Risk of an Economic Slowdown Due to Global Monetary Tightening and Rising Prices
First written in FY2024-Q3. 4 of 5 entries say "Worsened", first in FY2025-Q1. Latest entry: FY2027-H1.
Eltes moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 23 of 34 companies on the "Worse" side.
35 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「Meanwhile, the outlook remains uncertain due to geopolitical risks associated with mounting tensions in the Middle East, continued inflation, and changes in the financial environment, including fluctuations in foreign exchange rates and interest rates.」
Regarding risks to the economy and financial environment, the disclosure cites continued inflation as well as fluctuations in foreign exchange rates and interest rates, stating that the outlook remains uncertain. - FY2026WorsenedAnnual report
「Meanwhile, the outlook remains uncertain due to increasing geopolitical risks arising from unstable conditions around the world, the impact of US tariffs, rising prices, and volatility in financial markets.」
The disclosure adds geopolitical risks, US tariffs, rising prices, and financial market volatility as new external environmental factors, broadening the uncertainty surrounding the economy and business environment. - FY2025-H1WorsenedAnnual report
「Although corporate performance is recovering, Japan's economic environment during the current interim consolidated accounting period remained uncertain at home and abroad, amid a stock market crash triggered by concerns over a deterioration in the US economy and a sharp rise in the yen, as well as continued tensions in international affairs, including the prolonged situation in Ukraine.」
Regarding the external environment, the disclosure cites concerns over a deterioration in the US economy, a stock market crash triggered by a sharp rise in the yen, and heightened international tensions, providing specific factors behind the uncertain outlook. - FY2025-Q1WorsenedAnnual report
「Although corporate performance is recovering, the economic environment surrounding the Group has seen a slower pace of recovery due to growing thrift-oriented consumer behavior amid higher prices caused by the weaker yen and concerns over unstable international conditions.」
Regarding factors contributing to uncertainty in the global economy, the disclosure cites higher prices caused by the weaker yen, thrift-oriented consumer behavior, and unstable international conditions, and states that the pace of economic recovery has slowed. - FY2024-Q3First statedAnnual report
「Meanwhile, the outlook remains uncertain due to an economic slowdown accompanying global monetary tightening, a decline in consumption resulting from prolonged inflation, and increasingly severe labor shortages.」
The disclosure identifies global monetary tightening, prolonged inflation, declining consumption, and increasingly severe labor shortages as new external risks making the outlook for the business environment uncertain.