Economic Downside from Geopolitical Instability, Higher Costs and Monetary Tightening
First written in FY2023-Q3. 3 of 9 entries say "Dropped", first in FY2023. Latest entry: FY2026-H1.
The whole theme swung hardest in 2020: 40 of 57 companies on the "Worse" side.
16 other companies' latest entry also says "Other".
- FY2026-H1Reappeared; drivers changedAnnual report
「Although Japan's domestic economy continued to recover gradually as employment and income conditions improved, downside risks to the economy remain, including higher resource and energy prices and supply concerns following the outbreak of conflict in the Middle East. The outlook remains uncertain.」
Downside economic risks have been expressly identified again, with higher resource and energy prices and supply concerns resulting from the outbreak of conflict in the Middle East cited as drivers. - 2026-05-15OtherEarnings
「While the gradual recovery of the domestic economy continues, downside risks remain, including a slowdown in overseas economies due to US tariff policies, higher resource and energy prices and supply concerns associated with the outbreak of conflict in the Middle East.」
A recession risk that was not explicitly identified as a major risk in FY2025 has again been disclosed in FY2026, attributed to US tariff policies, the situation in the Middle East and higher resource and energy prices. - FY2025DroppedAnnual reportThe downside economic risks related to international conditions, overseas economies, prices, and financial and capital market volatility identified in the previous filing are not expressly listed among the key risks in this filing.
- FY2025-H1ReappearedAnnual report
「Although Japan's domestic economy during the interim accounting period showed a gradual recovery, downside economic risks remain, including weaker overseas economies resulting from U.S. tariff policies and higher prices resulting from rising resource and energy prices. The outlook remains uncertain.」
Downside economic risks have been expressly identified again, this time with U.S. tariff policies, higher resource and energy prices, and higher prices cited as drivers. - FY2024DroppedAnnual reportThe downside economic risks related to international conditions, overseas economies, prices, wage growth, and financial and capital market volatility identified in the previous filing are not expressly listed among the key risks in this filing.
- FY2024-H1RestatedAnnual report
「The outlook remains uncertain, with downside economic risks arising from weaker overseas economies and higher prices caused by unstable international conditions, as well as wage growth and volatility in financial and capital markets.」
Downside economic risks arising from unstable international conditions, weaker overseas economies, higher prices, wage growth, and volatility in financial and capital markets continue to be expressly identified. - FY2024-Q1ReappearedAnnual report
「The outlook remains uncertain, with downside economic risks arising from weaker overseas economies and higher prices caused by unstable international conditions, as well as wage growth and volatility in financial and capital markets.」
Downside economic risks arising from international conditions, higher prices, wage growth, and volatility in financial and capital markets have been expressly identified again. - FY2023DroppedAnnual reportThe downside economic risks related to international conditions, energy and raw-material prices, and monetary tightening identified in the previous filing are not expressly listed among the key operating environment factors or risks in this filing.
- FY2023-Q3First statedAnnual report
「The outlook remains uncertain, with downside economic risks arising from higher energy and raw-material prices caused by unstable international conditions, as well as global monetary tightening policies.」
The company identifies unstable international conditions, higher energy and raw-material prices, and global monetary tightening as downside economic risks.