Surging Energy and Food Prices and Concerns About a Global Recession
First written in FY2023-Q1. 5 of 9 entries say "Reframed", first in FY2023-Q2. Latest entry: FY2026-H1.
Elements moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 25 of 36 companies on the "Worse" side.
13 other companies' latest entry also says "Reframed".
- FY2026-H1ReframedAnnual report
「Meanwhile, the outlook for the economy remains uncertain due to geopolitical risks and developments in domestic and international financial conditions.」
The external factors contributing to uncertainty now explicitly include geopolitical risks and domestic and international financial conditions, in addition to the previously cited resource prices, inflation and the Chinese economy. - FY2025-H1RestatedAnnual report
「Nevertheless, uncertainty persists, including regarding surging resource prices and inflation, the effects of monetary tightening in Europe and the United States, and the outlook for the Chinese economy.」
The uncertainty in the external environment relating to resource prices and inflation, monetary tightening in Europe and the United States, and the outlook for the Chinese economy has been reiterated. - FY2024ReframedAnnual report
「Nevertheless, uncertainty persists, including regarding inflation resulting from the weaker yen, the effects of monetary tightening in Europe and the United States, and the outlook for the Chinese economy.」
The uncertainty in the external environment explicitly includes the effects of the weaker yen, in addition to resource prices, inflation and monetary tightening. - FY2024-Q2RestatedAnnual report
「Nevertheless, uncertainty persists, including regarding surging resource prices and inflation, the effects of monetary tightening in Europe and the United States, and the outlook for the Chinese economy.」
Uncertainty in the external environment relating to resource prices, inflation, monetary tightening in Europe and the United States, and the Chinese economy is described in the same terms as in the previous fiscal year and the previous quarter. - FY2024-Q1RestatedAnnual report
「Nevertheless, uncertainty persists, including regarding surging resource prices and inflation, the effects of monetary tightening in Europe and the United States, and the outlook for the Chinese economy.」
Uncertainty in the external environment relating to resource prices, inflation, monetary tightening and the Chinese economy is described in the same terms as in the previous fiscal year. - FY2023ReframedAnnual report
「Uncertainty persists, including regarding surging resource prices and inflation, the effects of monetary tightening in Europe and the United States, and the outlook for the Chinese economy.」
The external concerns have expanded to include the outlook for the Chinese economy, in addition to raw material prices, inflation and monetary tightening. - FY2023-Q3ReframedAnnual report
「The outlook remains uncertain due to concerns over surging raw material prices and the resulting inflation, as well as an economic downturn caused by global monetary tightening.」
The external concerns have shifted from the previous quarter's references to surging energy and food prices and monetary tightening in Europe and the United States to surging raw material prices, inflation and an economic downturn caused by global monetary tightening. - FY2023-Q2ReframedAnnual report
「Nevertheless, conditions remain such that continued attention should be paid to the effects of surging prices for various materials and fluctuations in foreign exchange markets.」
The external concerns have shifted from the previous quarter's references to surging energy and food prices, monetary tightening and recession concerns to surging prices for various materials and foreign exchange market volatility. - FY2023-Q1First statedAnnual report
「The environment surrounding Japan's economy is becoming increasingly challenging, amid concerns over a global economic slowdown resulting from surging global energy and food prices and monetary tightening in Europe and the United States.」
The analysis of operating results explicitly identifies, for the first time, the deterioration in the economic environment caused by surging prices and monetary tightening as an external factor. Meanwhile, the business and other risks section states that there have been no material changes.