Downside risks to the economy from infectious diseases, supply chain disruptions and financial market volatility
First written in FY2022-Q1. 6 of 11 entries say "Worsened", first in FY2022-Q3. Latest entry: FY2026-H1.
Japan PropTech moved to the "Worse" side of this theme in 2022, 1 year before the typical company in this theme (2023).
The whole theme swung hardest in 2022: 3 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「While Japan's economy during the interim accounting period was expected to recover gradually due to improvements in employment and income conditions and the effects of various policies, concern arose over the impact on private consumption of US trade policy and continued price increases, posing a downside risk to Japan's economy. The impact of volatility in financial and capital markets must also continue to be monitored.」
The company continues to identify US trade policy, rising prices and volatility in financial and capital markets as downside factors for the economy. - FY2025WorsenedAnnual report
「Although Japan's economy during the consolidated fiscal year was expected to recover gradually due to improvements in employment and income conditions and the effects of various policies, the risk of a downturn caused by US trade policy was increasing. In addition, a deterioration in consumer sentiment resulting from continued price increases posed a downside risk to Japan's economy.」
In addition to the previous risks such as rising prices, the company explicitly identified US trade policy and weaker consumer sentiment as economic risks. - FY2024-Q3RestatedAnnual report
「Japan's economy during the 3rd quarter cumulative consolidated period faced downside risks from a slowdown in overseas economies, including the impact of global monetary tightening and concerns about the outlook for China's economy. Close attention must also be paid to the effects of rising prices, the situation in the Middle East and volatility in financial and capital markets, and the outlook remains uncertain.」
The company continues to identify global monetary tightening, concerns about the outlook for China's economy, rising prices, the situation in the Middle East and volatility in financial and capital markets as downside factors for the economy. - FY2024-Q2WorsenedAnnual report
「While Japan's economy during the 2nd quarter cumulative consolidated period was expected to continue its gradual recovery amid improvements in employment and income conditions, a slowdown in overseas economies, including the impact of global monetary tightening and concerns about the outlook for China's economy, posed downside risks to Japan's economy. Close attention must also be paid to the effects of rising prices, the situation in the Middle East and volatility in financial and capital markets, and the outlook remains uncertain.」
In addition to the previous global monetary tightening, slowdown in overseas economies, rising prices and financial-market volatility, the company explicitly identified the situation in the Middle East as a downside factor. - FY2024-Q1WorsenedAnnual report
「While Japan's economy during the 1st quarter cumulative consolidated period was expected to continue its gradual recovery due to the effects of various policies, a slowdown in overseas economies, including the impact of global monetary tightening and concerns about the outlook for China's economy, posed downside risks to Japan's economy. Close attention must also be paid to the effects of rising prices and volatility in financial and capital markets, and the outlook remains uncertain.」
In addition to the previous global monetary tightening, slowdown in overseas economies, rising prices and financial and capital market volatility, the company explicitly identified concerns about the outlook for China's economy as a downside risk. - FY2023-Q3RestatedAnnual report
「Japan's economy during the 3rd quarter cumulative consolidated period was expected to recover under the "living with COVID-19" approach, partly due to the effects of various policies. However, while global monetary tightening and other factors continued, a slowdown in overseas economies posed a downside risk to Japan's economy. Close attention also had to be paid to the effects of rising prices and volatility in financial and capital markets, and the outlook remained uncertain.」
The company continues to identify global monetary tightening, a slowdown in overseas economies, rising prices and volatility in financial and capital markets as downside factors for the economy. - FY2023-Q2WorsenedAnnual report
「Japan's economy during the 2nd quarter cumulative consolidated period was expected to recover, partly due to the effects of various measures addressing COVID-19, but global monetary tightening and a slowdown in overseas economies posed downside risks to Japan's economy. Close attention must also be paid to the effects of rising prices, supply-side constraints, volatility in financial and capital markets, and the spread of infections in China.」
In addition to the previous global monetary tightening, slowdown in overseas economies, rising prices, supply constraints and financial-market volatility, the company explicitly identified the impact of the spread of infections in China as a downside factor for the economy. - FY2023-Q1WorsenedAnnual report
「Japan's economy during the 1st quarter cumulative consolidated period faced downside risks from global monetary tightening and a slowdown in overseas economies, which could weigh on economic conditions in Japan, as restrictions on activities were eased and economic and social activity normalised following measures to prevent COVID-19 infections and progress in vaccinations. Close attention must also be paid to the effects of rising prices, supply-side constraints and volatility in financial and capital markets.」
In addition to the previous infectious-disease risks, financial-market volatility and supply constraints, the company explicitly identified global monetary tightening, a slowdown in overseas economies and rising prices as downside factors for the economy. - FY2022-Q3WorsenedAnnual report
「However, close attention must be paid to downside risks arising from the uncertain situation surrounding Ukraine and other areas, rising raw material prices, volatility in financial and capital markets, and supply-side constraints. The impact of infectious diseases must also continue to be monitored.」
In addition to the previous infectious-disease risks and financial-market volatility, the company explicitly identified the situation surrounding Ukraine, rising raw material prices and supply-side constraints as downside risks. - FY2022-Q2RestatedAnnual report
「Japan's economy during the 2nd quarter cumulative period remained in a difficult situation due to the impact of COVID-19. Although economic recovery is expected, supported by the effects of various policies and an improvement in overseas economies, it is necessary to monitor the impact of infectious diseases, including variant strains, on the economies of Japan and overseas, as well as volatility in financial and capital markets.」
The company identified the economic impact of infectious diseases, including variant strains, and volatility in financial and capital markets as downside factors that should continue to be monitored. - FY2022-Q1First statedAnnual report
「Although economic recovery is expected, supported by the effects of various policies and an improvement in overseas economies, it remains necessary to monitor the potential extent of the impact of infectious diseases in Japan and overseas, downside risks through supply chains, and volatility in financial and capital markets.」
In addition to the previous infectious-disease risks, the company first collectively identified supply-chain impacts and financial and capital market volatility as downside factors for the economy.