Global Economic Uncertainty From Geopolitical Risks and Divergent Monetary Policies
First written in FY2023-Q1. 6 of 10 entries say "Worsened", first in FY2023. Latest entry: 2026-08-12.
Kibun Foods moved to the "Worse" side of this theme in 2023, 3 years after the typical company in this theme (2020).
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
76 other companies' latest entry also says "Worsened".
- 2026-08-12WorsenedEarnings
「Consumer prices have continued to rise moderately. In addition, it remains necessary to closely monitor the impact of the situation in the Middle East and fluctuations in financial and capital markets. The outlook therefore remains highly uncertain and opaque.」
In addition to the situation in the Middle East, fluctuations in financial and capital markets continue to be identified as sources of uncertainty. - FY2026WorsenedAnnual report
「The operating environment surrounding the overseas food business remains unpredictable, owing to weaker consumer appetite due to inflation in developed countries, geopolitical risks including the protracted situation in Ukraine and instability in the Middle East, and uncertainty in the global economy resulting from the introduction of trade policies by various countries.」
In addition to geopolitical risks and inflation, trade policies in various countries are explicitly identified as factors contributing to uncertainty. In the overseas food business, the impact of U.S. tariff policy and the Chinese economy is specifically described. - 2026-05-15WorsenedRevision of earnings forecasts
「Looking ahead, the situation in the Middle East remains extremely unstable, and unforeseen events may occur. As a result, forecasting future developments is extremely difficult.」
The company explicitly cited the instability in the Middle East and the possibility of unforeseen events, emphasizing the difficulty of forecasting future developments. - FY2026-H1WorsenedAnnual report
「During the interim consolidated accounting period, Japan's economy showed a moderate recovery as employment and income conditions improved. At the same time, concerns remained about the impact of U.S. trade policy and a deterioration in consumer sentiment resulting from rising prices, and uncertainty about the outlook continued.」
In addition to the existing geopolitical and inflation risks, the impact of U.S. trade policy was explicitly identified as a factor contributing to uncertainty. In the overseas food business, sales momentum weakened in the United States and China, resulting in lower revenue and earnings. - FY2025-H1MaterialisedAnnual report
「In terms of earnings, higher costs, including surging freight charges due to geopolitical factors, became apparent. However, the increased sales of seafood-based processed products raised the sales mix of in-house products, improving margins and resulting in higher earnings.」
Higher freight charges and increased costs due to geopolitical factors became apparent in the overseas food business. Meanwhile, the higher sales mix resulting from increased sales of in-house products contributed to improved margins. - FY2024WorsenedAnnual report
「At the same time, uncertainty in the global economy resulting from weaker consumer appetite due to inflation in developed countries and international political conflicts, including the escalating situations in Ukraine and the Middle East, continues.」
In addition to the existing geopolitical and inflation risks, the company explicitly identifies the escalating situation in the Middle East and continues to recognize factors contributing to uncertainty about the outlook for its overseas business. - FY2023WorsenedAnnual report
「We recognize that various risks requiring a response coexist, including the possibility of surging energy prices and disruptions to global supply chains resulting from the emergence of geopolitical risks, as seen in the situation in Ukraine; foreign exchange volatility arising from changes in monetary policy in countries where economic recovery is under way; and declining consumer appetite due to inflation concerns.」
The scope of risks has expanded beyond geopolitical risks to include energy prices, supply chains, monetary policy and foreign exchange, and declining consumption due to inflation. - FY2023-Q3RestatedAnnual report
「During the cumulative consolidated third quarter, inflation resulting from increases in various prices remained an underlying risk to consumption, while geopolitical risks also continued.」
It reconfirms that inflation remains a risk to consumption and that geopolitical risks continue. - FY2023-Q2RestatedAnnual report
「During the cumulative consolidated second quarter, economic activity continued to normalize, while geopolitical risks remained embedded and weaker consumer purchasing activity resulting from various price increases emerged as a risk.」
It reconfirms that economic activity is continuing to normalize, while geopolitical risks remain present. - FY2023-Q1First statedAnnual report
「During the cumulative consolidated first quarter, the global economy was on a recovery trend in economic activity, but the effects of geopolitical risks and differences in monetary policy across countries became more apparent, increasing uncertainty.」
It states that the effects of geopolitical risks and differences in monetary policy across countries have become more apparent, increasing uncertainty in the global economy.