Risk of Downward Pressure on the Economy from Weakness in Overseas Economies and Instability in Financial and Capital Markets
First written in FY2017-Q1. 21 of 33 entries say "Restated". Latest entry: 2026-08-07.
Megmilk Snow Brand moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 125 of 168 companies on the "Worse" side.
66 other companies' latest entry also says "Restated".
- 2026-08-07RestatedEarnings
「The impact of developments in the Middle East and fluctuations in the financial and capital markets also requires continued attention.」
The company identified the impact of developments in the Middle East and fluctuations in the financial and capital markets as matters requiring continued attention. - FY2026RestatedAnnual report
「Regarding the outlook for Japan’s economy, although the economy is on a moderate recovery trend, developments relating to the situation in the Middle East and U.S. trade policy must be closely monitored. Close attention must also be paid to the effects of financial and capital market volatility on Japan.」
The company continues to recognize uncertainty in the economic and business environment arising from the situation in the Middle East, U.S. trade policy and financial and capital market volatility. - FY2026-H1RestatedAnnual report
「Looking ahead, although a recovery is expected as employment and income conditions improve and various government policies take effect, attention must be paid to the risk that continued price increases could affect private consumption through weaker consumer sentiment and other factors, as well as to the risk of an economic downturn resulting from U.S. trade policy. Close attention must also continue to be paid to the effects of financial and capital market volatility.」
As before, the company recognizes downside risks to the economy and consumption arising from rising prices, U.S. trade policy and financial and capital market volatility. - FY2025WorsenedAnnual report
「Regarding the outlook for Japan’s economy, close attention must be paid to the effects on Japan of increased uncertainty in the global economy resulting from U.S. trade policy and financial and capital market volatility.」
In addition to the existing concerns over overseas economies and financial markets, the company explicitly identifies uncertainty in the global economy arising from U.S. trade policy as a new factor that could weigh on the economy. - FY2025-H1WorsenedAnnual report
「Looking ahead, there is a risk that a downturn in overseas economies, including the effects of uncertain overseas interest-rate trends, could weigh on Japan’s economy. Close attention must also be paid to the effects of rising prices, developments in the Middle East and financial and capital market volatility.」
In addition to the existing overseas economic, financial market and geopolitical risks, the company explicitly identifies the effects on Japan’s economy of uncertain overseas interest-rate trends and a downturn in overseas economies. - FY2024WorsenedAnnual report
「Looking ahead, as global monetary tightening and other factors continue, close attention must be paid to the effects of conflicts in Ukraine and the Middle East and financial and capital market volatility.」
In addition to the existing concerns over monetary tightening and financial market volatility, the company has added the conflict in the Middle East as a factor requiring attention going forward. - FY2024-Q3WorsenedAnnual report
「Looking ahead, as global monetary tightening and other factors continue, close attention must be paid to the effects of conflicts in Ukraine and the Middle East, financial and capital market volatility, and the Noto Peninsula Earthquake.」
In addition to the existing concerns over monetary tightening and financial and capital market volatility, the company newly identifies the conflict in the Middle East and the Noto Peninsula Earthquake as factors requiring attention going forward. - FY2024-Q2RestatedAnnual report
「During the first six months of the fiscal year under review, Japan’s economy continued to recover moderately as employment and income conditions improved, partly due to the effects of various government policies. Looking ahead, as global monetary tightening and other factors continue, close attention must be paid to the effects of rising prices and financial and capital market volatility.」
While recognizing improving employment and income conditions and a moderate economic recovery, the company continues to remain alert to global monetary tightening, rising prices and financial and capital market volatility. - FY2024-Q1RestatedAnnual report
「During the first quarter of the fiscal year under review, Japan’s economy continued to recover moderately as employment and income conditions improved. Looking ahead, as global monetary tightening and other factors continue, close attention must be paid to the effects of rising prices and financial and capital market volatility.」
While recognizing Japan’s moderate economic recovery, the company continues to identify forward-looking risks arising from global monetary tightening, rising prices and financial and capital market volatility. - FY2023WorsenedAnnual report
「Looking ahead, as global monetary tightening and other factors continue, close attention must be paid to the risk that a downturn in overseas economies could weigh on Japan’s economy, as well as the effects of rising prices and financial and capital market volatility.」
In addition to the existing uncertainties in overseas economies and financial and capital markets, the company explicitly identifies global monetary tightening, a downturn in overseas economies and rising prices. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended in the third quarter, personal consumption showed signs of a gradual recovery, but the outlook remained uncertain, partly due to the prolonged situation in Ukraine, surging global energy and other prices, and the impact of the weaker yen.」
We continue to recognize uncertainty in the economic and business environment arising from the situation in Ukraine, soaring energy prices and the weaker yen. - FY2023-Q2WorsenedAnnual report
「During the six-month period ended in the second quarter, personal consumption showed signs of a gradual recovery, but the outlook remained uncertain, partly due to the prolonged situation in Ukraine and the impact of the rapid depreciation of the yen.」
The company explicitly identifies the prolonged situation in Ukraine and the impact of the rapid depreciation of the yen as factors contributing to uncertainty about the outlook. - FY2023-Q1WorsenedAnnual report
「During the three-month period ended in the first quarter, Japan’s economy showed signs of recovery, but the outlook remained uncertain, partly due to the prolonged situation in Ukraine.」
In addition to the existing concerns about the pandemic, overseas economies, trade issues, and financial and capital markets, the company explicitly identifies the prolonged situation in Ukraine as a factor contributing to uncertainty about the outlook. - FY2022-Q3WorsenedAnnual report
「However, the recent emergence of a highly transmissible variant has triggered a renewed increase in infections, and the outlook remains uncertain.」
While the rising vaccination rate was supporting a normalization of economic activity, the company explicitly identifies the renewed spread of infections caused by highly transmissible variants as a new factor worsening the economic and business environment. - FY2021RestatedAnnual report
「It is extremely difficult to predict when the pandemic will end, and the uncertain situation is expected to continue.」
The company continues to describe uncertainty surrounding the economic and demand environment due to COVID-19 and uncertainty about the outlook for a recovery in food-service demand. - FY2021-Q3RestatedAnnual report
「During the nine-month period ended in the third quarter, Japan’s economy remained difficult due to the impact of COVID-19. Although some signs of recovery had emerged as efforts were made to balance preventing the spread of infections with social and economic activity, the outlook is expected to remain difficult to view optimistically, and the spread of infections in Japan and overseas and economic trends must be closely monitored.」
The company continues to note both the difficult economic environment caused by COVID-19 and some signs of recovery, while maintaining its vigilance regarding the spread of infections in Japan and overseas and economic trends. - FY2021-Q2RestatedAnnual report
「During the six-month period ended in the second quarter, Japan’s economy remained difficult due to the impact of COVID-19, but some signs of recovery emerged as efforts were made to balance preventing the spread of infections with social and economic activity. The outlook is expected to remain difficult to view optimistically, and the spread of infections in Japan and overseas and economic trends must be closely monitored.」
The company continues to note both the difficult economic environment caused by COVID-19 and some signs of recovery, while maintaining its vigilance regarding the spread of infections in Japan and overseas and economic trends. - FY2021-Q1RestatedAnnual report
「Looking ahead, a recovery from the extremely difficult conditions is expected as efforts are made to balance COVID-19 prevention with social and economic activity, but the impact of infection trends in Japan and overseas and fluctuations in financial and capital markets must be closely monitored.」
The company continues to identify COVID-19 infection trends and fluctuations in financial and capital markets as concerns regarding the future economic and business environment. - FY2020WorsenedAnnual report
「Japan’s economy continued to recover moderately during the fiscal year, but has recently been sharply weakened by the impact of COVID-19 and is in a difficult situation.」
In addition to the existing uncertainty surrounding overseas economies, trade issues, and financial and capital markets, the company explicitly identifies the economic downturn caused by COVID-19. - FY2020-Q3RestatedAnnual report
「Although a continued moderate recovery is expected, domestically there are concerns about exports and production due to uncertainty in overseas economies, while overseas there are concerns about developments surrounding trade issues, trends in overseas economies including the outlook for the Chinese economy, and the impact of fluctuations in financial and capital markets.」
The company continues to describe concerns about weakness in exports and production, trade issues, the outlook for the Chinese economy, overseas economies, and financial and capital markets. - FY2020-Q2RestatedAnnual report
「Although a continued moderate recovery is expected, domestically there are concerns about exports and production due to uncertainty in overseas economies, while overseas there are concerns about tensions surrounding trade issues, trends in overseas economies including the outlook for the Chinese economy, and the impact of fluctuations in financial and capital markets.」
The company continues to describe concerns about weakness in exports and production, trade issues, the outlook for the Chinese economy, overseas economies, and financial and capital markets. - FY2020-Q1WorsenedAnnual report
「During the three-month period ended in the first quarter, Japan’s economy was recovering moderately, although weakness was evident, particularly in exports. Although a continued moderate recovery is expected, domestically there are concerns about exports and production due to uncertainty in overseas economies, while overseas there are concerns about the impact of developments in trade issues on the global economy, the outlook for the Chinese economy, and fluctuations in financial and capital markets.」
In addition to the existing concerns about overseas economies, trade issues, and financial and capital markets, the company explicitly identifies concerns about weakness in exports and production and the outlook for the Chinese economy. - FY2019RestatedAnnual report
「Although a continued recovery is expected, attention must be paid to the impact of developments in trade issues on the global economy, uncertainty in overseas economies, and the effects of fluctuations in financial and capital markets.」
While indicating expectations for a recovery in the domestic economy, the company continues to express concern about uncertainty surrounding trade issues, overseas economies, and financial and capital markets. - FY2019-Q3RestatedAnnual report
「During the nine-month period ended in the third quarter, Japan’s economy was recovering moderately, and that recovery is expected to continue, but there are concerns about the impact of trade issues, uncertainty in overseas economies, and fluctuations in financial and capital markets.」
While recognizing a moderate recovery in the domestic economy, the company continues to express concern about trade issues, uncertainty in overseas economies, and fluctuations in financial and capital markets. - FY2019-Q2WorsenedAnnual report
「During the six-month period ended in the second quarter, Japan’s economy was recovering moderately, and that recovery is expected to continue, but there are concerns about the impact of trade issues, uncertainty in overseas economies, fluctuations in financial and capital markets, and the economic impact of successive natural disasters in Japan.」
In addition to the existing concerns about trade issues, overseas economies, and financial and capital markets, the company newly identifies concerns about the economic impact of successive natural disasters in Japan. - FY2019-Q1RestatedAnnual report
「During the three-month period ended in the first quarter, Japan’s economy was recovering moderately, and that recovery is expected to continue, but there are concerns about the impact of developments in trade issues on the global economy, uncertainty in overseas economies, and instability centered on financial and capital markets.」
While recognizing a moderate recovery in the domestic economy, the company also identifies the impact of trade issues on the global economy as a concern, in addition to the previously cited uncertainty in overseas economies and financial and capital markets. - FY2018-Q3RestatedAnnual report
「During the nine-month period ended in the third quarter, Japan’s economy was recovering moderately, and that recovery is expected to continue, but there are concerns about uncertainty in overseas economies and instability centered on financial and capital markets.」
While recognizing a moderate recovery in the domestic economy, the company continues to express concern about uncertainty in overseas economies and instability in financial and capital markets. - FY2018-Q2RestatedAnnual report
「During the six-month period ended in the second quarter, Japan’s economy continued to recover moderately, but the outlook remained uncertain amid uncertainty in overseas economies and concerns about instability centered on financial and capital markets.」
The company continues to describe an uncertain outlook against a backdrop of uncertainty in overseas economies and instability in financial and capital markets. - FY2018-Q1RestatedAnnual report
「During the three-month period ended in the first quarter, Japan’s economy continued to recover moderately, but the outlook remained uncertain amid uncertainty in overseas economies and concerns about instability centered on financial and capital markets.」
The company continues to describe an uncertain outlook against a backdrop of uncertainty in overseas economies and instability in financial and capital markets. - FY2017RestatedAnnual report
「In addition to uncertainty in overseas economies and instability centered on the financial and capital markets, there are concerns over significant exchange-rate fluctuations, and conditions are expected to remain uncertain.」
The company continues to identify uncertainty surrounding the economic and business environment resulting from instability in overseas economies, financial and capital markets, and foreign exchange markets. - FY2017-Q3RestatedAnnual report
「During the nine-month period ended in the third quarter, Japan’s economy continued to recover moderately, but the outlook remained uncertain amid uncertainty in overseas economies, instability centered on financial and capital markets, and concerns about substantial fluctuations in foreign exchange rates.」
The company continues to describe uncertainty surrounding the economic and business environment against a backdrop of uncertainty in overseas economies, instability in financial and capital markets, and exchange-rate fluctuations. - FY2017-Q2RestatedAnnual report
「With weakness evident in overseas economies, instability centered on the financial and capital markets, and concerns over significant exchange-rate fluctuations, there is a risk that economic activity will be pressured, and conditions are expected to remain uncertain.」
The company continues to use the same wording to describe downside risks to the economy stemming from weakness in overseas economies, instability in financial and capital markets, and exchange-rate fluctuations. - FY2017-Q1First statedAnnual report
「With weakness evident in overseas economies, instability centered on the financial and capital markets, and concerns over significant exchange-rate fluctuations, there is a risk that economic activity will be pressured, and conditions are expected to remain uncertain.」
The company newly identifies downside risks to the economy against a backdrop of instability in overseas economies, financial and capital markets, and foreign exchange markets.