Global economic instability caused by the slowdown in the Chinese economy, the UK's withdrawal from the EU and other factors
First written in FY2016-Q3. 1 of 13 entries say "Dropped", first in FY2016. Latest entry: FY2025.
The whole theme swung hardest in 2022: 140 of 172 companies on the "Worse" side.
25 other companies' latest entry also says "Other".
- FY2025Addition of US tariff policy, US-China trade friction and stagnant domestic consumptionAnnual report
「Meanwhile, the outlook remains uncertain due to stagnant personal consumption accompanying domestic price increases, concerns over US tariff policy and the resulting intensification of US-China trade friction, and concerns over geopolitical risks.」
In addition to previously cited high prices and geopolitical risks, it identifies US tariff policy, the intensification of US-China trade friction, and stagnant domestic personal consumption as uncertain external factors. - FY2025-H1Added concerns over a downturn in the global economy due to US tariff policy, the slowdown in the Chinese economy, and geopolitical risksAnnual report
「Meanwhile, prices, including energy prices, remain elevated due to the impact of geopolitical risks such as the prolonged situations in the Middle East and Ukraine. In addition to the slowdown in the Chinese economy, there are numerous downside risks to the global economy stemming from the impact of US tariff increases and related policies, making the outlook even more uncertain.」
It explicitly identifies the situations in the Middle East and Ukraine and high prices, which were previously cited, as well as the slowdown in the Chinese economy, US tariff increases, and downside risks to the global economy. - FY2024Continued yen depreciation, high raw material costs and sluggish consumer activityAnnual report
「During the fiscal year under review, Japan's economy showed signs of recovery as economic activity normalized, supported by improvements in employment and income conditions and growth in inbound demand. However, uncertainty about the outlook has continued owing to rising consumer prices resulting from the prolonged depreciation of the yen and surging raw material prices, along with the resulting sluggish consumer activity.」
While indicating signs of an economic recovery, it identifies prolonged yen depreciation, soaring raw material prices, rising prices, and sluggish consumer activity as uncertain external factors. - FY2024-Q2Explicit mention of concerns about the outlook for the Chinese economy and rising tensions in the Middle EastAnnual report
「During the cumulative second quarter under review, Japan's economy continued to recover moderately, supported by improvements in employment and income conditions and the effects of various policies, despite concerns including global monetary tightening, uncertainty about the outlook for the Chinese economy and rising tensions in the Middle East.」
In addition to monetary tightening and other previously cited factors, the company explicitly identifies uncertainty about the outlook for the Chinese economy and rising tensions in the Middle East as sources of concern. - FY2024-Q1Addition of the Israel-Hamas conflict, yen depreciation, surging prices, declining real wages and abnormal weatherAnnual report
「Amid growing uncertainty about the outlook for the global economy, including the prolonged situation in Ukraine and the outbreak of the Israel-Hamas conflict, Japan's economy has also remained uncertain, owing to factors including further yen depreciation, surging prices, declining real wages and abnormal weather.」
In addition to the situation in Ukraine and monetary tightening, the company adds the Israel-Hamas conflict, yen depreciation, surging prices, declining real wages and abnormal weather as sources of uncertainty in Japan and overseas. - FY2023Continued tightening of monetary policy, geopolitical, resource supply-and-demand and yen depreciation risksAnnual report
「However, a downturn in overseas economies resulting from global monetary tightening has become a downside risk to economic activity, and the outlook remains uncertain amid trends in rising prices and volatility in financial and capital markets.」
In addition to the previous concerns about an economic slowdown and rising prices, the company continues to identify global monetary tightening, a downturn in overseas economies and volatility in financial and capital markets as sources of uncertainty in the external environment. The outlook for the following period also cites geopolitical risks, tight resource supply and demand, and further yen depreciation. - FY2023-Q3Addition of concerns about an economic slowdown and the risk of rising pricesAnnual report
「During the cumulative third quarter under review, concerns about an economic slowdown stemming from the prolonged Russia-Ukraine conflict and monetary policy, as well as downside risks to the economy from rising prices, continued to be identified in Japan. The outlook for the economy therefore remained uncertain.」
In addition to the external-environment risks associated with the Russia-Ukraine conflict and surging resource prices, the company identifies concerns about an economic slowdown resulting from monetary policy and downside risks to the economy from rising prices. - FY2023-Q2Continued surge in resource and raw material pricesAnnual report
「Uncertainty about the outlook has continued, including the impact on personal consumption of globally rising resource and raw material prices resulting from the prolonged Russian invasion of Ukraine.」
Regarding the external-environment risks associated with the situation in Ukraine and surging energy prices, the company describes the prolonged invasion, rising resource and raw material prices, and the impact on personal consumption. - FY2023-Q1Continued surge in energy prices and inflation concernsAnnual report
「During the first quarter under review, Japan's economy showed signs of recovery in economic activity as the spread of COVID-19 vaccines led to the easing of restrictions on activity. However, uncertainty about the outlook has continued, owing to factors including surging energy prices and signs of inflation stemming in part from the situation in Ukraine.」
While noting the easing of activity restrictions and recovery in economic activity following the infectious disease, the company continues to identify surging energy prices and inflation concerns arising from the situation in Ukraine as sources of uncertainty in the external environment. - FY2022-Q3Addition of Russia's invasion, inflation, yen depreciation and new variantsAnnual report
「Russia's invasion of Ukraine caused commodity prices, including crude oil and grain prices, to surge, while accelerating monetary tightening in advanced economies as an anti-inflation measure and triggering a sharp depreciation of the yen. In addition, the spread of COVID-19 resumed following the emergence of new variants from July this year. In light of these developments in Japan and overseas, we believe it is necessary to continue closely monitoring the outlook for future economic activity.」
In addition to the previous geopolitical uncertainty, the company adds Russia's invasion of Ukraine, surging commodity prices, monetary tightening, the sharp depreciation of the yen and the spread of infection caused by new variants as factors in Japan and overseas that require close monitoring. - FY2022-Q2Addition of geopolitical uncertaintyAnnual report
「During the cumulative second quarter under review, Japan's economy showed signs of moving toward normalization following the contraction in economic activity caused by the COVID-19 pandemic. However, difficult conditions have continued amid persistent uncertainty, including that arising from the situation in Ukraine.」
In describing the external environment for the global and domestic economies, the company adds uncertainty arising from the situation in Ukraine to the previously cited impact of the infectious disease. - FY2016DroppedAnnual report
「To respond flexibly to economic conditions and trends in the self-storage industry, while pursuing continued business growth and a stable management foundation, we recognize the following matters as key challenges in our future business development and will work to address them.」
The individual factors of the Chinese economic slowdown and the UK's withdrawal from the EU are not explicitly mentioned in this filing and have been replaced by a more general reference to economic conditions. - FY2016-Q3First statedAnnual report
「Factors contributing to instability in the global economy, such as the slowdown in the Chinese economy and the UK's withdrawal from the EU, have increased, and signs of a slowdown have emerged in Japan's exports, capital investment and consumption.」
The company identifies the growing instability of the external environment and signs of a slowdown in the domestic economy as risks.