Price increases driven by higher resource costs and uncertainty over consumer trends

「Personal consumption lacked strength amid an increasing focus on household budgeting as prices continued to rise, and uncertainty about the outlook persisted.」

「The outlook remains uncertain, owing to factors including the impact of tariff policies in the United States, a slowdown in the Chinese economy and the prolonged geopolitical risks associated with the situations in Ukraine and the Middle East. The apparel and fashion industry in which the company operates also continues to bear higher costs, including labor, raw material, logistics and electricity costs. The business environment became challenging as declining consumer sentiment due to rising prices contributed to lower personal consumption.」

「We expect concerns to continue regarding higher costs resulting from ongoing price inflation and rising personnel expenses, as well as the worsening labor shortage.」

「The outlook remains uncertain, owing to factors including the impact of tariff policies in the United States, a slowdown in the Chinese economy and the prolonged geopolitical risks associated with the situations in Ukraine and the Middle East. The apparel and fashion industry in which the company operates also continues to bear higher costs, including labor, raw material, logistics and electricity costs. The business environment became challenging as declining consumer sentiment due to rising prices contributed to lower personal consumption.」

「The apparel and fashion industry in which the company operates faced a challenging business environment, owing to soaring raw material, logistics and electricity costs, higher selling, general and administrative expenses resulting from wage increases and higher labor and recruitment costs associated with securing labor and addressing labor shortages, and consumer behavior focused on protecting household finances as prices rose faster than wages.」

「The apparel and fashion industry in which the company operates faces a challenging business environment, owing to soaring raw material, logistics and electricity costs, as well as higher labor and recruitment costs resulting from wage increases, efforts to secure labor and measures to address labor shortages. Cautious purchasing behavior also continues as consumers increasingly seek to economize in response to abnormal weather and rising prices.」

「Meanwhile, difficult conditions continue, including soaring raw material and energy prices and the yen's continued depreciation, influenced by U.S. monetary policy. The apparel and fashion industry in which the company operates also continues to face a challenging business environment, including higher raw material, logistics and electricity costs. Although inbound consumption is trending upward as the number of visitors to Japan recovers, cautious purchasing behavior continues as consumers increasingly seek to economize in response to rising prices.」

「In the apparel and fashion industry as well, customer traffic has recovered following the easing of restrictions, but the outlook remains uncertain due to soaring raw material prices, concerns about inflation caused by sharp exchange-rate fluctuations and other factors, and the effects of climate change.」

「Meanwhile, the outlook remains uncertain, owing to concerns about a global economic slowdown resulting from higher resource and raw material costs, inflation and monetary tightening in Europe and the United States and elsewhere.」

「However, uncertainty about the outlook continues, owing to factors including higher raw material prices resulting from the situation in Ukraine and elsewhere, monetary policies and foreign-exchange trends in countries around the world, and concerns about the renewed spread of COVID-19.」

「Uncertainty about the outlook continues, owing to soaring raw material and transportation costs resulting from energy-related issues and other factors associated with the prolonged situation in Ukraine, as well as higher import prices caused by the weaker yen amid a widening interest-rate differential between Japan and the United States.」

「Meanwhile, uncertainty about the outlook continues, owing to concerns about renewed infection spread, the prolonged situation in Ukraine, sharp foreign-exchange fluctuations and soaring resource prices. The challenging business environment also continues, with personal consumption expected to remain weak because inflationary trends are weighing on consumer sentiment.」

「Japan's economy during the first six months of the current consolidated fiscal year remained uncertain, owing to factors including the renewed spread of COVID-19, the prolonged situation in Ukraine, sharp foreign-exchange fluctuations and soaring resource prices. Personal consumption is also expected to remain weak because of concerns about inflation.」

「Uncertainty about the outlook continues, owing to factors including higher raw material prices resulting from the situation in Ukraine and elsewhere, monetary policies and foreign-exchange trends in countries around the world, and concerns about the renewed spread of COVID-19.」

「The spread of the infection began to accelerate again in January, and uncertainty about the outlook continues with no end in sight.」

「The company expects uncertainty over consumer trends to persist, including price increases driven by higher resource costs and trends in the spread of new COVID-19 variants.」