Decline in demand due to weak personal consumption, corporate earnings and public investment
First written in FY2017. 12 of 17 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2022: 131 of 176 companies on the "Worse" side.
- FY2027-H1RestatedAnnual report
「In the display industry's business environment, conditions remained generally firm, supported by active corporate promotional investment and inbound-related demand.」
The explanation that the demand environment remains firm, supported by corporate promotional investment and inbound-related demand, continues. - FY2025-H1RestatedAnnual report
「The business environment in the display industry is also seeing a recovery in demand, as companies’ promotional spending is picking up, although the recovery in personal consumption has stalled.」
While consumer spending has paused, the explanation that demand is recovering, supported by corporate promotional investment, continues for consumer spending and corporate promotional investment that had stagnated amid the effects of the infectious disease. - FY2024MitigatedAnnual report
「The current environment is characterized by a continued moderate economic recovery, and demand for space design is expected to remain firm. We also recognize that a rapid recovery and expansion in inbound demand will provide tailwinds.」
The situation has shifted from descriptions of declining and stagnant demand due to the infectious disease to one characterized by economic recovery, firm demand for space design, and a recovery in inbound demand. Downside risks are also mentioned. - FY2024-Q3RestatedAnnual report
「In the display industry, demand has also been gradually recovering, partly because consumer spending and corporate promotional investment have been picking up.」
The pickup in consumer spending and corporate promotional investment, which had stagnated amid the effects of the infectious disease, and the recovery in demand continue to be indicated. - FY2024-Q2RestatedAnnual report
「In the display industry, signs of a recovery in demand have also emerged, partly because consumer spending and corporate promotional investment showed signs of a pickup.」
Signs of a recovery in demand continue to be indicated for consumer spending and corporate promotional investment, which had stagnated due to restrictions on economic activity caused by the infectious disease. - FY2024-Q1RestatedAnnual report
「The display industry's business environment has also shown signs of demand recovery, as personal consumption and corporate promotional investment showed signs of recovery.」
Signs of a pickup in consumer spending and corporate promotional investment, which had stagnated due to restrictions on economic activity caused by the infectious disease, and of a recovery in demand continue to be indicated. - FY2023-Q3RestatedAnnual report
「The display industry's business environment has also shown gradually emerging signs of demand recovery, as personal consumption and corporate promotional investment showed signs of recovery. However, the outlook remains uncertain.」
Signs of a recovery in demand continue to be indicated for consumer spending and corporate promotional investment, which had stagnated due to the infectious disease. - FY2023-Q2RestatedAnnual report
「In the display industry, signs of a gradual recovery in demand have also emerged, partly because consumer spending and corporate promotional investment showed signs of a pickup.」
Signs of a pickup in consumer spending and corporate promotional investment, which had stagnated due to the infectious disease, and of a recovery in demand continue to be indicated. - FY2023-Q1MitigatedAnnual report
「The display industry's business environment has also shown signs of demand recovery, as personal consumption and corporate promotional investment showed signs of recovery.」
Signs of a pickup and recovery were indicated for consumer spending and corporate promotional investment, which had stagnated due to restrictions on economic activity caused by the infectious disease. However, the timing of the disease's containment remains unforeseeable, and geopolitical risks have also been added. - FY2022-Q3RestatedAnnual report
「Consumer spending, tourism investment and corporate promotional investment have stagnated due to prolonged restrictions on economic activity associated with the spread of COVID-19. Demand has therefore declined, and conditions remain difficult.」
The stagnation of consumer spending, tourism investment and corporate promotional investment and the decline in demand continue, with the demand environment described as difficult. - FY2022-Q2RestatedAnnual report
「Demand has declined substantially and conditions remain difficult because restrictions on economic activity associated with the spread of COVID-19 have continued for an extended period, causing personal consumption, tourism investment, and corporate promotional investment to stagnate.」
The stagnation of consumer spending, tourism investment and corporate promotional investment and the substantial decline in demand due to the spread of the infectious disease were disclosed, as in the previous quarter. - FY2022-Q1WorsenedAnnual report
「Demand has declined substantially and conditions remain difficult because restrictions on economic activity associated with the spread of COVID-19 have continued for an extended period, causing personal consumption, tourism investment, and corporate promotional investment to stagnate.」
The Company had previously identified declining demand due to weak consumer spending, corporate earnings and public investment as a risk. In the first quarter, the stagnation of consumer spending, tourism investment and corporate promotional investment, together with a substantial decline in demand, continued to be disclosed. - FY2021-Q2RestatedAnnual report
「The spread of COVID-19 has affected the Group's business environment, including through the cancellation or postponement of exhibitions and events, restraint on corporate capital investment, and the postponement or scaling-down of government-related plans.」
The downward pressure on demand for exhibitions and events, corporate capital investment, and government-related plans continues. - FY2021-Q1MaterialisedAnnual report
「The spread of COVID-19 has affected the Group's business environment, including through the cancellation or postponement of exhibitions and events, restraint on corporate capital investment, and the postponement or scaling-down of government-related plans.」
Impacts on exhibitions and events, corporate capital investment, and government-related plans, previously described as possible sources of declining demand, were stated to have actually occurred as the infectious disease spread. - FY2020RestatedAnnual report
「If capital investment by retailers declines because of weak consumer spending, or if companies reduce promotional investment because of deteriorating corporate earnings, demand for new construction and renovations by department stores, specialty stores and chain stores, among others, will decline, as will exhibitions and events. Consequently, sales in the commercial and other facilities business and the chain-store business may be affected.」
The risk of declining demand due to weak consumer spending, corporate earnings and public investment remains in place. - FY2018RestatedAnnual report
「If capital investment by retailers declines because of weak consumer spending, or if companies reduce promotional investment because of deteriorating corporate earnings, demand for new construction and renovations by department stores, specialty stores and chain stores, among others, will decline, as will exhibitions and events. Consequently, sales in the commercial and other facilities business and the chain-store business may be affected.」
The risk of declining demand due to weak consumer spending, corporate earnings and public investment continues to be disclosed. - FY2017First statedAnnual report
「If capital investment by retailers declines because of weak consumer spending, or if companies reduce promotional investment because of deteriorating corporate earnings, demand for new construction and renovations by department stores, specialty stores and chain stores, among others, will decline, as will exhibitions and events. Consequently, sales in the commercial and other facilities business and the chain-store business may be affected.」
The Company identifies as risks the decline in private-sector investment, new construction and renovations, and demand for exhibitions and events due to deteriorating consumer spending and corporate earnings, as well as the impact on the cultural facilities business from cuts in public investment.