Uncertainty from Overseas Economic Slowdown and Foreign Exchange and Equity Market Volatility
First written in FY2016-Q3. 23 of 37 entries say "Restated". Latest entry: 2026-10-09.
Akatsuki Eazima 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: 125 of 168 companies on the "Worse" side.
65 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「During the interim accounting period, Japan's economy showed a gradual recovery in areas including inbound demand and personal consumption as rising costs, including resource prices, were increasingly passed through to selling prices, employment and income conditions improved, and social and economic activity normalized. However, the outlook remained uncertain due to worsening consumer sentiment amid rising prices, declining labor supply, volatility in financial and capital markets, the impact of US tariff policies, and stalled globalization resulting from heightened geopolitical risks.」
While describing a gradual recovery in the economy, the company specifically identifies worsening consumer sentiment, volatility in financial and capital markets, US tariff policies and stalled globalization due to geopolitical risks as sources of uncertainty. - 2026-04-03WorsenedEarnings
「However, the outlook remains uncertain due to factors including deteriorating consumer sentiment against a backdrop of rising prices, declining labor supply, volatility in the financial and capital markets, the impact of U.S. tariff policies, and stalled globalization resulting from heightened geopolitical risks.」
In addition to the existing sources of uncertainty, the company explicitly cites deteriorating consumer sentiment, volatility in the financial and capital markets, and the impact of U.S. tariff policies. - FY2025RestatedAnnual report
「During the fiscal year, Japan's economy showed a gradual recovery in areas including inbound demand and personal consumption as rising costs, including resource prices, were increasingly passed through to selling prices, employment and income conditions improved, and social and economic activity normalized. However, the outlook remained uncertain due to declining labor supply, persistently high raw material and energy prices, inflationary pressure, and stalled globalization resulting from heightened geopolitical risks.」
While indicating a gradual recovery in the economy, the company continues to identify declining labor supply, raw material and energy prices, inflation and geopolitical risks as sources of uncertainty. - FY2024-Q3WorsenedAnnual report
「During the cumulative third quarter, Japan's economy showed a gradual recovery in areas including inbound demand and personal consumption as rising costs, including resource prices, were increasingly passed through to selling prices, employment and income conditions improved, and social and economic activity normalized. However, the outlook remained uncertain due to declining labor supply, persistently high raw material and energy prices, inflationary pressure, and stalled globalization resulting from heightened US-China tensions and geopolitical risks.」
While indicating a gradual economic recovery, the company lists declining labor supply, persistently high raw material and energy prices, inflation, US-China tensions and stalled globalization due to geopolitical risks as new sources of uncertainty. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter, Japan's economy showed a gradual recovery in areas including inbound demand and personal consumption as social and economic activity normalized following the reclassification of COVID-19 as a Class 5 disease. However, the outlook remained uncertain due to persistently high raw material and energy prices, inflationary pressure and the impact of a slowdown in the Chinese economy.」
While indicating a gradual recovery in the economy following the reclassification of COVID-19 as a Class 5 disease, the company continues to describe uncertainty about the outlook due to raw material and energy prices, inflationary pressure and the slowdown in the Chinese economy. - FY2024-Q1ReframedAnnual report
「During the cumulative first quarter, Japan's economy showed a gradual recovery in areas including inbound demand and personal consumption as social and economic activity normalized following the reclassification of COVID-19 as a Class 5 disease. However, the outlook remained uncertain due to persistently high raw material and energy prices, inflationary pressure and the impact of a slowdown in the Chinese economy.」
The company describes the normalization of social and economic activity and economic recovery following the reclassification of COVID-19 as a Class 5 disease, while identifying persistently high raw material and energy prices, inflationary pressure and the slowdown in the Chinese economy as new sources of uncertainty. - FY2023RestatedAnnual report
「However, the outlook remained extremely uncertain due to soaring resource prices associated with the prolonged Russia-Ukraine situation, volatility in financial and capital markets, sharp foreign exchange movements and surging prices.」
The company continues to describe uncertainty surrounding the Russia-Ukraine situation, resource prices, financial and capital markets, foreign exchange and prices. - FY2023-Q3RestatedAnnual report
「However, the outlook remained extremely uncertain due to soaring resource prices associated with the prolonged Russia-Ukraine situation, volatility in financial and capital markets, sharp foreign exchange movements and surging prices.」
The company continues to describe the extremely uncertain outlook due to the prolonged Russia-Ukraine situation, soaring resource prices, volatility in financial and capital markets, sharp foreign exchange movements and surging prices. - FY2023-Q2WorsenedAnnual report
「However, the outlook remained extremely uncertain due to soaring resource prices associated with the prolonged Russia-Ukraine situation, volatility in financial and capital markets, sharp foreign exchange movements and rising prices.」
In addition to the previous infectious disease, supply chain disruption and Russia-Ukraine factors, the company specifically identifies volatility in financial and capital markets, sharp foreign exchange movements and rising prices as sources of uncertainty. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter, Japan's economy remained in a difficult situation, with economic activity continuing to stagnate amid the global spread of COVID-19. While vaccination programs were promoted and measures were taken to prevent the spread of infection, and various policy measures and the overseas economy showed signs of improvement, the outlook remained extremely uncertain due to the risk of an economic downturn from a resurgence of infections in Japan and overseas, deterioration in the supply-demand balance caused by global supply chain disruptions, and soaring resource prices resulting from Russia's invasion of Ukraine.」
The company continues to describe the extremely uncertain outlook due to COVID-19, a resurgence of infections, supply chain disruptions, deterioration in the supply-demand balance, Russia's invasion of Ukraine and soaring resource prices. - FY2022RestatedAnnual report
「During the fiscal year, Japan's economy remained in a difficult situation, with economic activity continuing to stagnate amid the global spread of COVID-19. While vaccination programs were promoted and measures were taken to prevent the spread of infection, and various policy measures and the overseas economy showed signs of improvement, the outlook remained extremely uncertain due to the risk of an economic downturn from a resurgence of infections in Japan and overseas, deterioration in the supply-demand balance caused by global supply chain disruptions, and soaring resource prices resulting from Russia's invasion of Ukraine.」
The company continues to describe the extremely uncertain outlook due to a resurgence of infections, supply chain disruptions, deterioration in the supply-demand balance, Russia's invasion of Ukraine and soaring resource prices. - FY2022-Q3RestatedAnnual report
「While vaccination programs were promoted and measures were taken to prevent the spread of infection, and various policy measures and the overseas economy showed signs of improvement, the outlook remained extremely uncertain due to the risk of an economic downturn from a resurgence of infections in Japan and overseas, deterioration in the supply-demand balance caused by global supply chain disruptions, and soaring resource prices resulting from Russia's invasion of Ukraine.」
The company continues to describe the extremely uncertain outlook due to a resurgence of infections, supply chain disruptions, deterioration in the supply-demand balance, Russia's invasion of Ukraine and soaring resource prices. - FY2022-Q2WorsenedAnnual report
「During the cumulative second quarter, Japan's economy remained in a difficult situation, with economic activity continuing to stagnate amid the global spread of COVID-19. While vaccination programs were promoted and measures were taken to prevent the spread of infection, and various policy measures and the overseas economy showed signs of improvement, the outlook remained extremely uncertain due to the risk of an economic downturn from a resurgence of infections in Japan and overseas, deterioration in the supply-demand balance caused by global supply chain disruptions, and soaring resource prices resulting from Russia's invasion of Ukraine.」
In addition to the previous resurgence of infections, supply chain disruptions and volatility in financial and capital markets, the company specifically identifies Russia's invasion of Ukraine and soaring resource prices as new sources of uncertainty. - FY2022-Q1WorsenedAnnual report
「While vaccination programs were promoted and measures were taken to prevent the spread of infection, and various policy measures and the overseas economy showed signs of improvement, the outlook remained extremely uncertain due to the risk of an economic downturn from a resurgence of infections in Japan and overseas, deterioration in the supply-demand balance caused by global supply chain disruptions, and volatility in financial and capital markets.」
In addition to the resurgence of infections and volatility in financial and capital markets, the company specifically identifies deterioration in the supply-demand balance caused by global supply chain disruptions as a new concern. - FY2021RestatedAnnual report
「During the fiscal year, Japan's economy remained in a difficult situation, with economic activity continuing to stagnate amid the global spread of COVID-19. While various policy measures and the overseas economy showed signs of improvement as measures were taken to prevent the spread of infection, the outlook remained extremely uncertain due to the increased risk of an economic downturn from a resurgence of infections in Japan and overseas, as well as volatility in financial and capital markets.」
The company continues to describe the extremely uncertain outlook due to COVID-19, the risk of an economic downturn from a resurgence of infections, and volatility in financial and capital markets. - FY2021-Q3WorsenedAnnual report
「During the cumulative first 3 quarters, Japan's economy remained in a difficult situation, with economic activity continuing to stagnate amid the global spread of COVID-19. While various policy measures and the overseas economy showed signs of improvement as measures were taken to prevent the spread of infection, the outlook remained extremely uncertain due to the increased risk of an economic downturn from a resurgence of infections in Japan and overseas, as well as volatility in financial and capital markets.」
While noting signs of improvement in the overseas economy, the company cites the increased risk of an economic downturn from a resurgence of infections in Japan and overseas and volatility in financial and capital markets, describing the outlook as 'extremely uncertain.' - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter, Japan's economy remained stagnant as the global spread of COVID-19 restricted the movement of people and goods through lockdowns, requests for voluntary restrictions on going out and other measures. In addition, the uncertain outlook for tensions between the US and China over trade and investment has increased uncertainty, and economic activity is expected to weaken further as sentiment deteriorates worldwide.」
The company continues to describe stagnant economic activity caused by COVID-19, uncertainty over US-China trade and investment, and the worsening outlook for the global economy. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter, Japan's economy remained stagnant as the global spread of COVID-19 restricted the movement of people and goods through lockdowns, requests for voluntary restrictions on going out and other measures. In addition, the uncertain outlook for tensions between the US and China over trade and investment has increased uncertainty, and economic activity is expected to weaken further as sentiment deteriorates worldwide.」
The company continues to describe movement restrictions and stagnant economic activity caused by COVID-19, uncertainty over US-China trade and investment, and the worsening outlook for the global economy. - FY2020RestatedAnnual report
「During the fiscal year, Japan's economy remained stagnant as the global spread of COVID-19 restricted the movement of people and goods through lockdowns, requests for voluntary restrictions on going out and other measures. In addition, the uncertain outlook for tensions between the US and China over trade and investment has increased uncertainty, and economic activity is expected to weaken further as sentiment deteriorates worldwide.」
The company continues to describe movement restrictions and stagnant economic activity caused by COVID-19, as well as uncertainty over US-China trade and investment, as risks to the global economy. - FY2020-Q3WorsenedAnnual report
「During the cumulative first 3 quarters, Japan's economy remained stagnant as the global spread of COVID-19 restricted the movement of people and goods through lockdowns, requests for voluntary restrictions on going out and other measures. In addition, the uncertain outlook for tensions between the US and China over trade and investment has increased uncertainty, and economic activity is expected to weaken further as sentiment deteriorates worldwide.」
In addition to the previous slowdown in the global economy and uncertainty over US-China trade and investment, the company specifically describes the global spread of COVID-19, movement restrictions, stagnant economic activity and worsening economic sentiment. - FY2020-Q2WorsenedAnnual report
「In addition, the outlook for tensions between the US and China over trade and investment has become more uncertain, and economic activity is expected to weaken further as sentiment deteriorates worldwide.」
The company states that, in addition to the previous slowdown in the global economy and US-China trade friction, tensions between the US and China over trade and investment are increasing uncertainty. - FY2020-Q1RestatedAnnual report
「However, with global economic growth slowing rapidly and remaining flat, investment is expected to weaken and economic activity to decline further worldwide as intensifying US-China trade conflicts and financial market vulnerability risks worsen sentiment across the global economy.」
As in the previous fiscal year, the company describes uncertainty about the outlook due to the slowdown in the global economy, US-China trade conflicts, financial market vulnerability and worsening economic sentiment. - FY2019WorsenedAnnual report
「However, with global economic growth slowing rapidly and remaining flat, investment is expected to weaken and economic activity to decline further worldwide as intensifying US-China trade conflicts and financial market vulnerability risks worsen sentiment across the global economy.」
In addition to the previous uncertainty surrounding overseas economic, policy and geopolitical conditions, the company specifically describes the rapid slowdown in global economic growth, US-China trade conflicts, financial market vulnerability and worsening economic sentiment. - FY2019-Q3RestatedAnnual report
「However, the outlook for the economy has remained uncertain amid sluggish personal consumption, US-China trade friction, the UK's withdrawal from the EU and geopolitical risks.」
The company continues to describe uncertainty about the outlook due to sluggish personal consumption, US-China trade friction, the UK's withdrawal from the EU and geopolitical risks. - FY2019-Q2RestatedAnnual report
「However, the outlook for the economy has remained uncertain amid sluggish personal consumption, US-China trade friction, the UK's withdrawal from the EU and geopolitical risks.」
The company continues to describe uncertainty about the outlook due to overseas economic, policy and geopolitical risks, citing sluggish personal consumption and US-China trade friction as concerns. - FY2019-Q1RestatedAnnual report
「However, uncertainty about the outlook has persisted amid concerns over the policies of the US administration and protectionist trends, as well as geopolitical risks.」
The company continues to describe uncertainty about the outlook due to US administration policies, protectionist trends and geopolitical risks. - FY2018RestatedAnnual report
「However, uncertainty about the outlook has persisted amid concerns over the policies of the US administration and protectionist trends, as well as geopolitical risks.」
The company continues to describe uncertainty about the outlook due to US administration policies, protectionist trends and geopolitical risks. - FY2018-Q3RestatedAnnual report
「In the overseas economy, uncertainty about the outlook has persisted amid concerns over the future policies of the new US administration and protectionist trends, as well as geopolitical risks, although the overseas economy has entered a gradual recovery trend.」
While continuing to describe uncertainty about the outlook due to overseas policy and economic conditions and geopolitical risks, the company also describes the overseas economy as being on a gradual recovery trend. - FY2018-Q2RestatedAnnual report
「In the overseas economy, uncertainty about the outlook has persisted amid concerns over the future policies of the new US administration and protectionist trends, as well as geopolitical risks in neighboring countries, although the overseas economy has entered a gradual recovery trend.」
While continuing to describe uncertainty about the outlook due to overseas policy and economic conditions and geopolitical risks, the company also describes the overseas economy as being on a gradual recovery trend. - FY2018-Q1RestatedAnnual report
「In the overseas economy, uncertainty about the outlook has persisted amid concerns over the future policies of the new US administration and protectionist trends, as well as geopolitical risks from North Korea's missile launches, although the overseas economy has entered a gradual recovery trend.」
In addition to the previous uncertainty surrounding overseas policy, economic conditions and markets, the company cites geopolitical risks from North Korea's missile launches, while also describing the overseas economy as being on a gradual recovery trend. - FY2017-Q3RestatedAnnual report
「However, concerns about the policies of the new U.S. administration and its protectionist tendencies, turmoil in the European economy resulting from the UK's withdrawal from the EU, and economic slowdowns in China, other emerging Asian countries and resource-rich countries caused fluctuations in foreign-exchange rates and equity markets, and uncertainty about the outlook continued.」
The company continues to describe the risks of overseas economic, policy and market volatility, while identifying protectionist trends and turmoil in the European economy as specific concerns. - FY2017-Q2RestatedAnnual report
「However, uncertainty about the outlook has persisted, as foreign exchange rates and equity markets have fluctuated significantly amid concerns over the future policies of the new US administration, the impact of the UK's withdrawal from the EU, and economic slowdowns in China, emerging Asian economies and resource-producing countries.」
The company continues to describe volatility in foreign exchange and equity markets and uncertainty about the outlook against a backdrop of the new US administration, the UK's withdrawal from the EU and slowing overseas economies. - FY2017-Q1RestatedAnnual report
「However, uncertainty about the outlook has persisted, as foreign exchange rates and equity markets have fluctuated significantly amid concerns over the future policies of the new US president, the impact of the UK's withdrawal from the EU, and economic slowdowns in China, emerging Asian economies and resource-producing countries.」
The company continues to describe volatility in foreign exchange and equity markets and uncertainty about the outlook against a backdrop of the new US administration, the UK's withdrawal from the EU and slowing overseas economies. - FY2016RestatedAnnual report
「However, uncertainty about the outlook has persisted, as foreign exchange rates and equity markets have fluctuated significantly amid concerns over the impact of the UK's withdrawal from the EU, economic slowdowns in China, emerging Asian economies and resource-producing countries, and the impact of the Bank of Japan's introduction of negative interest rates.」
The company continues to describe volatility in foreign exchange and equity markets and uncertainty about the outlook against a backdrop of the overseas economy, the UK's withdrawal from the EU and monetary policy. - FY2016-Q3First statedAnnual report
「However, uncertainty about the outlook has persisted, as foreign exchange rates and equity markets have fluctuated significantly amid concerns over the issue of the EU withdrawal and an economic slowdown in China and emerging Asian economies.」
The company describes market volatility and uncertainty about the outlook against a backdrop of the EU withdrawal issue and concerns over economic slowdowns in China and emerging Asian economies.