Instability in Stock Prices and Foreign Exchange Rates Due to Factors Including Brexit, and Uncertainty over the Economic Outlook
First written in FY2017-Q2. 9 of 22 entries say "Worsened", first in FY2017-Q3. Latest entry: FY2024.
Wise Holdings moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).
The whole theme swung hardest in 2022: 145 of 178 companies on the "Worse" side.
11 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual report
「During the consolidated fiscal year under review, the Japanese economy was on a gradual recovery trend as the easing of COVID-19 restrictions led to increased personal consumption and an expansion in inbound demand. However, the outlook remained uncertain due to the increasingly tense international situation, persistently high energy and logistics costs, economic stagnation resulting from global monetary tightening, and concerns over a slowdown in the Chinese economy.」
The specific risks previously centered on Brexit and US-China trade policy were not explicitly identified among the major risks for the current fiscal year. Instead, the description shifted to the international situation, elevated prices, monetary tightening and the Chinese economy. - FY2024-Q2WorsenedAnnual report
「During the six-month period ended [current second quarter], COVID-19 was reclassified under Japan’s Infectious Disease Control Law as a Class 5 disease, and the economy was gradually recovering as economic activity returned to normal. However, the outlook remained uncertain because of concerns including slower growth in the Chinese economy and geopolitical risks arising from the situation involving Russia and Ukraine.」
While pointing to the reclassification of COVID-19 as a Class 5 disease and the economy’s gradual recovery, the company identified slower growth in the Chinese economy and geopolitical risks arising from the situation involving Russia and Ukraine as new concerns. - FY2023-Q3ReframedAnnual report
「During the cumulative consolidated period under review, the adverse impact of COVID-19 had eased, but the outlook remained uncertain due to concerns including global inflation accompanying higher resource prices, particularly crude oil.」
While indicating that the adverse effects of the pandemic had eased, the company cited surging resource prices and global inflation as the primary new concerns contributing to uncertainty over the economic outlook. - FY2023-Q1WorsenedAnnual report
「During the cumulative consolidated period under review, the adverse impact of COVID-19 had eased, but the outlook remained uncertain due to concerns including global inflation driven by soaring raw-material prices and the yen's rapid depreciation.」
In addition to the previously cited uncertainty caused by the pandemic and trade policy, global inflation and the sharp depreciation of the yen were identified as concerns. - FY2022-Q3ReframedAnnual report
「During the nine-month period ended [current third quarter], personal consumption slowed because of the implementation of states of emergency and priority preventive measures. However, as vaccinations progressed and states of emergency were lifted, the economy gradually began to show signs of recovery, led mainly by the manufacturing sector.」
The description changed to one that showed slower personal consumption because of states of emergency and other measures, while stating that the economy was recovering, led mainly by manufacturing, as vaccinations progressed and the declarations were lifted. - FY2022-Q2WorsenedAnnual report
「During the six-month period ended [current second quarter], personal consumption slowed as the resurgence of COVID-19 led to the implementation of states of emergency and priority preventive measures. Although the economy was on a recovery trend led by the manufacturing sector, which turned to recovery relatively quickly, differences in the pace of recovery across industries continued.」
While describing a recovery trend led by manufacturing, the company stated that personal consumption had slowed because of the resurgence of COVID-19 and the implementation of states of emergency and other measures, and that disparities in recovery across industries continued. - FY2021-Q3ReframedAnnual report
「During the cumulative consolidated period under review, the Japanese economy deteriorated rapidly due to the impact of COVID-19, although signs of a recovery emerged as economic activity gradually resumed and policy measures took effect. However, the end of the COVID-19 pandemic was still not in sight, and the economic recovery remained uncertain.」
While adding signs of a recovery driven by the resumption of economic activity and the effects of policy measures to the previous description of a sharp economic downturn and extremely difficult conditions, the company stated that the recovery remained uncertain because the end of the pandemic was not yet in sight. - FY2021-Q1WorsenedAnnual report
「During the three-month period ended [current first quarter], the Japanese economy was in an extremely difficult situation as economic and social activity declined substantially because of the global spread of COVID-19.」
In addition to the uncertainty caused by previously cited trade policy and other factors, the spread of COVID-19 caused a substantial decline in economic and social activity, resulting in an extremely difficult economic environment. - FY2020WorsenedAnnual report
「In the automotive industry, a major customer of the group, automakers have been strengthening overseas production and global procurement, and the outlook for the domestic market remains uncertain.」
In addition to uncertainty in the domestic market resulting from the automotive industry’s shift to overseas production and stronger global procurement, the analysis of operating results described conditions as extremely uncertain because of US-China trade issues, the spread of COVID-19 and other factors. - FY2020-Q3WorsenedAnnual report
「During the nine-month period ended [current third quarter], employment and income conditions improved, but successive natural disasters and consumer spending trends following the consumption tax increase raised concerns as downside risks to the economy. In addition, the outlook for the global economy remained uncertain because of factors including US trade policy.」
In addition to the previously cited US trade policy and other factors, successive natural disasters and consumer spending trends following the consumption tax increase were newly identified as downside risks to the economy. - FY2020-Q2RestatedAnnual report
「During the six-month period ended [current second quarter], employment and income conditions continued to improve, but the outlook for the global economy remained uncertain because of factors including US trade policy.」
While pointing to improvements in employment and income conditions, the company reconfirmed US trade policy as a factor contributing to uncertainty over the outlook for the global economy. - FY2020-Q1RestatedAnnual report
「During the three-month period ended [current first quarter], the Japanese economy remained on a gradual recovery trend, supported by improvements in employment and income conditions. However, the outlook for the global economy remained uncertain because of factors including US trade policy.」
While pointing to the economic recovery trend, the company reconfirmed US trade policy as a factor contributing to uncertainty over the outlook for the global economy. - FY2019WorsenedAnnual report
「During the fiscal year, the Japanese economy remained on a gradual recovery trend, supported by improvements in corporate earnings and employment conditions. However, the economic outlook remained uncertain because of factors including US-China trade friction and concerns over a slowdown in the global economy.」
While pointing to the economic recovery trend, the company cited concerns over US-China trade friction and a slowdown in the global economy as factors contributing to uncertainty over the outlook. - FY2019-Q3RestatedAnnual report
「During the nine-month period ended [current third quarter], the Japanese economy maintained a gradual recovery trend, supported by improvements in corporate earnings and employment and income conditions. However, the economic outlook remained uncertain amid concerns over trade policy between the US and China.」
While pointing to the economic recovery trend, the company reconfirmed trade policy between the US and China as a factor contributing to uncertainty over the outlook. - FY2019-Q2WorsenedAnnual report
「During the six-month period ended [current second quarter], the Japanese economy maintained a gradual recovery trend, supported by improvements in corporate earnings and employment and income conditions, despite the effects of natural disasters including the torrential rains in western Japan. However, the economic outlook remained uncertain because of concerns over higher crude oil prices and US trade policy.」
In addition to the previously cited US trade policy and other factors, natural disasters including the torrential rains in western Japan and higher crude oil prices were identified as factors contributing to uncertainty. - FY2019-Q1ReframedAnnual report
「During the three-month period ended [current first quarter], the Japanese economy remained on a gradual recovery trend, supported by improvements in corporate earnings and employment and income conditions. However, the economic outlook remained uncertain because of factors including US trade policy.」
While pointing to the economic recovery trend, the company’s description for the quarter identified US trade policy and other factors as contributing to uncertainty over the outlook. - FY2018RestatedAnnual report
「During the fiscal year, the Japanese economy remained on a gradual recovery trend, supported by improvements in corporate earnings and employment and income conditions. However, the economic outlook remained uncertain because of US policy management, developments in trade policy and instability in the international situation.」
While pointing to the economic recovery trend, the company reconfirmed US policy management, trade policy and instability in the international situation as factors contributing to uncertainty over the outlook. - FY2018-Q3RestatedAnnual report
「During the nine-month period ended [current third quarter], the Japanese economy remained on a gradual recovery trend, supported by improvements in corporate earnings and employment conditions. However, the economic outlook remained uncertain because of US policy management, developments in trade policy and instability in the international situation.」
While pointing to the economic recovery trend, the company again cited US policy management, trade policy and instability in the international situation as factors contributing to uncertainty over the outlook. - FY2018-Q2ReframedAnnual report
「During the six-month period ended [current second quarter], the Japanese economy remained on a gradual recovery trend, supported by improvements in corporate earnings and employment conditions, although a full recovery in personal consumption will still take time. In addition, the economic outlook remained uncertain because of US policy management, developments in trade policy and instability in the international situation.」
While pointing to the economic recovery trend and improvements in corporate earnings and employment conditions, the company cited developments in trade policy and instability in the international situation, in addition to the previously cited political situation in Europe, as factors contributing to uncertainty over the outlook. - FY2018-Q1ReframedAnnual report
「During the three-month period ended [current first quarter], the Japanese economy remained on a gradual recovery trend, supported by improvements in corporate earnings and employment conditions, although a full recovery in personal consumption will still take time. In addition, the economic outlook remained uncertain, affected by US policy management and the political situation in Europe.」
While pointing to the economic recovery trend and improvements in corporate earnings and employment conditions, the company cited the delayed recovery in personal consumption, US policy management and the political situation in Europe as factors contributing to uncertainty over the outlook. - FY2017-Q3WorsenedAnnual report
「During the nine-month period ended [current third quarter], the Japanese economy remained uncertain, affected by issues including Brexit and the transition to the new US administration, as well as unstable movements in foreign exchange and equity markets.」
In addition to Brexit, the transition to the new US administration emerged as a new source of uncertainty, broadening the range of risk factors. - FY2017-Q2First statedAnnual report
「During the six months ended the second quarter of the current consolidated fiscal year, the Japanese economy remained in a situation in which the outlook was uncertain, amid volatile share prices and foreign exchange rates due to the UK's Brexit issue and other factors and concerns about their impact on corporate performance.」
The unstable movements in share prices and exchange rates caused by issues including Brexit, and uncertainty over the economic outlook, were recorded as business-environment risks for the first time.