Rising geopolitical risks around the world
First written in FY2018-Q1. 11 of 17 entries say "Restated". Latest entry: 2026-11-02.
Yutaka Foods moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 50 of 84 companies on the "Worse" side.
5 other companies' latest entry also says "Materialised".
- FY2026-H1WorsenedAnnual report
「There are many uncertain factors, including heightened tensions in the Middle East and the impact of additional U.S. tariffs. In Japan, there are also many downside factors for the economy, such as subdued consumer purchasing appetite due to prolonged high prices and supply constraints resulting from labor shortages, and the outlook remains uncertain.」
In addition to the previous general description of geopolitical risks, heightened tensions in the Middle East and the impact of additional U.S. tariffs are identified as specific uncertain factors. - FY2025-H1RestatedAnnual report
「During the current interim accounting period, there were no new occurrences of the major risks that management recognizes as potentially having a material impact on the company's financial position, operating results or cash flows, among the matters relating to the business and accounting conditions described in the interim report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The report states that there have been no significant changes in the key risks, including geopolitical risks around the world. - FY2024-Q3RestatedAnnual report
「During the first nine months of the fiscal year, Japan’s economy continued to face an uncertain outlook. Economic activity was normalizing after the classification of COVID-19 under the Infectious Diseases Control Law was changed to Category 5, but the yen’s depreciating trend continued and global resource and raw-material prices remained high due to the situation involving Russia and Ukraine.」
Geopolitical uncertainty, including surging resource and raw material prices resulting from the situation involving Russia and Ukraine, continues to be identified. - FY2024-Q2RestatedAnnual report
「During the first six months of the fiscal year, Japan’s economy continued to face an uncertain outlook. Economic activity was normalizing after the classification of COVID-19 under the Infectious Diseases Control Law was changed to Category 5, but the yen’s depreciating trend continued and global resource and raw-material prices remained high due to the situation involving Russia and Ukraine.」
Geopolitical uncertainty, including surging resource and raw material prices resulting from the situation involving Russia and Ukraine, is identified, as in the previous quarter. - FY2023-Q3RestatedAnnual report
「However, the situation in Ukraine continues to be prolonged, while fuel and raw-material prices remain high and the yen continues to depreciate rapidly. The outlook therefore remains uncertain.」
Geopolitical uncertainty, including the prolonged situation in Ukraine, and concerns over price increases continue to be identified. - FY2023-Q2RestatedAnnual report
「During the first six months of the fiscal year, Japan’s economy was moving toward a normalization of economic activity as restrictions on personal activity were eased following progress in vaccinations. However, the outlook remains uncertain amid the rapid depreciation of the yen, soaring energy and raw-material prices resulting from the prolonged Russian invasion of Ukraine, and concerns about higher prices arising from these developments.」
Geopolitical uncertainty, including the prolonged Russian invasion of Ukraine, and concerns over the resulting price increases are identified, as in the previous quarter. - FY2023-Q1WorsenedAnnual report
「During the first three months of the fiscal year, Japan’s economy was moving toward a normalization of economic activity as restrictions on personal activity were eased following progress in vaccinations. However, the outlook remains uncertain amid the rapid depreciation of the yen, soaring energy and raw-material prices resulting from the prolonged Russian invasion of Ukraine, and concerns about higher prices arising from these developments.」
The report has moved from a general description of geopolitical risks to identifying the prolonged Russian invasion of Ukraine as a specific event, and also indicates its connection with surging energy and raw material prices. - FY2020WorsenedAnnual report
「The impact on politics and the economy is impossible to predict due to heightened tensions in the Middle East and the prolonged global spread of COVID-19.」
Heightened tensions in the Middle East have been added specifically to the discussion of geopolitical risks around the world, alongside the impact of the global spread of infectious diseases on politics and the economy. - FY2020-Q3RestatedAnnual report
「There are numerous downside risks to the global economy, including renewed recognition of geopolitical risks and volatility in U.S. financial and capital markets, and the outlook remains uncertain.」
Renewed recognition of geopolitical risks continues to be identified as a downside risk to the global economy. - FY2020-Q1ReframedAnnual report
「There are numerous downside risks to the global economy, including renewed recognition of geopolitical risks and volatility in U.S. financial and capital markets, and the outlook remains uncertain.」
The wording has changed from the previous "growing geopolitical risks around the world" to "renewed recognition of geopolitical risks," and the report states that numerous downside risks to the global economy exist. - FY2018RestatedAnnual report
「Growing geopolitical risks around the world and other factors have increased concerns about the impact on the global economy, and the outlook remains uncertain.」
Growing geopolitical risks around the world and the resulting concerns about the global economy continue to be identified. - FY2018-Q3RestatedAnnual report
「In addition, growing concern about the global economy, amid concerns about the ability of the new US administration to implement its policies, the resurgence of the UK’s EU withdrawal issue, and rising geopolitical risks around the world, has left the outlook uncertain.」
Growing geopolitical risks around the world and the resulting concerns about the global economy continue to be identified. - FY2018-Q2RestatedAnnual report
「In addition, growing concern about the global economy, amid concerns about the ability of the new US administration to implement its policies, the resurgence of the UK’s EU withdrawal issue, and rising geopolitical risks around the world, has left the outlook uncertain.」
Growing geopolitical risks around the world and the resulting concerns about the global economy continue to be identified. - FY2018-Q1First statedAnnual report
「Growing geopolitical risks around the world and other factors have increased concerns about the impact on the global economy, and the outlook remains uncertain.」
This is the first time that growing geopolitical risks around the world and the resulting concerns about the global economy have been explicitly identified as external risks.