Greater Uncertainty in the Macroeconomic and Global Environment
First written in FY2016-Q3. 20 of 32 entries say "Restated". Latest entry: 2026-08-06.
Fuji Pharma moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2022: 160 of 184 companies on the "Worse" side.
56 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「During the second quarter of the fiscal year under review, Japan's economy continued to face unstable global conditions, soaring raw material and energy prices, and a weakening trend in the yen.」
The company continues to describe the uncertainty in the economic environment caused by the unstable global situation, soaring raw material and energy prices, and the trend toward yen depreciation. - FY2024-Q1RestatedAnnual report
「During the first quarter of the fiscal year under review, Japan's domestic economic outlook became uncertain as unstable global conditions continued, raw material and energy prices soared, the yen continued to weaken and prices continued to rise.」
Uncertainty about the outlook caused by unstable global conditions, soaring raw material and energy prices, the weakening trend in the yen and rising prices continues to be described. - FY2023-Q3RestatedAnnual report
「During the third quarter of the fiscal year under review, Japan's economy began to show signs of recovery, particularly in private consumption, as efforts to balance COVID-19 measures with economic activity progressed. However, amid continuing instability in global conditions, soaring raw material and energy prices, and sharp exchange-rate fluctuations, prices continued to rise, leaving the outlook uncertain.」
Uncertainty about the outlook caused by unstable global conditions, soaring raw material and energy prices, sharp exchange-rate fluctuations and rising prices is described, as in the previous quarter. - FY2023-Q2RestatedAnnual report
「During the second quarter of the fiscal year under review, Japan's economy began to show signs of recovery, particularly in private consumption, as efforts to balance COVID-19 measures with economic activity progressed. However, amid continuing instability in global conditions, soaring raw material and energy prices, and sharp exchange-rate fluctuations, prices continued to rise, leaving the outlook uncertain.」
While noting signs of recovery from balancing infection-control measures with economic activity, uncertainty about the outlook caused by unstable global conditions, soaring raw material and energy prices, sharp exchange-rate fluctuations and rising prices continues to be described. - FY2023-Q1RestatedAnnual report
「During the first quarter of the fiscal year under review, Japan's economy began to show signs of recovery, particularly in private consumption, as efforts to balance COVID-19 measures with economic activity progressed. However, amid continuing instability in global conditions, soaring raw material and energy prices, and sharp exchange-rate fluctuations, prices continued to rise, leaving the outlook uncertain.」
While noting signs of recovery from balancing the response to COVID-19 with economic activity, uncertainty about the outlook caused by unstable global conditions, soaring raw material and energy prices, sharp exchange-rate fluctuations and rising prices continues to be described. - FY2022WorsenedAnnual report
「During the fiscal year under review, amid the continued spread of COVID-19, raw material and energy prices rose and the yen depreciated sharply following the start of Russia's military invasion of Ukraine, among other factors. As prices began to increase, conditions both in Japan and overseas became uncertain and unpredictable.」
In addition to COVID-19, the situation in Ukraine, and rising raw material and energy prices, the sharp depreciation of the yen and rising prices are explicitly identified as sources of uncertainty in the external environment. - FY2022-Q3RestatedAnnual report
「During the third quarter of the fiscal year under review, amid the continued spread of COVID-19, raw material and energy prices rose and prices began to increase following the start of Russia's military invasion of Ukraine, among other factors. Conditions both in Japan and overseas have consequently become uncertain and unpredictable.」
Uncertainty in Japan and overseas caused by COVID-19, Russia's invasion of Ukraine, rising raw material and energy prices, and rising prices is described, as in the previous quarter. - FY2022-Q2WorsenedAnnual report
「During the second quarter of the fiscal year under review, amid the continued spread of COVID-19, raw material and energy prices rose and prices began to increase following the start of Russia's military invasion of Ukraine, among other factors. Conditions both in Japan and overseas have consequently become uncertain and unpredictable.」
In addition to COVID-19, Russia's invasion of Ukraine, rising raw material and energy prices, and rising prices are described as new sources of uncertainty. - FY2022-Q1WorsenedAnnual report
「During the first quarter of the fiscal year under review, Japan's economy had begun to show signs of recovery, particularly in private consumption, as COVID-19 infections were brought under control. However, with the spread of new variants, conditions both in Japan and overseas have again become uncertain and unpredictable.」
The description has changed from infection control measures and signs of recovery to renewed uncertainty in Japan and overseas caused by the spread of new variants. - FY2021MitigatedAnnual report
「In terms of sales, sales of contrast media and infertility treatments were affected by patients refraining from seeking medical care, although the impact had eased as of the date of filing.」
Although the impact of patients refraining from seeking medical care due to COVID-19 actually occurred, it is stated to have eased as of the date of filing. - FY2021-Q3RestatedAnnual report
「During the third quarter of the fiscal year under review, Japan's economy became uncertain and unpredictable both domestically and overseas due to the global spread of COVID-19.」
Uncertainty in Japan and overseas caused by the global spread of COVID-19 continues to be described. - FY2021-Q2RestatedAnnual report
「During the second quarter of the fiscal year under review, Japan's economy became uncertain and unpredictable both domestically and overseas due to the global spread of COVID-19.」
Uncertainty in Japan and overseas caused by the global spread of COVID-19 continues to be described. - FY2021-Q1RestatedAnnual report
「During the first quarter of the fiscal year under review, Japan's economy became uncertain and unpredictable both domestically and overseas due to the global spread of COVID-19.」
Uncertainty in Japan and overseas caused by the global spread of COVID-19 continues to be described. However, it is stated that there was no material impact on financial position, operating results or cash flows during the quarter. - FY2020MaterialisedAnnual report
「In terms of sales, sales of contrast media and infertility treatments were affected by patients refraining from seeking medical care, although the impact had eased as of the date of filing.」
The impact of patients refraining from seeking medical care on sales of contrast media and infertility treatments as a result of COVID-19 is described as having actually occurred. At the same time, the impact is stated to have eased as of the date of filing. - FY2020-Q3RestatedAnnual report
「During the third quarter of the fiscal year under review, corporate performance remained stagnant as a result of the impact of the global economy, including US-China trade friction. With the global spread of COVID-19, conditions both in Japan and overseas have become uncertain and unpredictable.」
Uncertainty in Japan and overseas caused by US-China trade friction and the global spread of COVID-19 continues to be described from the previous quarter. - FY2020-Q2WorsenedAnnual report
「During the second quarter of the fiscal year under review, corporate performance remained stagnant as a result of the impact of the global economy, including US-China trade friction. With the global spread of COVID-19, conditions both in Japan and overseas have become uncertain and unpredictable.」
The description of COVID-19 has become more specific, changing from the outbreak cited in the previous quarter to its global spread, and conditions both in Japan and overseas are described as uncertain and unpredictable. - FY2020-Q1MaterialisedAnnual report
「During the first quarter of the fiscal year under review, Japan's economy saw relatively solid private consumption continue, while corporate performance, affected by the global economy, showed strong signs of stagnation. Uncertainty about the outlook continues amid unstable overseas political conditions and the spread of a novel infectious disease.」
In addition to overseas political conditions and other factors previously cited, the spread of a novel infectious disease is described as an actual external-environment factor, with macroeconomic uncertainty emerging as a new development. - FY2019WorsenedAnnual report
「The environment surrounding the pharmaceutical industry has become increasingly challenging due to policies to curb pharmaceutical spending, including annual drug price revisions since 2020 against a backdrop of difficulties in securing funding for social security costs, tighter safety and quality regulations, and changes in marketing activities.」
Annual drug price revisions since 2020, tighter regulations and changes in marketing activities have been added as factors contributing to the challenging external environment. - FY2019-Q3RestatedAnnual report
「During the third quarter of the fiscal year under review, Japan's economy was affected by the relatively solid global economy, and corporate performance remained firm and followed a moderate recovery trend. However, uncertainty about the outlook continues amid unstable overseas political conditions and US protectionist trade policies, including US-China trade friction.」
Uncertainty about the outlook caused by unstable overseas political conditions, US protectionist trade policies and US-China trade friction continues to be described. - FY2019-Q2RestatedAnnual report
「During the second quarter of the fiscal year under review, Japan's economy was affected by the relatively solid global economy, and corporate performance remained firm and followed a moderate recovery trend. However, uncertainty about the outlook continues amid unstable overseas political conditions and US protectionist trade policies, including US-China trade friction.」
Uncertainty about the outlook caused by unstable overseas political conditions, US protectionist trade policies and US-China trade friction continues to be described. - FY2019-Q1WorsenedAnnual report
「During the first quarter of the fiscal year under review, Japan's economy was affected by the relatively solid global economy, and corporate performance remained firm and followed a moderate recovery trend. However, uncertainty about the outlook continues amid unstable overseas political conditions and US protectionist trade policies, including US-China trade friction.」
In addition to the previously cited overseas political conditions and geopolitical risks, US protectionist trade policies and US-China trade friction are explicitly identified as new sources of uncertainty. - FY2018WorsenedAnnual report
「The environment surrounding the pharmaceutical industry has become increasingly challenging due to policies to curb pharmaceutical spending against a backdrop of deteriorating public finances in various countries and difficulties in securing funding for social security costs, tighter safety and quality regulations, and changes in marketing activities.」
In addition to the previously cited overseas political conditions and geopolitical risks, a broader range of challenges in the external environment is described, including deteriorating public finances in various countries, difficulties in funding social security costs, policies to curb pharmaceutical spending and tighter regulations. - FY2018-Q3RestatedAnnual report
「During the third quarter of the fiscal year under review, Japan's economy was affected by the relatively solid global economy, and corporate performance remained firm and followed a moderate recovery trend. However, uncertainty about the outlook continues amid unstable overseas political conditions and geopolitical risks, including the North Korean issue.」
Uncertainty about the outlook caused by unstable overseas political conditions and geopolitical risks, including the North Korean issue, continues to be described. - FY2018-Q2RestatedAnnual report
「During the second quarter of the fiscal year under review, Japan's economy was affected by the relatively solid global economy, and corporate performance remained firm and followed a moderate recovery trend. However, uncertainty about the outlook continues amid unstable overseas political conditions and geopolitical risks, including the North Korean issue.」
Uncertainty about the outlook caused by unstable overseas political conditions and geopolitical risks, including the North Korean issue, continues to be described from the previous quarter. - FY2018-Q1WorsenedAnnual report
「Uncertainty about the outlook continues amid unstable overseas political conditions and geopolitical risks, including the North Korean issue.」
In addition to overseas political conditions, geopolitical risks including the North Korean issue are explicitly identified, broadening the sources of uncertainty in the external environment. - FY2017RestatedAnnual report
「During the fiscal year under review, Japan's economy saw a recovery in corporate performance, particularly among export-oriented companies, supported by the strong US economy. However, uncertainty about the outlook is increasing further amid unstable global conditions, including the mixture of expectations and concerns regarding the new US administration and the UK's Brexit issue, as well as slowing growth in emerging markets, led by China.」
The new US administration, the UK's Brexit issue and uncertainty in the external environment caused by slowing growth in emerging markets, including China, continue to be described. - FY2017-Q3RestatedAnnual report
「During the third quarter of the fiscal year under review, Japan's economy saw a recovery in corporate performance, particularly among export-oriented companies, supported by the strong US economy. However, uncertainty about the outlook is increasing further amid unstable global conditions, including the mixture of expectations and concerns regarding the new US administration and the UK's Brexit issue, as well as slowing growth in emerging markets, led by China.」
The new US administration, the UK's Brexit issue and slowing growth in emerging markets, including China, continue to be described as sources of uncertainty in the external environment. - FY2017-Q2RestatedAnnual report
「During the second quarter of the fiscal year under review, Japan's economy saw a recovery in corporate performance, particularly among export-oriented companies, supported by the strong US economy. However, uncertainty about the outlook is increasing further amid unstable global conditions, including the mixture of expectations and concerns regarding the new US administration and the UK's Brexit issue, as well as slowing growth in emerging markets, led by China.」
The new US administration, the UK's Brexit issue and slowing growth in emerging markets, including China, are described as sources of uncertainty in the external environment, as in the previous quarter. - FY2017-Q1RestatedAnnual report
「During the first quarter of the fiscal year under review, Japan's economy saw a recovery in corporate performance, particularly among export-oriented companies, supported by the strong US economy. However, uncertainty about the outlook is increasing further amid unstable global conditions, including the mixture of expectations and concerns regarding the new US administration and the UK's Brexit issue, as well as slowing growth in emerging markets, led by China.」
The new US administration, the UK's Brexit issue and slowing growth in emerging markets, including China, continue to be described as sources of uncertainty in the external environment. - FY2016-Q3First statedAnnual report
「With a clear slowdown in growth in emerging markets, led by China, and the outcome of the UK referendum, in which the Leave campaign won, uncertainty about the outlook is increasing further.」
External-environment risks related to slower growth in emerging markets and the outcome of the UK referendum are described.