Economic and Corporate Earnings Risks from Global Supply Chain Disruptions and Supply-Demand Imbalances
First written in FY2022-Q2. 7 of 14 entries say "Restated". Latest entry: FY2027-H1.
Tanaken moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 28 of 39 companies on the "Worse" side.
42 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「However, the outlook remains uncertain due to the impact of U.S. trade policy, geopolitical risks, rising energy and material prices associated with the closure of the Strait of Hormuz, and a downturn in domestic production activity caused by supply constraints.」
In addition to the previously identified geopolitical risks and rising energy and material prices, the company explicitly identifies a downturn in domestic production activity caused by supply constraints as a factor contributing to uncertainty over the outlook. - FY2026WorsenedAnnual report
「During the current fiscal year, the Japanese economy continued to recover moderately against a backdrop of solid corporate earnings and improvements in employment and income conditions. However, the outlook remained uncertain due to continuing concerns about high prices, the impact of U.S. trade policy and geopolitical risks, rising energy and materials prices associated with the closure of the Strait of Hormuz, and a downturn in domestic production activity caused by supply constraints.」
In addition to the previously cited situation in Ukraine, the situation in the Middle East and higher crude oil prices and the weakening yen, it specifically identifies U.S. trade policy, the closure of the Strait of Hormuz and a downturn in domestic production activity caused by supply constraints as factors contributing to uncertainty. - FY2025RestatedAnnual report
「However, in addition to continuing concerns about high prices, the outlook remains uncertain due to the impact of rising energy and materials prices resulting from geopolitical risks and higher crude oil prices.」
The disclosure continues to cover uncertainty about the outlook for the economy and corporate earnings due to geopolitical risks, higher crude oil prices and rising energy and materials prices. - FY2025-H1RestatedAnnual report
「During the interim accounting period, Japan's economy continued on a gradual recovery trend, supported by solid corporate earnings and other factors. However, uncertainty over the outlook continued due to the situation in Ukraine, heightened tensions in the Middle East, and rising energy and material prices primarily attributable to higher crude oil prices and the yen's depreciation.」
The disclosure continues to identify the situation in Ukraine, the situation in the Middle East, higher crude oil prices and the weakening yen as factors behind rising energy and materials prices. - FY2024WorsenedAnnual report
「During the current fiscal year, the Japanese economy continued to recover moderately against a backdrop of solid corporate earnings and other factors. However, the outlook remained uncertain due to the impact of rising energy and materials prices, primarily as a result of the situation in Ukraine, heightened tensions in the Middle East, higher crude oil prices and the weakening yen.」
In addition to the situation in Ukraine, it identifies heightened tensions in the Middle East, higher crude oil prices and the weakening yen as factors behind rising energy and materials prices. - FY2024-Q3RestatedAnnual report
「At the end of the cumulative third quarter of the current fiscal year, the Japanese economy was recovering moderately against a backdrop of solid corporate earnings and other factors. However, the outlook remained uncertain due to the impact of rising energy and materials prices, primarily as a result of the situation in Ukraine, higher crude oil prices and the weakening yen.」
While referring to solid corporate earnings and signs of an economic recovery, the disclosure continues to cover uncertainty about the outlook due to the situation in Ukraine, higher crude oil prices, the weakening yen and rising energy and materials prices. - FY2024-Q2WorsenedAnnual report
「At the end of the cumulative second quarter of the current fiscal year, the Japanese economy was recovering moderately against a backdrop of solid corporate earnings and other factors. However, the outlook remained uncertain due to the impact of rising energy and materials prices, primarily as a result of the situation in Ukraine, higher crude oil prices and the weakening yen.」
It specifically identifies the situation in Ukraine, rising energy and materials prices, higher crude oil prices and the weakening yen as factors contributing to uncertainty about the outlook. The price increases are described as actual economic conditions. - FY2024-Q1RestatedAnnual report
「At the end of the cumulative first quarter of the current fiscal year, although the COVID-19 pandemic had begun to subside in Japan, the outlook remained uncertain due to the impact of rising energy and materials prices, primarily as a result of the situation in Ukraine.」
While noting that the COVID-19 pandemic had begun to subside, the disclosure continues to cover rising energy and materials prices, primarily due to the situation in Ukraine, and uncertainty about the outlook. - FY2023RestatedAnnual report
「However, given the uncertain outlook, including the impact of rising energy and materials prices, primarily due to the situation in Ukraine, we have prepared our business plan based on certain conditions that we consider appropriate and reasonable based on the information currently available. We will closely monitor changes in the business environment and make timely disclosure if we determine that a revision is necessary.」
The disclosure continues to cover rising energy and materials prices, primarily due to the situation in Ukraine, and the uncertainty surrounding the future business environment. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, the Japanese economy was gradually moving toward normalization of economic activity as COVID-19 vaccination became more widespread and other factors took effect. However, the imbalance between supply and demand caused by global supply chain disruptions had yet to be resolved, and the outlook remained uncertain.」
While referring to the normalization of economic activity, it states that global supply chain disruptions and the resulting imbalance between supply and demand remain unresolved and that uncertainty about the outlook continues. - FY2023-Q1RestatedAnnual report
「However, the outlook for domestic economic conditions and corporate earnings remained uncertain due to shortages and soaring prices of materials, food and other goods resulting from the spread of the Omicron variant, higher crude oil prices primarily attributable to the situation in Ukraine, and global supply chain disruptions.」
The disclosure continues to describe, as of the end of the previous fiscal year, the uncertainty surrounding the domestic economy and corporate earnings arising from supply chain disruptions, shortages and rising prices of materials and other goods, the situation in Ukraine and higher crude oil prices. - FY2022WorsenedAnnual report
「However, the outlook for domestic economic conditions and corporate earnings remained uncertain due to shortages and soaring prices of materials, food and other goods resulting from the spread of the Omicron variant, higher crude oil prices primarily attributable to the situation in Ukraine, and global supply chain disruptions.」
Supply chain disruptions have materialized in the external environment as shortages and rising prices of materials and other goods, while the situation in Ukraine and higher crude oil prices have further increased uncertainty surrounding the domestic economy and corporate earnings. - FY2022-Q3WorsenedAnnual report
「The imbalance between supply and demand caused by global supply chain disruptions has yet to be resolved, and the outlook for the domestic economy and corporate earnings remains uncertain.」
It states that supply chain disruptions and the resulting imbalance between supply and demand have not yet been resolved, and that uncertainty surrounding the domestic economy and corporate earnings continues. The disruptions underlying the risk are described as actual external conditions. - FY2022-Q2First statedAnnual report
「However, given the many uncertainties, including disruptions to global supply chains and resulting imbalances between supply and demand, it remains unclear whether conditions will continue to have a positive effect on the domestic economy and corporate earnings.」
Global supply chain disruptions and the resulting imbalance between supply and demand are described as actual external conditions, with the uncertainty surrounding their impact on the domestic economy and corporate earnings presented as a new risk.