Risk of Weakness in the Domestic Economy and Personal Consumption
First written in FY2016. 12 of 27 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2022: 130 of 174 companies on the "Worse" side.
- FY2025MitigatedAnnual report
「During the fiscal year from 1 April 2024 to 31 March 2025, the Japanese economy continued on a gradual recovery trend, supported by improvements in corporate earnings and a recovery in personal consumption.」
It describes a gradual recovery trend in the domestic economy and personal consumption, accompanied by improvements in corporate earnings and a recovery in personal consumption. - FY2024MitigatedAnnual report
「During the fiscal year from 1 April 2023 to 31 March 2024, the Japanese economy was on a recovery trend as the impact of COVID-19 diminished and economic activity became more active.」
It describes the diminishing impact of COVID-19, increased economic activity, and a recovery trend in the domestic economy. - FY2024-Q1MitigatedAnnual report
「During the first 3 months of the fiscal year, restrictions were eased as COVID-19 was reclassified as a Class 5 disease and border control measures for inbound travelers were lifted, among other developments, and domestic consumption was on a recovery trend.」
It states that the reclassification of COVID-19 as a Class 5 disease and the lifting of border control measures eased restrictions on activities, putting domestic consumption on a recovery trend. - FY2023-Q3MitigatedAnnual report
「During the first 9 months of the fiscal year, the Japanese economy began moving toward normalization under government policy to ease restrictions on activities related to COVID-19 infections.」
It states that the easing of restrictions on activities related to COVID-19 enabled the domestic economy to begin moving toward normalization. - FY2023-Q2MitigatedAnnual report
「During the first 6 months of the fiscal year, economic activity moved toward recovery as a result of government policy to ease restrictions on activities in response to COVID-19.」
It states that economic activity moved toward recovery as restrictions on activities were eased, partially alleviating the deterioration in the domestic economy and consumer environment. - FY2023-Q1MitigatedAnnual report
「During the first 3 months of the fiscal year, restrictions on economic activity resulting from COVID-19 were gradually eased, and signs of recovery emerged in the Japanese economy.」
It states that the easing of restrictions on economic activity resulting from COVID-19 brought signs of recovery in the domestic economy. - FY2022MaterialisedAnnual report
「During the fiscal year, economic activity in Japan repeatedly stagnated and recovered as declarations of a state of emergency and the issuance and lifting of priority preventive measures related to COVID-19 occurred in succession.」
Restrictions on people’s activities and stagnation in economic activity caused by COVID-19 continued to affect the actual economic environment during the fiscal year. - FY2022-Q3MaterialisedAnnual report
「During the third quarter, signs of a gradual recovery emerged after the lifting of the state of emergency on 1 October, as the number of new infections declined. However, the outlook for the economy remains uncertain given the expected surge in raw material prices and the possibility of a resurgence of infections caused by COVID-19 variants.」
It states that the impact of COVID-19 on consumption and the economy continues, with some signs of recovery, while uncertainty remains, including concerns about a resurgence caused by variants. - FY2022-Q1MaterialisedAnnual report
「During the first 3 months of the fiscal year, personal consumption remained subdued and corporate activities were restricted due to the spread of COVID-19, repeated declarations of a state of emergency, and the issuance of priority preventive measures, leaving the economy in an extremely difficult situation.」
The decline in personal consumption and restrictions on corporate activities resulting from the spread of COVID-19 and restrictions on people’s activities continue to emerge. - FY2021-Q3MaterialisedAnnual report
「During the first 9 months of the fiscal year, personal consumption and corporate activities were restricted by the spread of COVID-19, leaving the economy in an extremely difficult situation. Although signs of a partial recovery emerged as a result of government economic measures and other factors, the outlook remains uncertain.」
Restrictions on personal consumption and corporate activities resulting from the spread of COVID-19, together with severe economic conditions, have continued to materialize. - FY2021-Q2MaterialisedAnnual report
「During the first 6 months of the fiscal year, personal consumption and corporate activities were restricted by requests to refrain from going out and suspend operations due to the impact of COVID-19, leaving the economy in an extremely difficult situation. Although signs of a partial recovery have recently emerged as social and economic activities resumed following the lifting of the state of emergency and as a result of government economic measures, restrictions on activities and voluntary restraint continue amid the ongoing risk of infection, and concerns remain about a resurgence of infections, leaving the outlook uncertain.」
The impact of requests to refrain from going out and suspend operations and the declaration of a state of emergency due to COVID-19 continues to emerge in the form of restrictions on personal consumption and corporate activities. - FY2021-Q1MaterialisedAnnual report
「Personal consumption and corporate activities were restricted by requests to refrain from going out and suspend operations due to the spread of COVID-19, as well as the declaration of a state of emergency, leaving the economy in an extremely difficult situation.」
The risk of weakness in the domestic economy and personal consumption has actually emerged in the form of restrictions on consumption and corporate activities resulting from requests to refrain from going out, suspend operations, and the declaration of a state of emergency. - FY2020MaterialisedAnnual report
「In addition, the economy has recently been substantially weakened by the impact of COVID-19 and is in a difficult situation.」
It states that the impact of COVID-19 has actually emerged as a factor weighing on the domestic economy and consumer environment. - FY2020-Q3RestatedAnnual report
「During the first 9 months of the fiscal year, the Japanese economy itself remained firm as employment and income conditions continued to improve. However, the outlook remains uncertain due to uncertainty in overseas conditions resulting from the prolonged US-China trade dispute and instability in the Middle East, as well as rising personnel and logistics costs in Japan and trends in consumer sentiment following the consumption tax rate increase.」
While describing the economy as firm, it continues to discuss uncertainty in the outlook, including overseas conditions, personnel and logistics costs, and consumer sentiment following the consumption tax rate increase. - FY2020-Q2RestatedAnnual report
「During the first 6 months of the fiscal year, the Japanese economy itself remained firm as employment and income conditions continued to improve. However, the outlook remains uncertain due to uncertainty in overseas conditions resulting from the prolonged US-China trade dispute and instability in the Middle East, as well as rising personnel and logistics costs in Japan and the impact of the consumption tax rate increase.」
While describing the economy as firm, it continues to discuss uncertainty in the outlook for the domestic economy due to rising personnel and logistics costs and the impact of the consumption tax rate increase. - FY2020-Q1RestatedAnnual report
「During the first 3 months of the fiscal year, the Japanese economy itself remained firm, supported by improvements in corporate earnings and employment conditions. However, the outlook remains uncertain due to uncertainty in overseas conditions resulting from the prolonged US-China trade dispute and instability in the Middle East, as well as rising personnel and logistics costs in Japan and the impact of the consumption tax increase scheduled for October.」
While describing the economy as firm, it discusses an uncertain domestic economic environment due to rising personnel and logistics costs and the impact of the consumption tax increase. - FY2019-Q3RestatedAnnual report
「During the first 9 months of the fiscal year, the Japanese economy was on a gradual recovery track, supported by improvements in corporate earnings and employment conditions. However, the outlook remains uncertain due to issues including rising personnel costs resulting from labor shortages and rising logistics costs.」
It continues to describe an uncertain operating environment involving rising personnel and logistics costs due to labor shortages. - FY2019-Q2RestatedAnnual report
「Consumer sentiment lacks strength in the industries in which our Group operates, while competition across industries and business formats is intensifying, and the difficult operating environment continues.」
It states that weak consumer sentiment and a difficult operating environment continue. - FY2019-Q1RestatedAnnual report
「Consumer sentiment lacks strength in the industries in which our Group operates, while competition across industries and business formats is intensifying, and the operating environment continues to be difficult.」
It states that weak consumer sentiment and a difficult operating environment continue. - FY2018-Q3RestatedAnnual report
「Consumer sentiment remains subdued in the industries in which our Group operates, and the operating environment continues to be difficult.」
It states that subdued consumer sentiment and a difficult operating environment continue. - FY2018-Q2RestatedAnnual report
「Consumer sentiment remains subdued in the industries in which our Group operates, and the operating environment continues to be difficult due to rising personnel and logistics costs, among other factors.」
It states that subdued consumer sentiment and a difficult operating environment continue. - FY2018-Q1WorsenedAnnual report
「Consumer sentiment remains weak in the industry in which our group operates, conditions have not reached the point where an economic recovery is being felt, and the operating environment is becoming increasingly challenging.」
The company states that weak consumer sentiment and the lack of a tangible economic recovery continue, and that the operating environment is becoming increasingly challenging. - FY2017RestatedAnnual report
「Most of the markets in which our group sells products are in Japan. Many of our group's customers are small retailers and general consumers, and are affected by economic conditions in Japan.」
The company reiterates the risk to economic conditions and consumer trends arising from dependence on the domestic market, small retailers and general consumers. - FY2017-Q3RestatedAnnual report
「Consumer sentiment remains weak in the industry in which our group operates, and conditions have not reached the point where an economic recovery is being felt. The outlook remains uncertain.」
Weak consumer sentiment and uncertainty over the economic outlook continue. - FY2017-Q2RestatedAnnual report
「Consumer sentiment also remains weak in the industry in which our group operates, and conditions have not reached the point where an economic recovery is being felt. The outlook remains uncertain.」
Weak consumer sentiment and uncertainty over the economic outlook continue. - FY2017-Q1RestatedAnnual report
「Consumer sentiment also remains weak in the industry in which our group operates, and conditions have not reached the point where an economic recovery is being felt. The outlook remains uncertain.」
The company states that weak consumer sentiment and uncertainty over the economic outlook continue. - FY2016First statedAnnual report
「Most of the markets in which our group sells products are in Japan. Many of our group's customers are small retailers and general consumers, and are affected by economic conditions in Japan. This may affect our group's operating results and financial condition.」
Dependence on the domestic market, small retailers and general consumers is identified as an economic risk.