Deterioration in the business environment due to concerns over a slowdown in the global economy, a stronger yen and falling stock prices
First written in FY2017-Q1. 21 of 40 entries say "Worsened", first in FY2017. Latest entry: FY2027-H1.
Abc-Mart moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).
The whole theme swung hardest in 2022: 125 of 168 companies on the "Worse" side.
65 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「Meanwhile, the outlook remains uncertain due to the prolonged geopolitical risks arising from trade friction and the situation in the Middle East, as well as rising inflation accompanying higher energy and raw-material prices.」
In addition to the existing geopolitical risks and inflation, trade friction, the situation in the Middle East, and rising energy and raw-material prices were identified as specific factors contributing to the uncertain outlook. - FY2026-H1WorsenedAnnual report
「Meanwhile, uncertainty about the outlook continues due to prolonged geopolitical risks, surging raw material and energy prices, and the impact of US monetary policy and tariff measures.」
In addition to the existing geopolitical risks and rising prices, the impact of US monetary policy and tariff measures was explicitly identified as a source of uncertainty in the business environment. - FY2025WorsenedAnnual report
「Overseas, significant volatility in equity and foreign exchange markets and rising geopolitical risks are a concern amid the United States' protectionist moves and increasing policy uncertainty, and the global economy is expected to remain uncertain.」
US protectionism and policy uncertainty were identified as new factors, with concerns expressed about volatility in equity and foreign exchange markets and geopolitical risks. - FY2025-H1WorsenedAnnual report
「During the six-month interim consolidated accounting period from 1 March 2024 to 31 August 2024, consumption increased moderately as social and economic activity became more vigorous and the number of foreign visitors rose. Meanwhile, the yen continued to weaken and prices continued to rise as a result, with signs of slowing private consumption emerging in some areas.」
While increased consumption driven by more active social and economic activity and a rise in foreign visitors was recognized, the statement added that slower private consumption due to yen depreciation and rising prices was already evident in some areas. - FY2025-Q1ReframedAnnual report
「During the first quarter of the fiscal year under review, consumption increased moderately as social and economic activity became more vigorous and the number of foreign visitors rose. Meanwhile, the yen continued to weaken as the interest-rate gap with Western countries widened, and prices continued to rise as a result, raising concerns about the impact on private consumption.」
The assessment shifted to recognize moderate growth in consumption driven by increased social and economic activity and more foreign visitors, while expressing concern about the impact of the widening interest-rate gap with Western countries, yen depreciation and rising prices on private consumption. - FY2024-Q3RestatedAnnual report
「Meanwhile, the yen has continued to weaken and prices have remained high amid rising geopolitical risks, raising concerns about a slowdown in the economic recovery.」
Continued concerns about a slowdown in the economic recovery due to geopolitical risks, yen depreciation and rising prices were indicated. - FY2024-Q2RestatedAnnual report
「Meanwhile, the yen has continued to weaken and prices have remained high amid rising geopolitical risks, raising concerns about a slowdown in the economic recovery.」
While increased consumption was recognized, concerns about a slowdown in the economic recovery due to geopolitical risks, yen depreciation and rising prices persisted. - FY2024-Q1RestatedAnnual report
「Meanwhile, the yen has continued to weaken and prices have remained high amid rising geopolitical risks, raising concerns about a slowdown in the economic recovery.」
Continued concerns about a slowdown in the economic recovery due to geopolitical risks, yen depreciation and rising prices are indicated. - FY2023WorsenedAnnual report
「Although prolonged inflation is expected to result in weaker consumption due to rising prices and raise concerns about its impact on the global economy, we expect efforts toward economic normalization to accelerate both domestically and overseas, with further growth in inbound demand.」
While economic normalization and an increase in inbound demand are expected, prolonged inflation, weaker consumption due to rising prices and its impact on the global economy continued to be identified and specified as factors of concern. - FY2023-Q3WorsenedAnnual report
「Overseas, the spread of COVID-19 has shown signs of stabilizing and the consumer environment has been improving, but uncertainty about the outlook continues as expectations and concerns over the impact of prolonged inflation on the global economy and tighter US monetary policy remain mixed.」
While improvement in the overseas consumer environment was recognized, prolonged inflation and tighter US monetary policy were added and specified as factors contributing to uncertainty about the outlook for the global economy. - FY2023-Q2RestatedAnnual report
「Overseas, the consumer environment has gradually improved despite fluctuations in the spread of COVID-19, but uncertainty about the outlook continues due to the prolonged supply chain problems, advancing inflation and other factors.」
While improvement in the overseas consumer environment was recognized, uncertainty about the outlook due to the prolonged supply chain problems and advancing inflation was indicated, as in the previous quarter. - FY2023-Q1WorsenedAnnual report
「Overseas, the consumer environment has gradually improved despite fluctuations in the spread of COVID-19, but uncertainty about the outlook continues due to the prolonged supply chain problems, advancing inflation and other factors.」
While improvement in the overseas consumer environment was recognized, the prolonged supply chain problems and advancing inflation were identified as new concerns, and uncertainty about the outlook has persisted. - FY2022WorsenedAnnual report
「Overseas, rising geopolitical risks and the prolonged supply chain problems remain concerns, and uncertainty about the outlook continues.」
In addition to rising geopolitical risks, the prolonged supply chain problems were explicitly identified as concerns for the overseas business environment, and uncertainty about the outlook has persisted. - FY2022-Q3WorsenedAnnual report
「Overseas, the emergence of new variants and the prolonged supply chain problems remain concerns, and uncertainty about the outlook continues.」
In addition to new variants of COVID-19, the prolonged supply chain problems were explicitly identified as factors of concern for the overseas business environment. - FY2022-Q2WorsenedAnnual report
「The business environment during the first six months of the fiscal year under review, from 1 March 2021 to 31 August 2021, was characterized by continued restrictions on economic activity, as repeated states of emergency and other measures were declared in Japan and overseas due to the renewed spread of COVID-19, despite progress in vaccination programs and other measures.」
Although vaccination programs were progressing, COVID-19 infections were spreading again in Japan and overseas, and restrictions on economic activity due to repeated states of emergency and other measures continued. - FY2022-Q1ReframedAnnual report
「During the first quarter of the fiscal year under review, economic activity remained restricted in Japan, particularly in major metropolitan areas, with a third state of emergency and other measures declared due to the renewed spread of COVID-19, unlike the significant economic recovery in Western countries where vaccination programs had progressed.」
The assessment shifted to highlight regional differences: economic recovery was progressing in Western countries on the back of vaccination programs, while restrictions on economic activity continued in Japan due to the renewed spread of COVID-19 and the third state of emergency. - FY2021RestatedAnnual report
「The business environment during the fiscal year under review remained extremely difficult as COVID-19 spread and social and economic activity was heavily restricted, with corporate earnings and business sentiment deteriorating, private consumption declining and inbound demand falling sharply. Even after the government lifted the state of emergency, recovery in economic activity remained slow, and uncertainty about the outlook persisted.」
This assessment of the business environment, involving restrictions on social and economic activity due to COVID-19, declining private consumption, a sharp drop in inbound demand and uncertainty about the outlook, continued through the full fiscal year. - FY2021-Q3RestatedAnnual report
「The business environment during the first nine months of the fiscal year under review remained extremely difficult as COVID-19 spread and social and economic activity was heavily restricted, with corporate earnings and business sentiment deteriorating, private consumption declining and inbound demand falling sharply. Even after the government lifted the state of emergency, recovery in economic activity remained slow, and uncertainty about the outlook persisted.」
The difficult business environment has continued, with restrictions on social and economic activity due to COVID-19, declining private consumption, a sharp drop in inbound demand and uncertainty about the outlook. - FY2021-Q2WorsenedAnnual report
「As COVID-19 spread and social and economic activity was heavily restricted, conditions remained extremely difficult, with corporate earnings and business sentiment deteriorating, private consumption declining and inbound demand falling sharply.」
In addition to the existing global economic and geopolitical risks, restrictions on social and economic activity due to COVID-19, deteriorating corporate earnings, declining private consumption and a sharp drop in inbound demand were indicated as an extremely difficult business environment. - FY2021-Q1WorsenedAnnual report
「The business environment during the first quarter of the fiscal year under review, from 1 March 2020 to 31 May 2020, was characterized by signs of stagnation in domestic and overseas economic activity due to the global spread of COVID-19.」
In addition to the existing trade friction and geopolitical risks, stagnation in domestic and overseas economic activity due to the global spread of COVID-19 was indicated as the actual business environment. - FY2020WorsenedAnnual report
「The business environment during the fiscal year under review, from 1 March 2019 to 29 February 2020, was characterized overseas by growing concerns about the impact on the global economy of US-China trade friction, rising geopolitical risks in various countries and the spread of the novel coronavirus.」
In addition to the existing trade friction and geopolitical risks, the spread of the novel coronavirus was added as a factor of concern for the global economy. - FY2020-Q3RestatedAnnual report
「The business environment during the first nine months of the fiscal year under review was characterized overseas by concerns about the impact on the global economy of deteriorating business sentiment in Europe and China, rising geopolitical risks and other factors.」
Concerns about the overseas business environment due to deteriorating business sentiment in Europe and China and rising geopolitical risks continued to be indicated from the previous quarter. - FY2020-Q2WorsenedAnnual report
「The business environment during the first six months of the fiscal year under review was characterized overseas by concerns about the impact on the global economy of deteriorating business sentiment in Europe and China, rising geopolitical risks and other factors.」
In addition to the existing trade friction and geopolitical risks, deteriorating business sentiment in Europe and China and rising geopolitical risks were indicated, heightening concerns about the overseas business environment. - FY2020-Q1RestatedAnnual report
「The business environment during the first quarter of the fiscal year under review, from 1 March 2019 to 31 May 2019, was characterized overseas by increasing uncertainty about the outlook due to trade friction and geopolitical risks, which were raising concerns about their impact on the global economy.」
Continued uncertainty about the outlook for overseas economies due to trade friction and geopolitical risks is indicated. - FY2019RestatedAnnual report
「The business environment during the fiscal year under review was characterized overseas by increasing uncertainty about the outlook due to trade friction and geopolitical risks, which are raising concerns about their impact on the global economy.」
Continued uncertainty about the outlook for overseas economies due to trade friction and geopolitical risks is indicated. - FY2019-Q3RestatedAnnual report
「Overseas, uncertainty about the outlook has been increasing due to trade friction and geopolitical risks, which are raising concerns about their impact on the global economy.」
Uncertainty about the outlook for overseas economies due to trade friction and geopolitical risks continues to be noted from the previous quarter. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, overseas economies showed moderate growth, mainly in Europe and the United States, but uncertainty about the outlook increased due to trade friction and geopolitical risks.」
The assessment of the business environment has been reiterated: while the Western economies are growing moderately, uncertainty about the outlook is increasing due to trade friction and geopolitical risks. - FY2019-Q1WorsenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, overseas economies showed moderate growth, mainly in Europe and the United States, but uncertainty about the outlook increased due to trade friction and geopolitical risks.」
Although moderate growth in the European and U.S. economies was recognized, the outlook became more uncertain due to trade friction and geopolitical risks. - FY2018RestatedAnnual report
「During the current consolidated fiscal year, moderate growth continued in a low-interest-rate environment, mainly in developed economies. Although attention must be paid to geopolitical risks in Asia and elsewhere, corporate earnings continued to improve and capital investment continued to increase.」
The business environment continues to be characterized by recognition of moderate growth in developed economies and improving corporate earnings, while calling for attention to geopolitical risks in Asia. - FY2018-Q3ReframedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, moderate growth continued in a low-interest-rate environment, mainly in developed economies. Although attention must be paid to geopolitical risks in Asia and elsewhere, corporate earnings continued to improve and capital investment continued to increase.」
The description shifted from concerns over a slowdown in the global economy and yen appreciation to recognition of moderate growth in developed economies, improving corporate earnings, and increased capital investment, while calling for attention to geopolitical risks in Asia. - FY2018-Q2ReframedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the economy continued to recover gradually against a backdrop of improving corporate earnings and employment, but lacked some strength due to political turmoil in Europe and the United States and geopolitical risks in Asia.」
While continuing to refer to a gradual recovery, the description shifted from the previous references to emerging-market and European and U.S. factors to a more specific characterization centered on political turmoil in Europe and the United States and geopolitical risks in Asia. - FY2018-Q1WorsenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the economy continued to recover gradually against a backdrop of improving corporate earnings and employment, but lacked some strength due to heightened geopolitical risks, including economic stagnation in emerging markets and the formation of new administrations in Europe and the United States.」
Although the continuation of a gradual recovery was noted, the business environment was described as lacking strength due to heightened geopolitical risks stemming from economic stagnation in emerging markets and the formation of new administrations in Europe and the United States. - FY2017WorsenedAnnual report
「The business environment during the current consolidated fiscal year, from 1 March 2016 to 28 February 2017, initially saw the yen appreciate due to an economic slowdown in China and other emerging markets and the United Kingdom's withdrawal from the EU. However, uncertainty about the outlook has increased amid concerns over the economic policies of the new U.S. administration.」
In addition to the previous concerns over an economic slowdown in China and emerging markets, the United Kingdom's withdrawal from the EU, and yen appreciation, concerns over the economic policies of the new U.S. administration were noted, along with increased uncertainty about the outlook. - FY2017-Q3ReframedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the yen began to appreciate due to an economic slowdown in China and other emerging markets and the issue of the United Kingdom's withdrawal from the EU, while improvement in corporate earnings stalled.」
In addition to the previous concerns over a slowing global economy and yen appreciation, an economic slowdown in China and emerging markets and the United Kingdom's withdrawal from the EU were identified as specific factors. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the yen appreciated and share prices declined amid concerns over a slowdown in the global economy, particularly in Europe and emerging markets, and the recovery in corporate earnings and improvement in wage trends began to stall.」
The business environment continues to be characterized by concerns over a slowdown in the global economy, yen appreciation, falling share prices, and stagnation in the improvement of corporate earnings and wages. - FY2017-Q1First statedAnnual report
「The yen appreciated and share prices declined amid concerns over a slowdown in the global economy, particularly in Europe and emerging markets, and the recovery in corporate earnings and improvement in wage trends have begun to stall.」
Against a backdrop of concerns over a slowdown in the global economy, yen appreciation, falling share prices, and stagnation in the improvement of corporate earnings and wages have been identified as business-environment risks.