Uncertainty over the outlook due to the UK's exit from the EU, the downturn in emerging-market economies and yen appreciation
First written in FY2017-Q1. 14 of 17 entries say "Reframed", first in FY2017-Q3. Latest entry: FY2026-H1.
Seiryo Electric moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2022: 144 of 179 companies on the "Worse" side.
34 other companies' latest entry also says "Reframed".
- FY2026-H1ReframedAnnual report
「Meanwhile, the outlook remains uncertain because of factors including the impact of US tariff policies and soaring resource, energy and raw material prices, which are expected to have a significant impact on corporate activity and people's lives.」
In addition to geopolitical risks and yen depreciation previously cited, US tariff policies and soaring resource, energy and raw material prices were identified as sources of external uncertainty. - FY2025-H1ReframedAnnual report
「Meanwhile, the economic outlook remains uncertain because of continued yen depreciation, rising prices, difficulty procuring materials, financial market developments and conditions in the Middle East.」
Specific external risks were organized to include rising prices, difficulty procuring materials, financial markets and conditions in the Middle East, in addition to the geopolitical risks and yen depreciation previously cited. - FY2024-Q2ReframedAnnual report
「Meanwhile, the outlook remains uncertain because of persistently high prices worldwide, the trend toward yen depreciation and increasing geopolitical risks.」
Factors contributing to uncertainty over the outlook were organized as persistently high prices worldwide, the trend toward yen depreciation and increasing geopolitical risks. - FY2024-Q1ReframedAnnual report
「Meanwhile, shortages of materials and higher prices resulting from the rapid depreciation of the yen and the situation involving Russia and Ukraine continued to weigh heavily on people's lives. In addition, the outlook remained unstable amid concerns over an economic downturn caused by monetary tightening aimed at curbing inflation worldwide and financial institution failures.」
Uncertainty surrounding overseas conditions and foreign exchange was organized around the situation involving Russia and Ukraine, shortages of materials and higher prices, as well as concerns over an economic downturn caused by monetary tightening and financial institution failures. - FY2023ReframedAnnual report
「During the fiscal year under review, Japan's economy saw the gradual easing of restrictions on activities related to COVID-19 and signs of a return to normal social activity. At the same time, elevated resource, energy and raw material prices, resulting in part from the situation in Ukraine, continued to weigh heavily on people's lives.」
External risks related to overseas conditions and foreign exchange shifted from individual political and geopolitical factors previously cited to a focus on higher resource, energy and raw material prices resulting from the situation in Ukraine. - FY2023-Q2ReframedAnnual report
「Shortages of materials and higher prices resulting from the rapid depreciation of the yen and the prolonged situation involving Russia and Ukraine are having a significant impact on corporate activity and people's lives, leaving the outlook uncertain.」
External uncertainty was organized around the prolonged situation involving Russia and Ukraine, rapid yen depreciation, shortages of materials and higher prices. - FY2023-Q1ReframedAnnual report
「During the first quarter of the current consolidated fiscal year, restrictions on activity were eased as the number of COVID-19 cases declined, and economic activity gradually resumed. However, the outlook remains unstable, with the rapid depreciation of the yen and shortages of materials and higher prices, driven by factors including the situation between Russia and Ukraine, becoming social issues.」
Uncertainty surrounding overseas conditions and foreign exchange was organized around the situation involving Russia and Ukraine, rapid yen depreciation, shortages of materials and higher prices, rather than the UK's withdrawal from the EU and US-China trade friction previously cited. - FY2019ReframedAnnual report
「Although overseas economies, led by the solid performance of the United States and Europe, have remained firm, concerns persist over the impact of unstable political developments overseas and geopolitical risks, leaving the outlook uncertain.」
External uncertainty was organized around political developments overseas and geopolitical risks, rather than individual factors such as the UK's withdrawal from the EU and emerging-market economies previously cited. - FY2019-Q3ReframedAnnual report
「The global economy is recovering and picking up, with the US economy maintaining solid performance. At the same time, uncertainty over a potential economic slowdown, including US-China trade friction and the UK's withdrawal from the EU, continues to increase, and conditions remain uncertain.」
External uncertainty was organized around concerns over an economic slowdown resulting from US-China trade friction and the UK's withdrawal from the EU, rather than policy management in developed countries and the situation surrounding North Korea previously cited. - FY2019-Q2RestatedAnnual report
「Meanwhile, the global situation, including policy management in developed countries and developments concerning North Korea, remains uncertain.」
External uncertainty arising from policy management overseas and geopolitical conditions was reaffirmed. - FY2019-Q1ReframedAnnual report
「Although overseas economies, led by the solid performance of the United States and Europe, have remained firm, concerns persist over the impact of unstable political developments overseas and geopolitical risks in surrounding countries, leaving the outlook uncertain.」
External uncertainty was organized around political developments overseas and geopolitical risks in surrounding countries, rather than the UK's withdrawal from the EU and emerging-market economies previously cited. - FY2018-Q3ReframedAnnual report
「During the third quarter of the current consolidated cumulative period, the domestic economy showed signs of a moderate recovery, including improvements in corporate earnings and employment conditions, as the government and the Bank of Japan advanced various measures. However, the outlook remained uncertain owing to concerns about the global economy, including uncertainty surrounding policy management in advanced economies.」
External uncertainty was organized around uncertainty in policy management in developed countries and concerns about the global economy. - FY2018-Q2ReframedAnnual report
「During the second quarter of the current consolidated cumulative period, the domestic economy showed signs of a moderate recovery, including improvements in corporate earnings and employment conditions, as the government and the Bank of Japan advanced various measures. Meanwhile, the global outlook remained uncertain, including owing to policy management in advanced economies and developments concerning North Korea.」
Uncertainty surrounding overseas economies and politics was organized around policy management in developed countries and the situation surrounding North Korea, rather than the UK's withdrawal from the EU and emerging-market economies previously cited. - FY2018-Q1ReframedAnnual report
「Meanwhile, uncertainty continues because of the impact of overseas economies, including a slowdown in emerging-market economies and concerns over political developments in Europe and the United States.」
In this filing, external uncertainty was described in terms of a slowdown in emerging-market economies and concerns over political developments in Europe and the United States. - FY2017-Q3ReframedAnnual report
「Meanwhile, in response to China's economic slowdown, the UK's withdrawal from the EU and uncertainty over policy management following a change of administration in the United States, currency and equity markets have remained unstable, and uncertainty over the outlook continues.」
External uncertainty continued, with China’s economy, the change of administration in the United States, and instability in currency and equity markets cited in addition to the previously identified emerging-market economies and yen appreciation. - FY2017-Q2WorsenedAnnual report
「The yen appreciated rapidly amid an unstable financial market environment caused by the slowdown in emerging economies and the UK's EU withdrawal issue, while consumer spending and corporate earnings also showed signs of stagnation, and uncertainty about the outlook continued.」
The disclosure described a slowdown in emerging-market economies, the UK's withdrawal from the EU, instability in financial markets and the rapid appreciation of the yen. - FY2017-Q1First statedAnnual report
「Uncertainty over the outlook has increased because of factors including the UK's withdrawal from the EU, an economic slowdown in emerging markets and the impact of yen appreciation.」
The UK's withdrawal from the EU, an economic slowdown in emerging markets and yen appreciation were newly identified as sources of external uncertainty.