Uncertainty over the outlook due to yen appreciation, falling share prices and overseas economic conditions
First written in FY2016-Q2. 28 of 56 entries say "Reframed", first in FY2016-Q3. Latest entry: FY2026-H1.
The Kaneshita Construction moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 124 of 167 companies on the "Worse" side.
23 other companies' latest entry also says "Reframed".
- FY2026-H1ReframedAnnual report
「During the six-month period ended [current interim period], the Japanese economy remained on a gradual recovery trend as employment and income conditions continued to improve. However, the economic outlook remained uncertain due to persistently high energy and raw material prices amid uncertainty over conditions in the Middle East.」
In addition to the previous concerns over unstable international conditions and rising prices, persistently high energy and raw material prices associated with uncertainty over conditions in the Middle East are explicitly identified. - FY2025ReframedAnnual report
「During the fiscal year, the Japanese economy remained on a gradual recovery trend, supported by improvements in employment and income conditions. However, the economic outlook remained uncertain amid continuing concerns over unstable international conditions and rising prices.」
The wording shifted from US trade policy in the previous interim period to unstable international conditions and rising prices as continuing concerns. - FY2025-H1ReframedAnnual report
「During the six-month period ended [current interim period], the Japanese economy remained on a gradual recovery trend as employment and income conditions improved. However, the economic outlook remained uncertain amid continuing concerns over US trade policy and rising prices.」
While the recovery trend is maintained, the wording shifted from unstable international conditions and currency fluctuations to continuing concerns over US trade policy and rising prices. - 2025-05-09RestatedEarnings
「しかしながら、不安定な国際情勢に加え、物価の上昇が継続的に懸念される等、景気の先行きは、依然として不透明な状況となりました。」
不安定な国際情勢と物価上昇による景気の先行き不透明感が継続している。 - FY2024ReframedAnnual report
「During the fiscal year, the Japanese economy remained on a gradual recovery trend as employment and income conditions improved. However, the economic outlook remained uncertain amid unstable international conditions, fluctuations in foreign exchange markets and continuing concerns over rising prices.」
In addition to the previous references to unstable international conditions and the weaker yen, fluctuations in foreign exchange markets and rising prices are explicitly identified as continuing concerns. - FY2024-H1ReframedAnnual report
「During the six-month period ended [current interim period], the Japanese economy remained on a gradual recovery trend, supported by strong corporate earnings and improvements in employment and income conditions. However, the economic outlook remained uncertain amid unstable international conditions and the depreciation of the yen.」
The wording shifted from soaring material and energy prices to uncertainty centered on unstable international conditions and the depreciation of the yen. - 2024-08-07ReframedEarnings
「不安定な国際情勢や円安の進行等、景気の先行きは、依然として不透明な状況となりました。」
景気の先行き不透明感について、従来の円安等に加えて不安定な国際情勢が明示され、リスクの構成が変化している。 - FY2024-Q1ReframedAnnual report
「The economic outlook remained uncertain due to soaring material and energy prices and the depreciation of the yen.」
Concerns over soaring material and energy prices continue, while the wording changed from unstable currency movements in the previous fiscal year to the depreciation of the yen. - 2024-05-10ReframedEarnings
「The economic outlook remained uncertain due to soaring material and energy prices and the depreciation of the yen.」
景気の先行き不透明感が継続し、為替について「不安定な為替の変動」から「円安の進行」へ表現が変化している。 - FY2023ReframedAnnual report
「During the fiscal year, the Japanese economy showed some gradual recovery as economic activity normalized following the easing of COVID-19 restrictions, including a recovery in personal consumption. However, the economic outlook remained uncertain due to soaring material and energy prices and unstable currency movements.」
The wording changed from the previous reference to the depreciation of the yen to unstable currency movements, while uncertainty about the economic outlook continued alongside soaring material and energy prices. - FY2023-Q3ReframedAnnual report
「Soaring material and energy prices and the depreciation of the yen continued, leaving the economic outlook uncertain.」
In addition to the previous references to soaring material prices and yen depreciation, soaring energy prices are explicitly mentioned, changing the composition of the economic concerns. - 2023-11-10RestatedEarnings
「Soaring material and energy prices and the depreciation of the yen continued, leaving the economic outlook uncertain.」
資材・エネルギー価格の高騰および円安に伴う景気の先行き不透明感が継続している。 - FY2023-Q2RestatedAnnual report
「During the six-month period ended [current second quarter], the Japanese economy showed some gradual recovery as COVID-19 restrictions were eased and social and economic activity normalized. However, the economic outlook remained uncertain as soaring material prices and the depreciation of the yen continued.」
The disclosure notes normalization of social and economic activity and some recovery, while soaring material prices and the depreciation of the yen continue to create uncertainty about the economic outlook. - 2023-08-09RestatedEarnings
「資材価格の高騰や円安の進行等も継続しており、景気の先行きは、依然として不透明な状況となりました。」
資材価格高騰、円安進行および景気の先行き不透明感が継続している。 - FY2023-Q1ReframedAnnual report
「During the three-month period ended [current first quarter], the Japanese economy showed some gradual recovery as restrictions on activity in response to COVID-19 were eased and social and economic activity normalized, including a recovery in personal consumption. However, the economic outlook remained uncertain as the prolonged situation in Russia and Ukraine continued to drive up raw material and energy prices, while the weaker yen pushed up prices.」
The easing of COVID-19 restrictions and normalization of social and economic activity are cited as recovery factors, while the prolonged situation in Russia and Ukraine, soaring raw material and energy prices, and inflation caused by yen depreciation remain concerns. - 2023-05-10RestatedEarnings
「ロシア・ウクライナ情勢の長期化による原材料・エネルギー価格高騰や円安による物価高等の影響が続いており、景気の先行きは、依然として不透明な状況となりました。」
社会経済活動の正常化や個人消費の持ち直しに触れる一方、原材料・エネルギー価格高騰と円安による物価高を挙げ、先行き不透明感を継続している。 - FY2022RestatedAnnual report
「However, the economic outlook remained uncertain due to the prolonged situation in Russia and Ukraine, soaring raw material and energy prices, and the effects of significant currency fluctuations.」
Uncertainty about the economic outlook due to the situation in Russia and Ukraine, soaring raw material and energy prices, and currency fluctuations continues. - 2023-02-10WorsenedEarnings
「However, the economic outlook remained uncertain due to the prolonged situation in Russia and Ukraine, soaring raw material and energy prices, and the effects of significant currency fluctuations.」
従来の資源価格高騰や円安への言及に加え、ロシア・ウクライナ情勢の長期化、原材料・エネルギー価格高騰および為替の著しい変動が明示され、景気の先行き不透明感が継続している。 - FY2022-Q3WorsenedAnnual report
「During the nine-month period ended [current third quarter], progress was made toward normalizing social and economic activity while thoroughly implementing measures to prevent COVID-19. However, the prolonged situation in Russia and Ukraine and the rapid depreciation of the yen led to further increases in energy and raw material prices, leaving the economic outlook uncertain.」
The disclosure notes progress toward normalizing social and economic activity, but also explicitly states that the prolonged situation in Russia and Ukraine and the rapid depreciation of the yen are driving further increases in energy and raw material prices, reinforcing uncertainty about the economic outlook. - 2022-11-10WorsenedEarnings
「ロシア・ウクライナ情勢の長期化に加え、急激な円安の進行がエネルギー及び原材料の更なる価格高騰に繋がる等、景気の先行きは、依然として不透明な状況となりました。」
従来の資源・エネルギー価格高騰と急激な円安に加え、ロシア・ウクライナ情勢の長期化およびエネルギー・原材料の更なる価格高騰が示されている。 - FY2022-Q2WorsenedAnnual report
「The economic outlook remained uncertain amid the situation in Russia and Ukraine, soaring raw material and energy prices, and the rapid depreciation of the yen.」
While some economic activity normalized following the easing of COVID-19 restrictions, soaring resource and energy prices continued, and the rapid depreciation of the yen was identified as a new concern. - 2022-08-09ReframedEarnings
「The economic outlook remained uncertain amid the situation in Russia and Ukraine, soaring raw material and energy prices, and the rapid depreciation of the yen.」
経済活動の一部正常化による持ち直しの動きに触れつつ、ロシア・ウクライナ情勢、エネルギー価格高騰および急激な円安が不透明要因として加わっている。 - FY2022-Q1WorsenedAnnual report
「During the three-month period ended [current first quarter], the Japanese economy became even more uncertain as the renewed spread of COVID-19 led to the implementation of priority preventive measures, restricting economic activity, while soaring resource prices driven by the situation in Russia and Ukraine also became a concern.」
In addition to the continued restrictions on economic activity due to COVID-19, the implementation of priority preventive measures and soaring resource prices driven by the situation in Russia and Ukraine are explicitly identified, and the economic outlook is described as even more uncertain. - FY2021-Q3RestatedAnnual report
「During the nine-month period ended [current third quarter], the Japanese economy remained difficult as the spread of COVID-19 continued to constrain economic activity and depress personal consumption and employment conditions. The economic outlook remained uncertain.」
The spread of COVID-19, restrictions on economic activity, weak personal consumption and employment conditions, and uncertainty about the economic outlook continue. - 2021-11-10RestatedEarnings
「During the nine-month period ended [current third quarter], the Japanese economy remained difficult as the spread of COVID-19 continued to constrain economic activity and depress personal consumption and employment conditions. The economic outlook remained uncertain.」
The impact of COVID-19, restrictions on economic activity, sluggish personal consumption and employment conditions, and uncertainty over the economic outlook continued to be reported from the previous quarter. - FY2021-Q2ReframedAnnual report
「During the six-month period ended [current second quarter], the Japanese economy remained difficult as repeated declarations of a state of emergency in response to the spread of COVID-19 constrained economic activity and depressed personal consumption and employment conditions. The economic outlook remained uncertain.」
Compared with the previous quarter's references to the renewed spread of COVID-19 and weak personal consumption, repeated declarations of a state of emergency and weak employment conditions are explicitly identified, providing greater detail on the difficult economic environment. - FY2021-Q1RestatedAnnual report
「During the three-month period ended [current first quarter], the Japanese economy remained difficult as the renewed spread of COVID-19 constrained economic activity, personal consumption failed to regain strength, and the economic outlook remained uncertain.」
The renewed spread of COVID-19, restrictions on economic activity, weak personal consumption and uncertainty about the economic outlook continue. - FY2020RestatedAnnual report
「During the fiscal year, the Japanese economy faced extremely difficult conditions as the spread of COVID-19 constrained economic activity, reduced corporate earnings and worsened employment and income conditions. The economic outlook also remained uncertain.」
The constraints on economic activity, decline in corporate earnings, deterioration in employment and income conditions, and uncertainty about the outlook due to COVID-19 continue. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended [current third quarter], the Japanese economy remained in extremely difficult conditions as economic activity stagnated due to the impact of COVID-19 and employment and income conditions deteriorated. The economic outlook also remained uncertain.」
The stagnation of economic activity, deterioration in employment and income conditions, extremely difficult conditions and uncertainty about the economic outlook due to COVID-19 continue. - FY2020-Q2WorsenedAnnual report
「During the six-month period ended [current second quarter], the Japanese economy faced extremely difficult conditions as the spread of COVID-19 restricted economic activity, reduced corporate earnings and personal consumption, and worsened employment and income conditions.」
The previous uncertainty about the outlook has developed into extremely difficult conditions involving restrictions on economic activity, declines in corporate earnings and personal consumption, and deterioration in employment and income conditions due to COVID-19. - FY2020-Q1WorsenedAnnual report
「During the three-month period ended [current first quarter], the Japanese economy was on a gradual recovery trend, supported by improvements in employment conditions, but became difficult as the spread of COVID-19 slowed economic activity and caused disruption in the equity markets. The outlook also remained uncertain.」
In addition to the previous uncertainty stemming from overseas economic conditions, the disclosure explicitly identifies the slowdown in economic activity and disruption in the equity markets caused by the spread of COVID-19, indicating a worsening economic environment. - FY2019ReframedAnnual report
「During the fiscal year, the Japanese economy remained on a gradual recovery trend, supported by continued improvements in employment and income conditions and a recovery in personal consumption, but the economic outlook remained uncertain amid concerns over overseas economic conditions.」
The wording returns from specific factors such as US-China trade friction to general concerns over overseas economic conditions, while uncertainty about the economic outlook continues. - FY2019-Q3ReframedAnnual report
「During the nine-month period ended [current third quarter], the Japanese economy remained on a gradual recovery trend, supported by improvements in income conditions, but continued to face an uncertain outlook due to concerns including the prolonged US-China trade friction.」
The reference to the prolonged US-China trade friction continues, while the direct references to trade issues and overseas economic conditions in the previous quarter have been removed. - FY2019-Q2ReframedAnnual report
「During the six-month period ended [current second quarter], the Japanese economy remained on a gradual recovery trend, supported by improvements in income conditions, but the economic outlook remained uncertain amid concerns over overseas economic conditions, including trade issues and the prolonged US-China trade friction.」
The reference to the UK's withdrawal from the EU in the previous quarter has been removed. Trade issues and the prolonged US-China trade friction are identified as concerns relating to overseas economic conditions. - FY2019-Q1ReframedAnnual report
「However, the economic outlook remained uncertain amid concerns over the impact of US-China trade friction and the UK's withdrawal from the EU on the global economy.」
The disclosure moves from general concerns over overseas economic conditions and trade issues to explicitly identifying the impact of US-China trade friction and the UK's withdrawal from the EU on the global economy. - FY2018ReframedAnnual report
「During the fiscal year, the Japanese economy remained on a gradual recovery trend, supported by strong corporate earnings and improvements in employment and income conditions. However, the economic outlook remained uncertain amid concerns over stagnant personal consumption and overseas economic conditions.」
The wording shifted from references to trade issues and crude oil prices to stagnant personal consumption and concerns over overseas economic conditions as the main sources of uncertainty. - FY2018-Q3ReframedAnnual report
「At the same time, the outlook for the economy remained uncertain amid concerns over trade issues and crude oil prices.」
Trade issues were identified as a new concern in place of the previous general reference to overseas economic conditions, while concerns over crude oil prices continued. - FY2018-Q2ReframedAnnual report
「Meanwhile, the outlook for the economy remained uncertain amid concerns over overseas economic conditions and crude oil prices.」
Concerns over overseas economic conditions continued, while crude oil prices were added as a new concern in place of the previous reference to exchange-rate fluctuations. - FY2018-Q1RestatedAnnual report
「During the three-month period ended 30 June, the Japanese economy remained on a gradual recovery track, with sustained solid corporate earnings, improvements in employment and income conditions, and a pickup in personal consumption, but the outlook remained uncertain amid concerns over overseas economic conditions.」
Improvements in employment, income conditions and personal consumption are noted, while concerns over overseas economic conditions and uncertainty about the economic outlook continue. - FY2017RestatedAnnual report
「However, the outlook for the economy remained uncertain, amid concerns over downside risks to the overseas economy.」
Downside risks to the overseas economy and uncertainty about the economic outlook continue. - FY2017-Q3RestatedAnnual report
「Against a backdrop of solid corporate earnings, the economy remained on a gradual recovery track, supported by a pickup in capital investment and improvements in employment and income conditions, but the outlook remained uncertain amid concerns over downside risks to the overseas economy.」
Downside risks to the overseas economy and uncertainty about the outlook have continued from the previous quarter. - FY2017-Q2ReframedAnnual report
「During the six-month period ended 30 September, the Japanese economy remained on a gradual recovery track as corporate earnings stayed solid and employment and income conditions improved, but the outlook remained uncertain amid concerns over downside risks to the overseas economy.」
The previous concern over overseas economic conditions is now described as downside risks to the overseas economy, while uncertainty about the outlook continues. - FY2017-Q1RestatedAnnual report
「During the three-month period ended 30 June, the Japanese economy remained on a gradual recovery track, supported by improvements in employment and income conditions, but the outlook remained uncertain amid concerns over overseas economic conditions.」
Improvements in employment and income conditions are noted, while concerns over overseas economic conditions and uncertainty about the outlook continue. - FY2016ReframedAnnual report
「During the fiscal year, the Japanese economy showed some signs of recovery, including improvements in employment and income conditions, but personal consumption lacked strength and the outlook remained uncertain amid concerns over overseas economic conditions.」
The wording shifted from references to exchange-rate fluctuations and the stock market to weak personal consumption and concerns over overseas economic conditions as the main sources of uncertainty. - FY2016-Q3ReframedAnnual report
「During the nine-month period ended 31 December, the Japanese economy remained on a gradual recovery track, supported by solid corporate earnings, but the outlook remained uncertain amid concerns over exchange-rate fluctuations and overseas economic conditions.」
The wording changed from the previous reference to the appreciation of the yen and decline in share prices to exchange-rate fluctuations. The stock market is no longer mentioned, while uncertainty arising from overseas economic conditions remains. - FY2016-Q2First statedAnnual report
「The economy remained in an uncertain environment, amid the continued appreciation of the yen and decline in share prices, as well as concerns over overseas economic conditions.」
The domestic economy is described as being on a gradual recovery track, while uncertainty in the foreign exchange and stock markets and overseas economic conditions is identified as an external risk.