Uncertainty over the domestic economic outlook due to trade issues
First written in FY2019-Q3. 10 of 17 entries say "Worsened", first in FY2022. Latest entry: 2026-08-07.
Morinaga Milk Industry moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 25 of 36 companies on the "Worse" side.
37 other companies' latest entry also says "Worsened".
- 2026-08-07WorsenedFinancial results briefing materials
「Impact of the situation in the Middle East: the initial plan incorporated a △¥4.0 billion impact through September. The impact of higher costs is also expected to continue from October onward.」
The plan incorporates a ¥4.0 billion impact from higher costs related to the situation in the Middle East through September, with the impact expected to continue from October onward. - FY2026WorsenedAnnual report
「The occurrence and prolongation of conflicts and confrontations between countries could increase uncertainty in the business environment and affect the Group's business activities.」
In addition to the previous geopolitical uncertainty, the impact of supply chain disruptions, logistics delays and surging raw material and energy prices due to protracted conflicts was explicitly identified. - FY2025-H1WorsenedAnnual report
「During the interim consolidated accounting period, various impacts on the international community and downside risks to the global economy arose from factors including protracted international conflicts, persistently high interest rates in Europe and the United States, and globally tighter monetary policy.」
In addition to the previous situation in Ukraine and tighter monetary policy, protracted international conflicts and persistently high interest rates in Europe and the United States have been cited as factors behind downside risks to the global economy. - FY2024-Q3WorsenedAnnual report
「During the nine months ended the third quarter, various impacts on the international community and downside risks to the global economy arose from factors including the prolonged situation in Ukraine, developments in the situation in the Middle East and globally tighter monetary policy.」
In addition to the previous situation in Ukraine and tighter monetary policy, developments in the situation in the Middle East were explicitly identified as factors behind downside risks to the international community and the global economy. - FY2024-Q1WorsenedAnnual report
「During the three months ended the first quarter, various impacts on the international community and downside risks to the global economy arose from factors including the prolonged situation in Ukraine and globally tighter monetary policy.」
The disclosure states that downside risks to the global economy due to the prolonged situation in Ukraine and globally tighter monetary policy have continued. - FY2023-Q2WorsenedAnnual report
「During the six months ended the second quarter, various impacts arose from diversified geopolitical risks, including the prolonged situation in Ukraine. In addition, the global economy faced downside risks due in part to the impact of globally tighter monetary policy.」
In addition to the prolonged situation in Ukraine, downside risks to the global economy due to globally tighter monetary policy were newly identified. - FY2023-Q1WorsenedAnnual report
「During the nine months ended the first quarter, various impacts arose from diversified geopolitical risks, including the prolonged situation in Ukraine and restrictions on economic activity in China as part of measures to control infectious diseases.」
In addition to the previous uncertainty caused by trade issues and other factors, diversified geopolitical risks, including the prolonged situation in Ukraine and restrictions on economic activity in China, were explicitly identified as factors affecting the actual business environment. - FY2022WorsenedAnnual report
「During the current period, various problems arose in countries around the world due to the renewed spread of COVID-19, including variant strains, and diversified geopolitical risks arising from factors such as the situation in Ukraine. These effects are expected to continue going forward.」
In addition to the previous uncertainty in overseas economies and financial markets, geopolitical risks including variant strains and the situation in Ukraine have been explicitly identified. - FY2021-Q3RestatedAnnual report
「During the third quarter cumulative consolidated period, there were no significant changes to, or newly emerging, risks that management recognizes could affect the group’s operating performance, financial position or other matters.」
It is stated that there have been no material changes or new occurrences relating to uncertainty over the outlook for the domestic economy, including trade issues. - FY2020RestatedAnnual report
「Rising uncertainty in domestic and overseas economies」
The disclosure of uncertainty in the domestic and overseas economies, including trade issues, has continued. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, Japan's economy continued to recover moderately as employment and income conditions improved, but uncertainty remained due to the effects of trade issues, uncertainty in overseas economies, volatility in financial and capital markets, and trends in consumer sentiment following the consumption tax rate increase.」
Uncertainty over the domestic economy due to trade issues, uncertainty in overseas economies and volatility in financial and capital markets has continued. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, Japan's economy continued to recover moderately as employment and income conditions improved, but uncertainty remained due to the effects of trade issues, uncertainty in overseas economies and volatility in financial and capital markets.」
The disclosure of uncertainty over the domestic economy due to trade issues, uncertainty in overseas economies and volatility in financial and capital markets has continued. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, Japan's economy continued to recover moderately as employment and income conditions improved, but uncertainty remained due to the effects of trade issues, uncertainty in overseas economies and volatility in financial and capital markets.」
The disclosure of uncertainty over the domestic economy due to trade issues, uncertainty in overseas economies and volatility in financial and capital markets has continued. - FY2019RestatedAnnual report
「Although Japan's economy during the current fiscal year has been recovering moderately amid continued improvements in employment and income conditions, uncertainty remained due to the impact of trade issues, uncertainty in overseas economies and volatility in financial and capital markets.」
The disclosure of uncertainty over the domestic economy due to trade issues, uncertainty in overseas economies and volatility in financial and capital markets has continued. - FY2019-Q3First statedAnnual report
「During the third quarter, the domestic economy recovered moderately overall, with personal consumption picking up and capital investment and production also increasing moderately, but uncertainty about the outlook continued due to the effects of trade issues, uncertainty in overseas economies and volatility in financial and capital markets.」
The impact of trade issues has been explicitly identified for the first time as a factor contributing to uncertainty over the outlook for the domestic economy.