Economic Uncertainty Caused by the Omicron Variant, Semiconductor Shortages, the Invasion of Ukraine, Yen Depreciation and Rising Prices
First written in FY2023-Q1. 5 of 11 entries say "Reframed", first in FY2023-Q3. Latest entry: FY2027-H1.
TerraSky 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: 25 of 36 companies on the "Worse" side.
13 other companies' latest entry also says "Reframed".
- FY2027-H1ReframedAnnual report
「During the interim consolidated accounting period, Japan’s economy remained uncertain, owing to higher resource and raw-material prices resulting from the weaker yen and geopolitical risks related to the situations in the Middle East and Ukraine, among other factors.」
Updated the explanation of the drivers of economic uncertainty to focus on higher resource and raw-material prices resulting from the weaker yen and geopolitical risks related to the situations in the Middle East and Ukraine, among other factors. - FY2026-H1ReframedAnnual report
「Japan's economy during the interim consolidated accounting period remained uncertain, amid concerns over the effects of the Trump administration's additional tariff policies spreading across a broad range of industries.」
The Company newly cited the effects of the Trump administration's additional tariff policies as a factor contributing to the uncertain economic outlook. - FY2025-H1RestatedAnnual report
「Japan's economy during the interim consolidated accounting period remained uncertain, amid concerns over the effects of rising prices resulting from the yen's record depreciation.」
The Company continued to cite economic uncertainty caused by the yen's record depreciation and rising prices, following the previous quarter. - FY2025-Q1Re-emergence of economic uncertaintyAnnual report
「Japan's economy during the cumulative first quarter remained uncertain, amid concerns over the effects of rising prices resulting from the yen's record depreciation.」
Economic uncertainty, which was no longer individually described for FY2024, was again cited, with the yen's record depreciation and rising prices given as factors. - FY2024DroppedAnnual reportThe FY2024 description of the operating environment and risks contains no individual reference to economic uncertainty listing the Omicron variant, semiconductor shortages, the invasion of Ukraine, and a weaker yen and higher prices.
- FY2024-Q3ReframedAnnual report
「Japan's economy during the cumulative third quarter remained uncertain both domestically and overseas, due in part to the effects of higher resource prices resulting from the protracted Russian invasion of Ukraine and the downturn in overseas economies accompanying global monetary tightening.」
The description of the factors contributing to economic uncertainty was updated to include global monetary tightening and a downturn in overseas economies in addition to higher resource prices. Meanwhile, the Company stated that domestic companies' willingness to invest in digital transformation and demand for cloud services remained solid. - FY2024-Q2SoftenedAnnual report
「Japan's economy during the cumulative second quarter was affected by higher resource prices resulting from the protracted Russian invasion of Ukraine, but corporate earnings remained generally high and the economy was recovering moderately.」
While the Company continued to mention higher resource prices resulting from the protracted invasion of Ukraine, its assessment changed to indicate that corporate earnings remained high and the economy was recovering moderately. - FY2024-Q1ReframedAnnual report
「Japan's economy during the cumulative first quarter remained uncertain, amid concerns over higher energy prices resulting from the protracted Russian invasion of Ukraine and the effects of the yen's record depreciation.」
The description of the factors contributing to economic uncertainty was updated by removing references to the Omicron variant and semiconductor shortages and focusing on higher energy prices resulting from the invasion of Ukraine and the weaker yen. - FY2023-Q3ReframedAnnual report
「Japan's economy during the cumulative third quarter remained uncertain, amid concerns over higher energy prices accompanying tensions between the United States and China and the protracted Russian invasion of Ukraine, as well as rising prices resulting from the yen's record depreciation.」
The description of the factors contributing to economic uncertainty was updated to focus on tensions between the United States and China, higher energy prices resulting from the invasion of Ukraine, and higher prices resulting from a weaker yen. - FY2023-Q2RestatedAnnual report
「Japan's economy during the cumulative second quarter remained uncertain, amid concerns over the effects of the spread of COVID-19, semiconductor supply shortages, the protracted Russian invasion of Ukraine, and rising prices resulting from the yen's record depreciation.」
The Company continued to cite COVID-19, semiconductor shortages, the protracted invasion of Ukraine, and economic uncertainty caused by a weaker yen and higher prices. - FY2023-Q1First statedAnnual report
「Japan's economy during the cumulative first quarter was affected by concerns over the spread of the Omicron variant, which is considerably more transmissible than the Delta variant, semiconductor supply shortages, the protracted Russian invasion of Ukraine, and rising prices resulting from the yen's record depreciation. As a result, the economic outlook remained uncertain.」
The Company for the first time collectively cited the Omicron variant, semiconductor supply shortages, the protracted invasion of Ukraine, and higher prices resulting from a weaker yen as factors contributing to the uncertain economic outlook.