Uncertainty over the outlook due to economic slowdowns in emerging Asian and resource-rich countries and the UK's withdrawal from the EU
First written in FY2017-Q1. 17 of 30 entries say "Restated". Latest entry: 2026-07-31.
Kyoei Steel moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).
The whole theme swung hardest in 2022: 34 of 41 companies on the "Worse" side.
15 other companies' latest entry also says "Worsened".
- 2026-07-31WorsenedRevisions to earnings forecasts
「当第１四半期連結累計期間における世界経済は、米国の通商政策や中東情勢をはじめとする地政学的リスクの影響などにより先行き不透明な状況が続きました。」
従来の中東情勢等に加え、米国の通商政策が地政学的リスクの要因として示され、先行き不透明な状況が継続した。 - FY2026WorsenedAnnual report
「The global economy has become difficult to predict due to the escalating tensions in the Middle East and other factors. Our Group also expects the impact to emerge gradually, including through energy and logistics costs.」
In addition to the existing uncertainty surrounding the global economy and geopolitics, the impact of escalating tensions in the Middle East on energy and logistics costs was newly identified. - 2026-04-30WorsenedRevisions to earnings forecasts
「当連結会計年度における世界経済は、米国の通商政策や地政学リスクに加え、本年２月末からの中東情勢の緊迫化によって不安定な状況が続いています。」
世界経済の不透明要因として米国の通商政策、地政学リスク、中東情勢の緊迫化が示され、不安定な状況が続いている。 - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period under review, the global economy showed an overall recovery trend despite downside risks, including continued price increases in Europe and the United States and stagnation in China's real estate market.」
While downside risks from rising prices in Europe and the United States and stagnation in China's real estate market continued, the global economy as a whole was described as being on a recovery trend. - FY2024-Q3Downside risks to the economy amid concerns over the Middle East and the Chinese economyAnnual report
「The global economy faced downside risks from monetary tightening, rising prices, developments in the Middle East, and concerns over the outlook for the Chinese economy. Although some regions showed signs of stagnation, the global economy as a whole showed signs of recovery.」
In addition to monetary tightening and rising prices, developments in the Middle East and concerns over the outlook for the Chinese economy were identified as downside risks to the economy. At the same time, signs of recovery in the global economy as a whole were also noted. - FY2024-Q2RestatedAnnual report
「Although the outlook for the global economy remained uncertain, with downside risks from monetary tightening and rising prices, it continued on an overall recovery trend.」
While downside risks to the economy from monetary tightening and rising prices and uncertainty over the outlook continued, the global economy was described as being on an overall recovery trend. - FY2023-Q3RestatedAnnual report
「However, the global economy as a whole remained uncertain due to the prolonged conflict in Ukraine, persistently high resource and energy prices, interest rate hikes in Europe and the United States, a significant appreciation of the US dollar against the yen, and the sluggish Chinese economy.」
Uncertainty in the global economy due to the conflict in Ukraine, persistently high resource and energy prices, interest rate hikes in Europe and the United States and a stronger US dollar against the yen, and the sluggish Chinese economy continued. - FY2023-Q2RestatedAnnual report
「Nevertheless, the outlook for the global economy remained uncertain due to the prolonged Russian invasion of Ukraine, persistently high resource prices and inflation, interest rate increases and the continued strength of the US dollar, or depreciation of the yen, in Europe and the United States, and the stagnation of the Chinese economy.」
The uncertainties in the global economy identified since the previous quarter continued, including the prolonged invasion of Ukraine, persistently high resource prices and inflation, interest rate hikes in Europe and the United States, and the sluggish Chinese economy. - FY2023-Q1WorsenedAnnual report
「Nevertheless, the global economy remains subject to an uncertain outlook due to the prolonged Russian invasion of Ukraine, surging resource prices and rising inflation, interest rate increases and the continued strength of the US dollar, or depreciation of the yen, in Europe and the United States, and the slowdown of the Chinese economy.」
In addition to the uncertainty caused by COVID-19 and other factors, multiple sources of uncertainty were identified, including the prolonged invasion of Ukraine, resource prices and inflation, interest rate hikes in Europe and the United States, and the slowdown of the Chinese economy. - FY2022WorsenedAnnual report
「Russia's invasion of Ukraine in February this year has had a significant impact on global steel supply and demand. Although our Group does not operate in the region, indirect effects, including further price increases for steel scrap and various materials, are unavoidable.」
The indirect effects of Russia's invasion of Ukraine on steel supply and demand and the prices of steel scrap and various materials were identified as a new source of uncertainty. - FY2022-Q3Economic recovery alongside concerns over variant strainsAnnual report
「During the cumulative third quarter under review, the Japanese economy showed signs of recovery due to a decline in infections accompanying the wider rollout of COVID-19 vaccinations and the effects of various government policies. However, the situation remained unpredictable, with new variant strains being identified.」
While the economy showed signs of recovery due to vaccinations and the effects of government policies, uncertainty over the outlook remained following the identification of new variant strains. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter under review, the Japanese economy remained in a severe situation due to the spread of COVID-19. Although signs of recovery were seen in some areas, the outlook remained uncertain.」
While some recovery was seen amid the impact of COVID-19, uncertainty over the outlook for the Japanese economy continued. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter under review, economic activity resumed overseas, while economic activity in Japan stagnated, particularly in urban areas, due to declarations of a state of emergency and other measures, and the outlook remained uncertain.」
While economic activity resumed overseas, stagnation in domestic economic activity and uncertainty over the outlook continued. - FY2021RestatedAnnual report
「During the first three months of the fiscal year, domestic and overseas economies deteriorated sharply and the outlook remained uncertain, partly because economic activity was suspended for a certain period due to the spread of COVID-19.」
The deterioration of domestic and overseas economies due to COVID-19 and uncertainty over the outlook continue to be recognized in the annual report. - FY2021-Q3RestatedAnnual report
「During the first nine months of the fiscal year, economic activity stagnated significantly both in Japan and overseas due to the effects of COVID-19. Although signs of a temporary recovery emerged as efforts were made to balance preventing the spread of infection with economic activity, infections again spread globally, and conditions remained such that the effects were expected to be prolonged.」
The stagnation of domestic and overseas economic activity due to COVID-19 and concerns over a renewed global spread of infections and prolonged effects continue. - FY2021-Q2RestatedAnnual report
「During the first six months of the fiscal year, the Japanese economy remained in an extremely severe condition as economic activity was significantly constrained by the spread of COVID-19, resulting in declines in personal consumption, exports and production, as well as weakness in employment conditions and capital investment. Overseas economies were likewise in a severe condition, and the outlook remained extremely uncertain.」
The suppression of economic activity due to COVID-19, severe domestic and overseas economic conditions, and extremely high uncertainty over the outlook continue. - FY2021-Q1WorsenedAnnual report
「During the first three months of the fiscal year, domestic and overseas economies deteriorated sharply and the outlook remained uncertain, partly because economic activity was suspended for a certain period due to the spread of COVID-19.」
In addition to the existing trade friction and geopolitical risks, the spread of COVID-19 and the suspension of economic activity for a certain period caused a sharp economic deterioration and increased uncertainty over the outlook. - FY2020-Q3RestatedAnnual report
「Nevertheless, the outlook remained uncertain due to factors including developments in the overseas economy surrounding trade issues between the United States and China and the UK's withdrawal from the EU.」
Uncertainty in the overseas economy and uncertainty over the outlook due to trade issues between the United States and China and the UK's withdrawal from the EU continue. - FY2020-Q2RestatedAnnual report
「Nevertheless, the outlook remained uncertain due to the effects of trade friction between the United States and China and rising geopolitical risks.」
Uncertainty over the outlook for the global economy due to trade friction between the United States and China and geopolitical risks continues. - FY2020-Q1RestatedAnnual report
「Nevertheless, the global economy remained subject to an uncertain outlook due to the effects of trade friction between the United States and China.」
Uncertainty over the outlook for the global economy due to trade friction between the United States and China continues to be disclosed. - FY2019-Q3WorsenedAnnual report
「During the first nine months of the fiscal year, the Japanese economy remained on a moderate recovery track as corporate earnings and the employment and income environment continued to improve, but the outlook remained uncertain amid concerns that the global economy could slow due to the effects of trade friction between the United States and China.」
While the domestic economy was described as being on a moderate recovery track, concerns over a slowdown in the global economy due to trade friction between the United States and China were newly identified, increasing uncertainty over the outlook. - FY2019-Q2RestatedAnnual report
「Nevertheless, the outlook remained uncertain due to the effects of trade friction between the United States and China and rising geopolitical risks.」
Uncertainty over the outlook for the global economy due to trade friction between the United States and China and geopolitical risks continues. - FY2019-Q1WorsenedAnnual report
「Nevertheless, the global economy remained subject to an uncertain outlook due to the effects of trade friction between the United States and China.」
In addition to previously identified uncertainty in the overseas economy and geopolitical uncertainty, trade friction between the United States and China was expressly identified as a factor contributing to an uncertain outlook for the global economy. - FY2018RestatedAnnual report
「Nevertheless, the global economy remained subject to an uncertain outlook due to rising protectionism in the United States and geopolitical risks, including the situation in North Korea.」
Uncertainty over the outlook due to overseas economic and geopolitical risks continues to be disclosed. - FY2018-Q3RestatedAnnual report
「During the first nine months of the fiscal year, the Japanese economy remained on a moderate recovery track as corporate earnings and the employment and income environment continued to improve, but the outlook remained uncertain due to rising geopolitical risks, including the situation in North Korea.」
The economy was described as being on a moderate recovery track, while the outlook remained uncertain due to geopolitical risks, including the situation in North Korea. - FY2018-Q2RestatedAnnual report
「During the first six months of the fiscal year, the Japanese economy remained on a moderate recovery track, supported by improvements in corporate earnings and the employment environment, but the outlook remained uncertain due to rising geopolitical risks, including the situation in North Korea.」
The economy was described as being on a moderate recovery track, while the outlook remained uncertain due to geopolitical risks, including the situation in North Korea. - FY2018-Q1WorsenedAnnual report
「During the first nine months of the fiscal year, the Japanese economy remained on a moderate recovery track, supported by improvements in corporate earnings and the employment environment, but the outlook remained uncertain due to rising geopolitical risks in the Middle East and North Korea, among other factors.」
While describing the economy as being on a recovery track, the filing expressly identifies rising geopolitical risks in the Middle East and North Korea as new factors contributing to uncertainty. - FY2017-Q3WorsenedAnnual report
「Uncertainty emerged in overseas economies, including the United States and the United Kingdom, where economic policies were changing, and China, where economic growth was slowing, while uncertainty over the outlook for the Japanese economy also increased.」
The filing states that uncertainty in overseas economies, including the United States, the United Kingdom and China, and uncertainty over the outlook for the Japanese economy increased. - FY2017-Q2RestatedAnnual report
「Nevertheless, uncertainty in the overseas economy increased, and the outlook remained uncertain due to economic downturns in emerging Asian countries, including China, and resource-rich countries, as well as the UK's withdrawal from the European Union (EU).」
The economic downturn in emerging Asian and resource-rich countries, including China, and the UK's withdrawal from the EU continued to be identified as factors contributing to uncertainty in the overseas economy. - FY2017-Q1First statedAnnual report
「Nevertheless, the outlook remains uncertain due to concerns over the effects of economic slowdowns in emerging Asian countries, including China, and resource-rich countries, as well as the UK's withdrawal from the European Union (EU).」
The economic slowdown in emerging Asian and resource-rich countries, including China, and the UK's withdrawal from the EU are newly identified as factors contributing to uncertainty in the business environment.