Volatility in Financial and Capital Markets and Rising Raw Material Prices
First written in FY2023-Q1. 7 of 10 entries say "Worsened", first in FY2023-Q2. Latest entry: FY2026.
Institution for a Global Society 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: 40 of 57 companies on the "Worse" side.
37 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Uncertainty about the outlook has persisted due to prolonged inflation, rising domestic long-term interest rates, and volatility in foreign exchange and financial and capital markets, amid the influence of U.S. trade policy, geopolitical risks and overseas economies.」
The company cited U.S. trade policy, geopolitical risks, and volatility in prices, interest rates, foreign exchange and financial and capital markets as sources of uncertainty in the external environment. - FY2026-H1WorsenedAnnual report
「During the current interim consolidated fiscal period, Japan's economy was on a gradual recovery trend, supported in part by companies maintaining high earnings levels, but showed signs of stagnation, particularly in manufacturing, due to U.S. tariff policy and slower growth in overseas economies.」
The company cited U.S. tariff policy and slower growth in overseas economies as new sources of uncertainty, and indicated signs of economic stagnation, particularly in manufacturing. - FY2025WorsenedAnnual report
「Corporate investment stances became increasingly cautious, and the challenging business environment remained in place, due to factors including the widening Japan-U.S. interest rate differential, trade friction resulting from U.S. tariff policy, and heightened geopolitical risks associated with Gaza and Ukraine.」
The company cited interest rate differentials, U.S. tariff policy and trade friction, and geopolitical risks associated with Gaza and Ukraine as new sources of uncertainty. - FY2024RestatedAnnual report
「During the current consolidated fiscal year, Japan's economy continued to recover gradually in terms of employment and income conditions and the earnings environment for companies, despite growing concern about global inflation, the yen's depreciation due in part to interest rate differentials, and political instability related to Gaza and Ukraine.」
The company continued to identify inflation, the yen's depreciation and geopolitical uncertainty as sources of uncertainty in the external environment, while also indicating a gradual recovery in employment and income conditions. - FY2024-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, Japan's economy was expected to continue its gradual recovery, supported by improving employment and income conditions, although caution was warranted regarding global inflation, policy rate hikes and rising geopolitical risks.」
The company continued to signal caution regarding global inflation, policy rate hikes and geopolitical risks, while also expecting a gradual recovery supported by improving employment and income conditions. - FY2024-Q1WorsenedAnnual report
「Although restrictions on movement imposed in response to COVID-19 were almost completely lifted, uncertainty over the future of the economy increased amid global inflation, policy rate hikes and rising geopolitical risks.」
While the impact of infectious diseases has weakened, the company cited global inflation, policy rate hikes and geopolitical risks as new sources of uncertainty. - FY2023WorsenedAnnual report
「While an economic recovery is expected as the impact of COVID-19 subsides, uncertainty about the outlook has increased due to rising resource and raw material prices resulting from the prolonged situation in Ukraine and growing financial risks originating in U.S. regional banks.」
The company newly cited financial risks originating in U.S. regional banks, in addition to rising resource and raw material prices, expanding the factors contributing to uncertainty in the economic environment. - FY2023-Q3WorsenedAnnual report
「During the first nine months of the current fiscal year, the impact of COVID-19 on economic activity in Japan gradually weakened, while resource and raw material prices rose as a result of the prolonged situation in Ukraine, triggering a substantial increase in prices and strengthening the increasingly pessimistic outlook for the economy. Business conditions also deteriorated in some industries. In the United States, conditions in the IT industry weakened and layoffs continued, indicating that the rapid pace of digitalization had slowed recently.」
The company expanded its discussion of factors worsening the economic environment to include rising resource and raw material prices, inflation, deteriorating conditions in some industries, weakness in the U.S. IT industry, layoffs and slower digitalization. - FY2023-Q2WorsenedAnnual report
「During the first six months of the current fiscal year, Japan's economy saw the impact of COVID-19 on economic activity gradually weaken. However, rising resource and raw material prices resulting from the prolonged situation in Ukraine raised concerns about the possibility of stagflation, strengthening the increasingly pessimistic outlook for the economy. In addition, the rapid depreciation of the yen further increased uncertainty about Japan's economic outlook.」
The company stated that the prolonged situation in Ukraine, rising resource and raw material prices, the possibility of stagflation and the rapid depreciation of the yen had further increased uncertainty about the economic outlook. - FY2023-Q1First statedAnnual report
「Looking ahead, close attention is required regarding financial and capital market volatility, rising raw material prices and the further spread of infectious diseases.」
While stating that there were no significant changes in the Business and Other Risks section, the company listed financial and capital market volatility and rising raw material prices for the first time as matters requiring attention in the economic outlook.