Brexit and Uncertainty in the Global Economy
First written in FY2017-Q1. 13 of 22 entries say "Reframed", first in FY2018-Q1. Latest entry: FY2025.
Shin Nippon Air Technologies moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
11 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「Uncertainty remains high due to the situation in Ukraine, tensions in the Middle East, the slowdown in the Chinese economy, supply chain disruptions and the effects of climate change.」
The discussion of factors contributing to uncertainty in the global economy and overseas conditions has been updated from the previous focus on infectious diseases and trade friction to the situation in Ukraine, tensions in the Middle East, the slowdown in the Chinese economy, supply chain disruptions and climate change. - FY2024-Q3WorsenedAnnual report
「During the first 3 quarters of the consolidated fiscal year, Japan's economy was on a gradual recovery path as social and economic activity normalized. However, the outlook remained uncertain because of heightened geopolitical risks, including the situations in Ukraine and the Middle East, and prolonged inflation.」
The situation in the Middle East has been newly specified as a factor contributing to uncertainty in overseas and geopolitical conditions and is described as an increase in geopolitical risks. - FY2024-Q1ReframedAnnual report
「Although COVID-19 was reclassified as a Category V infectious disease and socioeconomic activity is moving toward normalization, uncertainty about the outlook continues amid surging energy and raw material prices caused by the prolonged situation in Ukraine and rising prices due to the yen’s depreciation.」
The discussion of factors contributing to uncertainty in the overseas and economic environment focuses on the situation in Ukraine, energy and raw material prices, and inflation caused by yen depreciation, while also recognizing changes in restrictions related to infectious diseases. - FY2023-Q3ReframedAnnual report
「During the first nine months of the current fiscal year, Japan’s economy was moving toward normalization of socioeconomic activity as restrictions related to COVID-19 were eased. However, uncertainty about the outlook continued amid surging energy prices caused by the prolonged situation in Ukraine and rising prices due to the yen’s depreciation.」
The discussion of factors contributing to uncertainty in overseas conditions and the economic environment has been organized around the prolonged situation in Ukraine, soaring energy prices, and inflation caused by yen depreciation. - FY2023-Q2ReframedAnnual report
「Although restrictions related to COVID-19 have been eased and socioeconomic activity is moving toward normalization, uncertainty about the outlook continues due to surging resource prices and supply chain disruptions caused by the prolonged situation in Ukraine, as well as the yen’s substantial depreciation.」
Factors cited as contributing to uncertainty in the global economy and overseas conditions include the prolonged situation in Ukraine, soaring resource prices, supply chain disruptions and a sharp depreciation of the yen, in addition to the previously cited infectious diseases and trade friction. - FY2021-Q1RestatedAnnual report
「Amid the impact of factors including prolonged trade friction between the United States and China, uncertainty surrounding private-sector capital investment is increasing. At the same time, shortages of skilled workers and engineers, measures to address long working hours and digital transformation initiatives to improve productivity have become essential.」
The assessment of the business environment that uncertainty surrounding private-sector capital investment is increasing against a backdrop of prolonged US-China trade friction continues to be reported. - FY2020ReframedAnnual report
「During the consolidated fiscal year, concerns about a slowdown in the global economy increased due to the prolonged US-China trade friction and the UK's withdrawal from the EU. However, supported by firm domestic demand, improvements in the employment and income environment progressed and a moderate economic recovery continued. Economic activity was subsequently constrained by the global spread of the novel coronavirus disease and the government’s declaration of a state of emergency, leaving the outlook highly uncertain.」
The factors contributing to uncertainty in the overseas economy have been reorganized to include the novel coronavirus disease and restrictions on economic activity, in addition to US-China trade friction and the UK's EU withdrawal. - FY2020-Q3ReframedAnnual report
「Meanwhile, there are many sources of concern, including deteriorating sentiment caused by tensions over trade issues, concerns about the outlook for the Chinese economy, developments in the overseas economy such as the UK's confirmed EU withdrawal, and fluctuations in financial and capital markets. The outlook is expected to remain weak for the time being.」
The discussion of factors contributing to uncertainty in the overseas economy and market environment has been organized as a list including trade issues, the Chinese economy, the UK's confirmed EU withdrawal, and fluctuations in financial and capital markets. - FY2020-Q2ReframedAnnual report
「Meanwhile, there are many sources of concern, including deteriorating sentiment caused by tensions over trade issues, concerns about the outlook for the Chinese economy, developments in the overseas economy such as the UK's impending EU withdrawal, fluctuations in financial and capital markets, and declining consumer sentiment following the consumption tax rate increase. The outlook is expected to remain weak for the time being.」
The discussion of factors contributing to uncertainty in the overseas economy and market environment has been organized as a list including trade issues, the Chinese economy, the UK's EU withdrawal, financial and capital markets, and declining consumer sentiment due to the consumption tax rate increase. - FY2020-Q1ReframedAnnual report
「Meanwhile, the outlook remains weak for the time being, amid numerous concerns including the deterioration in sentiment caused by US-China trade frictions, the outlook for China’s economy, trends in the financial and capital markets, geopolitical uncertainty represented by the issue of the US withdrawal from the Iran nuclear agreement, and developments surrounding the UK’s withdrawal from the EU, as well as the scheduled consumption tax increase in October.」
The discussion of factors contributing to uncertainty in overseas economic and geopolitical conditions has been organized to include US-China trade friction, the Chinese economy, financial and capital markets, the issue of the US withdrawal from the Iran nuclear deal, the UK's EU withdrawal, and the consumption tax increase. - FY2019ReframedAnnual report
「During the current consolidated fiscal year, Japan's economic conditions were characterized by extremely slow progress toward overcoming deflation, as personal consumption declined due to frequent natural disasters, export growth slowed, and sentiment deteriorated amid the intensifying US-China trade war.」
The discussion of uncertainty in the overseas economy and economic conditions has been reorganized from the previous focus on geopolitical risks and concerns over trade friction to an assessment of conditions including natural disasters, slowing exports and the intensification of the US-China trade war. - FY2019-Q3ReframedAnnual report
「During the nine-month cumulative period of the current consolidated fiscal year, Japan's economy appears to be on a gradual recovery trend, supported by strong corporate performance and employment and income conditions, despite sharp fluctuations in share prices and exchange rates amid an uncertain overseas economic environment, including concerns over trade friction.」
The discussion of factors contributing to uncertainty in the overseas economy has been reorganized from wording including the previous quarter's natural disasters to wording including concerns over trade friction and sharp fluctuations in share prices and exchange rates. - FY2019-Q2ReframedAnnual report
「During the six-month cumulative period of the current consolidated fiscal year, Japan's economy appears to be on a gradual recovery trend, supported by robust employment and income conditions amid an uncertain overseas economic environment, including the effects of successive natural disasters and concerns over trade friction.」
The discussion of factors contributing to uncertainty in the overseas economy has been reorganized from conventional factors such as geopolitical risks to wording that includes the effects of successive natural disasters and concerns over trade friction. - FY2019-Q1ReframedAnnual report
「During the three-month cumulative period of the current consolidated fiscal year, Japan's economy appears to be on a gradual recovery trend, supported by robust employment and income conditions amid an uncertain overseas economic environment, including geopolitical risks and concerns over trade friction.」
The discussion has been reorganized from individual factors previously described, such as the UK's EU withdrawal issue and uncertainty surrounding policies in Europe and the United States, to an uncertain overseas economic environment including geopolitical risks and concerns over trade friction. - FY2018DroppedAnnual reportThe individual factors described through the previous quarter, including the UK's EU withdrawal issue, uncertainty surrounding policies in Europe and the United States, and geopolitical risks in Asia, cannot be found in this fiscal year's descriptions of business and other risks or the business environment.
- FY2018-Q3RestatedAnnual report
「During the nine-month cumulative period of the current consolidated fiscal year, Japan's economy continued on a gradual recovery trend against a backdrop of improving corporate earnings and employment conditions. However, the economic outlook has become uncertain due to uncertainty surrounding policies in Europe and the United States and increasing geopolitical risks in Asia.」
Uncertainty surrounding policies in Europe and the United States and geopolitical risks in Asia continue to be identified as factors clouding the economic outlook. - FY2018-Q2RestatedAnnual report
「During the six-month cumulative period of the current consolidated fiscal year, Japan's economy continued on a gradual recovery trend against a backdrop of improving corporate earnings and employment conditions. However, the economic outlook has become uncertain due to uncertainty surrounding policies in Europe and the United States and increasing geopolitical risks in Asia.」
Uncertainty surrounding policies in Europe and the United States and geopolitical risks in Asia continue to be identified as factors clouding the economic outlook. - FY2018-Q1ReframedAnnual report
「During the three-month cumulative period of the current consolidated fiscal year, Japan's economy continued on a gradual recovery trend against a backdrop of improving corporate earnings and employment conditions. However, the economic outlook has become uncertain due to uncertainty surrounding policies in Europe and the United States and increasing geopolitical risks in Asia.」
The discussion has been reorganized from individual factors previously cited, such as the UK's EU withdrawal issue and policies of the new US administration, to uncertainty surrounding policies in Europe and the United States and geopolitical risks in Asia. - FY2017DroppedAnnual reportThe current fiscal year's main text does not mention the UK's EU withdrawal issue, uncertainty in the global economy including China, or policies of the new US administration as individual factors.
- FY2017-Q3RestatedAnnual report
「During the nine-month cumulative period of the current consolidated fiscal year, Japan's economy remained on a gradual recovery trend, supported by improvements in corporate earnings and the employment environment. However, uncertainty in the global economy increased due to the economic slowdown in emerging Asian economies, particularly China, and the impact of policies of the new US administration, and the outlook remained uncertain.」
In addition to the economic slowdown in emerging Asian economies, particularly China, the impact of policies of the new US administration continues to be identified as a factor contributing to uncertainty in the global economy. - FY2017-Q2RestatedAnnual report
「During the first six months of the current fiscal year, Japan’s economy continued on a gradual recovery trend, supported by improving corporate earnings and employment conditions. However, uncertainty in the global economy increased as economic growth slowed in emerging Asian economies, particularly China, and the outlook for the economy remained uncertain.」
The economic slowdown in emerging Asian economies, particularly China, and increasing uncertainty in the global economy continue to be reported. - FY2017-Q1First statedAnnual report
「Uncertainty about the economic outlook continues, amid concerns including the UK’s withdrawal from the EU, growing uncertainty in the global economy, particularly China, and sharp fluctuations in share prices and foreign-exchange rates.」
The UK's EU withdrawal issue and increasing uncertainty in the global economy, including China, are identified as factors clouding the outlook for the economy.