Economic uncertainty driven by rising prices, soaring material costs and geopolitical risks
First written in FY2024-H1. 2 of 3 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2020: 25 of 36 companies on the "Worse" side.
52 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the interim accounting period, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company stated that there had been no material changes to economic uncertainty from inflation, higher material costs or geopolitical risks. - FY2024RestatedAnnual report
「Although the market in which we operate is expected to continue expanding as companies seek to improve management efficiency in response to changes in their operating environment and a declining working-age population, it may be affected by economic conditions and the development of various new technologies.」
The company expects market expansion but explicitly identifies exposure to economic conditions and technological innovation as business risks. - FY2024-H1First statedAnnual report
「During the interim accounting period, Japan's economy continued to recover moderately, with consumer and inbound demand recovering as the country emerged from the COVID-19 pandemic. However, inflation and labor shortages remained concerns, while tight labor markets and higher material prices increased companies' cost burdens and affected business activity. Continued attention is also required because prolonged geopolitical risks are increasing uncertainty in the global economy.」
Inflation, labor shortages, tight labor markets and higher material prices affected business activity, while the company highlighted the need to monitor heightened global economic uncertainty caused by prolonged geopolitical risks. The business-risk section reported no new risks or material changes, but the economic-environment discussion identified external concerns.