Uncertainty over the Outlook Due to a Slowdown in Overseas Economies and Volatility in Foreign Exchange and Equity Markets
First written in FY2017-Q1. 17 of 33 entries say "Worsened", first in FY2017-Q2. Latest entry: 2026-10-30.
S&B Foods moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2022: 129 of 169 companies on the "Worse" side.
68 other companies' latest entry also says "Restated".
- FY2026-H1WorsenedAnnual report
「During the interim consolidated accounting period, Japan's economy remained on a moderate recovery trend, supported by improving corporate earnings and employment and income conditions. However, the outlook remained uncertain due to unstable international conditions, developments in US trade policy, financial and capital market volatility, and other factors.」
In addition to the existing uncertainty surrounding international conditions, developments in US trade policy and financial and capital market volatility are explicitly cited as factors contributing to an uncertain outlook. - FY2025-H1Uncertainty caused by international conditions and financial and capital market volatilityAnnual report
「During the interim consolidated accounting period, Japan's economy remained on a moderate recovery trend, supported by improving corporate earnings and employment and income conditions. However, the outlook remained uncertain due to the impact of unstable international conditions, financial and capital market volatility, and other factors.」
Although the economy is showing signs of recovery, unstable international conditions and financial and capital market volatility are cited as factors contributing to an uncertain outlook. - FY2024WorsenedAnnual report
「During the fiscal year under review, economic activity in Japan continued to show signs of returning to normal following the reclassification of COVID-19 under the Infectious Diseases Control Law. However, the outlook remained uncertain due to soaring raw material and energy prices, foreign exchange fluctuations, and geopolitical risks.」
Although economic activity is returning to normal after the pandemic, raw material and energy prices, foreign exchange rates, and geopolitical risks continue to contribute to an uncertain outlook. - FY2024-Q3WorsenedAnnual report
「During the third quarter of the fiscal year under review, economic activity in Japan continued to show signs of returning to normal following the reclassification of COVID-19 under the Infectious Diseases Control Law. However, the outlook remained uncertain due to soaring raw material and energy prices, foreign exchange fluctuations, and geopolitical risks.」
While economic activity is returning to normal, geopolitical risks have been explicitly added to the existing factors contributing to an uncertain outlook, namely soaring raw material and energy prices and foreign exchange fluctuations. - FY2024-Q2RestatedAnnual report
「During the second quarter of the fiscal year under review, economic activity in Japan continued to show signs of returning to normal following the reclassification of COVID-19 under the Infectious Diseases Control Law. However, the outlook remained uncertain due to soaring raw material and energy prices and foreign exchange fluctuations.」
The normalization of economic activity following the reclassification of COVID-19 under the Infectious Diseases Control Law is described, while soaring raw material and energy prices and foreign exchange fluctuations continue to contribute to an uncertain outlook. - FY2024-Q1Normalization after the pandemic alongside uncertainty over raw material prices and foreign exchange ratesAnnual report
「During the first quarter of the fiscal year under review, economic activity in Japan continued to show signs of returning to normal following the reclassification of COVID-19 under the Infectious Diseases Control Law. However, the outlook remained uncertain due to soaring raw material and energy prices and foreign exchange fluctuations.」
The reclassification of COVID-19 under the Infectious Diseases Control Law is described as supporting the normalization of economic activity, while soaring raw material and energy prices and foreign exchange fluctuations continue to contribute to an uncertain outlook. - FY2023-Q3RestatedAnnual report
「During the third quarter of the fiscal year under review, restrictions on activities related to COVID-19 were eased and signs of a gradual normalization of economic activity emerged. However, the outlook remained uncertain due to soaring raw material prices and supply constraints resulting from the prolonged situation in Ukraine and other factors, as well as the rapid depreciation of the yen in the foreign exchange market.」
Although restrictions on activities have been eased and economic activity is returning to normal, uncertainty about the outlook due to the situation in Ukraine, soaring raw material prices, supply constraints, and the rapid depreciation of the yen has continued. - FY2023-Q2WorsenedAnnual report
「During the second quarter of the fiscal year under review, restrictions on activities related to COVID-19 were eased and signs of a gradual normalization of economic activity emerged. However, the outlook remained uncertain due to soaring raw material prices and supply constraints resulting from the prolonged situation in Ukraine and other factors, as well as the rapid depreciation of the yen in the foreign exchange market.」
Although restrictions on activities have been eased and economic activity is returning to normal, the prolonged situation in Ukraine, soaring raw material prices, supply constraints, and the rapid depreciation of the yen are explicitly cited as factors contributing to uncertainty. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the fiscal year under review, restrictions on activities related to COVID-19 were eased and signs of a gradual normalization of economic activity emerged. However, the outlook remained uncertain due to soaring raw material prices and supply constraints resulting from the prolonged situation in Ukraine and other factors.」
Although restrictions related to COVID-19 have been eased and economic activity is returning to normal, the prolonged situation in Ukraine, soaring raw material prices, and supply constraints continue to contribute to an uncertain outlook. - FY2022WorsenedAnnual report
「During the fiscal year under review, Japan's economy remained uncertain, despite measures such as vaccinations to prevent the spread of COVID-19, due to the prolonged continuation of priority preventive measures and heightened geopolitical risks in Ukraine, among other factors.」
In addition to the existing uncertainty caused by the pandemic, geopolitical risks, including the situation in Ukraine, are explicitly cited, expanding the factors contributing to uncertainty in the economic environment. - FY2022-Q3WorsenedAnnual report
「During the third quarter of the fiscal year under review, Japan's economy remained uncertain, despite measures such as vaccinations to prevent the spread of COVID-19, amid concerns about a resurgence of infections due to the emergence of new variants and other factors.」
Although measures such as vaccinations are progressing, concerns about a resurgence of infections due to the emergence of new variants and other factors are explicitly cited, and the economic environment remains uncertain. - FY2022-Q2RestatedAnnual report
「During the second quarter of the fiscal year under review, Japan's economy remained uncertain, despite measures such as vaccinations to prevent the spread of COVID-19, as the state of emergency and other measures continued to be implemented.」
Although measures such as vaccinations are progressing, the state of emergency and other measures have continued, and the economic environment remains uncertain. - FY2022-Q1WorsenedAnnual report
「During the first quarter of the fiscal year under review, Japan's economy remained in a difficult situation because the end of the COVID-19 pandemic was not yet in sight. In addition, the outlook remained uncertain as a state of emergency and other measures were declared in April, mainly in major cities, amid concerns about the spread of new variants.」
The lack of visibility on the end of the COVID-19 pandemic, concerns about the spread of new variants, and the declaration of a state of emergency are explicitly cited, reinforcing the difficult and uncertain outlook. - FY2021-Q3WorsenedAnnual report
「Although economic activity gradually resumed after the state of emergency was lifted in May last year, the nationwide resurgence of COVID-19 this winter left the outlook uncertain.」
The nationwide resurgence of COVID-19 this winter is explicitly cited, and uncertainty about the outlook has continued. - FY2021-Q2RestatedAnnual report
「During the second quarter of the fiscal year under review, Japan's economy remained in a difficult situation due to the impact of COVID-19. Although economic activity has gradually resumed since the state of emergency was lifted in May this year, the outlook remained uncertain.」
The difficult economic situation and uncertainty about the outlook have continued due to the impact of COVID-19. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the fiscal year under review, Japan's economy remained in an extremely difficult situation as the spread of COVID-19 caused a rapid deterioration in economic conditions. Although economic activity has gradually resumed following the lifting of the state of emergency, the outlook remained uncertain.」
In addition to the existing uncertainty in overseas economies, the rapid deterioration in economic conditions caused by COVID-19 and the extremely difficult economic situation are explicitly cited. - FY2020WorsenedAnnual report
「During the fiscal year under review, Japan's economy remained on a moderate recovery trend, supported by continued improvement in corporate earnings and employment and income conditions. However, in addition to developments in overseas economies, including the US-China trade friction, the impact of the global spread of COVID-19 became more serious, leaving the outlook extremely uncertain.」
In addition to the existing uncertainty in overseas economies, the global spread of COVID-19 and the increasing severity of its impact are explicitly cited, indicating heightened uncertainty about the outlook. - FY2020-Q3WorsenedAnnual report
「During the third quarter of the fiscal year under review, Japan's economy remained on a moderate recovery trend, supported by continued improvement in corporate earnings and employment and income conditions. However, the outlook remained uncertain due to heightened uncertainty in overseas economies, including the prolonged US-China trade friction and developments related to the UK's withdrawal from the EU.」
In addition to the existing US-China trade friction, developments related to the UK's prolonged withdrawal from the EU are explicitly cited as a source of uncertainty in overseas economies. - FY2020-Q2WorsenedAnnual report
「During the second quarter of the fiscal year under review, Japan's economy remained on a moderate recovery trend, supported by continued improvement in corporate earnings and employment and income conditions. However, the outlook remained uncertain due to heightened uncertainty in overseas economies, including the US-China trade friction and the prolonged issue of the UK's withdrawal from the EU.」
In addition to the existing US-China trade friction, the prolonged issue of the UK's withdrawal from the EU has been added as a factor contributing to uncertainty in overseas economies, indicating an unclear outlook. - FY2020-Q1RestatedAnnual report
「During the first quarter of the fiscal year under review, Japan's economy remained on a moderate recovery trend, supported by continued improvement in corporate earnings and employment and income conditions. However, the outlook remained uncertain due to heightened uncertainty in overseas economies, including the US-China trade friction.」
The discussion continues to describe the outlook as uncertain, citing US-China trade friction as a factor contributing to uncertainty in overseas economies. - FY2019WorsenedAnnual report
「During the fiscal year under review, Japan's economy remained on a moderate recovery trend, supported by continued improvement in corporate earnings and employment and income conditions. However, the outlook remained uncertain due to heightened uncertainty in overseas economies, including the US-China trade friction.」
US-China trade friction is additionally cited as a specific factor contributing to uncertainty in overseas economies. - FY2019-Q3RestatedAnnual report
「During the third quarter of the current consolidated fiscal year, the Japanese economy remained on a moderate recovery path, supported by improvements in corporate earnings and employment and income conditions. However, uncertainty about the outlook persisted due to rising uncertainty in overseas economies and other factors.」
The discussion continues to cite an unclear outlook resulting from heightened uncertainty in overseas economies. - FY2019-Q2RestatedAnnual report
「During the second quarter of the current consolidated fiscal year, the Japanese economy remained on a moderate recovery path, supported by improvements in corporate earnings and employment and income conditions. However, uncertainty about the outlook persisted due to rising uncertainty in overseas economies and other factors.」
The discussion continues to cite an unclear outlook resulting from heightened uncertainty in overseas economies. - FY2019-Q1RestatedAnnual report
「During the first quarter of the fiscal year under review, Japan's economy remained on a moderate recovery trend, supported by improving corporate earnings and employment and income conditions. However, the outlook remained uncertain due to heightened uncertainty in overseas economies.」
The discussion continues to cite an unclear outlook resulting from heightened uncertainty in overseas economies. - FY2018RestatedAnnual report
「During the fiscal year under review, Japan's economy remained on a moderate recovery trend, supported by improving corporate earnings and employment and income conditions. However, the outlook remained uncertain due to heightened uncertainty in overseas economies, including concerns about a slowdown in the Chinese economy and future policy developments in the United States.」
The discussion continues to cite uncertainty in overseas economies and an unclear outlook, including foreign exchange and market conditions. - FY2018-Q3RestatedAnnual report
「During the third quarter of the current consolidated fiscal year, the Japanese economy remained on a moderate recovery path, supported by improvements in corporate earnings and employment and income conditions. However, uncertainty about the outlook persisted due to rising uncertainty in overseas economies and other factors.」
The disclosure continues to cite uncertainty about the outlook due to rising uncertainty in overseas economies. - FY2018-Q2RestatedAnnual report
「During the second quarter of the current consolidated fiscal year, the Japanese economy remained on a moderate recovery path, supported by improvements in corporate earnings and employment and income conditions. However, uncertainty about the outlook persisted due to rising uncertainty in overseas economies and other factors.」
The disclosure continues to cite uncertainty about the outlook due to rising uncertainty in overseas economies. - FY2017WorsenedAnnual report
「Uncertainty about the outlook increased amid rising uncertainty in overseas economies resulting from the United Kingdom’s departure from the EU and the change of administration in the United States, as well as concerns about the impact of foreign exchange rate volatility on corporate earnings.」
In addition to uncertainty in overseas economies, the disclosure specifically identifies the United Kingdom’s departure from the EU and the change of administration in the United States as factors contributing to uncertainty. - FY2017-Q3WorsenedAnnual report
「During the third quarter of the current consolidated fiscal year, the Japanese economy remained on a moderate recovery path, supported by improvements in employment and income conditions. However, uncertainty about the outlook persisted amid rising uncertainty in overseas economies and politics and concerns about the impact of foreign exchange rate volatility on corporate earnings.」
In addition to overseas economies, the disclosure specifically identifies rising political uncertainty and continues to cite concerns about the impact of foreign exchange rate volatility on corporate earnings. - FY2017-Q2WorsenedAnnual report
「During the second quarter of the current consolidated fiscal year, the Japanese economy remained on a moderate recovery path, supported by improvements in employment and income conditions. However, uncertainty about the outlook persisted amid concerns about the effects on corporate earnings of rising uncertainty in overseas economies and the ongoing appreciation of the yen.」
The disclosure describes rising uncertainty in overseas economies and the ongoing appreciation of the yen, and indicates concerns about the impact on corporate earnings. - FY2017-Q1First statedAnnual report
「During the first quarter of the current consolidated fiscal year, the Japanese economy remained on a moderate recovery path, supported by improvements in corporate earnings and the employment environment. However, uncertainty about the outlook persisted amid concerns about the effects of a slowdown in overseas economies and volatility in foreign exchange rates and stock markets.」
The disclosure identifies a slowdown in overseas economies and volatility in foreign exchange rates and stock markets as factors contributing to uncertainty in the business environment.