Business environment risk arising from interest rate and foreign exchange trends and rising raw material prices
First written in FY2023-Q1. 6 of 12 entries say "Restated". Latest entry: 2026-11-06.
Internet Initiative Japan moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 44 of 63 companies on the "Worse" side.
70 other companies' latest entry also says "Restated".
- 2026-11-06RestatedResults
「引き続き中東情勢や自然災害の影響の注視が必要で、金融資本市場の変動の影響などにも注意する必要があります。」
中東情勢、自然災害及び金融資本市場の変動に関する事業環境リスクを再確認している。 - FY2026ReframedAnnual report
「Looking ahead, improvements in employment and income conditions and the effects of various policies are expected to support a gradual recovery, but developments in the Middle East require close monitoring, and attention is also required to the effects of volatility in financial and capital markets and developments concerning U.S. trade policy.」
While maintaining the outlook for an economic recovery, the risk assessment was updated from the previous description of prices, monetary tightening and other factors to include developments in the Middle East, volatility in financial and capital markets and U.S. trade policy. - FY2026-H1ReframedAnnual report
「However, there are downside risks to the economy from the effects of trade policies, including U.S. tariffs, and continued price increases, and close attention is also required to volatility in financial and capital markets.」
In addition to the previous recognition of risks related to prices, supply constraints and monetary tightening, the effects of trade policies, including U.S. tariffs, were explicitly stated, updating the description of factors weighing on the economy. - FY2025-H1ReframedAnnual report
「However, close attention is required to the downside risks to overseas economies arising from the continued high interest-rate environment in Europe and the United States, as well as the effects of rising prices, developments in the Middle East and volatility in financial and capital markets.」
While maintaining the outlook for an economic recovery, the description was changed from a list of conventional supply constraints and other factors to risk factors including downside risks to overseas economies from high interest rates in Europe and the United States, developments in the Middle East and volatility in financial and capital markets. - FY2024RestatedAnnual report
「Looking ahead, although the economy is expected to continue recovering moderately, partly due to the effects of various policies, it will be necessary to closely monitor the impact of rising prices and fluctuations in interest rates and foreign exchange rates resulting from global monetary tightening.」
While anticipating an economic recovery, the company continues to highlight the need to monitor rising prices, monetary tightening, and interest-rate and foreign-exchange fluctuations. - FY2024-Q3SoftenedAnnual report
「Looking ahead, although the economy is expected to continue recovering moderately, partly due to the effects of various policies, it will be necessary to closely monitor the impact of rising prices and fluctuations in interest rates and foreign exchange rates resulting from global monetary tightening.」
Supply-side constraints involving energy resources and other items, which had been explicitly identified through the previous quarter, were omitted from the latest outlook statement, narrowing the range of business-environment risks listed in part. - FY2024-Q2RestatedAnnual report
「Looking ahead, although the economy is expected to continue recovering moderately, partly due to the effects of various policies, it will be necessary to closely monitor the impact of rising prices and fluctuations in interest rates and foreign exchange rates resulting from global monetary tightening.」
While anticipating an economic recovery, the company continues to highlight the need to monitor rising prices, global monetary tightening, and interest-rate and foreign-exchange fluctuations. - FY2024-Q1RestatedAnnual report
「Looking ahead, although the economy is expected to continue recovering, partly due to the effects of various policies, it will be necessary to closely monitor the impact of rising prices, supply-side constraints involving energy resources and other items, and fluctuations in interest rates and foreign exchange rates resulting from global monetary tightening.」
The company continues to highlight the need to monitor rising prices, supply constraints involving energy resources and other items, global monetary tightening, and interest-rate and foreign-exchange fluctuations. - FY2023RestatedAnnual report
「Looking ahead, although the economy is expected to continue recovering, partly due to the effects of various policies, it will be necessary to closely monitor the impact of rising prices, supply-side constraints involving energy resources and other items, and fluctuations in interest rates and foreign exchange rates resulting from global monetary tightening.」
The company continues to highlight the need to monitor rising prices, supply constraints involving energy resources and other items, global monetary tightening, and interest-rate and foreign-exchange fluctuations. - FY2023-Q3RestatedAnnual report
「Looking ahead, although the economy is expected to continue recovering, partly due to the effects of various policies, it will be necessary to closely monitor the impact of rising prices, supply-side constraints, fluctuations in interest rates and foreign exchange rates resulting from global monetary tightening, and developments in the pandemic in Japan and overseas.」
The company continues to highlight the need to monitor rising prices, supply constraints, and interest-rate and foreign-exchange fluctuations resulting from global monetary tightening. - FY2023-Q2WorsenedAnnual report
「Looking ahead, although the economy is expected to continue recovering, partly due to the effects of various policies, it will be necessary to closely monitor the impact of rising prices, supply-side constraints, and fluctuations in interest rates and foreign exchange rates resulting from global monetary tightening.」
In addition to the previously cited interest-rate and foreign-exchange trends and rising raw-material prices, rising prices, supply-side constraints, and global monetary tightening were explicitly identified, making the business-environment risk factors more specific and broader. - FY2023-Q1First statedAnnual report
「It will be necessary to closely monitor the impact of the spread of the pandemic, interest-rate and foreign-exchange trends, and rising raw-material prices.」
The filing explicitly stated that interest-rate and foreign-exchange trends and rising raw-material prices could affect the business environment.