Overseas impact of Brexit and downturns in emerging and resource-producing economies
First written in FY2017-Q2. 5 of 15 entries say "Restated". Latest entry: FY2024-Q3.
PS Construction 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: 140 of 172 companies on the "Worse" side.
68 other companies' latest entry also says "Worsened".
- FY2024-Q3WorsenedAnnual report
「On the other hand, soaring material and fuel prices against the backdrop of deteriorating overseas conditions remain an issue, while further increases in construction costs are a concern.」
Regarding overseas conditions, the company explicitly cites, in addition to the existing concerns about inflation, surging materials and fuel prices and further increases in construction costs. Deteriorating overseas conditions were identified as a factor behind higher construction costs. - FY2024-Q1RestatedAnnual report
「Although concerns about inflation stemming from the situation in Ukraine remain,」
The company continues to cite concerns about inflation stemming from the situation in Ukraine as a business-environment risk. - FY2023-Q3WorsenedAnnual report
「However, if personal consumption deteriorates due to higher prices caused by surging resource prices and the weaker yen, this could adversely affect corporate performance and potentially restrain capital investment. Risks including a slowdown in the global economy due to higher interest rates and a resurgence of COVID-19 also remain, raising concerns that the momentum of the economic recovery could weaken. We recognize that Japan's economy is likely to continue alternating between improvement and deterioration.」
In addition to the existing uncertainty related to overseas economies and infectious diseases, the company specifically lists surging resource prices, the weaker yen, higher interest rates and the risk of a global economic slowdown. - FY2023-Q2Downside risks such as China's zero-COVID policy identifiedAnnual report
「Although large companies continue to maintain an active stance on capital investment and a moderate recovery is expected, many downside risks remain, including the status of COVID-19 infections, resource price trends and China's zero-COVID policy. The economic recovery is therefore expected to remain marked by considerable uncertainty for the time being.」
While indicating the prospect of a recovery in capital investment, the company explicitly identified the status of COVID-19 infections, resource prices and China's zero-COVID policy as downside risks, and expressed concern about uncertainty. - FY2023-Q1WorsenedAnnual report
「Concerns have emerged over the impact on personal consumption of higher crude oil prices and financial market turmoil partly resulting from Russia's invasion of Ukraine.」
In addition to the existing uncertainty related to the pandemic and overseas economies, the company cites higher crude oil prices and financial market turmoil stemming from the situation involving Russia and Ukraine as new sources of concern. - FY2022WorsenedAnnual report
「Fuel such as crude oil, as well as grain, timber and other commodities, have risen sharply due to the situation involving Russia and Ukraine, and it is expected to take some more time for the economy to recover to pre-pandemic levels.」
In addition to the existing uncertainty related to the pandemic and overseas economies, the company cites surging prices for fuel, grain, timber and other commodities due to the situation involving Russia and Ukraine as a new source of uncertainty. - FY2020WorsenedAnnual report
「The business environment surrounding the Group is highly uncertain and is expected to remain challenging due to concerns about the global spread and prolonged duration of COVID-19. In addition, numerous concerns remain regarding the impact of the spread of the disease on consumer trends and corporate activities, as well as political and economic uncertainty overseas, and the outlook is expected to remain challenging.」
In addition to the existing uncertainty in overseas economies and geopolitical affairs, the company explicitly cited the impact of COVID-19 on the global economy and corporate activities. - FY2020-Q2RestatedAnnual report
「Meanwhile, the outlook remains uncertain amid prolonged U.S.-China trade tensions, Brexit and concerns that a consumption tax increase could weaken the domestic economy.」
The company continues to cite U.S.-China trade tensions, Brexit and concerns that a consumption tax increase could weaken the domestic economy as sources of an uncertain outlook. - FY2020-Q1Consumption tax increase concerns addedAnnual report
「Meanwhile, uncertainty in the business environment is increasing due to the impact on the global economy of trade issues such as U.S.-China trade tensions and Brexit, as well as concerns that a consumption tax increase could weaken the domestic economy, and the outlook remains uncertain.」
In addition to the existing concerns over U.S.-China trade tensions and Brexit, the company cites concerns that a consumption tax increase could weaken the domestic economy as a source of uncertainty in the business environment. - FY2019-Q3U.S.-China trade tensions identified as a specific concernAnnual report
「Meanwhile, unresolved issues remain, including U.S.-China trade tensions and Brexit, and the outlook remains uncertain, including with respect to the impact on the domestic economy.」
In addition to uncertainty in overseas economies and Brexit, the company cites U.S.-China trade tensions as a specific factor raising concerns about the impact on the domestic economy. - FY2019-Q2Concern over conflicts related to protectionismAnnual report
「Meanwhile, conflicts between the U.S. administration and other countries over protectionism and other issues have left the outlook unpredictable, including with respect to the impact on the domestic economy.」
The company newly identified conflicts between the U.S. administration and other countries over protectionism as a specific factor behind uncertainty in overseas economic conditions and geopolitical affairs. - FY2018RestatedAnnual report
「Meanwhile, concerns about uncertainty in overseas economies and geopolitical risks remain, and the outlook remains unpredictable, including with respect to the impact on the domestic economy.」
The company continues to recognize uncertainty in overseas economies and geopolitical risks as sources of an uncertain outlook. - FY2018-Q2RestatedAnnual report
「Meanwhile, the outlook remains unpredictable amid continued uncertainty in the international economy and rising geopolitical risks.」
The company continues to recognize uncertainty in the international economy and rising geopolitical risks as sources of uncertainty in the economic environment, including overseas conditions. - FY2017RestatedAnnual report
「Meanwhile, the outlook remains uncertain due to developments in the economic policies of the new U.S. administration and the impact of Brexit and other factors on the domestic economy.」
The company continues to cite the impact of Brexit and other factors on the domestic economy and the resulting uncertain outlook. - FY2017-Q2First statedAnnual report
「Overseas, concerns remain about the impact of Brexit and economic downturns in emerging and resource-producing countries, including China, leaving the outlook uncertain.」
The company identified Brexit and economic downturns in emerging and resource-producing countries, including China, as new sources of uncertainty in the business environment.