Uncertainty over the outlook due to overseas economic conditions, China's slowdown and the UK's withdrawal from the EU
First written in FY2017-Q1. 21 of 32 entries say "Restated". Latest entry: 2026-08-06.
The whole theme swung hardest in 2022: 160 of 184 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- 2026-08-06MitigatedRevision of earnings forecasts
「We hereby announce the consolidated earnings forecasts for the fiscal year ending March 2027, which had remained undecided, as follows.」
The company announced consolidated earnings forecasts for the fiscal year ending March 2027, which had been left undecided due to the Middle East military conflict and the blockade of the Strait of Hormuz: net sales of ¥165.0 billion, operating profit of ¥11.0 billion, ordinary profit of ¥11.2 billion, and net income attributable to owners of the parent of ¥8.0 billion. The difficulty of calculating the earnings forecasts had eased. - FY2026WorsenedAnnual report
「Since March 2026, energy resources and various raw material supplies have become unstable due to military conflicts in the Middle East and the emergence of transit risks along major sea lanes, including the Strait of Hormuz, resulting in surging raw material and fuel market prices.」
In addition to the previous uncertainty surrounding international conditions and overseas economies, the document cites military conflicts in the Middle East, the emergence of transit risks along major sea lanes, and instability in resource and raw material supplies. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
The document states that there have been no material changes in major risks or in the business and other risks from the previous fiscal year. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
It was stated that there had been no material changes in major risks or in the business and other risks from the previous fiscal year. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, there were no material changes in the occurrence of major risks that management recognizes as potentially having a material impact on the Group's financial position, operating results, or cash flows, among matters concerning the business and financial conditions described in the quarterly report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The document states that there have been no material changes in major risks or in the business and other risks from the previous fiscal year. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The quarterly report states that there have been no material changes in major risks or in the business and other risks from the previous fiscal year. - FY2023ReframedAnnual report
「During the fiscal year, economies in Japan and overseas were affected by sharp fluctuations in energy prices and foreign exchange rates against a backdrop of an unstable international situation, but showed signs of a gradual recovery under the new normal of living with COVID-19.」
The description shifted from uncertainty in overseas economies centered on China's slowdown, US policy and Brexit to an emphasis on the unstable international situation and sharp fluctuations in energy prices and foreign exchange rates. - FY2022RestatedAnnual report
「During the fiscal year, economies in Japan and overseas remained in a difficult situation due to the impact of COVID-19, but showed signs of recovery.」
The full-year description continues to cite both the difficult economic environment caused by COVID-19 and signs of recovery. - FY2022-Q3RestatedAnnual report
「During the third quarter cumulative consolidated accounting period (1 April 2021 to 31 December 2021), economies in Japan and overseas remained in a difficult situation due to the impact of COVID-19, but showed signs of recovery.」
The description continues to state that, while the economic environment remains difficult due to COVID-19, signs of recovery are visible. - FY2022-Q2RestatedAnnual report
「During the second quarter cumulative consolidated accounting period (1 April 2021 to 30 September 2021), economies in Japan and overseas remained in a difficult situation due to the impact of COVID-19, but showed signs of recovery.」
The description continues to state that, while the economic environment remains difficult due to COVID-19, signs of recovery are visible. - FY2022-Q1Recovery in economic activity cited alongside concerns about a resurgence in infectionsAnnual report
「Overseas economies likewise showed signs of recovery, but concerns about the impact of a resurgence in infections continued.」
While signs of recovery in economies in Japan and overseas were cited, concerns about the impact of a resurgence in COVID-19 infections continue. - FY2021RestatedAnnual report
「During the fiscal year, economies in Japan and overseas remained in a difficult situation, with economic activity contracting sharply due to the impact of the global COVID-19 pandemic.」
The contraction in economic activity in Japan and overseas and the difficult economic environment caused by COVID-19 continued to be cited as business conditions for the full fiscal year. - FY2021-Q3RestatedAnnual report
「During the third quarter cumulative consolidated accounting period (1 April 2020 to 31 December 2020), Japan's economy remained in a difficult situation, with economic activity contracting sharply due to the impact of the global COVID-19 pandemic.」
The sharp contraction in economic activity and difficult economic conditions caused by the global COVID-19 pandemic continue to be cited. - FY2021-Q2RestatedAnnual report
「During the second quarter cumulative consolidated accounting period (1 April 2020 to 30 September 2020), economies in Japan and overseas remained in a difficult situation, with economic activity contracting sharply due to the impact of the global COVID-19 pandemic.」
The sharp contraction in economic activity in Japan and overseas and the difficult conditions caused by the global COVID-19 pandemic continue to be cited. - FY2021-Q1WorsenedAnnual report
「During the first quarter cumulative consolidated accounting period (1 April 2020 to 30 June 2020), economies in Japan and overseas contracted sharply and entered a critical situation due to the impact of the global COVID-19 pandemic.」
The document stated that, in addition to previous concerns about the outlook due to China's economic slowdown and other factors, the global COVID-19 pandemic caused economic activity in Japan and overseas to contract sharply, resulting in a critical situation. - FY2020WorsenedAnnual report
「Overseas economies generally continued to recover gradually, but during the fourth-quarter accounting period the outlook became a concern due to the spread of COVID-19 in Japan and overseas, among other factors.」
In addition to the previous uncertainty caused by China's economic slowdown and other factors, concerns about the outlook arising from the spread of COVID-19 in Japan and overseas were added. - FY2020-Q3RestatedAnnual report
「Overseas economies continued to face concerns about the outlook, including the slowdown in the Chinese economy stemming from US protectionist policies.」
The slowdown in the Chinese economy stemming from US protectionist policies and concerns about the outlook for overseas economies continue. - FY2020-Q2RestatedAnnual report
「Overseas economies continued to face concerns about the outlook, including the slowdown in the Chinese economy stemming from US protectionist policies.」
The slowdown in the Chinese economy stemming from US protectionist policies and concerns about the outlook for overseas economies continue. - FY2020-Q1WorsenedAnnual report
「Overseas economies continued to face concerns about the outlook, including a slowdown in the Chinese economy stemming from US protectionist policies.」
In addition to the previous description of uncertainty, the document explicitly identifies the slowdown in the Chinese economy stemming from US protectionist policies and concerns about the outlook. - FY2019-Q3RestatedAnnual report
「Overseas economies generally continued to recover gradually, but uncertainty remained due to US protectionist policies and the outlook for economic trends in China and other emerging Asian economies.」
Uncertainty in overseas economies due to US protectionist policies and economic trends in China and other emerging Asian economies continues. - FY2019-Q2RestatedAnnual report
「Overseas economies generally continued to recover gradually, but uncertainty remained due to US protectionist policies and the outlook for economic trends in China and other emerging Asian economies.」
Uncertainty in overseas economies due to US protectionist policies and economic trends in China and other emerging Asian economies continues. - FY2019-Q1RestatedAnnual report
「Overseas economies generally continued to recover gradually, but uncertainty remained due to US protectionist policies and the outlook for economic trends in China and other emerging Asian economies.」
Uncertainty in overseas economies due to US protectionist policies and economic trends in China and other emerging Asian economies continues. - FY2018WorsenedAnnual report
「The global economy is expected to remain uncertain, with many risk factors, including the United States' protectionist trade policies, volatility in financial and capital markets, and the outlook for economies in China and other emerging Asian countries.」
The document continues to cite US protectionist trade policies, volatility in financial and capital markets, and the outlook for China and emerging Asian economies as sources of uncertainty. - FY2018-Q3RestatedAnnual report
「Overseas economies generally continued to recover gradually, but uncertainty about the outlook remained due to US policy and economic trends in China and other emerging economies.」
Uncertainty about the outlook for overseas economies due to US policy and economic trends in emerging economies, including China, continues. - FY2018-Q2RestatedAnnual report
「Overseas economies generally continued to recover gradually, but uncertainty about the outlook remained due to US policy and economic trends in China and other emerging economies.」
Uncertainty about the outlook for overseas economies due to US policy and economic trends in emerging economies, including China, continues. - FY2018-Q1RestatedAnnual report
「Overseas economies continued to recover gradually, despite regional disparities in Europe and the United States, but uncertainty about the outlook persisted due to uncertainty over US policy and economic trends in China and other emerging Asian economies.」
Uncertainty in overseas economies due to US policy and economic trends in emerging Asian economies, including China, continues. - FY2017WorsenedAnnual report
「The global economy is expected to remain uncertain, with many risk factors, including the implementation of the United States' protectionist economic policies, the impact of developments surrounding the UK's Brexit issue on countries around the world, and geopolitical risks in the Middle East and East Asia.」
In addition to the previous uncertainties surrounding China, the UK and US policy, the document explicitly identifies the implementation of US protectionism and geopolitical risks in the Middle East and East Asia, broadening the range of risks to the outlook. - FY2017-Q3RestatedAnnual report
「Overseas economies continued to recover gradually, despite regional disparities in Europe and the United States, but uncertainty about the outlook persisted due to the UK's Brexit issue, rising uncertainty over US policy, and economic trends in China and other emerging Asian economies.」
The document cites the UK's Brexit issue, economic trends in emerging Asian economies including China, and uncertainty over US policy, with uncertainty about the outlook for overseas economies continuing. - FY2017-Q2RestatedAnnual report
「Overseas economies saw a gradual recovery in Europe and the United States, but uncertainty about the outlook continued due to China's slowing growth and the impact of the UK's Brexit issue, among other factors.」
Uncertainty in overseas economies, including China's slowing growth and the UK's Brexit issue, continues. The document states that there have been no material changes to business and other risks. - FY2017-Q1First statedAnnual report
「Overseas economies saw a gradual recovery in Europe and the United States, but uncertainty about the outlook increased further due to China's slowing growth and the impact of the UK's Brexit issue, among other factors, while foreign exchange markets remained volatile.」
The document states that uncertainty about the outlook and foreign exchange rates increased against a backdrop of factors slowing overseas economies and the UK's Brexit issue.