Uncertainty over the Outlook Amid Trade Issues and Financial and Capital Market Volatility
First written in FY2019-Q3. 11 of 22 entries say "Worsened", first in FY2020-Q3. Latest entry: 2026-08-13.
SAAF Holdings moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
65 other companies' latest entry also says "Restated".
- 2026-08-13RestatedEarnings
「At the same time, in addition to persistently high raw-material prices, the impact of U.S.-China trade policies and the worsening situation in the Middle East remains a concern, and the outlook continues to be uncertain.」
Raw-material prices, U.S.-China trade policies and the Middle East situation continued to be identified as factors making the outlook uncertain. - FY2026WorsenedAnnual report
「At the same time, in addition to persistently high raw-material prices, the impact of U.S.-China trade policies and the worsening situation in the Middle East remains a concern, and the outlook continues to be uncertain.」
In addition to the existing monetary tightening, international conditions and rising prices, deteriorating US-China trade policies and the situation in the Middle East were identified as sources of uncertainty in the external environment. - FY2026-H1WorsenedAnnual report
「However, the effects of US trade policy and continued price increases pose downside risks to the economy, and uncertainty about the outlook continues.」
In addition to the previously cited monetary tightening and international conditions, US trade policy and continued price increases were identified as factors weighing on the economy. - FY2025-H1RestatedAnnual report
「Although the global economy was recovering, uncertainty about the outlook remained due to concerns over the effects of global monetary tightening and unstable international conditions, among other factors.」
Global monetary tightening and concerns about unstable international conditions continue to be viewed as sources of uncertainty about the outlook for the global economy. - FY2024-Q3RestatedAnnual report
「Looking ahead, downside risks to overseas economies, including the effects of global monetary tightening and concerns about the outlook for China's economy, could weigh on Japan's economy, and close attention must be paid to the effects of rising prices, supply-side constraints, and financial and capital market volatility, among other factors.」
Global monetary tightening, concerns about the outlook for China's economy, rising prices, supply constraints, and financial and capital market volatility continue to be viewed as risks to the outlook. - FY2024-Q2WorsenedAnnual report
「Looking ahead, downside risks to overseas economies, including the effects of global monetary tightening and concerns about the outlook for China's economy, could weigh on Japan's economy, and close attention must be paid to the effects of rising prices, supply-side constraints, and financial and capital market volatility, among other factors.」
Although the economic recovery trend was recognized, global monetary tightening, concerns about the outlook for China's economy, rising prices, supply constraints, and financial and capital market volatility were identified as risks to the outlook. - FY2024-Q1WorsenedAnnual report
「During the first quarter of the consolidated cumulative period under review, the economies of Japan and the rest of the world continued to recover gradually, supported in part by the effects of various policies. Looking ahead, downside risks to overseas economies amid continued global monetary tightening could weigh on Japan's economy, and close attention must be paid to the effects of rising prices, supply-side constraints, and financial and capital market volatility, among other factors.」
Although the economic recovery was recognized, global monetary tightening, downside risks to overseas economies, rising prices, supply constraints, and financial and capital market volatility were identified as risks to the outlook. - FY2023-Q3WorsenedAnnual report
「During the third quarter of the consolidated cumulative period under review, Japan's economy showed signs of a gradual recovery due to the easing of COVID-19 restrictions, among other factors. However, the outlook remained unclear amid soaring energy and raw material prices associated with the prolonged situation in Ukraine, the rapid depreciation of the yen, and the acceleration of global monetary tightening, among other factors.」
Although the economy showed signs of recovery following the easing of restrictions, the acceleration of global monetary tightening was added as a new source of uncertainty, while soaring energy and raw material prices and the rapid depreciation of the yen continued. - FY2023-Q2WorsenedAnnual report
「During the second quarter of the consolidated cumulative period under review, social and economic activity in Japan and globally showed signs of recovery due to the easing of COVID-19 restrictions, among other factors. However, the outlook remained unclear amid the renewed increase in infections during the seventh wave of COVID-19, soaring energy prices, higher raw material prices, and the rapid depreciation of the yen, among other factors.」
Although the easing of restrictions prompted signs of recovery, the renewed increase in infections during the seventh wave, higher energy and raw material prices, and the rapid depreciation of the yen were identified as new sources of uncertainty. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the consolidated cumulative period under review, social and economic activity in Japan and globally showed signs of recovery due to the easing of COVID-19 restrictions, among other factors. However, the outlook remained unclear amid soaring energy and raw material prices due to the prolonged Russian invasion of Ukraine and rising prices, among other factors.」
Although the easing of COVID-19 restrictions prompted signs of recovery, the prolonged Russian invasion of Ukraine, soaring energy and raw material prices, and rising prices were identified as new sources of uncertainty. - FY2022WorsenedAnnual report
「During the consolidated fiscal year under review, social and economic activity was intermittently restricted due to the effects of COVID-19 and other factors, as well as Russia's invasion of Ukraine, and the situation remained uncertain with no clear outlook.」
In addition to the uncertainty previously caused by COVID-19 and other factors, Russia's invasion of Ukraine was identified as a new external factor. - FY2022-Q3RestatedAnnual report
「During the third quarter of the consolidated cumulative period under review, the economies of Japan and the rest of the world showed signs of recovery, but the outlook remained uncertain.」
Although the domestic and overseas economies showed signs of recovery, the view of an uncertain outlook as an external condition continues. - FY2022-Q1RestatedAnnual report
「During the first quarter of the consolidated cumulative period under review, the economies of Japan and the rest of the world remained in a difficult situation due to the effects of COVID-19.」
The difficult conditions and uncertainty about the outlook for the domestic and overseas economies due to COVID-19 continue to be reported. - FY2021-Q3WorsenedAnnual report
「During the third quarter of the consolidated cumulative period under review, Japan's economy remained in a difficult situation due to the effects of COVID-19. The global economy also remained uncertain as the spread of the infection accelerated again and activity restrictions intensified.」
The renewed spread of COVID-19 and intensified activity restrictions were identified, increasing uncertainty about the outlook for the global economy. - FY2020WorsenedAnnual report
「During the consolidated fiscal year under review, Japan's economy followed a gradual recovery trend due to improvements in corporate earnings and the employment and income environment, among other factors, but personal consumption weakened in the second half due to a succession of natural disasters and the consumption tax increase. In addition to the UK's withdrawal from the EU and developments in US-China trade issues, the effects of the spread of COVID-19 also intensified, and uncertainty about the outlook continued.」
In addition to the previously cited UK's withdrawal from the EU and US-China trade issues, the effects of the spread of COVID-19 were identified. - FY2020-Q3WorsenedAnnual report
「The overseas economy remained uncertain due to the effects of the UK's withdrawal from the EU, developments in US-China trade issues, and financial and capital market volatility.」
In addition to the previously cited US-China trade issues and financial and capital market volatility, the UK's withdrawal from the EU was identified as a source of uncertainty. - FY2020-Q2RestatedAnnual report
「Although the global economy was gradually recovering overall, uncertainty about the outlook continued due to the prolonged US-China trade friction and the slowdown in China's economy, among other factors.」
The prolonged US-China trade friction, the slowdown in China's economy, and uncertainty about the outlook for the global economy continue to be viewed as external risks. - FY2020-Q1RestatedAnnual report
「Although the global economy was gradually recovering overall, uncertainty about the outlook continued due to the prolonged US-China trade friction and the slowdown in China's economy, among other factors.」
The prolonged US-China trade friction, the slowdown in China's economy, and uncertainty in the overseas economy continue to be viewed as external risks. - FY2019RestatedAnnual report
「During the consolidated fiscal year under review, Japan's economy faced an uncertain outlook due to uncertainty in the overseas economy resulting from the effects of US-China trade friction and the slowdown in China's economy, among other factors,」
US-China trade friction, the slowdown in China's economy, and uncertainty in the overseas economy continue to be viewed as external risks. - FY2019-Q3First statedAnnual report
「The overseas economy remained uncertain, with attention required regarding developments in US-China trade issues and the effects of financial and capital market volatility.」
US-China trade issues and financial and capital market volatility are cited as sources of uncertainty for the overseas economy.