Risk of fluctuations in revenue and earnings due to economic conditions in Japan and overseas

「物価上昇の継続、金利・為替の変動、中東の不安定な情勢の長期化などによって、先行きは依然として不透明な状況が続きました。」

「The outlook remained uncertain due to rising prices caused by surging materials prices, the prolonged instability in Ukraine and the Middle East, and US tariff policy.」

「In addition to rising prices caused by surging crude oil and materials prices and exchange-rate fluctuations, the prolonged situation in Ukraine, escalating tensions in the Middle East, and other factors, US tariff policy has made the outlook even more uncertain.」

「The Group's revenue may increase or decrease due to changes in the market environment in the construction and manufacturing industries and other sectors, causing fluctuations in operating income or loss, ordinary income or loss, or net income attributable to owners of the parent. To prepare for such earnings fluctuations, the Group is working to strengthen its financial position.」

「During the cumulative second quarter of the current fiscal year, economic activity gained momentum as restrictions related to COVID-19 were eased. However, due to the impact of surging crude oil and materials prices, rising prices caused by exchange-rate fluctuations, the situation in Ukraine, and other factors, the outlook remained uncertain.」

「Following the reclassification of COVID-19 as a Class 5 disease, signs of a return to normal emerged. However, due to the impact of surging crude oil and materials prices, the situation in Ukraine, and other factors, the outlook remained highly uncertain.」

「During the cumulative second quarter of the current fiscal year, the Japanese economy showed signs of returning to normal as measures were taken against COVID-19, but remained highly uncertain due to the impact of surging crude oil and materials prices, the situation in Ukraine, and other factors.」

「During the first quarter of the current fiscal year, Japan's economy remained highly uncertain amid the prolonged impact of COVID-19 and the effects of surging crude oil and material prices.」

「The Group's revenue may increase or decrease due to changes in the market environment in the construction and manufacturing industries and other sectors, causing fluctuations in operating income or loss, ordinary income or loss, or net income attributable to owners of the parent. To prepare for such earnings fluctuations, the Group is working to strengthen its financial position.」

「Although economic activity gradually resumed and signs of recovery were observed as a result of various policies, the timing of containment remained unforeseeable, and concerns including surging crude oil and material prices also emerged, leaving the outlook uncertain.」

「During the cumulative second quarter of the current fiscal year, the Japanese economy remained under severe conditions as the impact of COVID-19 continued and economic activity was constrained. Although signs of recovery were evident in the economic outlook, the timing of the end of the pandemic could not be foreseen, and concerns including surging crude oil and materials prices had emerged, leaving conditions uncertain.」

「Although signs of recovery were observed in Japan's economy during the first quarter of the current fiscal year, the impact of COVID-19 continued. With the reissuance of the state of emergency and the application of priority preventive measures, among other factors, the timing of containment remained unforeseeable and the economic outlook remained uncertain.」

「During the cumulative first quarter of the current fiscal year, the Japanese economy came under extremely severe conditions as social and economic activity stagnated amid the global spread of COVID-19. The economic outlook has also become increasingly uncertain, as the timing of the end of the pandemic cannot be foreseen.」

「During the current consolidated fiscal year, Japan's economy remained on a moderate recovery track in the first half, with capital investment and personal consumption holding firm due to improvements in corporate earnings and the employment and income environment. However, it deteriorated rapidly toward the end of the fiscal year due to overseas developments, including the US-China trade friction, the UK's withdrawal from the EU and deteriorating Japan-South Korea relations, as well as the impact of the COVID-19 pandemic.」

「During the cumulative third quarter of the current fiscal year, capital investment and personal consumption remained firm, supported by improvements in corporate earnings and the employment and income environment, and the Japanese economy continued on a gradual recovery trend. However, amid concerns including US-China trade friction, the UK's withdrawal from the EU, and deteriorating Japan-South Korea relations, the economy remained in an uncertain condition with respect to its outlook.」

「The economy remained under growing concerns about a slowdown in the outlook.」

「The economy remained under growing concerns about a slowdown in the outlook.」

「The Group's revenue may increase or decrease due to economic conditions in Japan and overseas, causing fluctuations in operating income or loss, ordinary income or loss, or net income attributable to owners of the parent.」