Weakness in Personal Consumption
First written in FY2016-Q3. 8 of 17 entries say "Restated". Latest entry: FY2023.
Kitakei 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.
4 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「Private consumption and inbound tourism, among other areas, showed signs of recovery.」
The wording has changed from the previous description of sluggish or weak private consumption to a statement that private consumption showed signs of recovery. - FY2023-Q3MitigatedAnnual report
「Inbound demand recovered, and personal consumption and capital investment showed signs of recovery.」
The wording has changed from the previous description of sluggish or weak private consumption to a recovery trend accompanying the normalization of economic activity following the reclassification of COVID-19 as a Class 5 infectious disease. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter period, there were no material changes in the occurrence of major risks that management recognizes could materially affect the company's financial position, operating results or cash flows, among the matters concerning the business and financial condition described in this quarterly securities report, or in the business and other risks described in the securities report for the previous fiscal year.」
The company continues to treat the existing risks, including weakness in personal consumption, as involving no material changes. - FY2022-Q1WorsenedAnnual report
「Following the rapid spread of the Omicron variant, the areas subject to the priority preventive measures were expanded in stages from 9 January 2022, and economic activity was forced to operate without momentum, including a slump in personal consumption.」
The company specifies that the rapid spread of the Omicron variant and the expansion of priority preventive measures caused economic activity to lose momentum, in relation to weakness and the slump in personal consumption. - FY2021-Q1WorsenedAnnual report
「Although the economy had temporarily been on a gradual recovery path, the rapid spread of the novel coronavirus infection since the end of last year had a significant impact on personal consumption and economic activity, and the outlook remained uncertain as the timing of containment remained unforeseeable.」
The company states that the rapid spread of the novel coronavirus infection had a significant impact on personal consumption, and that the factors behind its weakness and slump continued. - FY2020RestatedAnnual report
「In addition to the economic downturn following the October 2019 consumption tax increase, the novel coronavirus infection, which had spread worldwide, entered Japan, and the declaration of a state of emergency caused economic activity to stagnate, creating a difficult economic environment for corporate earnings and personal consumption.」
A difficult economic environment, including a slump in personal consumption, continued amid the consumption tax increase and the stagnation of economic activity caused by the novel coronavirus infection. - FY2020-Q3RestatedAnnual report
「The slump in personal consumption and stagnation in economic activity continued.」
The company states that the slump and stagnation caused by the consumption tax increase and the impact of the novel coronavirus infection continued as factors behind weakness in personal consumption. - FY2020-Q2WorsenedAnnual report
「The October 2019 consumption tax increase and the spread of the novel coronavirus infection caused stagnation in personal consumption and economic activity, and the economy entered a phase of rapid deterioration.」
Weakness in personal consumption deteriorated from the previous description of "somewhat weak" to a situation in which personal consumption and economic activity stagnated due to the consumption tax increase and the spread of the novel coronavirus infection. - FY2020-Q1Re-emergenceAnnual report
「Personal consumption remained somewhat weak recently, partly due to the impact of the consumption tax increase.」
Weakness in personal consumption, which had not been explicitly mentioned since FY2018, is again noted together with the impact of the consumption tax increase. - FY2018DroppedAnnual report
「In Japan, employment and income conditions and corporate earnings continued to improve, and the economy remained on a gradual recovery trend.」
The previously noted weakness in personal consumption is not explicitly mentioned in the description of the economic environment for the current consolidated fiscal year. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter, and there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company continues to treat the risk of weak personal consumption as involving no new developments or material changes. - FY2018-Q2RestatedAnnual report
「No new business or other risks arose during the six-month cumulative period under review. There were also no material changes to the business and other risks described in the annual securities report for the previous consolidated fiscal year.」
The company continues to treat the risk of weak personal consumption as involving no new developments or material changes. - FY2017MitigatedAnnual report
「Personal consumption gained strength against the backdrop of steady improvements in employment and income conditions」
The company has shifted from its previous risk assessment of weak personal consumption to describing personal consumption as gaining strength against the backdrop of improving employment and income conditions. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter, and there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The company states that there were no new developments or material changes regarding weakness in personal consumption. - FY2017-Q2RestatedAnnual report
「No new business or other risks arose during the six-month cumulative period under review. There were also no material changes to the business and other risks described in the annual securities report for the previous consolidated fiscal year.」
The company states that there were no new developments or material changes regarding weakness in personal consumption. - FY2016RestatedAnnual report
「Corporate sentiment and personal consumption remained in an uncertain environment, lacking strength.」
The company continues to indicate that personal consumption lacks strength as part of its assessment of the external environment. - FY2016-Q3First statedAnnual report
「Personal consumption weakened」
Weak private consumption is identified as a risk factor in the domestic economic environment.