Uncertainty over the Outlook Due to Geopolitical Risks and Financial and Capital Market Volatility
First written in FY2018-Q2. 12 of 18 entries say "Worsened", first in FY2019. Latest entry: FY2026-H1.
Tose moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
76 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「Concerns over US trade policy and the unstable international situation have increased further, and the outlook requires continued close monitoring.」
It states that concerns over US trade policy and the unstable international situation have increased further. - FY2025-H1WorsenedAnnual report
「Uncertainty over the outlook is high due to changes in US trade policy and the continued geopolitical instability, and continued close monitoring is required.」
It identifies changes in US trade policy and geopolitical instability as factors contributing to uncertainty over the outlook. - FY2024RestatedAnnual report
「Uncertainty over the outlook is high because US interest-rate hikes and the slowdown in China's economy are having a significant impact on Japan's economy, and continued close monitoring is required.」
It continues to warn of uncertainty over the outlook due to US interest-rate hikes, China's economic slowdown, yen depreciation, inflation and other factors. - FY2024-Q2WorsenedAnnual report
「Meanwhile, the impact of continued global monetary tightening and the situation in the Middle East requires continued close monitoring.」
In addition to the previous concern over global monetary tightening, it identifies the impact of the situation in the Middle East as a factor contributing to an uncertain outlook. - FY2023WorsenedAnnual report
「Meanwhile, continued global monetary tightening, concerns over China's economic outlook and the prolonged situation in Ukraine require continued close monitoring as risks.」
It identifies monetary tightening, concerns over China's economic outlook and the prolonged situation in Ukraine as new external risk factors. - FY2023-Q2WorsenedAnnual report
「Meanwhile, inflation has become pronounced due to the prolonged surge in resource prices, and the outlook requires close monitoring.」
It identifies the prolonged surge in resource prices and resulting pronounced inflation as factors contributing to an uncertain outlook. - FY2022-Q3WorsenedAnnual report
「During the nine months ended 31 December, priority preventive measures against COVID-19 were lifted and economic and social activity began to normalize. However, constraints on international logistics and rising raw material prices continued against a backdrop of renewed infections in China and the prolonged situation in Ukraine, leaving the outlook difficult to predict.」
It explains that constraints on international logistics and rising raw material prices have continued against a backdrop of renewed infections in China and the prolonged situation in Ukraine, broadening the external factors contributing to uncertainty and their impact. - FY2022-Q2WorsenedAnnual report
「During the six months ended 30 September, the economy, which had been expected to recover, stalled as priority preventive measures were imposed in Japan against the spread of the Omicron variant of COVID-19 and tensions in the international situation rose following Russia's invasion of Ukraine.」
In addition to the spread of the Omicron variant and priority preventive measures in Japan, it identifies heightened international tensions caused by Russia's invasion of Ukraine as new factors contributing to an uncertain outlook. - FY2021RestatedAnnual report
「During the consolidated fiscal year, COVID-19 spread again, and the economic outlook remained uncertain amid repeated declarations of a state of emergency and the implementation of priority preventive measures in areas where infections were spreading.」
The renewed spread of COVID-19 and the uncertain economic outlook continued throughout the fiscal year. - FY2021-Q3WorsenedAnnual report
「During the nine months ended 31 December, COVID-19 spread again, and the economic outlook remained uncertain.」
The economic outlook has remained uncertain due to the renewed spread of COVID-19. - FY2021-Q2WorsenedAnnual report
「During the six months ended 30 September, COVID-19 spread again, and the economic outlook remained uncertain.」
The economic outlook has remained uncertain following the renewed spread of COVID-19. - FY2020WorsenedAnnual report
「Although the economy initially remained on a path to moderate recovery against a backdrop of improving employment and income conditions, economic activity stagnated and contracted as COVID-19 spread globally, causing the economy to deteriorate rapidly. As concerns arose over a further downturn, the economy remained subject to an uncertain outlook.」
The stagnation and contraction of economic activity caused by COVID-19 and the rapid deterioration of the economy became specific factors contributing to an uncertain outlook. - FY2020-Q3RestatedAnnual report
「Although COVID-19 has not had a significant impact on business performance at present, it could affect the Group's operating results and financial position if the spread of infection fails to subside and the resulting stagnation of domestic and overseas economies due to requests to refrain from going out and other measures continues for an extended period.」
It states that COVID-19 has not had a significant impact on business performance at present, while continuing to describe the possibility of an impact if the spread of infection and economic stagnation caused by requests to refrain from going out become prolonged. - FY2020-Q2WorsenedAnnual report
「Japan's economy during the six months ended 30 September remained in a difficult situation due to the impact of COVID-19, with the outlook remaining uncertain as the pandemic further depressed domestic and overseas economies.」
It added severe factors contributing to an uncertain outlook, including the possibility that COVID-19 could further depress domestic and overseas economies. - FY2019WorsenedAnnual report
「Japan's economy during the consolidated fiscal year continued to show signs of a moderate recovery against a backdrop of improving employment and income conditions. However, it remained subject to an uncertain outlook due to intensifying US-China trade friction and the impact of the UK's departure from the EU on the global economy.」
Intensifying US-China trade friction and the UK's departure from the EU were added as factors contributing to an uncertain outlook. - FY2019-Q2RestatedAnnual report
「Japan's economy during the six months ended 30 September showed signs of a moderate recovery against a backdrop of improving employment and income conditions. However, it remained subject to an uncertain outlook due to the impact of developments in US-China trade friction on the global economy and the slowdown in China's economy.」
It continues to identify the impact of US-China trade friction on the global economy and the slowdown in China's economy as factors contributing to an uncertain outlook. - FY2018RestatedAnnual report
「Japan's economy during the consolidated fiscal year showed signs of a moderate recovery against a backdrop of improving corporate earnings and employment conditions. However, it remained subject to an uncertain outlook due to developments in trade issues, the effects of volatility in financial and capital markets, and uncertainty surrounding economic trends and policies in Asian countries, including China.」
In addition to geopolitical and financial and capital market uncertainty, it identifies trade issues and economic and policy trends in Asian countries, including China, as factors contributing to an uncertain outlook. - FY2018-Q2First statedAnnual report
「However, the outlook remains uncertain due to factors including heightened geopolitical risks and the effects of volatility in financial and capital markets.」
It newly identifies heightened geopolitical risks and financial and capital market volatility as factors contributing to uncertainty in the business environment.