Uncertainty arising from international political developments and geopolitical concerns
First written in FY2018-Q1. 11 of 18 entries say "Restated". Latest entry: 2026-05-01.
Joyful Honda moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 46 of 79 companies on the "Worse" side.
32 other companies' latest entry also says "Restated".
- 2026-05-01RestatedEarnings
「The outlook remains uncertain due to downside risks to economic conditions arising from U.S. economic policy and stagnation in the Chinese economy, as well as geopolitical risks such as soaring crude oil prices resulting from the worsening situation in the Middle East.」
Uncertainty surrounding U.S. economic policy, the Chinese economy, the situation in the Middle East and crude oil prices continues to be cited. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, Japan's economy showed a gradual recovery alongside improvements in employment and income conditions, while economic activity continued to normalize. However, the economic outlook remains uncertain due to the impact of U.S. tariff policies, the slowdown in the Chinese economy, persistently high raw material prices, and rising logistics costs.」
While recognizing the normalization of economic activity, we continue to describe U.S. tariff policy, the slowdown in the Chinese economy, and higher raw material and logistics costs as international and economic uncertainties. - FY2025RestatedAnnual report
「During the fiscal year under review, Japan's economy showed a gradual recovery, supported by a rebound in personal consumption and strong inbound demand. However, the outlook remains uncertain due to the effects of changes in U.S. economic policy, stagnation in the Chinese economy, geopolitical risks arising from global political instability, and surging prices associated with higher raw material and logistics costs.」
While recognizing the economic recovery and inbound demand, we continue to describe the uncertainty caused by U.S. policy, the Chinese economy, political instability, and surging prices. - FY2025-H1RestatedAnnual report
「The outlook remains uncertain, as concerns persist about the effects of surging prices caused by higher raw material and logistics costs, the slowdown in the Chinese economy, and geopolitical risks related to the situations in Ukraine and the Middle East.」
Regarding geopolitical risks, we explicitly refer to the situation in the Middle East in addition to Ukraine, and continue to express concern about the economic impact through raw material and logistics costs and prices. - FY2024-Q2RestatedAnnual report
「Meanwhile, the impact of rising prices resulting from the prolonged depreciation of the yen and soaring raw material and energy prices has also been substantial, and the economic environment remains uncertain.」
We have reaffirmed the uncertainty about the outlook caused by yen depreciation against the backdrop of international financial and resource conditions, soaring raw material and energy prices, and rising prices. - FY2024-Q1RestatedAnnual report
「The economic environment remains challenging, with prolonged yen depreciation and surging raw material and energy prices, and uncertainty about the outlook continues.」
We continue to describe the uncertainty about the outlook caused by yen depreciation against the backdrop of international financial and resource conditions, as well as soaring raw material and energy prices. - FY2023-Q1RestatedAnnual report
「The domestic economy has been significantly affected by higher prices resulting from shortages of raw materials and food caused by the prolonged situation in Ukraine, as well as rapid yen depreciation due in part to U.S. monetary policy. The outlook therefore remains uncertain.」
We continue to recognize shortages of raw materials and food, rising prices, and yen depreciation, against the backdrop of the situation in Ukraine and U.S. monetary policy, as international uncertainties. - FY2022WorsenedAnnual report
「The prolonged situation in Ukraine drove up crude oil and raw material prices, while the impact of U.S. monetary policy and other factors led to a rapid depreciation of the yen and rising prices. The environment surrounding personal consumption has consequently become more challenging, and uncertainty about the outlook continues.」
Regarding geopolitical risks, the company adds the situation in Ukraine as a specific factor and describes its impact on personal consumption through crude oil and raw material prices, foreign exchange rates and prices. - FY2022-Q3WorsenedAnnual report
「The recovery of the global economy from the COVID-19 pandemic and geopolitical risks associated with the situation in Ukraine began to have a significant impact on global crude oil prices and supply and demand. The resulting substantial price increases for daily necessities have had a very significant impact on people’s lives and corporate activities, and the outlook remains uncertain.」
Regarding international political and geopolitical risks, the company identifies the situation in Ukraine as a new specific factor and describes its impact through crude oil prices and supply and demand and price increases for daily necessities. - FY2020WorsenedAnnual report
「During the fiscal year, Japan’s economy remained in an extremely unstable consumption environment due to prolonged U.S.-China trade friction, heightened tensions in the Middle East and on the Korean Peninsula, and the severe global impact of COVID-19.」
The company expanded its risk assessment to include an extremely unstable consumption environment, including the severe global impact of COVID-19, in addition to overseas trade and geopolitical concerns. - FY2020-Q2RestatedAnnual report
「During the first 2 quarters of the fiscal year, Japan’s economy faced concerns about the outlook for overseas economies, including prolonged U.S.-China trade friction and heightened tensions in the Middle East and on the Korean Peninsula, and the consumption environment remained uncertain.」
The company continues to describe an uncertain consumption environment due to uncertainty in overseas economies arising from U.S.-China trade friction and conditions in the Middle East and on the Korean Peninsula. - FY2020-Q1ReframedAnnual report
「During the first quarter of the fiscal year, Japan’s economy was on a gradual recovery trend due in part to improvements in domestic employment and income conditions. However, the consumption environment remained uncertain amid concerns about the outlook for overseas economies, including prolonged U.S.-China trade friction and heightened tensions in the Middle East and on the Korean Peninsula.」
The explanation of overseas risks has shifted to prolonged U.S.-China trade friction and heightened tensions in the Middle East and on the Korean Peninsula. - FY2019-Q3ReframedAnnual report
「Overseas, various uncertain factors remain, including the direction of U.S.-China trade negotiations, the prospects for a U.S.-North Korea summit, and developments related to the United Kingdom’s withdrawal from the EU.」
The explanation of overseas risks has shifted from the previous focus on the political situations in the United States and Europe and geopolitical concerns to specific issues including U.S.-China trade negotiations, a U.S.-North Korea summit and the United Kingdom’s withdrawal from the EU. - FY2019-Q2RestatedAnnual report
「Overseas, various destabilizing factors remain, including U.S. trade policy and the responses of other countries, U.S. policy rate hikes and their impact on economies worldwide, developments in the United Kingdom’s negotiations to leave the EU, and U.S. economic sanctions against Iran and their impact on crude oil prices.」
The company continues to recognize overseas destabilizing factors as risks, including U.S. trade policy and interest rates, the United Kingdom’s withdrawal from the EU, excessive debt in various countries, and sanctions against Iran and crude oil prices. - FY2019-Q1WorsenedAnnual report
「Overseas, various destabilizing factors remain, including U.S. trade policy and the responses of other countries, U.S. policy rate hikes and their impact on economies worldwide, developments in the United Kingdom’s negotiations to leave the EU, excessive debt in various countries, and U.S. economic sanctions against Iran and their impact on crude oil prices.」
In addition to the political situations in the United States and Europe and geopolitical concerns previously identified, the company has expanded the specific destabilizing factors to include trade policy, policy rates, the United Kingdom’s withdrawal from the EU, excessive debt, sanctions against Iran and crude oil prices. - FY2018-Q3RestatedAnnual report
「Uncertainty has increased due to instability in the political situations in the United States and Europe and heightened geopolitical concerns, and the outlook remains uncertain.」
Uncertainty about the outlook due to the political situations in the United States and Europe and heightened geopolitical concerns continues. - FY2018-Q2RestatedAnnual report
「Uncertainty has increased due to instability in the political situations in the United States and Europe and heightened geopolitical concerns, and the outlook remains uncertain.」
Uncertainty about the outlook due to the political situations in the United States and Europe and heightened geopolitical concerns continues. - FY2018-Q1First statedAnnual report
「Uncertainty has increased due to instability in the political situations in the United States and Europe and heightened geopolitical concerns, and the outlook remains uncertain.」
The company cites the political situations in the United States and Europe and heightened geopolitical concerns as sources of uncertainty about the outlook.