Geopolitical Risks Surrounding the Middle East
First written in FY2020-Q3. 2 of 3 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2022: 49 of 83 companies on the "Worse" side.
36 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, the Japanese economy showed signs of recovery despite lingering weakness in some areas of personal consumption, and the economy recovered moderately. While employment and income conditions improved, close attention remained necessary because of downside risks to overseas economies, rising prices, the situation in the Middle East and volatility in financial and capital markets.」
The situation in the Middle East is described as an ongoing factor requiring close monitoring alongside the economic recovery. - FY2024-Q3RestatedAnnual report
「Meanwhile, uncertainty about the outlook remains due to factors including soaring energy and raw-material prices associated with the prolonged situation in Ukraine, a weaker-yen trend and rising prices amid globally tightening monetary policy, and escalating tensions in the Middle East.」
Following previous references to geopolitical risks, escalating tensions in the Middle East are now cited as a factor contributing to uncertainty about the outlook. - FY2020-Q3First statedAnnual report
「Meanwhile, downside risks remain significant, including the effects of the consumption tax increase and natural disasters, developments surrounding trade issues, the outlook for the Chinese economy and geopolitical risks relating to the situation in the Middle East.」
We have for the first time explicitly identified geopolitical risks surrounding the situation in the Middle East as one factor that could cause the economy to undershoot expectations.