Uncertainty Surrounding Domestic Business Sentiment and the Global Economic Outlook
First written in FY2017-Q1. 18 of 35 entries say "Worsened", first in FY2017. Latest entry: 2026-10-27.
Obic Business Consultants moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 101 of 178 companies on the "Worse" side.
66 other companies' latest entry also says "Worsened".
- 2026-10-27WorsenedEarnings
「一方で、中東情勢の緊迫化や自然災害の影響に加え、金融市場の変動や物価上昇が継続しており、先行き不透明な状況が続いております。」
先行き不透明要因として、中東情勢、自然災害、金融市場の変動、物価上昇を挙げている。 - FY2026WorsenedAnnual report
「During the fiscal year under review, Japan's economy continued on a moderate recovery trend, supported by improvements in employment and income conditions and a recovery in corporate capital expenditure. At the same time, the outlook remained uncertain due to the impact of US trade policies, price trends and financial market volatility associated with the escalating situation in the Middle East that emerged at the end of the fiscal year.」
While indicating a recovery trend in the domestic economy, it cites US trade policies, price trends and financial market volatility associated with the escalating situation in the Middle East as new sources of uncertainty. - FY2026-H1WorsenedAnnual report
「During the interim accounting period under review, Japan's economy showed a moderate recovery, supported by increases in capital expenditure and exports amid the continuing impact of the US administration's additional tariff policies and uncertainty in overseas economies. At the same time, consumer prices continued to rise, and consumer sentiment remained cautious, leaving the outlook uncertain.」
While indicating a moderate recovery driven by capital expenditure and exports, it cites US additional tariff policies, uncertainty in overseas economies, rising prices and cautious consumer sentiment as new sources of uncertainty. - FY2025-H1Domestic recovery coexists with costs, labour shortages and uncertainty in the global economyAnnual report
「During the interim accounting period under review, Japan's economy continued to recover moderately, with improvements in employment and income conditions and persistently strong corporate capital expenditure appetite. At the same time, costs, labour shortages and other challenges continued to have an impact. The global economy was affected by political instability, monetary tightening, the weaker yen and rising prices, among other factors, and overall conditions remained uncertain.」
While indicating a moderate recovery in the domestic economy and strong capital expenditure appetite, it also highlights uncertainty stemming from costs, labour shortages, political instability, monetary tightening, the weaker yen and rising prices. - FY2024Revitalised socioeconomic activity coexists with uncertainty stemming from external factorsAnnual report
「Inbound demand exceeding pre-pandemic levels and a moderate recovery in domestic demand were evident, while the Nikkei Stock Average reached a record high, among other developments, clearly demonstrating the revitalisation of socioeconomic activity. At the same time, geopolitical uncertainty, the yen's weakening trend and rising prices continued, and the outlook for the economy remained uncertain.」
While indicating a recovery in socioeconomic activity, domestic demand and inbound demand, it continues to cite an uncertain outlook due to geopolitical conditions, the weaker yen and higher prices. - FY2024-Q3The recovery trend continues, alongside uncertainty over external factorsAnnual report
「During the cumulative third quarter under review, socioeconomic activity became more vigorous, including inbound demand exceeding pre-pandemic levels and a moderate recovery in domestic demand. At the same time, geopolitical uncertainty, the yen's weakening trend and rising prices continued, and the outlook for the economy remained uncertain.」
While indicating inbound demand above pre-pandemic levels and a moderate recovery in domestic demand, it continues to cite an uncertain outlook due to geopolitical uncertainty, the weaker yen and higher prices. - FY2024-Q2Domestic demand and inbound tourism recovery coexist with uncertainty over external factorsAnnual report
「During the cumulative second quarter under review, Japan's economy showed signs of a return to normal socioeconomic activity, including a moderate recovery in domestic demand and inbound demand. At the same time, geopolitical uncertainty, the continuing depreciation of the yen and rising prices persisted, and the outlook for the economy remained uncertain.」
While indicating a moderate recovery in domestic demand and inbound demand, it also highlights an uncertain outlook due to geopolitical uncertainty, the weaker yen and higher prices. - FY2024-Q1Expectations for a recovery coexist with uncertainty stemming from financial and foreign exchange factorsAnnual report
「The legal classification of COVID-19 was lowered to Class 5, and socioeconomic activity gradually began to pick up. The government's monthly economic report used the phrase "moderate recovery" for the first time in 3 years. Meanwhile, the outlook remained uncertain due to the impact of interest rate hikes aimed at curbing inflation overseas, the continuing depreciation of the yen, and concerns about the financial system triggered by the failure of a US bank.」
While indicating expectations for a moderate recovery driven by the reclassification of COVID-19 as a Class 5 disease and the revitalisation of socioeconomic activity, it also highlights uncertainty due to overseas rate hikes, the weaker yen and financial system concerns. - FY2023Outlook for recovery in the post-pandemic economyAnnual report
「Japan’s economy is expected to gradually recover as domestic restrictions are increasingly eased toward a post-pandemic environment, despite the impact of globally soaring raw material and consumer prices.」
The Company expects the economy to gradually recover through the easing of restrictions toward a post-pandemic environment, while the impact of high raw material and consumer prices remains. - FY2023-Q3WorsenedAnnual report
「During the cumulative third quarter period, expectations for a recovery in economic activity with a post-pandemic outlook emerged as restrictions were eased, but the outlook remained uncertain due to factors including the eighth wave of novel coronavirus infections, globally soaring raw material and consumer prices, and the impact of yen depreciation.」
While expectations for recovery from the easing of restrictions remain, the Company explicitly identifies the eighth wave of novel coronavirus infections, globally soaring raw material and consumer prices, and yen depreciation as sources of uncertainty, indicating a widening range of external-environment risks. - FY2023-Q2Recovery expectations coexist with uncertainty from external factorsAnnual report
「During the cumulative second quarter period, Japan’s economy was expected to recover as economic activity benefited from positive factors such as improvement in infection conditions and the easing of restrictions. However, the outlook remained uncertain due to soaring global raw material prices, the Russia-Ukraine situation and, domestically, yen depreciation.」
While expressing expectations for an economic recovery from improved infection conditions and the easing of restrictions, the Company states that uncertainty over the outlook persists due to soaring raw material prices, the Russia-Ukraine situation and yen depreciation. - FY2023-Q1WorsenedAnnual report
「However, uncertainty over the outlook has intensified further due to soaring raw material prices, the Russia-Ukraine situation and, domestically, rapid yen depreciation.」
While the impact of the novel coronavirus pandemic continued, soaring raw material prices, the Russia-Ukraine situation and rapid yen depreciation emerged as new sources of uncertainty, intensifying uncertainty over the outlook. - FY2022WorsenedAnnual report
「Japan’s economy is expected to remain uncertain, with sluggish corporate earnings, economic sentiment and personal consumption continuing amid the global impact of the novel coronavirus, soaring global crude oil prices, the Russia-Ukraine situation, rising resource prices due to supply chain disruptions and stagnation in the global economy.」
In addition to the existing impact of the pandemic, the Company cites soaring crude oil prices, the Russia-Ukraine situation, supply chain disruptions and rising resource prices as new sources of uncertainty. - FY2022-Q3Coexistence of expectations for a recovery and concerns over infections re-emergingAnnual report
「As vaccinations against the novel coronavirus progressed and restrictions were eased, some expected economic activity to recover with a post-pandemic outlook. However, concerns over a renewed spread of infections have emerged, and the outlook remains uncertain.」
While expressing expectations for economic recovery through vaccinations and the easing of restrictions, the Company continues to view the outlook as uncertain due to concerns over a renewed spread of infections. - FY2022-Q2Economic activity shows signs of recovery, but economic sentiment has yet to recoverAnnual report
「Although difficult conditions continued, with economic activity constrained, signs of recovery emerged as infection-control measures were implemented and vaccinations progressed. Some overseas regions also began easing restrictions, raising expectations for the normalization of economic activity, but economic sentiment has not recovered because the future course of the pandemic remains uncertain.」
While restrictions on economic activity due to the novel coronavirus continued, the Company also indicated signs of recovery resulting from infection-control measures, vaccinations and the easing of restrictions. However, it stated that economic sentiment had not recovered due to uncertainty over the course of the pandemic. - FY2021WorsenedAnnual report
「Japan’s economy is expected to remain uncertain, with the global impact of the novel coronavirus continuing to prolong weakness in corporate earnings, economic sentiment and personal consumption.」
The Company expects the novel coronavirus pandemic to prolong weakness in corporate earnings, economic sentiment and personal consumption, continuing to emphasize uncertainty in the economic environment. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter period, Japan’s economy remained in difficult conditions as economic activity continued to be significantly restricted by the spread of the novel coronavirus, while deterioration in corporate earnings and economic sentiment and weak personal consumption persisted. The spread of infections also continued, leaving the outlook uncertain.」
The spread of the novel coronavirus significantly restricted economic activity, while deterioration in corporate earnings and economic sentiment and prolonged weakness in personal consumption continued, indicating that the economic environment remained difficult and uncertain. - FY2021-Q2WorsenedAnnual report
「During the cumulative second quarter period, Japan’s economy remained uncertain as the impact of the novel coronavirus pandemic continued, with concerns over a renewed global spread unresolved. Corporate activities were significantly affected, with companies taking a cautious view of earnings forecasts and revising or curbing investment plans.」
The Company explicitly identifies the prolonged impact of the novel coronavirus pandemic and concerns over a renewed global spread, as well as the impact of companies revising or curbing investment plans, indicating that uncertainty in the economic environment and its impact on business have widened. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter period, Japan’s economy slowed sharply due to the global spread of the novel coronavirus, affecting economic conditions across many industries.」
The Company states that the domestic economy slowed sharply due to the spread of the novel coronavirus, affecting economic conditions across many industries. - FY2020WorsenedAnnual report
「The global spread of the novel coronavirus has adversely affected a wide range of corporate activities, and economic conditions are expected to remain uncertain.」
In addition to uncertainty from the existing trade friction, the slowdown in overseas economies and the consumption tax increase, the Company identifies the global spread of the novel coronavirus as a new source of uncertainty. - FY2020-Q3WorsenedAnnual report
「During the cumulative third quarter period, Japan’s economy continued to face many destabilizing factors, including the slowdown in the global economy, political conditions and changes in consumer sentiment following the consumption tax increase, leaving the economic outlook uncertain.」
The Company cites the slowdown in the global economy, political conditions and changes in consumer sentiment following the consumption tax increase as destabilizing factors, continuing to signal uncertainty over the external economic environment. - FY2020-Q2WorsenedAnnual report
「During the cumulative second quarter period, Japan’s economy faced unstable factors in the business environment, including intensified US-China trade friction, a slowdown in overseas economies, chronic labor shortages domestically and reduced purchasing power resulting from the consumption tax increase. The economy is expected to remain lacking in strength, and the outlook remains uncertain.」
In addition to intensified US-China trade friction and yen appreciation, the Company cites the slowdown in overseas economies and reduced purchasing power resulting from the consumption tax increase as destabilizing factors, increasing uncertainty over the external economic environment. - FY2020-Q1WorsenedAnnual report
「During the cumulative first quarter period, Japan’s economy saw resilient personal consumption due to factors including the transition to the Reiwa era and special demand from the extended holiday period. However, economic conditions in Japan and overseas have become increasingly uncertain due to the worsening earnings environment caused by intensified US-China trade friction and a trend toward yen appreciation, as well as the impact of chronic labor shortages, requiring continued monitoring.」
The Company cites intensified US-China trade friction, the trend toward yen appreciation and chronic labor shortages as factors increasing uncertainty, and has adopted a more cautious view of the external economic environment. - FY2019WorsenedAnnual report
「Uncertainty surrounding the global economy, including trade issues between the United States and China, is increasing, and caution is required regarding the uncertain outlook.」
The Company explicitly identifies uncertainty in the global economy and a pause in the domestic economy, and has adopted a more cautious view of the external economic environment. - FY2019-Q3WorsenedAnnual report
「During the cumulative third quarter period, Japan’s economy faced increasing uncertainty due to US-China trade friction, a slowdown in the Chinese economy and stagnation in overseas conditions.」
The Company cites US-China trade friction, the slowdown in the Chinese economy and stagnation in overseas conditions as sources of uncertainty, explaining that uncertainty has increased. - FY2019-Q2WorsenedAnnual report
「During the cumulative second quarter period, Japan’s economy faced increasing uncertainty due to US-China trade friction and additional destabilizing factors, including strengthened tariffs between Japan and the United States.」
The Company cites US-China trade friction and strengthened tariffs between Japan and the United States as sources of uncertainty, explaining that uncertainty has increased. Labor shortages and the need to improve productivity also continue. - FY2019-Q1Concerns over continuing US-China trade friction and labor shortagesAnnual report
「During the cumulative first quarter period, concerns over factors including US-China trade friction increased. In Japan, exports, production and capital investment by companies continued to recover gradually, while labor shortages at companies persisted.」
The Company states that domestic exports, production and capital investment continued to recover gradually, while concerns over US-China trade friction increased and corporate labor shortages persisted. - FY2018RestatedAnnual report
「Although cautious views stemming from uncertainty over political and economic conditions in Japan and overseas remain firmly in place, corporate performance and capital investment have improved, and the economy is on a gradual recovery trend.」
The Company describes a gradual recovery in the domestic economy driven by improvements in corporate performance and capital investment, while uncertainty over political and economic conditions in Japan and overseas remains. - FY2018-Q3Gradual domestic recovery maintained amid overseas uncertaintyAnnual report
「During the cumulative third quarter period, Japan’s economy maintained a gradual recovery trend, with continued improvement in corporate performance and capital investment, although cautious views stemming from uncertainty over overseas political and economic conditions remained firmly in place.」
The Company states that the domestic economy maintained a gradual recovery trend through improvements in corporate performance and capital investment, while uncertainty over overseas political and economic conditions remains. - FY2018-Q2Corporate performance recovers, but personal consumption and political developments remain uncertainAnnual report
「During the cumulative second quarter period, Japan’s economy saw corporate performance trend toward recovery, but this did not lead to a recovery in personal consumption or higher prices. Concerns also remained over the impact of unstable political developments in Japan and overseas, leaving the outlook uncertain.」
While corporate performance is described as trending toward recovery, the Company continues to characterize the outlook as uncertain due to concerns over personal consumption, prices and political developments in Japan and overseas. - FY2018-Q1Domestic economy shows signs of recovery, while uncertainty over overseas political and national conditions persistsAnnual report
「During the cumulative first quarter period, Japan’s economy saw exports and production activity recover gradually, although uncertainty over overseas political and national conditions continued and required continued attention regarding their impact on the domestic economy. Domestically, employment and personal consumption showed signs of recovery despite companies’ continued sense of labor shortages.」
The Company states that uncertainty over overseas political and national conditions and the need for caution regarding the domestic economy continue, while exports, production activity, employment and personal consumption show signs of recovery. - FY2017WorsenedAnnual report
「Although economic conditions appear stagnant, the environment surrounding the information services industry continues to change, including through the use of big data and the development of AI and IoT. In particular, cloud computing is becoming commonplace.」
The description shifted from the domestic economy’s recovery trend through the previous year to economic conditions characterized as stagnant and uncertain, while also listing demographic structure, deflation and overseas political conditions among the sources of uncertainty. - FY2017-Q3Domestic economy gradually recovers, while caution over overseas political conditions continuesAnnual report
「During the cumulative third quarter period, Japan’s economy remained on a path of gradual recovery, with improvements in corporate performance and appetite for capital investment, although cautious views stemming from overseas political conditions remained firmly in place.」
The Company describes the domestic economy as being on a gradual recovery path, supported by improvements in corporate performance and appetite for capital investment, while cautious views regarding the impact of overseas political conditions remain. - FY2017-Q2Overseas turmoil subsides, while domestic uncertainty persistsAnnual report
「During the cumulative second quarter period, Japan’s economy saw financial market turmoil caused by political instability overseas subside, but domestic personal consumption showed no improvement. Corporate economic sentiment also remained uncertain amid a trend toward yen appreciation.」
While stating that turmoil in overseas financial markets had subsided, the Company indicated that weak domestic personal consumption, yen appreciation and uncertainty over corporate economic sentiment continued. - FY2017-Q1First statedAnnual report
「With no signs of recovery in domestic economic sentiment, including the decision to postpone a consumption tax rate increase, disruption to the global economy is expected to continue for the time being due to unstable political systems overseas, and the outlook remains uncertain.」
The Company describes delayed recovery in domestic economic sentiment, unstable political systems and the continued disruption of the global economy as the business environment for the quarter.