Brexit, a slowdown in overseas economies and downside risks from yen appreciation
First written in FY2017-Q1. 17 of 36 entries say "Reframed", first in FY2017-Q2. Latest entry: 2026-11-12.
Hazama Ando moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2020: 151 of 179 companies on the "Worse" side.
0 other companies' latest entry also says "Advanced".
- 2026-11-12AdvancedRevision to earnings forecast
「このような状況の中、当社グループの当中間連結会計期間の業績は、売上高2,280億円(前年同期2,010億円、前年同期比13.4％の増加)、営業利益186億円(前年同期120億円、前年同期比54.5％の増加)、経常利益200億円(前年同期113億円、前年同期比77.1％の増加)、親会社株主に帰属する中間純利益は142億円(前年同期77億円、前年同期比84.4％の増加)となりました。」
Net sales, operating income, ordinary income, and interim net income attributable to owners of the parent all exceeded the year-earlier period. - FY2027-H1ReframedAnnual report
「Looking ahead, a moderate recovery is expected against the backdrop of improvements in employment and income conditions and other factors, but it will be necessary to closely monitor the effects of the situation in the Middle East and natural disasters on economic activity. In addition, continued attention must be paid to the effects of financial and capital market volatility and other factors.」
The wording has shifted from vigilance over US trade policy and other factors to monitoring the impact of the situation in the Middle East and natural disasters on economic activity. Vigilance over financial and capital markets continues. - FY2026ReframedAnnual report
「Although the recovery trend is expected to continue, it will be necessary to remain mindful of risks that could weigh on the economy, including developments related to the situation in the Middle East and US trade policy. It will also remain necessary to monitor the impact of volatility in financial and capital markets, among other factors.」
In addition to the previous vigilance over US trade policy and other factors, the disclosure explicitly identifies the impact of the situation in the Middle East and updates the factors posing downside risks to the economy. - 2026-05-14ReframedResults
「Revenue was ¥439.6 billion, up 3.4% year on year; operating income was ¥33.6 billion, down 4.6%; ordinary income was ¥33.2 billion, down 2.3%; and net income attributable to owners of the parent was ¥29.7 billion, up 12.5%.」
For the full year, revenue increased, while operating income and ordinary income declined. Net income attributable to owners of the parent increased. - FY2025ReframedAnnual report
「The economy is expected to continue recovering, but the impact of U.S. trade policy on the global economy and the impact of continued price increases on personal consumption pose downside risks to Japan's economy. Closer attention must also be paid to the impact of volatility in financial and capital markets, among other factors.」
The scope of external environment risks has been reorganized from monetary policy measures in various countries and a downturn in overseas economies, among others, to US trade policy, inflation, personal consumption and financial and capital markets. - FY2025-H1ReframedAnnual report
「Looking ahead, a recovery is expected to continue, but a downturn in overseas economies, including the effects of monetary policy measures in various countries, poses a risk of weighing on Japan's economy. In addition, close attention must be paid to the effects of rising prices and energy prices, and financial and capital market volatility and other factors.」
The wording has shifted from vigilance over global monetary tightening to a focus on the impact of monetary policy measures in various countries, a downturn in overseas economies, inflation and energy prices, and financial and capital markets. - FY2024-Q3RestatedAnnual report
「Looking ahead, a recovery is expected to continue as employment and income conditions improve, but a downturn in overseas economies, including the effects of global monetary tightening, poses a risk of weighing on Japan's economy. In addition, close attention must be paid to the effects of rising prices and energy prices, and financial and capital market volatility and other factors.」
The company continues to express expectations of a recovery supported by improvement in employment and income conditions, while maintaining vigilance over global monetary tightening, a downturn in overseas economies, inflation and energy prices, and financial and capital markets. - FY2024-Q2RestatedAnnual report
「Looking ahead, a recovery is expected to continue as employment and income conditions improve, but a downturn in overseas economies, including the effects of global monetary tightening, poses a risk of weighing on Japan's economy. In addition, close attention must be paid to the effects of rising prices and energy prices, and financial and capital market volatility and other factors.」
The company continues to express expectations of a recovery supported by improvement in employment and income conditions, while maintaining vigilance over global monetary tightening, a downturn in overseas economies, inflation and energy prices, and financial and capital markets. - FY2024-Q1ReframedAnnual report
「Looking ahead, a recovery is expected to continue as employment and income conditions improve, but as global monetary tightening and other factors continue, a downturn in overseas economies poses a risk of weighing on Japan's economy. In addition, close attention must be paid to the effects of rising prices and energy prices, and financial and capital market volatility and other factors.」
The wording has shifted from references to living with COVID-19 and supply constraints to expectations of a recovery premised on improvement in employment and income conditions, together with vigilance over global monetary tightening, a downturn in overseas economies, inflation and energy prices, and financial and capital markets. - FY2023RestatedAnnual report
「Looking ahead, a recovery is expected to continue under the “with COVID-19” environment, supported by the effects of various policies, but as global monetary tightening and other factors continue, a downturn in overseas economies poses a risk of weighing on Japan's economy. In addition, close attention must be paid to the effects of rising prices and energy prices, supply-side constraints, and financial and capital market volatility and other factors.」
The company continues to note the risks from global monetary tightening, a downturn in overseas economies, inflation and energy prices, supply constraints, and volatility in financial and capital markets. - FY2023-Q3ReframedAnnual report
「Looking ahead, a recovery is expected to continue under the “with COVID-19” environment, supported by the effects of various policies, but as global monetary tightening and other factors continue, a downturn in overseas economies poses a risk of weighing on Japan's economy. In addition, close attention must be paid to the effects of rising prices and energy prices, supply-side constraints, and financial and capital market volatility and other factors.」
In addition to the previously noted risks from global monetary tightening, a downturn in overseas economies, inflation, supply constraints and volatility in financial and capital markets, the disclosure explicitly identifies rising energy prices. - FY2023-Q2WorsenedAnnual report
「Looking ahead, a recovery is expected, supported by the effects of various policies, but as global monetary tightening and other factors continue, a downturn in overseas economies poses a risk of weighing on Japan's economy. In addition, close attention must be paid to the effects of rising prices, supply-side constraints and financial and capital market volatility and other factors.」
In addition to noting volatility in financial and capital markets, the disclosure specifically identifies global monetary tightening, a downturn in overseas economies, inflation and supply constraints as downside risks to the domestic economy. - FY2023-Q1WorsenedAnnual report
「Looking ahead, a recovery is expected, supported by the effects of various policies, but close attention must be paid to downside risk arising from financial and capital market volatility, rising raw-material prices and supply-side constraints as monetary tightening progresses globally.」
In addition to noting the risks of a resurgence of the infectious disease and volatility in financial and capital markets, the disclosure specifically identifies downside risks from global monetary tightening, rising raw material prices and supply constraints. - FY2022-Q3WorsenedAnnual report
「Looking ahead, it will also be necessary to monitor downside risks from a resurgence of the infectious disease and the impact of volatility in financial and capital markets.」
In addition to noting the impact of the infectious disease, the disclosure explicitly identifies downside risks from a resurgence. - FY2022-Q2ReframedAnnual report
「Looking ahead, a recovery is expected as the effects of various policies and improvements in overseas economies take hold while infection-control measures are thoroughly implemented and vaccinations progress, but it will be necessary to closely monitor the effects of domestic and overseas infection trends and financial and capital market volatility and other factors.」
The wording has shifted to combine continued vigilance over a resurgence of the infectious disease with expectations of a recovery driven by vaccinations and improvement in overseas economies. - FY2022-Q1ReframedAnnual report
「In addition, as a renewed spread of COVID-19 has recently become apparent, it is necessary to continue thoroughly implementing measures to prevent the spread of infection and closely monitor the impact of infection trends on domestic and overseas economies, financial and capital markets, and other areas.」
The wording has been streamlined from noting the impact of the infectious disease on domestic and overseas economies and volatility in financial and capital markets to monitoring the resurgence of the infectious disease and its spread. - FY2021RestatedAnnual report
「Looking ahead, while continuing to take measures to prevent the spread of infection, it will be necessary to pay close attention to the increasing risk of downside in domestic and overseas economies due to the spread of infection and to closely monitor the effects of financial and capital market volatility and other factors.」
The company continues to monitor the increasing risk of a downturn in domestic and overseas economies caused by the spread of infectious diseases and volatility in financial and capital markets. - FY2021-Q3WorsenedAnnual report
「Looking ahead, while continuing to take measures to prevent the spread of infection, it will be necessary to pay close attention to the increasing risk of downside in domestic and overseas economies due to the spread of infection and to closely monitor the effects of financial and capital market volatility and other factors.」
The company explicitly identifies an increase in the risk of a downturn in domestic and overseas economies caused by the spread of infectious diseases. - FY2021-Q2ReframedAnnual report
「Looking ahead, a recovery is expected to continue as the level of social and economic activity is raised while measures are taken to prevent the spread of infection, but it will be necessary to closely monitor the effects of domestic and overseas infection trends and financial and capital market volatility and other factors.」
While continuing to monitor the impact of infectious diseases and volatility in financial and capital markets, the company has moved from general concerns about economic effects to identifying developments in infectious diseases in Japan and overseas as specific matters requiring attention. - FY2021-Q1RestatedAnnual report
「Looking ahead, social and economic activity is expected to be raised in stages while measures are taken to prevent the spread of infection, but continued close attention must be paid to the effects of the disease on domestic and overseas economies and to financial and capital market volatility.」
The company continues to monitor the impact of infectious diseases on domestic and overseas economies and volatility in financial and capital markets. - FY2020WorsenedAnnual report
「The extremely challenging conditions caused by the spread of infectious diseases are expected to continue, and sufficient attention must be paid to the risk of a further downturn in the domestic and overseas economies, while the impact of volatility in financial and capital markets, among other factors, must be closely monitored.」
In addition to the previous need to monitor overseas economies and financial and capital markets, the company explicitly identifies the risk that the spread of infectious diseases could cause a further downturn in domestic and overseas economies. - FY2020-Q3ReframedAnnual report
「Looking ahead, a moderate economic recovery is expected to continue, supported by the effects of various policies, but continued attention must be paid to the effects of overseas economic trends and financial and capital market volatility.」
The wording has been reorganized from the previous expression, which included policy uncertainty, to one that identifies overseas economic trends and volatility in financial and capital markets as the main matters requiring attention. - FY2020-Q2RestatedAnnual report
「Looking ahead, a moderate economic recovery is expected to continue, supported by the effects of various policies, but continued attention must be paid to the effects of uncertainty surrounding overseas economic trends and policy and financial and capital market volatility.」
The company continues to highlight overseas economic trends, uncertainty regarding policy, volatility in financial and capital markets, and expectations for an economic recovery. - FY2020-Q1ReframedAnnual report
「Looking ahead, a moderate economic recovery is expected to continue, supported by the effects of various policies, but greater attention must be paid to the effects of uncertainty surrounding overseas economic trends and policy and to financial and capital market volatility.」
In addition to the existing uncertainty surrounding political and economic conditions in Japan and overseas, the company identifies overseas economic trends, policy uncertainty and volatility in financial and capital markets as specific matters requiring attention. - FY2019ReframedAnnual report
「As the company conducts business in various countries, unexpected revisions to, or enactment or repeal of, laws, regulations and tax systems in those countries, significant changes in political, economic and social conditions, or major exchange-rate fluctuations could affect its business performance and other results.」
In addition to the existing uncertainty surrounding political and economic conditions in Japan and overseas, the company identifies laws and regulations, tax systems, social conditions and exchange-rate fluctuations relating to overseas operations as specific risks. - FY2019-Q3RestatedAnnual report
「Looking ahead, a moderate economic recovery is expected to continue as employment and income conditions improve and the effects of various policies take hold, but attention must be paid to uncertainty in domestic and overseas political and economic conditions.」
While noting uncertainty surrounding political and economic conditions in Japan and overseas, the company continues to expect an economic recovery supported by improvements in the employment and income environment and the effects of policy measures. - FY2019-Q2RestatedAnnual report
「Looking ahead, a moderate economic recovery is expected to continue as employment and income conditions improve, but attention must be paid to uncertainty in domestic and overseas political and economic conditions.」
While noting uncertainty surrounding political and economic conditions in Japan and overseas, the company continues to expect an economic recovery against a backdrop of improvements in the employment and income environment. - FY2019-Q1ReframedAnnual report
「Looking ahead, although attention must be paid to uncertainty in domestic and overseas political and economic conditions, further economic recovery is expected as employment and income conditions continue to improve and the effects of various policies take hold.」
The scope of the risk has been broadened from uncertainty centered on overseas economic and political developments to uncertainty surrounding political and economic conditions in Japan and overseas generally. - FY2018ReframedAnnual report
「Regarding the business environment going forward, corporate earnings and employment and income conditions are expected to improve, supporting further economic recovery, while uncertainty in the global economy resulting from overseas political developments and other factors could affect domestic industries.」
The wording has been reframed from concerns over uncertainty in overseas economies and exchange rates to the risk that uncertainty in the global economy, arising from overseas political developments and other factors, could spill over into domestic industries. - FY2018-Q3RestatedAnnual report
「Looking ahead, although attention must continue to be paid to uncertainty in the global economy, the economic recovery is expected to continue as employment and income conditions improve and the effects of various policies take hold.」
The company continues to highlight both the need to monitor uncertainty in overseas economies and expectations for an economic recovery supported by improvements in the employment and income environment and the effects of policy measures. - FY2018-Q2RestatedAnnual report
「Looking ahead, although attention must continue to be paid to the effects of rising uncertainty in the global economy and other factors, the economic recovery trend is expected to continue as employment and income conditions improve and the effects of various policies take hold.」
While continuing to monitor uncertainty in overseas economies, the company expects an economic recovery supported by improvements in the employment and income environment and the effects of policy measures. - FY2018-Q1RestatedAnnual report
「Looking ahead, although attention must be paid to the effects of rising uncertainty in the global economy and other factors, the economic recovery trend is expected to continue as employment and income conditions improve and the effects of various policies take hold.」
While continuing to highlight the need to monitor increasing uncertainty in overseas economies, the company also notes expectations for an economic recovery supported by improvements in the employment and income environment and the effects of policy measures. - FY2017ReframedAnnual report
「Regarding future business conditions, corporate earnings and the employment and income environment are expected to improve and a gradual recovery trend is expected to continue, but there are concerns that political developments overseas could make private-sector capital investment more cautious and lead to investment being postponed.」
The description of risk has been reframed from explicitly citing the UK's exit from the EU and yen appreciation to concerns that overseas political developments could make private-sector capital investment more cautious and lead to postponement. - FY2017-Q3WorsenedAnnual report
「Looking ahead, although attention must be paid to the effects of rising uncertainty in the global economy and other factors, the economic recovery trend is expected to continue against the backdrop of the effects of various policies.」
The wording now refers to increasing uncertainty in overseas economies, indicating a stronger emphasis on external-environment risks. - FY2017-Q2ReframedAnnual report
「Looking ahead, although there is concern that a slowdown in overseas economies, due to factors including uncertainty in the global economy, could weigh on the domestic economy, the recovery trend is expected to continue against the backdrop of the effects of various policies and ongoing improvements in employment and income conditions.」
The explicit references to the UK's exit from the EU and yen appreciation have been removed, and the risk is described as concern that anxiety about overseas economies and a slowdown in overseas economies could weigh on the domestic economy. - FY2017-Q1First statedAnnual report
「Uncertainty about the outlook has increased following the UK's exit from the EU, and although there are concerns that a slowdown in overseas economies and further yen appreciation could weigh on the domestic economy,」
The company identifies uncertainty in the external environment, a slowdown in overseas economies and further yen appreciation as downside factors for the domestic economy.