Overseas Economic Slowdown and Uncertainty in the Economic Outlook
First written in FY2017-Q2. 12 of 29 entries say "Restated". Latest entry: 2026-07-31.
Toyo Suisan moved to the "Worse" side of this theme in 2018, 1 year 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".
- 2026-07-31RestatedEarnings
「Looking ahead, a gradual recovery is expected to continue as employment and income conditions improve and the effects of various policies take hold. However, it will be necessary to closely monitor the impact of tensions in the Middle East, U.S. policy developments and volatility in financial and capital markets.」
The company continues to expect a gradual economic recovery while monitoring tensions in the Middle East, U.S. policy developments and volatility in financial and capital markets. - FY2026WorsenedAnnual report
「Looking ahead, a gradual recovery is expected to continue as employment and income conditions improve and the effects of various policies take hold. However, it will be necessary to closely monitor the impact of tensions in the Middle East, U.S. policy developments and volatility in financial and capital markets.」
In addition to the previous concerns regarding US policies and the financial markets, the situation in the Middle East was explicitly identified as a factor contributing to uncertainty over the economic outlook. - 2026-05-22WorsenedGovernance
「Against a backdrop of an uncertain global environment and tensions in the Middle East, the sharp depreciation of the yen has been compounded by soaring fuel prices, and disruptions have already arisen throughout our group's supply chain. We are also concerned that these conditions may become prolonged and more severe.」
In addition to economic and policy trends, tensions in the Middle East and the uncertain global environment are specifically identified as concerns affecting the business environment. - FY2026-H1RestatedAnnual report
「During the interim consolidated fiscal year under review, Japan's economy was gradually recovering, but uncertainty was evident due to US trade policies and other factors. Looking ahead, a continued gradual recovery is expected as employment and income conditions improve, supported by the effects of various policies. However, it is necessary to closely monitor the impact of rising prices, developments in US policies and volatility in the financial and capital markets.」
While anticipating a gradual recovery in the economy, the company continues to identify US trade policies and other policy developments, rising prices and volatility in the financial and capital markets as factors causing uncertainty and requiring close monitoring. - FY2025ReframedAnnual report
「Looking ahead, a continued gradual recovery is expected as employment and income conditions improve, supported by the effects of various policies. However, it is necessary to closely monitor the impact of rising prices, developments in US policies and volatility in the financial and capital markets.」
The focus of the economic assessment shifted from uncertainty centered on COVID-19 to an economic environment requiring close monitoring of rising prices, US policy developments and volatility in the financial and capital markets. - FY2024-Q3RestatedAnnual report
「During the first nine months of the consolidated fiscal year under review, Japan's economy was gradually recovering from the impact of COVID-19. Looking ahead, a continued gradual recovery is expected as employment and income conditions improve, supported by the effects of various policies. However, it is necessary to closely monitor the impact of rising prices and volatility in the financial and capital markets.」
While anticipating a gradual recovery in the economy, the company continues to identify rising prices and volatility in the financial and capital markets as factors requiring close monitoring. - FY2024-Q2RestatedAnnual report
「During the first six months of the consolidated fiscal year under review, Japan's economy was gradually recovering from the impact of COVID-19. Looking ahead, a continued gradual recovery is expected as employment and income conditions improve, supported by the effects of various policies. However, it is necessary to closely monitor the impact of rising prices and volatility in the financial and capital markets.」
While anticipating a gradual recovery in the economy, the company continues to identify rising prices and volatility in the financial and capital markets as factors requiring close monitoring. - FY2024-Q1SoftenedAnnual report
「During the first three months of the consolidated fiscal year under review, Japan's economy was gradually recovering from the impact of COVID-19. Looking ahead, a continued gradual recovery is expected as employment and income conditions improve, supported by the effects of various policies. However, it is necessary to closely monitor the impact of rising prices and volatility in the financial and capital markets.」
The economy was described as gradually recovering from the impact of COVID-19, and improvement in employment and income conditions was also disclosed. Meanwhile, rising prices and volatility in the financial and capital markets continue to be identified as factors requiring close monitoring. - FY2023-Q3RestatedAnnual report
「During the first nine months of the consolidated fiscal year under review, Japan's economy remained in a difficult situation due to the impact of COVID-19. Looking ahead, a recovery is expected under the conditions of living with COVID-19, supported by the effects of various policies. However, it is necessary to closely monitor the impact of rising prices, supply-side constraints and volatility in the financial and capital markets.」
The company continues to monitor closely the difficult economic situation caused by the impact of infectious diseases, rising prices, supply-side constraints and volatility in the financial and capital markets. - FY2023-Q2WorsenedAnnual report
「During the first six months of the consolidated fiscal year under review, Japan's economy remained in a difficult situation due to the impact of COVID-19. Looking ahead, a recovery is expected as the transition to a new phase of living with COVID-19 progresses, supported by the effects of various policies. However, it is necessary to closely monitor the impact of rising prices, supply-side constraints and volatility in the financial and capital markets.」
In addition to the previous concerns regarding infectious diseases and the financial and capital markets, rising prices and supply-side constraints were explicitly identified as factors requiring close monitoring in the outlook. - FY2023-Q1SoftenedAnnual report
「During the first three months of the consolidated fiscal year under review, Japan's economy remained in a difficult situation due to the impact of COVID-19. Looking ahead, a recovery is expected as socioeconomic activity moves toward normalization while thorough infection-control measures are taken, supported by the effects of various policies. However, it is necessary to closely monitor the impact of the situation in Ukraine and infectious diseases on the domestic and overseas economies, as well as the impact of volatility in the financial and capital markets.」
Although the economy remained in a difficult situation, the company expressed expectations for the normalization of socioeconomic activity and a recovery. Meanwhile, it continues to monitor the situation in Ukraine, infectious diseases and volatility in the financial and capital markets closely. - FY2022WorsenedAnnual report
「Due to the spread of COVID-19 and the situation in Ukraine, the outlook for the overall economy from the following consolidated fiscal year onward remains uncertain.」
In addition to the previous concerns regarding infectious diseases and the financial and capital markets, the situation in Ukraine was newly identified as a factor contributing to uncertainty over the economic outlook. Meanwhile, the company stated that the impact on the Group was minor at that point. - FY2022-Q3SoftenedAnnual report
「During the first nine months of the consolidated fiscal year under review, the difficult economic situation caused by the impact of COVID-19 gradually eased, and signs of a recovery emerged. Looking ahead, a continued recovery is expected as socioeconomic activity moves toward normalization, supported by the effects of various policies and improvements in the overseas economy. However, it is necessary to closely monitor the risk that a renewed spread of infection could affect socioeconomic activity and cause a downturn in the domestic and overseas economies, as well as the impact of volatility in the financial and capital markets.」
The description of the economic situation changed from the difficult conditions reported through the previous quarter to a gradual easing of those conditions and signs of a recovery. Meanwhile, a renewed spread of infection and volatility in the financial and capital markets continue to be identified as downside risks. - FY2022-Q2SoftenedAnnual report
「During the first six months of the consolidated fiscal year under review, Japan's economy remained in a difficult situation due to the impact of COVID-19. Looking ahead, a recovery is expected as vaccinations are promoted and the level of socioeconomic activity is gradually raised while measures are taken to prevent the spread of infection, supported by the effects of various policies, but it is necessary to closely monitor developments in infectious diseases in Japan and overseas and volatility in the financial and capital markets.」
The description of the economic situation was softened from the previous quarter's "extremely difficult situation" to "remained in a difficult situation," while expectations for a recovery supported by vaccinations and the restoration of socioeconomic activity continued. Meanwhile, caution regarding infectious diseases and the financial and capital markets remains. - FY2022-Q1Addition of vaccinations as a recovery factorAnnual report
「During the first three months of the consolidated fiscal year under review, Japan's economy was in an extremely difficult situation due to the impact of COVID-19. Looking ahead, a recovery is expected as vaccinations are promoted and the level of socioeconomic activity is gradually raised while measures are taken to prevent the spread of infection, but it is necessary to closely monitor developments in infectious diseases in Japan and overseas and volatility in the financial and capital markets.」
While maintaining the view that the economy is in an extremely difficult situation and continuing to monitor infectious diseases and the financial and capital markets closely, the company added the promotion of vaccinations as a recovery factor. - FY2021RestatedAnnual report
「During the consolidated fiscal year under review, Japan's economy remained in a difficult situation due to the impact of COVID-19. Looking ahead, it is necessary to closely monitor the impact of developments in infections on the domestic and overseas economies and the impact of volatility in the financial and capital markets.」
The company continues to describe the difficult economic situation caused by COVID-19 and uncertainty over the outlook arising from developments in infections and volatility in the financial and capital markets. - FY2021-Q3WorsenedAnnual report
「During the first nine months of the consolidated fiscal year under review, Japan's economy remained in a difficult situation due to the impact of COVID-19. In addition, uncertainty continued, including the reissuance of a state of emergency in designated areas after the beginning of the year. Looking ahead, a continued recovery is expected, supported by the effects of various policies and improvements in the overseas economy as measures are taken to prevent the spread of infection. However, it is necessary to closely monitor the risk that the impact of the spread of infection on socioeconomic activity could cause a downturn in the domestic and overseas economies, as well as the impact of volatility in the financial and capital markets.」
The economy remained in a difficult situation due to the impact of COVID-19, and the reissuance of a state of emergency after the beginning of the year and the risk of a downturn in socioeconomic activity were explicitly identified. - FY2021-Q2SoftenedAnnual report
「During the first six months of the consolidated fiscal year under review, Japan's economy remained in a difficult situation due to the impact of COVID-19. Looking ahead, a continued recovery is expected as the level of socioeconomic activity is raised while measures are taken to prevent the spread of infection, supported by the effects of various policies and improvements in the overseas economy, but it is necessary to closely monitor developments in infectious diseases in Japan and overseas and volatility in the financial and capital markets.」
Although the economic situation remained difficult, the wording was softened from the previous quarter's "extremely difficult situation," and expectations for a recovery supported by the effects of policies and improvements in the overseas economy were added. Meanwhile, infectious diseases and volatility in the financial and capital markets continue to require close monitoring. - FY2021-Q1WorsenedAnnual report
「During the first three months of the consolidated fiscal year under review, Japan's economy was in an extremely difficult situation due to the impact of COVID-19. Looking ahead, a recovery is expected as the level of socioeconomic activity is gradually raised while measures are taken to prevent the spread of infection, but it is necessary to closely monitor developments in infectious diseases in Japan and overseas and volatility in the financial and capital markets.」
In addition to the previously disclosed trade issues and uncertainty over the overseas economy, the domestic economy was described as being in an "extremely difficult situation" due to COVID-19, and the company stated that developments in infectious diseases and volatility in the financial and capital markets required close monitoring. - FY2020-Q3WorsenedAnnual report
「During the first nine months of the consolidated fiscal year under review, Japan's economy remained on a gradual recovery track, supported by the effects of various policies and continued improvement in employment and income conditions, although exports remained weak and weakness intensified, particularly in the manufacturing sector. However, risks of a downturn in economic activity remain due to trade issues, developments in the overseas economy, volatility in the financial and capital markets, and consumer sentiment following the consumption tax rate increase.」
In addition to trade issues, the overseas economy and volatility in the financial and capital markets, consumer sentiment following the consumption tax rate increase was explicitly identified as a factor that could cause an economic downturn. The company also stated that weakness had intensified, particularly in the manufacturing sector. - FY2020-Q2WorsenedAnnual report
「During the first six months of the consolidated fiscal year under review, Japan's economy remained on a gradual recovery track, supported by the effects of various policies and continued improvement in employment and income conditions, although weakness continued, particularly in exports. However, risks of a downturn in economic activity remain due to the impact of rising tensions surrounding trade issues on the global economy, uncertainty over the overseas economy and volatility in the financial and capital markets.」
In addition to the previously disclosed impact of trade issues, the increasing tensions surrounding trade issues were explicitly identified, strengthening the wording regarding their impact on the global economy and the risk of an economic downturn. - FY2020-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year under review, Japan's economy remained on a gradual recovery track, supported by the effects of various policies and continued improvement in employment and income conditions, although exports and production remained weak. However, risks of a downturn in economic activity remain due to the impact of developments in trade issues on the global economy, uncertainty over the overseas economy and volatility in the financial and capital markets.」
While describing the gradual recovery of the domestic economy, the company continues to indicate the risk of an economic downturn arising from trade issues, uncertainty over the overseas economy and volatility in the financial and capital markets. - FY2019-Q3RestatedAnnual report
「During the first nine months of the consolidated fiscal year under review, Japan's economy remained on a gradual recovery track, supported by the effects of various policies and continued improvement in employment and income conditions. However, risks of a downturn in economic activity remain due to the impact of developments in trade issues on the global economy, uncertainty over the overseas economy and volatility in the financial and capital markets.」
While describing the gradual recovery of the domestic economy, the company continues to indicate the risk of an economic downturn arising from trade issues, uncertainty over the overseas economy and volatility in the financial and capital markets. - FY2019-Q2WorsenedAnnual report
「During the first six months of the consolidated fiscal year under review, Japan's economy remained on a gradual recovery track, supported by the effects of various policies and continued improvement in employment and income conditions. However, risks of a downturn in economic activity remain due to the impact of developments in trade issues on the global economy, uncertainty over the overseas economy and volatility in the financial and capital markets. It is also necessary to monitor the economic impact of the successive natural disasters.」
In addition to the previously disclosed uncertainty over the overseas economy and volatility in the financial and capital markets, the impact of trade issues on the global economy and the successive natural disasters were explicitly identified as factors that could cause an economic downturn. - FY2019-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year under review, Japan's economy remained on a gradual recovery track, supported by the effects of various policies and continued improvement in employment and income conditions. However, risks of a downturn in economic activity remain due to uncertainty in overseas economies, including China and other emerging Asian economies, and volatility in the financial and capital markets.」
While describing the recovery trend in the domestic economy, the company continues to indicate the risk of an economic downturn arising from uncertainty in overseas economies, including China and other emerging Asian economies, and volatility in the financial and capital markets. - FY2018-Q2RestatedAnnual report
「During the first six months of the consolidated fiscal year under review, Japan's economy remained on a gradual recovery track, but uncertainty over the overseas economy increased due to slowing economic growth, particularly in emerging Asian economies, and the economic outlook remained uncertain.」
The company continues to disclose slowing economic growth, particularly in emerging Asian economies, uncertainty over the overseas economy and an uncertain economic outlook. - FY2017RestatedAnnual report
「Uncertainty over the overseas economy has increased due to slowing economic growth, particularly in emerging Asian economies, and the issue of the UK's withdrawal from the EU, among other factors, and the economic outlook remains uncertain.」
The company continues to disclose uncertainty arising from slowing growth in the overseas economy, the UK's withdrawal from the EU and volatility in the financial and capital markets. - FY2017-Q3RestatedAnnual report
「Uncertainty over the overseas economy has increased due to slowing economic growth, particularly in emerging Asian economies, and the issue of the UK's withdrawal from the EU, among other factors, and the economic outlook remains uncertain.」
Uncertainty over the overseas economy and the economic outlook, stemming from slowing growth in emerging Asian economies and the UK's withdrawal from the EU, continues. - FY2017-Q2First statedAnnual report
「Uncertainty over the overseas economy has increased due to slowing economic growth, particularly in emerging Asian economies, and the issue of the UK's withdrawal from the EU, among other factors, and the economic outlook remains uncertain.」
The company has disclosed, for the first time, uncertainty over the overseas economy and the economic outlook as business-environment risks, against the backdrop of slowing growth in emerging Asian economies and the UK's withdrawal from the EU.