Uncertainty in Overseas Economies and Volatility in Financial and Capital Markets

「In addition to continued yen depreciation and higher costs, prolonged price increases and higher interest rates further strengthened consumers' preference for saving and sensitivity to prices. The outlook for the global economy also remained uncertain due to the situation in the Middle East and volatility in foreign exchange markets.」

「障がいのあるスタッフが無農薬で新鮮な野菜を育て、グループ会社ゼットンが運営する飲食店や社員カフェに卸すほか、複合施設「ニコアンド ベース」のサウナでは生ハーブを使った「生ハーブロウリュ」を開催する。」

「However, against a backdrop of the sustained depreciation of the yen and labor shortages, inflation driven by higher food, raw material and energy prices has persisted, posing a downside risk to personal consumption. In addition, the outlook for the global economy remains uncertain due to U.S. tariff policies and the international situation.」

「However, prolonged price increases caused by higher food, raw material and energy prices against a backdrop of yen depreciation and the labor shortage are posing a downside risk to personal consumption. In addition, the outlook for the global economy remained uncertain due to US tariff policy and the international situation.」

「The economic outlook remained uncertain due to the persistent depreciation of the yen, the declining birthrate and aging population, the prolonged situations involving Russia and Ukraine and in the Middle East, and the labor shortage. Extreme weather, including heatwaves, heavy rain and heavy snow, was also observed.」

「The economic outlook remained uncertain due to the rapid depreciation of the yen, the declining birthrate and aging population, the labor shortage, and the prolonged situations involving Russia and Ukraine and in the Middle East. Extreme weather, including heatwaves and heavy rain, was also observed.」

「The economic outlook remained uncertain due to the continued depreciation of the yen, the worsening labor shortage, the prolonged situations involving Russia and Ukraine and in the Middle East, and higher resource and energy prices.」

「The economic outlook remained uncertain due to the prolonged situations involving Russia and Ukraine and in the Middle East, higher resource and energy prices, the continued depreciation of the yen, rising prices in Japan and overseas, and the worsening labor shortage.」

「The economic outlook remained uncertain due to the prolonged situations involving Russia and Ukraine and in the Middle East, higher resource and energy prices, exchange-rate movements, rising prices in Japan and overseas, and the worsening labor shortage.」

「The economic outlook remained uncertain due to the prolonged situation involving Russia and Ukraine, higher resource and energy prices, exchange-rate movements and global inflation.」

「Although the economic outlook remains uncertain due to the prolonged situation in Russia and Ukraine, soaring resource and energy prices, rapid exchange-rate fluctuations and global inflation, appetite for fashion-related spending remained firm.」

「Although the economic outlook remains uncertain due to the sharp depreciation of the yen and soaring resource and energy prices stemming from the situation in Russia and Ukraine, consumers' appetite for fashion-related spending has remained firm recently.」

「During the cumulative second quarter, the COVID-19 outbreak had subsided in the first quarter, and the easing of restrictions on activities led to a recovery in foot traffic and signs of normalisation in consumer activity. However, the spread of the Omicron variant from July temporarily reduced customer numbers. From May to June, disruptions to the supply chain caused by the Shanghai lockdown also constrained sales. In addition, the sharp depreciation of the yen and soaring resource and energy prices stemming from the situation in Russia and Ukraine continued, leaving the economic outlook uncertain.」

「The economic outlook remains uncertain because of the rapid depreciation of the yen and surging resource and energy prices resulting from the situation involving Russia and Ukraine.」

「In the overseas business, unexpected changes in laws or regulations, political or economic factors that adversely affect the Group's business, or social disruption caused by terrorism, conflict, natural disasters or other events may affect the Group's performance.」

「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy remained on a moderate recovery trend, with improvements in corporate earnings and employment conditions, despite concerns including uncertainty in overseas economies and volatility in financial markets.」

「Concerns about economic downturns in emerging Asian economies and resource-rich countries, as well as the UK's withdrawal from the EU, meant that uncertainty about the outlook continued.」

「The outlook remained uncertain amid concerns about the increasing uncertainty surrounding overseas economies and volatility in financial and capital markets.」