Weaker Consumer Sentiment and Greater Uncertainty over the Economic Outlook Due to Yen Appreciation and Falling Stock Prices
First written in FY2016-Q3. 16 of 29 entries say "Worsened", first in FY2016. Latest entry: FY2026-H1.
Daisyo moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2020: 141 of 158 companies on the "Worse" side.
24 other companies' latest entry also says "Other".
- FY2026-H1Recovery in demand coexisting with uncertainty caused by geopolitical risks and market volatilityAnnual report
「During the current interim consolidated accounting period, Japan's economy has been gradually recovering as personal consumption recovered on improved employment and income conditions and inbound demand expanded, despite the continuing impact of U.S. trade policy. However, the outlook remained uncertain due to the emergence of geopolitical risks and financial and capital market volatility.」
While describing a gradual recovery driven by personal consumption and inbound demand, it indicates uncertainty due to U.S. trade policy, geopolitical risks, and financial and capital market volatility. - FY2025-H1Economic normalization and recovering demand coexisted with uncertainty.Annual report
「During the current interim consolidated accounting period, Japan's economy has been gradually recovering as economic activity normalized, supported by a recovery in personal consumption resulting from improved employment and income conditions and expanding inbound demand. However, the outlook remained uncertain due to the emergence of geopolitical risks, an unstable global situation, and rising prices.」
While describing a recovery driven by personal consumption and inbound demand, it indicates uncertainty due to geopolitical risks, the global situation, and rising prices. - FY2024-Q3The recovery trend continued, but personal consumption was stagnant.Annual report
「As COVID-19 was reclassified as a Category V disease in May 2023 and economic activity normalized, personal consumption showed signs of stagnation, although the economy has been gradually recovering. However, the outlook remained uncertain due to worsening international conditions, including those involving Russia and Ukraine, the depreciation of the yen, and rising prices.」
While indicating the normalization of economic activity and a gradual recovery after COVID-19 was reclassified as a Category V disease, it describes stagnation in personal consumption and uncertainty due to international conditions, the weaker yen, and rising prices. - FY2024-Q2Recovery and uncertainty coexisted even after COVID-19 was downgraded to Category V.Annual report
「As COVID-19 was reclassified as a Category V disease in May 2023 and economic activity normalized, personal consumption and capital investment showed signs of recovery, and the economy has been gradually recovering. However, the outlook remained uncertain due to worsening international conditions, including those involving Russia and Ukraine, the depreciation of the yen, and rising prices.」
While describing a recovery resulting from the reclassification of COVID-19 and the normalization of economic activity, it continues to indicate uncertainty over the outlook due to international conditions, the weaker yen, and rising prices. - FY2023-Q3Uncertainty continued even after restrictions on activity were eased and COVID-19 was downgraded to Category V.Annual report
「During the first 3 quarters of the current fiscal year, Japan's economy has been gradually recovering as restrictions on activity related to COVID-19 were eased and the disease was downgraded to Category V. However, the outlook remained uncertain due to the prolonged situation involving Russia and Ukraine, the depreciation of the yen, and rising prices.」
While describing a recovery resulting from the easing of restrictions on activity and the downgrading of COVID-19 to Category V, it continues to indicate uncertainty due to international conditions, the weaker yen, and rising prices. - FY2023-Q1Uncertainty and rising prices continued even after restrictions on activity were eased.Annual report
「As the impact of COVID-19 continued for an extended period, restrictions on activity were eased and the economy showed signs of a gradual recovery. However, the outlook remained uncertain due to the prolonged situation involving Russia and Ukraine, the rapid depreciation of the yen, and rising prices.」
While acknowledging the easing of restrictions on activity and the economic recovery, it states that the outlook remains uncertain due to the situation involving Russia and Ukraine, the weaker yen, and rising prices. - FY2022-Q3WorsenedAnnual report
「During the first 3 quarters of the current fiscal year, Japan's economy showed signs of a temporary recovery due to various policies addressing COVID-19 and the wider rollout of vaccinations. However, it remained in a difficult situation as economic activity was again restricted amid the spread of the Omicron variant. The outlook also remained uncertain due to heightened tensions surrounding Ukraine and the rapid depreciation of the yen.」
In addition to restrictions on economic activity caused by the Omicron variant, it identifies the situation in Ukraine and the rapid depreciation of the yen as new sources of uncertainty. - FY2022-Q2WorsenedAnnual report
「During the first 6 months of the current fiscal year, Japan's economy showed signs of a temporary recovery due to various policies addressing COVID-19 and the wider rollout of vaccinations. However, it remained in a difficult situation as economic activity was again restricted amid the resurgence of infections caused by the Omicron variant. In addition, the outlook remained uncertain due to heightened tensions surrounding Ukraine and soaring crude oil and raw material prices.」
After a temporary economic recovery, the resurgence of infections caused by the Omicron variant, the situation in Ukraine, and soaring crude oil and raw material prices were added as new sources of uncertainty. - FY2022-Q1WorsenedAnnual report
「During the first 3 quarters of the current fiscal year, Japan's economy showed signs of recovering as various policies addressing COVID-19 and the wider rollout of vaccinations reduced the number of cases. However, the outlook remains uncertain amid concerns over soaring global resource prices and the spread of new variants.」
While acknowledging a recovery in economic activity, it identifies soaring global resource prices and concerns over the spread of new variants as new sources of uncertainty. - FY2021WorsenedAnnual report
「In the food service industry, the operating environment has changed significantly as dining at restaurants has declined due to requests from local authorities to refrain from operating, the loss of inbound demand, the spread of teleworking, and changes in people's lifestyles, while delivery and takeaway services have continued to be used.」
It explicitly identifies the continued impact of requests to refrain from operating, the loss of inbound demand, and the decline in restaurant visits due to teleworking and changes in people's lifestyles as changes in the operating environment. - FY2021-Q3WorsenedAnnual report
「During the first 3 quarters of the current fiscal year, Japan's economy remained in an extremely difficult situation as economic activity was significantly restricted by the spread of COVID-19, corporate earnings and business confidence deteriorated, and personal consumption declined. The timing of an end to the spread of the disease remains unforeseeable, and the outlook continues to be uncertain.」
It describes restrictions on economic activity due to the spread of COVID-19, deterioration in corporate earnings and business confidence, and a decline in personal consumption, characterizing the economic environment as "extremely difficult." - FY2021-Q2WorsenedAnnual report
「In the food service industry, the operating environment has changed significantly as dining at restaurants has declined due to requests from local authorities to refrain from operating, the loss of inbound demand, the spread of teleworking, and changes in people's lifestyles, while delivery and takeaway services have continued to be used.」
The decline in dining at restaurants has continued due to requests from local authorities to refrain from operating, the loss of inbound demand, the spread of teleworking, and changes in people's lifestyles. - FY2020WorsenedAnnual report
「The food service industry has been seriously affected by various requests issued by the government and local authorities in response to the recent spread of COVID-19.」
The situation has progressed from the previous uncertainty and concerns to one in which the spread of the disease and requests from the government and local authorities have caused a serious impact. - FY2020-Q3WorsenedAnnual report
「During the first 3 quarters of the current fiscal year, Japan's economy showed signs of a recovery in personal consumption as employment and income conditions improved, supported by the effects of economic and monetary policies implemented by the government and the Bank of Japan. However, the economy has continued to deteriorate rapidly due to the impact of COVID-19, and the outlook remains extremely difficult.」
It states that the economy has continued to deteriorate rapidly due to the impact of COVID-19 and that the economic outlook is "extremely difficult." - FY2020-Q2WorsenedAnnual report
「The outlook for the economy remains uncertain due to downside risks to domestic and overseas economies from the COVID-19 pandemic and financial market volatility.」
In addition to the previously cited financial market volatility and other factors, it explicitly identifies downside risks to domestic and overseas economies from COVID-19 as a source of economic uncertainty. - FY2020-Q1WorsenedAnnual report
「In the food service industry, competition with companies in other industries continued to intensify, partly due to the expansion of the prepared-meals market, while soaring labor costs driven by labor shortages and the impact of successive natural disasters compounded the difficulties, and the difficult environment continued.」
It describes the difficult environment as resulting from intensifying competition with other industries, compounded by soaring labor costs and the impact of successive natural disasters. - FY2019-Q3RestatedAnnual report
「In the food service industry, the difficult environment continued amid consumers' strong preference for economizing, soaring food costs, and rising labor costs as labor shortages persisted.」
It describes consumers' preference for economizing, soaring food costs, and rising labor costs amid labor shortages as the continuing difficult external environment. - FY2019-Q2WorsenedAnnual report
「In the food service industry, the difficult environment continued amid consumers' strong preference for economizing, soaring food costs, and rising labor costs as labor shortages persisted.」
It describes consumers' strong preference for economizing, soaring food costs, and rising labor costs amid labor shortages as the difficult environment facing the food service industry. - FY2019-Q1ReframedAnnual report
「The outlook for the economy remains uncertain due to financial market volatility and uncertainty over overseas economic conditions.」
The factors cited for economic uncertainty have shifted from the previous strong yen and falling share prices to financial market volatility and uncertainty over overseas economic conditions. - FY2018RestatedAnnual report
「In the food service industry, the difficult environment continued amid soaring raw material prices, rising labor costs due to labor shortages, and the added impact of adverse weather such as typhoons and cold waves.」
It states that the difficult environment in the food service industry, due to raw material costs, labor costs, and adverse weather, continued throughout the fiscal year. - FY2018-Q3WorsenedAnnual report
「Meanwhile, the food-service industry remained in a challenging environment as raw material prices rose and labor costs were expected to increase against a backdrop of labor shortages, compounded by the effects of adverse weather, including typhoons and cold waves.」
The difficult environment in the food service industry has continued as raw material prices, labor costs, and adverse weather such as typhoons and cold waves have compounded one another. - FY2018-Q2WorsenedAnnual report
「Meanwhile, the food-service industry remained in a challenging environment as raw material prices rose and labor costs were expected to increase against a backdrop of labor shortages, compounded by the effects of adverse weather, including typhoons and cold waves.」
It states that, in addition to rising labor costs driven by soaring raw material prices and labor shortages, adverse weather such as typhoons and cold waves has contributed to the continued difficult environment. - FY2018-Q1WorsenedAnnual report
「Meanwhile, the food-service industry remained in a challenging environment as raw material prices rose and labor costs were expected to increase against a backdrop of labor shortages, compounded by the effects of adverse weather, including typhoons over the weekend.」
In addition to higher raw material prices, rising labor costs due to labor shortages and the effects of adverse weather, including typhoons, are newly identified as factors contributing to the challenging environment in the food-service industry. - FY2017WorsenedAnnual report
「In the food-service industry, consumer sentiment remained weak and raw material prices rose, while competition to attract customers across industry and business-format boundaries intensified further, leaving the industry in a challenging environment.」
Weak consumer sentiment and intensifying competition, together with rising raw material prices, are cited as factors contributing to the challenging environment in the food-service industry. - FY2017-Q3RestatedAnnual report
「In the food-service industry, consumer sentiment remained weak, while competition to attract customers across industry and business-format boundaries intensified further, leaving the industry in a challenging environment.」
Weak consumer sentiment, intensifying competition to attract customers and economic uncertainty continue to be cited as external factors. - FY2017-Q2RestatedAnnual report
「During the cumulative consolidated accounting period for the second quarter under review, the Japanese economy remained on a gradual recovery trend, supported in part by the effects of economic and monetary policies implemented by the government and the Bank of Japan, but continued to operate in an uncertain environment. In the food-service industry, consumer sentiment remained weak, while competition to attract customers across industry and business-format boundaries intensified further, leaving the industry in a challenging environment.」
As in the previous quarter, the disclosure cites economic uncertainty, weak consumer sentiment and intensifying competition to attract customers across industry and business-format boundaries. - FY2017-Q1ReframedAnnual report
「During the cumulative consolidated accounting period for the first quarter under review, the Japanese economy continued on a gradual recovery trend, supported in part by the effects of economic and monetary policies implemented by the government and the Bank of Japan. However, uncertainty persisted in overseas economies amid concerns about the outlook for the US economy under the new administration, a slowdown in the Chinese economy and political risks in Europe.」
Uncertainty over the economic outlook persisted, with the new US administration, the slowdown in the Chinese economy and political risks in Europe cited as factors this time. - FY2016WorsenedAnnual report
「During the fiscal year under review, the Japanese economy continued to operate in an environment of increasingly heightened uncertainty over the economic outlook. Corporate earnings and employment and income conditions improved, but concerns over global conditions and a slowdown in the Chinese economy persisted, while the yen appreciated sharply and share prices fell, and the Bank of Japan maintained its negative interest rate policy. In the food-service industry, demand from inbound visitors increased, but consumer sentiment remained weak as consumers became more inclined to economize amid concerns about the future, and a significant recovery had yet to materialize.」
In addition to yen appreciation and falling share prices, concerns over a slowdown in the Chinese economy and the negative interest rate policy are cited as factors that further heightened uncertainty over the economic outlook. - FY2016-Q3First statedAnnual report
「The period was marked by a rapid appreciation of the yen and declines in share prices since the beginning of the year, among other factors, which led to a rapid weakening in consumer sentiment and further heightened uncertainty over the economic outlook.」
The external environment is described as already reflecting yen appreciation, falling share prices and weakening consumer sentiment.