Product-price fluctuations caused by deflationary pressure
First written in FY2019. 11 of 20 entries say "Worsened", first in FY2021. Latest entry: FY2027-H1.
Juntendo moved to the "Worse" side of this theme in 2021, 1 year after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 53 of 68 companies on the "Worse" side.
19 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「Lower consumer willingness to purchase due to high prices and a decline in customer visits resulting from price competition with other companies continued from the previous period, resulting in performance below the same period of the previous year.」
The decline in willingness to purchase due to high prices materialized in fewer customer visits and lower revenue year on year, indicating that the impact of rising prices in weighing on consumption continues. - FY2026WorsenedAnnual report
「However, further price increases, mainly for food products, from September onward further heightened consumers' inclination to refrain from making purchases and affected all areas related to housing and daily life. Although some divisions, including agricultural materials and agricultural machinery, remained resilient, most other divisions fell well below the previous fiscal year, resulting in a difficult overall outcome.」
Additional price increases, mainly for food products, further heightened consumers' inclination to refrain from making purchases, and most divisions other than agricultural materials and agricultural machinery fell significantly below the previous year. The impact of rising prices in weighing on consumption became tangible in the full-year results. - FY2026-H1WorsenedAnnual report
「While employment and income conditions improved against a backdrop of wage increases and labor shortages, real income declined because wage growth failed to keep pace with rising prices. Persistently high energy prices and a sharp increase in rice prices also put pressure on households' real purchasing power, while consumer sentiment remained stagnant, and a full-scale economic recovery was not achieved.」
The decline in real income resulting from rising prices is explicitly stated, and it is noted that persistently high energy prices and a sharp increase in rice prices put pressure on real purchasing power, while consumer sentiment remained stagnant. - FY2025-H1RestatedAnnual report
「Services consumption, including accommodation, food services and leisure, remained firm due to improvements in the employment and income environment against a backdrop of wage increases, but challenges including higher prices and stagnant consumer sentiment remained, leaving overall consumption lacking momentum.」
While the resilience of services consumption is indicated, the continued lack of momentum in personal consumption due to rising prices and stagnant consumer sentiment is also described. - FY2025-Q1RestatedAnnual report
「Meanwhile, the economic outlook remains uncertain due to rising prices across a broad range of sectors and the impact of geopolitical risks arising from the situations in Ukraine and the Middle East.」
Rising prices across a broad range of sectors and geopolitical risks arising from the situations in Ukraine and the Middle East continue to be cited as factors contributing to uncertainty over the economic outlook. - FY2024WorsenedAnnual report
「Looking ahead, concerns remain that inflation will accelerate due to factors including increased geopolitical risks resulting from unstable overseas conditions, persistently high crude oil prices due to yen depreciation, and higher logistics costs related to the so-called 2024 logistics problem, leading to deterioration in real income, sluggish consumption and an economic downturn.」
Regarding the risk of rising prices, in addition to geopolitical risks, the yen's depreciation, and persistently high crude oil prices, cost increases resulting from the 2024 logistics problem have emerged, making the pathway from deteriorating real income to an economic recession more clearly defined. - FY2024-Q3WorsenedAnnual report
「However, real income stagnated due to persistently high crude oil prices resulting from the yen's depreciation and rising prices, and consumption did not achieve a full-scale recovery. Looking ahead, there are concerns that increased geopolitical risks in Ukraine and the Middle East, prolonged high crude oil prices resulting from the yen's depreciation, and continued price increases, particularly for daily food items, will further reduce real income, resulting in stagnant consumption and a deteriorating economy.」
It is stated that sluggish real-income growth resulting from rising prices prevented a full-scale recovery in consumption. Going forward, the mechanism by which prolonged high crude oil prices and higher prices for daily food items lead to lower real income, stagnant consumption, and economic deterioration is becoming more clearly defined. - FY2024-Q2WorsenedAnnual report
「Personal consumption showed signs of recovery as consumer sentiment improved on the back of more opportunities to go out, rebound demand, improvements in employment and income conditions resulting from the spread of wage increases, and other factors. Meanwhile, repeated price increases for food and daily necessities increasingly prompted consumers to refrain from making purchases.」
While a recovery in consumer sentiment was indicated, the impact of rising prices in weighing on consumption became tangible as repeated price increases for food and daily necessities increasingly prompted consumers to refrain from making purchases. - FY2024-Q1RestatedAnnual report
「Looking ahead, there are concerns that, due to the external environment, including the situation in Ukraine and the yen's depreciation, continued high crude oil and materials prices will lead to lower corporate earnings and weaker consumer sentiment as a result of higher prices, thereby worsening economic conditions.」
The risks that the external environment, the yen's depreciation, and high crude oil and materials prices will lead to weaker corporate earnings, higher prices, weaker consumer sentiment, and deteriorating economic conditions continue to be described. - FY2023-Q2WorsenedAnnual report
「Looking ahead, there are concerns that an unstable international situation and sharp fluctuations in foreign exchange rates will accelerate the rise in crude oil and materials prices, leading to further increases in food and daily necessities prices, weaker consumer sentiment, and deterioration in economic conditions and the consumption environment.」
The conventional framework, which shifted from deflationary pressure to downward pressure on consumption from rising prices, is continuing to take shape through further increases in food and daily necessities prices, weaker consumer sentiment, and spillover effects on economic conditions and the consumption environment. - FY2022Shift from deflationary pressure to downward pressure on consumption from rising pricesAnnual report
「There are concerns that the economy will enter a recession due to factors including declining consumer sentiment caused by rising prices for food and daily necessities.」
The framework has shifted from the conventional focus on deflationary pressure and product-price fluctuations to one in which rising prices for food and daily necessities weigh on consumer sentiment and the economy. - FY2021WorsenedAnnual report
「Looking ahead, with no clear end in sight to the COVID-19 pandemic, there are concerns that restrictions on activity to prevent infection and the deterioration of employment and income conditions will prolong the stagnation in personal consumption, while the resulting deflationary pressure will weigh on the economy.」
In addition to the deflationary pressure from fluctuations in conventional product prices, deflationary pressure has become a tangible factor contributing to the economic slowdown accompanying the prolonged stagnation in personal consumption. - FY2019First statedAnnual report
「In addition, fluctuations in product prices resulting from intensifying deflationary pressure and weather-related factors are expected to affect business performance.」
Fluctuations in product prices resulting from intensifying deflationary pressure are cited for the first time as a factor affecting business performance.