Increasing Uncertainty in the Business Environment Due to U.S. Tariff Policy, Rising Prices and Exchange-Rate Fluctuations
First written in FY2025. 1 of 5 entries say "Reframed", first in 2026-05-08. Latest entry: FY2026.
The whole theme swung hardest in 2020: 40 of 57 companies on the "Worse" side.
16 other companies' latest entry also says "Other".
- FY2026Updated the uncertainty factors to US trade policy, the situation in the Middle East and higher crude oil pricesAnnual report
「During the current consolidated fiscal year, Japan's economy continued on a gradual recovery trend due to improvements in employment and income conditions. However, prices rose as a result of US trade policy, heightened tensions in the Middle East and the resulting increase in crude oil prices, among other factors. The effects spread to household finances and corporate activity, and the outlook remained uncertain.」
While describing a gradual recovery trend, the company identified US trade policy, heightened tensions in the Middle East, higher crude oil prices and inflation as factors contributing to an uncertain outlook. - FY2026-H1Updated the uncertainty factors to US policy, geopolitical risks and financial-market volatilityAnnual report
「During the interim consolidated accounting period, Japan's economy remained on a gradual recovery trend overall, supported by improvements in employment and income conditions. However, the outlook remains uncertain due to the impact of US policy developments, prolonged geopolitical risks and volatility in the financial and capital markets.」
While describing a gradual recovery trend, the company identified US policy developments, prolonged geopolitical risks and volatility in the financial and capital markets as factors contributing to an uncertain outlook. - FY2025First statedAnnual report
「Japan's economy is expected to remain on a gradual recovery trend as employment and income conditions improve. However, the outlook is expected to remain uncertain due to the impact of US tariff policy, in addition to sharp exchange-rate fluctuations and persistent inflation.」
Sharp exchange-rate fluctuations, persistent inflation and US tariff policy were explicitly identified for the first time as factors contributing to uncertainty in the business environment.