Changes in Economic Trends and Capital Investment Trends
First written in FY2016. 21 of 34 entries say "Worsened", first in FY2017-Q2. Latest entry: 2026-08-07.
Rasa 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 2020: 59 of 74 companies on the "Worse" side.
24 other companies' latest entry also says "Worsened".
- 2026-08-07WorsenedEarnings
「At the same time, uncertainty about the outlook continued to increase due to rising crude oil and resource prices against the backdrop of heightened tensions in the Middle East and the rapid depreciation of the yen.」
Rising crude oil and resource prices against the backdrop of heightened tensions in the Middle East and the rapid depreciation of the yen continued to be cited as sources of uncertainty about the outlook. - FY2026WorsenedAnnual report
「At the same time, the outlook remained uncertain due to heightened geopolitical risks, including higher crude oil prices resulting from the situation in the Middle East, soaring energy and raw material prices, inflation and fluctuations in foreign exchange rates.」
It identified heightened geopolitical risk as the starting point, and fluctuations in crude oil, energy and raw material prices, inflation and foreign exchange rates as external uncertainties. - 2026-05-14WorsenedEarnings
「At the same time, the outlook remained uncertain due to heightened geopolitical risks, including higher crude oil prices resulting from the situation in the Middle East, soaring energy and raw material prices, inflation and fluctuations in foreign exchange rates.」
Uncertainty about the outlook continued due to heightened geopolitical risks, soaring raw material prices, inflation and foreign exchange fluctuations. - FY2026-H1WorsenedAnnual report
「In the global economy, concern remained over downside risks due to the impact of US trade policy and persistently high levels of instability in the international situation, leaving the outlook uncertain.」
In addition to US trade policy, the company identified persistently high levels of instability in the international situation as a downside risk to the economy, maintaining its concern about the external economic environment. - FY2025WorsenedAnnual report
「However, in addition to the impact on personal consumption of rising prices associated with soaring raw material prices and other factors, concern remained over risks of downward pressure on the economy from US trade policy and stagnation in China's economy, leaving the outlook uncertain.」
Regarding the external economic environment, the company explicitly identified US trade policy as a downside risk to the economy, in addition to existing concerns over high prices and China's sluggish economy. - FY2025-H1WorsenedAnnual report
「During the interim consolidated fiscal period, Japan's economy remained on a moderate recovery path, supported by improvements in employment and income conditions. However, the outlook remained uncertain as concern grew over the impact of conditions in the Middle East and the stagnation of China's real estate market.」
While describing a moderate recovery in the domestic economy, the company identified conditions in the Middle East and stagnation in China's real estate market as new sources of uncertainty. - FY2024WorsenedAnnual report
「However, personal consumption, which had been recovering, showed signs of stalling due to rising prices associated with soaring raw material prices and other factors. In addition, downside risks to overseas economies from global monetary tightening and China's sluggish economy remained, leaving the outlook for the economy uncertain.」
In addition to soaring raw material prices and rising prices, the company explicitly identified downside risks to overseas economies from global monetary tightening and China's sluggish economy, maintaining its uncertainty over the outlook. - FY2024-Q3WorsenedAnnual report
「However, in addition to rapidly rising inflation against a backdrop of soaring raw material prices and rising labor costs resulting from the situation in Ukraine and other factors, downside risks to overseas economies, including China's slowdown, remained, leaving the business environment uncertain.」
In addition to the existing concerns over soaring raw material prices and rising labor costs, the company explicitly identified downside risks to overseas economies from China's slowdown, maintaining its concern about uncertainty in the external economic environment. - FY2024-Q2WorsenedAnnual report
「However, the business environment became more uncertain as inflation accelerated against a backdrop of soaring raw material prices and rising labor costs resulting from the situation in Ukraine and other factors.」
The company indicates that, in addition to soaring raw material prices due to the situation in Ukraine and other factors, rising labor costs and accelerating inflation increased uncertainty surrounding business activity. - FY2024-Q1WorsenedAnnual report
「However, the business environment became increasingly uncertain, including due to rising inflation resulting from soaring raw material prices caused by the situation in Ukraine and other factors.」
While socioeconomic activity continued to normalize, the company stated that uncertainty surrounding business activity increased due to soaring raw material prices and rising inflation stemming from the situation in Ukraine and other factors. - FY2023RestatedAnnual report
「Raw material prices continued to rise due to the situation in Ukraine and other factors, and conditions remained uncertain going forward.」
The company reaffirmed for the full fiscal year the uncertainty in the external economic environment caused by the situation in Ukraine and soaring raw material prices. - FY2023-Q3WorsenedAnnual report
「During the first nine months of the current consolidated fiscal year, the economy continued on a moderate recovery path as socioeconomic activity normalized, supported by the effects of various policies addressing COVID-19. Meanwhile, concern about an economic downturn increased, including due to soaring raw material prices resulting from the prolonged situation in Ukraine, and the outlook remained uncertain.」
While socioeconomic activity continued to normalize, the company identified the prolonged situation in Ukraine, soaring raw material prices and concern about an economic downturn, indicating greater uncertainty over the outlook. - FY2023-Q2WorsenedAnnual report
「However, downside risks to the economy stemming from global monetary tightening and other factors, as well as the impact of the prolonged situation in Ukraine, remained, and the outlook continued to be uncertain.」
In addition to infectious diseases and the situation in Ukraine, the company explicitly identified downside risks to the economy stemming from global monetary tightening. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal year, corporate earnings showed signs of recovery, partly reflecting the effects of various policies addressing COVID-19. However, the impact of a renewed spread of infections on socioeconomic activity and the prolonged situation in Ukraine remained, and the outlook continued to be uncertain.」
While corporate earnings showed signs of recovery, the renewed spread of infections and the prolonged situation in Ukraine continued to be sources of uncertainty in the external economic environment. - FY2022WorsenedAnnual report
「During the current consolidated fiscal year, the economy generally continued to recover as the severe conditions caused by COVID-19 eased. However, the outlook remained uncertain due to concerns about a renewed spread of infections caused by variants and the situation in Ukraine.」
Regarding risks related to economic and capital investment trends, the company identified the situation in Ukraine as a new source of uncertainty in addition to the renewed spread of infections caused by variants. - FY2022-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, corporate earnings remained under severe pressure due to the spread of COVID-19, but signs of recovery emerged, partly reflecting the effects of measures to prevent the spread of infections and efforts to promote vaccination. Nevertheless, concern continued over downside risks to the domestic and overseas economies from infectious diseases, including variants.」
While noting both the difficult conditions for corporate earnings and the recovery trend in the economy, the company continued to warn of downside risks to the domestic and overseas economies from variants and other factors. - FY2022-Q2WorsenedAnnual report
「During the first six months of the current consolidated fiscal year, corporate earnings remained under severe pressure due to the spread of COVID-19. However, signs of recovery emerged, partly reflecting the effects of measures to prevent the spread of infections and efforts to promote vaccination. Nevertheless, concern continued over the increasing downside risk to the economy from the impact of infectious diseases in Japan and overseas.」
While signs of recovery emerged in corporate earnings, the company explicitly identified increasing downside risks to the economy from infectious diseases in Japan and overseas, reinforcing its concern about the external economic environment. - FY2021-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, Japan's economy remained in a difficult situation due to the impact of COVID-19. Although a recovery was expected, the outlook remained uncertain because of concerns about a renewed increase in new infections and economic stagnation.」
The company continued to cite uncertainty over the outlook due to a renewed increase in new infections and concerns about economic stagnation, as it did in the previous quarter. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy remained in a difficult situation due to the impact of COVID-19. Although a recovery was expected, the outlook remained uncertain due to concerns about economic stagnation resulting from a further spread of infections.」
In addition to overseas economic conditions and trade issues, concerns about economic stagnation and the further spread of COVID-19 continued and intensified as external economic environment risks. - FY2020WorsenedAnnual report
「Following the spread of the novel coronavirus, economic activity was constrained worldwide, and the economy entered a difficult situation amid a rapid deterioration in conditions.」
In addition to existing issues such as US-China trade tensions, the global restraint on economic activity and rapid economic deterioration caused by the spread of the novel coronavirus were added as external environmental risks. - FY2020-Q3ReframedAnnual report
「Meanwhile, the outlook for overseas economic conditions, including US-China trade friction, the UK's withdrawal from the EU and the outlook for China's economy, remains uncertain.」
The company identifies the uncertainty in the external economic environment through specific issues, namely US-China trade friction, the UK's withdrawal from the EU and the outlook for China's economy. - FY2020-Q2WorsenedAnnual report
「Meanwhile, the outlook remains uncertain, owing to the impact of rising tensions over US-China trade issues on the global economy, the outlook for China's economy, and uncertainty surrounding overseas economies and policies.」
The company specifically cites rising tensions over US-China trade issues, the outlook for China's economy, and uncertainty surrounding overseas economies and policies, maintaining and emphasizing its concern about external environmental risks. - FY2020-Q1WorsenedAnnual report
「Meanwhile, the outlook for the economy remains uncertain, with continuing concern over uncertainty in the global economy, including China, resulting from the expanding and prolonged impact of US-China trade issues, as well as volatility in financial markets.」
The company indicates that the impact of US-China trade issues is expanding and becoming prolonged, and expresses greater concern about uncertainty in the global economy, including China, and volatility in financial markets. - FY2019-Q3ReframedAnnual report
「However, the outlook remains uncertain as concern persists over the impact on the global economy of uncertainty surrounding US-China trade issues and the political situation in major European countries.」
The company specifies the external risks to the outlook as uncertainty surrounding US-China trade issues and the political situation in major European countries. - FY2019-Q2RestatedAnnual report
「However, the outlook remains uncertain both in Japan and overseas due to uncertainty over future policies in various countries, developments in trade issues and volatility in financial and capital markets.」
The company continues to cite uncertainty over the outlook due to policies in various countries, trade issues and volatility in financial and capital markets, as it did in the previous quarter. - FY2019-Q1ReframedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy continued to recover moderately despite the impact of uncertainty in overseas economies, volatility in financial and capital markets, and trade issues. Corporate earnings and employment conditions continued to improve as personal consumption recovered and capital investment increased moderately.」
The concerns surrounding the external environment have shifted from overseas political instability and related factors to uncertainty in overseas economies, volatility in financial and capital markets, and the impact of trade issues. - FY2018-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, despite continued overseas political instability, the global economy remained stable. Domestic corporate earnings improved, and production and capital investment continued to recover, leaving the economy on a moderate recovery path.」
The company cites continued overseas political instability as a concern in the external environment, while describing the global economy and domestic economy as stable and on a recovery path. - FY2018-Q2WorsenedAnnual report
「During the first six months of the current consolidated fiscal year, overseas political instability became increasingly pronounced. However, as economic conditions remained relatively stable, corporate earnings improved and capital investment continued to recover, with the economy remaining on a moderate recovery path.」
The company states that overseas political instability was becoming increasingly pronounced, indicating greater uncertainty in the external economic environment. At the same time, it describes the domestic economy as being on a moderate recovery path. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy continued on a moderate recovery path despite the impact of overseas political risks and economic slowdowns. Corporate earnings improved, supported by the effects of various government policies, and capital investment showed signs of recovery.」
While continuing to express concern about the external environment, including overseas political risks and economic slowdowns, the company describes the domestic economy as being on a moderate recovery path. - FY2017RestatedAnnual report
「During the current consolidated fiscal year, Japan's economy remained on a moderate recovery path. Despite the impact of political and geopolitical risks overseas, economic conditions were relatively stable, corporate earnings were generally solid, and capital investment and employment remained firm.」
The company cites overseas political and geopolitical risks while describing the domestic economy as being on a moderate recovery path. - FY2017-Q3RestatedAnnual report
「During the first nine months of the current consolidated fiscal year, uncertainty surrounding overseas political and economic conditions increased further, partly due to future US policies. However, as the yen temporarily weakened and stock prices rose, business sentiment improved, while capital investment, employment and personal consumption generally improved. The economy continued on a moderate recovery path, although some weakness remained.」
While continuing to cite uncertainty surrounding overseas political and economic conditions stemming from US policies and other factors, the company describes the domestic economy as being on a moderate recovery path. - FY2017-Q2WorsenedAnnual report
「During the first six months of the current consolidated fiscal year, uncertainty surrounding overseas economies increased further. Nevertheless, Japan's corporate earnings, capital investment, employment and personal consumption remained generally resilient, supported by the effects of various government policies, and the economy continued on a moderate recovery path.」
The company states that uncertainty surrounding overseas economies increased further, indicating greater recognition of external economic risks than in the previous quarter. - FY2017-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy continued on a moderate recovery path, despite the impact of political risks in Europe and elsewhere, including the UK's withdrawal from the EU, and China's economic slowdown. Corporate earnings were generally solid, supported by the effects of various government policies, and capital investment showed signs of recovery.」
The company continues to cite external economic conditions, including political risks in Europe, China's economic slowdown and capital investment trends. - FY2016First statedAnnual report
「However, changes in general economic conditions or capital investment trends may affect the Group's results.」
The risk that demand for industrial and construction machinery, environmental equipment, plant construction, chemical products and other businesses may be affected by changes in economic conditions and capital investment.