Uncertainty Over the Economic Outlook Stemming from Overseas Instability
First written in FY2016-Q2. 10 of 18 entries say "Worsened", first in FY2020-Q1. Latest entry: 2026-08-21.
JAC Recruitment 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: 105 of 134 companies on the "Worse" side.
75 other companies' latest entry also says "Worsened".
- 2026-08-21WorsenedEarnings presentation materials
「Amid the impact of an uncertain business environment, including the outbreak of war in the Middle East」
The Company identifies the outbreak of war in the Middle East as a specific external factor contributing to uncertainty in overseas conditions and the global economy. - FY2026-H1WorsenedAnnual report
「Looking ahead, amid increasing instability, including renewed tensions in the Middle East, both large manufacturers and non-manufacturers continued to take a cautious view due to concerns about worsening personal consumption resulting from inflation and a severe labour shortage.」
In addition to the previously cited uncertainty over overseas conditions and the global economy, the Company cited renewed tensions in the Middle East, worsening personal consumption due to inflation and concerns about a severe labour shortage as external environmental risks. - FY2025Added uncertainty over US tariff policyAnnual report
「The Japanese economy was weak in the first half of the current consolidated fiscal year, particularly in export-related sectors, due to uncertainty over US tariff policy. Subsequently, the business conditions DI for large manufacturers in the Tankan survey improved for 3 consecutive periods from June.」
In addition to the previously cited uncertainty over the global economy and overseas conditions, the Company cited uncertainty over US tariff policy as an external environmental factor. - FY2024WorsenedAnnual report
「Although signs of contraction were evident in the European and Asian labour markets against a backdrop of uncertainty over the outlook for the global economy, demand for recruitment continued in Japan due to the declining working-age population.」
The Company stated that the European and Asian labour markets were showing signs of contraction against a backdrop of uncertainty over the outlook for the global economy. While risks were emerging by region, domestic recruitment demand continued. - FY2023-Q3RestatedAnnual report
「Meanwhile, uncertainty remained over the outlook for the global economy, including Europe, the United States and China, and business conditions continued to deteriorate in sectors such as production machinery, which were strongly affected by those economies.」
While the domestic economy was normalising and business conditions were improving, the Company continued to report uncertainty over the outlook for the global economy, including Europe, the United States and China, and deteriorating conditions in some sectors. - FY2023-Q2RestatedAnnual report
「Meanwhile, uncertainty over the outlook for overseas economies, particularly in Europe and the United States, remained, and business conditions deteriorated in sectors such as production machinery, which were strongly affected by those economies.」
While business conditions improved domestically, the Company continued to report uncertainty over the outlook for the European and US economies and deteriorating conditions in some industries. - FY2023-Q1WorsenedAnnual report
「The prolonged Russia-Ukraine situation, rising global prices and interest rates, and the resulting emergence of financial instability increased uncertainty over the outlook for the global economy, particularly in Europe and the United States. In the March Tankan survey, business conditions among large manufacturers deteriorated for the fifth consecutive period.」
The Company stated that, in addition to the Russia-Ukraine situation and rising prices and interest rates, financial instability had emerged, increasing uncertainty over the outlook for the global economy. - FY2022WorsenedAnnual report
「During the current consolidated fiscal year, the impact of COVID-19 diminished, but uncertainty over the outlook for the global economy, particularly in Europe and the United States, increased due to the prolonged Russia-Ukraine situation, global inflation and the resulting monetary tightening. In the December Tankan survey, business conditions among large enterprises deteriorated for the fourth consecutive period.」
While the impact of the pandemic diminished, the Russia-Ukraine situation, inflation and monetary tightening increased uncertainty over the outlook for the global economy, and business conditions among large enterprises deteriorated for the fourth consecutive period. - FY2022-Q3WorsenedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, the impact of COVID-19 was gradually diminishing, but uncertainty over the economic outlook increased due to the prolonged Russia-Ukraine situation, global inflation and the resulting monetary tightening, and the rapid depreciation of the yen. In the September Tankan survey, business conditions among large enterprises deteriorated for the third consecutive period.」
Although the impact of the pandemic was gradually diminishing, the prolonged Russia-Ukraine situation, inflation, monetary tightening and the rapid depreciation of the yen increased uncertainty over the economic outlook, the Company stated. - FY2022-Q2WorsenedAnnual report
「With no end to the COVID-19 pandemic in sight, uncertainty over the economic outlook increased as prolonged economic sanctions against Russia coincided with higher raw material prices resulting from the weaker yen. In the June Tankan survey, business conditions among large enterprises deteriorated for the second consecutive period.」
In addition to the lack of a confirmed end to the pandemic, prolonged economic sanctions against Russia, the weaker yen and higher raw material prices combined to increase uncertainty over the economic outlook. - FY2022-Q1WorsenedAnnual report
「Overseas, uncertainty over the economic outlook increased amid economic sanctions against Russia.」
The Company stated that uncertainty over the outlook for overseas economies had increased further against the backdrop of economic sanctions against Russia. - FY2020-Q1WorsenedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, sentiment in the Japanese economy deteriorated rapidly due to the impact of the COVID-19 pandemic, which was spreading rapidly worldwide.」
The Company stated that economic sentiment deteriorated rapidly as COVID-19 spread worldwide. - FY2019-Q1MaterialisedAnnual report
「Meanwhile, amid increasing instability in international conditions, some companies, particularly in manufacturing, began to suspend employee recruitment. Although this trend had not yet spread across all industries, the Company regarded the situation as one requiring caution, and it had some impact on contract-closing activities in the first quarter.」
The Company stated that companies had in fact suspended recruitment due to increasing instability in international conditions, which had some impact on contract-closing activities in the first quarter. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended [the current third quarter]. There have also been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The Company stated that there were no new business or other risks and no significant changes to previously disclosed risks. - FY2016-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, the Japanese economy showed signs of stagnation, partly due to the impact of the stronger yen and other factors.」
The Company referred to signs of economic stagnation due to the stronger yen and other factors, but stated that there were no new business or other risks and no significant changes to existing risks. - FY2016-Q2First statedAnnual report
「Although uncertainty over the economic outlook emerged, mainly due to unstable overseas conditions such as the UK referendum, in which the Leave camp won a majority,」
The Company cited the UK referendum and other events as sources of instability in overseas conditions and referred to uncertainty over the economic outlook.