Uncertainty over the outlook due to the slowdown in overseas economies, the stronger yen and the decline in stock prices
First written in FY2017-Q1. 15 of 33 entries say "Reframed", first in FY2017-Q2. Latest entry: FY2026.
Axyz moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2020: 136 of 153 companies on the "Worse" side.
33 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「During the consolidated fiscal year under review, Japan's economy continued to recover moderately, supported by improvements in the employment and income environment and growing inbound demand. However, the economic outlook remained uncertain due to the situation in the Middle East, volatility in financial and capital markets, including foreign-exchange markets, and continuing inflation.」
Although the moderate recovery trend and uncertainty over the outlook continue, the factors contributing to uncertainty this time have been organized as the situation in the Middle East, volatility in financial and capital markets, including foreign-exchange markets, and continuing inflation. - FY2026-H1ReframedAnnual report
「During the interim consolidated period under review, Japan's economy continued to recover moderately, supported by improvements in the employment and income environment and growing inbound demand. However, the economic outlook remained uncertain due to rising geopolitical risks, developments in US trade policy and persistently high raw-material prices, among other factors.」
Although the moderate recovery trend and uncertainty over the outlook continue, the cited risk factors are US trade policy, geopolitical risks and persistently high raw-material prices, representing a change from the previous framework of soaring resource prices, foreign-exchange volatility and volatility in financial and capital markets. - FY2025-H1ReframedAnnual report
「However, the economic outlook remained uncertain due to the situation surrounding Ukraine and the Middle East, soaring resource prices, foreign-exchange volatility and volatility in financial and capital markets.」
Although uncertainty over the outlook continues, the risk factors have been organized and changed from the rapid depreciation of the yen and inflation to soaring resource prices, foreign-exchange volatility and volatility in financial and capital markets. - FY2024-Q3ReframedAnnual report
「However, the economic outlook remained uncertain due to the situation surrounding Ukraine and the Middle East, further inflation caused in part by the rapid depreciation of the yen, and volatility in financial and capital markets.」
Although uncertainty over the outlook continues, the cited risk factors are the situations in Ukraine and the Middle East, inflation caused by the rapid depreciation of the yen, and volatility in financial and capital markets. - FY2024-Q2RestatedAnnual report
「During the cumulative consolidated second quarter under review, restrictions on economic activity due to COVID-19 were eased, economic and social activity moved toward normalization, and the economy showed signs of recovery. However, the economic outlook remained uncertain due to heightened international tensions and the rapid depreciation of the yen, among other factors.」
While economic and social activity normalized and the economy continued to recover, uncertainty over the outlook due to heightened international tensions and the rapid depreciation of the yen continued from the previous quarter. - FY2024-Q1SoftenedAnnual report
「During the cumulative consolidated first quarter under review, restrictions on economic activity due to COVID-19 were eased, economic and social activity moved toward normalization, and the economy showed signs of recovery. However, the economic outlook remained uncertain due to heightened international tensions and the rapid depreciation of the yen, among other factors.」
Although uncertainty over the outlook due to heightened international tensions and the rapid depreciation of the yen continues, references to rising resource prices and accelerating inflation that had been specified previously have been removed. - FY2023-Q3RestatedAnnual report
「During the cumulative consolidated third quarter under review, restrictions on economic activity due to COVID-19 were eased and economic and social activity moved toward normalization. However, resource prices rose and inflation accelerated due to heightened international tensions and the rapid depreciation of the yen, leaving the economic outlook uncertain.」
While economic activity moved toward normalization, uncertainty over the outlook due to heightened international tensions, the rapid depreciation of the yen, rising resource prices and accelerating inflation continued from the previous quarter. - FY2023-Q2RestatedAnnual report
「During the cumulative consolidated second quarter under review, restrictions on economic activity due to COVID-19 were eased, economic and social activity moved toward normalization, and the economy showed signs of recovery. However, resource prices rose and inflation accelerated due to heightened international tensions and the rapid depreciation of the yen, leaving the economic outlook uncertain.」
While economic and social activity normalized and the economy showed signs of recovery, uncertainty over the outlook due to heightened international tensions, the rapid depreciation of the yen, rising resource prices and accelerating inflation continued from the previous quarter. - FY2023-Q1ReframedAnnual report
「During the cumulative consolidated first quarter under review, restrictions on economic activity due to COVID-19 were eased, economic and social activity moved toward normalization, and the economy showed signs of recovery. However, resource prices rose and inflation accelerated due to heightened international tensions and the rapid depreciation of the yen, leaving the economic outlook uncertain.」
While the easing of restrictions on economic activity and progress toward normalization are noted, rising resource prices and inflation caused by the rapid depreciation of the yen have been specified, in addition to the existing geopolitical risks and high resource prices, as factors contributing to uncertainty over the outlook. - FY2022-Q3WorsenedAnnual report
「During the cumulative consolidated third quarter under review, Japan's economy remained difficult due to restrictions on corporate activity and personal consumption accompanying the global spread of COVID-19. In addition, the outlook became highly uncertain as infections spread again due to virus variants. Furthermore, Russia's invasion of Ukraine emerged as a geopolitical risk in February this year, increasing uncertainty in the business environment surrounding the Company, including by causing further rises in resource prices.」
In addition to the difficult economic environment caused by COVID-19 and virus variants, Russia's invasion of Ukraine emerged as a geopolitical risk, and rising resource prices and increasing uncertainty in the business environment have been newly cited. - FY2022-Q2ReframedAnnual report
「During the cumulative consolidated second quarter under review, Japan's economy remained difficult due to restrictions on corporate activity and personal consumption accompanying the global spread of COVID-19. In addition, the outlook became highly uncertain as infections spread again due to variants of the virus.」
Restrictions on corporate activity and personal consumption due to COVID-19 and the highly uncertain outlook continue. This time, virus variants have been specifically identified as a factor behind the renewed spread of infections. - FY2022-Q1RestatedAnnual report
「During the cumulative consolidated first quarter under review, Japan's economy remained difficult due to restrictions on corporate activity and personal consumption accompanying the global spread of COVID-19. In addition, the outlook became highly uncertain as infections spread again.」
Difficult economic conditions and a highly uncertain outlook continue against a backdrop of restrictions on corporate activity and personal consumption due to COVID-19 and the renewed spread of infections. - FY2021RestatedAnnual report
「During the consolidated fiscal year under review, Japan's economy remained difficult due to restrictions on corporate activity and personal consumption accompanying the global spread of COVID-19. In addition, the outlook became highly uncertain as infections spread again.」
Difficult economic conditions and a highly uncertain outlook continue against a backdrop of restrictions on corporate activity and personal consumption due to COVID-19 and the renewed spread of infections. - FY2021-Q3RestatedAnnual report
「During the cumulative consolidated third quarter under review, Japan's economy remained difficult due to restrictions on corporate activity and personal consumption accompanying the global spread of COVID-19. In addition, the outlook became highly uncertain as infections spread again.」
Difficult conditions arising from restrictions on corporate activity and personal consumption and the renewed spread of COVID-19, as well as the highly uncertain outlook, continue on the same basis as in the previous quarter. - FY2021-Q2WorsenedAnnual report
「During the cumulative consolidated second quarter under review, Japan's economy remained difficult due to restrictions on corporate activity and personal consumption accompanying the global spread of COVID-19. In addition, the outlook became highly uncertain as infections spread again.」
As restrictions on corporate activity and personal consumption continue, the renewed spread of COVID-19 has been added as a new adverse factor, and conditions remain highly uncertain. - FY2021-Q1WorsenedAnnual report
「During the cumulative consolidated first quarter under review, Japan's economy remained highly uncertain as restrictions on corporate activity and personal consumption accompanying the global spread of COVID-19 raised concerns over a continued slowdown in economic activity.」
Restrictions on corporate activity and personal consumption due to COVID-19 and concerns over a slowdown in economic activity continue, with uncertainty over the outlook intensifying to "highly uncertain." - FY2020-Q3MaterialisedAnnual report
「During the cumulative consolidated third quarter under review, Japan's economy showed a moderate recovery as the employment and income environment improved. However, uncertainty over the outlook continued due to the impact of the spread of the novel coronavirus.」
The impact of the spread of the novel coronavirus has emerged as a specific factor behind the previously noted uncertainty over the outlook. - FY2020-Q2ReframedAnnual report
「During the cumulative consolidated second quarter under review, Japan's economy showed a moderate recovery as the employment and income environment improved. However, numerous downside risks to the economy, including weak domestic consumption following the consumption tax increase and heightened international tensions, remained, and the outlook continued to be uncertain.」
Although the underlying uncertainty over the outlook continues, the risk factors have been organized and changed from the previous quarter's escalating US-China trade friction to weak domestic consumption following the consumption tax increase and heightened international tensions. - FY2020-Q1ReframedAnnual report
「During the cumulative consolidated first quarter under review, Japan's economy showed signs of a moderate recovery as the employment and income environment improved. However, the outlook remained uncertain due to risks including weak domestic consumption following the consumption tax increase and escalating US-China trade friction.」
Although the underlying uncertainty over the outlook continues, weak domestic consumption following the consumption tax increase and escalating US-China trade friction are cited as risk factors. - FY2019ReframedAnnual report
「During the consolidated fiscal year under review, Japan's economy showed a moderate recovery as the employment and income environment improved. However, numerous downside risks to the economy, including trade issues and heightened international tensions, remained, and the outlook continued to be uncertain.」
Although the underlying uncertainty over the outlook continues, the factors cited this time have been organized as trade issues, heightened international tensions and downside risks to the economy. - FY2019-Q3WorsenedAnnual report
「During the cumulative consolidated third quarter under review, Japan's economy showed a moderate recovery as corporate earnings and the employment and income environment improved. However, numerous downside risks to the economy arose from concerns over a slowdown in the Chinese economy due to prolonged US-China trade friction and uncertainty surrounding the UK's EU withdrawal, and uncertainty over the outlook continued.」
Concerns over a slowdown in the Chinese economy due to prolonged US-China trade friction have been specified, and it is explained that, together with the UK's EU withdrawal and other factors, numerous downside risks to the economy remain. - FY2019-Q2RestatedAnnual report
「During the cumulative consolidated second quarter under review, Japan's economy showed a moderate recovery, supported by solid corporate earnings and improving employment conditions. However, the outlook remained uncertain due to the impact of escalating US-China trade friction and the UK's EU withdrawal.」
Uncertainty over the outlook arising from escalating US-China trade friction and the UK's EU withdrawal continues on the same basis as in the previous quarter. - FY2019-Q1ReframedAnnual report
「During the cumulative consolidated first quarter under review, Japan's economy showed a moderate recovery, supported by solid corporate earnings and improving employment conditions. However, the outlook remained uncertain due to the impact of escalating US-China trade friction and the UK's EU withdrawal.」
Although the underlying uncertainty over the outlook continues, the factors cited this time are the escalation of US-China trade friction and the UK's EU withdrawal, among others. - FY2018ReframedAnnual report
「During the consolidated fiscal year under review, Japan's economy showed a moderate recovery as corporate earnings and the employment and income environment improved. However, the outlook remained uncertain due to changes in US policy, the emergence of trade issues with other countries and rising geopolitical risks, including those involving North Korea.」
A moderate recovery in the domestic economy and uncertainty over the outlook continue, while the emergence of trade issues and rising geopolitical risks have been newly specified. - FY2018-Q3WorsenedAnnual report
「During the cumulative consolidated third quarter under review, Japan's economy showed a moderate recovery as corporate earnings and the employment and income environment improved. However, numerous downside risks to the economy arose from irregular movements in stock prices and foreign-exchange markets caused by geopolitical risks, including US policy and the North Korea issue, as well as concerns over rising long-term interest rates, and uncertainty over the outlook continued.」
The explanation has expanded beyond the existing geopolitical risks to include concerns over rising long-term interest rates, irregular movements in stock prices and foreign-exchange markets, and numerous downside risks to the economy. - FY2018-Q2RestatedAnnual report
「During the cumulative consolidated second quarter under review, Japan's economy showed a moderate recovery as corporate earnings and the employment and income environment improved. However, the outlook remained uncertain due to geopolitical risks, including US policy and the North Korea issue.」
Uncertainty over the outlook arising from geopolitical risks, including US policy and the North Korea issue, continues on the same basis as in the previous quarter. - FY2018-Q1ReframedAnnual report
「During the cumulative consolidated first quarter under review, Japan's economy showed signs of a moderate recovery as corporate earnings and employment conditions improved. However, the outlook remained uncertain due to geopolitical risks, including US policy and the North Korea issue.」
Although the underlying uncertainty over the outlook continues, the risk factors have been changed and specified as US policy, the North Korea issue and geopolitical risks. - FY2017-Q3RestatedAnnual report
「During the cumulative consolidated third quarter under review, Japan's economy showed a moderate recovery as corporate earnings and the employment and income environment improved. However, uncertainty surrounding overseas economies increased due to changes in US policy, the UK's EU withdrawal issue and slowing growth in emerging-market economies, and uncertainty over the economic outlook continued.」
The same factors and underlying uncertainty as in the previous quarter continue to affect overseas economic uncertainty and the economic outlook. - FY2017-Q2ReframedAnnual report
「In addition to the UK's EU withdrawal issue and slowing growth in emerging-market economies, sharp volatility in financial markets due in part to the US presidential election has left the economic outlook uncertain.」
Although the underlying uncertainty over the outlook continues, the risk factors have been specified and changed from a stronger yen and falling stock prices to the UK's EU withdrawal, slowing growth in emerging-market economies, the US presidential election and sharp financial-market volatility. - FY2017-Q1First statedAnnual report
「Uncertainty over the outlook has continued amid the impact of slowing overseas economies, the yen's appreciation and falling stock prices.」
A slowdown in overseas economies, a stronger yen and falling stock prices are cited as external factors contributing to uncertainty.