Uncertainty over Overseas Economies and Market Volatility Following the UK's Withdrawal from the EU
First written in FY2017-Q1. 10 of 20 entries say "Restated". Latest entry: 2026-08-06.
Vital Ksk Holdings moved to the "Worse" side of this theme in 2024, 5 years after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 140 of 172 companies on the "Worse" side.
68 other companies' latest entry also says "Worsened".
- 2026-08-06WorsenedEarnings
「During the cumulative first quarter of the fiscal year under review, the economic environment became increasingly uncertain worldwide due to concerns over disruptions in resource distribution and higher logistics costs amid heightened tensions in the Middle East, including the situation in Iran, as well as developments in U.S. trade policy.」
Identifies heightened tensions in the Middle East, concerns over resource distribution and higher logistics costs, in addition to previously cited international instability and U.S. trade policy, as risk factors. - FY2026-H1ReframedAnnual report
「However, international tensions, developments in US trade policy and the continuing rise in prices pose risks of downward pressure on the economy through their impact on personal consumption caused by a deterioration in consumer sentiment, and the outlook remains uncertain.」
In addition to inflation, supply constraints and volatility in financial and capital markets, identifies international tensions and US trade policy as factors putting downward pressure on the economy. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period under review, although there were concerns about a downturn in the economy due to the weaker yen and rising prices, the economy recovered gradually as employment and income conditions improved, and social and economic activity became more vigorous. At the same time, uncertainty remains high due to international tensions, supply-side constraints and volatility in financial and capital markets, and the economic outlook remains unpredictable.」
Reaffirms the uncertainty in the economic environment resulting from international tensions, supply constraints and volatility in financial and capital markets. - FY2024-Q3WorsenedAnnual report
「During the third quarter of the consolidated cumulative period under review, social and economic activity became more vigorous, with inbound demand exceeding pre-pandemic levels and domestic demand recovering gradually. However, uncertainty remains high due to international tensions, the trend toward a weaker yen, rising prices, supply-side constraints and volatility in financial and capital markets, and the outlook for the economy remains uncertain.」
Explicitly identifies international tensions, the trend toward a weaker yen, rising prices and supply constraints among the risk factors contributing to uncertainty in overseas economies and financial markets. - FY2024-Q2RestatedAnnual report
「However, as monetary tightening to address inflation continues in countries around the world, there is a risk that a downturn in overseas economies will put downward pressure on the Japanese economy. In addition, uncertainty remains high due to rising prices, supply-side constraints and volatility in financial and capital markets, and economic trends require close attention.」
Continues to identify monetary tightening to address inflation, rising prices, supply constraints and volatility in financial and capital markets as factors underlying uncertainty in overseas economies and financial markets. - FY2024-Q1ReframedAnnual report
「However, as monetary tightening to address inflation continues in countries around the world, there is a risk that a downturn in overseas economies will put downward pressure on the Japanese economy. In addition, uncertainty remains high due to rising prices, supply-side constraints and volatility in financial and capital markets, and economic trends require close attention.」
Reorganizes the description of external-environment risks, shifting from the UK's withdrawal from the EU and trade friction to monetary tightening to address inflation, a downturn in overseas economies, rising prices, supply constraints and volatility in financial and capital markets. - FY2020DroppedAnnual reportThe external-environment risks arising from global trade friction and other factors mentioned in the previous filing are not mentioned in this filing.
- FY2020-Q3RestatedAnnual report
「During the third quarter of the consolidated cumulative period under review, the Japanese economy remained on a gradual recovery trend, with corporate earnings and employment conditions improving as a result of the government's economic measures and monetary policy. However, the outlook remains uncertain due to issues such as global trade friction.」
Reaffirms uncertainty over the outlook caused by global trade friction as an external-environment risk. - FY2020-Q2RestatedAnnual report
「During the second quarter of the consolidated cumulative period under review, the Japanese economy remained on a gradual recovery trend, with corporate earnings and employment conditions improving as a result of the government's economic measures and monetary policy. However, the outlook remains uncertain due to issues such as global trade friction.」
Reaffirms uncertainty over the outlook caused by global trade friction as an external-environment risk. - FY2020-Q1RestatedAnnual report
「During the first quarter of the consolidated cumulative period under review, the Japanese economy remained on a gradual recovery trend, with corporate earnings and employment conditions improving as a result of the government's economic measures and monetary policy. However, the outlook remains uncertain due to issues such as global trade friction.」
Reaffirms uncertainty over the outlook caused by global trade friction as an external-environment risk. - FY2019-Q3RestatedAnnual report
「During the third quarter of the consolidated cumulative period under review, the Japanese economy remained on a gradual recovery trend, with corporate earnings and employment conditions improving as a result of the government's economic measures and monetary policy. However, the outlook remains uncertain due to issues such as global trade friction.」
Restates uncertainty over the outlook caused by global trade friction as an external-environment risk. - FY2019-Q2RestatedAnnual report
「During the second quarter of the consolidated cumulative period under review, the Japanese economy remained on a gradual recovery trend, with corporate earnings and employment conditions improving as a result of the government's economic measures and monetary policy. However, the outlook remains uncertain due to issues such as global trade friction.」
Restates uncertainty over the outlook caused by global trade friction as an external-environment risk. - FY2019-Q1ReframedAnnual report
「During the first quarter of the consolidated cumulative period under review, the Japanese economy remained on a gradual recovery trend, with corporate earnings and employment conditions improving as a result of the government's economic measures and monetary policy. However, the outlook remains uncertain due to issues such as global trade friction.」
Changes the description of external-environment risks from specific factors such as the UK's withdrawal from the EU and uncertainty over US policy to uncertainty over the outlook caused by global trade friction. - FY2018DroppedAnnual reportExternal-environment risks related to the UK's withdrawal from the EU and policy uncertainty overseas are not mentioned in this filing.
- FY2018-Q3SoftenedAnnual report
「During the third quarter of the consolidated cumulative period under review, the Japanese economy remained on a gradual recovery trend, with corporate earnings and employment conditions improving as a result of the government's economic measures and monetary policy. However, the outlook remains uncertain due to policy uncertainty overseas and other factors.」
Rather than specifically citing the UK's withdrawal from the EU and uncertainty over US policy as before, generalizes the discussion as "policy uncertainty overseas." - FY2018-Q2RestatedAnnual report
「During the second quarter of the consolidated cumulative period under review, the Japanese economy remained on a gradual recovery trend, with corporate earnings and employment conditions improving as a result of the government's economic measures and monetary policy. However, the outlook remains uncertain due to the UK's withdrawal from the EU, uncertainty over US policy and other factors.」
Restates uncertainty over the outlook resulting from the UK's withdrawal from the EU and uncertainty over US policy as an external-environment risk. - FY2018-Q1RestatedAnnual report
「During the first quarter of the consolidated cumulative period under review, the Japanese economy remained on a gradual recovery trend, with corporate earnings and employment conditions improving as a result of the government's economic measures and monetary policy. However, the outlook remains uncertain due to the UK's withdrawal from the EU, uncertainty over US policy and other factors.」
Restates uncertainty over the outlook resulting from the UK's withdrawal from the EU and uncertainty over US policy as an external factor. - FY2017WorsenedAnnual report
「During the consolidated fiscal year under review, the Japanese economy remained on a gradual recovery trend, supported by the government's economic measures and monetary policy. However, the outlook remains uncertain due to the UK's withdrawal from the EU, the inauguration of a new US administration and other factors.」
In addition to the UK's withdrawal from the EU, cites the impact of the inauguration of a new US administration, broadening the factors contributing to uncertainty in the overseas and Japanese economies. - FY2017-Q2RestatedAnnual report
「The overseas economy is in an uncertain situation going forward, with sharp market volatility occurring as a result of the UK's withdrawal from the EU and other factors.」
Restates market volatility and overseas economic uncertainty resulting from the UK's withdrawal from the EU and other factors as external-environment risks. - FY2017-Q1First statedAnnual report
「The overseas economy is in an uncertain situation going forward, with sharp market volatility occurring as a result of the UK's decision to leave the EU in a national referendum.」
Cites sharp market volatility triggered by the UK's withdrawal from the EU and uncertainty over the outlook for the overseas economy as external factors.