Recovery trend in production activity and capital investment on the back of a global economic recovery
First written in FY2018-Q1. 7 of 27 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2020: 7 of 17 companies on the "Worse" side.
9 other companies' latest entry also says "Other".
- FY2026-H1Recovery trend presented alongside tariff, overseas economic and geopolitical risksAnnual report
「During the current interim consolidated fiscal period, Japan's economy continued on a moderate recovery trend against the backdrop of improved employment and income conditions and strong inbound demand. Meanwhile, the outlook remained uncertain due to the effects of US tariff policy, developments in overseas economies including China, heightened geopolitical risks and worsening labor shortages.」
While describing a recovery trend driven by improved employment and income conditions and inbound demand, also presents downside concerns due to US tariff policy, overseas economies, geopolitical risks and labor shortages. - FY2025Recovery trend presented alongside concerns over downside risks in overseas economiesAnnual report
「During the current consolidated fiscal year, Japan's economy continued on a moderate recovery trend, with inbound tourism performing well and personal consumption showing signs of recovery against the backdrop of improved employment and income conditions. However, the outlook remained uncertain as concerns over downside risks in overseas economies continued, including further price increases, US trade policy and other policy developments, and the prolonged downturn in the Chinese property market.」
While describing the recovery trend in inbound tourism, employment and income conditions, and personal consumption, also presents downside concerns due to rising prices, US trade policy and the downturn in the Chinese property market. - FY2025-H1Recovery in investment in some markets presented alongside downside concernsAnnual report
「During the current interim consolidated fiscal period, Japan's economy continued on a moderate recovery trend, with inbound demand remaining high and signs of a recovery in investment sentiment in some markets. Meanwhile, the outlook remained uncertain due to continued high global resource and raw material prices, the weakening yen, concerns over a slowdown in the global economy and heightened geopolitical risks associated with ongoing conflicts around the world.」
While describing a moderate recovery trend driven by high inbound demand and a recovery in investment sentiment in some markets, also presents downside concerns due to high resource prices, the weakening yen, a slowdown in the global economy, and conflicts and geopolitical risks. - FY2024Recovery trend presented alongside concerns over real wages and overseas economiesAnnual report
「During the current consolidated fiscal year, Japan's economy continued on a moderate recovery trend, with a recovery in human mobility, including an increase in inbound tourism, and improvements in employment and income conditions against the backdrop of labor shortages. Meanwhile, although the Bank of Japan's monetary policy showed signs of moving toward normalization, real wages remained negative due to rising prices, while concerns over further deterioration in the Chinese economy and downside risks in overseas economies due to monetary tightening continued, leaving the outlook uncertain.」
While describing a recovery trend due to improvements in human mobility and employment and income conditions, also presents negative real wages, monetary tightening and concerns over deterioration in the Chinese economy as new sources of uncertainty. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy continued on a moderate recovery trend, with a recovery in human mobility, including an increase in inbound tourism, improvements in employment and income conditions against the backdrop of labor shortages, and firm personal consumption. Meanwhile, the outlook remained uncertain due to globally high prices and the resulting continuation of restrictive monetary policies, mainly in Europe and the United States, as well as concerns over downside risks in overseas economies, including China.」
Presents both the recovery trend in human mobility, employment and income conditions, and personal consumption, and uncertainty due to high prices, monetary tightening and concerns over downside risks in overseas economies. - FY2024-Q2Domestic recovery trend presented alongside high resource prices, monetary tightening and concerns over overseas downsideAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy continued on a moderate recovery trend, with an increase in inbound tourism, a recovery in human mobility, improvements in employment and income conditions, and firm personal consumption. Meanwhile, the outlook remained uncertain due to soaring raw material and fuel prices, the continuation of globally restrictive monetary policies, and concerns over downside risks in overseas economies, including China.」
While describing the recovery in inbound tourism, human mobility, employment and income conditions, and personal consumption, also presents uncertainty due to soaring resource prices, monetary tightening and concerns over downside risks in overseas economies. - FY2024-Q1Economic normalization presented alongside uncertainty due to high resource prices and the weakening yenAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy returned to stability following the disruption caused by the spread of COVID-19, and the normalization of economic activity gained momentum as regulatory easing and the development of the social environment progressed. Meanwhile, the outlook remained uncertain as global resource and raw material prices continued to rise and the yen continued to weaken.」
States that although the normalization of economic activity gained momentum, the outlook remained uncertain due to soaring resource and raw material prices and the continued weakening trend in the yen. - FY2023Economic normalization presented alongside high resource prices, the slowdown in China and geopolitical risksAnnual report
「During the current consolidated fiscal year, Japan's economy moved toward normalization as restrictions were eased despite the prolonged impact of COVID-19. Meanwhile, the outlook remained uncertain due to the continued effects of globally high raw material and resource prices, the slowdown in the Chinese economy and Russia's prolonged invasion of Ukraine.」
Presents both the progress toward normalization of economic activity and uncertainty over the outlook due to high raw material and resource prices, the slowdown in the Chinese economy and the prolonged invasion of Ukraine. - FY2023-Q3Easing supply constraints and economic normalization presented alongside uncertainty in the external environmentAnnual report
「During the nine-month period under review, Japan's economy showed gradual signs of recovery as supply constraints eased, albeit partially, and economic activity normalised. However, conditions remained uncertain as COVID-19 infections again began to spread, while the prolonged invasion of Ukraine, rising resource prices and higher prices associated with the yen's rapid depreciation also weighed on the outlook.」
While describing a recovery trend resulting from easing supply constraints and the normalization of economic activity, also presents uncertainty over the outlook due to the renewed spread of infections, the situation in Ukraine, high resource prices, and the weakening yen and rising prices. - FY2023-Q2Economic normalization presented alongside instability in the external environmentAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy remained unstable. Although economic activity was gradually normalizing while measures were taken to prevent COVID-19 infections, this was offset by rising geopolitical risks, soaring raw material and fuel prices, sharp foreign-exchange movements triggered by US rate hikes, and weaker personal consumption due to rising prices.」
While stating that economic activity had moved toward normalization, also cites geopolitical risks, soaring resource prices, interest rate hikes and exchange-rate fluctuations, and cooling consumption due to rising prices, presenting an unstable economic environment. - FY2023-Q1Normalization of economic activity presented alongside uncertainty in the external environmentAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy was again seeing infections increase due to the spread of a new COVID-19 variant, but economic activity moved toward normalization as the acceptance of foreign tourists resumed. However, Japan's economy remained in an uncertain situation, owing to heightened tensions surrounding Ukraine, soaring resource prices, rising inflation, higher interest rates in Europe and the United States, and the weakening yen.」
Presents both the move toward normalization of economic activity and uncertainty over the outlook due to the new variant, the situation in Ukraine, high resource prices, inflation, rising interest rates and the weakening yen. - FY2022-Q3Economic reopening presented alongside supply constraints and the slowdown in ChinaAnnual report
「During the nine-month period under review, Japan's economy remained in an uncertain environment. Although moves to restart economic activity gained momentum as the state of emergency and priority preventive measures imposed in response to the spread of COVID-19 were lifted nationwide, concerns arose over renewed infections caused by variants, while the global semiconductor shortage became more severe, supply chain disruptions continued for longer and the slowdown in the Chinese economy also had an impact.」
Alongside the recovery trend described through the previous quarter, presents the reopening of economic activity and uncertainty over the outlook due to the semiconductor shortage, supply chain stagnation and the slowdown in the Chinese economy. - FY2022-Q2Changed from a recovery trend to an unstable situationAnnual report
「Although capital investment became more active and performed well in some industries, the situation remained unstable due to the prolonged spread of COVID-19, which caused global supply chains to stagnate, corporate earnings to decline and cautious purchasing behavior amid heightened concerns over income due to deteriorating employment conditions.」
Describes an unstable economic situation resulting from the prolonged spread of infections, while retaining the recovery trend driven by the recovery in the Chinese and US economies in the previous quarter and the increased capital investment in some industries. - FY2022-Q1Changed to a recovery trendAnnual report
「During the three-month period under review, Japan's economy recovered along a gradual uptrend. Although the fourth wave of COVID-19 had a partial impact on production activities and other areas, recovery construction following disasters gained momentum and the Chinese and US economies recovered.」
The description changed from the challenging economic conditions caused by COVID-19 and other factors in the previous fiscal year to a recovery trend, despite the lingering partial effects of the fourth wave, due to the recovery in the Chinese and US economies and other factors. - FY2021-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy was significantly affected as the global spread of COVID-19 showed no sign of abating and restrictions on individual and corporate activity caused personal consumption and production activity to stagnate.」
The description changed from the previous moderate recovery trend and partial easing to challenging economic conditions involving activity restrictions due to COVID-19, stagnation in personal consumption and production activity, and a significant impact on corporate performance. - FY2021-Q1Changed from a recovery trend to challenging conditionsAnnual report
「During the first quarter of the consolidated fiscal year, Japan's economy remained in difficult conditions because the global spread of COVID-19 stalled production activity, US-China relations deteriorated and the Chinese market slowed.」
The description changed from the previously stated recovery trend in the global and domestic economies to challenging economic conditions due to COVID-19 and other factors. - FY2020-Q3China and US-China friction have eased in part, but uncertainty continuesAnnual report
「During the first nine months of the consolidated fiscal year, Japan's economy continued to recover moderately as corporate earnings and employment conditions improved, and signs of stability began to emerge in the Chinese economy and US-China trade friction. However, the outlook remained uncertain due to issues including the UK's withdrawal from the EU and the effects of the consumption-tax increase.」
Presents the recovery trend resulting from improved domestic corporate earnings and employment conditions, the partial easing of conditions in the Chinese economy and US-China trade friction, and uncertainty due to the issue of the UK's withdrawal from the EU and the effects following the consumption tax increase. - FY2020-Q2RestatedAnnual report
「During the first half of the consolidated fiscal year, Japan's economy continued to show a moderate recovery on improving employment and income conditions, but uncertainty over the global economy increased due to escalating US-China trade friction, and the outlook remained unclear.」
Presents both the moderate recovery trend resulting from improved domestic employment and income conditions, and uncertainty over the global economy due to intensifying US-China trade friction. - FY2020-Q1RestatedAnnual report
「During the first quarter of the consolidated fiscal year, Japan's economy continued to recover moderately against a backdrop of improving employment and income conditions, but uncertainty increased amid expanding US-China trade friction, a slowdown in the Chinese market and concerns over the outlook for emerging-market economies.」
Presents both the moderate recovery trend resulting from improved domestic employment and income conditions, and uncertainty stemming from US-China trade friction, the slowdown in the Chinese market and concerns over emerging-market economies. - FY2019Recovery trend presented alongside uncertaintyAnnual report
「During the current consolidated fiscal year, Japan's economy continued on a moderate recovery trend despite factors causing volatility, as corporate performance and employment and income conditions continued to improve while the economic outlook remained uncertain due to the continuing expansion of US-China trade friction and the slowdown in the Chinese market.」
Presents both the moderate recovery trend resulting from improved corporate performance, employment and income conditions, and uncertainty due to US-China trade friction and the slowdown in the Chinese market. - FY2019-Q3RestatedAnnual report
「During the first nine months of the consolidated fiscal year, Japan's economy continued to recover moderately on improving corporate earnings and employment conditions, but uncertainty over US-China trade friction left the economic outlook unclear.」
Presents both the moderate recovery trend in the domestic economy resulting from improved corporate earnings, employment and income conditions, and uncertainty over the outlook for the global economy due to US-China trade friction. - FY2019-Q2Global economic instability and continued domestic recoveryAnnual report
「During the first half of the consolidated fiscal year, Japan's economy continued to recover moderately against a backdrop of improving employment and income conditions, while the global economy remained unstable amid heightened risks from escalating US-China trade friction. In Japan, corporate earnings and capital investment remained firm.」
States that the description of the global economy changed from the previous recovery trend to an unstable situation, while domestic employment and income conditions, corporate earnings and capital investment remained firm. - FY2019-Q1RestatedAnnual report
「The global economy continued to recover, while employment and the income environment also continued to improve. In addition, Japan's economy remained on a moderate recovery trend as companies continued active investment aimed at increasing production.」
Reconfirms the global economic recovery, active corporate investment aimed at increasing production and the moderate recovery trend in the domestic economy. - FY2018RestatedAnnual report
「As the global economic recovery continued, corporate production activity remained at a high level, while investment aimed at increasing production became more active as production increased.」
Reconfirms high levels of production activity and more active investment aimed at increasing production against the backdrop of the global economic recovery. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy saw corporate production activity remain at a high level as the global economic recovery continued, while capital investment began to include more investment aimed at increasing production as production rose. In addition, personal consumption continued to show signs of recovery as the income environment improved against the backdrop of labor shortages, making Japan's economic recovery trend more pronounced.」
Reconfirms high levels of corporate production activity and investment aimed at increasing production against the backdrop of the global economic recovery, as well as the recovery trend in the domestic economy. - FY2018-Q2Recovery trend became more pronouncedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy saw corporate production activity remain at a high level as the global economic recovery continued, while capital investment continued on an upward trend, including the emergence of investment aimed at increasing production. In addition, personal consumption continued to show signs of recovery as the income environment improved against the backdrop of labor shortages, making Japan's economic recovery trend more pronounced.」
States that the recovery trend in the domestic economy became more pronounced as the recovery in corporate production activity, capital investment and personal consumption continued from Q1. - FY2018-Q1First statedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy saw corporate production activity perform strongly against the backdrop of the global economic recovery, while capital investment also remained firm.」
For the first time, identifies as a standalone theme the business environment in which corporate production activity was strong and capital investment remained firm against the backdrop of the global economic recovery.