19 pandemic, and uncertainty about the outlook continued. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the Japanese economy entered an extremely challenging situation as business activity and consumer spending were restrained by calls for economic activity to be curtailed to prevent the spread of COVID-19.」
The assessment of the domestic economy changed from the previous gradual recovery and firmness to an extremely challenging situation, as COVID-19 restrained business activity and consumer spending. - FY2020WorsenedAnnual report
「In Japan, there was no significant economic slowdown resulting from the increase in the consumption tax rate, and the economy was following a gradual recovery trend, but the slowdown became pronounced due to the impact of COVID-19.」
The assessment of the domestic economy changed from its previous gradual recovery trend to a pronounced slowdown due to the impact of COVID-19. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the Japanese economy followed a gradual recovery trend as improvements in employment and income conditions continued, despite the impact of personal consumption and other factors associated with the consumption tax increase.」
Although the impact of the consumption tax increase on personal consumption was newly noted, the gradual recovery trend in the domestic economy, supported by improving employment and income conditions, was maintained. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the Japanese economy remained firm, supported by improvements in employment and income conditions.」
The view that the domestic economy remained firm against a backdrop of improving employment and income conditions remains unchanged. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the Japanese economy remained firm against a backdrop of improving employment and income conditions.」
The view was expressed that the domestic economy remained firm against a backdrop of improving employment and income conditions, and the outlook for a gradual recovery remained unchanged. - FY2019RestatedAnnual report
「In Japan, although the economy temporarily slowed due to the impact of natural disasters, it expanded moderately on the back of a recovery in capital investment and personal consumption.」
The view of a moderate recovery in the domestic economy, driven by a recovery in capital investment and personal consumption despite a temporary slowdown caused by natural disasters, remains unchanged. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter, the Japanese economy followed a gradual recovery trend, supported by expanded capital investment resulting from improved corporate earnings and a recovery in personal consumption resulting from robust employment and income conditions, among other factors.」
The domestic economy continues on a gradual recovery trend, supported by expanded capital investment, robust employment and income conditions, and a recovery in personal consumption. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter, the Japanese economy followed a gradual recovery trend, supported by expanded capital investment and a recovery in personal consumption, among other factors.」
The description of the domestic economy continues to indicate a gradual recovery trend supported by expanded capital investment and a recovery in personal consumption. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter, the Japanese economy followed a gradual recovery trend, supported by improvements in corporate earnings and employment and income conditions.」
The description of the domestic economy continues to indicate a gradual recovery trend supported by improvements in corporate earnings and employment and income conditions. - FY2018RestatedAnnual report
「In Japan, the gradual recovery continued, with personal consumption recovering alongside improvements in employment conditions and corporate capital investment increasing.」
The domestic economy continues on a gradual recovery trend, supported by improvements in employment conditions, a recovery in personal consumption, and increased capital investment. - FY2018-Q3RestatedAnnual report
「The economy followed a gradual recovery trend due to a recovery in personal consumption accompanying improvements in employment conditions and an increase in capital investment, among other factors.」
The domestic economy continues on a gradual recovery trend, supported by improvements in employment conditions, a recovery in personal consumption, and increased capital investment. - FY2018-Q1MitigatedAnnual report
「The economy followed a gradual recovery trend against the backdrop of improved employment and income conditions.」
The description of the domestic economy has shifted from stagnation and sluggish personal consumption to a gradual recovery trend supported by improved employment and income conditions. - FY2017RestatedAnnual report
「In Japan, the economy followed a gradual recovery trend, with corporate earnings and employment and income conditions improving as a result of the government's economic measures and monetary easing.」
The annual report also confirms that the domestic economy has remained on the gradual recovery trend that began in the previous quarter. - FY2017-Q3MitigatedAnnual report
「Although the recovery in capital investment was slowing, the economy followed a gradual recovery trend, supported by a recovery in personal consumption.」
Although the slowdown in the recovery of capital investment remains, the assessment has shifted from stagnant economic activity and sluggish personal consumption to a gradual recovery trend, supported by a recovery in personal consumption. - FY2017-Q2RestatedAnnual report
「Although employment conditions improved as a result of the government's economic measures and the Bank of Japan's monetary policy, the economy remained stagnant due to the continued appreciation of the yen and sluggish personal consumption, among other factors.」
The recognition that domestic economic activity remains stagnant due to yen appreciation and sluggish personal consumption has been reiterated. - FY2017-Q1First statedAnnual report
「The economy remained stagnant due to the continued appreciation of the yen and sluggish personal consumption, among other factors.」
Yen appreciation and sluggish personal consumption were identified as factors behind the stagnation of the domestic economy.