Instability in Overseas Political and Economic Conditions and Heightened Geopolitical Risks
First written in FY2018-Q1. 7 of 14 entries say "Restated". Latest entry: FY2026.
Havix 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 2022: 53 of 91 companies on the "Worse" side.
39 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Our nonwoven-related and paper-related businesses supply products primarily to the hygiene materials and food-service markets, and are affected by conditions in both markets.」
This filing states that uncertainty in the international situation and geopolitical risks, as well as tensions in the Middle East, yen depreciation, high prices, and labor shortages, continue to affect market and cost conditions. - 2026-05-14MaterialisedResults
「加えて、2026年２月に始まった米国・イスラエルによるイラン攻撃と、それを契機としたホルムズ海峡の封鎖による地政学リスクの高まりは、世界経済を大いに揺るがし、日本経済の先行きに対する不透明感はますます高まっております。」
従来から記載されていた国際情勢・地政学リスクについて、具体的な攻撃と海峡封鎖が発生した事実として記載されている。 - FY2026-H1WorsenedAnnual report
「The impact of US tariff policy also remains uncertain. In addition, the sluggishness of private consumption caused by continued inflation resulting from yen depreciation and constraints on supply capacity due to labour shortages are expected to persist, and concerns remain high about downside risks to the economy.」
In addition to the previously cited uncertainty in the international situation, the company explicitly identifies the uncertain impact of US tariff policy as a factor creating uncertainty in the overseas and geopolitical external environment. - FY2025WorsenedAnnual report
「During the current consolidated fiscal year, Japan's economy continued on a moderate recovery path, supported by expanded inbound demand and other factors. However, the outlook remains uncertain due to persistently high geopolitical risks arising from the unstable international situation, foreign exchange fluctuations, soaring energy costs, and concerns over future US policy developments.」
The company explicitly identifies instability in the international situation and geopolitical risks, as well as concerns over US policy developments, as external factors creating uncertainty. - FY2025-H1RestatedAnnual report
「Meanwhile, uncertainty about the outlook continues amid an unstable international situation, persistently high raw material and fuel prices, rising logistics costs and labour costs, and highly volatile foreign-exchange markets.」
The company has reconfirmed that the external environment remains uncertain, with the international situation continuing to be unstable alongside trends in fuel and raw material prices and foreign exchange rates. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy entered a recovery trend following the containment of COVID-19. However, the outlook remains uncertain due to the unstable global situation and downside risks to the economy from rising prices.」
The company has reconfirmed its view that, despite the recovery trend following the containment of COVID-19, the external environment will remain uncertain due to the unstable global situation and downside risks to the economy from rising prices. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, economic activity in Japan has been gradually recovering due to increased inbound demand following the easing of border control measures for COVID-19 and the recovery in personal consumption accompanying the nationwide travel support program. However, the situation remains uncertain due to rising global energy and raw material prices, yen depreciation, and continuing instability in the international situation.」
The company has reconfirmed the uncertain external environment, with signs of recovery in inbound demand and personal consumption, while energy and raw material prices are rising, the yen is depreciating, and the international situation remains unstable. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy showed signs of normalization as restrictions on activity were eased. However, the situation remains uncertain due to soaring global energy and raw material prices, the rapid depreciation of the yen, and continuing instability in the international situation.」
The company has reconfirmed the uncertain external environment, with signs of normalization from the easing of activity restrictions, while energy and raw material prices remain high, the yen has depreciated rapidly, and the international situation remains unstable. - FY2023-Q1Restated instability in the international situationAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy showed signs of recovery as various policies aimed at normalizing socioeconomic activity took effect following the lifting of priority preventive measures against the spread of COVID-19. However, the situation remains uncertain due to the renewed spread of infections from new variants, soaring global energy and raw material prices, increasing instability in the international situation, and the continuing depreciation of the yen.」
The company has again described instability in the international situation as an external factor creating uncertainty, under a theme similar to the uncertainty in overseas political and economic conditions and geopolitical risks that had not been explicitly mentioned since 2019. - FY2019-Q1DroppedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy continued on a moderate recovery path, with improvements in corporate earnings and employment conditions, partly due to the effects of various government policies.」
The reference to uncertainty in overseas political and economic conditions and geopolitical risks, which had been included through the previous fiscal year, cannot be found in the economic environment section of this filing. - FY2018RestatedAnnual report
「During the current consolidated fiscal year, Japan's economy continued on a moderate recovery path, with improvements in corporate earnings and employment conditions, partly due to the effects of various government policies, despite concerns over the impact of uncertainty in overseas political and economic conditions and rising geopolitical risks.」
The company continues to describe uncertainty in overseas political and economic conditions and rising geopolitical risks as external factors whose impact is a concern. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy continued on a moderate recovery path, with improvements in corporate earnings and employment conditions, partly due to the effects of various government policies, despite concerns over the impact of uncertainty in overseas political and economic conditions and rising geopolitical risks.」
The company continues to describe uncertainty in overseas political and economic conditions and rising geopolitical risks as external factors whose impact is a concern. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy continued on a moderate recovery path, with improvements in corporate earnings and employment conditions, partly due to the effects of various government policies, despite concerns over the impact of uncertainty in overseas political and economic conditions and rising geopolitical risks.」
The company continues to describe uncertainty in overseas political and economic conditions and rising geopolitical risks as external factors whose impact is a concern. - FY2018-Q1First statedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy continued on a moderate recovery path, with improvements in corporate earnings and employment conditions, partly due to the effects of various government policies, despite concerns over the impact of uncertainty in overseas political and economic conditions and rising geopolitical risks.」
The company has for the first time described uncertainty in overseas political and economic conditions and rising geopolitical risks as external factors whose impact on performance is a concern.