Downside risk to the economy from the Russia-Ukraine issue, monetary policy and inflation
First written in FY2023-Q3. 7 of 11 entries say "Restated". Latest entry: 2026-07-28.
The whole theme swung hardest in 2020: 25 of 36 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2026-H1RestatedAnnual report
「Meanwhile, the economic outlook remains uncertain due to uncertainty surrounding U.S. foreign policy, increasing instability in overseas conditions, interest-rate fluctuations and ongoing yen depreciation.」
Continues to identify U.S. foreign policy, overseas conditions, interest-rate fluctuations and yen depreciation as external-environment risks contributing to economic uncertainty. - 2026-04-28MitigatedFinancial Results Presentation
「The impact of shortages of construction materials such as naphtha arising from the situation in the Middle East is currently limited for the regeneration of older office-focused buildings」
The company does not claim that external-environment risks have disappeared, but explains that the current impact of construction-material shortages on older-building regeneration is limited. - FY2025RestatedAnnual report
「Meanwhile, the economic outlook remains uncertain due to uncertainty surrounding U.S. economic policy, increasing instability in overseas conditions and ongoing inflation.」
Continues to identify U.S. economic policy, overseas conditions and inflation as sources of economic uncertainty in the external environment. - FY2025-H1Additional explanation of resilience to tariff risksAnnual report
「Even if tariffs imposed by the Trump administration in the United States are implemented, we believe the risk of withdrawal is low because our business model is relatively resilient to economic fluctuations and our owners and tenants are primarily domestic companies.」
Adds the view that the risk of withdrawal is low in relation to external-environment risks associated with U.S. tariffs, citing the predominantly domestic customer base and the business model. - FY2024RestatedAnnual report
「However, the economic outlook remains uncertain, amid the possibility that surging resource, energy and raw-material prices against a backdrop of unstable overseas conditions, together with the effects of a weaker yen, could make excessive inflation persistent.」
Continues to point to economic uncertainty arising from overseas conditions, resource, energy and raw-material prices, yen depreciation and inflation. - FY2024-Q2RestatedAnnual report
「However, resource, energy and raw-material prices continue to surge against a backdrop of unstable overseas conditions, and the economic outlook remains uncertain.」
Continues to point to economic uncertainty arising from overseas conditions and surging resource, energy and raw-material prices. - FY2024-Q1RestatedAnnual report
「However, the economic outlook remains uncertain, as resource, energy and raw-material prices continue to surge against a backdrop of unstable overseas conditions and could, together with the effects of interest rates and yen depreciation, make excessive inflation persistent.」
Continues to point to economic uncertainty arising from overseas conditions, resource, energy and raw-material prices, interest rates, yen depreciation and inflation. - FY2023RestatedAnnual report
「During the fiscal year, Japan's economy showed signs of moving toward normalization of socioeconomic activity as the impact of COVID-19 eased, including a recovery in inbound demand and services consumption. However, the economic outlook remains uncertain, amid the possibility that surging resource, energy and raw-material prices against a backdrop of unstable overseas conditions, together with the effects of a weaker yen, could make excessive inflation persistent.」
Expresses the view that uncertainty in the external environment will persist due to overseas conditions, resource, energy and raw-material prices, yen depreciation and inflation. - FY2023-Q3First statedAnnual report
「Concerns about an economic slowdown stemming from the prolonged Russia-Ukraine issue and monetary policy, as well as downside risks to the economy from rising prices, continue to be identified, and the outlook for the economy remains uncertain.」
Identifies an economic slowdown and downside risks stemming from geopolitical issues, monetary policy and rising prices as external-environment risks.