Uncertainty over the outlook due to a slowdown in the global economy, the UK's withdrawal from the EU and other factors
First written in FY2017-Q1. 14 of 32 entries say "Restated". Latest entry: 2026-08-07.
Fumakilla Limited moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 146 of 179 companies on the "Worse" side.
60 other companies' latest entry also says "Restated".
- 2026-08-07RestatedResults
「海外経済も、欧米の金融政策や中国の景気減速懸念、地政学リスク、為替・資源価格変動の影響を受け、依然として先行き不透明な状況で推移しました。」
中国景気、地政学リスク、為替・資源価格変動による先行き不透明感を再確認している。 - FY2026RestatedAnnual report
「The global economy continued to face an uncertain outlook amid concerns over an economic slowdown due to intensifying trade-friction discussions between the United States and China and monetary tightening.」
Concerns over an economic slowdown and uncertainty in the outlook due to trade friction between the United States and China and monetary tightening have been reaffirmed. - 2026-05-14WorsenedResults
「世界経済は、米国の関税政策に伴う通商緊張や中国の内需低迷が下押し圧力となったものの、欧州では物価鎮静化により景気が緩やかに回復するなど、先行き不透明な状況が続きました。」
米国の関税政策に伴う通商緊張と中国の内需低迷が、新たな先行き不透明要因として記載された。 - FY2026-H1RestatedAnnual report
「In the global economy, the US economy remained firm, but the outlook continued to be uncertain due to the delayed recovery of the Chinese economy and rising geopolitical risks in various regions.」
While referring to the resilience of the US economy, the company has reaffirmed uncertainty in the outlook due to the delayed recovery of the Chinese economy and geopolitical risks in various regions. - FY2024RestatedAnnual report
「During the current consolidated fiscal year (1 April 2023 to 31 March 2024), Japan's economy remained on a recovery trend in the post-pandemic environment, but the outlook continued to be uncertain due to sharp exchange-rate fluctuations and prolonged instability in the international situation.」
While the economy was recovering, uncertainty in the outlook due to sharp exchange-rate fluctuations and the international situation has been reaffirmed. - FY2024-Q3WorsenedAnnual report
「During the third quarter of the current consolidated cumulative period (1 April 2023 to 31 December 2023), Japan's economy remained on a recovery trend in the post-pandemic environment, but the outlook continued to be uncertain due to rising prices against the backdrop of the weaker yen, the prolonged situation in Ukraine, and heightened tensions in the Middle East.」
In addition to the weaker yen, rising prices, and the situation in Ukraine, heightened tensions in the Middle East have been identified as a factor contributing to an uncertain outlook. - FY2024-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period (1 April 2023 to 30 September 2023), Japan's economy remained on a recovery trend in the post-pandemic environment, but the outlook continued to be uncertain due to the prolonged situation in Ukraine and the effects of the weaker yen and rising prices.」
While referring to the recovery trend in economic activity, the company has reaffirmed uncertainty in the outlook caused by the prolonged situation in Ukraine, the weaker yen, and rising prices. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period (1 April 2023 to 30 June 2023), Japan's economy was on a gradual recovery trend as activity normalized in the post-pandemic environment. However, the outlook remained uncertain due to the prolonged situation in Ukraine and soaring energy and raw-material costs and prices.」
While referring to the normalization of economic activity and the recovery trend, the company has reaffirmed uncertainty in the outlook caused by the prolonged situation in Ukraine and soaring energy and raw-material costs and prices. - FY2023WorsenedAnnual report
「During the current consolidated fiscal year (1 April 2022 to 31 March 2023), Japan's economy showed signs of recovery as activity restrictions related to COVID-19 were eased and expectations for recovery grew in the post-pandemic environment. However, the economic outlook remained uncertain due to the prolonged situation in Ukraine and persistently high raw-material prices caused by elevated energy prices.」
While expectations for a recovery following the easing of activity restrictions remain, the prolonged situation in Ukraine, higher energy prices, and persistently high raw-material prices continue to contribute to uncertainty. - FY2023-Q3WorsenedAnnual report
「During the third quarter of the current consolidated cumulative period (1 April 2022 to 31 December 2022), Japan's economy showed signs of recovering economic activity as restrictions related to COVID-19 were eased and expectations for recovery grew in the post-pandemic environment. However, the economic outlook remained uncertain due to China's lockdowns, the prolonged situation in Ukraine, and accelerating global inflation.」
While noting expectations for a recovery following the easing of activity restrictions, the company identifies China's lockdowns, the prolonged situation in Ukraine, and accelerating global inflation as factors contributing to an uncertain outlook. - FY2023-Q2WorsenedAnnual report
「During the second quarter of the current consolidated cumulative period (1 April 2022 to 30 September 2022), Japan's economy continued to face an uncertain outlook due to rising energy and raw-material prices resulting from Russia's invasion of Ukraine and higher prices accompanying the sharp depreciation of the yen, despite the avoidance of activity restrictions due to a resurgence of COVID-19. The global economy also continued to face an uncertain outlook due to surging resource and raw-material prices caused by China's lockdowns and the situation in Ukraine, as well as sharp exchange-rate fluctuations accompanying global monetary tightening.」
In addition to existing pandemic and geopolitical risks, soaring raw-material prices, the sharp depreciation of the yen, China's lockdowns, and global monetary tightening have been identified as factors contributing to an uncertain outlook. - FY2023-Q1WorsenedAnnual report
「However, the global economy continued to face an uncertain outlook due to activity restrictions caused by the resurgence of infections in China and the prolonged Russian invasion of Ukraine, among other factors.」
In addition to existing pandemic and geopolitical risks, restrictions on activity caused by the resurgence of infections in China and the prolonged Russian invasion of Ukraine have been identified as factors contributing to uncertainty in the external environment. - FY2022WorsenedAnnual report
「Infections spread rapidly again due to the Omicron variant, and the number of cases remained high. Although signs of an economic recovery emerged, partly due to the wider availability of vaccines, the outlook remained uncertain amid surging raw-material prices caused by higher crude oil prices, the lack of a clear end to the situation in Ukraine, and concerns over the spread of COVID-19, including in China.」
The rapid spread of the Omicron variant, higher crude oil prices, and concerns over the spread of infections in Ukraine and China have added to uncertainty in the external environment. - FY2022-Q3WorsenedAnnual report
「During the third quarter of the current consolidated cumulative period (1 April 2021 to 31 December 2021), Japan's economy showed signs of a resumption of economic activity as the number of COVID-19 cases declined. However, infections began spreading again due to the Omicron variant that emerged at the end of the year, and the timing of an end to the pandemic remained unforeseeable, leaving the outlook uncertain. The global economy also continued to face an uncertain outlook amid signs of a resurgence in infections.」
The company describes a resurgence of infections caused by the Omicron variant even after the number of cases declined, with an uncertain external environment continuing. - FY2022-Q1WorsenedAnnual report
「During the first quarter of the current consolidated cumulative period (1 April 2021 to 30 June 2021), Japan's economy remained in a severe condition, as the effects of COVID-19 showed no sign of abating. Although some regions of the global economy improved as vaccines became more widely available, infections continued to spread due to variant strains in other regions, and the outlook remained uncertain.」
The company describes an uncertain external environment, citing the continuing effects of COVID-19 and the spread of infections caused by variant strains in some regions. - FY2021ReframedAnnual report
「Although some regions where vaccinations are progressing showed signs of recovery as economic activity resumed, the global economy continued to face an uncertain outlook.」
While continuing to describe the uncertainty caused by COVID-19, the company has also added signs of recovery from vaccinations and the resumption of economic activity in some regions. - FY2021-Q3WorsenedAnnual report
「Japan's economy experienced a substantial decline in consumption due to the spread of COVID-19. Although signs of recovery were seen temporarily as economic activity gradually resumed, conditions remained severe, with a new state of emergency being declared again as infections resurged. The global economy also continued to face an uncertain outlook, as the resurgence of infections, particularly in Europe and the United States, became more serious.」
The discussion of COVID-19 covers the resurgence of infections, another state of emergency, and the worsening resurgence of infections in Europe and the United States, indicating increased uncertainty in the external environment. - FY2021-Q2WorsenedAnnual report
「The global economy continued to face an uncertain outlook, with second and third waves of infections occurring in various regions.」
In addition to the existing uncertainty caused by COVID-19, the situation involving second and third waves of infections has been identified as an external-environment risk. - FY2020WorsenedAnnual report
「The global economy remained in an uncertain environment due to uncertainty over trade issues, including trade friction between the United States and China, as well as the effects of the global spread of COVID-19.」
In addition to the uncertainty caused by existing trade issues and trade friction, the global spread of COVID-19 has been added as an external-environment risk. - FY2020-Q3RestatedAnnual report
「Meanwhile, the global economy continued to face downside risks amid concerns over the prolonged trade friction between the United States and China, among other factors.」
Downside risks to the global economy due to the prolonged trade friction between the United States and China, among other factors, have been reaffirmed. - FY2020-Q2RestatedAnnual report
「Meanwhile, the outlook for the global economy remained uncertain due to trade friction between the United States and China and concerns over an economic slowdown in China.」
Uncertainty in the external environment due to trade friction between the United States and China and concerns over an economic slowdown in China has been reaffirmed. - FY2020-Q1ReframedAnnual report
「Meanwhile, the outlook for the global economy remained uncertain due to trade friction between the United States and China and concerns over an economic slowdown in China.」
The discussion of uncertainty in the external environment focuses on trade friction between the United States and China and concerns over an economic slowdown in China. - FY2019ReframedAnnual report
「The global economy remained in an uncertain environment due to uncertainty over trade issues, including trade friction between the United States and China.」
The description has shifted from references to geopolitical risks and US protectionism to external-environment risks centered on uncertainty over trade issues, including trade friction between the United States and China. - FY2019-Q3RestatedAnnual report
「Meanwhile, the global economy continued to face downside risks amid concerns over expanding trade friction in response to the protectionist policies of the United States.」
Downside risks from US protectionist policies and expanding trade friction have been reaffirmed. - FY2019-Q2RestatedAnnual report
「Meanwhile, the global economy continued to face downside risks amid concerns over expanding trade friction in response to the protectionist policies of the United States.」
Downside risks from US protectionist policies and expanding trade friction have been reaffirmed. - FY2019-Q1ReframedAnnual report
「Meanwhile, the global economy remained firm, helped in part by solid performance in the US economy, but conditions continued to include downside risks, as countries took countermeasures against the protectionist policies of the United States.」
The focus of the external-environment discussion has shifted from geopolitical risks to downside risks arising from US protectionist policies and countermeasures by other countries. - FY2018-Q3RestatedAnnual report
「Meanwhile, although the global economy generally showed signs of recovery, the outlook remained uncertain due in part to rising geopolitical risks.」
The company continues to describe the recovery trend in the global economy while maintaining its discussion of uncertainty in the outlook due to geopolitical risks. - FY2018-Q2RestatedAnnual report
「Meanwhile, although the global economy generally showed signs of recovery, the outlook remained uncertain due in part to rising geopolitical risks.」
The company continues to describe the recovery trend in the global economy while maintaining its discussion of uncertainty in the outlook due to geopolitical risks. - FY2018-Q1ReframedAnnual report
「Meanwhile, concerns over political conditions overseas and rising geopolitical risks have left the outlook uncertain.」
The description has shifted from references to the global economic slowdown and the UK's withdrawal from the EU to uncertainty centered on overseas political conditions and geopolitical risks. - FY2017-Q3RestatedAnnual report
「Against this backdrop, under the corporate philosophy, "Protecting people's lives. Protecting people's livelihoods. Protecting the environment that nurtures people. We will contribute to building a society where people around the world can live safely and comfortably for many years to come," the Group actively launched new products that create new value in the growth categories of its core businesses—insecticides, household products and gardening products—and worked to strengthen and develop its existing businesses, while addressing such challenges as reforming the earnings structure through cost reductions and more efficient expense management, and strengthening and expanding its overseas businesses.」
The company has reiterated its explanation that it is addressing its existing business challenges amid an external environment that includes uncertainty in the global economy. - FY2017-Q2RestatedAnnual report
「In the global economy, in addition to concerns over an economic slowdown in China and other emerging economies, the UK's withdrawal from the EU and unstable movements in financial markets have left the outlook uncertain.」
Concerns over a global economic slowdown, the UK's withdrawal from the EU, and financial-market instability have been reiterated as external-environment risks. - FY2017-Q1First statedAnnual report
「In addition to concerns over an economic slowdown in China, Europe and other parts of the world, the UK's withdrawal from the EU and unstable movements in financial markets have left the outlook uncertain.」
Concerns over a global economic slowdown, the UK's withdrawal from the EU, and instability in financial markets have newly been identified as external-environment risks.