Weakening personal consumption amid rising prices
First written in FY2017. 6 of 13 entries say "Restated". Latest entry: 2026-10-14.
Morito moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 53 of 68 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- FY2025-H1MaterialisedAnnual report
「Conditions remained challenging due to the unusually warm winter and excess inventory in the market two years ago, declining sales of active sports-related products, and Japanese automakers' struggles in the Chinese market.」
Risks related to private consumption and demand have materialized in the business environment as an unusually warm winter, excess inventory in the market, and declining sales of active sports-related products. - FY2024-Q2RestatedAnnual report
「The economy has been moving at a gradual pace as post-pandemic rebound demand has run its course.／Apparel manufacturers reducing production because of the unusually warm winter in Japan and the end of rebound demand」
It continues to identify the end of rebound demand and the unusually warm winter in Japan as environmental factors affecting consumption and demand, which have caused apparel demand to stagnate. - FY2024-Q1ReframedAnnual report
「However, conditions remained challenging, with demand stagnating due to slower consumption in Europe, the United States and Asia, and apparel manufacturers reducing production because of the unusually warm winter in Japan and the end of post-pandemic rebound demand.」
The risks to private consumption have broadened from the previous focus on rising prices to include slower consumption in Europe, the United States and Asia, an unusually warm winter in Japan, and stagnant apparel demand following the end of post-pandemic rebound demand. - FY2019RestatedAnnual report
「The economy continues to recover gradually as employment and the income environment improve and private consumption remains firm.」
It continues to recognize that the domestic economy, including private consumption, is on a gradual recovery track. - FY2019-Q2RestatedAnnual report
「Although the economy continues to recover gradually as domestic demand, including private consumption and capital investment, remains firm,」
It continues to recognize that the domestic economy is on a gradual recovery track, with domestic demand, including private consumption, remaining firm. - FY2019-Q1RestatedAnnual report
「The economy continues to recover gradually, supported by improving corporate earnings and a pickup in private consumption.」
It continues to indicate that private consumption is recovering and does not mention weakening private consumption against the backdrop of rising prices. - FY2018-Q3RestatedAnnual report
「Against this backdrop, private consumption was also firm, and the economy remained on a gradual recovery track.」
It continues to state that private consumption is firm. - FY2018-Q2RestatedAnnual report
「Against this backdrop, private consumption was also firm, and the economy remained on a gradual recovery track.」
It continues to state that private consumption is firm and does not indicate any weakening in private consumption against the backdrop of rising prices in the current quarter. - FY2018-Q1MitigatedAnnual report
「Against this backdrop, private consumption was also firm, and the economy was on a gradual recovery trend.」
Whereas the previous fiscal year noted weakening private consumption against the backdrop of rising prices, the current quarter describes private consumption as firm. - FY2017First statedAnnual report
「Against the backdrop of rising prices for some goods, there were also signs that private consumption was beginning to weaken in the second half.」
For the first time, it identifies signs of weakening private consumption in the second half of the fiscal year against the backdrop of rising prices as a risk to the domestic economy.