Fluctuations in Work Volumes Driven by Economic and Consumption Trends
First written in FY2016. 6 of 19 entries say "Worsened", first in FY2025-H1. Latest entry: 2026-08-12.
The whole theme swung hardest in 2022: 131 of 176 companies on the "Worse" side.
- 2026-08-12WorsenedEarnings
「At the same time, various geopolitical risks, including deteriorating Japan-China relations and heightened tensions in the Middle East, have been increasing, and the outlook therefore remains uncertain.」
Deteriorating Japan-China relations and heightened tensions in the Middle East were cited as factors increasing uncertainty about the outlook. - FY2026WorsenedAnnual report
「The outlook remains uncertain as various changes in the environment overlap, including continued inflation caused by the persistent weakness of the yen and chronic labor shortages, sluggish personal consumption, higher U.S. import tariffs, and heightened geopolitical risks arising from Japan-China relations and the situation in the Middle East, affecting energy and resource prices and supply chains.」
In addition to sluggish personal consumption, rising prices, labor shortages and U.S. tariffs, the disclosure newly identifies geopolitical risks arising from Japan-China relations and the situation in the Middle East as factors contributing to uncertainty in the economic environment. - FY2026-H1RestatedAnnual report
「While Japan's economy during the interim consolidated accounting period showed signs of sustained high inbound demand and wage increases, particularly among large companies, the outlook remained uncertain as various changes in the economic environment overlapped, including continued inflation caused by the persistent weakness of the yen and chronic labor shortages, sluggish personal consumption, and higher U.S. import tariffs.」
The disclosure states that uncertainty over the outlook continues due to sluggish personal consumption, rising prices, labor shortages, the weaker yen and higher U.S. import tariffs. It also states that there have been no material changes to the business and other risks themselves. - FY2025WorsenedAnnual report
「While Japan's economy during the consolidated fiscal year showed signs of expanding inbound demand and substantial wage increases, particularly among large companies, the outlook remained uncertain due to continued inflation caused by the persistent weakness of the yen and chronic labor shortages, sluggish personal consumption resulting from changes in consumer behavior, and changes in economic conditions caused by higher U.S. import tariffs.」
In addition to sluggish personal consumption, rising prices and labor shortages, changes in economic conditions caused by higher U.S. import tariffs were added as an external factor in the risk of changes in business volumes. - FY2025-H1WorsenedAnnual report
「While Japan's economy during the interim consolidated accounting period showed signs of expanding inbound demand and substantial wage increases, particularly among large companies, the outlook remained uncertain due to continued inflation caused by the weaker yen and chronic labor shortages, as well as sluggish personal consumption resulting from changes in consumer behavior.」
The disclosure describes an uncertain economic environment, including sluggish personal consumption and rising prices, again highlighting these external factors as risks to changes in business volumes due to economic and consumer trends. - FY2023-Q3MitigatedAnnual report
「Revenue was ¥39.801 billion, up 2.0% year on year, due to increased handling volumes of food products and mail-order goods in the daily-life-related business and temperature-controlled cargo in the food-related business.」
Increased handling volumes of food products, mail-order goods and temperature-controlled cargo partially mitigated the impact of the risk associated with changes in business volumes due to economic and consumer trends. - FY2023-Q1MitigatedAnnual report
「Revenue was ¥12.826 billion, up 1.8% year on year, mainly due to increased handling volumes of food products and mail-order goods.」
Increased handling volumes of food products and mail-order goods in domestic logistics partially mitigated the impact of the risk associated with changes in business volumes due to economic and consumer trends. - FY2022-Q3MitigatedAnnual report
「As handling volumes that had declined due to the impact of COVID-19 recovered, revenue was ¥39.021 billion, up 0.6% year on year.」
Domestic logistics handling volumes, which had declined due to the slowdown in economic activity caused by COVID-19, recovered, partially mitigating the impact of the risk associated with changes in business volumes. - FY2021-Q3MaterialisedAnnual report
「Logistics handling volumes declined as economic activity slowed due to temporary store closures and event cancellations resulting from the continuing impact of COVID-19.」
The slowdown in economic activity caused by COVID-19 continues to materialize as a decline in logistics handling volumes. - FY2021-Q1MaterialisedAnnual report
「Logistics handling volumes have declined as economic activity has slowed due to temporary store closures and event cancellations resulting from the continuing impact of COVID-19.」
The risk of changes in business volumes due to economic and consumer trends materialized as a decline in domestic logistics handling volumes caused by store closures and event cancellations associated with COVID-19. - FY2020RestatedAnnual report
「In general, although the volume of outsourcing-related operations handled tends to decline when economic conditions and consumer spending are weak, demand for outsourcing may increase as companies seek to improve operating efficiency and reduce costs amid weak business performance,」
The disclosure continues to describe both the decline in business volumes due to weak economic conditions and consumer spending and the increase in demand for outsourcing aimed at improving efficiency and reducing costs. - FY2018RestatedAnnual report
「In general, although the volume of outsourcing-related operations handled tends to decline when economic conditions and consumer spending are weak, demand for outsourcing may increase as companies seek to improve operating efficiency and reduce costs amid weak business performance.」
The disclosure continues to describe both the decline in business volumes due to weak economic conditions and consumer spending and the increase in demand for outsourcing aimed at improving efficiency. - FY2018-Q2MitigatedAnnual report
「Although cargo volumes related to consumer spending recovered as personal consumption improved,」
The recovery in consumer-related cargo volumes due to improved personal consumption partially eased the risk of lower business volumes caused by previously weak personal consumption. The disclosure also notes a decline in operations handling alcoholic beverages and other products in the food sector due to adverse weather and market contraction. - FY2017-Q3MaterialisedAnnual report
「However, as the prolonged weakness in domestic personal consumption reduced operations handling apparel products, together with the withdrawal from unprofitable operations, revenue was ¥37.496 billion, down 1.8% year on year.」
The continuing decline in operations handling apparel products due to prolonged weakness in domestic personal consumption is reflected in lower revenue in the domestic logistics business. - FY2017-Q2MaterialisedAnnual report
「However, due to weak domestic personal consumption, which reduced operations handling apparel products, and the withdrawal from some unprofitable operations, revenue was approximately in line with the previous year at ¥24.574 billion, up 0.4% year on year.」
The decline in operations handling apparel products due to weak personal consumption continues to be reflected in the domestic logistics business. - FY2017-Q1MaterialisedAnnual report
「As operations handling apparel products declined due to prolonged weakness in personal consumption, revenue was approximately in line with the previous year at ¥11.986 billion, up 0.1% year on year.」
The decline in operations handled due to weak personal consumption is reflected in the performance of the domestic logistics business. - FY2016First statedAnnual report
「In general, the volume of outsourcing-related operations handled tends to decline when economic conditions and consumer spending are weak.」
While outsourcing volumes decline amid weak economic conditions and consumer spending, the disclosure also notes that demand for outsourcing may increase to improve efficiency and reduce costs.