Uncertainty over the outlook due to the slowdown in the Chinese economy and the UK's exit from the EU
First written in FY2017-Q1. 11 of 25 entries say "Restated". Latest entry: 2026-08-13.
Ubicom Holdings moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 145 of 179 companies on the "Worse" side.
59 other companies' latest entry also says "Restated".
- 2026-08-13RestatedResults
「一方で、物価上昇や米国の通商・関税政策の動向、地政学的リスクなどにより、先行きは依然として不透明な状況が続いております。」
物価上昇、米国の通商・関税政策、地政学的リスクによる先行き不透明感を継続記載した。 - FY2026RestatedAnnual report
「During the consolidated fiscal year under review, private consumption and capital investment remained firm against a backdrop of government economic measures and monetary policy support, and the economy was on a moderate recovery path. However, uncertainty over the outlook continued due to soaring resource prices resulting from international developments and changes in global monetary policy.」
While indicating that the economy was on a recovery path, the disclosure continued to cite uncertainty over the outlook due to soaring resource prices and changes in global monetary policy. - FY2026-H1ReframedAnnual report
「The business environment remains uncertain due to the impact of US trade policy, foreign exchange volatility and soaring raw-material prices, and the need for cautious management decisions continues.」
The factors contributing to uncertainty over the outlook were reorganized around US trade policy, foreign exchange volatility and soaring raw-material prices. - FY2025-H1ReframedAnnual report
「During the first six months of the consolidated fiscal year under review, private consumption and capital investment remained resilient against a backdrop of government economic measures and monetary policy support, and the economy was on a moderate recovery path. However, uncertainty over the outlook continued due to soaring resource prices resulting from international developments and changes in global monetary policy.」
The previous discussion centered on the Russia-Ukraine situation, rising prices and yen depreciation was reorganized to focus on soaring resource prices resulting from international developments and changes in global monetary policy as the main sources of uncertainty. - FY2024-Q3RestatedAnnual report
「During the first nine months of the consolidated fiscal year under review, economic activity gradually began to recover as restrictions imposed to prevent COVID-19 were eased. However, the economic outlook in Japan and overseas remains uncertain due to rising prices resulting from the prolonged Russia-Ukraine situation and the depreciation of the yen against a backdrop of global monetary tightening.」
The disclosure continued to state that, while COVID-19-related restrictions were eased and economic activity began to recover, uncertainty over the outlook persisted due to the Russia-Ukraine situation, rising prices, and yen depreciation against a backdrop of monetary tightening. - FY2023-Q3ReframedAnnual report
「During the first nine months of the consolidated fiscal year under review, economic activity gradually resumed as COVID-19-related restrictions were eased amid progress in nationwide vaccinations. However, the economic outlook in Japan and overseas remains uncertain due to rising prices and supply-side constraints resulting from the prolonged Russia-Ukraine situation, as well as the depreciation of the yen against a backdrop of global monetary tightening.」
While noting the easing of COVID-19-related restrictions and the resumption of economic activity, the situation in Ukraine, rising prices, supply constraints, and yen depreciation due to monetary tightening were organized as new factors contributing to uncertainty over the outlook. - FY2023-Q2ReframedAnnual report
「In addition to the prolonged situation in Ukraine and shortages of raw-material supplies, the outlook for the Japanese and global economies remains uncertain due to the depreciation of the yen and rising prices against a backdrop of global interest-rate adjustments, as well as their impact on households and companies and supply-side constraints.」
The previous discussion of the situation in Ukraine, rising raw-material prices, US interest rates and the weaker yen was reorganized and expanded to include shortages of raw-material supplies, global interest-rate adjustments, rising prices, and supply constraints as sources of uncertainty over the economic outlook. - FY2023-Q1ReframedAnnual report
「During the first quarter under review, economic activity moved toward normalization and showed signs of recovery as the difficult conditions caused by COVID-19 eased. However, uncertainty over the outlook continued due to the prolonged situation in Ukraine, rising raw-material prices, and the rapid depreciation of the yen resulting from higher US interest rates.」
While noting the easing of the difficult conditions caused by COVID-19, the situation in Ukraine, rising raw-material prices, higher US interest rates and the rapid depreciation of the yen were identified as new factors contributing to uncertainty over the outlook. - FY2022-Q2RestatedAnnual report
「During the first six months of the consolidated fiscal year under review, the Japanese economy remained in a difficult situation for an extended period due to the global spread of COVID-19. Although vaccination progressed in Japan and an early recovery in economic activity was expected, uncertainty over the outlook continued.」
The prolonged difficult economic conditions and uncertainty over the outlook due to the global spread of COVID-19 continued to be cited. - FY2021-Q3WorsenedAnnual report
「However, COVID-19 continues to spread, and the economic outlook in Japan and overseas remains uncertain.」
The previous statement that the economic deterioration caused by COVID-19 was continuing changed to the statement that the pandemic was continuing to spread, while uncertainty over the economic outlook in Japan and overseas continued. - FY2021-Q2RestatedAnnual report
「During the first six months of the consolidated fiscal year under review, the Japanese economy remained uncertain as the economic deterioration caused by COVID-19 continued both in Japan and overseas, in addition to concerns over an economic slowdown in emerging markets and political developments in the US and Europe.」
The slowdown in emerging-market economies, political developments in the US and Europe, and economic deterioration caused by COVID-19 and uncertainty over the outlook continued to be cited. - FY2020WorsenedAnnual report
「The Japanese economy continued on a moderate recovery path during the consolidated fiscal year under review, supported by improvements in the employment environment, but the outlook is uncertain as concerns over an economic slowdown in emerging markets and political developments in the US and Europe are compounded by the COVID-19 pandemic, which is spreading worldwide.」
In addition to concerns over an economic slowdown and political developments, the global spread of COVID-19 was explicitly identified as a factor contributing to uncertainty over the outlook. - FY2020-Q3ReframedAnnual report
「The Japanese economy continued on a moderate recovery path during the first nine months of the consolidated fiscal year under review, supported by a recovery in corporate earnings and improvements in the employment and income environment. However, uncertainty over the outlook remains due to uncertainty in overseas conditions, including the impact of trade issues on the global economy, heightened geopolitical risks, and the effects of successive natural disasters.」
In addition to the previous US-China trade friction, the impact of trade issues on the global economy, geopolitical risks, and successive natural disasters were identified as factors contributing to uncertainty over the outlook. - FY2020-Q2WorsenedAnnual report
「The outlook for the global economy remains uncertain due to concerns over an economic slowdown resulting from the prolonged escalation of US-China trade friction and heightened geopolitical risks.」
In addition to the previous concerns over escalating US-China trade friction, the disclosure explicitly identified concerns over an economic slowdown resulting from the prolonged and escalating friction. It also cited heightened geopolitical risks, presenting greater uncertainty in the external environment. - FY2020-Q1RestatedAnnual report
「During the first quarter of the consolidated fiscal year under review, the Japanese economy continued on a moderate recovery path, with corporate earnings and the employment and income environment improving and capital investment increasing against a backdrop of a recovery in corporate production activity, although uncertainty over the outlook remains due to changes in the political situation and monetary policy trends in the US and Europe and concerns over escalating US-China trade friction.」
Uncertainty over the outlook due to political developments and monetary policy trends in the US and Europe and concerns over US-China trade friction continued to be cited. - FY2019-Q3MaterialisedAnnual report
「During the first nine months of the consolidated fiscal year under review, the Japanese economy continued on a moderate recovery path, with corporate earnings and the employment and income environment improving, although uncertainty over the outlook remains as political developments and monetary policy trends in the US and Europe change and US-China trade friction begins to surface.」
The description changed from concerns over the escalation of US-China trade friction to the statement that trade friction was beginning to surface. Uncertainty over the outlook continued. - FY2019-Q2RestatedAnnual report
「During the first six months of the consolidated fiscal year under review, the Japanese economy continued on a moderate recovery path, with corporate earnings and the employment and income environment improving, although uncertainty over the outlook remains due to changes in the political situation and monetary policy trends in the US and Europe and concerns over escalating US-China trade friction.」
Uncertainty over the outlook due to political developments and monetary policy trends in the US and Europe and concerns over US-China trade friction continued to be cited. - FY2019-Q1ReframedAnnual report
「During the first quarter of the consolidated fiscal year under review, the Japanese economy continued on a moderate recovery path, with corporate earnings and the employment and income environment improving, although uncertainty over the outlook remains due to changes in the political situation and monetary policy trends in the US and Europe and concerns over escalating trade friction between the US and China.」
In addition to political developments and monetary policy in the US and Europe and geopolitical risks, concerns over escalating US-China trade friction were explicitly identified as a factor contributing to uncertainty over the outlook. - FY2018-Q3RestatedAnnual report
「During the first nine months of the consolidated fiscal year under review, the Japanese economy continued on a moderate recovery path, with corporate earnings and employment conditions improving against a backdrop of resilient domestic and overseas demand, although uncertainty over the outlook remains due to heightened geopolitical risks resulting from changes in the political situation and monetary policy trends in the US and Europe and rising tensions surrounding North Korea.」
Uncertainty over the outlook due to political developments and monetary policy trends in the US and Europe and the situation surrounding North Korea continued to be cited. - FY2018-Q2ReframedAnnual report
「During the first six months of the consolidated fiscal year under review, the Japanese economy continued on a moderate recovery path, with corporate earnings and the employment environment continuing to improve, although uncertainty over the outlook remains due to changes in the political situation and monetary policy trends in the US, Europe and other countries, as well as heightened geopolitical risks, including the North Korea issue.」
In addition to political developments and monetary policy trends in the US and Europe, geopolitical risks, including the North Korea issue, were explicitly identified as factors contributing to uncertainty over the outlook. - FY2018-Q1ReframedAnnual report
「During the first quarter of the consolidated fiscal year under review, the Japanese economy continued on a moderate recovery path, with corporate earnings and the employment environment continuing to improve, although uncertainty over the outlook remains due to changes in the political situation and monetary policy trends in the US, Europe and other countries.」
The focus shifted from the previous discussion centered on the Chinese economy, the UK's EU exit and US policies to uncertainty over the outlook resulting from political developments and monetary policy trends in the US and Europe. - FY2017RestatedAnnual report
「The Japanese economy continued on a moderate recovery path during the consolidated fiscal year under review, supported by steady improvements in corporate earnings and the employment environment. However, the outlook remains uncertain amid concerns over the impact on the global economy of economic slowdowns in emerging markets, including China, the UK's EU exit issue, and turmoil in foreign exchange and stock markets resulting from US policy developments, as well as heightened concern over various geopolitical risks.」
Uncertainty due to the slowdown in the Chinese economy, the UK's exit from the EU, US policies, and turmoil in the foreign exchange and stock markets continued to be cited. - FY2017-Q3RestatedAnnual report
「The outlook for the Japanese economy remains uncertain amid heightened uncertainty in overseas economies, as the trend shifted from a stronger yen and falling share prices, driven by the slowdown in the Chinese economy and the UK's EU exit issue, to a sharp trend toward a weaker yen and rising share prices due to growing expectations for the policies of the new US president.」
The slowdown in the Chinese economy, the UK's EU exit issue, and market volatility driven by expectations for the new US administration continued to be cited as sources of uncertainty in overseas economies and the outlook. - FY2017-Q2RestatedAnnual report
「Amid heightened uncertainty in overseas economies, including the slowdown in emerging-market economies, particularly China, and the impact of the EU exit issue, unstable movements have been seen in stock and foreign exchange markets, and uncertainty over the outlook for the Japanese economy remains.」
The slowdown in emerging-market economies, the EU exit issue, and market and foreign exchange volatility continued to be cited as sources of uncertainty. - FY2017-Q1First statedAnnual report
「Uncertainty over the outlook for the Japanese economy remains due to the slowdown in emerging-market economies, particularly China, and unstable movements in stock and foreign exchange markets following the UK's referendum in favour of leaving the EU.」
The slowdown in emerging-market economies, the UK's vote in favour of leaving the EU, and instability in the equity and foreign exchange markets were cited as external-environment risks.