Uncertainty in Domestic and Overseas Economic Conditions and Financial Markets
First written in FY2017-Q1. 19 of 35 entries say "Restated". Latest entry: 2026-07-31.
Sumiseki Holdings moved to the "Worse" side of this theme in 2026, 7 years after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 131 of 176 companies on the "Worse" side.
66 other companies' latest entry also says "Worsened".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period under review, the Japanese economy continued to grow gradually despite being affected by U.S. trade policy and other factors. Looking ahead, improvements in employment and income conditions and the effects of various policies are expected to support a recovery, but the risk of an economic downturn due to U.S. trade policy and other factors remains a concern.」
The company continues to indicate the risk of an economic downturn due to U.S. trade policy and other factors. At the same time, it explains that the domestic economy continues to grow gradually. - FY2025Addition of uncertainty due to U.S. trade policy and other factorsAnnual report
「During the fiscal year under review, the Japanese economy saw signs of a recovery in personal consumption and corporate earnings as economic activity steadily normalized against a backdrop of improving employment and income conditions. However, uncertainty due to U.S. trade policy and other factors remained.」
While indicating the normalization of economic activity and a recovery in personal consumption and corporate earnings, the company cites uncertainty due to U.S. trade policy and other factors as a new matter requiring attention. - FY2025-H1Continued high resource and raw material prices and a weaker yenAnnual report
「The outlook for the economy remains uncertain due to the situation in the Middle East and other factors, with resource and raw material prices remaining high and the weaker yen pushing up prices.」
While indicating the normalization of economic activity and a recovery in personal consumption and corporate earnings, the company provides further detail on persistently high resource and raw material prices against the backdrop of the situation in the Middle East and price increases caused by the weaker yen. - FY2024Addition of the situation in the Middle East and further monetary tighteningAnnual report
「Looking ahead, the economy and personal consumption are recovering gradually. However, careful attention is still required regarding the situation in Russia and the Middle East, among other factors, and the outlook is expected to remain uncertain.」
While indicating a gradual recovery in the economy and personal consumption, the company cites the situation in the Middle East, in addition to the previously noted situation in Russia, as a matter requiring attention. - FY2024-Q3RestatedAnnual report
「During the first nine months of the fiscal year under review (1 April 2023 to 31 December 2023), the easing of restrictions on activities related to COVID-19 supported the normalization of economic activity and put personal consumption on a recovery trend. However, the outlook for energy and raw material prices remains uncertain due to the prolonged invasion of Ukraine by Russia.」
The company reiterates the coexistence of economic normalization and a recovery trend in personal consumption alongside uncertainty over the outlook for energy and raw material prices due to the situation in Russia and Ukraine. - FY2024-Q2RestatedAnnual report
「During the first six months of the fiscal year under review, the easing of restrictions on activities related to COVID-19 gradually normalized economic activity and put personal consumption on a recovery trend. However, the outlook for energy and raw material prices remains uncertain due to the prolonged invasion of Ukraine by Russia.」
The company reiterates the coexistence of economic normalization and a recovery trend in personal consumption alongside uncertainty over energy and raw material prices due to the situation in Russia and Ukraine. - FY2024-Q1RestatedAnnual report
「The easing of restrictions on activities related to COVID-19 gradually normalized economic activity and put personal consumption on a recovery trend. However, the outlook for energy and raw material prices remains uncertain due to the prolonged invasion of Ukraine by Russia.」
The company reiterates the coexistence of economic normalization and a recovery trend in personal consumption following the easing of restrictions on activities, alongside uncertainty over energy and raw material prices due to the situation in Russia and Ukraine. - FY2023The end of restrictions on activities and continuing uncertaintyAnnual report
「The end of restrictions on activities associated with COVID-19 is expected to support the normalization of socioeconomic activity and a recovery in the economy. However, the outlook is expected to remain uncertain due to persistently high raw material prices and the impact of the situation in Russia and Ukraine on the global economy.」
While the end of restrictions on activities and expectations for an economic recovery were indicated, the assessment that the outlook remains uncertain due to persistently high raw material prices and the situation in Russia and Ukraine has been maintained. - FY2023-Q3RestatedAnnual report
「During the first nine months of the fiscal year under review (1 April 2022 to 31 December 2022), the Japanese economy remained uncertain amid the continuing impact of COVID-19. Energy and raw material prices rose further following Russia’s invasion of Ukraine, while the weaker yen also had an impact.」
The company continues to cite uncertainty over the outlook for the Japanese economy due to COVID-19, the situation in Russia and Ukraine, high energy and raw material prices, and the weaker yen. - FY2023-Q2RestatedAnnual report
「During the first nine months of the fiscal year under review (1 April 2022 to 30 September 2022), the Japanese economy remained uncertain amid the continuing impact of COVID-19. Energy and raw material prices rose further following Russia’s invasion of Ukraine, while the weaker yen also had an impact.」
The company continues to cite COVID-19, the situation in Russia and Ukraine, high energy and raw material prices, and uncertainty over the outlook for the Japanese economy due to the weaker yen. - FY2023-Q1WorsenedAnnual report
「During the first six months of the fiscal year under review (1 April 2022 to 30 June 2022), the Japanese economy remained uncertain amid the continuing impact of COVID-19. Energy and raw material prices rose further following Russia’s invasion of Ukraine, while the weaker yen also had an impact.」
In addition to COVID-19 and the situation in Russia and Ukraine, the further rise in energy and raw material prices and the impact of the weaker yen were also noted. - FY2022Russia-Ukraine Situation AddedAnnual report
「The spread of the novel coronavirus continues, and the timing of its containment and the impact of its spread cannot be predicted. In addition, the outlook is extremely uncertain because of factors including the impact of the situation in Russia and Ukraine on the global economy.」
In addition to uncertainty caused by the spread of COVID-19, the impact of the situation in Russia and Ukraine on the global economy is cited as a new source of uncertainty. - FY2022-Q3Additional mention of infection control measures and vaccinationsAnnual report
「During the first nine months of the fiscal year, the Japanese economy remained uncertain because of the impact of the novel coronavirus disease. However, as infection control measures were thoroughly implemented and vaccinations were promoted, some improvement began to appear in corporate earnings and employment conditions, partly because of the effects of various policies and improvements in overseas economies.」
While maintaining its assessment that the outlook is uncertain, the company explicitly mentioned thorough infection control measures and the promotion of vaccinations, and explained that some improvement had emerged in corporate earnings and employment conditions. - FY2022-Q1SoftenedAnnual report
「During the first three months of the fiscal year, the Japanese economy remained in a difficult situation because of the impact of the novel coronavirus disease. However, partly because of the effects of various policies and improvements in overseas economies, some improvement began to appear in corporate earnings and employment conditions.」
The description shifted to indicate that, although the domestic economy remained difficult, some improvement was emerging in corporate earnings and employment conditions against a backdrop of various policies and improvements in overseas economies. - FY2021RestatedAnnual report
「Looking ahead, the outlook is extremely uncertain because the spread of the novel coronavirus is still continuing, and the timing of its containment and the impact of its spread cannot be predicted at all.」
The company continues to identify uncertainty in domestic and overseas economies resulting from the spread of the novel coronavirus as an external environmental risk, as it did through the previous quarter. - FY2021-Q3RestatedAnnual report
「During the first nine months of the fiscal year, the Japanese economy remained in a difficult situation because of the spread of the novel coronavirus disease. Corporate earnings and employment conditions also remained challenging.」
The company reiterates that domestic economic conditions, corporate earnings and employment conditions remain difficult because of the novel coronavirus disease. - FY2021-Q2RestatedAnnual report
「During the first six months of the fiscal year, corporate earnings and employment conditions in Japan remained extremely difficult because of the impact of the novel coronavirus disease. Corporate business sentiment also remained challenging.」
The company reiterates that corporate earnings and employment conditions in Japan remain difficult because of the novel coronavirus disease. - FY2021-Q1MaterialisedAnnual report
「During the first three months of the fiscal year, the Japanese economy was in an extremely difficult situation as exports, production and other areas declined rapidly because of the impact of the novel coronavirus disease. Corporate earnings and employment conditions were also extremely difficult. Corporate business sentiment deteriorated further, while personal consumption continued to decline.」
The decline in exports and production, deterioration in corporate earnings and employment conditions, and decline in personal consumption caused by the novel coronavirus disease have become evident in actual economic conditions. - FY2020WorsenedAnnual report
「The outlook is expected to remain extremely difficult because of the impact of the infectious disease, and close attention must be paid to the risk that it will cause further downside in domestic and overseas economies.」
In addition to the previous uncertainty surrounding trade issues, overseas economies and financial markets, the company explicitly identified the risk of further downside in domestic and overseas economies resulting from the novel coronavirus disease. - FY2020-Q2RestatedAnnual report
「During the first six months of the fiscal year, the Japanese economy lacked strength, as production activity stagnated against a backdrop of declining exports, particularly to China, despite continued improvement in employment and income conditions.」
The company continued from the previous quarter to describe the domestic economy as lacking strength because of declining exports to China and stagnant production activity, despite continued improvement in employment and income conditions. - FY2020-Q1WorsenedAnnual report
「During the first three months of the fiscal year, the Japanese economy lacked strength, as production activity stagnated against a backdrop of declining exports, particularly to China, despite continued improvement in employment and income conditions.」
While employment and income conditions continued to improve, the domestic economy shifted to a lacklustre condition because of declining exports to China and stagnant production activity. - FY2019RestatedAnnual report
「However, attention was required regarding the impact of developments in trade issues on the global economy, the outlook for the Chinese economy, uncertainty surrounding overseas economic conditions and policy, and fluctuations in financial and capital markets.」
While indicating that the domestic economy was on a recovery trend, the company continued to identify trade issues, the Chinese economy, overseas policy and fluctuations in financial and capital markets as matters requiring attention. - FY2019-Q3RestatedAnnual report
「During the first nine months of the fiscal year, the Japanese economy remained on a gradual recovery trend as personal consumption recovered and corporate earnings and employment conditions continued to improve. Nevertheless, attention must be paid to the impact of developments in trade issues on the global economy, uncertainty in overseas economies and fluctuations in financial and capital markets.」
While describing the domestic economy as being on a gradual recovery trend, the company continues to identify trade issues, uncertainty in overseas economies and fluctuations in financial and capital markets as matters requiring attention. - FY2019-Q2Additional mention of natural disaster risksAnnual report
「Nevertheless, attention must be paid to the impact of a succession of natural disasters on the economy, the impact of developments in trade issues on the global economy, uncertainty in overseas economies and fluctuations in financial and capital markets.」
In addition to the previously cited trade issues, uncertainty in overseas economies and fluctuations in financial and capital markets, the company also mentioned the economic impact of a succession of natural disasters. Meanwhile, it stated that there were no significant changes in the section on business and other risks. - FY2019-Q1Domestic recovery alongside overseas uncertaintyAnnual report
「During the first three months of the fiscal year, the Japanese economy remained on a gradual recovery trend as personal consumption recovered and corporate earnings and employment conditions continued to improve. Although the global economy was also recovering gradually, attention must be paid to the impact of developments in trade issues on the global economy, uncertainty in overseas economies and fluctuations in financial and capital markets.」
While describing the domestic economy as being on a recovery trend, the company continues to identify trade issues, uncertainty in overseas economies and fluctuations in financial and capital markets as matters requiring attention in relation to the global economy. - FY2018RestatedAnnual report
「Looking ahead, the outlook remains uncertain because of factors including the economic outlook for China and other emerging Asian countries, the impact of policy-related uncertainty, and developments in trade issues.」
The company continues to indicate uncertainty in the outlook resulting from the economies of China and emerging Asia, policy uncertainty and trade issues. - FY2018-Q3RestatedAnnual report
「During the first nine months of the fiscal year, the Japanese economy remained generally on a gradual recovery trend, as capital investment recovered against a backdrop of strong corporate earnings and employment and income conditions continued to improve. Overseas economies were also expected to continue recovering gradually overall, as the US economy recovered steadily and economies in Asia, including China, showed signs of improvement.」
The company describes the domestic economy and overseas economies, including those of the United States and China, as remaining on a gradual recovery trend, as in the previous quarter. - FY2018-Q2SoftenedAnnual report
「During the first six months of the fiscal year, the Japanese economy remained on a gradual recovery trend, mainly because corporate earnings and employment conditions continued to improve. The global economy was also expected to continue recovering gradually overall, as the US economy recovered steadily and economies in Asia, including China, showed signs of improvement.」
The business review describes the domestic economy as being on a recovery trend, alongside the recovery of the US economy and improvement in the Asian region including China, shifting from the previous focus on uncertainty and matters requiring attention to an explanation centred on recovery. - FY2018-Q1RestatedAnnual report
「The global economy is also expected to continue recovering gradually overall. Attention must nevertheless be paid to the impact of US monetary policy, the outlook for economies in emerging Asian countries including China, and fluctuations in financial and capital markets.」
While describing the global economy as being on a recovery trend, the company continues to identify US monetary policy, emerging-market economies including China, and fluctuations in financial and capital markets as external environmental matters requiring attention. - FY2017RestatedAnnual report
「Looking ahead, conditions are expected to remain uncertain, owing to factors including protectionist policies in the United States, political and financial instability in Europe, and concerns about an economic slowdown in China.」
The company continues to point to uncertainty in overseas policy, financial markets and economic conditions, including those in the United States, Europe and China. - FY2017-Q3RestatedAnnual report
「Meanwhile, the outlook for overseas economies remains uncertain because of slowdowns in emerging and resource-rich economies, the UK’s withdrawal from the EU and the inauguration of the Trump administration in the United States.」
The company continues to identify the uncertainty surrounding overseas economies resulting from slowdowns in emerging and resource-rich economies, the UK’s withdrawal from the EU and the change in government in the United States as external environmental risks. - FY2017-Q2RestatedAnnual report
「In Japan, the future effects of monetary easing under the continued negative interest rate policy are uncertain. Overseas, there is a risk that downturns in the economies of emerging Asian countries, including China, and resource-rich countries will affect Japan.」
The company continues to identify the uncertain effects of monetary easing and the impact on the domestic economy of downturns in China and other economies as external environmental risks. - FY2017-Q1First statedAnnual report
「Unstable movements in share prices and foreign exchange rates have caused corporate earnings and personal consumption to stagnate, leaving the outlook for the economy uncertain. Although the global economy remains weak, it is generally on a gradual recovery trend. Attention must nevertheless be paid to the outlook for economies in emerging Asian countries, including China, and resource-rich countries, as well as the impact of declines in crude oil prices.」
The company identifies stagnant domestic corporate earnings and personal consumption, unstable share prices and foreign exchange rates, the economic outlook for China and other countries, and falling crude oil prices as external environmental risks.