Uncertainty arising from overseas economic conditions, resource prices, exchange rates and stock prices
First written in FY2016-Q3. 20 of 37 entries say "Worsened", first in FY2016. Latest entry: 2026-09-30.
Inaba Seisakusho moved to the "Worse" side of this theme in 2016, 6 years before the typical company in this theme (2022).
The whole theme swung hardest in 2020: 23 of 34 companies on the "Worse" side.
52 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period under review, the Japanese economy remained on a moderate recovery trend, but the outlook remained uncertain due to the continuing risks surrounding the situation in Ukraine and the Middle East, the stagnation of the Chinese economy and U.S. trade policies.」
Uncertainty over the outlook for the Japanese economy due to geopolitical risks, the stagnation of the Chinese economy and U.S. trade policies continues. - FY2025WorsenedAnnual report
「During the consolidated fiscal year under review, the Japanese economy remained on a moderate recovery trend, but the outlook remained uncertain due to the continuing risks surrounding the situation in Ukraine and the Middle East, the stagnation of the Chinese economy, continued inflation and the implementation of reciprocal tariffs by the United States.」
In addition to the existing geopolitical risks, inflation and stagnation of the Chinese economy, it cites the implementation of reciprocal tariffs by the United States as a new factor contributing to uncertainty. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period under review, the Japanese economy remained on a moderate recovery trend, but the outlook remained uncertain due to continuing risks surrounding the situation in Ukraine and the Middle East, the stagnation of the Chinese economy, higher energy and raw material prices, and stagnant personal consumption amid high prices.」
It cites the situation in Ukraine and the Middle East, the stagnation of the Chinese economy, higher energy and raw material prices, and stagnant personal consumption as factors contributing to uncertainty, and continues to recognize the outlook as uncertain. - FY2024WorsenedAnnual report
「In the following consolidated fiscal year, the economy is expected to remain on a moderate recovery trend, but the outlook is expected to be extremely uncertain due to continuing risks surrounding the situation in Ukraine and the Middle East and surging prices for various materials.」
In addition to the existing situation in Russia and Ukraine and other factors, it cites risks surrounding the situation in the Middle East, stating that the outlook for the following fiscal year will be “extremely uncertain.” - FY2024-Q3RestatedAnnual report
「On the other hand, the outlook remains uncertain due to higher energy and raw material prices resulting from the prolonged situation in Russia and Ukraine, as well as stagnant personal consumption amid high prices.」
It continues to cite the situation in Russia and Ukraine, higher energy and raw material prices, and stagnant personal consumption as factors contributing to uncertainty over the outlook. - FY2024-Q2RestatedAnnual report
「On the other hand, the outlook remains uncertain due to higher energy and raw material prices resulting from the prolonged situation in Russia and Ukraine, as well as stagnant personal consumption amid high prices.」
It continues to cite the prolonged situation in Russia and Ukraine, higher energy and raw material prices, and stagnant personal consumption as factors contributing to uncertainty over the outlook. - FY2024-Q1RestatedAnnual report
「On the other hand, the outlook remains uncertain due to higher energy and raw material prices resulting from the prolonged situation in Russia and Ukraine, as well as stagnant personal consumption amid high prices.」
While acknowledging an economic recovery resulting from the easing of activity restrictions and the recovery in inbound demand, it continues to recognize an uncertain outlook due to higher energy and raw material prices and stagnant personal consumption. - FY2023-Q3WorsenedAnnual report
「During the cumulative period for the third quarter under review, economic activity showed signs of recovery as a result of various measures, including the implementation of nationwide travel assistance and the easing of border controls. However, the outlook remains uncertain due to the situation in Russia and Ukraine, rapidly accelerating yen depreciation and inflation resulting from surging resource and energy prices.」
While acknowledging the recovery trend in economic activity, it explicitly identifies the rapid depreciation of the yen, surging resource and energy prices, and inflation as new factors contributing to uncertainty. - FY2023-Q2RestatedAnnual report
「Downward pressure on the economy has increased due to surging resource and energy prices resulting from the situation in Russia and Ukraine and higher import costs caused by the weaker yen, and the outlook remains uncertain.」
Uncertainty surrounding the economy due to the situation in Russia and Ukraine, the weaker yen, and surging resource and energy prices continues. - FY2023-Q1WorsenedAnnual report
「As high resource prices and a weaker yen continued to drive inflation, the environment surrounding households and companies became increasingly challenging, with declines in households’ real income and rising corporate costs. The outlook remained uncertain, with concerns growing over a recession amid fears of a simultaneous eighth wave of COVID-19 and seasonal influenza infections.」
In addition to the existing uncertainty caused by high resource prices and infectious diseases, it cites inflation resulting from the weaker yen, declining household real income, rising corporate costs, a simultaneous eighth wave of COVID-19 and seasonal influenza infections, and concerns over a recession. - FY2022WorsenedAnnual report
「The company expects conditions that will depress profit levels to continue, including an anticipated increase in manufacturing costs due to higher prices for steel and paint, its principal materials, and is operating in a challenging business environment.」
In addition to the existing pandemic, the situation in Russia and Ukraine, and uncertainty surrounding energy and raw material prices, it states that higher steel and paint prices are expected to continue increasing manufacturing costs in the following fiscal year. - FY2022-Q3WorsenedAnnual report
「Currently, the economic outlook remains uncertain due to the situation in Russia and Ukraine and the resulting further increases in energy and raw material prices.」
In addition to the existing COVID-19 pandemic and higher raw material prices, it cites the situation in Russia and Ukraine and the resulting further increases in energy and raw material prices as factors contributing to uncertainty. - FY2022-Q2WorsenedAnnual report
「However, in addition to the impact of the spread of the Omicron variant after the start of the year, raw material prices and fuel prices, including crude oil, have continued to rise, leaving the economic outlook uncertain.」
In addition to the existing uncertainty surrounding COVID-19, it cites the spread of the Omicron variant, higher raw material prices and higher fuel prices as new factors contributing to uncertainty. - FY2022-Q1WorsenedAnnual report
「On the other hand, concerns have arisen over the impact on the economy as concerns over the emergence and spread of a sixth wave of infections have grown, while resource prices, including crude oil and nonferrous metals, and commodity prices have continued to rise.」
While acknowledging signs of a recovery in economic activity, it cites concerns over a sixth wave of infections and higher resource and commodity prices as new factors contributing to uncertainty. - FY2021-Q3RestatedAnnual report
「During the cumulative period for the third quarter under review, the Japanese economy showed some signs of recovery, partly due to the effects of the government’s economic measures. However, the outlook remained uncertain due to the effects of the reissuance of the declaration of a state of emergency to address COVID-19.」
While acknowledging some recovery due to the government’s economic measures, it continues to cite uncertainty over the outlook resulting from the reissuance of the declaration of a state of emergency and other factors. - FY2021-Q2WorsenedAnnual report
「During the cumulative period for the second quarter under review, the Japanese economy showed some signs of recovery, partly due to the effects of the government’s economic measures. However, the outlook remained uncertain due to the effects of the reissuance of the declaration of a state of emergency to address COVID-19.」
While acknowledging some recovery due to the government’s economic measures, it cites the effects of the reissuance of the declaration of a state of emergency as a new factor contributing to uncertainty. - FY2021-Q1RestatedAnnual report
「During the cumulative period for the first quarter under review, the Japanese economy showed some signs of recovery, partly due to the effects of the government’s economic measures. However, the outlook remained uncertain due to concerns over a renewed spread of the impact of COVID-19.」
While acknowledging some recovery due to the government’s economic measures, it continues to cite concerns over a renewed spread of the impact of COVID-19 and uncertainty over the outlook. - FY2020WorsenedAnnual report
「In addition to the protracted trade dispute between the United States and China, the timing of containment of the globally expanding COVID-19 pandemic remained unforeseeable, and the outlook for both the global and Japanese economies remained uncertain.」
It states that, in addition to the existing U.S.-China trade dispute and other factors, the global spread of COVID-19 and uncertainty over the timing of containment had heightened uncertainty surrounding the global and Japanese economies. - FY2020-Q3WorsenedAnnual report
「In 2020, the global spread of the novel coronavirus (COVID-19) caused a slowdown in economic activity and other effects, and concerns remained over the growing impact on the real economy as the timing of containment could not be forecast.」
In addition to the previous uncertainty surrounding overseas economies and external demand, the stagnation of economic activity caused by the global spread of COVID-19 and uncertainty over the timing of containment were added, raising concerns over a growing impact on the real economy. - FY2020-Q2WorsenedAnnual report
「During the cumulative period for the second quarter under review, the Japanese economy remained on a moderate recovery trend against the backdrop of improvements in employment and income conditions. However, the outlook remained uncertain due to the global economic slowdown, slower corporate production activity and exports resulting from intensifying U.S.-China trade friction, and the United Kingdom’s withdrawal from the EU.」
It cites the global economic slowdown, slower corporate activity and exports resulting from intensifying U.S.-China trade friction, and the United Kingdom’s withdrawal from the EU as factors contributing to uncertainty. - FY2020-Q1WorsenedAnnual report
「During the cumulative period for the first quarter under review, domestic demand continued to support the Japanese economy while external demand remained weak against the backdrop of the global economic slowdown and U.S.-China trade friction. However, the outlook remained uncertain due to restrained household consumption following the consumption tax increase, corporate inventory adjustments resulting from weak external demand and restrained capital investment.」
In addition to the continuing global economic slowdown and U.S.-China trade friction, it cites restrained household consumption following the consumption tax increase, inventory adjustments and restrained capital investment, stating that the outlook remained uncertain. - FY2019-Q3WorsenedAnnual report
「During the cumulative period for the third quarter under review, the Japanese economy remained on a moderate recovery trend, but robust external demand, inventory investment and replacement demand for durable goods, which had previously driven the economy, peaked, and the economy reached a plateau. In addition, business sentiment deteriorated against the backdrop of the slowdown in the global economy resulting from trade friction between the United States and China and increasingly serious labor shortages in Japan, leaving the economic outlook uncertain.」
It states that, in addition to the peaking of external demand and other factors, U.S.-China trade friction and labor shortages, business sentiment deteriorated and uncertainty over the economic outlook increased. - FY2019-Q2RestatedAnnual report
「During the cumulative period for the second quarter under review, the Japanese economy reached a plateau as robust external demand, inventory investment and replacement demand for durable goods, which had previously driven the economy, peaked. In addition, the slowdown in the global economy resulting from trade friction between the United States and China and increasingly serious labor shortages in Japan affected the economy, and the outlook required close attention.」
It continues to cite the peaking of external demand and other factors, the slowdown in the global economy resulting from U.S.-China trade friction and labor shortages in Japan as factors contributing to uncertainty over the economic outlook. - FY2019-Q1WorsenedAnnual report
「During the cumulative period for the first quarter under review, the Japanese economy reached a plateau as robust external demand, inventory investment and replacement demand for durable goods, which had previously driven the economy, peaked. In addition, the slowdown in the global economy resulting from trade friction between the United States and China and increasingly serious labor shortages in Japan affected the economy, and the outlook required close attention.」
It cites the peaking of external demand and other factors, the slowdown in the global economy resulting from U.S.-China trade friction and the worsening labor shortage in Japan, stating that the economic outlook required close attention. - FY2018WorsenedAnnual report
「In addition to labor shortages and rising raw material prices, uncertainty increased rapidly due to growing conflict and concern over the U.S. administration’s protectionist trade policies.」
It states that uncertainty surrounding the economic environment increased rapidly due to intensifying conflict over U.S. protectionist trade policies, in addition to rising raw material prices. - FY2018-Q3WorsenedAnnual report
「However, the outlook for overseas economies, which have supported the Japanese economy to date, has become more uncertain due to the risk of a stronger yen and higher crude oil prices, as well as concerns over the protectionist policies of the U.S. administration.」
It states that uncertainty surrounding overseas economies has increased due to the risk of a stronger yen and higher crude oil prices, as well as concerns over the protectionist policies of the U.S. administration. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, the domestic economy continued on a moderate recovery trend, with corporate earnings and employment and income conditions improving, although uncertainty remained due to economic and trade policy developments in various countries and concerns about the future of emerging-market economies.」
The recognition remains that uncertainty persists due to the economic and trade policies of various countries and concerns over the outlook for emerging-market economies. - FY2017RestatedAnnual report
「During the consolidated fiscal year, the domestic economy followed a moderate recovery trend, with corporate earnings and employment conditions continuing to improve, although uncertainty remained over the economic outlook due to US policy developments and concerns about the future of the Chinese and emerging-market economies.」
The company indicates that uncertainty remains due to US policy developments and concerns about the future of the Chinese and emerging-market economies. - FY2017-Q3RestatedAnnual report
「However, uncertainty over the outlook for the domestic economy continued due to the UK's EU withdrawal issue, policy developments under the new US administration, and slowing emerging-market economies.」
The company cites the UK's EU withdrawal issue, the new US administration, and slowing emerging-market economies as sources of uncertainty, and indicates that the outlook for the domestic economy remains uncertain. - FY2017-Q2WorsenedAnnual report
「The outlook for the domestic economy remained uncertain as the economy and share and foreign-exchange markets became unstable due to downside risks from slowing economies, particularly in emerging and resource-producing countries, and the impact of the inauguration of the new US president, among other factors.」
The company cites slowing economies in emerging and resource-producing countries, the impact of the inauguration of the new US president, and instability in foreign-exchange and share markets as sources of uncertainty. - FY2017-Q1WorsenedAnnual report
「Meanwhile, uncertainty over the outlook for the domestic economy has increased due to further yen appreciation and heightened uncertainty in overseas economies.」
The company states that further yen appreciation and heightened uncertainty in overseas economies have increased uncertainty over the outlook for the domestic economy. - FY2016WorsenedAnnual report
「The outlook for the economy remained uncertain due to downside risks to overseas economic conditions, including the slowdown in the Chinese economy, declining resource prices, further yen appreciation and share-price declines following the victory of the UK's EU withdrawal camp in the referendum, and sluggish personal consumption.」
In addition to the previously cited overseas economic conditions, resource prices, and yen appreciation and share-price declines, the UK's EU withdrawal vote and sluggish personal consumption have emerged as sources of uncertainty. - FY2016-Q3First statedAnnual report
「However, the outlook for the domestic economy remained uncertain due to downside risks to overseas economic conditions, including the slowdown in the Chinese economy, declining resource prices, and the yen's appreciation and share-price declines since the beginning of the year.」
The company cites downside risks to overseas economic conditions, declining resource prices, and yen appreciation and share-price declines as risks to the outlook for the domestic economy.