Uncertainty over the outlook due to falling resource prices and a slowdown in emerging-market economies
First written in FY2016-Q3. 19 of 26 entries say "Worsened", first in FY2019-Q3. Latest entry: 2026-09-14.
Planet moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 158 of 184 companies on the "Worse" side.
56 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「At the same time, developments in US trade policy have created uncertainty for domestic production, while the outlook remains difficult to predict amid cooling consumer sentiment resulting from continued inflation and fluctuations in financial and capital markets.」
The disclosure continues to identify US trade policy, inflation, cooling consumer sentiment and fluctuations in financial and capital markets as factors contributing to an uncertain outlook. - FY2025WorsenedAnnual report
「Conditions remained uncertain, due to concerns about the impact of developments in US trade policy on economic activity, a downturn in the global economy resulting from the expansion of geopolitical risks, and continued high domestic inflation.」
The disclosure specifies US trade policy, the expansion of geopolitical risks, a downturn in the global economy and high domestic inflation as factors contributing to an uncertain outlook. - FY2025-H1WorsenedAnnual report
「During the interim accounting period under review, Japan's economy showed signs of recovery in capital investment and personal consumption. At the same time, concerns included a downturn in the global economy resulting from the expansion of geopolitical risks, high domestic inflation and the impact on economic activity of sharp exchange-rate fluctuations, and conditions remained uncertain.」
While recognizing an economic recovery, the disclosure specifies the expansion of geopolitical risks, a downturn in the global economy, high domestic inflation and sharp exchange-rate fluctuations as factors contributing to an uncertain outlook. Compared with the uncertainty in the previous period, the factors of concern have continued and become more specific. - FY2024WorsenedAnnual report
「At the same time, concerns included soaring resource prices and rising inflation resulting from the weaker yen, as well as increasing geopolitical risks, and conditions remained uncertain.」
The disclosure specifies the weaker yen, higher resource prices, rising inflation and geopolitical risks as factors contributing to an uncertain outlook. - FY2024-Q3WorsenedAnnual report
「At the same time, concerns included the impact on economic activity of global monetary tightening, accelerating inflation and rising geopolitical risks, and the uncertain outlook continued.」
The disclosure specifies global monetary tightening, rising inflation and increasing geopolitical risks as factors contributing to an uncertain outlook. - FY2024-Q2ReframedAnnual report
「During the cumulative second-quarter period under review, Japan's economy remained on a gradual recovery path as socioeconomic activity normalized further following the reclassification of COVID-19 as a Category V disease. At the same time, concerns included the impact on economic activity of global monetary tightening, soaring resource prices and accelerating inflation, and the outlook remained uncertain.」
While recognizing the normalization of socioeconomic activity following the change in the disease classification, the disclosure identifies global monetary tightening, higher resource prices and rising inflation as factors contributing to an uncertain outlook. - FY2024-Q1WorsenedAnnual report
「During the cumulative first-quarter period under review, Japan's economy remained on a gradual recovery path as socioeconomic activity normalized on the premise of coexistence with COVID-19. At the same time, concerns included the impact on economic activity of soaring resource prices, accelerating inflation, developments in the Middle East and fluctuations in financial and capital markets, and the outlook remained uncertain.」
While recognizing the normalization of socioeconomic activity and a gradual recovery, the disclosure specifies developments in the Middle East and fluctuations in financial and capital markets, in addition to higher resource prices and rising inflation, as factors contributing to an uncertain outlook. - FY2023WorsenedAnnual report
「During the fiscal year under review, Japan's economy showed signs of recovery in socioeconomic activity as restrictions related to COVID-19 were eased and the disease was reclassified under the Infectious Diseases Control Law as a Category V infectious disease. The economy therefore remained on a gradual recovery path. At the same time, concerns included soaring resource prices, accelerating inflation, exchange-rate fluctuations and geopolitical risks, and the outlook remained uncertain.」
While recognizing the recovery in socioeconomic activity, the disclosure adds and specifies higher resource prices, rising inflation, exchange-rate fluctuations and geopolitical risks as factors contributing to an uncertain outlook. - FY2023-Q3WorsenedAnnual report
「During the nine-month period ended in the current third quarter, economic activity in Japan moved toward normalization as restrictions associated with the spread of COVID-19 were eased, and the economy showed signs of a gradual recovery. However, the outlook remained uncertain due to risks that soaring resource prices, higher prices and a downturn in overseas economies resulting from global monetary tightening could weigh on the domestic economy.」
While recognizing an economic recovery following the easing of activity restrictions, the disclosure newly specifies higher resource prices, rising inflation, global monetary tightening and downside risks to overseas economies. - FY2023-Q1WorsenedAnnual report
「During the three-month period ended in the current first quarter, although Japan's economy was expected to gradually recover as restrictions on activities were eased and economic and social activity normalized due to progress with various infection-control measures and vaccinations, the outlook remained extremely uncertain because of the prolonged situation in Ukraine, the spread of infections from variants and rising prices.」
The company newly specifies the prolonged situation in Ukraine, the spread of infections from variants and rising prices as factors contributing to uncertainty over the outlook, while also noting expectations of a recovery due to vaccinations and the easing of restrictions on activities. - FY2022-Q3WorsenedAnnual report
「During the nine-month period ended in the current third quarter, the Japanese economy showed some signs of recovery in areas including corporate earnings and personal consumption, but the outlook remained extremely uncertain due to the resurgence of infections from COVID-19 variants, escalating tensions surrounding Ukraine and soaring resource prices.」
The company newly specifies the resurgence of infections from variants, escalating tensions surrounding Ukraine and soaring resource prices as factors contributing to uncertainty over the outlook. - FY2022-Q2WorsenedAnnual report
「During the six-month period ended in the current second quarter, the Japanese economy showed some signs of recovery, particularly in personal consumption, following progress with COVID-19 vaccinations. However, infections spread again due to new variants, and the outlook remained extremely uncertain because the timing of containment remained unclear.」
While recognizing some recovery due to vaccinations, the company describes an extremely uncertain situation in which infections from new variants had in fact resurged and the timing of containment remained unclear. - FY2022-Q1RestatedAnnual report
「Although the economy is expected to recover as the effects of various policies and improvements in overseas economies become apparent, including the promotion of vaccinations domestically, the outlook remains extremely uncertain because risks from a resurgence of infections and volatility in financial and capital markets continue.」
The company continues to indicate concerns over a resurgence of infections and risks from volatility in financial and capital markets, while maintaining its view that the outlook is extremely uncertain. - FY2021WorsenedAnnual report
「During the current fiscal year, the Japanese economy remained in a difficult situation due to COVID-19. Although a recovery was expected as vaccinations accelerated domestically, the outlook remained extremely uncertain, as infections with highly transmissible variants spread and the timing of containment remained unclear.」
The company describes the spread of highly transmissible variants and the lack of visibility on when the pandemic will be contained, in addition to COVID-19. - FY2021-Q3RestatedAnnual report
「During the nine-month period ended in the current third quarter, the Japanese economy remained in a difficult situation due to COVID-19. Although signs of recovery emerged as the effects of various policies took hold and stagnant economic activity gradually resumed amid measures to prevent the spread of infection, infections spread again and the timing of containment remained unclear, leaving the outlook extremely uncertain.」
The company continues to describe extremely high uncertainty over the outlook, including the resurgence of COVID-19 infections and the lack of visibility on when the pandemic will be contained. - FY2021-Q2WorsenedAnnual report
「During the six-month period ended in the current second quarter, the Japanese economy remained in a difficult situation due to the spread of COVID-19. Although various government policies produced some signs of recovery, the outlook remained extremely uncertain, as infections spread again and the timing of containment remained unclear.」
Following the concerns over a resurgence of infections noted in the previous quarter, the company states that infections spread again and that the timing of containment remained unclear. - FY2021-Q1WorsenedAnnual report
「During the three-month period ended in the current first quarter, the Japanese economy remained in a difficult situation due to the spread of COVID-19. Although government-led economic policies showed some signs of restoring personal consumption, the outlook remained extremely uncertain due to concerns about a resurgence of infections and other factors.」
Against the backdrop of the spread of COVID-19 and concerns over a resurgence of infections, the company describes the Japanese economy as remaining in a difficult situation, with extremely high uncertainty over the outlook. - FY2020-Q3WorsenedAnnual report
「During the nine-month period ended in the current third quarter, the Japanese economy remained on a gradual recovery path, but amid unstable overseas conditions, including US-China trade issues, and the global spread of COVID-19, corporate sentiment increasingly weakened due to rising downside risks to the economy, and uncertainty over the outlook continued.」
In addition to overseas conditions and US-China trade issues, the company explicitly identifies the global spread of COVID-19 as a factor contributing to downside risks to the economy, and describes the continuing deterioration in corporate sentiment and uncertainty over the outlook. - FY2020-Q2WorsenedAnnual report
「Meanwhile, uncertainty over the outlook increased due to the prolonged US-China trade friction, slower economic growth in China and Europe, and the spread of COVID-19 infections.」
In addition to US-China trade friction and slower economic growth in China and Europe, the company adds the spread of COVID-19 infections as a factor contributing to uncertainty over the outlook. - FY2020-Q1WorsenedAnnual report
「Meanwhile, uncertainty over the outlook increased due to concerns about downside risks arising from global economic uncertainty, including intensifying trade friction between the US and China and elsewhere, and uncertainty over the UK's withdrawal from the EU.」
The company adds intensifying trade friction, particularly between the US and China, and uncertainty over the UK's withdrawal from the EU as specific factors contributing to uncertainty in overseas economies, and indicates concerns over downside risks. - FY2019WorsenedAnnual report
「Amid growing concerns over a slowdown in the global economy, including the intensification of US-China trade friction, uncertainty over the outlook continued to increase.」
In addition to the previous reference to growing uncertainty in overseas economies, the company identifies intensifying US-China trade friction and concerns over a global economic slowdown as specific factors. - FY2019-Q3WorsenedAnnual report
「During the nine-month period ended in the current third quarter, the Japanese economy remained on a gradual recovery path, supported by improvements in employment and income conditions and increased capital investment, despite growing uncertainty over the outlook for overseas economies.」
The company states that uncertainty over the outlook for overseas economies has increased, while the domestic economy remained on a gradual recovery path due to improvements in employment and income conditions and other factors. - FY2016ReframedAnnual report
「Although the so-called daigō buying boom showed signs of easing in the second half of the fiscal year due to the slowdown in the Chinese economy and currency fluctuations, demand for household goods, cosmetics and OTC medicines remained strong.」
The explanation of factors contributing to uncertainty over the outlook has become more specific, citing the slowdown in the Chinese economy, currency fluctuations and the resulting easing of the daigō buying boom, rather than resource prices in general. - FY2016-Q3First statedAnnual report
「Uncertainty over the outlook continued due to factors including falling international resource prices and slower economic growth in emerging economies, led by China.」
The company identifies falling international resource prices and slower economic growth in emerging economies, including China, as factors contributing to uncertainty in the business environment.