External Environment Risks from U.S. Policy Risks and Financial and Capital Market Volatility
First written in FY2018-Q4. 8 of 16 entries say "Restated". Latest entry: FY2026-H1.
Intage Holdings moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
9 other companies' latest entry also says "Other".
- FY2026-H1US trade policy and inflation, alongside country-by-country differences in Asian economiesAnnual report
「However, the effects of US trade policy and the impact of continued price increases on private consumption pose risks of putting downward pressure on Japan's economy. It is also necessary to continue paying attention to the effects of volatility in the financial and capital markets. In Asia, where the Group operates, economic conditions in China are expected to remain stalled, while signs of a recovery or improvement are visible in other countries.」
US trade policy, rising prices, and financial and capital market volatility are identified as matters requiring attention in the external environment. For Asia, the disclosure notes both the continued stagnation of China's economy and signs of improvement and recovery in other countries. - FY2025-H1WorsenedAnnual report
「However, downside risks to overseas economies, including the prolonged high interest-rate environment in Europe and the US and the continued stagnation of China's property market, pose a risk of putting downward pressure on Japan's economy. In addition, it is necessary to pay close attention to the effects of rising prices, future US policy developments, the situation in the Middle East, and volatility in the financial and capital markets. Economic conditions in the Asian region, where the Group operates, have stalled.」
The disclosure explicitly identifies high interest rates in Europe and the US, stagnation in China's property market, future US policy developments, the situation in the Middle East, and rising prices as factors contributing to downside risks to overseas economies. It also states that economic conditions in Asia have stalled after being on a recovery trend through the previous fiscal year. - FY2024-Q3WorsenedAnnual report
「However, the environment surrounding the Group's customers requires attention due to the effects of rising prices, the impact of the 2024 Noto Peninsula Earthquake on the economy, and volatility in the financial and capital markets.」
In addition to the previously identified need to remain mindful of financial and capital market volatility, rising prices and the economic impact of the 2024 Noto Peninsula Earthquake have been explicitly identified as matters requiring attention in the external environment. - FY2024-Q2RestatedAnnual report
「However, the environment surrounding the Group's customers remains uncertain due to downside risks to overseas economies, including the effects of global monetary tightening and concerns about the outlook for the Chinese economy.」
Downside risks to overseas economies arising from global monetary tightening and concerns about the outlook for the Chinese economy continue to be identified as matters requiring attention in the external environment. - FY2024-Q1RestatedAnnual report
「However, the environment surrounding the Group's customers remains uncertain due to downside risks to overseas economies, including the effects of global monetary tightening and concerns about the outlook for the Chinese economy.」
Downside risks to overseas economies arising from global monetary tightening and concerns about the outlook for the Chinese economy continue to be identified as matters requiring attention in the external environment. - FY2023-Q1RestatedAnnual report
「However, the environment surrounding the Group's customers remains uncertain due to supply constraints and rising raw material prices resulting from the prolonged situation in Ukraine and elsewhere, as well as the effects of global monetary tightening.」
The disclosure continues to identify uncertainty in the external environment arising from the situation in Ukraine and elsewhere, supply constraints, rising raw material prices, and global monetary tightening. - FY2022-Q3WorsenedAnnual report
「Looking ahead, economic and social activity is moving toward normalization as a result of the effects of various policies and improvement in overseas economies. However, amid uncertainty stemming not only from the effects of infectious diseases but also from the situation in Ukraine and elsewhere, it is necessary to remain mindful of the downside risk to the economy from rising raw material prices and other factors.」
In addition to the previously identified infectious diseases and uncertainty in overseas economies, uncertainty arising from the situation in Ukraine and elsewhere, and downside risks to the economy from rising raw material prices and other factors, have been newly identified. - FY2021RestatedAnnual report
「However, it is necessary to closely monitor developments in COVID-19 infections in Japan and overseas and the effects of volatility in the financial and capital markets.」
Developments in infectious diseases, overseas economies, and volatility in the financial and capital markets continue to be identified as matters requiring attention in the external environment. - FY2021-Q2RestatedAnnual report
「Looking ahead, signs of recovery are emerging as a result of the effects of various policies and improvement in overseas economies. However, it remains necessary to remain mindful of the downside risk to the economy from the spread of infectious diseases.」
The downside risk to the economy from the spread of infectious diseases continues to be identified as an external environmental risk requiring attention, even as signs of recovery emerge. - FY2021-Q1RestatedAnnual report
「No new business or other risks arose during the first quarter of the current consolidated cumulative period. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no new developments or significant changes in external environmental risks relating to US policy, overseas economies, trade issues, and the financial and capital markets. - FY2020-Q2Change in matters requiring attention among external environmental risksAnnual report
「Although weakness can be seen in Asia and Europe, economic conditions overall, including in the US, are gradually recovering. However, it is necessary to remain mindful of the situation in the Middle East, the outlook for the Chinese economy, the course of the UK's exit from the EU, and volatility in the financial and capital markets.」
While continuing to monitor uncertainty surrounding overseas economies and the financial and capital markets, the Chinese economy, and the UK's exit from the EU, the situation in the Middle East was identified in this disclosure as an additional matter requiring attention. - FY2020-Q1WorsenedAnnual report
「Although weakness can be seen in Asia and Europe, the economy overall is gradually recovering, with the US economy showing a steady recovery. However, it is necessary to remain mindful of risks arising from tensions over trade issues, the outlook for the Chinese economy, the course of the UK's exit from the EU, and volatility in the financial and capital markets.」
In addition to the previously identified trade issues, the Chinese economy, and uncertainty surrounding overseas economies and the financial and capital markets, the course of the UK's exit from the EU has been explicitly identified as an external environmental risk. - FY2019-Q4RestatedAnnual report
「Overseas, it is necessary to pay even closer attention to the impact of developments in trade issues on the global economy, while also remaining mindful of the outlook for the Chinese economy, uncertainty surrounding overseas economic conditions and policies, and volatility in the financial and capital markets.」
Trade issues, the outlook for the Chinese economy, uncertainty surrounding overseas economies and policies, and financial and capital market volatility continue to be identified as matters requiring attention in the external environment. - FY2019-Q2RestatedAnnual report
「Looking ahead, the domestic economy is expected to continue its gradual recovery as employment and income conditions continue to improve. However, it is necessary to closely monitor the effects of uncertainty in overseas economies caused by US policy risks, developments in trade issues, and volatility in the financial and capital markets.」
US policy risks, uncertainty in overseas economies, trade issues, and financial and capital market volatility continue to be identified as matters requiring attention in the external environment. - FY2019-Q1WorsenedAnnual report
「Looking ahead, the domestic economy is expected to continue its gradual recovery as employment and income conditions continue to improve. However, it is necessary to remain mindful of the impact of the successive natural disasters on the economy and closely monitor the effects of uncertainty in overseas economies caused by US policy risks, developments in trade issues, and volatility in the financial and capital markets.」
In addition to the previously identified US policy risks and financial and capital market volatility, successive natural disasters and trade issues have been explicitly identified as matters requiring attention in the external environment, broadening the scope of the risks. - FY2018-Q4First statedAnnual report
「It is necessary to remain mindful of the impact of uncertainty in overseas economies caused by US policy risks and volatility in the financial and capital markets.」
For the first time, uncertainty in overseas economies caused by US policy risks and volatility in the financial and capital markets have been explicitly identified as external environmental risks.