Weak Consumer Spending and Uncertainty over the Economic Outlook
First written in FY2017-Q1. 6 of 13 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 53 of 68 companies on the "Worse" side.
10 other companies' latest entry also says "Other".
- FY2026Higher Assessment of Key RisksAnnual report
「① Risk related to changes in market conditions (risk rating: S)」
Dependence on personal consumption and changes in market conditions is classified as an S-rated key risk requiring the highest priority attention. - FY2023Restatement of the personal consumption riskAnnual report
「The Group’s performance tends to be susceptible to trends in personal consumption. If market conditions in the industries related to the Group change significantly or economic conditions deteriorate, this could affect the Group’s operating results and financial position.」
The Group’s dependence on personal consumption, which was no longer directly stated in the full-year report for 2019, has again been explicitly identified as a market-environment change under the key risks. - FY2019DroppedAnnual report
「In the industries related to our Group, conditions in the toy market remain difficult due to Japan’s declining birthrate and increasingly diverse consumer needs. The video and music market and video game market also remain difficult, owing to the sluggish packaged-product market resulting from the growing adoption of streaming and services for smartphones.」
The annual report does not identify weak personal consumption or uncertainty over the economic outlook as direct business-environment risks. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company reconfirms that there have been no material changes to the business risks relating to weak personal consumption and an uncertain economic outlook. - FY2019-Q2RestatedAnnual report
「During the cumulative six-month period under review, there were no events that could materially affect investors’ decisions and no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company reconfirms that there have been no material changes to the business risks relating to weak personal consumption and an uncertain economic outlook. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The company reconfirms that there have been no material changes to the business risks relating to weak personal consumption and an uncertain economic outlook. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company reconfirms that there have been no material changes to the business risks relating to weak personal consumption and an uncertain economic outlook. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, personal consumption was gradually recovering as employment and income conditions continued to improve. Although the economy was expected to recover gradually, the outlook remained uncertain due to concerns about uncertainty in overseas economies and volatility in financial and capital markets.」
Personal consumption is described as continuing to recover gradually, maintaining the view that its previous weakness has receded. Meanwhile, uncertainty over the economic outlook continues. - FY2018-Q1SoftenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy continued on a gradual recovery trend due to improvements in employment and income conditions, and personal consumption was also gradually recovering. However, the economic outlook remained uncertain due to concerns about uncertainty in overseas economies and volatility in financial and capital markets.」
Personal consumption is described as "gradually recovering," indicating that its previous weakness has receded further. Meanwhile, uncertainty over the economic outlook continues. - FY2017RestatedAnnual report
「During the current consolidated fiscal year, Japan's economy was on a gradual recovery trend due to improvements in employment and income conditions and the effects of the government's economic policies. Personal consumption also continued to recover, but the outlook remained uncertain due to factors including heightened uncertainty in overseas economies.」
Personal consumption is described as continuing to recover, indicating that its previous weakness has receded, while the assessment that the outlook is uncertain remains unchanged. - FY2017-Q3SoftenedAnnual report
「Personal consumption showed signs of recovery, but instability in overseas economies also increased, and the outlook remains uncertain.」
Personal consumption has shown signs of recovery from its previous weakness, while uncertainty over the economic outlook continues. - FY2017-Q2SoftenedAnnual report
「The gradual recovery trend has continued, with improvements in employment and income conditions and generally firm personal consumption. However, the outlook remains uncertain due to factors including heightened uncertainty in overseas economies.」
The description of personal consumption has been softened from "remains weak" to "generally firm," indicating that the previous weakness in personal consumption has receded. Meanwhile, uncertainty over the economic outlook continues. - FY2017-Q1First statedAnnual report
「Japan's economy has been on a gradual recovery trend, with employment and income conditions continuing to improve, partly due to the effects of the government's economic policies. However, personal consumption remains weak, and the economic outlook remains uncertain.」
While acknowledging improvements in employment and income conditions, the company identifies weak personal consumption and an uncertain economic outlook as risks in the business environment.