Foreign Exchange and Equity Market Volatility and Uncertainty About the Outlook
First written in FY2017-Q1. 18 of 39 entries say "Restated". Latest entry: 2026-10-14.
Seihyo moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2020: 40 of 57 companies on the "Worse" side.
16 other companies' latest entry also says "Other".
- 2026-10-14OtherEarnings
「In addition to developments in U.S. trade policy, uncertainty surrounding resource and energy prices has increased against the backdrop of the situation in Ukraine and prolonged conflict in the Middle East.」
The Company specifically cited U.S. trade policy, the situation in Ukraine, prolonged conflict in the Middle East, and resource and energy prices as factors behind uncertainty over the outlook. - FY2027-H1RestatedAnnual report
「Meanwhile, in addition to developments in U.S. trade policy, uncertainty surrounding resource and energy prices has increased against the backdrop of the prolonged situation in Ukraine and conflicts in the Middle East. In Japan, rising prices and higher labor costs are also affecting households and corporate activity, and conditions of continued high uncertainty persist.」
We reconfirm that uncertainty remains due to U.S. trade policy, the situations in Ukraine and the Middle East, uncertainty surrounding resource and energy prices, and rising domestic prices and labor costs. - 2026-07-14RestatedEarnings
「In addition to developments in U.S. trade policy, uncertainty surrounding resource and energy prices has increased against the backdrop of the situation in Ukraine and prolonged conflict in the Middle East.」
The Company reconfirmed uncertainty surrounding U.S. trade policy, the situation in Ukraine, prolonged conflict in the Middle East, and resource and energy prices. - FY2026Trade policy, monetary tightening and the situation in the Middle East specifiedAnnual report
「On the other hand, uncertainty surrounding resource and energy prices has increased, with crude oil prices rising amid unstable international conditions, including developments in US trade policy, concerns over prolonged monetary tightening, the prolonged situation in Ukraine, and escalating conflict in the Middle East.」
Regarding uncertainty over the outlook, the disclosure cites US trade policy, prolonged monetary tightening, the situation in Ukraine, escalating conflict in the Middle East, and rising crude oil prices as specific factors. - 2026-04-10RestatedEarnings presentation
「For raw material prices and logistics costs, we have factored in a certain level of impact, to the extent currently ascertainable, based on current market conditions and trends to date, including the effects of the situation in the Middle East. The outlook, however, remains highly uncertain.」
The Company continues to cite the external environment, including the situation in the Middle East, and uncertainty over the outlook. - FY2026-H1US tariff policy and rising domestic prices were added.Annual report
「During the interim accounting period, Japan's economy remained uncertain despite continued gradual improvements in employment and income conditions, due to the impact of the US administration's tariff policies, geopolitical risks in Ukraine and the Middle East, and the prolonged rise in domestic prices.」
As uncertainty over the outlook persists, the disclosure cites the US administration's tariff policies, geopolitical risks in Ukraine and the Middle East, and the prolonged rise in domestic prices as specific factors. - FY2025-H1RestatedAnnual report
「However, the outlook remains uncertain due to unstable international conditions, including sharp foreign exchange fluctuations and the prolonged situations in Ukraine and the Middle East.」
The disclosure continues to cite uncertainty over the outlook due to sharp foreign exchange fluctuations and the prolonged situations in Ukraine and the Middle East. - FY2025-Q1RestatedAnnual report
「However, the outlook remains uncertain due to unstable international conditions, including sharp foreign exchange fluctuations and the prolonged situations in Ukraine and the Middle East.」
The disclosure continues to cite uncertainty over the outlook due to sharp foreign exchange fluctuations and the prolonged situations in Ukraine and the Middle East. - FY2024RestatedAnnual report
「However, the outlook remains uncertain due to unstable international conditions, including sharp foreign exchange fluctuations, the impact of global monetary tightening, the prolonged situation in Ukraine, and rising geopolitical risks in the Middle East.」
The annual report reconfirms uncertainty over the outlook due to foreign exchange fluctuations, global monetary tightening, the situation in Ukraine, and geopolitical risks in the Middle East. - FY2024-Q3Global monetary tightening and geopolitical risks in the Middle East were added.Annual report
「During the cumulative third quarter, economic activity showed a gradual recovery as COVID-19 was reclassified as a Class 5 infectious disease. However, the outlook remained uncertain due to unstable international conditions, including sharp foreign exchange fluctuations, the impact of global monetary tightening, the prolonged situation in Ukraine, and rising geopolitical risks in the Middle East.」
As uncertainty over the outlook persists, the disclosure newly specifies the impact of global monetary tightening and rising geopolitical risks in the Middle East, in addition to the previously identified foreign exchange fluctuations and situation in Ukraine. - FY2024-Q2RestatedAnnual report
「However, the outlook remains uncertain due to unstable international conditions, including sharp foreign exchange fluctuations and the prolonged situation in Ukraine.」
The disclosure continues to cite uncertainty over the outlook due to sharp foreign exchange fluctuations and the prolonged situation in Ukraine. - FY2024-Q1RestatedAnnual report
「However, the outlook remains uncertain due to unstable international conditions, including sharp foreign exchange fluctuations and the prolonged situation in Ukraine.」
The disclosure continues to cite uncertainty over the outlook due to sharp foreign exchange fluctuations and the prolonged situation in Ukraine. - FY2023International conditions and surging resource prices were specified.Annual report
「During the fiscal year, signs of recovery emerged as social and economic activity proceeded alongside the renewed spread of COVID-19. However, the outlook remained uncertain due to the prolonged Russia-Ukraine situation and surging resource prices resulting from it.」
The disclosure specifically cites the prolonged Russia-Ukraine situation and the resulting surge in resource prices as factors contributing to uncertainty over the outlook. - FY2023-Q3RestatedAnnual report
「On the other hand, the outlook remains uncertain due to unstable conditions in Japan and overseas, including volatile foreign exchange markets and the prolonged Russian invasion of Ukraine.」
The disclosure continues to cite sharp foreign exchange fluctuations and the prolonged Russian invasion of Ukraine as factors contributing to uncertainty over the outlook. No explicit quantification is provided. - FY2023-Q2Currency market volatility and the prolonged situation in Ukraine were carried forward.Annual report
「On the other hand, the outlook remains uncertain due to unstable conditions in Japan and overseas, including volatile foreign exchange markets and the prolonged situation in Ukraine.」
The disclosure specifically cites sharp foreign exchange fluctuations and the prolonged situation in Ukraine as factors contributing to uncertainty over the outlook. - FY2023-Q1The weaker yen, the situation in Ukraine, and China's lockdowns were specified.Annual report
「However, unstable international conditions, including sharp fluctuations in foreign exchange rates due to the rapid depreciation of the yen, the prolonged situation in Ukraine, and China's lockdowns, have left the outlook uncertain.」
The disclosure newly specifies sharp foreign exchange fluctuations caused by the rapid depreciation of the yen, the prolonged situation in Ukraine, and China's lockdowns as factors contributing to uncertainty over the outlook. - FY2022WorsenedAnnual report
「During the fiscal year, measures including declarations of a state of emergency were issued intermittently due to the spread of COVID-19, causing economic activity to stagnate each time. Uncertainty over the outlook for corporate activity and performance persisted, and concerns arose over worsening employment and income conditions.」
Instead of the signs of recovery following the lifting of the state of emergency noted in the previous quarter, the annual disclosure cites the intermittent issuance of declarations and other measures, stagnation in economic activity, and concerns over worsening employment and income conditions. - FY2022-Q3The lifting of the state of emergency and signs of an economic recovery were noted.Annual report
「During the cumulative third quarter, Japan's economy remained in a difficult situation due to the impact of COVID-19. However, with all states of emergency lifted by the end of September 2021, signs of a gradual recovery emerged.」
While the impact of COVID-19 continues, the disclosure notes that all states of emergency were lifted and that signs of a gradual recovery emerged. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter, the renewed spread of COVID-19 led to the declaration of a state of emergency and the implementation of priority preventive measures in some regions. Restrictions on the movement of people weakened economic activity, and uncertainty over the outlook persisted.」
The disclosure continues to cite uncertainty over the outlook due to the renewed spread of infections, declarations of a state of emergency and other measures, restrictions on the movement of people, and declining economic activity. - FY2022-Q1The decline in economic activity due to the renewed spread of infections and emergency measures was specified.Annual report
「During the cumulative first quarter, the renewed spread of COVID-19 led to the declaration of a state of emergency and the implementation of priority preventive measures in some regions. Restrictions on the movement of people weakened economic activity, and uncertainty over the outlook persisted.」
The renewed spread of COVID-19, declarations of a state of emergency and other measures, restrictions on the movement of people, and declining economic activity were specified as factors contributing to uncertainty over the outlook. - FY2021Uncertainty in the economy due to COVID-19 was specified.Annual report
「During the fiscal year, Japan's economy was affected by the spread of COVID-19. Corporate performance deteriorated rapidly, employment and income conditions became unstable, and the economic outlook remained uncertain.」
In addition to the previously identified uncertainties in overseas economies and other areas, the disclosure specifies the rapid deterioration in corporate performance and the destabilization of employment and income conditions caused by the spread of COVID-19 as economic risks for the year. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter, Japan's economy deteriorated rapidly as economic activity stagnated or contracted due to the spread of COVID-19, and the outlook remained uncertain.」
The disclosure continues to cite the stagnation and contraction of economic activity and deterioration in economic conditions caused by the spread of COVID-19, as well as uncertainty over the outlook. - FY2021-Q2WorsenedAnnual report
「During the cumulative second quarter, Japan's economy deteriorated rapidly as economic activity stagnated or contracted due to the spread of COVID-19, and the outlook remained uncertain.」
The disclosure provides greater detail on the continued stagnation and contraction of economic activity and rapid deterioration in economic conditions due to the spread of COVID-19, as well as uncertainty over the outlook. - FY2021-Q1MaterialisedAnnual report
「During the cumulative first-quarter period, Japan's economy was significantly depressed by the spread of COVID-19, leaving the outlook uncertain.」
The spread of COVID-19, previously identified as a risk, has in fact emerged as an event exerting significant downward pressure on the domestic economy. - FY2020Natural disasters, US-China trade friction, and the spread of COVID-19 were added.Annual report
「However, concerns remain over the impact on domestic and overseas economies of natural disasters occurring in various regions, the US-China trade dispute, and the spread of COVID-19, among other factors, and the outlook remains uncertain.」
In addition to the previously identified overseas political and economic uncertainties, natural disasters, US-China trade friction, and the spread of COVID-19 were explicitly identified as factors contributing to uncertainty over the economic outlook. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter, Japan's economy remained in an uncertain situation, with signs of an economic slowdown due to unstable international conditions. Concerns arose over weaker corporate earnings and a lack of momentum in capital investment as the Chinese economy slowed amid US-China trade friction.」
The disclosure continues to cite uncertainty over the outlook associated with US-China trade friction, the slowdown in the Chinese economy, and their impact on corporate earnings and capital investment. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter, Japan's economy remained in an uncertain situation, with signs of an economic slowdown due to unstable international conditions. Concerns arose over weaker corporate earnings and a lack of momentum in capital investment as the Chinese economy slowed amid US-China trade friction.」
The disclosure continues to cite uncertainty over the outlook associated with US-China trade friction, the slowdown in the Chinese economy, and their impact on corporate earnings and capital investment. - FY2020-Q1The slowdown in the global economy and US-China trade friction were specified.Annual report
「During the cumulative first quarter, Japan's economy maintained positive growth, but exports and capital investment remained sluggish amid the global economic slowdown and uncertainty over US-China trade friction. The economy remained in a situation where the outlook for the global economy lacked strength due to unstable international conditions.」
Regarding uncertainty over the outlook, the disclosure specifically cites, in addition to the previously identified overseas political and economic uncertainties, the global economic slowdown, US-China trade friction, and sluggish exports and capital investment. - FY2019Natural disasters and instability in overseas political and economic conditions were explicitly identified.Annual report
「During the fiscal year, Japan's economy remained on a gradual recovery track. Although concerns arose over increased risks stemming from the successive occurrence of natural disasters and the persistent instability of overseas political and economic conditions, corporate earnings and employment conditions improved markedly.」
Regarding uncertainty over the economic outlook, the disclosure now cites, in addition to the previously identified overseas political and economic factors, increased risks from successive natural disasters and overseas conditions. - FY2019-Q3RestatedAnnual report
「During the cumulative first 9 months of the fiscal year, the Japanese economy remained on a gradual recovery trend, supported by improving corporate earnings and a marked improvement in employment conditions. However, concerns over trade friction caused by protectionist policies in the United States left the economic outlook uncertain.」
The outlook remains uncertain due to concerns over US protectionist policies and trade friction. - FY2019-Q2US protectionism and trade friction specifiedAnnual report
「During the cumulative first 6 months of the fiscal year, the Japanese economy remained on a gradual recovery trend, supported by improving corporate earnings and a marked improvement in employment conditions. However, concerns over trade friction caused by protectionist policies in the United States left the economic outlook uncertain.」
The company continued to specify US protectionist policies and concerns over trade friction as factors contributing to uncertainty over the outlook. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, the Japanese economy remained on a gradual recovery trend, supported by improving corporate earnings and a marked improvement in employment conditions. However, the outlook for the economy remained uncertain due to overseas political conditions and economic uncertainty.」
The company continued to cite uncertainty over the economic outlook due to overseas political conditions and economic uncertainty. - FY2018-Q3RestatedAnnual report
「During the cumulative first 9 months of the fiscal year, the Japanese economy remained on a gradual recovery trend, supported by improvements in corporate earnings and employment and income conditions. However, the outlook remained uncertain due to heightened political and economic uncertainty overseas and rising geopolitical risks.」
The company continued to cite uncertainty over the outlook due to overseas political and economic uncertainty and geopolitical risks. - FY2018-Q2Uncertainty factors specified as political, economic and geopolitical risksAnnual report
「During the cumulative first 6 months of the fiscal year, the Japanese economy remained on a gradual recovery trend, supported by improvements in corporate earnings and employment and income conditions. However, the outlook remained uncertain due to heightened political and economic uncertainty overseas and rising geopolitical risks.」
The company specified that uncertainty over the outlook continued, citing overseas political and economic uncertainty as well as heightened geopolitical risks. - FY2018-Q1Emerging-market slowdown and policies of the new US administration specified as factors of concernAnnual report
「The outlook for the economy remains uncertain due to concerns over slower economic growth in emerging markets and the future policies of the new US administration.」
The economic outlook remains uncertain, with slower growth in emerging-market economies and concerns over the policies of the new US administration cited as factors. - FY2017RestatedAnnual report
「During the fiscal year from 1 March 2016 to 28 February 2017, the Japanese economy remained on a gradual recovery trend, supported by continued government economic and monetary easing policies, improvements in employment and income conditions, and the effects of various policies. However, the outlook remained uncertain due in part to uncertainty in overseas economies.」
The company continued to cite uncertainty over the outlook due to uncertainty in overseas economies, including for the full fiscal year. - FY2017-Q3RestatedAnnual report
「During the cumulative first 9 months of the fiscal year, the Japanese economy remained on a gradual recovery trend, supported by continued improvements in employment and income conditions and the effects of various government policies. However, the outlook remained uncertain due to downturns in the Chinese and emerging Asian economies and the impact of the UK's EU withdrawal issue.」
The company continued to cite uncertainty over the outlook due to downturns in the Chinese and emerging Asian economies and the UK's EU withdrawal issue. - FY2017-Q2RestatedAnnual report
「The outlook remains uncertain amid concerns over downturns in China and other emerging Asian and resource-exporting economies, the UK's withdrawal from the EU and the potential impact on financial and capital markets.」
The company continued to cite downturns in overseas economies, the UK's EU withdrawal issue and the potential impact on financial and capital markets as external risks contributing to uncertainty. - FY2017-Q1First statedAnnual report
「Although corporate earnings, employment and income conditions continued to improve and the economy remained on a gradual recovery trend, personal consumption stagnated amid substantial volatility in foreign exchange rates and equity markets and an uncertain outlook.」
Identifies significant foreign exchange and equity market volatility, together with sluggish personal consumption, as external conditions during the quarter.