Uncertainty over Asian Economic Conditions, Financial Markets and Policy Developments
First written in FY2017-Q3. 6 of 12 entries say "Restated". Latest entry: 2026-05-14.
Seigakusha moved to the "Worse" side of this theme in 2020, 2 years after the typical company in this theme (2018).
The whole theme swung hardest in 2022: 19 of 22 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- 2026-05-14RestatedEarnings
「次期については、地政学リスクや物価上昇、金融資本市場の変動等のマクロ要因に加え、入試制度の多様化等による入退塾動向の変化等、引き続き厳しい経営環境が続くものと予想されます。」
地政学リスク、物価上昇、金融資本市場の変動などの外部環境要因を引き続き記載している。 - FY2024WorsenedAnnual report
「During the current consolidated fiscal year, Japan’s economy was on a recovery trend as the easing of restrictions on activities related to COVID-19 increased personal consumption and inbound demand, but the outlook remained uncertain due to geopolitical risks including the situation in Ukraine and the China-Taiwan issue, rising prices and volatility in the financial and capital markets.」
While the impact of the pandemic eased and the economy showed signs of recovery, rising prices and volatility in the financial and capital markets added to geopolitical risks, expanding sources of uncertainty in the external environment. - FY2023WorsenedAnnual report
「Although Japan's economy during the consolidated fiscal year showed a gradual recovery as restrictions on activities related to COVID-19 were eased in stages, the outlook remained uncertain due to geopolitical risks, including the situation in Ukraine and issues involving China and Taiwan, as well as a sharp rise in prices.」
In addition to the easing impact of the pandemic, the situation in Ukraine, the China-Taiwan issue and rapidly rising prices were cited as new sources of uncertainty, expanding risks in the external environment. - FY2021WorsenedAnnual report
「Japan's economy during the consolidated fiscal year remained uncertain, as the effects of the spread of COVID-19 continued for an extended period.」
In addition to the existing economic uncertainty, the prolonged impact of COVID-19 caused concerns about the economic environment to persist and intensify. - FY2020WorsenedAnnual report
「Changes in consumer sentiment due to the consumption tax increase and the global spread of COVID-19 made the outlook for the economy extremely uncertain.」
In addition to the existing uncertainty, the consumption tax increase and the global spread of COVID-19 heightened uncertainty over the economic outlook. - FY2019RestatedAnnual report
「During the current consolidated fiscal year, Japan’s economy began to show signs of improvement in sentiment, supported by improvements in corporate earnings and the employment environment, but the outlook remained uncertain due to concerns over the global economy and trade friction.」
While corporate earnings and the employment environment improved, economic uncertainty due to concerns over the global economy and trade friction persisted. - FY2018RestatedAnnual report
「During the current consolidated fiscal year, Japan’s economy began to show signs of improvement in sentiment, supported by the government’s economic measures and improvements in the employment environment, but the outlook remained uncertain due to heightened geopolitical risks and uncertainty surrounding policy developments in Europe and the United States.」
While economic sentiment and the employment environment improved, economic uncertainty due to geopolitical risks and uncertainty surrounding policy developments in Europe and the United States persisted. - FY2018-Q3RestatedAnnual report
「During the nine-month period ended 31 December of the current fiscal year, Japan’s economy showed improvement in corporate performance and the employment and income environment, but the outlook remained uncertain due to the impact of policy developments under the US administration and heightened geopolitical risks in various countries.」
While corporate performance and the employment and income environment improved, economic uncertainty due to policy developments under the US administration and geopolitical risks persisted. - FY2018-Q2WorsenedAnnual report
「Japan's economy during the six-month period ended in the second quarter of the current consolidated fiscal year showed improving corporate earnings against a backdrop of a solid global economy and accommodative monetary policy, but remained uncertain due to concerns including heightened geopolitical risks and sluggish growth in personal consumption.」
The disclosure identified improving corporate earnings as a positive factor, while citing heightened geopolitical risks and sluggish personal consumption as new causes for concern, and indicated that the outlook remained uncertain. - FY2018-Q1RestatedAnnual report
「Under its business domain of being an education company focused on education and childcare for everyone from infants to working adults, the Group is developing operations to meet a broad range of education and childcare needs. In addition to its existing core brands, 開成教育セミナー and 個別指導学院フリーステップ, it is expanding into the childcare field, including かいせい保育園 and かいせいプチ保育園, and has opened 開成アカデミー日本語学校 for foreign students.」
An uncertain economic environment continued, as consumer spending failed to improve due to individuals' preference for saving and the economy did not achieve a full-scale recovery. - FY2017RestatedAnnual report
「Although signs of improving sentiment in Japan's economy during the consolidated fiscal year emerged as a result of the government's economic measures and improvements in the employment environment, the outlook remained uncertain due to stagnation in emerging Asian and resource-producing economies, developments in the US economy and the UK's withdrawal from the EU, among other factors.」
The disclosure continues to describe an uncertain economic outlook due to stagnation in emerging Asian and resource-producing economies, the US economy and the UK's withdrawal from the EU, among other factors. - FY2017-Q3First statedAnnual report
「Under its business domain of being an education company focused on education and childcare for everyone from infants to working adults, the Group has expanded its operations to a broader range of age groups. In addition to its core brands, 開成教育セミナー and 個別指導学院フリーステップ, it has also launched full-scale operations in the childcare field, including かいせい保育園 and かいせいプチ保育園.」
The description of the economic environment states that the outlook remains uncertain due to slower growth in emerging Asian economies, including China, instability in financial markets following the UK's withdrawal from the EU and the US presidential election, and concerns over policy trends.