Uncertainty in overseas economies and yen appreciation trend
First written in FY2017-Q1. 7 of 25 entries say "Restated". Latest entry: FY2026.
Nankai Tatsumura Construction moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2022: 127 of 168 companies on the "Worse" side.
15 other companies' latest entry also says "Other".
- FY2026US trade policy and continued inflationAnnual report
「However, the economy remained in a situation in which the outlook was uncertain due to factors including continued price increases and the impact of U.S. trade policy.」
While indicating a gradual recovery in the domestic economy, the disclosure continues to identify continued price increases and the impact of U.S. trade policy as factors contributing to uncertainty over the economic outlook. - FY2026-H1US trade policy and continued inflationAnnual report
「Meanwhile, the economic outlook remained uncertain due to factors including continued price increases, the impact of U.S. trade policy, and volatility in financial and capital markets.」
While indicating a gradual recovery in the domestic economy, the disclosure identifies continued price increases, U.S. trade policy, and volatility in financial and capital markets as factors contributing to uncertainty over the outlook. - FY2025-H1Higher interest rates and the Middle East addedAnnual report
「During the interim consolidated accounting period, Japan’s economy showed a gradual recovery, supported by a recovery in inbound demand and a pickup in personal consumption, although some weakness remained as employment and income conditions improved. Meanwhile, the economic outlook remained uncertain due to factors including the continued high interest rate levels in Europe and the United States, conditions in the Middle East, and volatility in financial and capital markets.」
While indicating a gradual recovery in the domestic economy, the disclosure explicitly identifies continued high interest rate levels in Europe and the United States, conditions in the Middle East, and volatility in financial and capital markets as factors contributing to uncertainty over the economic outlook. - FY2024-Q3Reassessment of financial market and geopolitical risksAnnual report
「During the nine-month period ended this quarter, Japan’s economy recovered gradually, supported by improvements in employment and income conditions and the effects of various policies. Meanwhile, the economic outlook remained uncertain amid volatility in financial and capital markets and growing geopolitical risks.」
While indicating a gradual recovery in the domestic economy, the disclosure shifts from the previous references to rising prices and monetary tightening to identify volatility in financial and capital markets and growing geopolitical risks as factors affecting the economic outlook. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended this quarter, Japan’s economy was gradually recovering from the impact of COVID-19. However, prices continued to rise and monetary tightening continued globally, and the economic outlook remained uncertain.」
While indicating a recovery from the impact of COVID-19, the disclosure continues to recognize that the economic outlook is uncertain as prices continue to rise and monetary tightening continues globally. - FY2023-Q2WorsenedAnnual report
「During the six-month period ended this quarter, Japan’s economy showed signs of a gradual recovery from the impact of COVID-19. However, the outlook became increasingly uncertain due to the prolonged situation in Russia and Ukraine, the impact of surging global prices and monetary tightening, and other factors.」
In addition to the prolonged situation in Russia and Ukraine, the disclosure newly identifies surging global prices and the impact of monetary tightening, stating that uncertainty over the economic outlook has increased. - FY2023-Q1WorsenedAnnual report
「During the three-month period ended this quarter, Japan’s economy was expected to recover as the impact of COVID-19 gradually eased. However, the outlook remained uncertain due to factors including prolonged developments in Russia and Ukraine and restrictions on activity in China, which resulted in higher raw material prices and supply constraints.」
In addition to the previously cited uncertainty in overseas economies, the disclosure identifies prolonged developments in Russia and Ukraine and restrictions on activity in China as specific factors, and describes uncertainty over the outlook caused by higher raw material prices and supply constraints. - FY2022-Q3Additional uncertainty from new variantsAnnual report
「During the nine-month period ended this quarter, social and economic activity moved toward normalization as COVID-19 vaccinations progressed. However, the situation required attention to the impact on domestic and overseas economies and financial and capital markets of new variants discovered in Japan and overseas.」
While indicating the normalization of social and economic activity as vaccinations progress, the disclosure adds the discovery of new variants in Japan and overseas as a factor affecting domestic and overseas economies and financial and capital markets. - FY2022-Q2Recovery expectations and an uncertain outlook both stated amid the pandemicAnnual report
「During the six-month period ended this quarter, Japan’s economy was significantly constrained in its social and economic activity by repeated declarations of a state of emergency associated with the spread of COVID-19. Although an economic recovery is expected as vaccination rates rise, the outlook remains uncertain due to developments in the pandemic both in Japan and overseas and the impact of disruptions to supply chains.」
While describing the constraints on social and economic activity caused by repeated declarations of a state of emergency, the disclosure also states expectations for an economic recovery as vaccination rates rise and uncertainty over the outlook caused by the pandemic and supply chain disruptions. - FY2022-Q1Recovery expectations also stated amid the pandemicAnnual report
「During the three-month period ended this quarter, Japan’s economy was significantly constrained in its social and economic activity as the state of emergency was reissued following the spread of COVID-19. Although an economic recovery is expected as vaccinations progress, the situation requires attention to developments in the pandemic both in Japan and overseas and to the impact of volatility in financial and capital markets.」
While describing the constraints on social and economic activity caused by the reissuance of the state of emergency, the disclosure also states expectations for an economic recovery as vaccinations progress. - FY2021-Q2WorsenedAnnual report
「During the six-month period ended this quarter, Japan’s economy was significantly constrained in its social and economic activity by the global COVID-19 pandemic. The situation requiring attention to developments in the pandemic both in Japan and overseas and to volatility in financial and capital markets continued.」
The disclosure states that, in addition to the previously cited uncertainty in overseas economies and volatility in financial and capital markets, social and economic activity was significantly constrained by the global COVID-19 pandemic. - FY2020-Q3Additional overseas risk factorsAnnual report
「During the nine-month period ended this quarter, Japan’s economy remained on a gradual recovery trend as employment and income conditions continued to improve. Meanwhile, the situation required attention to developments in overseas economies, including trade issues between the United States and China, the United Kingdom’s withdrawal from the EU, and turmoil in the Middle East.」
In addition to trade issues between the United States and China, the disclosure explicitly identifies the United Kingdom’s withdrawal from the EU and turmoil in the Middle East as factors requiring attention in overseas economies. - FY2020-Q2WorsenedAnnual report
「During the six-month period ended this quarter, Japan’s economy remained on a gradual recovery trend as employment and income conditions continued to improve. However, the situation required attention to uncertainty in overseas economies arising from heightened tensions between the United States and China over trade issues.」
The discussion of trade issues has become more specific and serious, moving from monitoring developments to uncertainty in overseas economies arising from heightened tensions between the United States and China. - FY2020-Q1Growing concern over trade issuesAnnual report
「During the three-month period ended this quarter, Japan’s economy showed a gradual recovery trend as employment and income conditions continued to improve. However, the situation increasingly required attention to the impact of developments in trade issues on the global economy.」
While acknowledging the gradual recovery trend in the domestic economy, the disclosure states that greater attention than before is required regarding the impact of trade issues on the global economy. - FY2019-Q3Continued focus on trade policy and financial marketsAnnual report
「During the nine-month period ended this quarter, Japan’s economy remained on a gradual recovery trend as corporate earnings and employment and income conditions continued to improve, despite the temporary impact of natural disasters. Meanwhile, the situation requiring attention to the outlook continued, including the impact of developments in trade policy and volatility in financial and capital markets.」
While acknowledging the gradual recovery trend in the domestic economy, the disclosure moves from the previous reference to uncertainty in overseas economies to specifically identifying developments in trade policy and volatility in financial and capital markets as factors requiring attention. - FY2019-Q2Trade policy risks take concrete shapeAnnual report
「During the six-month period ended this quarter, Japan’s economy remained on a gradual recovery trend as corporate earnings and employment and income conditions continued to improve. However, the situation requiring attention to the economic outlook continued, including the impact of developments in U.S. trade policy and a series of natural disasters.」
While acknowledging the gradual recovery trend in the domestic economy, the disclosure explicitly identifies U.S. trade policy and the impact of natural disasters as specific concerns replacing the previous reference to uncertainty in overseas economies. - FY2019-Q1RestatedAnnual report
「During the three-month period ended this quarter, Japan’s economy remained on a gradual recovery trend, supported by sustained solid corporate earnings, but the situation requiring attention to the economic outlook continued amid concerns over developments in overseas economies.」
While acknowledging the gradual recovery trend in the domestic economy, developments in overseas economies continue to be cited as a concern regarding the economic outlook. - FY2018WorsenedAnnual report
「The economy remained in a situation requiring attention to the outlook, partly because of the impact of expanding geopolitical risks and volatility in financial and capital markets associated with growing uncertainty in overseas economies.」
In addition to uncertainty in overseas economies and volatility in financial and capital markets, the disclosure explicitly identifies expanding geopolitical risks. - FY2018-Q3WorsenedAnnual report
「During the nine-month period ended this quarter, Japan’s economy remained on a gradual recovery trend as corporate earnings and employment and income conditions continued to improve. However, uncertainty in the global economy remained high due to volatility in financial and capital markets and growing geopolitical risks, and the situation requiring attention to the outlook continued.」
While acknowledging the gradual recovery trend in the domestic economy, the disclosure cites growing geopolitical risks in addition to volatility in financial and capital markets, and states that uncertainty in the global economy remains high. - FY2018-Q2RestatedAnnual report
「During the six-month period ended this quarter, Japan’s economy continued on a gradual recovery trend, with business sentiment improving and employment and income conditions also improving. However, it remained in a situation requiring attention to the impact on financial and capital markets associated with growing uncertainty in overseas economies, including the North Korea issue.」
While acknowledging the gradual recovery trend in the domestic economy, uncertainty in overseas economies, including the North Korea issue, and its impact on financial and capital markets continue to be cited as risks to the outlook. - FY2018-Q1RestatedAnnual report
「During the three-month period ended this quarter, Japan’s economy continued on a gradual recovery trend as corporate earnings and employment and income conditions continued to improve. However, it remained in a situation requiring continued attention to the outlook, including concerns over the impact on financial and capital markets arising from growing uncertainty in overseas economies.」
While acknowledging the gradual recovery trend in the domestic economy, the uncertainty in overseas economies and its impact on financial and capital markets continue to be cited as risks to the outlook. - FY2017RestatedAnnual report
「During the consolidated fiscal year, Japan’s economy remained on a gradual recovery trend as employment and income conditions continued to improve. However, the outlook required even greater attention due to the impact on financial and capital markets resulting from growing uncertainty in overseas economies, centered on the future policies of the new U.S. administration and the impact of the United Kingdom’s withdrawal from the EU.」
The uncertainty in overseas economies and the impact on financial and capital markets continue to be cited as risks to the economic outlook. - FY2017-Q3RestatedAnnual report
「During the nine-month period ended this quarter, Japan’s economy continued on a gradual recovery trend, with signs of improvement in employment and income conditions, but remained in a situation requiring attention to the impact of uncertainty in overseas economies and volatility in financial and capital markets.」
The impact on the economy of uncertainty in overseas economies and volatility in financial and capital markets continues to be highlighted. - FY2017-Q2RestatedAnnual report
「During the six-month period ended this quarter, Japan’s economy continued on a gradual recovery trend, with employment and income conditions improving partly as a result of various government and Bank of Japan policies. However, the economy remained in a situation requiring attention to its future outlook because of the impact on financial and capital markets and the embedded downside risks associated with growing uncertainty in overseas economies.」
The impact on financial and capital markets and the downside risks to the economy arising from uncertainty in overseas economies continue to be highlighted. - FY2017-Q1First statedAnnual report
「The yen’s appreciation trend, accompanying the growing uncertainty in overseas economies, began to become pronounced, and the economy remained in a situation requiring attention to its future outlook.」
The uncertainty in overseas economies and the yen appreciation trend became more pronounced and are described as external conditions requiring attention to the economic outlook.