Economic conditions and changes in laws and regulations in the countries and regions where overseas business partners are located
First written in FY2016. 8 of 16 entries say "Worsened", first in FY2020. Latest entry: 2026-11-02.
The whole theme swung hardest in 2025: 48 of 95 companies on the "Worse" side.
- FY2026-H1RestatedAnnual report
「The outlook remained uncertain due to developments in U.S. trade policy and the prolongation of geopolitical risks.」
The uncertainty surrounding the outlook due to U.S. trade policy and prolonged geopolitical risks was reconfirmed. - FY2025-H1WorsenedAnnual report
「Overseas, the outlook remained uncertain due to the continued high interest-rate environment in Europe and the United States, the protracted conflict in Ukraine, geopolitical risks including the situation in the Middle East, a slowdown in the Chinese economy, and persistently high energy and logistics costs.」
The continued high interest-rate environment in Europe and the United States, the conflict in Ukraine, the situation in the Middle East, and the slowdown in the Chinese economy were specifically identified as sources of uncertainty regarding overseas economic conditions and laws and regulations, broadening the scope of the geopolitical risks described. - FY2024WorsenedAnnual 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.」
International conditions, energy and logistics prices, monetary tightening, and concerns over a slowdown in the Chinese economy were added as specific sources of uncertainty regarding economic-environment risks. - FY2024-Q1RestatedAnnual 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.」
While noting that the adverse impact of COVID-19 had eased, the uncertainty surrounding the economic outlook due to global inflation and the yen's rapid depreciation was reconfirmed. - FY2023WorsenedAnnual report
「During the consolidated fiscal year 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, and monetary tightening resulting from interest-rate increases in various countries.」
While noting that the adverse impact of COVID-19 had eased, the statement identified higher resource prices and global inflation, as well as monetary tightening resulting from interest-rate increases in various countries, 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 noting that the adverse impact of COVID-19 had eased, the statement identified higher resource prices, particularly crude oil, and global inflation as the principal concerns and described the uncertainty surrounding the economic outlook. - FY2023-Q2WorsenedAnnual 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 the yen's rapid depreciation and global inflation accompanying higher resource prices, particularly crude oil.」
While noting that the adverse impact of COVID-19 had eased, the statement identified the yen's rapid depreciation, higher resource prices, and global inflation as new concerns and described the uncertainty surrounding 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.」
While noting that the adverse impact of COVID-19 had eased, the statement identified global inflation and the yen's rapid depreciation as new concerns and described the uncertainty surrounding the economic outlook. - FY2021-Q3RestatedAnnual 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.」
The deterioration in the economy caused by COVID-19 and the recovery supported by the resumption of economic activity and the effects of policy measures were presented together, while the uncertainty surrounding the economic recovery was reconfirmed. - FY2021-Q2RestatedAnnual report
「During the cumulative consolidated period under review, the Japanese economy was in an extremely difficult situation as economic activity and personal consumption fell sharply under the impact of the global spread of COVID-19. Although there were signs of economic activity resuming from June onward, a full recovery in the domestic economy was expected to take time. Overseas, the recovery in demand resulting from the easing of restrictions on economic activity and economic stimulus measures remained uncertain.」
The decline in domestic economic activity and personal consumption caused by COVID-19 and the uncertainty surrounding the recovery in overseas demand were reconfirmed. - FY2020WorsenedAnnual report
「Our Group operates in Japan and Asia. The spread of COVID-19, as well as changes in economic conditions not only in Japan but also worldwide, may adversely affect our operating results and financial position. In addition, as many of our Group's customers operate overseas, changes in the laws and regulations and economic conditions of those countries or regions may adversely affect our Group's operating results and financial position.」
The risk of economic fluctuations arising from the spread of COVID-19 was added to the existing economic-environment risks related to Japan, Asia, and the countries and regions where overseas customers are located. - FY2019RestatedAnnual report
「Our Group operates in Japan and Asia. Changes in economic conditions not only in Japan but also worldwide may adversely affect our operating results and financial position. In addition, as many of our Group's customers operate overseas, changes in the laws and regulations and economic conditions of those countries or regions may adversely affect our Group's operating results and financial position.」
The risks associated with operations in Japan and Asia and changes in business conditions, laws and regulations, and economic conditions in the countries and regions where overseas customers are located were reconfirmed. - FY2018RestatedAnnual report
「Our Group operates in Japan and Asia. Changes in economic conditions not only in Japan but also worldwide may adversely affect our operating results and financial position. In addition, as many of our Group's customers operate overseas, changes in the laws and regulations and economic conditions of those countries or regions may adversely affect our Group's operating results and financial position.」
The risks associated with operations in Japan and Asia and changes in economic conditions, laws and regulations, and business conditions in the countries and regions where overseas customers are located were reconfirmed. - FY2016First statedAnnual report
「As many of our Group's customers operate overseas, changes in the laws and regulations and economic conditions of those countries or regions may adversely affect our Group's operating results and financial position.」
Risks related to regional conditions, laws and regulations, and economic conditions through customers operating overseas.