Weakness in Some Areas of Personal Consumption and Corporate Earnings
First written in FY2016-Q3. 11 of 27 entries say "Worsened", first in FY2020-Q1. Latest entry: FY2026-H1.
The whole theme swung hardest in 2022: 131 of 176 companies on the "Worse" side.
- FY2026-H1MitigatedAnnual report
「In Japan, personal consumption increased, partly due to the effects of government measures to address higher prices, and the economy showed a gradual recovery. However, the effects of higher prices and geopolitical risks are expected to weigh on the outlook.」
In contrast to the previous weakness in personal consumption caused by higher prices, the filing described an increase in personal consumption and an economic recovery supported by government measures to address higher prices. Concerns over downside risks remained, however. - FY2024MitigatedAnnual report
「In Japan, the economy showed signs of a recovery, including robust inbound demand and an improvement in personal consumption.」
In contrast to the previous weakness in personal consumption, the filing described robust inbound demand and an improvement in personal consumption. - FY2024-Q1RestatedAnnual report
「The global economy slowed moderately due to weaker consumption caused by worldwide inflation and monetary tightening and a decline in China's real estate-related industries.」
While weak consumption caused by inflation and monetary tightening and the slowdown in China's economy continued, the filing also described a recovery in services consumption in Japan, indicating that weakness and recovery coexisted. - FY2023WorsenedAnnual report
「In Japan, the economy is recovering as economic activity normalizes with the decline in infection risks and inbound demand recovers. However, the pace of recovery has remained gradual due to weakening personal consumption caused by higher prices and stagnant exports.」
Although economic activity normalized and inbound demand recovered, weakening personal consumption caused by higher prices and stagnant exports were explicitly identified as weaknesses in the domestic economy. - FY2023-Q2WorsenedAnnual report
「During the first six months of the current consolidated fiscal year, the global economy slowed moderately due to worldwide inflation and monetary tightening.」
The slowdown in the global economy caused by worldwide inflation and monetary tightening was explicitly identified as the economic environment during the quarter. - FY2023-Q1WorsenedAnnual report
「The global economy slowed moderately due to weaker consumption caused by worldwide inflation and monetary tightening, as well as the renewed spread of COVID-19 infections in China.」
The filing explicitly indicated weaker consumption caused by worldwide inflation and monetary tightening, clarifying the weakness of the consumption environment. - FY2022WorsenedAnnual report
「In addition to higher import costs caused by the weaker yen, prices of food and durable consumer goods rose, raising concerns that deteriorating consumer sentiment would lead to restrained spending.」
The deterioration in consumer sentiment and concerns over restrained spending caused by higher prices resulting from the weaker yen materialized as weakness in domestic consumption. - FY2022-Q3WorsenedAnnual report
「Concerns have arisen that deteriorating consumer sentiment could lead to restrained spending.」
In addition to the previous weakness in personal consumption and corporate earnings, the filing explicitly indicated deteriorating consumer sentiment and concerns over restrained spending due to higher prices caused by the weaker yen. - FY2021-Q3WorsenedAnnual report
「During the first nine months of the current consolidated fiscal year, an economic recovery was seen temporarily in the United States, where vaccination was progressing, and China, which had succeeded in containing the spread of infections. However, concerns over a slowdown intensified as the highly transmissible Delta variant spread. In Southeast Asia and Japan, where vaccination was delayed, the recovery remained weak as movement and economic activity were restricted.」
Although a recovery was seen temporarily in the United States and China, the filing explicitly indicated growing concerns over a slowdown caused by the spread of the Delta variant and a weak recovery caused by activity restrictions in Southeast Asia and Japan. - FY2021-Q2WorsenedAnnual report
「During the first six months of the current consolidated fiscal year, the global economy remained in a weak recovery state. The recovery accelerated in the United States, where vaccination was progressing, and in China, which had succeeded in containing the spread of infections, while movement and economic activity remained restricted in Southeast Asia and Japan.」
Although the recovery accelerated in the United States and China, restrictions on movement and economic activity continued in Southeast Asia and Japan, explicitly indicating the weakness of the recovery. - FY2021-Q1WorsenedAnnual report
「China, which had succeeded in containing the spread of infections, recovered to pre-COVID-19 GDP levels and remained on an expansionary trend. In Japan and the United States and Europe, however, conditions remained uncertain as restrictions on movement and economic activity were reintroduced.」
Outside China, restrictions on movement and economic activity were reintroduced, once again highlighting the weakness of economic activity in Japan and overseas and the uncertainty over the outlook. - FY2020WorsenedAnnual report
「Although China had recovered to pre-COVID-19 GDP levels, conditions remained uncertain, including in Japan and the United States and Europe, due to the accelerating spread of infections and deteriorating employment and income conditions.」
In addition to the spread of infections in Japan and overseas, the deterioration in employment and income conditions was explicitly stated, clarifying the weakness of the economic environment. - FY2020-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, the Japanese economy was in a difficult situation. Although the employment environment and corporate earnings initially recovered gradually, economic conditions subsequently deteriorated rapidly due to the global spread of COVID-19.」
The situation continued to shift from a recovery in the employment environment and other areas to a rapid deterioration in economic conditions caused by the spread of COVID-19. - FY2020-Q2WorsenedAnnual report
「During the first six months of the current consolidated fiscal year, the Japanese economy was in a difficult situation. Although the employment environment and corporate earnings were on a gradual recovery trend during the first half, economic conditions deteriorated rapidly in the second half due to the global spread of COVID-19.」
The situation changed from some weakness in the domestic economy to a rapid deterioration in economic conditions caused by the spread of COVID-19. - FY2020-Q1WorsenedAnnual report
「During the first three months of the current consolidated fiscal year, the Japanese economy was on a gradual recovery trend. Although the employment environment was improving, some weakness was seen in corporate earnings and capital investment.」
The filing newly specified some weakness in corporate earnings and capital investment while acknowledging an improvement in the employment environment. - FY2019-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, the Japanese economy was on a gradual recovery trend, with corporate earnings and the employment environment on an improving trend and signs of an increase in capital investment and a recovery in personal consumption.」
The view continued that the domestic economy was recovering gradually through improvements in corporate earnings and the employment environment, an increase in capital investment and a recovery in personal consumption. - FY2019-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, the Japanese economy was on a gradual recovery trend, with corporate earnings and the employment environment on an improving trend and signs of an increase in capital investment and a recovery in personal consumption.」
The view continued that the economy was recovering gradually through improvements in corporate earnings and the employment environment, an increase in capital investment and a recovery in personal consumption. - FY2019-Q1SoftenedAnnual report
「During the first three months of the current consolidated fiscal year, the Japanese economy was on a gradual recovery trend, with corporate earnings and the employment environment on an improving trend and signs of an increase in capital investment and a recovery in personal consumption.」
The description changed from the previous wording indicating weakness in personal consumption to an explanation that personal consumption was also showing signs of a recovery. - FY2018SoftenedAnnual report
「During the current consolidated fiscal year, the Japanese economy was on a gradual recovery trend, with corporate earnings and the employment environment on an improving trend and signs of an increase in capital investment.」
The previous wording indicating weakness in personal consumption and corporate earnings was absent, while the filing described a gradual recovery driven by improvements in corporate earnings and the employment environment and an increase in capital investment. - FY2018-Q2SoftenedAnnual report
「During the first six months of the current consolidated fiscal year, the Japanese economy was on a gradual recovery trend, with corporate earnings and the employment environment on an improving trend and signs of an increase in capital investment.」
The filing indicated improvements in corporate earnings and the employment environment and an increase in capital investment, and did not include wording indicating weakness in personal consumption or certain areas of corporate earnings. - FY2018-Q1RestatedAnnual report
「During the first three months of the current consolidated fiscal year, the Japanese economy was on a gradual recovery trend, with corporate earnings and the employment environment on an improving trend and signs of an increase in capital investment.」
The view was reiterated that the domestic economy was recovering gradually through improvements in corporate earnings and the employment environment and an increase in capital investment. - FY2017RestatedAnnual report
「During the current consolidated fiscal year, the Japanese economy was on a gradual recovery trend, with corporate earnings and the employment environment on an improving trend and signs of a recovery in personal consumption and capital investment.」
The view was maintained that the economy was recovering gradually through improvements in corporate earnings and the employment environment and a recovery in personal consumption and capital investment. - FY2017-Q3SoftenedAnnual report
「During the first nine months of the current consolidated fiscal year, the Japanese economy was on a gradual recovery trend, with corporate earnings and the employment environment on an improving trend and signs of a recovery in personal consumption and capital investment.」
The filing described a recovery in personal consumption and capital investment and improvements in corporate earnings and the employment environment, while wording indicating weakness through the previous quarter receded further. - FY2017-Q2SoftenedAnnual report
「During the first six months of the current consolidated fiscal year, the Japanese economy was on a gradual recovery trend, with signs of a recovery in personal consumption and capital investment, while corporate earnings and the employment environment were on an improving trend.」
The wording changed from the previous description of weakness in some areas of personal consumption and corporate earnings to wording indicating a recovery in personal consumption and capital investment and improvements in corporate earnings and the employment environment. - FY2017-Q1RestatedAnnual report
「During the first three months of the current consolidated fiscal year, the Japanese economy was on a gradual recovery trend. Although some weakness was seen in personal consumption, corporate earnings and capital investment showed signs of a recovery, while the employment environment was on an improving trend.」
The view that the domestic economy was on a gradual recovery trend, despite some weakness in personal consumption, remained unchanged. - FY2016RestatedAnnual report
「During the current consolidated fiscal year, the Japanese economy showed signs of a recovery despite some remaining weakness in personal consumption and corporate earnings, while the employment environment was on an improving trend, resulting in a gradual recovery trend overall.」
The full-year view remained that the economy was on a gradual recovery trend, supported by improvements in the employment environment, despite some remaining weakness in personal consumption and corporate earnings. - FY2016-Q3First statedAnnual report
「During the first nine months of the current consolidated fiscal year, the Japanese economy was on a gradual recovery trend. Although some weakness was seen in personal consumption and corporate earnings, signs of a recovery were seen in the employment environment and corporate capital investment.」
The domestic economy is described for the first time as being in a structural situation in which some weakness in personal consumption and corporate earnings remains despite the recovery trend.