Yen Appreciation and Stock-Price Instability Associated with the UK’s Decision to Leave the EU
First written in FY2017-Q1. 11 of 21 entries say "Worsened", first in FY2017-Q3. Latest entry: FY2026.
Ochi Holdings moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).
The whole theme swung hardest in 2025: 17 of 20 companies on the "Worse" side.
8 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The outlook continues to be uncertain due to sluggish personal consumption resulting from high prices, the prolonged situation in Ukraine, deteriorating Japan-China relations, and concerns over crude-oil supply and soaring prices resulting from heightened tensions in the Middle East, among other factors.」
In addition to the existing geopolitical risks and high prices, deteriorating Japan-China relations and concerns over crude-oil supply and soaring prices resulting from the situation in the Middle East were identified as new factors of uncertainty. - FY2025WorsenedAnnual report
「The outlook continues to be uncertain due to sluggish personal consumption resulting from prolonged high prices, geopolitical risks in Ukraine and the Middle East, and downside risks to the economy arising from the impact of U.S. trade policy, among other factors.」
In addition to the existing geopolitical risks and high prices, downside risks to the economy arising from U.S. trade policy were newly identified. - FY2024RestatedAnnual report
「However, downside risks to the economy, including soaring energy and raw-material prices and heightened geopolitical risks in Ukraine and the Middle East, remain, and the outlook continues to be uncertain.」
While the effects of COVID-19 have eased, geopolitical risks in Ukraine and the Middle East and uncertainty over the economic outlook due to soaring energy and raw-material prices continue. - FY2024-Q3WorsenedAnnual report
「However, downside risks to the economy, including heightened geopolitical risks in Ukraine and the Middle East, remain, and the outlook continues to be uncertain.」
In addition to the situation in Ukraine, heightened geopolitical risks in the Middle East were identified, broadening the range of factors clouding the economic outlook. - FY2024-Q1RestatedAnnual report
「During the first three months of the fiscal year under review, Japan's economy remained on a gradual recovery track as economic activity normalised following the reclassification of COVID-19 as a Class 5 disease and the easing of domestic restrictions on activities and entry restrictions for overseas visitors. However, downside risks to the economy, including soaring energy and raw-material prices resulting from the prolonged situation in Ukraine, remain, and the outlook continues to be uncertain.」
While economic activity is normalising, uncertainty over the economic outlook due to the prolonged situation in Ukraine and soaring energy and raw-material prices continues. - FY2023-Q3RestatedAnnual report
「During the first nine months of the fiscal year under review, Japan's economy gradually shifted toward living with COVID-19 as the effects of the COVID-19 pandemic continued, and signs of recovery were seen in economic activity and business conditions. However, the outlook for the economy remains uncertain due to soaring energy and raw-material prices resulting from Russia's invasion of Ukraine and rising prices caused by the weaker yen.」
While the effects of COVID-19 continued, the invasion of Ukraine, soaring energy and raw-material prices, and rising prices caused by the weaker yen continued to cloud the economic outlook. - FY2023-Q1WorsenedAnnual report
「However, in addition to soaring energy and raw-material prices resulting from Russia's invasion of Ukraine and the rapid depreciation of the yen, the number of new COVID-19 cases has recently risen sharply, leaving the outlook for the economy still uncertain.」
In addition to the existing trade friction and geopolitical risks, Russia's invasion of Ukraine, soaring energy and raw-material prices, and the rapid depreciation of the yen were identified as new factors clouding the outlook. - FY2022-Q3WorsenedAnnual report
「However, infections from new variants are currently spreading rapidly, while energy prices remain elevated and semiconductor shortages persist, leaving the outlook for the economy still uncertain.」
The rapid spread of infections from new variants, soaring energy prices and semiconductor shortages were explicitly identified as factors clouding the economic outlook, broadening the range of external-environment risks. - FY2020-Q3WorsenedAnnual report
「Meanwhile, the outlook for the economy remains uncertain due to US-China trade friction, geopolitical risks in the Middle East, and the serious labor shortage in Japan, among other factors.」
In addition to the previous US-China trade friction and labor shortage, geopolitical risks in the Middle East were explicitly identified as a factor contributing to uncertainty about the economic outlook. - FY2020-Q1WorsenedAnnual report
「The outlook for the economy remains uncertain, due to factors including concerns about a slowdown in the global economy caused by US-China trade friction and a severe labor shortage in Japan.」
In addition to the previous trade friction and uncertainty in overseas economies, concerns about a slowdown in the global economy caused by US-China trade friction were explicitly identified, broadening the factors contributing to uncertainty about the economic outlook. - FY2019-Q3RestatedAnnual report
「Meanwhile, the outlook for the economy remains uncertain due to the slowdown in emerging-market economies caused by trade friction and the serious labor shortage in Japan, among other factors.」
Uncertainty about the economic outlook due to trade friction, a slowdown in emerging-market economies and labor shortages continues. - FY2019-Q2WorsenedAnnual report
「The outlook for the economy remains uncertain, due to factors including heightened uncertainty in overseas economies caused by trade friction and falling currencies in emerging markets, as well as a severe labor shortage in Japan.」
In addition to the previous trade friction and other factors, uncertainty in overseas economies caused by falling currencies in emerging markets was explicitly identified, broadening the factors contributing to uncertainty about the economic outlook. - FY2019-Q1WorsenedAnnual report
「Meanwhile, the outlook for the economy remains uncertain due to concerns about a serious labor shortage and trade friction, among other factors.」
In addition to the previous overseas economic and geopolitical factors, concerns about trade friction were newly identified as a factor contributing to uncertainty about the economic outlook. - FY2018RestatedAnnual report
「In addition to concerns about a serious labor shortage and rising geopolitical risks, the economic outlook remained uncertain, with the yen tending to strengthen somewhat and stock prices tending to decline from the start of the year.」
Uncertainty about the economic outlook, including geopolitical risk, yen appreciation and falling stock prices, continued for the full fiscal year. - FY2018-Q3RestatedAnnual report
「Meanwhile, the outlook for the economy remains uncertain due to concerns about a serious labor shortage and rising geopolitical risks, among other factors.」
Uncertainty about the economic outlook, including heightened geopolitical risk, continues to be disclosed from the previous quarter. - FY2018-Q2WorsenedAnnual report
「Meanwhile, the outlook for the economy remains uncertain due to concerns about a serious labor shortage and rising geopolitical risks, among other factors.」
In addition to the previous overseas economic factors, heightened geopolitical risk was explicitly identified as a factor contributing to uncertainty about the economic outlook. - FY2018-Q1RestatedAnnual report
「Meanwhile, the outlook for the economy remains uncertain due to concerns about a serious labor shortage and the policies of the US Trump administration, among other factors.」
Uncertainty about the economic outlook, including the policies of the US Trump administration, continues to be disclosed, as in the previous period. - FY2017RestatedAnnual report
「The outlook for the economy remained uncertain, due to factors including the UK's Brexit issue and heightened uncertainty in overseas economies following the formation of a new US administration.」
In addition to the UK's Brexit issue, uncertainty in overseas economies due to the formation of a new US administration continues to be disclosed. - FY2017-Q3WorsenedAnnual report
「The outlook for the economy remains uncertain, due to factors including the UK's Brexit issue and heightened uncertainty in overseas economies following the formation of a new US administration.」
Although turmoil in financial markets was said to have subsided in the previous quarter, the UK's Brexit issue and the formation of a new US administration were identified as new sources of uncertainty, and uncertainty in overseas economies continues. - FY2017-Q2MitigatedAnnual report
「Although further yen appreciation and volatile stock prices following the UK's decision to leave the EU were temporarily a concern, uncertainty about the outlook has eased somewhat as turmoil in financial markets subsided quickly.」
Although concerns remain about further yen appreciation and stock market volatility following the UK's decision to leave the EU, the disclosure states that turmoil in financial markets has subsided and uncertainty about the outlook has eased somewhat. - FY2017-Q1First statedAnnual report
「The outlook for the economy remains uncertain, with concerns including further yen appreciation and volatile stock prices following the UK's decision to leave the EU.」
The disclosure identifies further yen appreciation and volatile stock prices following the UK's decision to leave the EU as new factors contributing to uncertainty about the economic outlook.