Uncertainty over the outlook due to the stronger yen, weak stock prices and the UK's EU withdrawal issue
First written in FY2017-Q1. 26 of 35 entries say "Reframed", first in FY2017-Q3. Latest entry: 2026-11-13.
Akikawa Foods & Farms moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).
The whole theme swung hardest in 2020: 150 of 178 companies on the "Worse" side.
43 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Meanwhile, uncertainty over the outlook continued owing to rising geopolitical and procurement risks associated with the increasingly tense situation in the Middle East and the impact on personal consumption of prolonged price increases.」
Uncertainty over the outlook persists, with geopolitical and procurement risks associated with the situation in the Middle East, prolonged price increases and their impact on personal consumption identified as the current concerns. - FY2026-H1ReframedAnnual report
「Meanwhile, uncertainty over the outlook continued owing to downside risks to the economy from US trade policies and continued price increases.」
Uncertainty over the outlook persists, with downside risks to the economy from US trade policies and continued price increases specifically identified as the current concerns. - FY2025-H1ReframedAnnual report
「During the six-month interim consolidated accounting period ended 30 September 2024 (1 April 2024 to 30 September 2024), Japan's economy continued to show signs of a gradual recovery. However, uncertainty over the outlook continued owing to ongoing instability in the international situation, the slowdown in the Chinese economy, sharp fluctuations in foreign exchange rates and rising prices.」
Uncertainty over the outlook persists, with the current concerns specifically identified as instability in the international situation, the slowdown in the Chinese economy, sharp fluctuations in foreign exchange rates and rising prices. - FY2024-Q2RestatedAnnual report
「During the six-month period ended 30 September 2023 (1 April 2023 to 30 September 2023), social and economic activity normalized further following the reclassification of COVID-19. However, inflation driven by soaring import prices for raw materials and energy and the worsening labor shortage continued, leaving the economic outlook uncertain.」
While social and economic activity continued to normalize, uncertainty over the outlook persisted owing to soaring import prices, labor shortages and inflation. - FY2024-Q1ReframedAnnual report
「During the three-month period ended 30 June 2023 (1 April 2023 to 30 June 2023), social and economic activity normalized further following the reclassification of COVID-19 as a Class 5 infectious disease in May 2023. However, inflation driven by soaring import prices for raw materials and energy and the worsening labor shortage continued, leaving the economic outlook uncertain.」
While the reclassification of COVID-19 as a Class 5 infectious disease and the resulting normalization of social and economic activity are noted, soaring import prices for raw materials and energy, labor shortages and inflation are identified as new sources of uncertainty over the outlook. - FY2023-Q3ReframedAnnual report
「During the nine-month period ended 31 December 2022 (1 April 2022 to 31 December 2022), restrictions on behavior related to COVID-19 were eased and economic activity moved toward normalization. However, uncertainty over the outlook continued owing to the prolonged situation in Ukraine and soaring prices resulting from sharp fluctuations in foreign exchange rates.」
While the easing of restrictions and economic normalization progressed, soaring prices resulting from sharp fluctuations in foreign exchange rates were specifically identified as a source of uncertainty, in addition to the previous concerns about the yen's depreciation and soaring raw-material prices. - FY2023-Q2ReframedAnnual report
「During the six-month period ended 30 September 2022 (1 April 2022 to 30 September 2022), restrictions on behavior related to COVID-19 were eased and economic activity moved toward normalization. However, uncertainty over the outlook continued owing to the prolonged situation in Ukraine and the yen's rapid depreciation.」
Uncertainty over the outlook persists, with the yen's rapid depreciation specifically identified as a concern in addition to the previous concerns regarding the situation in Ukraine and raw-material prices. - FY2023-Q1ReframedAnnual report
「During the three-month period ended 30 June 2022 (1 April 2022 to 30 June 2022), restrictions on behavior related to COVID-19 were eased and economic activity moved toward normalization. However, uncertainty over the outlook continued owing to the prolonged situation in Ukraine and soaring raw-material prices.」
While the easing of restrictions and the movement toward economic normalization are noted, the prolonged situation in Ukraine and soaring raw-material prices continue to be identified as new sources of uncertainty. - FY2022ReframedAnnual report
「Although the impact of COVID-19 gradually diminished during the fiscal year, uncertainty over the outlook continued owing to soaring raw-material prices, the increasingly tense situation in Ukraine and the yen's rapid depreciation.」
In addition to the previous risks from COVID-19 and import prices, the disclosure specifically identifies the increasingly tense situation in Ukraine and the yen's rapid depreciation as sources of uncertainty. - FY2022-Q3ReframedAnnual report
「During the nine-month period ended 31 December 2021 (1 April 2021 to 31 December 2021), Japan's economy showed signs of recovery as the number of COVID-19 cases declined and economic activity recovered. However, conditions remained uncertain owing to soaring import prices, including crude oil prices, and concerns about the spread of a new variant.」
While noting the decline in infections and the recovery in economic activity, the disclosure identifies soaring import prices, including crude oil prices, and concerns about the spread of a new variant as new sources of uncertainty. - FY2022-Q2ReframedAnnual report
「During the six-month period ended 30 September 2021 (1 April 2021 to 30 September 2021), Japan's economy remained in difficult conditions as restrictions on social and economic activity continued owing to declarations of a state of emergency and the application of priority preventive measures, amid the rapid spread of COVID-19 variants.」
Amid continuing severe conditions caused by COVID-19, the rapid spread of variants and restrictions on social and economic activity under states of emergency and priority preventive measures are identified as concerns. - FY2022-Q1ReframedAnnual report
「Although signs of partial recovery have emerged owing to measures including the promotion of COVID-19 vaccinations, uncertainty over the outlook continues as infections have resurged due to new variants, prompting the government to reissue a state of emergency.」
While vaccinations have led to signs of partial recovery, uncertainty over the outlook persists owing to the resurgence of infections caused by new variants and the reissuance of a state of emergency. - FY2021RestatedAnnual report
「The global spread of COVID-19, including the impact of new variants, has left severe conditions continuing with no clear end in sight.」
The severe economic and business environment caused by COVID-19 and new variants continues. - FY2021-Q3ReframedAnnual report
「During the nine-month period ended 31 December 2020 (1 April 2020 to 31 December 2020), Japan's economy contracted rapidly, particularly personal consumption, due to the impact of COVID-19. Although signs of recovery emerged as economic activity gradually resumed, severe conditions continued owing to the sharp increase in infections from November onward.」
Severe economic conditions caused by COVID-19 continue, and the sharp increase in infections from November onward has been added as a new concern. - FY2021-Q2ReframedAnnual report
「During the six-month period ended 30 September 2020 (1 April 2020 to 30 September 2020), Japan's economy contracted rapidly, particularly personal consumption, due to the impact of COVID-19. Although signs of recovery emerged as economic activity gradually resumed, severe conditions continued.」
While signs of recovery resulting from the gradual resumption of economic activity have been added, the disclosure states that severe conditions continue. - FY2021-Q1RestatedAnnual report
「During the three-month period ended 30 June 2020 (1 April 2020 to 30 June 2020), Japan's economy contracted rapidly, particularly personal consumption, due to the impact of COVID-19, resulting in extremely severe conditions.」
The disclosure describes the contraction in economic activity caused by COVID-19 and the challenging business environment. It states, however, that there were no material changes in business and other risks. - FY2020WorsenedAnnual report
「Following the global spread of COVID-19, the economy has fallen sharply in the near term, and conditions for the outlook have also become extremely challenging.」
In addition to the previous uncertainty caused by economic and political factors, the disclosure points to a sharp economic downturn resulting from the global spread of COVID-19 and describes the outlook as “extremely challenging.” - FY2020-Q3RestatedAnnual report
「During the nine-month period ended 31 December 2019 (1 April 2019 to 31 December 2019), Japan's economy maintained a gradual recovery trend as employment and income conditions continued to improve. However, the outlook remained uncertain owing to prolonged trade friction between the US and China and a tendency for consumer sentiment to weaken.」
Uncertainty over the outlook persists, with prolonged trade friction between the US and China and weakening consumer sentiment cited as concerns. - FY2020-Q2ReframedAnnual report
「During the six-month period ended 30 September 2019 (1 April 2019 to 30 September 2019), Japan's economy continued to follow a gradual recovery trend as employment and income conditions improved. However, the outlook remained uncertain owing to prolonged trade friction between the US and China and a tendency for consumer sentiment to weaken.」
Uncertainty over the outlook persists, with the prolonged trade friction between the US and China and weakening consumer sentiment cited as concerns. - FY2020-Q1ReframedAnnual report
「Meanwhile, the outlook has become uncertain owing to the prolonged trade friction between the US and China and the risk of a slowdown in the Chinese economy.」
Uncertainty over the outlook persists, but the concerns are identified as the slowdown in the Chinese economy and prolonged trade friction between the US and China. - FY2019ReframedAnnual report
「Meanwhile, the outlook has become uncertain owing to the worsening labor shortage and the slowdown in the Chinese economy.」
Uncertainty over the outlook persists, but the concerns have been narrowed from trade friction between the US and China and the UK's EU withdrawal issue to labor shortages and the slowdown in the Chinese economy. - FY2019-Q3ReframedAnnual report
「Meanwhile, the outlook has become uncertain owing to the worsening labor shortage, the impact of trade friction between the US and China, and the UK's EU withdrawal issue.」
Uncertainty over the outlook persists, but the concerns have been updated to labor shortages, trade friction between the US and China, and the UK's EU withdrawal issue. - FY2019-Q2RestatedAnnual report
「Meanwhile, the outlook has become uncertain owing to concerns about the worsening labor shortage, soaring crude oil prices and escalating trade friction between the US and China.」
Uncertainty over the outlook persists, with labor shortages, crude oil prices and trade friction between the US and China cited as concerns. - FY2019-Q1ReframedAnnual report
「Meanwhile, the outlook has become uncertain owing to concerns about the worsening labor shortage, soaring crude oil prices and escalating trade friction between the US and China.」
Uncertainty over the outlook persists, but the concerns have been updated to labor shortages, soaring crude oil prices and escalating trade friction between the US and China. - FY2018-Q3ReframedAnnual report
「However, the outlook has become uncertain owing to the worsening labor shortage in Japan, developments in the economies of emerging markets including China, concerns about the operation of the US administration, and concerns about geopolitical risks.」
Uncertainty over the outlook persists, but the concern previously focused on the situation on the Korean Peninsula is now expressed as concern about geopolitical risks. - FY2018-Q2ReframedAnnual report
「However, the outlook has become uncertain owing to the worsening labor shortage in Japan, developments in the economies of emerging markets including China, concerns over the operation of the US administration, and concerns about the situation on the Korean Peninsula.」
Uncertainty over the outlook persists, but concerns about the situation on the Korean Peninsula have been added, while the US is described in terms of concerns about the operation of its administration. - FY2018-Q1ReframedAnnual report
「However, the outlook has become uncertain owing to the worsening labor shortage in Japan, developments in the economies of emerging markets including China, and the impact of US policy developments and the political situation in Europe.」
Uncertainty over the outlook persists, but the political situation in Europe has been added to the concerns, while the wording concerning China and the US has also been updated. - FY2017ReframedAnnual report
「However, the outlook has become uncertain owing to the worsening labor shortage in Japan, downside risks to the economies of emerging markets including China, and policy developments under the new US administration.」
Uncertainty over the outlook persists, but the concerns have shifted from the stronger yen and the UK's EU withdrawal to labor shortages, downside risks in emerging-market economies including China, and policy developments under the new US administration. - FY2017-Q3ReframedAnnual report
「However, the outlook has become uncertain owing to the UK's withdrawal from the EU, the economic slowdown in emerging markets, including China, and the impact of economic policies under the new US administration.」
Uncertainty over the outlook persists, but the concerns cited have shifted to the UK's EU withdrawal, the slowdown in emerging-market economies including China, and economic policies under the new US administration. - FY2017-Q2RestatedAnnual report
「During the six-month period ended 30 September 2016 (1 April 2016 to 30 September 2016), Japan's economy maintained a gradual recovery trend against a backdrop of improving employment and income conditions. However, signs of restrained corporate production and slowing personal consumption emerged as the yen appreciated and emerging-market economies slowed, and conditions evolved amid growing uncertainty over the outlook.」
The disclosure cites the stronger yen, the slowdown in emerging-market economies, restrained corporate production and slower personal consumption, and states that uncertainty over the outlook persists. - FY2017-Q1First statedAnnual report
「Although a gradual recovery trend was maintained against a backdrop of improving employment and income conditions, business conditions evolved amid growing uncertainty over the outlook, owing to the yen's appreciation, weak stock prices, the UK's EU withdrawal issue and the slowdown in emerging-market economies.」
External economic and political factors are described as uncertainties in the business environment.