Risk of Economic Downturn from Volatility in Overseas Economies and Financial Markets and from Natural Disasters
First written in FY2016-Q2. 19 of 29 entries say "Restated". Latest entry: 2026-07-15.
The Japan Wool Textile moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2019: 7 of 15 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- 2026-07-15WorsenedEarnings presentation
「● There is a risk that the situation in the Middle East could result in higher prices for certain raw materials and higher energy costs.」
In addition to existing geopolitical and overseas economic risks, the business environment now specifically includes the potential impact of higher raw material prices and energy costs arising from the situation in the Middle East. - FY2025WorsenedAnnual report
「The global economy also faces increasingly severe geopolitical risks, including the rise of protectionism in various countries, led by U.S. tariff policy, the invasion of Ukraine, and the unstable situation in the Middle East. Reviewing supply chains has also become essential. With China's economic recovery still uncertain, we expect the challenging business environment to continue.」
He specified the risks in addition to the existing geopolitical and overseas economic risks, including U.S. tariff policy, protectionism, the situations in Ukraine and the Middle East, and China's economic stagnation, and indicated that the risks were increasing. - FY2025-H1WorsenedAnnual report
「Meanwhile, uncertainty is increasing in the domestic and overseas political and economic environments,」
He indicated that uncertainty was increasing in the political and economic environment in Japan and overseas. - FY2024-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It has been reconfirmed that there are no new business or other risks or significant changes to existing risks. - FY2024-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no new business or other risks or significant changes in existing risks. - FY2023WorsenedAnnual report
「In addition, the outlook remains more uncertain than before due to the prolonged situation in Ukraine, heightened tensions in the Middle East, surging resource and energy prices, inflation accompanying foreign-exchange fluctuations and other factors. The economic slowdown resulting from worsening real estate market conditions in China and other factors is also affecting each business field.」
In addition to the previously cited uncertainty in overseas economies and financial markets, the company cites the situation in Ukraine, the situation in the Middle East, resource and energy prices, foreign-exchange movements and worsening real estate market conditions in China as specific sources of uncertainty. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It has been reconfirmed that there are no new business or other risks or significant changes to existing risks. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no new business or other risks and no significant changes to the business and other risks described in the annual securities report for the preceding fiscal year. The company will continue to closely monitor the impact of the spread of COVID-19 on its business.」
While reporting no new risks or significant changes to existing risks, the company continues to closely monitor the impact of the spread of COVID-19 on its business. - FY2023-Q1RestatedAnnual report
「The recovery in economic activity will still take time, and uncertainty is expected to continue in fiscal 2023,」
The company indicates that the recovery in economic activity will take time and that uncertainty will continue in fiscal 2023. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no new business or other risks and no significant changes to the business and other risks described in the annual securities report for the preceding fiscal year. The company will continue to closely monitor the impact of the spread of COVID-19 on its business.」
While reporting no new risks or significant changes to existing risks, the company continues to closely monitor the impact of the spread of COVID-19 on its business. - FY2022-Q2WorsenedAnnual report
「The outlook remains uncertain due to the impact of COVID-19, the rapid depreciation of the yen and soaring material and energy costs, among other factors,」
In addition to the previously cited uncertainty in overseas economies and financial markets, the company specifies the rapid depreciation of the yen and soaring material and energy costs as sources of uncertainty in the operating environment. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no new business or other risks and no significant changes to the business and other risks described in the annual securities report for the preceding fiscal year. The company will continue to closely monitor the impact of the spread of COVID-19 on its business.」
While reporting no new risks or significant changes to existing risks, the company continues to closely monitor the impact of the spread of COVID-19 on its business. - FY2021RestatedAnnual report
「The spread of COVID-19 remains an unpredictable situation, including because of the emergence of variants. In Japan, the repeated declarations of a state of emergency are considered to have had a significant impact on corporate activities and increased fatigue among the public.」
The impact of the spread of the virus, variants and declarations of a state of emergency on corporate activities continues to be recognized as a risk in the operating environment. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no new business or other risks and no significant changes to the business and other risks described in the annual securities report for the preceding fiscal year. The company will continue to closely monitor the impact of the spread of COVID-19 on its business.」
While reporting no new risks or significant changes to existing risks, the company states that it will continue to closely monitor the impact of the spread of COVID-19 on its business. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter under review, there were no new business or other risks and no significant changes to the business and other risks described in the annual securities report for the preceding fiscal year. The company will continue to closely monitor the impact of the spread of COVID-19 on its business.」
While reporting no new risks or significant changes to existing risks, the company explains that it will continue to closely monitor the impact of the spread of COVID-19 on its business. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It has been reconfirmed that there are no new business or other risks or significant changes to existing risks. The impact of COVID-19 is described separately. - FY2020-Q1MaterialisedAnnual report
「Musical-instrument materials in the Lifestyle-Related Materials business performed poorly due to the downturn in the Chinese economy.」
Uncertainty in overseas economies and the risk of a slowdown in the Chinese economy are reflected in actual results as weak performance in musical-instrument materials. - FY2019-Q3MaterialisedAnnual report
「Sales of felt for musical instruments in the Lifestyle-Related Materials business had been solid but slowed due to the downturn in the Chinese economy.」
While the business and other risks section reports no significant changes, it states that the downturn in the Chinese economy was reflected in actual results as a slowdown in Lifestyle-Related Materials. - FY2019-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company reports no new business or other risks and no significant changes to the risks described in the preceding fiscal year. - FY2019-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company reports no new business or other risks and no significant changes to the risks described in the preceding fiscal year. - FY2018WorsenedAnnual report
「Looking overseas, an uncertain economic environment continues due to the impact of US-China trade friction and developments in trade issues on the global economy, uncertainty in overseas economies, fluctuations in financial and capital markets and other factors.」
In addition to the previously cited uncertainty in overseas economies and financial markets, US-China trade friction and trade issues are cited as specific sources of uncertainty. - FY2018-Q3WorsenedAnnual report
「During the cumulative third quarter under review, the economy as a whole continued on a moderate recovery trend, with improvements seen in employment conditions and corporate performance, although attention was required regarding the effects of abnormal weather, including extreme heat and major typhoons, frequent earthquakes, uncertainty in overseas economies, fluctuations in financial and capital markets and other factors.」
In addition to the previously cited uncertainty in overseas economies and financial markets, the company newly specifies the effects of extreme heat, major typhoons and frequent earthquakes as matters requiring attention. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, improvements were seen in employment conditions and corporate performance, and the economy continued on a moderate recovery trend.」
The company indicates that the economic environment remains on a moderate recovery trend and reports no new risks or significant changes in business or other risks. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter under review, the economy as a whole continued on a moderate recovery trend, with improvements seen in employment conditions and corporate performance despite uncertainty in overseas economies and fluctuations in financial and capital markets.」
While continuing to recognize uncertainty in overseas economies and fluctuations in financial and capital markets, the company reports no new business or other risks or significant changes. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter under review, the economy as a whole continued on a moderate recovery trend, supported by improving employment conditions and signs of recovery in corporate capital investment and personal consumption, despite the effects of uncertainty in overseas economies and fluctuations in financial and capital markets.」
While recognizing uncertainty in overseas economies and fluctuations in financial and capital markets, the company indicates that the economy overall remains on a moderate recovery trend. No new business or other risks or significant changes are reported. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter under review, the economy as a whole continued on a moderate recovery trend, supported by improving employment conditions and signs of recovery in corporate capital investment and personal consumption, despite uncertainty over the outlook due to unstable overseas political conditions, foreign-exchange volatility and rising energy prices.」
Overseas political conditions, foreign-exchange volatility and rising energy prices are cited as new specific examples, while the overall view is that the economy remains on a moderate recovery trend. - FY2017-Q1RestatedAnnual report
「During the cumulative first quarter under review, the economy as a whole continued on a moderate recovery trend, although some delays in the improvement of domestic economic conditions were seen due to rising uncertainty in overseas economies, fluctuations in financial and capital markets and other factors.」
Downside risks to the economy from uncertainty in overseas economies and fluctuations in financial and capital markets continue to be recognized. - FY2016-Q3RestatedAnnual report
「During the cumulative third quarter under review, the economic environment remained on a moderate recovery trend overall, although concerns arose over downside risks to the economy from rising uncertainty in overseas economies, including the UK's departure from the EU, economic downturns in emerging Asian and resource-producing countries, fluctuations in financial and capital markets and other factors, as well as the economic impact of the 2016 Kumamoto Earthquake.」
Specific examples, including the UK's departure from the EU and economic downturns in emerging Asian and resource-producing countries, are cited, but no significant changes are reported in the risk section. - FY2016-Q2First statedAnnual report
「Although rising uncertainty in overseas economies, fluctuations in financial and capital markets and other factors posed downside risks to the economy, and concerns were also raised about the economic impact of the 2016 Kumamoto Earthquake, the economy as a whole continued on a moderate recovery trend.」
Downside risks to the economy from overseas economies, financial and capital markets and the Kumamoto Earthquake are recognized as risks.