Slowing Global Economic Growth and Geopolitical Risks
First written in FY2016-Q3. 11 of 25 entries say "Restated". Latest entry: 2026-08-10.
Asaka Riken moved to the "Worse" side of this theme in 2018, 4 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 46 of 79 companies on the "Worse" side.
37 other companies' latest entry also says "Worsened".
- 2026-08-10WorsenedEarnings
「一方で、当第３四半期連結累計期間においては中東情勢の不安定化によりサプライチェーンに混乱が生じており、石油製品や石油から派生する製品の長納期化や価格の高騰が発生しております。」
地政学的リスクに関連して、サプライチェーン混乱、長納期化、価格高騰の発生を記載した。 - FY2026-H1WorsenedAnnual report
「At the same time, during the interim consolidated fiscal period, supply chain disruptions caused by the destabilisation of the situation in the Middle East led to longer lead times and higher prices for petroleum products and products derived from them. Some of the equipment we plan to introduce may also be affected.」
In addition to existing geopolitical risks, supply chain disruptions caused by the destabilisation of the situation in the Middle East, longer lead times for materials, and surging prices have actually occurred, raising concerns about their impact on planned equipment. - FY2025WorsenedAnnual report
「Although consumer sentiment weakened because of the effects of trade policies in various countries and rising prices, the economy recovered moderately as personal consumption increased on gradual improvements in employment and income conditions and corporate earnings improved.」
While stating that the economy recovered moderately, it identifies weak consumer sentiment caused by trade policies in various countries and rising prices as new uncertainty factors. Concerns about stronger tariffs and geopolitical tensions are also cited as factors influencing gold prices. - FY2025-H1RestatedAnnual report
「Economic uncertainty continues because of concerns about US policy management and surging energy and resource prices associated with rising geopolitical risks.」
It reaffirms that economic uncertainty caused by uncertainty surrounding US policy management, geopolitical risks, and surging energy and resource prices continues. - FY2024-Q2RestatedAnnual report
「During the first six months of the consolidated fiscal year under review, personal consumption showed signs of stagnation in its recovery, but corporate activity showed signs of recovery, and the economy recovered moderately despite the impact of rising prices. At the same time, the outlook remained uncertain, including because of rising geopolitical risks, inflation and the resulting monetary tightening, and surging energy and resource prices worldwide.」
It continues to describe signs of recovery in corporate activity and the economy, while noting an uncertain outlook caused by geopolitical risks, inflation, monetary tightening, and surging energy and resource prices. - FY2024-Q1RestatedAnnual report
「During the first quarter of the consolidated fiscal year under review, Japan's economy saw signs of recovery in corporate activity and personal consumption, economic activity moved toward normalisation, and the economy recovered moderately. At the same time, the outlook remained uncertain, including because of rising geopolitical risks, inflation and the resulting monetary tightening, and surging energy and resource prices worldwide.」
It continues to describe signs of recovery in corporate activity and consumption, while noting an uncertain outlook caused by geopolitical risks, inflation, monetary tightening, and surging energy and resource prices. - FY2023-Q3RestatedAnnual report
「During the first nine months of the consolidated fiscal year under review, measures against the novel coronavirus disease moved to a new phase, restrictions on activities were eased, and economic activity moved toward normalisation in Japan. The economy showed signs of a moderate recovery, and personal consumption also increased moderately. At the same time, the situation remained uncertain, including because of rising geopolitical risks, global inflation, monetary tightening, and surging energy and resource prices.」
It states that, while economic activity is normalising and the economy is recovering, uncertainty caused by geopolitical risks, global inflation, monetary tightening, and surging energy and resource prices continues. - FY2023-Q2RestatedAnnual report
「During the first six months of the consolidated fiscal year under review, Japan's economy showed signs of a moderate recovery as measures against the novel coronavirus disease moved to a new phase. However, the situation remained uncertain, including because of rising geopolitical risks, global inflation, and surging energy and resource prices.」
It reaffirms that, while the economy is showing signs of recovery, uncertainty caused by geopolitical risks, global inflation, and surging energy and resource prices continues. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the consolidated fiscal year under review, Japan's economy showed signs of recovery in corporate production activity as vaccination against COVID-19 became more widespread and the transition to a new phase of living with COVID-19 progressed. However, the situation remained uncertain, including because of rising geopolitical risks, global inflation, and surging energy and resource prices.」
While noting signs of recovery in corporate production activity, it identifies geopolitical risks, global inflation, and surging energy and resource prices as new factors contributing to uncertainty. - FY2022-Q3WorsenedAnnual report
「During the first nine months of the consolidated fiscal year under review, Japan's economy showed signs of recovery in corporate production activity as the number of novel coronavirus infections declined. However, the situation remained uncertain, including because of surging energy and resource prices resulting from the situation in Ukraine and the sharp depreciation of the yen in foreign exchange markets.」
While noting a decline in infections and signs of recovery in production activity, it cites the situation in Ukraine, surging energy and resource prices, and the sharp depreciation of the yen as new factors contributing to uncertainty. - FY2022-Q2WorsenedAnnual report
「During the first six months of the consolidated fiscal year under review, Japan's economy continued to move toward normalisation of economic activity as the infection situation improved. However, the situation remained uncertain, including because of surging energy and resource prices associated with rising geopolitical risks.」
While noting improvements in the infection situation and progress toward economic normalisation, it explicitly identifies rising geopolitical risks and surging energy and resource prices as new factors contributing to uncertainty. - FY2022-Q1WorsenedAnnual report
「However, the spread of novel coronavirus variants and the continued surge in resource prices, particularly crude oil prices, mean that the outlook remains unpredictable.」
It adds and continues to identify uncertainty factors, citing the continued spread of variants and surging resource prices, particularly crude oil prices. - FY2021-Q3Economic normalisation and concerns about prolonged effects from variants occurring concurrentlyAnnual report
「During the first nine months of the consolidated fiscal year under review, Japan's economy showed signs of moving toward normalisation of economic activity, including the gradual rollout of vaccinations against the novel coronavirus disease, and corporate earnings continued to recover, particularly in manufacturing. At the same time, the rising number of infections caused by variants raised concerns about further spread and prolongation of the disease, and the outlook remained uncertain.」
It states that, although progress in vaccinations and a recovery in corporate earnings were evident, the outlook remained uncertain because of concerns about the spread of variants and the prolonged impact of the disease. - FY2021-Q2RestatedAnnual report
「During the first six months of the consolidated fiscal year under review, Japan's economy remained difficult as the effects of the novel coronavirus disease continued for an extended period. However, corporate earnings continued to show signs of recovery, particularly in manufacturing, helped by the effects of various government policies and improvements in overseas economies.」
It continues to describe both the prolonged impact of the novel coronavirus disease and the difficult economic environment, while corporate earnings recover as a result of policy effects and improvements in overseas economies. - FY2021-Q1Economic recovery and concerns about prolonged pandemic effects occurring concurrentlyAnnual report
「During the first quarter of the consolidated fiscal year under review, Japan's economy remained difficult as the effects of the novel coronavirus disease continued for an extended period. However, corporate earnings began to recover, supported by the effects of various government policies and improvements in overseas economies.」
It describes both the prolonged impact of the novel coronavirus disease and the continued severity of the economic environment, while noting that corporate earnings are beginning to recover as a result of policy effects and improvements in overseas economies. - FY2020-Q3WorsenedAnnual report
「During the first nine months of the consolidated fiscal year under review, Japan's economy continued to improve moderately against the backdrop of solid corporate earnings. However, the economy deteriorated sharply as the novel coronavirus disease spread, and the outlook remains uncertain.」
It states that, in addition to the previous slowdown in the Chinese economy and US-China trade friction, the economy deteriorated sharply because of the spread of the novel coronavirus disease. - FY2020-Q2WorsenedAnnual report
「During the first six months of the consolidated fiscal year under review, Japan's economy continued to see gradual improvements in employment and income conditions, but domestic and overseas economies deteriorated sharply as the novel coronavirus disease spread worldwide.」
It states that, in addition to the previous slowdown in the Chinese economy and US-China trade friction, domestic and overseas economies deteriorated sharply because of the worldwide spread of the novel coronavirus disease. - FY2020-Q1RestatedAnnual report
「During the first quarter of the consolidated fiscal year under review, Japan's economy continued to benefit from improvements in employment and income conditions. However, the outlook remained uncertain because of the impact of the consumption tax increase on personal consumption, the slowdown in the Chinese economy, and US-China trade friction.」
The slowdown in the Chinese economy, US-China trade friction, and the impact of the consumption tax increase on personal consumption continue to be cited as factors contributing to an uncertain outlook. - FY2019RestatedAnnual report
「During the fiscal year under review, Japan's economy continued to recover moderately, partly as a result of various government policies. However, the prolonged US-China trade friction and the impact of the slowdown in the Chinese economy caused some weakness in exports and production, and the economy remained uncertain.」
The prolonged US-China trade friction, the slowdown in the Chinese economy, and weakness in exports and production continue to be cited as factors contributing to an uncertain outlook. - FY2019-Q2WorsenedAnnual report
「At the same time, because of concerns about economic and policy uncertainty overseas, including the slowdown in the Chinese economy against the backdrop of US-China trade friction and the UK's EU withdrawal issue, the outlook remains uncertain.」
In addition to US-China trade friction and the slowdown in the Chinese economy, economic and policy uncertainty overseas, including the UK's EU withdrawal issue, is cited. - FY2019-Q1RestatedAnnual report
「At the same time, because of concerns about the impact of developments in US-China trade friction on the global economy, uncertainty in overseas economies, and volatility in financial and capital markets, the outlook remains uncertain.」
US-China trade friction, uncertainty in overseas economies, and volatility in financial and capital markets continue to be cited as factors contributing to an uncertain outlook. - FY2018WorsenedAnnual report
「Meanwhile, the outlook remained uncertain due to concerns about developments in trade friction resulting from the United States’ protectionist trade policies, uncertainty in overseas economies, and volatility in financial and capital markets.」
In addition to previously identified geopolitical risks and other factors, protectionist trade policies, trade friction, uncertainty in overseas economies, and volatility in financial and capital markets are cited as factors contributing to the uncertain outlook. - FY2017RestatedAnnual report
「Overseas, uncertainty about the outlook continued due to concerns about the future policy direction of the US administration and rising geopolitical risks in Asia.」
Concerns about policy direction overseas and geopolitical risks in Asia continue to be cited as factors contributing to the uncertain outlook. - FY2016RestatedAnnual report
「Regarding the outlook for the next fiscal year, Japan’s economy is expected to move toward a gradual recovery. However, uncertainty in the global economy, including geopolitical risks and a slowdown in emerging-market economies, remains, and a challenging business environment is expected to continue.」
The filing states that geopolitical risks and uncertainty in the global economy will continue into the next fiscal year. - FY2016-Q3First statedAnnual report
「Meanwhile, the outlook remained uncertain due to the impact of slowing global economic growth and rising geopolitical risks.」
The slowdown in the global economy and rising geopolitical risks are cited as factors contributing to the uncertain outlook.