Overseas Economic Trends and Weakness in Consumer Spending and Corporate Earnings
First written in FY2017-Q2. 28 of 37 entries say "Reframed", first in FY2017-Q3. Latest entry: FY2027-H1.
Kin-Ei Corp. 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.
34 other companies' latest entry also says "Reframed".
- FY2027-H1ReframedAnnual report
「During the interim accounting period under review, the economy remained on a moderate recovery trend, with personal consumption and capital investment showing signs of recovery against a backdrop of improved employment and income conditions. Looking ahead, the outlook was expected to remain uncertain due to the effects of increasing instability in international affairs, rising prices and interest-rate volatility.」
The description shifted from references to a downturn in overseas economies and other previous wording to identifying increasing instability in international affairs, rising prices and interest-rate volatility as concerns for the outlook, while noting the recovery in employment and income conditions, personal consumption and capital investment. - FY2026-H1ReframedAnnual report
「During the interim accounting period under review, the economy remained on a moderate recovery trend as employment and income conditions improved, corporate earnings improved and capital investment showed signs of recovery. However, continued attention was required regarding the effects of rising prices and volatility in financial and capital markets, while concerns remained over downside risks to overseas economies from political instability abroad and the effects of U.S. trade policy, leaving the outlook uncertain.」
The description notes improvements in corporate earnings and capital investment, while replacing the previous reference to slower growth in China with concerns over a downturn in overseas economies caused by political instability abroad and the effects of U.S. trade policy. - FY2025ReframedAnnual report
「During the fiscal year under review, the economy remained on a moderate recovery trend as income and employment conditions improved, corporate earnings improved moderately and personal consumption showed signs of recovery. However, concerns remained over downside risks to the economy from rising prices, volatility in financial and capital markets and a downturn in overseas economies, and the outlook continued to be uncertain.」
The description notes improvements in employment and income, corporate earnings and personal consumption, while identifying rising prices, volatility in financial and capital markets and a downturn in overseas economies as downside risks to the economy. - FY2025-H1ReframedAnnual report
「During the interim accounting period under review, the economy remained on a moderate recovery trend as employment and income conditions improved, corporate earnings improved moderately and capital investment showed signs of recovery. However, continued attention was required regarding the effects of rising prices and volatility in financial and capital markets, while concerns remained over downside risks to overseas economies from political instability abroad and slower growth in China, leaving the outlook uncertain.」
The description notes improvements in employment and income conditions, corporate earnings and capital investment and an economic recovery, while identifying rising prices, volatility in financial and capital markets, political instability abroad and a downturn in overseas economies caused by slower growth in China as concerns. - FY2025-Q1ReframedAnnual report
「During the cumulative first quarter under review, the economy recovered moderately as employment and income conditions improved, although some weakness remained. Going forward, the effects of global monetary tightening and a downturn in overseas economies posed downside risks to the economy, while the effects of rising prices, overseas conditions and volatility in financial and capital markets also required attention.」
The description notes improvements in employment and income conditions and a moderate economic recovery, while identifying some economic weakness, global monetary tightening, a downturn in overseas economies, rising prices, overseas conditions and volatility in financial and capital markets as concerns for the outlook. - FY2024ReframedAnnual report
「During the fiscal year under review, the Japanese economy remained on a moderate recovery trend. Corporate earnings generally improved and personal consumption showed signs of recovery. However, the outlook remained a concern, as a downturn in overseas economies resulting from the effects of global monetary tightening could pose a downside risk to the domestic economy, while the effects of rising prices, overseas conditions and volatility in financial and capital markets were also a concern.」
The description notes improvements in corporate earnings and personal consumption and an economic recovery, while identifying global monetary tightening, a downturn in overseas economies, rising prices, overseas conditions and volatility in financial and capital markets as concerns. - FY2024-Q3ReframedAnnual report
「During the cumulative third quarter under review, personal consumption recovered and corporate earnings generally improved. Although the effects of a downturn in overseas economies, rising prices, overseas conditions and volatility in financial and capital markets remained a concern, the economy recovered moderately as employment and income conditions improved.」
The description notes improvements in personal consumption, corporate earnings, and employment and income conditions, while identifying a downturn in overseas economies, rising prices, overseas conditions and volatility in financial and capital markets as concerns. - FY2024-Q2ReframedAnnual report
「During the cumulative second quarter under review, personal consumption recovered and corporate earnings generally improved moderately. Although the effects of a downturn in overseas economies, rising prices and volatility in financial and capital markets remained a concern, the economy recovered moderately as employment and income conditions improved.」
The description notes improvements in personal consumption, corporate earnings, and employment and income conditions, as well as an economic recovery, while identifying a downturn in overseas economies, rising prices and volatility in financial and capital markets as concerns. - FY2024-Q1ReframedAnnual report
「During the cumulative first quarter under review, personal consumption gradually recovered and corporate earnings generally improved. However, amid concerns over downside risks to the economy from rising prices, supply constraints, volatility in financial and capital markets and a downturn in overseas economies, the economy remained on a moderate recovery trend under the new normal, supported in part by the effects of various government policies.」
The description notes improvements in personal consumption and corporate earnings and an economic recovery trend, while identifying rising prices, supply constraints, volatility in financial and capital markets and a downturn in overseas economies as downside risks. - FY2023RestatedAnnual report
「As socioeconomic activity gradually normalised following the COVID-19 pandemic, the economy continued to recover moderately. At the same time, the economic environment remained uncertain, with concerns over downside risks including rising prices, particularly for energy, supply constraints and volatility in financial and capital markets.」
The description continues to note the normalisation of socioeconomic activity and an economic recovery, while identifying rising prices, supply constraints and volatility in financial and capital markets as downside risks. - FY2023-Q3ReframedAnnual report
「While the spread of COVID-19 remained unpredictable, the economy showed signs of a gradual recovery amid various measures aimed at living with COVID-19. However, the outlook remained uncertain due to the effects of rising prices, supply constraints and volatility in financial and capital markets.」
The description notes signs of a gradual economic recovery despite the pandemic, while identifying rising prices, supply constraints and volatility in financial and capital markets as factors contributing to an uncertain outlook. - FY2023-Q2ReframedAnnual report
「During the cumulative second quarter under review, the Japanese economy showed signs of recovery, but by the end of the period new COVID-19 cases had surged, while downside risks including higher raw-material prices and supply constraints increased.」
The description was updated to indicate signs of an economic recovery, while identifying the surge in new cases, rising raw-material prices and supply constraints as downside factors. - FY2023-Q1ReframedAnnual report
「During the cumulative first quarter under review, the Japanese economy showed a gradual easing of the difficult conditions caused by COVID-19, but remained subject to increasing downside risks, including uncertainty arising from the situation in Ukraine, higher raw-material prices and supply constraints.」
While the difficult economic conditions caused by COVID-19 gradually eased, the situation in Ukraine, rising raw-material prices and supply constraints were identified as new downside factors. - FY2022RestatedAnnual report
「During the fiscal year under review, the Japanese economy remained significantly affected by COVID-19. Although signs of a recovery were evident, conditions such as personal consumption remained challenging.」
The description of the economic environment continues to note the ongoing impact of COVID-19 and the difficult conditions facing personal consumption and other areas. - FY2022-Q3SoftenedAnnual report
「During the nine-month period ended this third quarter, Japan’s economy remained in a difficult situation, although infections involving COVID-19 variants spread rapidly and began to subside toward the end of the period.」
The disclosure noted the rapid spread of infections involving variants but also indicated that infections began to subside toward the end of the period, partly softening the previous quarter’s wording of “extremely difficult” conditions and “surging numbers of new cases and seriously ill patients.” - FY2022-Q2WorsenedAnnual report
「During the six-month period ended this second quarter, Japan’s economy remained in an extremely difficult situation as the impact of COVID-19 continued to be substantial, with infections involving variants spreading and the numbers of new cases and seriously ill patients surging, particularly toward the end of the period.」
While the impact of COVID-19 continued, the disclosure added the spread of infections involving variants and sharp increases in new cases and seriously ill patients, describing the economic environment as extremely difficult. The risk had materialized as an actual deterioration in the economic environment. - FY2022-Q1WorsenedAnnual report
「During the three-month period ended this first quarter, Japan’s economy remained in an extremely difficult situation as the impact of COVID-19 continued to be substantial, with infections involving variants spreading rapidly, particularly toward the end of the period.」
The disclosure described the economic environment as extremely difficult, as the impact of COVID-19 remained substantial and infections involving variants spread rapidly. - FY2021-Q3SoftenedAnnual report
「The economy deteriorated rapidly due to the impact of COVID-19 and remained in a difficult situation, although signs of recovery emerged toward the end of the period.」
Unlike the extremely serious economic deterioration described in the previous quarter, the disclosure noted signs of recovery toward the end of the period while characterizing conditions as still difficult. - FY2021-Q2WorsenedAnnual report
「During the six-month period ended this second quarter, Japan’s economy deteriorated rapidly due to the impact of COVID-19 and remained in an extremely serious situation, including the sharpest negative growth since the end of World War II.」
Following the previous quarter, the disclosure described economic deterioration caused by COVID-19, with stronger wording referring to “the sharpest negative growth since the end of World War II” and “an extremely serious situation.” - FY2021-Q1WorsenedAnnual report
「During the three-month period ended this first quarter, Japan’s economy deteriorated rapidly due to the impact of COVID-19 and remained in an extremely difficult situation.」
Due to the impact of COVID-19, the economic environment changed from the previous path of gradual recovery to rapid deterioration and an extremely difficult situation. - FY2020ReframedAnnual report
「During the fiscal year, Japan’s economy generally followed a path of gradual recovery, with personal consumption continuing to recover on improved employment conditions, although exports were sluggish and weakness was seen in some areas, while concerns including developments in trade issues and the impact of the consumption tax rate increase remained.」
The description noted gradual recovery driven by improvements in employment and personal consumption, while identifying sluggish exports, trade issues and the impact of the consumption tax rate increase as concerns. - FY2020-Q3ReframedAnnual report
「During the nine-month period ended this third quarter, Japan’s economy continued along a path of gradual recovery, with personal consumption gradually recovering against a backdrop of improved employment and income conditions, although concerns including natural disasters such as typhoons and heavy rain, as well as the consumption tax increase, left the outlook unstable.」
The description indicated improvements in employment and income conditions and a recovery in personal consumption, while identifying natural disasters and the consumption tax increase as new concerns and noting instability in the outlook. - FY2020-Q2ReframedAnnual report
「During the six-month period ended this second quarter, Japan’s economy generally followed a path of gradual recovery, with exports sluggish due to the impact of trade issues and the global economy, while personal consumption continued to recover on improved employment conditions and capital investment maintained an upward trend except in some areas.」
The economic environment description was updated to indicate sluggish exports due to trade issues and the global economy, while citing a recovery in personal consumption and an upward trend in capital investment. - FY2020-Q1ReframedAnnual report
「During the three-month period ended this first quarter, Japan’s economy remained relatively firm, with personal consumption maintaining a gradual recovery on the back of improved employment and income conditions, although the economy showed signs of stagnation.」
The economic environment description was updated to indicate signs of stagnation while citing improvements in employment and income conditions and a gradual recovery in personal consumption. - FY2019ReframedAnnual report
「During the fiscal year, Japan’s economy generally followed a path of gradual recovery, with personal consumption recovering on improved employment conditions and capital investment also increasing, although concerns including developments in trade issues and uncertainty in overseas economies remained.」
The description indicated a recovery driven by improvements in personal consumption and capital investment, while identifying trade issues and uncertainty in overseas economies as concerns. - FY2019-Q3ReframedAnnual report
「During the nine-month period ended this third quarter, Japan’s economy continued along a path of gradual recovery as corporate earnings and employment conditions improved, although concerns including developments in trade issues left the outlook uncertain.」
The description indicated a recovery driven by improvements in corporate earnings and employment conditions, while noting trade issues as a concern and uncertainty about the outlook. - FY2019-Q2ReframedAnnual report
「During the six-month period ended this second quarter, Japan’s economy generally followed a path of gradual recovery, with personal consumption recovering after a temporary slowdown and capital investment also increasing, although concerns including developments in trade issues left the outlook uncertain.」
The description changed to indicate a recovery in personal consumption and capital investment while identifying trade issues as a new concern and expressing uncertainty about the outlook. - FY2019-Q1ReframedAnnual report
「During the three-month period ended this first quarter, Japan’s economy continued along a path of gradual recovery, with income recovering moderately and personal consumption showing signs of recovery.」
The economic environment was described as being on a path of gradual recovery, citing income recovery and a rebound in personal consumption. - FY2018ReframedAnnual report
「During the fiscal year, Japan’s economy continued along a path of gradual recovery throughout the period, with personal consumption recovering on improved employment conditions and capital investment continuing to increase steadily.」
The recovery was described more positively, citing improvements in employment and personal consumption, as well as steady growth in capital investment. - FY2018-Q3ReframedAnnual report
「During the nine-month period ended this third quarter, Japan’s economy continued along a path of gradual recovery, as corporate earnings, employment conditions and income conditions improved and share prices rose.」
The description became more positive than the previous explanation of the economic recovery, citing improvements in corporate earnings, employment and income conditions, as well as rising share prices. - FY2018-Q2ReframedAnnual report
「During the six-month period ended this second quarter, Japan’s economy continued along a path of gradual recovery, with personal consumption recovering on improved employment conditions and capital investment also increasing steadily.」
The description became more positive, citing improved employment conditions, a recovery in personal consumption and steady growth in capital investment. - FY2018-Q1ReframedAnnual report
「Despite uncertainty surrounding political developments in the United States and Europe, the economy continued to recover gradually, with personal consumption showing steady growth.」
The description changed to indicate a gradual economic recovery and steady growth in personal consumption while retaining uncertainty due to political developments in the United States and Europe. - FY2017ReframedAnnual report
「Throughout the period, employment and income conditions improved and the economy generally followed a path of gradual recovery, although concerns remained, including growing uncertainty over overseas economic trends.」
The description changed to acknowledge improvements in employment and income conditions while identifying uncertainty over overseas economies as a concern. - FY2017-Q3ReframedAnnual report
「Although employment and income conditions improved and some signs of recovery emerged, the economy remained lacking in strength as the yen appreciated and share prices declined.」
The description changed from references to weakness in overseas economies, personal consumption and corporate earnings to one that acknowledged improvements in employment and income conditions while indicating a lack of economic strength due to yen appreciation and falling share prices. - FY2017-Q2First statedAnnual report
「Although the economy continued on a moderate recovery path, concerns over overseas economic trends and signs of stagnation in personal consumption and corporate earnings revealed underlying weakness.」
Concerns over the overseas economy and weakness in personal consumption and corporate earnings were described as the economic environment during the period.