Weakness in personal and household consumption
First written in FY2017-Q1. 10 of 23 entries say "Restated". Latest entry: FY2025.
Tay Two moved to the "Worse" side of this theme in 2021, 1 year after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 10 of 14 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Economic activity showed a gradual recovery against a backdrop of solid consumer spending and expanding inbound demand. However, the economic outlook remained uncertain due to the unstable international situation, the ongoing depreciation of the yen, persistently high raw material and energy prices and rising prices.」
While indicating a gradual recovery driven by consumer spending and inbound demand, the company continues to mention uncertainty caused by the weaker yen, soaring raw material and energy prices and rising prices. - FY2025-Q1Recovery in consumer spending alongside persistent uncertainty over the outlookAnnual report
「As the economy continued to move beyond the COVID-19 pandemic, economic activity showed signs of a gradual recovery due to the recovery in consumer spending and stronger inbound demand. However, amid an unstable international situation, the outlook remained uncertain due to soaring raw material and energy prices resulting from the weaker yen and rising prices.」
While describing a recovery in economic activity driven by consumer spending and inbound demand, the company continues to mention uncertainty caused by the weaker yen, soaring raw material and energy prices and rising prices. - FY2024-Q3Continued economic recovery alongside persistent uncertainty over the outlookAnnual report
「During the cumulative third quarter, the Japanese economy showed signs of a gradual recovery in economic activity following the change in the classification of the novel coronavirus under the Infectious Diseases Act from Category 2 to Category 5, among other factors. However, amid an unstable international situation, the outlook remained uncertain due to soaring raw material and energy prices and rising prices.」
While continuing to describe a recovery in economic activity due to the change in the infectious disease classification and other factors, the company also mentions uncertainty caused by soaring raw material and energy prices and rising prices. - FY2024-Q2Change in infectious disease classification and economic recoveryAnnual report
「During the cumulative second quarter, the Japanese economy showed signs of a gradual recovery in economic activity following the lifting of restrictions on activity to prevent the spread of the novel coronavirus and the change in its classification under the Infectious Diseases Act from Category 2 to Category 5 in May 2023, among other factors.」
In addition to the recovery following the lifting of restrictions on activity, the company identifies the change in classification under the Infectious Diseases Act in May 2023 as a factor supporting the recovery in economic activity. - FY2024-Q1Recovery following the lifting of restrictions on activityAnnual report
「During the cumulative first quarter, the Japanese economy showed signs of a gradual recovery in economic activity after restrictions on activity to prevent the spread of the novel coronavirus were lifted. However, amid an unstable international situation, the outlook remained uncertain due to soaring raw material and energy prices and rising prices.」
While describing a recovery in economic activity following the lifting of restrictions on activity, the company also mentions uncertainty over the outlook due to soaring raw material and energy prices and rising prices. - FY2023SoftenedAnnual report
「During the consolidated fiscal year, the Japanese economy showed signs of recovery in economic activity due to the broader rollout of vaccinations and various measures, despite the continuing impact of the novel coronavirus. However, amid an unstable international situation, the outlook remained uncertain due to the renewed spread of the novel coronavirus caused by new variants, soaring crude oil prices and rising prices.」
A reference to signs of recovery in economic activity was added, moderating the previous depiction of an uniformly challenging environment. However, uncertainty remains due to renewed spread of infections, soaring crude oil prices and rising prices. - FY2022WorsenedAnnual report
「Although progress in vaccinations temporarily led to a substantial decline in infections and raised expectations for the normalization of economic activity, conditions remained extremely challenging due to renewed spread caused by new variants, weak consumer spending resulting from prolonged restrictions on social and economic activity, soaring crude oil prices and rising prices.」
In addition to weak consumer spending, the company continues to describe the challenging external environment, citing new variants, prolonged restrictions on activity, soaring crude oil prices and rising prices. - FY2022-Q3RestatedAnnual report
「Although the economy continued to be affected by the novel coronavirus, including through state of emergency declarations, economic recovery was recently expected due to the broader adoption of infection-control measures, the rising domestic vaccination rate and the practical application of therapeutic drugs. However, concerns about renewed spread caused by the emergence of new variants remained, and conditions continued to be extremely challenging.」
While expressing expectations for an economic recovery, the company continues to describe concerns about renewed spread caused by new variants and challenging economic conditions. - FY2022-Q2WorsenedAnnual report
「Although concerns about a delayed economic recovery continued as the spread of variants led to repeated state of emergency declarations and priority preventive measures, economic recovery was expected from October onward due to the lifting of the state of emergency declaration, the rising domestic vaccination rate and the broader adoption of infection-control measures, although the risk of a sixth wave remained.」
The company describes concerns about a delayed economic recovery due to the spread of variants and repeated state of emergency declarations and other measures. At the same time, it mentions expectations for an economic recovery from October onward and the risk of a sixth wave. - FY2021WorsenedAnnual report
「Following the lifting of the state of emergency declaration, there were signs of a partial recovery due to various government economic measures. However, as the decline in consumer spending persisted, the economy remained in a challenging environment.」
In addition to the previous weakness in consumer spending, the company states that the decline in consumer spending following the spread of the infectious disease has persisted for an extended period. - FY2021-Q3WorsenedAnnual report
「Subsequently, the number of people infected with the novel coronavirus began to rise again, reportedly marking the arrival of a third wave, and the outlook remained uncertain because the timing of the end of the outbreak could not be foreseen.」
In addition to the previous restrictions on economic activity and economic downturn, the company describes a renewed increase in infections and uncertainty over when the outbreak will end, indicating growing concerns about the consumer and economic environment. - FY2021-Q2RestatedAnnual report
「Economic activity was restricted, including through the issuance of a state of emergency declaration in response to the spread of the novel coronavirus, and the economy contracted sharply.」
The company continues to describe restrictions on economic activity and an economic downturn caused by state of emergency declarations and other measures in relation to weakness in consumer spending and the economy. - FY2021-Q1WorsenedAnnual report
「Amid growing concerns about an economic slowdown due to the impact of the consumption tax increase and trade friction, the global spread of the novel coronavirus brought economic activity to a standstill, creating an unprecedentedly challenging environment of economic and consumer stagnation.」
In addition to previously weak consumer spending, the company describes the stagnation of global economic activity and unprecedented consumer spending weakness resulting from the spread of the infectious disease. - FY2020-Q3RestatedAnnual report
「Amid weak consumer spending, partly due to the impact of the consumption tax increase, numerous factors, including rising labor costs and labor shortages, put pressure on corporate earnings, and a challenging business environment continued.」
The company continues to describe a challenging business environment caused by the impact of the consumption tax increase, weak consumer spending, rising labor costs and labor shortages. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter, the retail and service industries in which the company operates faced weak consumer spending, while numerous factors, including rising labor costs and labor shortages, put pressure on corporate earnings, and a challenging business environment continued.」
The company states that a challenging business environment caused by weak consumer spending, rising labor costs and labor shortages continues. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter, the retail and service industries in which the company operates faced weak consumer spending, while numerous factors, including rising labor costs and labor shortages, put pressure on corporate earnings, and a challenging business environment continued.」
The company states that a challenging business environment caused by weak consumer spending, rising labor costs and labor shortages continues. - FY2019WorsenedAnnual report
「With consumer spending lacking strength, numerous factors, including rising labor costs and labor shortages, are putting pressure on corporate earnings, and a challenging business environment continues.」
The description changed from the previous period's gradual recovery in consumer spending to a statement that consumer spending lacked strength in the current period. Rising labor costs and labor shortages are also cited as factors putting pressure on earnings. - FY2018RestatedAnnual report
「Consumer spending has shown a gradual recovery as corporate earnings recover, employment conditions improve and share prices rise. Meanwhile, labor shortages have emerged domestically, particularly in the retail and service industries」
While maintaining the previous reference to a gradual recovery in consumer spending, the company also mentions labor shortages and uncertainty in the international situation. - FY2018-Q3SoftenedAnnual report
「While consumer spending has shown a gradual recovery as corporate earnings recover, employment conditions improve and share prices rise, the economic outlook remains uncertain due to factors including stagnant wage growth and unstable U.S. policymaking.」
The description changed from the previous reference to sluggish household and consumer spending to a statement that consumer spending was showing a gradual recovery. However, uncertainty remained due to stagnant wage growth and other factors. - FY2017RestatedAnnual report
「Since the consumption tax increase, household and consumer spending have remained sluggish.」
The company continues to identify sluggish household and consumer spending as a concern affecting the business environment. - FY2017-Q3RestatedAnnual report
「Since the consumption tax increase, household and consumer spending have remained sluggish.」
The company states that household and consumer spending have remained sluggish since the consumption tax increase. - FY2017-Q2RestatedAnnual report
「Since the consumption tax increase, household and consumer spending have remained sluggish.」
The company states that household and consumer spending have remained sluggish since the consumption tax increase. - FY2017-Q1First statedAnnual report
「Since the consumption tax increase, household and consumer spending have remained sluggish.」
The company identifies the ongoing sluggishness in household and consumer spending since the consumption tax increase as a new external risk affecting the business environment.