Uncertainty in the Business Environment Due to Trade Frictions and Geopolitical Risks
First written in FY2020-Q3. 3 of 9 entries say "Restated". Latest entry: FY2026.
Landix moved to the "Worse" side of this theme in 2026, 6 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".
- FY2026WorsenedAnnual report
「This was caused by higher crude oil prices resulting from the situation in the Middle East and shortages of various chemical products refined from crude oil, which put pressure on earnings across a broad range of industries and weakened business sentiment. This trend is expected to continue for some time.」
The filing stated that the situation in the Middle East was already affecting earnings and business sentiment across a broad range of industries through higher crude oil prices and shortages of chemical products, presenting the previously cited geopolitical risk together with specific economic effects. - 2026-05-12RestatedEarnings
「Although real estate transactions are entering a difficult-to-predict phase due to factors including the situation in the Middle East」
Geopolitical factors, including the situation in the Middle East, continued to be cited as sources of uncertainty in real estate transactions. - FY2026-H1Resurgence of geopolitical and tariff risksAnnual report
「Overseas conditions are also expected to remain uncertain, including due to US tariff policy and issues involving the Middle East and Russia.」
Trade policy and geopolitical risks, whose explicit mention had disappeared in FY2025, were again cited as sources of uncertainty, including US tariff policy and issues involving the Middle East and Russia. - FY2025DroppedAnnual reportThis filing contains no explicit reference to geopolitical risks such as US-China trade friction, the situation in the Middle East or the Russia-Ukraine conflict.
- FY2024-Q3RestatedAnnual report
「During the nine-month period ended 31 December, the Japanese economy remained relatively firm overall because the US economy remained stable despite continued monetary tightening amid heightened tensions in overseas affairs.」
Geopolitical and overseas economic uncertainties, including heightened tensions overseas, continued to be described. At the same time, the domestic economy was described as relatively firm because of the stability of the US economy. - FY2024-Q1RestatedAnnual report
「The outlook remains uncertain due to globally higher resource prices resulting from the prolonged Russia-Ukraine conflict, higher interest rates caused by monetary tightening in the United States and Europe, and expectations of a slowdown in overseas economies.」
Geopolitical factors, including the prolonged Russia-Ukraine conflict, continued to be cited as sources of uncertainty through their impact on resource prices and overseas economies. - FY2023-Q1Resurgence of geopolitical risksAnnual report
「There were concerns about the impact of a renewed spread of novel coronavirus infections in Japan and the prolonged situation in Ukraine.」
Geopolitical risks, whose mention had disappeared from the previous filing, were again cited as a source of uncertainty in the business environment, in the form of the prolonged situation in Ukraine. - FY2020DroppedAnnual reportThis filing contains no explicit reference to US-China trade friction or geopolitical risks in the Middle East.
- FY2020-Q3First statedAnnual report
「The outlook remained uncertain due to the prolonged US-China trade tensions, rising geopolitical risks in the Middle East, and the reaction to front-loaded demand following the consumption tax increase in October.」
These factors were disclosed as external risks in the discussion of the economic environment. The “Business and Other Risks” section itself stated that there were no applicable matters.