Recession Concerns Driven by Surging Energy and Food Prices and Monetary Tightening
First written in FY2023-Q3. 7 of 10 entries say "Restated". Latest entry: FY2026-H1.
Autoserver moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 40 of 57 companies on the "Worse" side.
60 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「Meanwhile, the effects of developments in the Middle East and volatility in financial and capital markets continue to require close monitoring, and the outlook remains uncertain.」
While the economy remains on a moderate recovery track, the Middle East and financial and capital market volatility continue to create uncertainty. - 2026-05-14RestatedEarnings
「Meanwhile, uncertainty in the global economy, including the situation in the Middle East, has increased. In addition to the impact of the situation in the Middle East, financial and capital market volatility and developments surrounding U.S. trade policy also require continued monitoring.」
The situation in the Middle East, financial and capital market volatility and U.S. trade policy remain factors requiring close attention regarding the outlook. - FY2025RestatedAnnual report
「Meanwhile, continued price increases and yen depreciation, uncertainty over U.S. trade policy, volatility in financial and capital markets, and international developments, including Japan-China relations, will continue to require close monitoring, and the outlook remains uncertain.」
Higher prices, yen depreciation, U.S. trade policy, financial and capital market volatility and international developments remain sources of uncertainty. - 2026-03-04WorsenedGeneral Meetings of Shareholders
「In addition to continued price inflation and yen depreciation, the uncertainty surrounding U.S. trade policy, volatility in the financial and capital markets, and international conditions, including Japan-China relations, must also be closely monitored, and the outlook remains uncertain.」
Inflation, yen depreciation, U.S. trade policy, volatility in the financial and capital markets and international conditions are cited as factors contributing to uncertainty over the outlook. - FY2025-H1WorsenedAnnual report
「During the six months ended 30 September 2025, the Japanese economy continued to recover moderately, supported by improvements in employment and income conditions and the effects of various government policies. However, the outlook remained uncertain owing to increased downside risk from U.S. trade policy, the impact of continued price increases on personal consumption and volatility in financial and capital markets.」
The company recognizes a moderate economic recovery but identifies increased downside risk from U.S. trade policy, higher prices and financial and capital market volatility. - FY2024RestatedAnnual report
「Overseas, the outlook remains uncertain owing to the effects of continued high interest rates in Europe and the United States and the ongoing stagnation in China’s property market, as well as price increases, future U.S. policy developments, the situation in the Middle East, the Russia-Ukraine situation and changes in financial and capital markets.」
High interest rates, China’s economy, prices, U.S. policy, the Middle East and the Russia-Ukraine situation remain external sources of uncertainty. - FY2024-H1RestatedAnnual report
「The environment surrounding the Japanese economy remained uncertain, owing to the effects of continued high interest rates in Europe and the United States, concerns about the outlook for the Chinese economy, the protracted situation in the Middle East and the Russia-Ukraine situation.」
High interest rates in Europe and the United States, the outlook for China, the Middle East and the Russia-Ukraine situation continue to create uncertainty. - FY2024-Q1RestatedAnnual report
「Meanwhile, in addition to concern over a global economic downturn resulting from monetary tightening in Europe and the United States, the environment surrounding the Japanese economy remained uncertain owing to continued price increases and yen depreciation, developments in the Middle East, and the Russia-Ukraine situation.」
Concern over a global downturn, higher prices, yen depreciation, the Middle East and the Russia-Ukraine situation continue to contribute to an uncertain outlook. - FY2023RestatedAnnual report
「As noted above, both new-car and used-car sales have begun to increase. However, energy prices, including electricity and oil, and prices for many consumer goods remain elevated, so developments in the social and economic environment surrounding the automotive industry will need to be monitored closely.」
Higher energy and consumer prices remain external concerns, and the company continues to monitor conditions surrounding the automotive industry. - FY2023-Q3First statedAnnual report
「Meanwhile, the environment surrounding the Japanese economy became increasingly challenging, as concern grew over a global economic downturn caused by worldwide increases in energy and food prices and monetary tightening in Europe and the United States.」
The external environment is characterized by higher prices, monetary tightening in Europe and the United States, and growing concern about a global economic downturn.