Uncertainty in overseas economies and volatility in financial and capital markets
First written in FY2017-Q2. 2 of 4 entries say "Worsened", first in FY2017-Q3. Latest entry: 2026-04-30.
Avant Group moved to the "Worse" side of this theme in 2026, 7 years after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 140 of 172 companies on the "Worse" side.
68 other companies' latest entry also says "Worsened".
- 2026-04-30WorsenedFinancial results
「Although destabilizing factors, including concerns about an economic downturn arising from uncertainty over U.S. policy developments and heightened geopolitical risks related to the situations in the Middle East and Ukraine, could affect the performance of our Group」
Concerns about an economic downturn driven by U.S. policy developments, the situations in the Middle East and Ukraine, and heightened geopolitical risks were specifically identified as destabilizing factors that could affect performance. - FY2017RestatedAnnual report
「The situation requires attention to the impact of uncertainty in overseas economies and volatility in financial and capital markets, including the UK's exit from the EU, the rapid shift toward conservatism in the US economy following the inauguration of the new US administration, and rising geopolitical risks in neighboring countries.」
Continued to flag uncertainty in overseas economies, volatility in financial and capital markets, and geopolitical risks in the annual disclosure. - FY2017-Q3WorsenedAnnual report
「During the first 3 quarters of the current consolidated fiscal year (hereinafter, the "first 3 quarters"), Japan's economy remained on a gradual recovery track amid continued improvement in employment and income conditions. However, the situation requires attention to the impact of increasing uncertainty in overseas economies, including rising geopolitical risks, and volatility in financial and capital markets.」
Explicitly identified rising geopolitical risks in addition to uncertainty in overseas economies and volatility in financial and capital markets. - FY2017-Q2First statedAnnual report
「In addition to an economic downturn in emerging Asian countries, including China, and resource-producing countries, overseas economic uncertainty has increased due to factors such as the United Kingdom’s withdrawal from the EU and the rapid shift toward conservatism in the US economy following the inauguration of the Trump administration. This is a situation in which the impact of volatility in financial and capital markets also requires close attention.」
Added uncertainty in overseas economies and volatility in financial and capital markets, driven by downside risks in emerging Asian and resource-based economies, the UK's exit from the EU and changes in US policy, as new points to monitor.