Deteriorating Consumer Sentiment from the Consumption Tax Increase and Uncertainty About the Domestic Economic Outlook
First written in FY2020-Q1. 3 of 7 entries say "Worsened", first in FY2020-Q3. Latest entry: FY2021-Q3.
Mani 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 2026: 4 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Softened".
- FY2021-Q3SoftenedAnnual report
「Although a recovery in business sentiment, including consumer activity, was expected in the domestic economy, uncertainty about the outlook continued due to intermittent restrictions on economic activity and other factors resulting from the novel coronavirus disease (COVID-19).」
The disclosure indicates expectations for a recovery in business sentiment while citing intermittent restrictions on economic activity caused by COVID-19 and uncertainty about the outlook. The wording has been softened from “extremely challenging conditions” in the previous quarter. - FY2021-Q2WorsenedAnnual report
「In the Japanese economy as well, the re-expansion of the COVID-19 outbreak led to declarations of a state of emergency being issued in some prefectures, restricting corporate and consumer activity, among other activities, and conditions remained extremely challenging.」
The disclosure newly cites the re-expansion of the COVID-19 outbreak, declarations of a state of emergency, and restrictions on corporate and consumer activity, describing the domestic economy as being in an extremely challenging situation. - FY2021-Q1RestatedAnnual report
「In the Japanese economy as well, expectations for progress in economic activity following the formation of the Suga Cabinet and positive assessments of corporate earnings were evident, but economic activity was sharply depressed in the near term by the impact of the novel coronavirus disease (COVID-19), and conditions remained difficult.」
The disclosure continues to cite the downward pressure on the domestic economy from COVID-19 and the difficult conditions. - FY2020WorsenedAnnual report
「In the Japanese economy as well, economic activity was sharply depressed in the near term by the impact of the novel coronavirus disease (COVID-19), leaving the economy facing difficult conditions.」
In addition to uncertainty about the outlook caused by the consumption tax increase, the disclosure describes the domestic economy as facing difficult conditions after COVID-19 sharply depressed economic activity. - FY2020-Q3WorsenedAnnual report
「In the domestic economy as well, in addition to deterioration in business sentiment caused by the consumption tax increase, economic activity was sharply depressed in the near term by the impact of the novel coronavirus disease (COVID-19), resulting in an extremely challenging situation.」
The disclosure describes the domestic economy as being in an extremely challenging situation, with COVID-19 sharply depressing economic activity, in addition to the previous deterioration in consumer sentiment caused by the consumption tax increase. - FY2020-Q2RestatedAnnual report
「The domestic economy also remained in an uncertain position, although employment conditions and the income environment improved as corporate earnings expanded, partly due to the impact of deterioration in consumer sentiment caused by the consumption tax increase.」
The disclosure continues to cite deterioration in consumer sentiment caused by the consumption tax increase and uncertainty about the outlook for the domestic economy. - FY2020-Q1First statedAnnual report
「Meanwhile, although the domestic economy was generally on a moderate recovery trend as employment conditions and the income environment improved on the back of stronger corporate performance, the outlook became uncertain partly because of the impact of deteriorating consumer sentiment following the consumption tax increase.」
The disclosure continues to cite recovery factors for the domestic economy while identifying deterioration in consumer sentiment caused by the consumption tax increase and uncertainty about the outlook as new external risks.