Dependence on Domestic Economic Conditions and Business Trends
First written in FY2016. 6 of 12 entries say "Worsened", first in FY2022. Latest entry: 2026-08-10.
Lion Office Products Corp. moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 4 of 17 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- 2026-08-10WorsenedEarnings
「The outlook remains uncertain, owing to the impact of the situation in the Middle East, the prolonged global inflation and fluctuations in foreign exchange rates.」
The situation in the Middle East, prolonged inflation and foreign exchange rate fluctuations are identified as factors contributing to uncertainty. - FY2025-H1WorsenedAnnual report
「However, real wage growth has not kept pace with rising prices, and the economy lacks strength in some respects. The Bank of Japan's move toward normalizing monetary policy may also affect the economy going forward. Meanwhile, the increasing geopolitical risks and developments under the Trump administration in the United States remain highly uncertain, and the outlook continues to be uncertain.」
Although no material changes have been identified in the risks related to the business, the operating environment relating to dependence on domestic economic conditions now additionally identifies real wages and prices, monetary policy normalization, geopolitical risks and developments under the U.S. administration as sources of uncertainty. - FY2024-H1WorsenedAnnual report
「Uncertainty continues due to the protracted situation in Ukraine, the Israeli-Palestinian conflict, rising raw material prices resulting from surging crude oil prices, price trends associated with the weaker yen and the lifting of negative interest rates, and other factors.」
In addition to the existing geopolitical situation, raw material prices, the weaker yen and inflation, the filing identifies price trends associated with the lifting of negative interest rates as a source of uncertainty. It also states that the economy is gradually improving. - FY2023WorsenedAnnual report
「Uncertainty has increased due to the protracted situation in Ukraine, the newly emerged Israeli-Palestinian conflict, rising raw material prices resulting from surging crude oil prices, and concerns about inflation.」
Regarding the risk associated with dependence on domestic economic and market fluctuations, the filing identifies the Israeli-Palestinian conflict, rising raw material prices and concerns about inflation in addition to the COVID-19 pandemic and the situation in Ukraine. - FY2023-H1WorsenedAnnual report
「Although uncertainty continued due to the situation in Ukraine, surging raw material prices and logistics costs, the trend toward a weaker yen, and concerns about inflation, the company worked to minimize the impact by reducing various costs and revising prices.」
In addition to the traditional risks of economic and market fluctuations, the situation in Ukraine, high logistics costs, the weaker yen and concerns about inflation continue to be identified as sources of uncertainty. - FY2022WorsenedAnnual report
「During the consolidated fiscal year, uncertainty continued due to the spread of COVID-19, for which no signs of containment were yet visible, the deteriorating situation in Ukraine, rising raw material prices resulting from surging crude oil prices, and concerns about inflation.」
In addition to the COVID-19 pandemic, the risks associated with dependence on domestic economic and market fluctuations now include the situation in Ukraine, high crude oil prices, rising raw material prices and concerns about inflation. - FY2021RestatedAnnual report
「During the consolidated fiscal year, the Japanese economy was affected by repeated declarations of a state of emergency due to the spread of COVID-19, and consumer spending remained sluggish. However, as vaccination rates increased, economic activity gradually began to recover and corporate performance was on a recovery trend.」
The risk of dependence on domestic economic conditions and capital investment, among other factors, remains. The filing also describes a recovery trend supported by vaccinations, despite the stagnation caused by COVID-19. - FY2020MaterialisedAnnual report
「During the consolidated fiscal year, the Japanese economy saw a substantial deterioration in business sentiment due to the spread of COVID-19, and concerns about the outlook were being voiced.」
The filing describes the traditional risk of domestic economic fluctuations affecting business performance, noting that the risk materialized as a deterioration in business sentiment due to COVID-19. - FY2019RestatedAnnual report
「The Group's sales are largely domestic, and changes in capital investment, public investment and other areas resulting from fluctuations in economic conditions in Japan may adversely affect the Group's business performance and financial position.」
Dependence on domestic sales and the impact of fluctuations in domestic economic conditions, capital investment and public investment continue to be identified as risks. - FY2018RestatedAnnual report
「Nearly all of the Group's sales are domestic, and unforeseeable economic trends or market changes may adversely affect its business performance.」
Dependence on domestic sales and the impact of economic and market changes on business performance continue to be identified as risks. - FY2017RestatedAnnual report
「Nearly all of the Group's sales are domestic, and unforeseeable economic trends or market changes may adversely affect its business performance.」
Dependence on domestic sales and the impact of economic and market changes continue to be identified as risks. - FY2016First statedAnnual report
「Nearly all of the Group's sales are domestic, and unforeseeable economic trends or market changes may adversely affect its business performance.」
The concentration of domestic sales and the impact of economic and market changes on business performance are identified as risks.