Emerging-market slowdown, foreign-exchange and stock-price volatility, falling resource prices, and uncertainty surrounding private consumption
First written in FY2017-Q1. 6 of 12 entries say "Restated". Latest entry: FY2022-Q3.
The whole theme swung hardest in 2020: 146 of 167 companies on the "Worse" side.
59 other companies' latest entry also says "Restated".
- FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is explicitly stated that there have been no material changes in the occurrence of major risks or in the risks identified in the previous fiscal year. - FY2020WorsenedAnnual report
「Within our group, the spread of COVID-19 led to a temporary decline in performance at 株式会社アップルワールド, a consolidated subsidiary engaged in the overseas hotel reservation system business for domestic travel agencies, as travel restrictions and other measures in Japan and overseas from February 2020 resulted in cancellations of existing business and leisure reservations and a decline in new reservations.」
In addition to the previous macroeconomic uncertainty, the spread of COVID-19 and travel restrictions had a specific impact on business performance. - FY2020-Q3Partial US-China trade agreement and additional international tensionsAnnual report
「During the nine-month period, Japan’s economy was on a gradual recovery path, supported by improvements in employment and income conditions, although exports remained weak. Although the United States and China reached a partial agreement on trade friction, uncertainty persisted due to factors including tensions between the United States and Iran and the United Kingdom’s withdrawal from the EU.」
In addition to the previous references to US-China trade friction and the United Kingdom’s withdrawal from the EU, further sources of uncertainty were identified, including tensions between the United States and Iran despite the partial US-China trade agreement. - FY2020-Q2Further specification of US-China trade friction and emerging-market slowdownAnnual report
「During the six-month period, Japan’s economy was on a gradual recovery path, supported by improvements in employment and income conditions, although exports remained weak and uncertainty persisted due to US-China trade friction and an economic slowdown in emerging markets.」
The previous references to trade friction and an emerging-market slowdown were made more specific as US-China trade friction and weakness in exports. - FY2020-Q1Addition of trade frictionAnnual report
「During the cumulative first-quarter period, Japan’s economy was on a gradual recovery path, supported by improvements in employment and income conditions, although uncertainty remained, including the emergence of trade friction.」
In addition to the previous macroeconomic uncertainties, the emergence of trade friction was explicitly identified as a current source of uncertainty. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was explicitly stated that there had been no material changes to the risks relating to the business and other matters. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It was explicitly stated that there had been no material changes to the risks relating to the business and other matters. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was explicitly stated that there had been no material changes to the risks relating to the business and other matters. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was explicitly stated that there had been no material changes to the risks relating to the business and other matters. - FY2017-Q3WorsenedAnnual report
「At the same time, uncertainty in the global economy has increased due to an economic slowdown in emerging Asian countries, including China, and resource-rich countries, the United Kingdom’s withdrawal from the EU, and the inauguration of a new administration in the United States, creating risks of downward pressure on Japan’s economy.」
Specific uncertainties were listed, including a slowdown in emerging and resource-rich economies, including China, the United Kingdom’s withdrawal from the EU and the inauguration of a new US administration, indicating risks of downward pressure on the economy. - FY2017-Q2RestatedAnnual report
「Our group’s businesses comprise the Life Media Platform Business and Other Businesses.」
While heightened international tensions and concerns over a slowdown in the global economy were noted in the business environment for the quarter, foreign exchange rates and share prices were generally stable, and a recovery in business sentiment was also reported. No material changes to the risks were reported. - FY2017-Q1First statedAnnual report
「Although the economies of Japan and other countries are continuing on a gradual recovery path, supported by improvements in employment and income conditions, the outlook remains uncertain, with concerns over slower economic growth in emerging markets, foreign exchange and share price volatility, falling resource prices, inflation and other factors, and continued weakness in consumer spending.」
Several macroeconomic factors are listed as external risks to the business environment. The quarterly report states that there have been no material changes to the risk disclosures.