Risk of increased uncertainty in the business environment due to monetary tightening, high crude oil prices, and yen depreciation
First written in FY2024-Q1. 4 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 40 of 57 companies on the "Worse" side.
16 other companies' latest entry also says "Other".
- FY2026Geopolitical and energy conditions updatedAnnual report
「Although tensions in the Middle East, where geopolitical risks have been rising, are easing following an interim agreement between the United States and Iran and energy supply is expected to stabilize, the outlook still requires close monitoring.」
Regarding the situation in the Middle East, the filing describes easing tensions following the interim agreement and expectations for stable energy supplies, while stating that the outlook requires close monitoring. - FY2026-H1Updated macroeconomic risk factorsAnnual report
「During the interim accounting period under review, Japan's economy followed a moderate recovery trend, supported by a recovery in personal consumption against a backdrop of improving employment and income conditions and strong demand for capital investment. Meanwhile, uncertainty surrounding US trade policy and prolonged geopolitical risks, together with further increases in raw material prices and foreign exchange volatility, meant that the outlook remained difficult to predict.」
In addition to the previously stated monetary tightening, higher crude oil prices and persistently high energy prices, identifies US trade policy, geopolitical risks, raw material prices and foreign exchange volatility as new sources of uncertainty in the business environment. - FY2025Energy prices were trending downward, while uncertainty persistedAnnual report
「During the fiscal year under review, Japan's economy recovered moderately as employment and income conditions improved. Meanwhile, the global economy showed signs of calm as US tariff negotiations progressed, and energy prices were trending downward due to policies including increased production. However, uncertainty persisted as another negotiation deadline approached and the situation in the Middle East remained volatile.」
While stating that energy prices shifted from remaining high through the interim period to a downward trend for the full fiscal year, continues to describe uncertainty arising from tariff negotiations and the situation in the Middle East. - FY2025-H1RestatedAnnual report
「During the interim accounting period under review, Japan's economy recovered moderately, supported by improvements in employment and income conditions, although some weakness was seen due to the impact of higher prices. Meanwhile, energy prices remained high amid volatility in foreign exchange markets caused by changes in interest rates in various countries and confusion surrounding the energy market, and the outlook remained uncertain.」
Continues to list foreign exchange volatility, persistently high energy prices, higher prices and an uncertain outlook as business-environment risk factors. - FY2024RestatedAnnual report
「Meanwhile, the yen depreciated further against a backdrop of rising US interest rates and expectations that the Bank of Japan would maintain monetary easing for an extended period. Energy prices remained high amid confusion surrounding the energy market, and the outlook remained uncertain.」
Continues to describe an uncertain business environment, including yen depreciation, persistently high energy prices and financial conditions. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, Japan's economy continued to face an uncertain outlook. Although it had begun moving toward the normalization of monetary policy as the economy continued its moderate recovery, the yen depreciated as the period of elevated crude oil prices was prolonged by tensions in Ukraine and the Middle East, and energy prices remained high.」
While referring to the move toward monetary policy normalization, continues to list uncertainty arising from the situation in Ukraine and the Middle East, higher crude oil prices, yen depreciation and persistently high energy prices as business-environment risk factors. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, Japan's economy continued to face an uncertain outlook. Although economic conditions were recovering moderately, concerns arose over the adverse effects on the economy as global monetary tightening continued. In addition, as the period of elevated crude oil prices continued, the yen depreciated and energy prices rose further.」
Continues to list global monetary tightening, higher crude oil prices, yen depreciation and rising energy prices as business-environment risk factors. - FY2024-Q1First statedAnnual report
「During the cumulative first quarter under review, Japan's economy continued to face an uncertain outlook. Although economic conditions were recovering moderately, concerns arose over the adverse effects on the economy of global monetary tightening. In addition, as the period of elevated crude oil prices continued, the yen depreciated and energy prices rose further.」
Identifies concerns over the adverse effects of global monetary tightening, and lists higher crude oil prices, yen depreciation and rising energy prices as business-environment risk factors. The higher crude oil prices, yen depreciation and rising energy prices are treated in the main text as events that occurred.