Uncertainty Over the Domestic Economy Due to Labor Shortages and Inflation
First written in FY2018-Q1. 9 of 17 entries say "Restated". Latest entry: FY2025-H1.
Parker moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2020: 44 of 63 companies on the "Worse" side.
69 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period under review, Japan's economy was gradually recovering, despite some weakness caused by higher prices, supported by improvements in the employment and income environment and corporate earnings remaining at high levels.」
While acknowledging some weakness caused by higher prices, the report described a gradual recovery supported by improvements in the employment and income environment and corporate earnings. - FY2024RestatedAnnual report
「However, the outlook remained uncertain due to concerns about a slowdown in overseas economies caused by soaring resource and raw material prices associated with the prolonged situation in Ukraine, higher prices caused by the rapid depreciation of the yen, the slowdown in the Chinese economy, the situation in the Middle East and the impact of global monetary tightening.」
While economic recoveries were underway in Japan and overseas, the report continued to identify factors contributing to uncertainty, including higher resource and raw material prices, rising prices caused by the weaker yen, and concerns about an economic slowdown overseas. - FY2024-Q3WorsenedAnnual report
「During the cumulative nine-month period of the fiscal year under review, Japan's economy showed some weakness due to declining exports and the impact of higher prices. However, as restrictions on activity related to COVID-19 were eased, domestic demand, including personal consumption and capital investment, supported a gradual recovery across a broad range of areas.」
While describing a gradual recovery in domestic demand, the report newly identified declining exports and weakness caused by higher prices as factors contributing to uncertainty in the domestic economy. - FY2024-Q2RestatedAnnual report
「During the six-month period ended [date] of the current fiscal year, domestic demand across a broad range of areas, including personal consumption and capital investment, increased as restrictions on activity related to COVID-19 were eased, and the economy followed a gradual recovery trend. However, the outlook remained uncertain due to concerns about a slowdown in the global economy against the backdrop of the prolonged situation in Ukraine and global monetary tightening, soaring resource and raw material prices, higher prices caused by the weaker yen and increasing geopolitical risks.」
While describing a recovery in the domestic economy, the report continued to note uncertainty in the domestic business environment due to soaring resource and raw material prices, rising prices caused by the weaker yen, and concerns about an economic slowdown. - FY2024-Q1MaterialisedAnnual report
「Production in Europe continued to trend upward, but earnings remained weak due to soaring raw material prices and labor costs resulting from labor shortages, among other factors.」
Higher labor costs resulting from labor shortages have materialized as weak earnings in Europe's soundproofing materials business for home appliances. - FY2023-Q2RestatedAnnual report
「Meanwhile, uncertainty about the outlook continues, including growing concerns about an economic slowdown resulting from the prolonged situation in Ukraine, rising raw material prices and soaring prices accompanying the sharp depreciation of the yen.」
While describing the easing of restrictions on economic activity and a gradual recovery, the report continued to identify rising raw material prices, inflation caused by the weaker yen, and concerns about an economic slowdown as factors contributing to uncertainty in the domestic economy. - FY2023-Q1WorsenedAnnual report
「Uncertainty about the outlook deepened further due to higher raw material prices resulting from the prolonged situation in Ukraine, higher import prices accompanying the rapid depreciation of the yen, and supply chain disruptions caused by the Shanghai lockdown, among other factors.」
In addition to the existing infectious disease and rising raw material prices, higher import prices resulting from the rapid depreciation of the yen and supply chain disruptions caused by the Shanghai lockdown have emerged as factors contributing to uncertainty in the domestic economy and business environment. - FY2022WorsenedAnnual report
「During the fiscal year under review, Japan's economy remained stagnant due to the resurgence of COVID-19 and the impact of states of emergency. However, signs of a gradual recovery emerged as vaccinations became more widespread, various policy measures took effect, and overseas economies improved. Nevertheless, uncertainty about the outlook has intensified due to restrictions on economic activity associated with the resurgence of new variants, soaring raw material prices, and the impact of geopolitical risks arising from the situation in Ukraine.」
In addition to the infectious disease and soaring raw material prices, the report explicitly identified geopolitical risks related to the situation in Ukraine as factors contributing to uncertainty about the outlook for the domestic economy. - FY2022-Q3WorsenedAnnual report
「However, the outlook remained uncertain due to restrictions on economic activity associated with the resurgence of new variants and trends in raw material prices.」
Regarding the domestic economy, the report identified restrictions on economic activity due to the resurgence of the infectious disease, as well as trends in raw material prices, as factors contributing to uncertainty about the outlook. - FY2022-Q2RestatedAnnual report
「During the six-month consolidated cumulative period, Japan's economy remained stagnant and the outlook continued to be uncertain, despite signs of recovery in economic activity in some areas due to measures to promote vaccination against the novel coronavirus.」
Regarding the domestic economy, the report continued to describe signs of a recovery driven by vaccinations, as well as restrictions on consumption and economic activity and uncertainty caused by the infectious disease and the state of emergency. - FY2022-Q1RestatedAnnual report
「During the three-month consolidated cumulative period, Japan's economy remained in a difficult environment, with economic activity constrained by repeated declarations of a state of emergency, despite some positive signs such as the start of vaccinations against the novel coronavirus and signs of recovery in economic activity in some areas. The economic outlook remained uncertain.」
While acknowledging vaccinations and signs of a recovery in economic activity, the report continued to note restrictions on consumption and economic activity associated with the infectious disease and uncertainty about the outlook. - FY2021RestatedAnnual report
「Although vaccination programs have begun in Japan and overseas, uncertainty is expected to persist, with concerns that the emergence of variants could lead to another resurgence.」
While uncertainty surrounding domestic demand, employment and income, and economic activity due to the infectious disease continued, the report also noted the start of vaccinations and a gradual recovery. - FY2021-Q3RestatedAnnual report
「During the nine-month period of the current consolidated fiscal year, Japan's economy deteriorated sharply due to the impact of COVID-19, amid sluggish domestic and overseas demand and factory shutdowns around the world. Although it was gradually recovering as economic activity resumed after the state of emergency declaration was lifted, the impact of COVID-19 on the economy was prolonged, and difficult conditions continued.」
While the difficult economic environment caused by weak domestic demand and plant shutdowns continued, it also noted a gradual recovery as economic activity resumed. - FY2021-Q2RestatedAnnual report
「Household consumption in Japan also declined significantly. Although there were signs of a recovery following the resumption of economic activity and the easing of calls to refrain from going out after the state of emergency declaration was lifted, concerns including developments related to the infectious disease remained significant, and conditions continued to be uncertain.」
While continuing to describe the decline in domestic consumption and uncertainty about the outlook due to the infectious disease, the company also referred to signs of a recovery resulting from the resumption of economic activity. - FY2021-Q1WorsenedAnnual report
「In addition to a sharp decline in domestic consumption amid growing calls for self-restraint under the state of emergency declaration due to the spread of COVID-19, declining corporate earnings and deteriorating employment and income conditions intensified uncertainty about the outlook.」
In addition to the previous concerns about labor shortages and rising prices, the company cited weaker domestic consumption due to the infectious disease, declining corporate earnings and deteriorating employment and income conditions as factors contributing to uncertainty in the domestic economy. - FY2019WorsenedAnnual report
「Profitability is expected to moderate due to increases in labor, transportation and raw-material costs, among other factors.」
In addition to its previous concerns about labor shortages and rising prices, the company explicitly cited moderating profitability due to higher labor, transportation and raw-material costs in its outlook. - FY2018-Q1First statedAnnual report
「Meanwhile, personal consumption remained weak, while the emergence of labor shortages and concerns about rising prices also contributed to continued uncertainty.」
The company separately identified weak personal consumption, the emergence of labor shortages and concerns about rising prices as factors contributing to uncertainty in the domestic economy for the first time.