Risk of Market Turmoil and Economic Downturn Due to the UK's EU Withdrawal and Other Factors
First written in FY2017-Q1. 10 of 28 entries say "Restated". Latest entry: 2026-08-14.
Remixpoint moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2025: 15 of 18 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2026WorsenedAnnual report
「The Strait of Hormuz effectively became blockaded following a large-scale military attack by the United States and Israel on Iran on 28 February this year, prompting crude oil prices to rise from the end of February. However, the situation has reached a major turning point following the signing of a memorandum between the United States and Iran on 17 June toward ending the fighting, including the lifting of the US military blockade of Iran's waters. Nevertheless, it has also been suggested that negotiations toward a final agreement over approximately the next 60 days may enter a more difficult phase, and the situation in the Middle East and its impact on energy prices remain difficult to predict.」
The disclosure provides specific details regarding the energy price risks previously associated with the situations in Ukraine and the Middle East, including the military attack on Iran, the effective blockade of the Strait of Hormuz, the rise in crude oil prices from the ¥60s to the ¥110s per barrel, and uncertainty surrounding negotiations for a final agreement. - FY2025ReframedAnnual report
「In the energy business, through which the Company operates a retail electricity business, electricity trading prices tend to rise sharply during the summer and winter, when power supply and demand are tight. Although the outlook for electricity trading prices remains uncertain, including the impact of international conflicts on energy prices, conditions have become relatively calm compared with immediately after Russia's invasion of Ukraine.」
The focus of external-environment risks has shifted from the previous emphasis on infectious diseases and US-China tensions to tight power supply and demand, energy prices, international conflicts, and uncertainty surrounding electricity trading prices. The disclosure also adds that the price environment is relatively calm compared with immediately after the invasion of Ukraine. - FY2024ReframedAnnual report
「In the energy business, through which the Company operates a retail electricity business, the outlook for the operating environment remains uncertain due to factors including the prolonged situation in Ukraine, rising resource prices associated with worsening conditions in the Middle East, and the impact on foreign exchange markets of global monetary tightening.」
The focus of external-environment risks has shifted from the previous emphasis on COVID-19 and US-China tensions to the situation in Ukraine, the situation in the Middle East, resource prices, monetary tightening, and foreign exchange markets. - FY2021RestatedAnnual report
「Although vaccination, considered one of the effective measures, was initially planned in Japan to target healthcare workers at risk of infection and elderly people at high risk of severe illness, vaccination rates are high and the spread of infection is subsiding in some regions around the world, while other regions continue to experience the emergence of variants and the spread of infection. As a result, uncertainty about Japan's economy continues.」
The disclosure states that uncertainty about Japan's economy continues against the backdrop of COVID-19, progress in vaccinations, emerging variants, and the spread of infections overseas. - FY2021-Q3WorsenedAnnual report
「The state of emergency was lifted temporarily as the number of COVID-19 cases subsided. However, cases began to rise again, making the resumption of economic activity more cautious, and the continued spread of COVID-19 in countries around the world further intensified uncertainty about the global economy.」
The disclosure states that the resumption of economic activity became more cautious due to the renewed increase in cases and the global spread of COVID-19, further intensifying uncertainty about the global economy. - FY2021-Q2ReframedAnnual report
「During the cumulative second quarter under review (1 April 2020 to 30 September 2020), Japan's economy stagnated significantly as restrictions on corporate activity and requests to refrain from going out were imposed under the state of emergency declared in response to the spread of COVID-19. However, the state of emergency was lifted on 25 May, and the Go To campaign began in July, with economic activity gradually moving toward normalization. Nevertheless, the outlook remained extremely uncertain because the timing of the pandemic's containment could not be foreseen. Internationally, the spread of COVID-19 remained unabated, and uncertainty about the global economy further intensified ahead of the US presidential election.」
The description has shifted to one in which economic activity is moving toward normalization following the lifting of the state of emergency and the launch of the Go To campaign, while uncertainty about the global economy continues because the timing of COVID-19 containment remains unclear and the US presidential election is also a factor. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter under review (1 April 2020 to 30 June 2020), Japan's economy stagnated significantly as restrictions on corporate activity and requests to refrain from going out were imposed under the state of emergency declared in response to the spread of COVID-19. The outlook remained extremely uncertain because the timing of the pandemic's containment and the impact of its spread could not be foreseen. Overseas economies were also affected by growing concerns about the confrontation between the US and China over trade friction and the Hong Kong issue, further heightening uncertainty about the global economy.」
In addition to the previous uncertainty surrounding COVID-19 and US-China trade friction, the disclosure cites restrictions on corporate activity and the significant stagnation of economic activity under the state of emergency, as well as the US-China confrontation over the Hong Kong issue, stating that uncertainty about the domestic and overseas economies has intensified. - FY2020WorsenedAnnual report
「The outlook for Japan's economy remains uncertain due to the impact of risks related to the COVID-19 pandemic on social and economic activity, as well as the prolonged US-China trade friction and concerns about a slowdown in the Chinese economy.」
In addition to the previous concerns about US-China trade friction and a slowdown in the Chinese economy, the disclosure cites the impact of COVID-19 on social and economic activity, indicating heightened uncertainty about the outlook. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter under review (1 April 2019 to 31 December 2019), Japan's economy continued to show a gradual recovery trend supported by policies including substantial monetary easing. However, the outlook became uncertain due to the global economic downturn resulting from the consumption tax increase in October and recent US-China trade friction and other factors.」
The disclosure continues to indicate a recovery trend in the domestic economy while noting uncertainty about the outlook due to the consumption tax increase, US-China trade friction, and the global economic downturn. - FY2020-Q2WorsenedAnnual report
「During the cumulative second quarter under review (1 April 2019 to 30 September 2019), Japan's economy continued to show a gradual recovery trend supported by policies including substantial monetary easing. However, the outlook became uncertain due to the global economic downturn resulting from recent US-China trade friction and other factors.」
In addition to the uncertainty caused by US-China trade friction and other factors, the disclosure cites the global economic downturn, indicating a heightened perception of risks to the outlook. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter under review (1 April 2019 to 30 June 2019), Japan's economy continued along a gradual recovery trend as corporate earnings recovered and the employment environment improved. Overseas economies remained a concern due to US-China trade friction and the issue of Brexit, and conditions remained uncertain about the outlook.」
The disclosure indicates a gradual recovery in the domestic economy while citing US-China trade friction and Brexit as concerns for overseas economies and stating that uncertainty about the outlook continues. - FY2019ReframedAnnual report
「Overseas economies remained a concern due to the potential impact of US-China trade friction on the global economy, and conditions remained uncertain about the outlook.」
The focus of the discussion of factors causing uncertainty in overseas economies has shifted from geopolitical risks and the slowdown in the Chinese economy to the impact of US-China trade friction. - FY2019-Q3ReframedAnnual report
「Overseas economies remained a concern due to the intensification of trade friction and the resulting slowdown in the Chinese economy, and conditions remained uncertain about the outlook.」
The focus of the discussion of uncertainty surrounding overseas economies has shifted from the previous emphasis on geopolitical risks to the intensification of trade friction and concerns about a slowdown in the Chinese economy. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review (1 April 2018 to 30 September 2018), Japan's economy continued along a gradual recovery trend as corporate earnings recovered and the employment environment improved, while personal consumption also showed signs of recovery. Overseas economies remained a concern due to uncertainties including geopolitical risks, and conditions remained uncertain about the outlook.」
The disclosure continues to describe a gradual recovery trend in the domestic economy while noting uncertainty about the outlook due to overseas geopolitical risks and other uncertainties. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter under review (1 April 2018 to 30 June 2018), Japan's economy continued along a gradual recovery trend as corporate earnings recovered and the employment environment improved. Overseas economies remained a concern due to rising geopolitical risks and other uncertainties, and conditions remained uncertain about the outlook.」
The disclosure indicates a gradual recovery trend in the domestic economy while stating that overseas geopolitical risks and uncertainty about the outlook continue. - FY2018ReframedAnnual report
「During the consolidated fiscal year under review, Japan's economy continued along a gradual recovery trend, supported by government policies and improvements in corporate earnings and employment. The global economy also continued along a gradual recovery trend overall, with the economies of China and other emerging markets recovering in addition to the solid performance of the US and European economies.」
The description has shifted from a focus on political and economic uncertainty to an explanation centered on the gradual recovery of the domestic and overseas economies. - FY2018-Q3ReframedAnnual report
「During the cumulative third quarter under review (1 April 2017 to 31 December 2017), Japan's economy continued along a gradual recovery trend, with corporate earnings and the employment and income environment showing signs of improvement, supported in part by the effects of various government economic measures, including large-scale monetary easing, despite concerns about the impact on the domestic economy of US policies, political risks in Europe, and geopolitical risks in East Asia.」
The description has shifted from the previous focus on uncertainty surrounding Brexit and other factors to an explanation that Japan's domestic economy is on a gradual recovery trend, while citing US policies, political risks in Europe, and geopolitical risks in East Asia. - FY2018-Q2ReframedAnnual report
「During the cumulative second quarter under review (1 April 2017 to 30 September 2017), Japan's economy continued to recover gradually as the employment and income environment improved, while capital investment and personal consumption showed signs of a gradual recovery. Overseas, although some weakness was seen in Europe, the overall trend was one of gradual recovery.」
The discussion has shifted from the previous focus on uncertainty caused by Brexit and other factors to a description centered on the gradual recovery of the domestic and overseas economies. - FY2018-Q1ReframedAnnual report
「Overseas, although the Dow Jones Industrial Average and the NASDAQ Composite Index reached record highs, geopolitical risks remain unresolved, and conditions continue to require attention to the effects of rising economic uncertainty and volatility in the financial and capital markets.」
The focus of the discussion of external-environment risks has shifted from the previous emphasis on Brexit and other factors to geopolitical risks, economic uncertainty, and volatility in the financial and capital markets. - FY2017WorsenedAnnual report
「In addition, the global economy remains subject to factors including Brexit, the impact of the transition to the new US administration, concerns about a slowdown in emerging-market economies and geopolitical risks, and uncertain conditions about the outlook continue.」
The disclosure cites Brexit, the transition to the new US administration, concerns about a slowdown in emerging-market economies and geopolitical risks, stating that uncertainty about the global economy continues. - FY2017-Q3WorsenedAnnual report
「In addition to the slowdown in economic growth, particularly in emerging markets, the continuing uncertainty surrounding overseas political and economic conditions, including Brexit and the outcome of the US presidential election, as well as volatility in foreign exchange rates and stock markets, has left the outlook for the global economy unable to break free from a stop-and-go pattern.」
The disclosure cites the slowdown in emerging-market economies, rising overseas political and economic uncertainty related to Brexit and the US presidential election, and volatility in the foreign exchange and stock markets, stating that uncertain conditions continue. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter under review (1 April 2016 to 30 September 2016), Japan's economy remained broadly firm, with corporate earnings generally holding steady, although uncertainty about the outlook for the global economy continued due to factors including Brexit and the slowdown in emerging-market economies.」
The disclosure mentions Brexit and the slowdown in emerging-market economies, stating that uncertainty about the outlook for the global economy continues. - FY2017-Q1MaterialisedAnnual report
「In addition, following the outcome of the UK referendum on leaving the EU in late June, the domestic and overseas foreign exchange and stock markets were temporarily disrupted. Downside economic risks remain, and uncertainty about the outlook continues.」
The disclosure states that the foreign exchange and stock markets were temporarily disrupted after the UK referendum on leaving the EU, and that downside economic risks and uncertainty continue.