Risk of turmoil in financial markets and the global economy
First written in FY2023. 5 of 7 entries say "Worsened", first in FY2025. Latest entry: 2026-10-28.
The whole theme swung hardest in 2022: 125 of 168 companies on the "Worse" side.
- FY2026-H1WorsenedAnnual report
「The U.S. tariff measures created uncertainty about export industries, particularly automobiles, while the Bank of Japan kept its policy rate unchanged and real GDP growth was revised downward, causing the economic recovery to slow overall.」
U.S. tariff measures, uncertainty for export industries and the slowdown in the economic recovery are identified as specific factors worsening the economic environment. - FY2025WorsenedAnnual report
「The economic environment surrounding our group remains uncertain because of the impact of higher tariffs under the U.S. Trump administration on the global economy, concerns about a U.S. recession, a slowdown in the Chinese economy and worldwide inflation.」
In addition to the existing risk of disruption in the global economy and financial markets, higher U.S. tariffs and recession concerns are identified as specific sources of uncertainty. - FY2024RestatedAnnual report
「If an event causes disruption in financial markets or the global economy because of a credit contraction, a worldwide recession, an international conflict, a major natural disaster or other event, it may become difficult to form operating lease funds or sell fund interests and other products.」
The risk that disruption in financial markets and the global economy could make formation and sales difficult continues to be disclosed. - FY2023First statedAnnual report
「If an event causes disruption in financial markets or the global economy because of a credit contraction, a worldwide recession, an international conflict, a major natural disaster or other event, it may become difficult to form operating lease funds or sell fund interests and other products.」
Credit contraction, recession, international conflict and natural disasters are identified as external risks that could make fund formation and sales difficult.