Business Environment Uncertainty Due to International Affairs, Raw Material Prices, Supply Constraints and Financial Market Volatility
First written in FY2023-Q1. 3 of 10 entries say "Restated". Latest entry: 2026-08-06.
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
64 other companies' latest entry also says "Restated".
- 2026-08-06RestatedEarnings
「The outlook remains uncertain, owing to higher raw-material prices, currency fluctuations and changes in overseas tariff policies associated with geopolitical risks, including the situation surrounding the Strait of Hormuz.」
Geopolitical risks, raw-material prices, currency fluctuations and overseas tariff policies were reconfirmed as factors contributing to uncertainty in the business environment. - FY2026Changes in overseas tariff policies explicitly identifiedAnnual report
「The Japanese economy remained on a gradual recovery trend during the current consolidated fiscal year, supported by improvements in employment and income conditions. However, the outlook remained uncertain due to soaring raw material prices and foreign-exchange fluctuations associated with geopolitical risks, as well as changes in overseas tariff policies.」
In addition to the previously cited geopolitical risks, raw material prices and foreign-exchange fluctuations, the company explicitly identified changes in overseas tariff policies as a factor contributing to uncertainty in the business environment. - 2026-05-08WorsenedResults presentation
「Meanwhile, wage increases, higher prices and rising store-opening costs are expected to pressure profit, and we forecast higher revenue but lower profit for the fiscal year ending March 2027.」
Wage increases, higher prices and rising store-opening costs were identified as specific factors that would pressure profit in the next fiscal year, reflecting uncertainty in the business environment in the earnings forecast. - FY2025-H1RestatedAnnual report
「It is also necessary to pay close attention to the effects of the global recovery in demand following the COVID-19 pandemic, rising prices associated with soaring resource prices, conditions in the Middle East and fluctuations in the financial and capital markets, and the outlook remains uncertain.」
The company continues to identify a downturn in overseas economies, resource prices and general prices, conditions in the Middle East, and financial and capital market volatility as factors contributing to uncertainty in the business environment. - FY2024-Q3More specific overseas economic downside factorsAnnual report
「Meanwhile, the outlook remains uncertain due to the effects of a downturn in overseas economies, including global monetary tightening, concerns about the outlook for the Chinese economy and heightened tensions in the Middle East, as well as the continued depreciation of the yen and rising prices.」
In addition to resource prices, yen depreciation and rising prices cited previously, the company specifically described factors contributing to a downturn in overseas economies, including global monetary tightening, concerns about the outlook for the Chinese economy and heightened tensions in the Middle East. - FY2024-Q2Explicit identification of overseas economic downside risks and consumers' preference for savingAnnual report
「Meanwhile, the outlook remains uncertain due to persistently high resource prices, a downturn in overseas economies and consumers' growing preference for saving as a result of rising prices.」
The company identified persistently high resource prices, a downturn in overseas economies and consumers' preference for saving due to rising prices as factors contributing to uncertainty in the business environment. - FY2024-Q1Concerns about an economic slowdown resulting from policy rate increasesAnnual report
「However, the outlook remains uncertain due to concerns about the impact of an economic slowdown caused by prolonged geopolitical risks, rising resource and raw material prices, foreign exchange volatility resulting from the rapid depreciation of the yen, and policy rate hikes accompanying global inflation.」
In addition to the previously cited geopolitical risks, resource and raw material prices, yen depreciation and inflation, the company identified as concerns the impact of policy rate increases associated with global inflation and the resulting economic slowdown. - FY2023-Q3Explicit identification of recession concernsAnnual report
「However, the outlook remains uncertain due to rising resource prices resulting from the prolonged situation in Ukraine, exchange-rate volatility caused by the rapid depreciation of the yen, and concerns about a shift from a period of global inflation to a period of recession.」
In addition to the previously cited international conditions, resource prices and yen depreciation, the company explicitly identified concerns about a shift from global inflation to a period of recession and continued to describe uncertainty in the business environment. - FY2023-Q2RestatedAnnual report
「However, the outlook remains uncertain due to the prolonged situation in Ukraine, soaring resource and raw material prices, and rising prices caused by the depreciation of the yen.」
The company continues to describe uncertainty in the business environment arising from the prolonged situation in Ukraine, surging resource and raw material prices, and inflation caused by the depreciation of the yen. - FY2023-Q1First statedAnnual report
「Despite heightened international tensions, including Russia's invasion of Ukraine, rising raw material prices, supply-side constraints and volatility in the financial and capital markets, the outlook remains uncertain.」
The company identified international conditions, raw material prices, supply constraints and financial and capital market volatility as external factors, other than COVID-19, contributing to the uncertain outlook.