Uncertainty From Global Economic and Geopolitical Risks
First written in FY2019. 10 of 23 entries say "Worsened", first in FY2020-Q3. Latest entry: FY2026.
Kichiri Holdings & moved to the "Worse" side of this theme in 2021, 1 year after the typical company in this theme (2020).
The whole theme swung hardest in 2022: 103 of 133 companies on the "Worse" side.
66 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Meanwhile, downside risks to the economy remain significant, including the impact on the domestic economy of global monetary tightening, the weak yen and rising prices, and the outlook remains uncertain.」
The filing continues to describe downside risks to the economy and uncertainty in the outlook due to global monetary tightening, the weak yen and rising prices. - FY2026-H1RestatedAnnual report
「However, in addition to external developments causing concern about the outlook, there were many other concerns, including higher energy and raw material prices and rising prices, leaving the economic outlook uncertain.」
The filing continues to describe uncertainty in the economic outlook due to external developments, higher energy and raw material prices, and rising prices. - FY2025WorsenedAnnual report
「Meanwhile, downside risks to the economy remain significant, including the impact on the domestic economy of global monetary tightening, the weak yen and rising prices, and the outlook remains uncertain.」
In addition to the previous factors of the weak yen and rising prices, global monetary tightening is explicitly identified as a downside risk to the economy, and the filing states that downside risks remain significant. - FY2024WorsenedAnnual report
「Meanwhile, downside risks to the economy remain significant, including the impact on the domestic economy of global monetary tightening, the weak yen and rising prices, and the outlook remains uncertain.」
In addition to the previous factors of the weak yen and rising prices, global monetary tightening is explicitly identified as a downside risk to the economy, and the description of the risk as significant is retained. - FY2024-Q3RestatedAnnual report
「However, the economic outlook remained uncertain due to the prolonged Russia-Ukraine situation, soaring global resource prices and rising prices resulting from the weaker yen.」
While economic activity is moving toward normalization, uncertainty in the outlook continues due to the geopolitical situation, higher resource prices, the weak yen and rising prices. - FY2024-Q2RestatedAnnual report
「However, the economic outlook remained uncertain due to the prolonged Russia-Ukraine situation, soaring global resource prices and rising prices resulting from the weaker yen.」
The filing reconfirms the coexistence of progress toward economic normalization and uncertainty in the outlook due to the situation involving Russia and Ukraine, resource prices, the weak yen and rising prices. - FY2024-Q1RestatedAnnual report
「However, the economic outlook remained uncertain due to the prolonged Russia-Ukraine situation, soaring global resource prices and rising prices resulting from the weaker yen.」
While progress toward economic normalization has emerged, uncertainty in the outlook continues due to the situation involving Russia and Ukraine, resource prices, the weak yen and rising prices. - FY2023Economic normalization and uncertainty caused by rising costs coexist.Annual report
「On 8 May 2023, the disease was reclassified under the Infectious Diseases Control Law from Category 2-equivalent to Category 5. This lifted the restrictions on movement that had been in place for 3 years due to the disease and made progress toward economic normalization more evident. Meanwhile, the domestic economic outlook remains difficult and uncertain due to higher resource prices, the weak yen and rising costs caused by labor shortages.」
While the reclassification of the disease and the lifting of restrictions on movement indicated economic normalization, uncertainty continues due to higher resource prices, the weak yen and rising costs caused by labor shortages. - FY2023-Q3Economic normalization and continued uncertainty coexist.Annual report
「Meanwhile, economic normalization toward the post-COVID era is expected to accelerate, including through stronger inbound demand following the easing of international border controls and the return of people's willingness to engage in activities following the Cabinet Secretariat's announcement revising its guidance on mask wearing.」
While the easing of border controls and the revision of guidance on mask wearing indicated stronger inbound demand and a return of people's willingness to engage in activities, uncertainty in the outlook due to the situation in Ukraine, the weak yen and higher raw material and crude oil prices continues. - FY2023-Q2Economic normalization and continued uncertainty coexist.Annual report
「Although the easing of various restrictions on movement imposed due to the spread of COVID-19 led to signs of a gradual normalization of economic activity, its effects continue to be felt.」
While the easing of restrictions on movement indicated progress toward economic normalization, uncertainty in the outlook continues due to the effects of infectious diseases, the situation in Ukraine, the weak yen and rising prices. - FY2023-Q1WorsenedAnnual report
「In addition, prices for raw materials, crude oil and other goods continue to rise as a result of the situation in Ukraine and the sharp depreciation of the yen caused by the COVID-19 pandemic, and the outlook remains uncertain as there are still no signs of an end to these conditions.」
In addition to the previous uncertainty caused by infectious diseases, trade issues and natural disasters, the situation in Ukraine and rising prices due to the sharp depreciation of the yen have emerged as specific factors making the outlook uncertain. - FY2022WorsenedAnnual report
「Meanwhile, although the prevention of the spread of infections and the continuation of economic activity are expected to become established through vaccination and the development of treatments, a rapid recovery in consumer spending is not expected. In addition, the outlook is expected to remain uncertain due to factors including the crisis in Ukraine, abnormal weather and higher raw material prices resulting from elevated crude oil prices.」
In addition to the slow recovery caused by COVID-19, the crisis in Ukraine, abnormal weather, higher crude oil prices and rising raw material prices have been added as factors making the outlook uncertain. - FY2022-Q3WorsenedAnnual report
「However, the Omicron variant, a strain of COVID-19, spread, and priority preventive measures were implemented in prefectures across Japan from January 2022, leaving the situation still requiring close monitoring.」
After vaccination and the easing of restrictions were presented as factors supporting recovery, the spread of the Omicron variant and the implementation of priority preventive measures in Japan made the uncertainty surrounding the economic and business outlook more pronounced. - FY2022-Q2The outlook remains uncertain due to variants even after the easing of restrictions.Annual report
「As COVID-19 vaccinations, an important measure to prevent the spread of the disease, gained momentum from June 2021, the number of infected people fell sharply, the state of emergency and priority preventive measures were lifted, and restrictions on daily life and economic activity were eased. However, the Omicron variant, one type of COVID-19 variant, has shown signs of spreading overseas. Although the Japanese government is taking countermeasures, the situation continues to require close monitoring regarding the containment of COVID-19.」
While vaccination and the easing of restrictions were presented as factors supporting recovery, the filing states that the outlook remains uncertain due to signs of the Omicron variant spreading. - FY2022-Q1WorsenedAnnual report
「COVID-19 began spreading nationwide from urban areas. Local governments outside the major cities also requested that restaurants suspend operations or shorten their hours to prevent the spread of the disease, while the Japanese government declared states of emergency and implemented priority preventive measures. The outlook therefore remained uncertain.」
Uncertainty in the outlook continues due to the nationwide spread of COVID-19 and various requests and measures. - FY2021WorsenedAnnual report
「A third state of emergency was declared from late April 2021, among other measures, and the outlook remained uncertain.」
In addition to COVID-19, the third state of emergency declaration was added as a factor making the outlook uncertain. - FY2021-Q3WorsenedAnnual report
「Following an increase in infections during what was known as the third wave, local governments in urban areas requested that restaurants suspend operations or shorten their hours from late November 2020 to prevent the spread of COVID-19. In addition, a second state of emergency was declared from early January 2021, leaving the outlook uncertain.」
The third wave, requests for business suspensions and shorter operating hours in urban areas, and the second state of emergency declaration emerged as specific factors making the outlook uncertain. - FY2021-Q2WorsenedAnnual report
「Following an increase in infections during what was known as the third wave, local governments in urban areas requested that restaurants suspend operations or shorten their hours from late November 2020 to prevent the spread of COVID-19. As a result, the outlook remained uncertain.」
The third wave of COVID-19 and requests from local governments made the uncertainty surrounding the economic and business outlook more pronounced. - FY2021-Q1RestatedAnnual report
「During the three-month period, although monetary and fiscal policies were implemented in response to the spread of COVID-19, corporate and consumer activity remained sluggish, and the outlook for the economy remained uncertain, including due to the resulting deterioration in employment and income conditions.」
The filing continues to describe uncertainty in the outlook, with corporate and consumer activity sluggish amid the spread of COVID-19 and employment and income conditions deteriorating. - FY2020-Q3WorsenedAnnual report
「Furthermore, the outlook for the economy remains uncertain due to the impact of COVID-19.」
In addition to the previous factors of uncertainty in the global economy, trade issues and natural disasters, the impact of COVID-19 has been added as a factor making the outlook uncertain. - FY2020-Q2RestatedAnnual report
「During the six-month period, the Japanese economy continued to show a gradual recovery trend against a backdrop of improving employment and income conditions. However, the outlook remained uncertain due to trade issues, including the U.S.-China trade friction, and the effects of natural disasters such as typhoons.」
While referring to the gradual economic recovery, the filing states that trade issues, including the U.S.-China trade friction, and natural disasters continue to make the outlook uncertain. - FY2020-Q1RestatedAnnual report
「Although the economy is on a gradual recovery trend due to improving corporate earnings and employment and income conditions, the outlook remains uncertain because of uncertainty in the global economy caused by concerns over the U.S. government's conservative policies.」
The filing continues to describe uncertainty in the outlook due to uncertainty in the global economy, citing concerns over the U.S. government's conservative policies as a factor. - FY2019First statedAnnual report
「The outlook remains uncertain due to uncertainty in the global economy, rising international geopolitical risks and natural disasters.」
Global economic uncertainty, rising geopolitical risks and natural disasters are newly listed as factors making the outlook uncertain.