Volatility in stock prices and exchange rates and concerns over a downturn in overseas economies
First written in FY2017-Q2. 17 of 25 entries say "Restated". Latest entry: FY2026.
Mitani Sekisan moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 130 of 170 companies on the "Worse" side.
27 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「During the fiscal year under review, Japan’s economy showed signs of a gradual recovery due to improvements in employment and income conditions and the recovery in inbound demand, but uncertain conditions continue amid concerns over continuing inflation, geopolitical risks and the impact of US tariff policies.」
Revised the wording on uncertainties affecting overseas economies and the business environment to include US tariff policies, continuing inflation, geopolitical risks and the recovery in inbound demand. - FY2026-H1ReframedAnnual report
「During the interim consolidated accounting period under review, Japan’s economy showed signs of a gradual recovery due to improvements in employment and income conditions and the recovery in inbound demand, but uncertain conditions continue amid concerns over the impact of continuing inflation and US tariff policies.」
Revised the wording on uncertainties affecting overseas economies and the business environment from a focus on infectious diseases, geopolitical risks and yen depreciation to wording that includes US tariff policies, continuing inflation and the recovery in inbound demand. - FY2025-H1ReframedAnnual report
「During the interim consolidated accounting period under review, Japan’s economy showed signs of a gradual recovery as economic activity normalized, but uncertain conditions continue due to factors including downside risks to overseas economies, inflation, geopolitical risks and volatility in financial and capital markets.」
Revised the wording explaining uncertainty over the outlook to refer to more general risk factors: a downturn in overseas economies, inflation, geopolitical risks and volatility in financial and capital markets. - FY2024WorsenedAnnual report
「Although the business environment surrounding the Group is expected to remain on a gradual recovery track, concerns remain over the impact of factors including the prolonged situation in Ukraine, heightened geopolitical risks in the Middle East, prolonged yen depreciation and concerns over the outlook for the Chinese economy, and the outlook is expected to remain uncertain.」
Explicitly identified heightened geopolitical risks in the Middle East, prolonged yen depreciation and concerns over the outlook for the Chinese economy as specific factors of concern regarding overseas economies and geopolitical risks. - FY2024-Q3RestatedAnnual report
「Although moves toward normalizing economic activity were seen as restrictions to prevent the spread of COVID-19 were eased, including the disease’s reclassification to Category 5, the outlook remains uncertain due to factors including inflation caused by soaring resource prices resulting from the prolonged Russia-Ukraine situation.」
Reiterated uncertainty over the outlook due to overseas conditions, resource prices and inflation, while referring to moves toward normalizing economic activity. - FY2024-Q2RestatedAnnual report
「Although moves toward normalizing economic activity were seen as restrictions to prevent the spread of COVID-19 were eased, including the disease’s reclassification to Category 5, the outlook remains uncertain due to factors including inflation caused by soaring resource prices resulting from the prolonged Russia-Ukraine situation.」
Reiterated uncertainty over the outlook due to overseas conditions, resource prices and inflation, while referring to moves toward normalizing economic activity. - FY2024-Q1WorsenedAnnual report
「The outlook remains uncertain, including because of inflation caused by soaring resource prices resulting from the prolonged Russia-Ukraine situation.」
Explicitly identified the prolonged Russia-Ukraine situation and inflation caused by soaring resource prices as new specific factors underlying uncertainty over overseas conditions. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, Japan's economy showed signs of returning to normal economic activity as restrictions on activities were eased while the impact of COVID-19 continued for an extended period, but the outlook remained uncertain amid inflation caused by the weaker yen and soaring resource prices.」
Reiterated uncertainty over the outlook, including the prolonged pandemic, yen depreciation and inflation caused by soaring resource prices, while referring to moves toward normalizing economic activity. - FY2023-Q2WorsenedAnnual report
「During the first 6 months of the fiscal year under review, Japan’s economy showed signs of normalization in economic activity as COVID-19 temporarily subsided, but the outlook remains uncertain due to a renewed spread of infections caused by new variants, rapid yen depreciation and resulting increases in raw-material and energy prices.」
Explicitly identified the renewed spread of infections caused by new variants, rapid yen depreciation and rising raw-material and energy prices as factors contributing to uncertainty over the outlook, while referring to moves toward normalizing economic activity. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter under review, Japan's economy showed signs of returning to normal economic activity as the COVID-19 pandemic temporarily subsided, but the outlook remained uncertain amid concerns over a resurgence of COVID-19 and the impact of higher raw-material and energy prices.」
Reiterated uncertainty over the outlook, while referring to the temporary easing of the pandemic and moves toward normalizing economic activity, including the risk of renewed infections and rising raw-material and energy costs. - FY2021RestatedAnnual report
「During the fiscal year under review, Japan’s economy was subject to constraints on economic activity due to the global COVID-19 pandemic, and the outlook remains uncertain regarding its impact on domestic economic conditions and corporate earnings.」
Reiterated constraints on economic activity caused by COVID-19 and uncertainty over its future impact on domestic economic conditions and corporate earnings. - FY2020WorsenedAnnual report
「In addition, the outlook remains uncertain due to uncertainty in the global economy resulting from prolonged US-China trade tensions, a slowdown in the Chinese economy and the spread of COVID-19.」
Added uncertainty in the global economy resulting from a slowdown in the Chinese economy and the spread of COVID-19 to the existing uncertainty in overseas economies. - FY2020-Q3RestatedAnnual report
「In addition, uncertainty in overseas economies remains a concern due to factors including prolonged US-China trade tensions and heightened tensions in the Middle East, and uncertain conditions continue.」
Reiterated the view that uncertain business conditions, including uncertainty in overseas economies such as prolonged US-China trade tensions and heightened tensions in the Middle East, continue. - FY2020-Q2RestatedAnnual report
「In addition, concerns remain over uncertainty in overseas economies, including prolonged US-China trade tensions and the United States’ protectionist trade policies, and uncertain conditions continue.」
Reiterated uncertain business conditions, including uncertainty in overseas economies such as prolonged US-China trade tensions and the United States’ protectionist trade policies. - FY2020-Q1RestatedAnnual report
「In addition, concerns remain over uncertainty in overseas economies, including prolonged US-China trade tensions and the United States’ protectionist trade policies, and uncertain conditions continue.」
Reiterated the view that uncertain business conditions, including uncertainty in overseas economies such as prolonged US-China trade tensions and the United States’ protectionist trade policies, continue. - FY2019RestatedAnnual report
「Meanwhile, uncertain conditions continue, including soaring raw-material prices, higher labor costs due to labor shortages, and uncertainties in overseas economies such as U.S. protectionist trade policies.」
Reiterated the view that uncertain business conditions, including uncertainty in overseas economies such as the United States’ protectionist trade policies, continue. - FY2019-Q3RestatedAnnual report
「Meanwhile, uncertain conditions continue, including soaring raw-material prices, higher labor costs due to labor shortages, and uncertainties in overseas economies such as U.S. protectionist trade policies.」
Reiterated the view that uncertain business conditions, including uncertainty in overseas economies such as the United States’ protectionist trade policies, continue. - FY2019-Q2RestatedAnnual report
「Meanwhile, uncertain conditions continue, including soaring raw-material prices, higher labor costs due to labor shortages, and uncertainties in overseas economies such as U.S. protectionist trade policies.」
Reiterated the view that uncertain business conditions, including uncertainty in overseas economies such as the United States’ protectionist trade policies, continue. - FY2019-Q1RestatedAnnual report
「Meanwhile, uncertain conditions continue, including soaring raw-material prices, higher labor costs due to labor shortages, and uncertainties in overseas economies such as the operation of U.S. economic policy.」
Reiterated the view that uncertain business conditions, including uncertainty in overseas economies such as the conduct of US economic policy, continue. - FY2018RestatedAnnual report
「Meanwhile, uncertain conditions continue, including higher labor costs due to labor shortages and uncertainties in overseas economies such as the operation of U.S. economic policy.」
Reiterated the view that uncertain business conditions, including uncertainty in overseas economies, continue. - FY2018-Q3RestatedAnnual report
「Meanwhile, uncertain conditions continue, including higher labor costs due to labor shortages and uncertainties in overseas economies such as the operation of U.S. economic policy.」
Reiterated the view that uncertain business conditions, including uncertainty in overseas economies such as the conduct of US economic policy, continue. - FY2018-Q2RestatedAnnual report
「Meanwhile, uncertain conditions continue, including higher labor costs due to labor shortages and uncertainties in overseas economies such as the operation of U.S. economic policy.」
Reiterated the view that uncertain business conditions, including uncertainty in overseas economies, continue. - FY2018-Q1RestatedAnnual report
「Meanwhile, uncertain conditions continue, including higher labor costs due to labor shortages and uncertainties in overseas economies such as the operation of U.S. economic policy.」
Reiterated the view that uncertain business conditions, including uncertainty in overseas economies, continue. - FY2017-Q3RestatedAnnual report
「Meanwhile, uncertain conditions continue, including unstable movements in share prices and foreign exchange markets and concerns over a downturn in overseas economies.」
Reiterated unstable movements in share prices and foreign exchange markets and concerns over a downturn in overseas economies as an uncertain business environment. - FY2017-Q2First statedAnnual report
「Meanwhile, uncertain conditions continue, including unstable movements in share prices and foreign exchange markets and concerns over a downturn in overseas economies.」
Newly identified unstable movements in share prices and foreign exchange markets and concerns over a downturn in overseas economies as a standalone risk theme among the uncertainties affecting the business environment.