Economic Downturn in Emerging Asian Economies and Yen Appreciation
First written in FY2017-Q1. 14 of 30 entries say "Reframed", first in FY2019-Q2. Latest entry: FY2027-H1.
Taiyo Kisokogyo 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 2022: 124 of 167 companies on the "Worse" side.
23 other companies' latest entry also says "Reframed".
- FY2027-H1ReframedAnnual report
「During the interim accounting period, the business environment surrounding the Company remained affected by the prolonged unstable international situation, including the situation in the Middle East, particularly Iran, and developments in US trade policy, and it is necessary to continue closely monitoring future changes in prices and the financial and capital markets.」
The risks associated with the overseas economy and international conditions have been revised to specifically include the prolonged situation in the Middle East, including Iran, and fluctuations in prices and the financial and capital markets, in addition to US trade policy and other factors. - 2026-06-11RestatedEarnings
「The unstable international situation, including heightened tensions in the Middle East, particularly the situation involving Iran, and developments in U.S. trade policy, has continued for an extended period, and it remains necessary to monitor the impact of future price trends.」
The company continues to cite uncertainty in the international situation, including U.S. trade policy. - FY2026-H1ReframedAnnual report
「During the interim accounting period, Japan's economy was on a recovery trend, supported by improvements in employment and income conditions and the effects of various policies, and this trend is expected to continue, although some impact from US trade policies and other factors means that attention must be paid to a downturn in the economy.」
The description of uncertainty in the overseas economy has been revised from the previous references to high interest rates, stagnation in China's property market, and geopolitical risks to focus on the downside risk to the economy from US trade policies. - FY2025-H1ReframedAnnual report
「However, the downturn in overseas economies associated with the continued high interest rate levels in Europe and the United States and the continued stagnation of the property market in China is becoming a risk that will put downward pressure on Japan's economy. It is also necessary to pay close attention to the impact of rising prices, the situation in the Middle East, fluctuations in the financial and capital markets, and other factors.」
The description of overseas economic risks has been revised from the previous references to global monetary tightening and geopolitical risks to specifically list high interest rates in Europe and the United States, stagnation in China's property market, the situation in the Middle East, and rising prices. - FY2025-Q1ReframedAnnual report
「However, the outlook is uncertain because of prolonged geopolitical risks overseas and soaring resource and energy prices and rising prices resulting from the continued depreciation of the yen.」
The description of uncertainty in the overseas economy has been revised from the previous list including the situation in Ukraine and monetary tightening to focus on prolonged geopolitical risks, yen depreciation, soaring resource and energy prices, and rising prices. No quantitative figures. Quantified:false, Materialized:false. - FY2024-Q3WorsenedAnnual report
「However, it is necessary to pay close attention to the slowdown in the global economy arising from the increasingly serious crisis in Ukraine, the situation in the Middle East, the unstable international situation and the resulting global inflation, and monetary tightening in various countries.」
The risks associated with overseas and international conditions are described specifically as the worsening crisis in Ukraine, the situation in the Middle East, global inflation, monetary tightening in various countries, and the slowdown in the global economy. - FY2024-Q2ReframedAnnual report
「However, as the prolonged situation in Ukraine and the global tightening of monetary policy continue, it is necessary to pay close attention to the risk that a downturn in overseas economies will put downward pressure on Japan's economy, as well as rising prices, fluctuations in Japan's financial markets, and other factors.」
The description of overseas economic risks has been revised to focus on the prolonged situation in Ukraine, the global tightening of monetary policy, downturns in overseas economies, rising prices, and fluctuations in Japan's financial markets. - FY2024-Q1ReframedAnnual report
「However, as the global tightening of monetary policy and other factors continue, it is necessary to pay close attention to the risk that a downturn in overseas economies will put downward pressure on Japan's economy, as well as the impact of rising prices, supply-side constraints, and other factors.」
The external environment risks have been revised from a list including infectious diseases, the situation in Ukraine, and fluctuations in the financial markets to a description focused on the global tightening of monetary policy, downturns in overseas economies, rising prices, and supply constraints. - FY2023-Q3ReframedAnnual report
「However, we are in a situation where uncertainty and anxiety cannot be dispelled, as we face an era of compound crises, including the pandemic, the climate crisis, the invasion of Ukraine, high prices, and economic stagnation.」
The external environment risks have been revised from the previous references to infectious diseases, supply constraints, and the situation in Ukraine to a set of compound crises including the pandemic, the climate crisis, high prices, and economic stagnation. - FY2023-Q2ReframedAnnual report
「It is necessary to pay attention to the downside risk arising from fluctuations in the financial and capital markets amid the global tightening of monetary policy, soaring crude oil prices associated with the prolonged situation in Ukraine, supply-side constraints, and the impact of rising prices on people's lives and economic activity.」
The external environment risks have been revised to include the global tightening of monetary policy and fluctuations in the financial and capital markets, in addition to the situation in Ukraine, soaring crude oil and other prices, and supply constraints. - FY2023-Q1ReframedAnnual report
「However, it is necessary to pay attention to the downside risk arising from concerns over crude oil prices associated with the situation in Ukraine and other factors, supply-side constraints, and the impact of rising prices on people's lives and economic activity.」
The description of uncertainty in the overseas economy has been revised to focus on downside risks arising from the situation in Ukraine, crude oil prices, supply constraints, and the impact of rising prices on economic activity. - FY2022ReframedAnnual report
「However, it is necessary to pay close attention to the downside risk from the impact of infectious diseases, supply-side constraints, and trends in raw material prices, as well as the impact of geopolitical risks overseas, fluctuations in the financial markets, and other factors.」
The description of uncertainty in the overseas economy has been revised to include a broad range of risks, including infectious diseases, supply constraints, raw material prices, geopolitical risks overseas, and fluctuations in the financial markets. - FY2022-Q2WorsenedAnnual report
「However, the renewed spread of infections caused by variants and the resulting restrictions on economic and social activity continue, and it is also necessary to closely monitor their impact on the Japanese and overseas economies and the impact of fluctuations in the financial and capital markets.」
The external economic risks are described specifically as the renewed spread of infections caused by variants and the resulting restrictions on economic and social activity. - FY2022-Q1RestatedAnnual report
「However, it remains necessary to pay close attention to the increasing downside risk from the spread of infections in Japan and overseas, uncertainty persists, and the situation remains unpredictable.」
The downside risk to the economy and uncertainty arising from the spread of infections in Japan and overseas continue to be cited as matters requiring attention in the external environment. - FY2021RestatedAnnual report
「However, it remains necessary to pay close attention to the increasing downside risk from the spread of infections in Japan and overseas, and uncertainty persists.」
The downside risk and uncertainty in the Japanese and overseas economies arising from the spread of infections continue to be cited as matters requiring attention in the external environment. - FY2021-Q3ReframedAnnual report
「It is necessary to closely monitor the impact of trends in infectious diseases in Japan and overseas, fluctuations in the financial markets, and other factors, and uncertainty remains.」
The matters requiring attention regarding uncertainty in the overseas economy have been revised to focus on trends in infectious diseases in Japan and overseas and fluctuations in the financial markets. - FY2020ReframedAnnual report
「During the fiscal year, Japan's economy was recovering, although developments surrounding trade issues, the UK's withdrawal from the EU, the situation in the Middle East, the impact in Japan and overseas of the coronavirus disease that originated in Wuhan, China, and trends in consumer sentiment following the consumption tax rate increase mean that continued attention is required regarding the outlook,」
The description of uncertainty in the overseas economy has been revised to include the impact of the coronavirus disease that originated in Wuhan, China, in addition to the previous references to trade issues, the Chinese economy, and the UK's withdrawal from the EU. - FY2020-Q3RestatedAnnual report
「In addition to the impact of developments in the overseas economy, such as the impact of trade issues on the global economy, the outlook for the Chinese economy, and the course of the UK's withdrawal from the EU, as well as fluctuations in the financial and capital markets,」
Trade issues, the Chinese economy, the UK's withdrawal from the EU, the overseas economy, and fluctuations in the financial and capital markets continue to be cited as uncertainty factors. - FY2020-Q2RestatedAnnual report
「Although it is necessary to pay even closer attention to the impact of developments in trade issues on the global economy, the outlook for the Chinese economy, uncertainty surrounding overseas economic developments and policies, and volatility in financial and capital markets,」
Uncertainty in the overseas economy, including trade issues, the Chinese economy, overseas policies, and fluctuations in the financial and capital markets, remains a matter requiring attention. - FY2020-Q1ReframedAnnual report
「Although Japan's economy during the cumulative first quarter under review requires attention to the impact of developments in trade issues on the global economy, the outlook for the Chinese economy, uncertainty surrounding overseas economic developments and policies, and the impact of volatility in financial and capital markets,」
Regarding uncertainty in overseas economies, we enumerate specific factors requiring attention, including trade issues, the outlook for the Chinese economy, overseas policies, and volatility in financial and capital markets. - FY2019-Q3RestatedAnnual report
「However, issues requiring attention going forward, including developments in trade issues and uncertainty in overseas economies, remain.」
Regarding uncertainty in overseas economies, we continue to identify trade issues as a specific factor requiring attention, as in the previous period. - FY2019-Q2ReframedAnnual report
「As it is necessary to remain mindful of the impact that developments in trade issues, primarily involving the United States, may have on the global economy,」
Regarding uncertainty in overseas economies, this time we identify trade issues, primarily involving the United States, as a specific factor, whereas the previous discussion referred to emerging Asian economies and the stronger yen. - FY2019-Q1RestatedAnnual report
「Although uncertainty in overseas economies continues to cloud the economic outlook,」
We continue to identify uncertainty in overseas economies as a source of uncertainty in the economic environment. - FY2018-Q3RestatedAnnual report
「Although overseas economies have remained firm while uncertainty persists, including increased geopolitical risks surrounding North Korea,」
We continue to identify uncertainty in overseas economies as a factor in the external environment. Geopolitical risks surrounding North Korea were added as a new specific factor in a separate thread. - FY2018-Q2RestatedAnnual report
「Although overseas economies have remained firm while uncertainty persists,」
We continue to identify uncertainty in overseas economies as a source of uncertainty in the economic environment. - FY2018-Q1RestatedAnnual report
「Although uncertainty in overseas economies continues to cloud the economic outlook,」
We continue to identify uncertainty in overseas economies as a source of economic uncertainty. - FY2017RestatedAnnual report
「Meanwhile, uncertainty continues, with exchange rates and share prices fluctuating sharply due to the slowdown in emerging Asian economies, the UK's withdrawal from the EU, and uncertainty surrounding the policies of the new US administration.」
We continue to identify the slowdown in emerging Asian economies as a source of uncertainty in the economic environment. - FY2017-Q3RestatedAnnual report
「Amid signs of stagnation, including slower exports and sluggish private consumption against the backdrop of the stronger yen, uncertainty about the outlook increased due to issues including the UK's withdrawal from the EU, concerns about economic slowdowns in China and other emerging economies, and the transition to a new US administration.」
We continue to identify factors contributing to economic uncertainty, including the stronger yen and concerns about economic slowdowns in China and other emerging economies. The transition to a new US administration was separated out as a new risk. - FY2017-Q2RestatedAnnual report
「The impact of slowing economies in emerging Asian countries, including China, and the stronger yen」
We continue to identify economic slowdowns in emerging Asian economies and the stronger yen as sources of uncertainty in the economic environment. - FY2017-Q1First statedAnnual report
「The economy remained broadly flat, reflecting factors including downturns in emerging Asian economies and the stronger yen.」
We identify downturns in emerging Asian economies and the impact of the stronger yen as factors behind the economy's flat performance.