Global Economic Uncertainty and an Unclear Economic Outlook
First written in FY2016-Q3. 17 of 33 entries say "Restated". Latest entry: FY2026-H1.
Tear moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 132 of 174 companies on the "Worse" side.
26 other companies' latest entry also says "Other".
- FY2026-H1Uncertainty factors updatedAnnual report
「Looking ahead, the economy is expected to continue recovering gradually, supported by the government's economic measures and accommodative financial conditions. However, uncertainty remains regarding the outlook, including developments in international financial markets resulting from heightened tensions in the Middle East and rising resource prices.」
While a moderate economic recovery is expected, developments in international financial markets resulting from heightened tensions in the Middle East and rising resource prices were disclosed as new uncertainty factors. - 2026-05-14OtherResults
「Looking ahead, the economy is expected to continue recovering gradually, supported by the government's economic measures and accommodative financial conditions. However, uncertainty remains regarding the outlook, including developments in international financial markets resulting from heightened tensions in the Middle East and rising resource prices.」
The outlook for a gradual economic recovery was maintained, while the sources of uncertainty were updated to include the situation in the Middle East, international financial markets and resource prices. - FY2025-H1Uncertainty factors updatedAnnual report
「In addition, although the economy is expected to continue recovering moderately, supported by accommodative financial conditions, improvements in income conditions, and resilient overseas economies, considerable uncertainty remains regarding the outlook, including the trade policies of various countries and their future course, as well as corporate wage- and price-setting behavior.」
While a moderate economic recovery is expected, the trade policies of various countries and their future course, as well as corporate wage- and price-setting behavior, were updated as uncertainty factors. - FY2024Uncertainty factors updatedAnnual report
「In addition, although the economy is expected to continue recovering moderately, supported by improvements in income conditions, the government's emergency support measures, increased capital investment related to digitalization and environmental initiatives, and other factors, considerable uncertainty remains regarding the outlook, including developments in the US economy and their impact on financial and foreign exchange markets, as well as changes in corporate wage increases and price-setting behavior.」
While an economic recovery is expected, the US economy, financial and foreign exchange markets, and corporate wage increases and price-setting behavior were disclosed as new uncertainty factors. - FY2024-Q2Uncertainty factors updatedAnnual report
「In addition, although the economy is expected to continue recovering moderately, supported by improvements in employment and income conditions, the government's economic measures, increased capital investment related to digitalization and environmental initiatives, and other factors, considerable uncertainty remains regarding the outlook, including overseas economic and price conditions, developments in international financial and capital markets, and weakening consumer demand due to higher prices.」
While an economic recovery is expected, overseas economic and price conditions, international financial and capital markets, and weakening consumer demand due to higher prices were disclosed as uncertainty factors regarding the outlook. - FY2024-Q1Uncertainty factors updatedAnnual report
「In addition, although the economy is expected to continue recovering moderately, supported by accommodative financial conditions, the effects of economic measures, growth expectations, increased capital investment resulting from digitalization and environmental initiatives, and other factors, considerable uncertainty remains regarding the outlook, including developments in overseas economies, prices, and resource prices, as well as corporate wage- and price-setting behavior.」
While an economic recovery is expected, overseas economic, price, and resource-price developments, as well as corporate wage- and price-setting behavior, were disclosed as uncertainty factors regarding the outlook. - FY2023-Q3Uncertainty factors updatedAnnual report
「During the third quarter of the current consolidated cumulative period, Japan's economy recovered, although the impact of a slowdown in overseas economies was evident, supported by improvements in employment and income conditions, the normalization of face-to-face services consumption, and other factors. In addition, although the economy is expected to continue recovering moderately, supported by inbound demand, increased corporate capital investment, and other factors, considerable uncertainty remains regarding the outlook, including overseas economic and price conditions and developments in international financial and capital markets.」
While a slowdown in overseas economies, the normalization of face-to-face services consumption, inbound demand, and corporate capital investment were disclosed as factors supporting the economic recovery, overseas economic and price conditions and developments in international financial and capital markets were updated as uncertainty factors regarding the outlook. - FY2023-Q2Uncertainty factors updatedAnnual report
「In addition, although the economy is expected to continue recovering, supported by inbound demand, the government's economic measures, and other factors, considerable uncertainty remains regarding the outlook, including overseas economic and price conditions and developments in international financial and capital markets.」
While an economic recovery is expected, the existing overseas economic factors were updated to overseas economic and price conditions and developments in international financial and capital markets. - FY2023-Q1Uncertainty factors updatedAnnual report
「During the first quarter of the current consolidated cumulative period, Japan's economy recovered, despite rising resource and imported-goods prices caused by developments in international affairs and fluctuations in foreign exchange markets, supported by increased exports, a recovery in services demand, and other factors. In addition, although the economy is expected to recover moderately, supported by increased personal consumption and easing supply constraints, considerable uncertainty remains regarding the outlook, including a resurgence of infections caused by variant strains and economic and price developments overseas.」
In addition to international affairs and financial and foreign exchange markets, resource and imported-goods prices, a resurgence of infections caused by variant strains, and overseas economic and price developments were disclosed as uncertainty factors regarding the outlook. - FY2022-Q3WorsenedAnnual report
「Meanwhile, considerable uncertainty remains regarding the outlook, including the impact of the resurgence of infections on domestic and overseas economies, the course of international affairs, and developments in financial and foreign exchange markets.」
In addition to the existing risks related to the pandemic, international affairs, and resource prices, the resurgence of infections and developments in financial and foreign exchange markets were disclosed as uncertainty factors. - FY2022-Q2RestatedAnnual report
「In addition, considerable uncertainty remains regarding the outlook, including constraints on parts supplies associated with the resurgence of infections, a decline in face-to-face services consumption, and the course of international affairs and its impact on resource prices.」
Continued disclosure of the pandemic, supply constraints, face-to-face services consumption, international affairs, and their impact on resource prices as uncertainty factors. - FY2022-Q1WorsenedAnnual report
「In addition, while concerns about the pandemic persist, considerable uncertainty remains regarding the outlook, including the possibility that the spread of variant strains could cause a decline in services consumption and that supply constraints could expand and persist for longer.」
In addition to the existing uncertainty arising from COVID-19, the decline in services consumption caused by variant strains and the possibility that supply constraints could expand and persist for longer were expressly stated. - FY2021-Q3RestatedAnnual report
「In addition, considerable uncertainty surrounds the course of the COVID-19 pandemic, the scale and duration of its impact on domestic and overseas economies, and the pace of vaccine rollout, and considerable uncertainty remains regarding the outlook.」
Continued disclosure of uncertainty regarding the outlook, including COVID-19, its impact on domestic and overseas economies, and the pace of vaccine rollout. - FY2021-Q2RestatedAnnual report
「In addition, considerable uncertainty surrounds the course of the COVID-19 pandemic, the scale and duration of its impact on domestic and overseas economies, and the pace of vaccine rollout, and considerable uncertainty remains regarding the outlook.」
The pace of vaccine rollout was added as an uncertainty factor alongside COVID-19, and uncertainty regarding the outlook for domestic and overseas economies was continued. - FY2021-Q1WorsenedAnnual report
「In addition, amid the resurgence of COVID-19 infections and the possible reissuance of a state of emergency declaration, considerable uncertainty surrounds the course of the pandemic and the scale and duration of its impact on domestic and overseas economies, and considerable uncertainty remains regarding the outlook.」
The resurgence of COVID-19 infections and the reissuance of a state of emergency declaration were disclosed as new uncertainty factors. - FY2020RestatedAnnual report
「Considerable uncertainty surrounds the course of the COVID-19 pandemic and the scale and duration of its impact on domestic and overseas economies, and considerable uncertainty remains regarding the outlook.」
Continued disclosure of uncertainty regarding the outlook for the global, domestic, and overseas economies as a particularly significant risk. - FY2020-Q3WorsenedAnnual report
「In addition, considerable uncertainty surrounds the course of the COVID-19 pandemic and the scale and duration of its impact on domestic and overseas economies, and considerable uncertainty remains regarding the outlook.」
It was stated that the spread of COVID-19 caused a significant decline in domestic and external demand, increasing uncertainty regarding the scale and duration of its impact on the economy. The actual impact of the risk is also recorded in the COVID-19-related thread. - FY2020-Q2WorsenedAnnual report
「In addition, since February, the spread of COVID-19 has created concerns that could lead to a slowdown in the global economy, and considerable uncertainty remains regarding the outlook.」
In addition to the existing uncertainty regarding the outlook arising from overseas economies and other factors, concerns about a global economic slowdown resulting from the spread of COVID-19 were added. This was not quantified or treated as a materialized risk. - FY2020-Q1RestatedAnnual report
「In addition, although the expansionary trend in economic conditions is expected to continue, supported by increased exports resulting from higher growth in overseas economies, government spending associated with the Olympic Games, and other factors, considerable uncertainty remains regarding the outlook, including developments in emerging-market and resource-rich economies, the political situation in Europe, and the impact of the consumption tax rate increase.」
While an expansionary trend in economic conditions is expected, continued disclosure of uncertainty factors including emerging-market and resource-rich economies, the political situation in Europe, and the impact of the consumption tax rate increase. - FY2019WorsenedAnnual report
「In addition, although the expansionary trend in economic conditions is expected to continue, supported by increased exports resulting from higher growth in overseas economies, government spending associated with the Olympic Games, and other factors, considerable uncertainty remains regarding the outlook, including trade friction between the US and China, the political situation in Europe, and the impact of the consumption tax rate increase.」
In addition to the existing risks of trade friction between the US and China and the situation in Europe, the impact of the consumption tax rate increase was added as an uncertainty factor. - FY2019-Q3RestatedAnnual report
「In addition, although the expansionary trend in economic conditions is expected to continue, supported by increased personal consumption resulting from improvements in employment and income conditions, considerable uncertainty remains regarding the outlook, including trade friction between the US and China and the political situation in Europe.」
While an expansionary trend in economic conditions is expected, continued disclosure of uncertainty regarding the outlook arising from trade friction between the US and China, the political situation in Europe, and other factors. - FY2019-Q2RestatedAnnual report
「In addition, although the expansionary trend in economic conditions is expected to continue, supported by increased exports against a backdrop of steady growth in overseas economies and other factors, considerable uncertainty remains regarding the outlook, including trade friction between the US and China and the political situation in Europe.」
While an expansionary trend in economic conditions is expected, continued disclosure of uncertainty regarding the outlook arising from trade friction between the US and China, the political situation in Europe, and other factors. - FY2019-Q1RestatedAnnual report
「In addition, although the expansionary trend in economic conditions is expected to continue, supported by increased exports against a backdrop of steady growth in overseas economies and other factors, considerable uncertainty remains regarding the outlook, including trade friction between the US and China and its impact on overseas economies.」
While an expansionary trend in economic conditions is expected, continued disclosure of uncertainty regarding the outlook arising from trade friction between the US and China and its impact on overseas economies. - FY2018RestatedAnnual report
「Economic conditions entered a moderate expansionary phase, supported by increased capital investment resulting from improved corporate earnings and business sentiment, as well as increased exports against a backdrop of steady growth in overseas economies. In addition, although economic conditions are expected to continue expanding moderately, supported by increased personal consumption resulting from improvements in employment and income conditions and other factors, considerable uncertainty remains regarding the outlook, including US trade policy and its impact on overseas economies.」
While moderate economic expansion is expected, continued disclosure of uncertainty regarding the outlook arising from US trade policy and its impact on overseas economies. - FY2018-Q3RestatedAnnual report
「In addition, although economic conditions are expected to continue expanding moderately, supported by increased personal consumption resulting from improvements in employment and income conditions and other factors, considerable uncertainty remains regarding the outlook, including US trade policy and its impact on overseas economies.」
While economic expansion is expected, continued disclosure of uncertainty regarding the outlook arising from US trade policy and its impact on overseas economies. - FY2018-Q2RestatedAnnual report
「In addition, although the expansionary trend in economic conditions is expected to continue, supported by increased personal consumption resulting from improvements in employment and income conditions and other factors, considerable uncertainty remains regarding the outlook, including monetary policy in the US and Europe and its impact on international markets.」
While an expansionary trend in economic conditions is expected, continued disclosure of uncertainty regarding the outlook arising from monetary policy in the US and Europe and its impact on international markets. - FY2018-Q1RestatedAnnual report
「In addition, although the expansionary trend in economic conditions is expected to continue, supported by increased exports against a backdrop of growth in overseas economies and other factors, considerable uncertainty remains regarding the outlook, including US economic policy and its impact on international markets.」
Continued disclosure of uncertainty regarding the outlook arising from US economic policy and its impact on international markets. - FY2017RestatedAnnual report
「Although the expansionary trend in economic conditions is expected to continue, supported by accommodative monetary policy and the government's large-scale economic measures, considerable uncertainty remains regarding the outlook, including US economic policy, its impact on international markets, and developments in emerging-market and resource-rich economies.」
Continued disclosure of uncertainty regarding the outlook arising from US economic policy, international markets, and emerging-market and resource-rich economies. - FY2017-Q3RestatedAnnual report
「In addition, although the recovery trend is expected to continue, supported by increased domestic demand resulting from the government's large-scale economic measures and other factors, considerable uncertainty remains regarding the outlook, including US economic policy, its impact on international markets, and developments in emerging-market and resource-rich economies.」
Continued disclosure of uncertainty regarding the outlook, including US economic policy, international markets, and developments in emerging-market and resource-rich economies. - FY2017-Q2RestatedAnnual report
「Considerable uncertainty remains regarding the outlook, including developments in the US economy and their impact on international markets.」
Continued disclosure of uncertainty regarding the outlook arising from developments in the US economy and international markets. - FY2017-Q1RestatedAnnual report
「Considerable uncertainty remains regarding the outlook, including developments in the US economy and their subsequent impact on international markets.」
Continued disclosure of uncertainty regarding the outlook, including developments in the US economy and international markets. - FY2016RestatedAnnual report
「Uncertainty in the global economy spans a wide range of factors, and considerable uncertainty remains regarding the outlook.」
Continued disclosure of uncertainty in the global economy and the outlook for economic conditions. - FY2016-Q3First statedAnnual report
「Amid rising uncertainty across the global economy, considerable uncertainty remains regarding the outlook for economic conditions.」
First mentioned as an external-environment risk.