Higher costs due to a weaker yen, geopolitical risks, and inflation
First written in FY2024-Q1. 3 of 6 entries say "Reframed", first in FY2025-H1. Latest entry: FY2026-H1.
Hatch Work moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 14 of 20 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2026-H1ReframedAnnual report
「In the global economy, capital investment centered on AI-related demand remained solid, while inflation continued and overseas economic uncertainty, including U.S. trade policy, and geopolitical risks in the Middle East and Ukraine persisted. Against this backdrop, the outlook remained uncertain, including volatility in financial and capital markets and foreign-exchange markets.」
The description of external uncertainty now explicitly includes inflation, geopolitical risks, U.S. trade policy and volatility in financial and foreign-exchange markets. - FY2025-H1ReframedAnnual report
「The economy was on a moderate recovery trend, supported by a recovery in personal consumption and inbound demand. However, the outlook remained uncertain because of inflation, persistently high energy costs, and caution regarding U.S. policies and financial-market trends.」
The description of external uncertainty shifted from yen depreciation, geopolitical risks and inflation to inflation, energy costs, U.S. policy and financial-market trends. No material change was reported in the formal business risks. - FY2024-H1RestatedAnnual report
「During the interim accounting period, Japan’s economy continued to recover moderately as socioeconomic activity normalized further and employment and income conditions improved. However, the outlook remained uncertain, with costs elevated by higher prices amid yen depreciation and prolonged geopolitical risks.」
Higher costs due to yen depreciation, geopolitical risks and inflation continue to be identified as business-environment risks. - FY2024-Q1First statedAnnual report
「The outlook remains uncertain, with costs elevated by higher prices amid yen depreciation and prolonged geopolitical risks.」
Inflation and higher costs driven by yen depreciation and geopolitical risks are identified as new external risks in the business environment for the quarter.