Risk of stagnant domestic consumption due to Brexit, yen appreciation and falling stock prices
First written in FY2017-Q1. 5 of 15 entries say "Reframed", first in FY2017-Q2. Latest entry: FY2026.
Jaccs moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).
The whole theme swung hardest in 2020: 141 of 158 companies on the "Worse" side.
24 other companies' latest entry also says "Other".
- FY2026Uncertainty over consumption due to trade policy, the situation in the Middle East and policy interest ratesAnnual report
「The outlook for personal consumption remains uncertain due to developments in US trade policy, heightened tensions in the Middle East, and interest-rate increases by the Bank of Japan.」
The disclosure identifies US trade policy, the situation in the Middle East, and Bank of Japan interest-rate increases as factors contributing to uncertainty in the economic environment. - FY2026-H1Uncertainty over consumption due to US trade policy and high pricesAnnual report
「During the interim consolidated accounting period (1 April 2025 to 30 September 2025), the economy maintained a moderate recovery trend against a backdrop of improvements in employment and income conditions and the effects of various policies. However, the impact of US trade policy and high prices on personal consumption remains uncertain.」
The focus of the uncertainty surrounding the economic environment has shifted from yen depreciation and surging resource prices to the impact of US trade policy and high prices on personal consumption. - FY2023Uncertainty due to yen depreciation and surging resource pricesAnnual report
「However, the outlook remains uncertain due to the continued depreciation of the yen and surging resource prices, among other factors.」
The focus of the disclosure on economic-environment risks has broadened from restrictions on activities due to COVID-19 to uncertainty over the outlook caused by the depreciation of the yen and surging resource prices. - FY2023-Q1Uncertainty over the outlook due to rising pricesAnnual report
「While successive price increases for food, gasoline and other items have increased uncertainty over the outlook for card spending, personal consumption has gradually recovered as COVID-19 infections continued to trend downward, resulting in increases in transaction volume and operating revenue.」
For the domestic consumption environment, the disclosure identifies uncertainty over the outlook due to successive price increases for food and gasoline, in addition to the impact of the pandemic and other factors. It also notes the recovery in personal consumption. - FY2021-Q3RestatedAnnual report
「During the nine-month period ended [the relevant date], the credit business and housing-loan guarantees in the finance business remained steady despite the COVID-19 pandemic. However, the card and payment businesses were significantly affected by COVID-19, and domestic business volume declined year on year. Overseas, infections remained high, particularly in Indonesia and the Philippines, and business volume declined due to the impact of tighter restrictions.」
The impact of the COVID-19 pandemic on the domestic card and payments business and overseas operations continues. - FY2021-Q2MaterialisedAnnual report
「Operating results for the six-month period ended [the relevant date] were affected by COVID-19 in the domestic business, as well as by the decline in demand following the front-loading of purchases before the previous year's consumption tax increase, resulting in lower business volume. Overseas business was also significantly affected by COVID-19, with large-scale social restrictions imposed intermittently, although conditions varied by country, resulting in lower business volume.」
COVID-19 and the decline in demand following the front-loading of purchases before the previous year's consumption tax increase materialized as lower domestic business volume, while social restrictions also reduced business volume overseas. - FY2021-Q1MaterialisedAnnual report
「The impact began to emerge in domestic business volume in March and intensified in April, when a state of emergency was declared. May was the most severely affected month, and standalone business volume declined year on year. In June, as economic activity gradually resumed, some businesses, including the credit and card businesses, began to show signs of recovery, narrowing the year-on-year decline in standalone business volume.」
The impact of COVID-19 and the state of emergency on domestic consumption and business volume materialized as declines in April and May and signs of recovery in June. - FY2020MaterialisedAnnual report
「However, in the fourth quarter, the spread of COVID-19 caused business volume in March alone to decline year on year.」
The impact of the spread of COVID-19 materialized in actual results as a decline in business volume in March alone. - FY2020-Q3MaterialisedAnnual report
「The operating results for the nine-month period ended [the relevant date] slowed slightly compared with the second quarter due to the decline in demand following the front-loading of purchases before the consumption tax increase in October 2019, although」
One of the previous risks related to domestic consumption and the economic environment, the decline in demand following the front-loading of purchases before the consumption tax increase, is described as having materialized in the form of an actual slowdown in results. - FY2018-Q3ReframedAnnual report
「During the nine-month period ended [the relevant date], Japan's economy entered a moderate recovery trend as corporate performance and employment and income conditions improved, supported by various government economic measures and the Bank of Japan's monetary easing. Meanwhile, the outlook remained uncertain amid the normalization of U.S. monetary policy, political turmoil in the United States and Europe, and rising geopolitical risks.」
While indicating a domestic recovery trend, the disclosure identifies normalization of U.S. monetary policy, political turmoil in the United States and Europe, and geopolitical risks as factors contributing to uncertainty in the economic environment. - FY2018-Q2ReframedAnnual report
「During the six-month period ended [the relevant date], Japan's economy remained on a moderate recovery trend, supported by steady corporate performance and improvements in employment and income conditions. Overseas, however, the outlook remained uncertain due to expectations of U.S. interest-rate hikes and geopolitical risks surrounding North Korea.」
Regarding uncertainty in the economic environment, the focus has shifted from domestic consumption and Brexit to overseas factors, including expectations of U.S. interest-rate hikes and geopolitical risks surrounding North Korea. - FY2018-Q1ReframedAnnual report
「During the three-month period ended [the relevant date], Japan's economy remained on a moderate recovery trend, with improvements in employment and income conditions amid steady corporate performance. Meanwhile, the outlook remained uncertain due to growing uncertainty in overseas economies.」
The focus has shifted from domestic consumption and Brexit to uncertainty in overseas economies and an uncertain outlook. - FY2017-Q3ReframedAnnual report
「During the nine-month period ended [the relevant date], Japan's economy saw some weakness in personal consumption, but employment improved, as reflected in the rising job-offers-to-applicants ratio and the persistently low unemployment rate, and the economy showed a moderate recovery. Meanwhile, although the yen temporarily weakened and share prices rose after the U.S. presidential election ended, the outlook remains uncertain due to the election's uncertainty.」
The focus has shifted from stagnant domestic consumption and Brexit to uncertainty in the economic environment, including weak personal consumption and uncertainty following the U.S. presidential election. - FY2017-Q2ReframedAnnual report
「The environment surrounding our Group is becoming increasingly competitive as cashless payments advance through the expansion of the e-commerce market, the spread of prepaid cards and the introduction of contactless payments, while more companies from other industries enter the market.」
The focus has broadened from Brexit, yen appreciation and falling share prices as factors behind stagnant domestic consumption to uncertainty in the business environment and intensifying competition, including reduced inbound consumption, consumers' increasing preference for saving, e-commerce and cashless payments, and entry by companies from other industries. - FY2017-Q1First statedAnnual report
「Although a further postponement of the consumption tax increase is expected to be accompanied by economic measures from the government, concerns remain over an uncertain outlook due to the UK's EU withdrawal issue, deterioration in the performance of domestic companies caused by the rapid appreciation of the yen and decline in share prices, and stagnant consumption.」
The deterioration in domestic corporate performance and stagnant consumption resulting from Brexit, yen appreciation and falling share prices are identified as concerns.