Uncertainty over the outlook due to concerns about overseas economies and geopolitical risks
First written in FY2018-Q2. 20 of 28 entries say "Restated". Latest entry: FY2027-H1.
Cawachi Limited moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
76 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「During the interim consolidated accounting period from 16 March 2026 to 15 September 2026, Japan's economy was on a gradual recovery trajectory, supported by improvements in corporate capital investment and the employment and income environment. However, it remained subject to an uncertain outlook owing to heightened geopolitical risks related to the situation in the Middle East and elsewhere, uncertainty surrounding U.S. trade policy, fluctuations in foreign exchange rates, the impact of natural disasters and other factors.」
In addition to the risk of an economic downturn resulting from U.S. trade policy, the Company explicitly identified geopolitical risks related to the situation in the Middle East and elsewhere, foreign exchange fluctuations and the impact of natural disasters as factors contributing to the uncertain outlook, thereby broadening the scope of its risk factors. - FY2026MaterialisedAnnual report
「The Company is currently reviewing the next medium-term management plan in light of the recent situation in the Middle East and other factors. The details will be disclosed promptly once finalized.」
The filing states that risks previously recognized as geopolitical factors have affected the timing of the review and finalization of the next medium-term management plan. - 2026-04-28RestatedEarnings
「地政学的リスクや為替変動の影響等により、先行き不透明なまま推移いたしました。」
地政学リスクと為替変動による先行き不透明感を継続して記載した。 - FY2026-H1RestatedAnnual report
「During the six months ended 15 September 2025 (16 March 2025 to 15 September 2025), Japan's economy remained on a gradual recovery path, supported by corporate capital investment and improvements in employment and income conditions, although growth was limited to a modest increase. However, the outlook remained uncertain, with concerns about downside risks to the economy resulting from US trade policy.」
While a gradual recovery supported by employment and income conditions is indicated, downside risks to the economy resulting from US trade policy and uncertainty over the outlook continue to be cited. - FY2025WorsenedAnnual report
「However, the outlook remained uncertain amid continued soaring resource prices and the impact of foreign exchange movements, as well as concerns about downside risks to the economy resulting from US trade policy.」
In addition to the previously cited resource price, foreign exchange and geopolitical factors, downside risks to the economy resulting from US trade policy are newly identified. - FY2025-Q1RestatedAnnual report
「During the three months ended 15 June 2024 (16 March 2024 to 15 June 2024), Japan's economy began to recover gradually as socioeconomic activity normalized, supported by improvements in employment and income conditions. However, the outlook remained uncertain as the impact of soaring resource prices and foreign exchange movements continued.」
While a recovery trend driven by the normalization of socioeconomic activity and improvements in employment and income conditions is indicated, continued uncertainty over the outlook due to soaring resource prices and foreign exchange movements is cited. - FY2024-Q3RestatedAnnual report
「During the nine months ended 15 December 2023 (16 March 2023 to 15 December 2023), Japan's economy entered a gradual recovery phase as restrictions on movement were eased and the movement of people increased following the reclassification of COVID-19 as a Class 5 disease. However, the outlook remained uncertain due to the impact of soaring resource prices, foreign exchange trends and geopolitical risks.」
While a recovery trend driven by the reclassification of COVID-19 as a Class 5 disease and increased movement of people is indicated, continued uncertainty over the outlook due to resource prices, foreign exchange and geopolitical risks is cited. - FY2024-Q2RestatedAnnual report
「During the six months ended 15 September 2023 (16 March 2023 to 15 September 2023), Japan's economy showed signs of a gradual recovery as restrictions on movement were eased and the movement of people increased following the reclassification of COVID-19 as a Class 5 disease. However, the outlook remained uncertain due to the impact of soaring resource prices, foreign exchange trends and geopolitical risks.」
While recovery driven by the reclassification of COVID-19 as a Class 5 disease and increased movement of people is indicated, continued uncertainty over the outlook due to resource prices, foreign exchange and geopolitical risks is cited. - FY2023-Q3RestatedAnnual report
「During the nine months ended 15 December 2022 (16 March 2022 to 15 December 2022), Japan's economy showed signs of recovery in economic activity following the easing of restrictions on movement. However, the outlook remained uncertain due to the impact of soaring resource prices, foreign exchange movements and geopolitical risks.」
Uncertainty over the outlook due to the pandemic, resource prices, foreign exchange and geopolitical risks continues to be cited. - FY2023-Q2RestatedAnnual report
「During the six months ended 15 September 2022 (16 March 2022 to 15 September 2022), Japan's economy showed temporary signs of recovery amid the continuing impact of the spread of COVID-19. However, the outlook remained uncertain due to soaring resource prices, the impact of foreign exchange movements and heightened geopolitical risks.」
Uncertainty over the outlook due to the pandemic, resource prices, foreign exchange and geopolitical risks continues to be cited from the previous quarter. - FY2023-Q1WorsenedAnnual report
「During the three months ended 15 June 2022 (16 March 2022 to 15 June 2022), Japan's economy showed signs of recovery amid the continuing impact of the spread of COVID-19. However, the outlook remained uncertain due to soaring resource prices, the impact of foreign exchange movements and heightened geopolitical risks.」
In addition to the previously cited pandemic and geopolitical risks, soaring resource prices and the impact of foreign exchange movements are specifically identified as factors contributing to uncertainty over the outlook. - FY2022WorsenedAnnual report
「During the current consolidated fiscal year, Japan's economy showed signs of a modest recovery, although the recovery remained weak amid the continuing impact of the spread of COVID-19. However, the outlook remained uncertain due to the spread of new variants and heightened geopolitical risks.」
The spread of new variants and heightened geopolitical risks are specifically identified, expanding the range of factors cited as contributing to uncertainty over the outlook. - FY2022-Q3RestatedAnnual report
「During the nine-month period ended December 31, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
The filing states that there have been no material changes in the previously identified business and other risks, including concerns about overseas economies and geopolitical risks. - FY2022-Q2RestatedAnnual report
「During the six-month period ended September 30, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
The filing states that there have been no material changes in the previously identified business and other risks, including concerns about overseas economies and geopolitical risks. - FY2021-Q3RestatedAnnual report
「During the nine-month period ended December 31, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
No material changes are considered to have occurred in the previously identified business and other risks, including concerns about overseas economies and geopolitical risks. - FY2020WorsenedAnnual report
「During the current consolidated fiscal year, Japan's economy continued to recover gradually, supported by improving corporate earnings and employment conditions. However, the outlook remained increasingly uncertain due to heightened geopolitical risks in overseas affairs, including US-China trade issues and the situation in the Middle East, as well as signs of stagnating economic activity amid the global spread of COVID-19.」
In addition to the previous concerns about overseas economies, US-China trade issues, the situation in the Middle East, the global spread of COVID-19 and stagnation in economic activity are specifically cited, broadening the range of factors contributing to uncertainty over the outlook. - FY2020-Q3RestatedAnnual report
「During the nine months ended 15 December 2019 (16 March 2019 to 15 December 2019), Japan's economy continued to recover gradually, supported by improving corporate earnings and employment conditions. However, the outlook remained uncertain due in part to heightened geopolitical risks, including trade friction resulting from US policy and the UK's withdrawal from the EU.」
While improvements in corporate earnings and employment conditions and a gradual recovery are indicated, continued uncertainty over the outlook due to trade friction, the UK's withdrawal from the EU and geopolitical risks is cited. - FY2020-Q2WorsenedAnnual report
「During the six months ended 15 September 2019 (16 March 2019 to 15 September 2019), Japan's economy continued to recover gradually, supported by improving corporate earnings and employment conditions. However, the outlook remained uncertain due to concerns about a slowdown in the global economy resulting from the US-China trade dispute, the UK's withdrawal from the EU and other factors.」
In addition to the previous concerns about overseas economies, the US-China trade dispute, the UK's withdrawal from the EU and concerns about a slowdown in the global economy are specifically identified, broadening the range of factors cited as contributing to uncertainty over the outlook. - FY2020-Q1RestatedAnnual report
「During the three months ended 15 June 2019 (16 March 2019 to 15 June 2019), Japan's economy continued to recover gradually, supported by improving corporate earnings and employment conditions. However, the outlook remained uncertain due in part to concerns about overseas economies.」
Despite improvements in corporate earnings and employment, continued uncertainty over the outlook due in part to concerns about overseas economies is cited. - FY2019RestatedAnnual report
「During the current consolidated fiscal year, Japan's economy remained on a gradual recovery path, supported by improving corporate earnings and employment conditions. However, the outlook remained uncertain due in part to concerns about overseas economies.」
Despite improvements in corporate earnings and employment, continued uncertainty over the outlook due in part to concerns about overseas economies is cited. - FY2019-Q3RestatedAnnual report
「During the nine months ended 15 December 2018 (16 March 2018 to 15 December 2018), Japan's economy remained on a gradual recovery path, supported by improving corporate earnings and employment conditions. However, the outlook remained uncertain due in part to concerns about overseas economies.」
Despite improvements in corporate earnings and employment, continued uncertainty over the outlook due in part to concerns about overseas economies is cited. - FY2019-Q2RestatedAnnual report
「During the six months ended 15 September 2018 (16 March 2018 to 15 September 2018), Japan's economy remained on a gradual recovery path, supported by improving corporate earnings and employment conditions. However, the outlook remained uncertain due in part to concerns about overseas economies.」
Despite improvements in corporate earnings and employment, continued uncertainty over the outlook due in part to concerns about overseas economies is cited. - FY2019-Q1RestatedAnnual report
「During the three months ended 15 June 2018 (16 March 2018 to 15 June 2018), Japan's economy remained on a gradual recovery path, supported by improving corporate earnings and employment conditions. However, the outlook remained uncertain due in part to concerns about overseas economies.」
Despite improvements in corporate earnings and employment, continued uncertainty over the outlook due in part to concerns about overseas economies is cited. - FY2018RestatedAnnual report
「During the current consolidated fiscal year, Japan's economy remained on a gradual recovery path, supported by improving corporate earnings and employment conditions. However, the outlook remained uncertain due to concerns about overseas economies and heightened geopolitical risks.」
Concerns about overseas economies and heightened geopolitical risks continue to be cited as factors contributing to uncertainty over the outlook for the domestic economy. - FY2018-Q3RestatedAnnual report
「During the nine months ended 15 December 2017 (16 March 2017 to 15 December 2017), Japan's economy remained on a gradual recovery path, supported by improving corporate earnings and employment conditions. However, the outlook remained uncertain due to concerns about overseas economies, including those of Europe, the United States and emerging markets, as well as heightened geopolitical risks.」
Concerns about overseas economies and heightened geopolitical risks continue to be cited as factors contributing to uncertainty over the outlook for the domestic economy. - FY2018-Q2First statedAnnual report
「During the six months ended 15 September 2017 (16 March 2017 to 15 September 2017), Japan's economy remained on a gradual recovery path, supported by improving corporate earnings and employment conditions. However, the outlook remained uncertain due to concerns about overseas economies, including those of Europe, the United States and emerging markets, as well as heightened geopolitical risks.」
Concerns about overseas economies, including those of Europe, the United States and emerging markets, and heightened geopolitical risks are cited as factors contributing to uncertainty over the outlook for the domestic economy.