Uncertainty in Overseas Economies Stemming from the Slowdown in Emerging-Market Economies and the UK's Withdrawal from the EU
First written in FY2017-Q2. 17 of 28 entries say "Restated". Latest entry: 2026-08-07.
The whole theme swung hardest in 2022: 145 of 177 companies on the "Worse" side.
53 other companies' latest entry also says "Restated".
- 2026-08-07RestatedEarnings
「当第１四半期連結累計期間におけるわが国経済は、経済活動の持ち直しの動きが見られたものの、海外景気の下振れ懸念や地政学的リスクの高まりなどにより、先行き不透明な状況が続きました。」
海外景気の下振れ懸念および地政学的リスクによる不透明感を継続して記載している。 - FY2026WorsenedAnnual report
「The Group operates globally, primarily in the chemical materials and agribusinesses, with overseas sales accounting for approximately 56% of sales in both businesses. Unexpected changes in local laws and regulations in individual countries and regions, the outbreak of large-scale infectious diseases, geopolitical risks and other contingencies such as war, riots and terrorism, and changes in the trade policies of major countries could materially affect the Group’s business performance.」
The overseas sales ratio was updated from approximately 51% to approximately 56%. In addition to the previously cited geopolitical risks and other factors, changes in the trade policies of major countries are explicitly identified. - FY2026-H1RestatedAnnual report
「During the current interim consolidated fiscal period, signs of a recovery in economic activity were observed, but the outlook remained uncertain due to concerns about a downturn in overseas economies and rising geopolitical risks, among other factors.」
While referring to the recovery in economic activity, the Company continues to describe uncertainty arising from concerns about a downturn in overseas economies and geopolitical risks. - FY2025-H1RestatedAnnual report
「During the current interim consolidated fiscal period, signs of a recovery in economic activity were observed, but the outlook remained uncertain due to concerns about a downturn in overseas economies associated with global monetary tightening and rising geopolitical risks, among other factors.」
While referring to the recovery in economic activity, the Company continues to describe uncertainty arising from concerns about a downturn in overseas economies due to global monetary tightening and geopolitical risks. - FY2024Updated overseas sales ratioAnnual report
「The Group operates globally, primarily in the chemical materials and agribusinesses, with overseas sales accounting for approximately 51% of sales in both businesses. Unexpected changes in local laws and regulations in individual countries and regions, the outbreak of large-scale infectious diseases, geopolitical risks and other contingencies such as war, riots and terrorism, and trade wars arising from conflicts between countries or regions could materially affect the Group’s business performance.」
The listing of geopolitical risks and other factors continues. The overseas sales ratio was disclosed as approximately 51%, down from approximately 55% previously. - FY2024-Q3Continued uncertainty factors, including geopolitical risksAnnual report
「During the first 3 quarters of the current consolidated fiscal year, signs of a recovery in economic activity, which had stagnated amid the global spread of COVID-19, emerged, but the outlook remained uncertain due to persistently high raw material and fuel prices, concerns about a downturn in overseas economies associated with global monetary tightening, and rising geopolitical risks, among other factors.」
While signs of a recovery in economic activity were observed, uncertainty arising from persistently high raw material and fuel prices, global monetary tightening, concerns about a downturn in overseas economies and geopolitical risks continues. - FY2024-Q2Added concerns about a downside to economic activity due to monetary tighteningAnnual report
「During the first 2 quarters of the current consolidated fiscal year, signs of a recovery in economic activity, which had stagnated amid the global spread of COVID-19, emerged, but the outlook remained uncertain due to persistently high raw material and fuel prices and concerns about a downside to economic activity associated with global monetary tightening, among other factors.」
While referring to signs of a recovery in economic activity, the Company explicitly identifies concerns about a downside to economic activity associated with global monetary tightening, in addition to persistently high raw material and fuel prices, as an uncertainty factor. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, signs of a recovery in economic activity, which had stagnated amid the global spread of COVID-19, emerged, but the outlook remained uncertain due to persistently high raw material and fuel prices and rising geopolitical risks, among other factors.」
While signs of a recovery in economic activity were observed, the lack of visibility into the outlook due to persistently high raw material and fuel prices and rising geopolitical risks continues. - FY2023-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, signs of a recovery in economic activity, which had stagnated amid the global spread of COVID-19, emerged, but the outlook remained uncertain due to global disruption to maritime transportation, higher raw material and fuel prices, and rising geopolitical risks, among other factors.」
Regarding the lack of visibility into the outlook, including for the overseas economy, the Company cites disruption to maritime transportation, higher raw material and fuel prices, and geopolitical risks, as in the previous quarter. - FY2023-Q2RestatedAnnual report
「During the first 2 quarters of the current consolidated fiscal year, signs of a recovery in economic activity, which had stagnated amid the global spread of COVID-19, emerged, but the outlook remained uncertain due to global disruption to maritime transportation, higher raw material and fuel prices, and rising geopolitical risks, among other factors.」
While referring to the recovery in economic activity from the impact of the infectious disease, the Company continues to describe uncertainty in the overseas economy arising from disruption to maritime transportation, higher raw material and fuel prices, and geopolitical risks. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal year, signs of a recovery in economic activity, which had stagnated amid the global spread of COVID-19, emerged, but the outlook remained uncertain due to global disruption to maritime transportation, higher raw material and fuel prices, and rising geopolitical risks, among other factors.」
While referring to the recovery in economic activity, the Company explicitly identifies rising geopolitical risks as a new uncertainty factor. - FY2022WorsenedAnnual report
「The Group operates globally, primarily in the chemicals and agricultural chemicals businesses, with overseas sales accounting for approximately 55% of sales in both businesses. Unexpected changes in local laws and regulations in individual countries and regions, the outbreak of large-scale infectious diseases, geopolitical risks and other contingencies such as war, riots and terrorism, and trade wars arising from conflicts between countries or regions could materially affect the Group’s business performance.」
The overseas sales ratio is stated as approximately 55%, up from approximately 50% previously, and geopolitical risks and other factors are explicitly identified in addition to the previously cited uncertainty in the overseas economy. - FY2022-Q3Continued inclusion of higher raw material and fuel prices as an uncertainty factorAnnual report
「During the first 3 quarters of the current consolidated fiscal year, signs of a recovery in economic activity, which had stagnated amid the global spread of COVID-19, emerged, but the outlook remained uncertain due to global disruption to maritime transportation and higher raw material and fuel prices, among other factors.」
While referring to signs of a recovery in economic activity, the Company identifies higher raw material and fuel prices, in addition to the existing disruption to maritime transportation, as an uncertainty factor. - FY2022-Q2Added global disruption to maritime transportationAnnual report
「During the first 2 quarters of the current consolidated fiscal year, the Japanese economy remained uncertain due to stagnating economic activity associated with the global spread of COVID-19 and global disruption to maritime transportation, among other factors.」
Regarding uncertainty in the overseas economy and the lack of visibility into the outlook, the Company identifies global disruption to maritime transportation as a new factor. - FY2021ReframedAnnual report
「The Group operates globally, primarily in the chemicals and agricultural chemicals businesses, with overseas sales accounting for approximately 50% of sales in both businesses. Unexpected changes in local laws and regulations in individual countries and regions, the outbreak of large-scale infectious diseases, geopolitical risks and other contingencies such as war, riots and terrorism, and trade wars arising from conflicts between countries or regions could materially affect the Group’s business performance.」
The discussion has expanded from the previous general classification of uncertainty in the overseas economy to a listing of specific overseas business risks, including local laws and regulations, infectious diseases, war, riots, terrorism and trade wars, against a backdrop of overseas sales accounting for approximately 50% of sales. The Company also describes information gathering and trend analysis by local subsidiaries. - FY2020-Q2RestatedAnnual report
「During the first 2 quarters of the current consolidated fiscal year, the Japanese economy remained on a moderate recovery trend, supported by improvements in employment conditions and personal consumption, although the outlook remained uncertain due to uncertainty in the overseas economy arising from trade issues, including the U.S.-China trade friction, and exchange-rate fluctuations, among other factors.」
The Company continues to describe the lack of visibility into the outlook arising from uncertainty in the overseas economy, trade issues and exchange-rate fluctuations. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, the Japanese economy remained on a moderate recovery trend, supported by improvements in employment conditions and personal consumption, although the outlook remained uncertain due to uncertainty in the overseas economy arising from trade issues, including the U.S.-China trade friction, and exchange-rate fluctuations, among other factors.」
The Company continues to describe the lack of visibility into the outlook arising from uncertainty in the overseas economy and exchange-rate fluctuations in connection with trade issues, including the U.S.-China trade friction. - FY2019-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, the Japanese economy remained on a moderate recovery trend, supported by improvements in employment conditions and corporate earnings, although the outlook remained uncertain due to uncertainty in the overseas economy arising from trade issues, including the U.S.-China trade friction, and exchange-rate fluctuations, among other factors.」
The Company continues to disclose uncertainty in the overseas economy, citing trade issues, including the U.S.-China trade friction, and exchange-rate fluctuations as factors. - FY2019-Q2RestatedAnnual report
「Although the Japanese economy remained on a moderate recovery trend, supported by improvements in employment conditions and corporate earnings, the outlook remained uncertain due to uncertainty in the overseas economy arising from trade issues and exchange-rate fluctuations, among other factors.」
In addition to uncertainty in the overseas economy and exchange-rate fluctuations, the Company explicitly identifies trade issues as a factor contributing to the lack of visibility into the outlook. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, the Japanese economy remained on a moderate recovery trend, supported by improvements in employment conditions and corporate earnings, although the outlook remained uncertain due to continued uncertainty in the overseas economy and exchange-rate fluctuations, among other factors.」
The Company states that uncertainty in the overseas economy, exchange-rate fluctuations and the lack of visibility into the outlook continue. - FY2018RestatedAnnual report
「During the current consolidated fiscal year, the Japanese economy remained on a moderate recovery trend, supported by improvements in employment conditions and corporate earnings, although the outlook remained uncertain, including because uncertainty in the overseas economy continued.」
The Company states that uncertainty in the overseas economy and the lack of visibility into the outlook continue. - FY2018-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, the Japanese economy remained on a moderate recovery trend, supported by improvements in employment conditions and corporate earnings, although the outlook remained uncertain, including because uncertainty in the overseas economy continued.」
The Company states that uncertainty in the overseas economy and the lack of visibility into the outlook continue. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, the Japanese economy remained on a moderate recovery trend, supported by improvements in employment conditions and corporate earnings, but the outlook remained uncertain, including because uncertainty in the overseas economy continued.」
The Company states that uncertainty in the overseas economy and the lack of visibility into the outlook continue. - FY2017RestatedAnnual report
「Although an economic recovery driven by various government policies and other measures is expected to continue, the outlook is expected to remain uncertain due to uncertainty in the overseas economy arising from the unstable international situation and the impact of policies adopted by the new U.S. administration, among other factors.」
The Company states that uncertainty in the overseas economy and the lack of visibility into the outlook will continue, including the impact of policies adopted by the new U.S. administration. - FY2017-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, the Japanese economy remained on a moderate recovery trend, supported by improvements in employment conditions and other factors, but the outlook for the overseas economy remained uncertain.」
The Company states that uncertainty about the outlook for the overseas economy continues. - FY2017-Q2First statedAnnual report
「Although the Japanese economy remained on a moderate recovery trend, supported by improvements in employment conditions and other factors, uncertainty about the outlook for the overseas economy continued due to the slowdown in emerging-market economies and other factors, as well as issues surrounding the United Kingdom’s withdrawal from the EU.」
The business review explicitly identifies, for the first time, the slowdown in emerging-market economies and the United Kingdom’s withdrawal from the EU as factors contributing to uncertainty in the overseas economy. The business and other risks section states that there are no new risks or significant changes.