Dependence on Trends in Capital Investment, Personal Consumption and Public Works

「アメリカとイランをはじめとする地政学的リスクのため原材料等の調達が困難となり、製品の一部が生産できなくなると予測し売上、利益の予想数値を開示しましたが、当初の見込みより原材料の調達ができ販売・生産調整はしていますが、製品の供給は行えている状況となっています。」

「During the current consolidated fiscal year, the Japanese economy remained on a gradual recovery path, supported in part by the effects of various policies. However, the outlook remained uncertain due to soaring raw-material prices resulting from expanding geopolitical risks, as well as inflation caused by yen depreciation and interest-rate hikes.」

「中東情勢の緊迫化による資源・原材料の高騰、調達不安により先行きが不透明な状況が続くと予想され」

「Capital investment by the factory users that are its main customers remained sluggish due to US tariff policy, although」

「During the current interim consolidated fiscal period, the Japanese economy continued on a gradual recovery path, with corporate earnings improving and capital investment remaining solid as economic activity normalised. However, the outlook remained uncertain amid geopolitical risks, including the prolonged Russia-Ukraine conflict and heightened tensions in the Middle East, as well as continued soaring raw-material and energy prices.」

「The Group's business performance may be affected by trends in capital investment and private consumption, the implementation of traffic safety measures by the government and local authorities, prices of raw materials, primarily petroleum-based materials, foreign exchange fluctuations and stock market conditions.」

「The situation remains uncertain and difficult, with surging raw material and energy prices, procurement concerns arising from geopolitical risks including the protracted Russia-Ukraine issue, and yen depreciation all continuing for an extended period.」

「The situation remains uncertain and difficult, owing to continued geopolitical risks including the protracted Russia-Ukraine issue and Israel-Hamas conflict, surging raw material and energy prices, worsening procurement risks and the prolonged trend of yen depreciation.」

「During the current consolidated first quarter, social and economic activity was moving toward normalisation as the classification of COVID-19 was downgraded. However, various prices, including raw-material and energy prices, continued to rise as a result of the prolonged Russia-Ukraine conflict, and the outlook remained uncertain.」

「Soaring raw-material prices and procurement uncertainty resulting from the prolonged situation in Ukraine continued, and market conditions remained uncertain and difficult due to fluctuations in foreign exchange rates resulting from the monetary policies of various countries.」

「During the cumulative second quarter of the current consolidated fiscal period, the economy was recovering gradually as restrictions on activity related to COVID-19 were eased. However, the uncertain and difficult environment continued due to soaring raw-material prices and worsening procurement risks resulting from the situation in Ukraine, as well as rapid yen depreciation.」

「During the current consolidated first quarter, the Japanese economy showed signs of recovery due to infection-control measures and policy effects despite the prolonged impact of COVID-19. Nevertheless, the outlook remained uncertain amid soaring raw-material prices, a global shortage of components and the rapid depreciation of the yen.」

「The outlook for the economy became increasingly uncertain due to soaring raw-material, transportation and electricity costs, rapid yen depreciation, and geopolitical risks arising from Russia's invasion of Ukraine, among other factors.」

「The rapid resurgence of infections caused by the Omicron variant from year-end, soaring raw-material and transportation costs, and supply constraints continued, and market conditions remained uncertain.」

「During the cumulative second quarter of the current consolidated fiscal period, social and economic activity continued to be restricted, including through the reissuance of the state of emergency amid the resurgence of COVID-19 infections, and market conditions remained uncertain.」

「During the cumulative first quarter of the current consolidated fiscal period, social and economic activity remained difficult, including the reissuance of the state of emergency amid the resurgence of COVID-19 infections, and the outlook remained uncertain.」

「During the current consolidated fiscal year, the Japanese economy came under extremely severe conditions as the spread of COVID-19 significantly restricted social and economic activity. Although signs of recovery emerged in some industries as a result of the government's measures, a state of emergency was declared again amid the resurgence of infections toward year-end, and the outlook for the economy became increasingly uncertain as the timing of the end of the pandemic remained unforeseeable.」

「During the cumulative third quarter of the current consolidated fiscal period, the Japanese economy came under extremely severe conditions as the spread of COVID-19 significantly restricted social and economic activity. Although signs of recovery emerged in some industries as a result of the government's measures, the outlook for the economy became increasingly uncertain because the timing of the end of the pandemic remained unforeseeable amid the accelerating resurgence of infections toward year-end.」

「During the cumulative first quarter of the current consolidated fiscal period, the Japanese economy deteriorated sharply as the spread of COVID-19 severely constrained private consumption and corporate activity. After the state of emergency was lifted, expectations rose for a recovery in economic activity through various policies, but the outlook remained uncertain because the timing of the end of the COVID-19 pandemic could not be foreseen.」

「In addition to the effects of successive typhoons and torrential rains and sluggish private consumption resulting from the consumption tax increase, economic activity was constrained by the global spread of COVID-19 from 2020, and the difficult business environment continued.」

「During the cumulative third quarter of the current consolidated fiscal period, the Japanese economy continued to recover gradually as employment and income conditions improved. However, the business environment remained difficult amid the effects of successive typhoons and torrential rains, sluggish private consumption resulting from the consumption tax increase, higher logistics costs and intensifying trade friction between the United States and China.」

「The outlook remained uncertain amid sluggish private consumption and higher logistics costs, as well as intensifying trade friction between the United States and China and heightened geopolitical risks in the Middle East.」

「The difficult business environment continued, as consumers remained strongly inclined to economise partly because of the consumption tax increase scheduled for October, while raw-material prices and transportation costs rose.」

「The business environment remained difficult amid the prolonged US-China trade dispute, supply uncertainties and soaring prices for various raw materials resulting from tighter environmental regulations in China, and higher transportation costs.」

「The business environment remained difficult amid concerns about soaring prices caused by supply uncertainties for various raw materials due to China's environmental regulations, higher transportation costs resulting from reforms to working practices in the transport industry, sluggish private consumption caused by a succession of natural disasters, and expanding trade friction between the United States and China.」

「However, the difficult environment continued amid higher raw-material and transportation costs resulting from rising crude oil prices, record heat and a succession of natural disasters, as well as heightened risks of trade friction overseas, particularly between the United States and China.」

「However, private consumption lacked strength, while the difficult environment continued due to higher raw-material prices and logistics costs.」

「During the cumulative third quarter of the current consolidated fiscal period, the Japanese economy was on a gradual recovery trend against the backdrop of the government's economic policies. However, the outlook remained uncertain due to sluggish private consumption amid concerns about rising prices and heightened geopolitical risks.」

「During the cumulative second quarter of the current consolidated fiscal period, the Japanese economy remained on a gradual recovery path, supported by the continued economic measures of the government and the Bank of Japan. However, the outlook remained uncertain due to heightened geopolitical risks and concerns about a slowdown in emerging-market economies.」

「During the cumulative first quarter of the current consolidated fiscal period, the Japanese economy was on a gradual recovery path against the backdrop of the government's economic policies, but remained in an uncertain environment due to natural disasters and heightened geopolitical risks.」

「Private consumption and private-sector capital investment lacked strength, and the outlook for the economy remained uncertain due to the slowdown in emerging-market economies and the policy direction of the new US administration.」

「During the cumulative third quarter of the current consolidated fiscal period, the Japanese economy remained on a gradual recovery path, supported by the continuation of the government's economic measures. However, private-sector capital investment and private consumption had yet to emerge from stagnation, and the outlook for the economy remained uncertain due to the slowdown in emerging-market economies and sharp short-term fluctuations in foreign exchange rates and stock prices following the US presidential election.」

「During the cumulative second quarter of the current consolidated fiscal period, the Japanese economy remained on a gradual recovery path, supported by the continuation of the government's economic measures. However, amid concerns about a slowdown in emerging-market economies and the impact of foreign exchange fluctuations, capital investment and private consumption remained stagnant and lacked strength, and the outlook continued to be uncertain.」

「Capital investment and private consumption remained lacklustre, while uncertainty persisted over the outlook, including concerns about the impact of the UK's decision to leave the EU.」

「The Group's business performance may be affected by trends in capital investment and private consumption, the implementation of traffic safety measures by the government and local authorities, prices of raw materials, primarily petroleum-based materials, foreign exchange fluctuations and stock market conditions.」