Volatility in Stock Prices and Exchange Rates and Uncertainty in Business Confidence and Personal Consumption
First written in FY2016-Q2. 17 of 33 entries say "Worsened", first in FY2017-Q1. Latest entry: FY2026-H1.
Kobe Bussan moved to the "Worse" side of this theme in 2016, 6 years before the typical company in this theme (2022).
The whole theme swung hardest in 2020: 40 of 57 companies on the "Worse" side.
37 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「We expect uncertainty about the outlook to persist, owing to heightened geopolitical risks resulting from rising tensions in the Middle East, concerns about future U.S. policy developments such as tariff measures, volatile exchange rates, higher energy costs and continuing price increases.」
In addition to the existing situation in the Middle East, US policy developments, exchange-rate movements and soaring energy costs, continued inflation is explicitly cited as a source of uncertainty in the business environment. - FY2025-H1WorsenedAnnual report
「Meanwhile, the outlook is expected to remain uncertain due to the prolonged Russia-Ukraine issue, escalating tensions in the Middle East, volatile exchange-rate movements, soaring energy costs, and concerns over future US policy developments, including tariff measures.」
In addition to the existing geopolitical situation, exchange-rate movements and soaring energy costs, concerns over future US policy developments, including tariff measures, are cited as a new source of uncertainty. - FY2024RestatedAnnual report
「Environmental issues are becoming increasingly serious around the world, and efforts to achieve carbon neutrality are accelerating. In addition, the global situation remains uncertain, with continued international economic uncertainty and geopolitical risks, surging prices for various raw materials, and an anticipated food shortage requiring continued attention.」
Concerns over environmental issues, international economic uncertainty, geopolitical risks, surging raw material prices and food shortages continue to be cited. - FY2024-Q2RestatedAnnual report
「Meanwhile, the outlook remains uncertain due to the prolonged Russia-Ukraine issue, the emergence of new geopolitical risks such as escalating tensions in the Middle East, volatile exchange-rate movements, and soaring energy costs.」
Uncertainty over the outlook due to the Russia-Ukraine issue, the situation in the Middle East, exchange-rate movements and soaring energy costs continues. - FY2024-Q1WorsenedAnnual report
「Meanwhile, the outlook remains uncertain due to the prolonged Russia-Ukraine issue, the emergence of new geopolitical risks such as escalating tensions in the Middle East, volatile exchange-rate movements, and soaring energy costs.」
In addition to the Russia-Ukraine issue, exchange-rate movements and soaring energy costs, the escalation of tensions in the Middle East is cited as a new geopolitical risk. - FY2023WorsenedAnnual report
「Environmental issues are becoming increasingly serious around the world, and efforts to achieve carbon neutrality are accelerating. In addition, the global situation remains uncertain, with continued international economic uncertainty and geopolitical risks, surging prices for various raw materials, and an anticipated food shortage requiring continued attention.」
In addition to existing geopolitical risks and surging raw material prices, worsening environmental issues, the transition to carbon neutrality, and the anticipated food shortage are cited as sources of uncertainty. - FY2023-Q3WorsenedAnnual report
「Meanwhile, the outlook remains uncertain due to the prolonged Russia-Ukraine conflict, concerns over an economic slowdown caused by global monetary tightening, volatile exchange-rate movements, and soaring energy costs.」
In addition to the existing Russia-Ukraine situation, exchange-rate movements and energy costs, concerns over an economic slowdown caused by global monetary tightening are cited as sources of uncertainty in the business environment. - FY2023-Q2RestatedAnnual report
「Meanwhile, the outlook remains uncertain due to the prolonged Russia-Ukraine conflict, soaring raw material and energy costs, and rapid exchange-rate fluctuations.」
The Russia-Ukraine situation, raw material and energy costs, and uncertainty over the outlook due to rapid exchange-rate fluctuations continue to be cited. - FY2023-Q1RestatedAnnual report
「Meanwhile, the outlook remains uncertain due to the prolonged Russia-Ukraine conflict, soaring raw material and energy costs, and rapid exchange-rate fluctuations.」
The Russia-Ukraine situation, raw material and energy costs, and uncertainty over the outlook due to rapid exchange-rate fluctuations continue to be cited. - FY2022-Q3WorsenedAnnual report
「During the nine-month period ended 31 July 2022 (1 November 2021 to 31 July 2022), although Japan saw a resurgence in COVID-19 infections, restrictions on movement were lifted and economic activity gradually resumed following the expansion of vaccinations and various testing programs and the strengthening of the medical supply system. Meanwhile, costs rose rapidly due to poor crop yields caused by droughts and other factors in various parts of the world, restrictions on imports and exports of grain and energy resources amid Russia's military invasion of Ukraine, and the sharp depreciation of the yen resulting from higher US interest rates.」
In addition to existing concerns over infectious diseases, the weaker yen and energy prices, poor crop yields caused by droughts, restrictions on grain and energy resource imports and exports, the sharp depreciation of the yen due to higher US interest rates, and rapidly rising costs are cited. - FY2022-Q2WorsenedAnnual report
「These developments have increased demand for a range of goods and led to global inflation. In addition, the business environment surrounding Japan remains uncertain, due to surging energy prices amid Russia's military invasion of Ukraine and the sharp depreciation of the yen resulting from higher US interest rates.」
In addition to existing concerns such as infectious diseases and logistics costs, global inflation, surging energy prices amid Russia's military invasion of Ukraine, and the sharp depreciation of the yen due to higher US interest rates are cited as sources of uncertainty in the business environment. - FY2022-Q1WorsenedAnnual report
「Meanwhile, from the beginning of the year, infections with the Omicron variant spread, and unstable conditions continued, including renewed requests for shortened business hours in the food service industry. In addition, prolonged supply constraints caused by increased global demand for raw materials, yen depreciation, and successive price increases by companies due to higher maritime transport costs and crude oil prices were observed.」
In addition to the existing concerns over infectious diseases and logistics costs, the Omicron variant, prolonged supply constraints, yen depreciation, surging maritime transport costs and crude oil prices, and the resulting price increases are cited as sources of instability in the business environment. - FY2021WorsenedAnnual report
「Japan's economy during the consolidated fiscal year under review remained uncertain due to changes in lifestyles resulting from the spread of COVID-19, economic losses caused by the declaration of states of emergency in various regions, and surging food raw material prices and shipping costs.」
In addition to the existing concerns over infectious diseases and logistics costs, surging food raw material prices and shipping costs are cited as sources of uncertainty in the business environment. - FY2021-Q3RestatedAnnual report
「Japan's economy during the cumulative third-quarter period under review (1 November 2020 to 31 July 2021) remained uncertain due to labor shortages, higher logistics costs, and the global spread of COVID-19.」
Labor shortages, higher logistics costs, and the uncertainty caused by COVID-19 continue to be identified as business-environment risks. - FY2021-Q1RestatedAnnual report
「Japan's economy during the cumulative first-quarter period under review (1 November 2020 to 31 January 2021) remained uncertain due to labor shortages, higher logistics costs, and the global spread of COVID-19.」
Labor shortages, logistics costs, and the uncertainty caused by COVID-19 continue to be identified as business-environment risks. - FY2020RestatedAnnual report
「Japan's economy during the consolidated fiscal year under review remained uncertain due to the impact of the consumption tax increase implemented in October 2019, labor shortages, higher logistics costs, and the global spread of COVID-19.」
The consumption tax increase, labor shortages, logistics costs, and the uncertainty caused by COVID-19 continue to be identified as business-environment risks. - FY2020-Q3RestatedAnnual report
「Japan's economy during the cumulative third-quarter period under review (1 November 2019 to 31 July 2020) remained uncertain due to the impact of the consumption tax increase implemented in 2019, labor shortages, higher logistics costs, and the global spread of COVID-19.」
The consumption tax increase, labor shortages and logistics costs, and the uncertainty caused by COVID-19 continue to be cited. - FY2020-Q2ReframedAnnual report
「Japan's economy during the cumulative second-quarter period under review (1 November 2019 to 30 April 2020) remained uncertain due to the impact of the consumption tax increase implemented in 2019, labor shortages, higher logistics costs, and the global spread of COVID-19.」
The sources of uncertainty in the outlook shifted from the existing international and foreign exchange conditions to the consumption tax increase, labor shortages and logistics costs, and COVID-19. - FY2020-Q1ReframedAnnual report
「Although Japan's economy during the cumulative first-quarter period under review showed improvements in employment conditions and a gradual recovery in corporate performance, the outlook remained uncertain due to concerns about the impact on the global economy of the UK's withdrawal from the EU, unstable conditions in the Middle East, and an economic slowdown in China.」
The sources of uncertainty in the outlook changed from the previous references to trade policy and Japan-South Korea relations to the UK's withdrawal from the EU, unstable conditions in the Middle East, and the impact of an economic slowdown in China on the global economy. - FY2019WorsenedAnnual report
「However, the global economic outlook remained uncertain due to uncertainty surrounding trade policy, primarily in the United States, and economic slowdowns in Asia, particularly China. In the food industry, competition intensified as e-commerce operators, drugstores and other businesses expanded their handling of food products. In addition, the operating environment became challenging due to higher labor and logistics costs caused by labor shortages.」
The disclosure cites uncertainty in the global economy caused by trade policy and an economic slowdown in Asia, competition with e-commerce operators and drugstores, and higher labor and logistics costs due to labor shortages. - FY2019-Q3WorsenedAnnual report
「Meanwhile, the outlook for the global economy remained uncertain due to U.S.-China trade friction, the UK's withdrawal from the EU, and deteriorating Japan-South Korea relations. Private consumption also continued to show a strong preference for cost savings against a backdrop of rising prices and the consumption tax rate increase scheduled for October 2019.」
In addition to the existing U.S.-China trade friction, the UK's withdrawal from the EU and consumers' preference for cost savings, deteriorating Japan-South Korea relations are cited as a source of uncertainty for the global economic outlook. No quantified risks or actual losses are indicated. - FY2019-Q2WorsenedAnnual report
「Meanwhile, the outlook for the global economy remained uncertain due to U.S.-China trade friction and the UK's withdrawal from the EU. Private consumption also continued to show a strong preference for cost savings against a backdrop of rising prices and the consumption tax rate increase scheduled for October 2019.」
U.S.-China trade friction and the UK's withdrawal from the EU are cited as sources of uncertainty for the global economy, while private consumption is described as showing a preference for cost savings against a backdrop of rising prices and the consumption tax rate increase scheduled for October 2019. - FY2019-Q1WorsenedAnnual report
「Although Japan's economy during the cumulative first-quarter period under review showed improvements in employment conditions and a gradual recovery in corporate performance, it remained in an uncertain situation due to developments in trade policy, primarily in the United States, and the impact of an economic slowdown in emerging markets on the global economy.」
In addition to trade policy, primarily in the United States, the impact of an economic slowdown in emerging markets on the global economy is cited as a source of uncertainty. - FY2018-Q3WorsenedAnnual report
「Although Japan's economy during the cumulative third-quarter period under review showed improvements in employment conditions and a gradual recovery in corporate performance, conditions became unstable due to developments in trade policy, primarily in the United States, and rising geopolitical risks in neighboring countries.」
In addition to the existing geopolitical risks, developments in trade policy, primarily in the United States, and rising geopolitical risks in neighboring countries are cited as factors contributing to instability. - FY2018-Q2WorsenedAnnual report
「Japan's economy continued to recover gradually during the cumulative second-quarter period under review, supported by a recovery in corporate earnings, increased capital investment and improved employment conditions. However, the economic outlook remained uncertain due to rising geopolitical risks in the United States and neighboring countries and concerns over global trade.」
In addition to the existing international and geopolitical risks, the disclosure cites rising geopolitical risks in the United States and neighboring countries and concerns over global trade as business-environment risks. - FY2018-Q1WorsenedAnnual report
「Meanwhile, the global economy remained in a situation where an economic slowdown was a concern due to unstable international conditions in Asian countries, the United States and EU countries, as well as increasing geopolitical risks, and the outlook remained uncertain.」
The risk factors became more specific, shifting from references to the U.S. change of administration and negotiations over the UK's withdrawal from the EU to concerns about a global economic slowdown caused by unstable international conditions and increasing geopolitical risks. - FY2017-Q3ReframedAnnual report
「Although Japan's economy during the cumulative third-quarter period under review showed improvements in employment conditions and a gradual recovery in corporate performance, conditions became unstable due to developments in the U.S. change of administration, the intensification of negotiations over the UK's withdrawal from the EU, and unstable political conditions in various countries. Consumers continued to favor lower prices and cost savings.」
The risk factors changed from sharp foreign exchange movements following the U.S. presidential election to the U.S. change of administration, the intensification of negotiations over the UK's withdrawal from the EU, and other factors. Uncertainty and consumers' preference for lower prices and cost savings continued. - FY2017-Q2RestatedAnnual report
「Although Japan's economy during the cumulative second-quarter period under review showed improvements in employment conditions and a gradual recovery in corporate performance, uncertainty about the outlook intensified against a backdrop of sharp foreign exchange movements following the U.S. presidential election and unstable political conditions in various countries. Consumers continued to favor lower prices and cost savings.」
Sharp foreign exchange movements, political instability in various countries, uncertainty about the outlook, and consumers' preference for lower prices and cost savings continue to be identified as business-environment risks. - FY2017-Q1WorsenedAnnual report
「Although Japan's economy during the cumulative first-quarter period under review showed improvements in employment conditions and a gradual recovery in corporate performance, uncertainty about the outlook intensified against a backdrop of sharp foreign exchange movements following the U.S. presidential election and unstable political conditions in various countries. Consumers continued to favor lower prices and cost savings.」
In addition to the existing uncertainty over foreign exchange rates, business confidence and private consumption, the disclosure specifically cites sharp foreign exchange movements following the U.S. presidential election, unstable political conditions in various countries, and consumers' preference for lower prices and cost savings. - FY2016-Q3MaterialisedAnnual report
「The main factors behind the decrease in fixed assets included a ¥1,354 million decrease in property, plant and equipment and a ¥1,019 million decrease in investments and other assets. These decreases were primarily attributable to a reduction in foreign-currency-denominated fixed assets as the yen appreciated against foreign currencies.」
The disclosure describes the actual impact of the unstable foreign exchange environment, with yen appreciation reducing foreign-currency-denominated fixed assets. - FY2016-Q2First statedAnnual report
「Against a backdrop of unstable movements in the Nikkei Stock Average and foreign exchange rates, business confidence and private consumption also remain uncertain.」
The uncertainty surrounding economic and market conditions is identified as a business-environment risk for the period.