Uncertainty surrounding the global economic outlook and geopolitical risks
First written in FY2018-Q3. 12 of 25 entries say "Restated". Latest entry: 2026-08-12.
Premium Water Holdings moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
65 other companies' latest entry also says "Restated".
- 2026-08-12RestatedEarnings
「The outlook remains uncertain due to the prolonged instability of the international situation, the impact of U.S. trade policy, heightened tensions in the Middle East, continued inflation and volatility risks in the financial and capital markets.」
International conditions, U.S. trade policy, the situation in the Middle East, inflation and financial and capital-market volatility continue to be cited as factors making the outlook uncertain. - FY2026WorsenedAnnual report
「The outlook remains uncertain due to the prolonged instability in international conditions, the effects of U.S. trade policy, heightened tensions in the Middle East, continued price increases, and volatility risks in the financial and capital markets.」
In addition to the previous uncertainty concerning international conditions, financial markets, and resource prices, U.S. trade policy, conditions in the Middle East, and continued price increases were explicitly identified as sources of uncertainty. - 2026-04-16RestatedOccurring Fact
「We hereby report the current status of the impact of the situation in the Middle East on our business and performance as follows.」
The situation in the Middle East is identified as an external-environment and geopolitical risk, but the disclosure states that it has not directly affected business activities at present. - FY2026-H1RestatedAnnual report
「The outlook remains uncertain due to the prolonged instability in international affairs, future US policies, volatility risks in the financial and capital markets, and the continued surge in resource and raw-material prices.」
International conditions, U.S. policy, financial and capital market volatility, and high resource and raw material prices continue to be cited as sources of uncertainty for the global economy and business environment. - FY2025WorsenedAnnual report
「On the other hand, the outlook remains uncertain due to tense global conditions, the chronic persistence of high resource and raw material prices, and the effects of U.S. tariff policies.」
In addition to the previously cited global conditions and high resource and raw material prices, U.S. tariff policy was explicitly identified as a source of uncertainty. - FY2025-H1WorsenedAnnual report
「At the same time, the outlook remains uncertain due to heightened geopolitical tensions, volatility risks in the financial and capital markets, and the chronic persistence of surging resource and raw-material prices.」
The volatility risks in global conditions and the financial and capital markets, together with the chronic persistence of high resource and raw material prices, are cited as sources of uncertainty about the outlook. - FY2024RestatedAnnual report
「On the other hand, the outlook remains uncertain due to the prolonged Russia-Ukraine situation, rapid yen depreciation, and inflationary pressure from surging resource and raw material prices.」
Continues to cite geopolitical conditions, yen depreciation, and surging resource and raw material prices as sources of uncertainty about the outlook. - FY2024-Q3RestatedAnnual report
「During the nine months ended the current third quarter, Japan's economy showed signs of recovery due to increased movement of people following the reclassification of COVID-19 as a Class 5 disease. On the other hand, the outlook remained uncertain due to tense global conditions, volatility risks in the financial and capital markets, and inflationary pressure from surging resource and raw material prices.」
Although the reclassification of COVID-19 as a Class 5 disease and increased movement of people indicated signs of recovery, global conditions, the financial and capital markets, and resource and raw material prices continue to be cited as sources of uncertainty about the outlook. - FY2024-Q2RestatedAnnual report
「During the six months ended the current second quarter, Japan's economy showed signs of recovery due to increased movement of people following the reclassification of COVID-19 as a Class 5 disease. On the other hand, the outlook remained uncertain due to tense global conditions, volatility risks in the financial and capital markets, and inflationary pressure from surging resource and raw material prices.」
Although the reclassification of COVID-19 as a Class 5 disease and increased movement of people indicated signs of recovery, uncertainty related to global conditions, financial markets, and resource and raw material prices continues to be cited. - FY2024-Q1Easing impact of the pandemic alongside continuing market and inflation risksAnnual report
「During the three months ended the current first quarter, Japan's economy showed signs of recovery due to increased movement of people following the reclassification of COVID-19 as a Class 5 disease. On the other hand, the outlook remained uncertain due to tense global conditions, volatility risks in the financial and capital markets, and inflationary pressure from surging resource and raw material prices.」
Although the reclassification of COVID-19 as a Class 5 disease and increased movement of people indicated signs of recovery, tense global conditions, financial and capital market volatility, and inflationary pressure from surging resource and raw material prices were cited as new sources of uncertainty about the outlook. - FY2023-Q3RestatedAnnual report
「During the nine months ended the current third quarter, Japan's economy showed signs of recovery as efforts to balance infection control and economic activity progressed, including the easing of restrictions on travel and going out. On the other hand, the outlook became uncertain due to the prolonged Russia-Ukraine situation, rapid yen depreciation, and inflationary pressure from surging resource and raw material prices.」
Continues to describe signs of recovery from balancing infection control and economic activity, while citing uncertainty about the outlook due to geopolitical conditions, yen depreciation, and surging resource and raw material prices. - FY2023-Q2RestatedAnnual report
「At the same time, the outlook has become uncertain due to the protracted Russia-Ukraine situation, the yen's rapid depreciation, and inflationary pressure from surging resource and raw-material prices.」
Continues to cite the prolonged Russia-Ukraine situation, rapid yen depreciation, and inflationary pressure from surging resource and raw material prices as sources of uncertainty about the outlook. - FY2023-Q1WorsenedAnnual report
「At the same time, the outlook has become uncertain due to concerns about another wave of infections caused by new variants, the protracted Russia-Ukraine situation, the yen's rapid depreciation, and inflationary pressure from surging resource and raw-material prices.」
In addition to concerns about the spread of COVID-19, the prolonged Russia-Ukraine situation, rapid yen depreciation, and inflationary pressure from surging resource and raw material prices were cited as new sources of uncertainty. - FY2022Expectations for recovery alongside uncertain factorsAnnual report
「Although concerns about the spread of COVID-19 are expected to remain for the time being, the number of infections is expected to decline as vaccination is promoted, and economic activity and service consumption are expected to be on a recovery trend as restrictions on activities are eased. However, the outlook remains uncertain due to the detection of new variants and rising prices for energy resources, materials and other items.」
Indicates expectations for recovery from vaccination and the easing of activity restrictions, while also citing uncertainty about the outlook due to new variants and rising energy and materials prices. - FY2022-Q3Signs of recovery alongside concerns about variantsAnnual report
「Domestic consumption during the nine months ended the current third quarter remained challenging due to the effects of COVID-19. Although signs of recovery emerged as the vaccination rate rose, new infections declined, and restrictions on travel and going out were eased, concerns about the emergence of new variants and another resurgence of infections have again made the outlook uncertain.」
Although the rising vaccination rate and easing of restrictions indicated signs of recovery, concerns about new variants and another resurgence of infections again created uncertainty about the outlook. - FY2022-Q2RestatedAnnual report
「Domestic consumption during the nine months ended the current second quarter remained challenging due to the effects of COVID-19. With the reissuance of a state of emergency and the application of priority preventive measures, economic activity and personal consumption were repeatedly restricted, leaving the outlook uncertain as containment of COVID-19 remained in sight.」
Continues to describe the difficult conditions for domestic consumption caused by COVID-19, restrictions on economic activity and personal consumption, and the uncertain outlook for containment. - FY2022-Q1WorsenedAnnual report
「Domestic consumption during the six months ended the current first quarter remained challenging due to the effects of the spread of COVID-19. The reissuance of a state of emergency and renewed restrictions on economic activity and personal consumption have made the outlook uncertain.」
States that the reissuance of a state of emergency following the spread of COVID-19 again intensified restrictions on economic activity and personal consumption, as well as uncertainty about the outlook. - FY2021-Q3WorsenedAnnual report
「Although signs of recovery had begun to emerge as economic activity gradually resumed, the nationwide resurgence this winter has again made the outlook uncertain.」
States that, although the resumption of economic activity had produced signs of recovery, the nationwide resurgence of COVID-19 had again heightened uncertainty about the outlook. - FY2021-Q2RestatedAnnual report
「During the six months ended the current second quarter, the outlook for containing the spread of COVID-19 remained uncertain, while consumers' lifestyles and values continued to change in response to their circumstances.」
Continues to describe the uncertain outlook for containing the spread of COVID-19 and changes in consumers' lifestyles and values. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy deteriorated rapidly and remained in an extremely severe condition, as personal consumption and corporate activity were significantly restricted by requests to refrain from various economic activities due to the spread of COVID-19.」
In addition to the existing uncertainty and lack of visibility regarding the global economic outlook, the Company stated that the spread of COVID-19 had actually restricted personal consumption and corporate activity and caused the economy to deteriorate. - FY2020-Q2RestatedAnnual report
「Meanwhile, the outlook remained uncertain due to uncertainty in overseas economies, including the prolonged U.S.-China trade friction and the UK's Brexit issue, as well as concerns about the economic impact of the consumption tax rate increase taking effect on 1 October of this year.」
The Company continues to identify the prolonged U.S.-China trade friction, the UK's Brexit issue and the economic impact of the consumption tax rate increase as factors contributing to uncertainty over the outlook. - FY2020-Q1WorsenedAnnual report
「Meanwhile, in addition to uncertainty in overseas economies, including the prolonged U.S.-China trade friction and the UK's Brexit issue, there were concerns about the impact on the economy of the consumption tax rate increase scheduled to take effect on 1 October of this year.」
In addition to the prolonged U.S.-China trade friction and the UK's Brexit issue, the economic impact of the consumption tax rate increase was added as a factor of concern. - FY2019-Q3WorsenedAnnual report
「Meanwhile, the outlook remained uncertain due to higher raw material costs resulting from rising crude oil prices and growing uncertainty in the global economy, including U.S.-China trade friction.」
In addition to the previously cited uncertainty in overseas economies, the Company identified growing uncertainty in the global economy, including U.S.-China trade friction, as a specific factor. - FY2019-Q1RestatedAnnual report
「At the same time, the outlook remains uncertain due to higher raw-material costs resulting from rising crude oil prices and uncertainty in the overseas economy.」
The Company continues to disclose uncertainty over the outlook arising from uncertainty in overseas economies. - FY2018-Q3First statedAnnual report
「The global economy remained uncertain because of policy developments under the new U.S. administration and rising geopolitical risks in the Far East.」
The Company identified uncertainty in the global economic outlook, driven by policy developments under the new U.S. administration and rising geopolitical risks in the Far East, as a risk for the first time.