External-Environment Risks from Brexit, Slowing Emerging Markets and Yen Appreciation
First written in FY2017-Q2. 5 of 23 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2026.
Mirait One moved to the "Worse" side of this theme in 2021, 2 years after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 140 of 172 companies on the "Worse" side.
25 other companies' latest entry also says "Other".
- FY2026Updated areas of concernAnnual report
「Meanwhile, the outlook for the economy remains uncertain due to rising geopolitical risks, developments in U.S. trade policy and continued inflation.」
The external risk factors identified were geopolitical risks, U.S. trade policy and continued inflation. - FY2025Updated areas of concernAnnual report
「Meanwhile, uncertainty about the outlook continues due to rising prices, future policy developments by the United States, including trade policy, and the impact of the prolonged situations in Ukraine and the Middle East.」
Rising prices, U.S. trade policy, and the prolonged situations in Ukraine and the Middle East were listed as external environment concerns. - FY2025-H1Updated areas of concernAnnual report
「Meanwhile, uncertainty about the outlook continues due to the prolonged situations in Ukraine and the Middle East, rising prices, and the impact of continued high interest rates in Europe and the United States.」
The prolonged situation in the Middle East and continued high interest rates in Europe and the United States were added to the existing external environment concerns regarding Ukraine and other matters. - FY2024-Q3Updated areas of concernAnnual report
「Meanwhile, uncertainty about the outlook continues due to the prolonged situation in Ukraine, rising prices, and the impact of global monetary tightening.」
Continued to list the prolonged situation in Ukraine, rising prices, and the impact of global monetary tightening as external environment concerns. - FY2024-Q1Updated areas of concernAnnual report
「However, uncertainty about the outlook continues due to the prolonged situation in Ukraine, higher raw material and energy prices, rising prices, foreign exchange fluctuations, and global monetary tightening.」
Continued to list the prolonged situation in Ukraine, higher raw material and energy prices, rising prices, foreign exchange fluctuations, and global monetary tightening as external environment concerns. - FY2023Updated areas of concernAnnual report
「However, the economic outlook remains unstable due to higher raw material and energy prices and rising prices resulting from the prolonged situation in Ukraine, supply chain constraints, and global monetary tightening, and continued monitoring is necessary.」
Global monetary tightening was listed as an external environment concern in addition to higher raw material and energy prices, rising prices, and supply chain constraints. - FY2023-Q3Updated areas of concernAnnual report
「Regarding the Japanese economy during the first nine months of the current fiscal year, uncertainty about the outlook continued due to higher raw material and energy prices and rising prices resulting from the prolonged situation in Ukraine, supply chain constraints, and sharp foreign exchange fluctuations.」
Regarding external environment risks, the prolonged situation in Ukraine, higher raw material and energy prices, rising prices, supply chain constraints, and sharp foreign exchange fluctuations were listed as matters of concern. - FY2023-Q1WorsenedAnnual report
「Meanwhile, uncertainty about the outlook continues due to higher raw material and fuel prices resulting from the prolonged situation in Ukraine and restrictions on economic activity in China, supply chain disruptions, and the sharp depreciation of the yen.」
Regarding external environment risks, the prolonged situation in Ukraine, restrictions on economic activity in China, higher raw material and fuel prices, supply chain disruptions, and the sharp depreciation of the yen were listed as new matters of concern. - FY2022WorsenedAnnual report
「Going forward, attention must be paid to downside risks from semiconductor supply shortages caused by developments in the pandemic and the situation in Ukraine, higher raw material and energy prices, and impacts transmitted through supply chains.」
In addition to the existing risks from the pandemic and semiconductor supply shortages, the situation in Ukraine and higher raw material and energy prices were added as downside factors for performance. - FY2022-Q3WorsenedAnnual report
「Regarding the Japanese economy during the first nine months of the current fiscal year, economic activity showed signs of gradually moving toward normalization following the full lifting at the end of September of states of emergency and other measures imposed in response to COVID-19. However, the outlook again became uncertain as the number of new infections from a new variant increased sharply.」
Regarding COVID-19, although economic activity was moving toward normalization, uncertainty about the outlook intensified again due to the sharp increase in infections from a new variant. - FY2022-Q1WorsenedAnnual report
「Although progress toward normalizing economic activity through expanded vaccination is expected, the timing of containment remains unforeseeable, as states of emergency have been reissued and priority preventive measures have been applied mainly in the Tokyo metropolitan area amid the spread of variants, and uncertainty about the outlook continues.」
Regarding COVID-19, described the continued uncertainty over the timing of containment due to the spread of variants and the reissuance of states of emergency. - FY2021-Q3WorsenedAnnual report
「Going forward, the timing of containment remains unforeseeable amid the resurgence of COVID-19, including the issuance of a second state of emergency in January 2021, and concerns remain that uncertainty about the outlook will continue.」
External environment concerns have intensified from the prolonged impact of the pandemic to its resurgence and the second state of emergency. - FY2021-Q2Update to matters of concernAnnual report
「Regarding the Japanese economy during the first six months of the current fiscal year, conditions remained severe due to the prolonged impact of the COVID-19 pandemic. Going forward, the timing of the pandemic's containment remains unforeseeable, and there are concerns that uncertainty about the outlook will continue.」
The focus of external environment concerns changed from overseas economies and natural disasters to the prolonged impact of COVID-19 and uncertainty over when the pandemic will be contained. - FY2020-Q3Update to matters of concernAnnual report
「Regarding the Japanese economy during the first nine months of the current fiscal year, although uncertainty about the outlook continued due to overseas economic trends and the impact of successive natural disasters on the economy, the economy remained on a moderate recovery track, supported by solid corporate earnings and improved employment conditions.」
Regarding external environment risks, the impact of successive natural disasters on the economy was listed as a matter of concern in addition to overseas economic trends. This does not indicate the occurrence of a specific risk. - FY2020-Q2Update to matters of concernAnnual report
「Regarding the Japanese economy during the first six months of the current fiscal year, the economy remained on a moderate recovery track, supported by solid corporate earnings and improved employment conditions, although uncertainty about the outlook continued due to uncertainty surrounding overseas economies.」
The description changed from specific references such as U.S.-China trade friction to uncertainty surrounding overseas economies as a factor causing an unclear outlook. - FY2020-Q1Update to matters of concernAnnual report
「Regarding the Japanese economy during the first three months of the current fiscal year, although uncertainty about the outlook continued, with concerns about the impact of escalating U.S.-China trade friction on the global economy,」
The focus of the external environment concerns changed from the previous reference to U.S. trade policy to the impact of escalating U.S.-China trade friction on the global economy. - FY2019-Q2Update to matters of concernAnnual report
「Regarding the Japanese economy during the first six months of the current fiscal year, although there were matters of concern, including the potential impact on the global economy of U.S. trade policy and the impact of natural disasters occurring across Japan on the economy, the economy continued on a moderate recovery track, supported by improved corporate earnings and employment conditions.」
Regarding matters of concern in the external environment, described the impact on the economy of natural disasters across Japan in addition to the potential impact on the global economy of U.S. trade policy. - FY2019-Q1Update to matters of concernAnnual report
「Regarding the Japanese economy during the first three months of the current fiscal year, although there were matters of concern, including the potential impact on the global economy of U.S. trade policy, the economy continued on a moderate recovery track, supported by improved corporate earnings and employment conditions.」
The matter of concern changed from policy developments under the former U.S. administration and instability in the global political situation to the potential impact of U.S. trade policy on the global economy. - FY2018RestatedAnnual report
「Regarding the Japanese economy in FY2017, although there were matters of concern, including policy developments under the U.S. administration and instability in the global political situation, the economy continued on a moderate recovery track, supported by increased corporate earnings and capital investment and improved employment conditions.」
Continued to list policy developments under the U.S. administration and instability in the global political situation as matters of concern in the external environment. - FY2018-Q2Update to the wording of matters of concernAnnual report
「Regarding the Japanese economy during the first six months of the current fiscal year, although there were matters of concern, including policy developments under the new U.S. administration and instability in the global political situation, the economy continued on a moderate recovery track, supported by improved corporate earnings and employment conditions.」
Regarding external environment risks, instability in the global political situation was listed as a matter of concern in addition to policy developments under the new U.S. administration. - FY2018-Q1Shift in focus of matters of concernAnnual report
「Although there were matters of concern, including the potential impact on the global economy of policy developments under the new U.S. administration,」
Regarding external environment risks, the wording changed from the transition of the U.S. administration to policy developments under the new U.S. administration, with the potential impact on the global economy listed as a matter of concern. - FY2017-Q3Update to matters of concernAnnual report
「However, concerns remain regarding the potential impact on the global economy of Brexit and the transition of the U.S. administration.」
In addition to Brexit, the transition of the U.S. administration was listed as a new matter of concern. Meanwhile, the previous references to slowing emerging-market economies and yen appreciation were omitted. - FY2017-Q2First statedAnnual report
「However, concerns remain, including the potential impact on the global economy of Brexit and slowing emerging-market economies, as well as further yen appreciation.」
For the performance analysis, Brexit, slowing emerging-market economies, and further yen appreciation were listed for the first time as matters of concern going forward.