Brexit, slowing growth in emerging economies, and overseas economic uncertainty under the new U.S. administration
First written in FY2017-Q3. 14 of 27 entries say "Restated". Latest entry: 2026-11-09.
Ifuji Sangyo moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 50 of 60 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2026WorsenedAnnual report
「The outlook remained uncertain as heightened geopolitical tensions in the Middle East against the backdrop of the situation in Iran caused energy prices and supply to remain unstable.」
Regarding overseas economic and geopolitical risks, identifies tensions in the Middle East against the backdrop of the situation in Iran and instability in energy prices and supply as new specific factors. - 2026-05-29WorsenedGeneral Meeting of Shareholders
「イラン情勢を背景とした中東地域の地政学的緊張の高まりにより、エネルギー価格及び供給が不安定に推移するなど、先行き不透明な状況が続きました。」
中東地域の地政学的緊張を、エネルギー価格・供給の不安定化に結び付く不確実性要因として記載した。 - FY2025WorsenedAnnual report
「During the fiscal year, the outlook for the economy required close monitoring owing to rising prices caused by inflation, declining disposable income, or take-home pay, resulting from higher taxes and social insurance premiums, population decline and the resulting labor shortages, and the impact of the new U.S. administration’s economic policies, although companies were working to raise wages.」
Identifies inflation, higher taxes and social insurance premiums, population decline and labor shortages, and the impact of the new U.S. administration’s economic policies as new sources of uncertainty. - FY2025-H1WorsenedAnnual report
「The outlook for the economy requires close monitoring because of concerns over an economic slowdown overseas resulting from population decline (labor shortages), the unstable situation in the Middle East, and concerns over the outlook for China’s economy.」
In addition to the previously identified weaker yen and global situation, newly explicitly identifies instability in the Middle East and concerns over a slowdown in overseas economies accompanying concerns over the outlook for China’s economy. - FY2024-Q3RestatedAnnual report
「During the first nine months of the current fiscal year, the economy was on a gradual recovery path owing to improvements in the employment and income environment, but the outlook requires close monitoring because of rising resource prices and prices resulting from the unstable global situation and the weaker yen, among other factors.」
While noting the gradual economic recovery, continues to recognize the need to closely monitor the outlook owing to the unstable global situation, the weaker yen, and rising resource prices and prices. - FY2024-Q2RestatedAnnual report
「During the first six months of the current fiscal year, the economy was on a gradual recovery path owing to improvements in the employment and income environment, but the outlook requires close monitoring because of the impact of higher prices resulting from higher raw material and energy prices accompanying the weaker yen and the prolonged Ukraine issue, among other factors.」
While the economy is gradually recovering, continues to state that the outlook is uncertain owing to the weaker yen, the prolonged Ukraine issue, and higher raw material and energy prices. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, the economy was on a gradual recovery path owing to improvements in the employment and income environment, but the outlook requires close monitoring because of rising prices resulting from higher raw material and energy prices accompanying the weaker yen and the prolonged Ukraine issue, among other factors.」
While noting the gradual economic recovery, continues to state that the outlook is uncertain owing to the weaker yen, the prolonged Ukraine issue, and higher raw material and energy prices. - FY2023-Q3WorsenedAnnual report
「During the first nine months of the current fiscal year, economic and social activity was moving toward normalization through various infection-control measures while vigilance continued over a renewed spread of COVID-19. However, prices rose owing to higher raw material and energy prices accompanying the weaker yen and the prolonged Ukraine issue, and uncertainty over the economic outlook continued.」
Identifies the weaker yen, the prolonged Ukraine issue, and rising prices resulting from higher raw material and energy prices as new factors contributing to uncertainty. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the current fiscal year, Japan’s economy showed signs of recovery in personal consumption as the spread of COVID-19 subsided owing to the effectiveness of various infection-control measures and economic and social activity began gradually returning to normal; however, inflationary pressure intensified owing to the weaker yen, the prolonged Ukraine issue, and the impact of restrictions on economic activity under China’s zero-COVID policy, increasing uncertainty over the economic outlook.」
Regarding overseas and economic uncertainty, identifies the weaker yen, the prolonged Ukraine issue, restrictions on economic activity under China’s zero-COVID policy, and intensifying inflationary pressure as new factors, and explains that uncertainty over the economic outlook has increased. - FY2022WorsenedAnnual report
「During the fiscal year, inflationary pressure intensified owing to the spread of the Omicron variant of COVID-19 and higher crude oil prices against the backdrop of the Ukraine crisis, increasing uncertainty over the economic outlook.」
Regarding overseas and economic uncertainty, identifies the Omicron variant, the Ukraine crisis, higher crude oil prices, and intensifying inflationary pressure as new factors. - FY2022-Q3MitigatedAnnual report
「During the first nine months of the current fiscal year, as the spread of COVID-19 subsided owing to the effectiveness of various infection-control measures and progress in vaccinations and economic and social activity began gradually returning to normal, personal consumption showed signs of recovery and the situation began to show gradual signs of improvement.」
Explains that the spread of infections subsided and that personal consumption showed signs of recovery as vaccinations progressed and economic and social activity returned to normal, indicating signs of improvement from the extremely challenging economic environment in the previous quarter. - FY2022-Q2WorsenedAnnual report
「During the first six months of the current fiscal year, Japan’s economy remained challenging for corporate performance as economic activity was restricted by states of emergency and quasi-emergency measures to prevent the spread of COVID-19, although some industries showed signs of recovery.」
States that economic activity was restricted by states of emergency and other measures and that corporate performance remained challenging, indicating that the uncertain and difficult economic environment has continued from the previous quarter. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, Japan’s economy showed signs of recovery, including increased exports owing to improvements in overseas economies, but economic activity was restricted by states of emergency and quasi-emergency measures to prevent the spread of COVID-19, causing the recovery in personal consumption and corporate performance to slow. Although COVID-19 vaccinations had begun, the outlook remained uncertain because the end of the pandemic could not be foreseen owing to the spread of variants and other factors.」
Explains that, although improvements in overseas economies have supported a recovery, the outlook remains uncertain owing to restrictions on economic activity under states of emergency and other measures and the spread of variants. - FY2021RestatedAnnual report
「Japan’s economy during the fiscal year remained in a challenging situation owing to the spread of COVID-19, but economic activity gradually resumed after the state of emergency was lifted and showed signs of recovery; however, the outlook became uncertain as infections spread again.」
While noting the spread of infections and signs of recovery following the resumption of economic activity, continues to identify the economic outlook as uncertain owing to the renewed spread of infections. - FY2021-Q3RestatedAnnual report
「During the first nine months of the current fiscal year, Japan’s economy remained in a challenging situation owing to the spread of COVID-19, but economic activity gradually resumed after the state of emergency was lifted and showed signs of recovery; however, the outlook became uncertain as infections spread again.」
While noting signs of recovery following the resumption of economic activity after the spread of infections, continues to state that the outlook is uncertain owing to the renewed spread of infections. - FY2021-Q2WorsenedAnnual report
「During the first six months of the current fiscal year, Japan’s economy remained in an extremely challenging situation as the continued spread of COVID-19 caused economic activity in Japan and overseas to stagnate and contract.」
States that economic activity in Japan and overseas, including the overseas economy, has stagnated and contracted owing to the spread of COVID-19, and that the extremely challenging situation continues. - FY2020-Q3RestatedAnnual report
「During the first nine months of the current fiscal year, Japan’s economy remained uncertain, owing to growing consumer thrift resulting from concerns over global trade friction and the consumption tax rate increase, as well as Japan’s declining population.」
Explains that uncertainty in the economic environment, including concerns over global trade friction, continues, and continues to identify uncertainty in overseas and economic conditions. - FY2020-Q2RestatedAnnual report
「Japan’s economy during the first six months of the current fiscal year showed improvements in corporate performance and a gradual recovery in the employment environment, but became uncertain as consumers grew more thrift-conscious owing to concerns over global trade friction and rising prices, among other factors.」
Continues to identify concerns over global trade friction and consumer thrift resulting from higher prices as factors contributing to uncertainty in the economic environment. - FY2020-Q1WorsenedAnnual report
「Japan’s economy during the first quarter of the current fiscal year showed signs of recovery, including increased exports owing to improvements in overseas economies, but became uncertain as consumers grew more thrift-conscious owing to concerns over global trade friction and rising prices, among other factors.」
Regarding overseas economic uncertainty, identifies concerns over global trade friction as a new factor and explains that the economic environment has become uncertain. - FY2018RestatedAnnual report
「Japan’s economy during the fiscal year remained on a gradual recovery path, with improvements in corporate performance and the employment environment, but the outlook remained uncertain owing to political and economic instability overseas and heightened geopolitical risks.」
Continues to identify political and economic instability overseas and heightened geopolitical risks as factors contributing to an uncertain outlook. - FY2018-Q3RestatedAnnual report
「Japan’s economy during the first nine months of the current fiscal year remained on a gradual recovery path, with improvements in corporate performance and the employment environment, but the outlook remained uncertain owing to political and economic instability overseas and heightened geopolitical risks.」
Continues to identify political and economic instability overseas and heightened geopolitical risks as factors contributing to an uncertain outlook. No further expansion of the risk factors identified in the previous quarter is stated. - FY2018-Q2WorsenedAnnual report
「Japan’s economy during the first six months of the current fiscal year remained on a gradual recovery path, with improvements in corporate performance and the employment environment, but the outlook remained uncertain owing to slower economic growth in China and emerging economies, political instability overseas, and heightened geopolitical risks.」
Regarding overseas economic uncertainty, identifies political instability overseas and heightened geopolitical risks, in addition to slower growth in China and emerging economies, as new factors. - FY2018-Q1RestatedAnnual report
「Japan’s economy during the first quarter of the current fiscal year remained on a gradual recovery path, with improvements in corporate performance and the employment environment, but uncertainty in overseas economic trends increased owing to slower economic growth in China and emerging economies and concerns over the new U.S. administration, resulting in an uncertain outlook.」
Continues to identify slower growth in China and emerging economies and concerns over the new U.S. administration as sources of overseas economic uncertainty and an uncertain outlook. - FY2017RestatedAnnual report
「Japan’s economy during the fiscal year remained on a gradual recovery path, with improvements in corporate performance and the employment environment, but uncertainty in overseas economic conditions increased owing to the UK’s EU withdrawal issue, slower growth in China and other emerging economies, and concerns over the new U.S. administration, resulting in an uncertain outlook.」
Continues to identify Brexit, slower growth in China and other emerging economies, and concerns over the new U.S. administration as sources of overseas economic uncertainty. - FY2017-Q3First statedAnnual report
「Uncertainty in overseas economic conditions has increased, owing to the UK’s EU withdrawal issue, slower growth in China and other emerging economies, and concerns over the new U.S. administration, resulting in an uncertain outlook.」
For the first time, explicitly identifies Brexit, slower growth in emerging economies such as China, and concerns over the new U.S. administration as factors contributing to an uncertain outlook for the overseas economy.