Stagnant personal consumption, yen appreciation, slowing emerging markets, and uncertainty following the UK's decision to leave the EU
First written in FY2017-Q1. 14 of 28 entries say "Reframed", first in FY2017-Q3. Latest entry: FY2026.
Lobtex 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: 50 of 61 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The business environment surrounding the Group has seen the outlook become increasingly uncertain due to 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.」
It continues to cite crude oil and materials prices, exchange rates, the situations in Ukraine and the Middle East, and US tariff policy as factors contributing to uncertainty over the outlook. - FY2026-H1RestatedAnnual report
「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.」
It continues to state that surging materials prices, the situations in Ukraine and the Middle East, and US tariff policy are contributing to uncertainty over the economic outlook. - FY2025ReframedAnnual report
「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.」
In addition to crude oil and materials prices, exchange rates, the situation in Ukraine, and the situation in the Middle East, US tariff policy has emerged as a new factor contributing to uncertainty. - FY2024ReframedAnnual report
「The business environment surrounding the Group has seen economic activity gain momentum following the reclassification of COVID-19 as a Class 5 disease. However, due to the impact of 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, the outlook remains uncertain.」
While economic activity is gaining momentum, rising prices caused by exchange-rate fluctuations and escalating tensions in the Middle East have emerged as new factors contributing to uncertainty. - FY2024-Q3RestatedAnnual report
「During the cumulative third 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, uncertainty over the outlook continued.」
While economic activity is gaining momentum, surging crude oil and materials prices, rising prices caused by exchange-rate fluctuations, and the situation in Ukraine continue to contribute to an uncertain outlook. - FY2024-Q2ReframedAnnual report
「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.」
While economic activity is gaining momentum as restrictions related to COVID-19 are eased, surging crude oil and materials prices, rising prices caused by exchange-rate fluctuations, and the situation in Ukraine are cited as factors contributing to uncertainty. - FY2024-Q1ReframedAnnual report
「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.」
While signs of a return to normal following the reclassification of COVID-19 as a Class 5 disease are evident, uncertainty due to surging crude oil and materials prices and the situation in Ukraine continues. - FY2023-Q2ReframedAnnual report
「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.」
While measures against COVID-19 indicate movement toward economic normalization, surging crude oil and materials prices and the situation in Ukraine continue to contribute to uncertainty. - FY2022ReframedAnnual report
「Concerns have also emerged over the impact on the global economy, including further increases in resource prices and a contraction in trade resulting from Russia's invasion of Ukraine, leaving conditions uncertain.」
In addition to COVID-19 and surging crude oil and materials prices, higher resource prices and reduced trade resulting from Russia's invasion of Ukraine have emerged as new concerns. - FY2022-Q3RestatedAnnual report
「During the cumulative third 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 economic activity gradually resumed and signs of recovery emerged as a result of various policies, 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.」
The impact of the pandemic, uncertainty over when it will end, and surging crude oil and materials prices continue to be cited as factors contributing to the uncertain economic outlook. - FY2022-Q2ReframedAnnual report
「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.」
Amid the continuing impact of the pandemic and uncertainty over the economic outlook, surging crude oil and materials prices emerged as a new concern. - FY2022-Q1RestatedAnnual report
「The impact of COVID-19 continues, including the reissuance of a state of emergency and the application of priority preventive measures to prevent the spread of the disease. As the timing of the end of the pandemic cannot be foreseen, the economic outlook remains uncertain.」
It continues to state that the timing of the end of the pandemic cannot be foreseen and that uncertainty over the economic outlook persists. - FY2021-Q2SoftenedAnnual report
「Although economic activity is being gradually resumed and various policies are being implemented, the timing of the end of the pandemic cannot be foreseen, and uncertain conditions continue with respect to the economic outlook.」
It describes the gradual resumption of economic activity and implementation of various policies, while stating that uncertain conditions continue because the timing of the end of the pandemic cannot be foreseen. - FY2021-Q1WorsenedAnnual report
「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.」
It states that, in addition to the previous uncertainty over the economy, the spread of COVID-19 has stalled social and economic activity and increased uncertainty because the timing of the end of the pandemic cannot be foreseen. - FY2020-Q3RestatedAnnual report
「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.」
US-China trade friction, the UK's withdrawal from the EU, and deteriorating Japan-South Korea relations continue to be cited as concerns regarding the economic outlook. - FY2020-Q2ReframedAnnual report
「During the cumulative second 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 the ongoing labor shortage, US-China trade friction, the UK's withdrawal from the EU, and deteriorating Japan-South Korea relations, the economy remained under increasing concern about a slowdown ahead.」
In addition to the previous concerns over the labor shortage and US-China trade friction, it explicitly identifies the UK's withdrawal from the EU and deteriorating Japan-South Korea relations as concerns. Concern about a slowdown in the economic outlook continues. - FY2020-Q1WorsenedAnnual report
「During the cumulative first quarter of the current fiscal year, the Japanese economy continued to see improvements in employment and capital investment, partly due to the effects of various government policies. However, amid concerns including the ongoing labor shortage and intensifying US-China trade friction, the economy remained under increasing concern about a slowdown ahead.」
It states that, amid the ongoing labor shortage and intensifying US-China trade friction, concern about a slowdown in the economic outlook is increasing. - FY2019RestatedAnnual report
「During the consolidated fiscal year, Japan's economy was on a gradual recovery trend due to solid corporate performance and employment conditions, but the outlook remained uncertain amid concerns including higher labor costs due to labor shortages, intensifying trade friction between the United States and China, and political turmoil in Europe and the United States.」
As in the previous quarter, labor shortages, rising labor costs, US-China trade friction, and political turmoil in Europe and the US are cited as factors contributing to the uncertain economic outlook. - FY2019-Q3WorsenedAnnual report
「During the first 9 months of the consolidated fiscal year, Japan's economy was on a gradual recovery trend due to solid corporate performance and employment conditions, but the outlook remained uncertain amid concerns including higher labor costs due to labor shortages, the impact of natural disasters, intensifying trade friction between the United States and China, and political turmoil in Europe and the United States.」
Amid continuing uncertainty regarding the outlook, intensifying trade friction between the United States and China and political turmoil in Europe and the United States have been explicitly identified as new concerns, heightening uncertainty over external risks. - FY2019-Q2ReframedAnnual report
「During the first 6 months of the consolidated fiscal year, Japan's economy was on a gradual recovery trend due to solid corporate performance and employment conditions, but the outlook remained uncertain amid concerns including higher labor costs due to labor shortages, the impact of natural disasters such as a succession of major typhoons, and intensifying trade friction resulting from protectionist trade policies centered on the United States and China.」
Uncertainty regarding the outlook continues, with higher labor costs due to labor shortages, natural disasters such as major typhoons, and trade friction between the United States and China cited as concerns. - FY2019-Q1ReframedAnnual report
「During the first quarter of the consolidated fiscal year, Japan's economy was on a gradual recovery trend due to solid corporate performance and employment conditions, but uncertainty regarding the economic outlook could not be dispelled amid concerns including higher labor costs due to labor shortages, rising crude oil prices, and intensifying trade frictions originating in the United States.」
Uncertainty regarding the outlook continues, but the concerns cited have shifted to higher labor costs due to labor shortages, rising crude oil prices, and trade frictions originating in the United States. - FY2018ReframedAnnual report
「During the consolidated fiscal year, Japan's economy maintained a gradual recovery trend, with corporate earnings and employment conditions improving, but the outlook remained uncertain amid rising production and logistics costs due to labor shortages and uncertainty in overseas political and economic conditions resulting from US policy trends and concerns over slowing emerging-market economies.」
Uncertainty regarding the outlook continues, with rising production and logistics costs due to labor shortages, US policy trends, and concerns over slowing emerging-market economies cited as factors of concern. - FY2018-Q3WorsenedAnnual report
「During the first 9 months of the consolidated fiscal year, Japan's economy maintained a gradual recovery trend, with corporate earnings and employment conditions improving, but the outlook remained uncertain amid rising production and logistics costs due to labor shortages and uncertainty in overseas political and economic conditions, including the situation on the Korean Peninsula and US policy trends.」
Amid continuing uncertainty regarding the outlook, rising production and logistics costs due to labor shortages have emerged as a specific concern. - FY2018-Q2ReframedAnnual report
「During the first 6 months of the consolidated fiscal year, Japan's economy maintained a gradual recovery trend, with corporate earnings and employment conditions improving, but uncertainty regarding the economic outlook could not be dispelled amid labor shortages and uncertainty in overseas political and economic conditions, including the situation on the Korean Peninsula and US policy trends.」
Uncertainty regarding the outlook continues, with the situation on the Korean Peninsula and US policy trends specifically cited as concerns. - FY2018-Q1ReframedAnnual report
「During the first quarter of the consolidated fiscal year, Japan's economy was on a gradual recovery trend, with corporate earnings and employment conditions improving, but concerns over labor shortages and political and economic instability overseas meant that uncertainty regarding the economic outlook could not be dispelled.」
Uncertainty regarding the economic outlook continues, but the concerns cited have shifted from personal consumption, yen appreciation, and the UK's departure from the European Union to labor shortages and political and economic instability overseas. - FY2017-Q3ReframedAnnual report
「During the first 9 months of the consolidated fiscal year, Japan's economy was on a gradual recovery trend due to the government's economic measures and other factors, but the outlook remained uncertain amid concerns over the effects of slowing emerging-market economies, the UK's decision to leave the European Union, and the transition to a new US administration.」
Uncertainty regarding the outlook continues, but the transition to a new US administration has been added as a concern in place of the previously cited factors of personal consumption and yen appreciation. - FY2017-Q2RestatedAnnual report
「Although employment conditions improved, personal consumption remained sluggish, and the outlook remained uncertain amid concerns over the effects of yen appreciation, slowing emerging-market economies, and the UK's decision to leave the European Union.」
The same uncertainty regarding personal consumption, yen appreciation, emerging-market economies, and the UK's departure from the European Union is also described. - FY2017-Q1First statedAnnual report
「Although employment conditions improved, personal consumption remained sluggish, and the outlook remained uncertain amid concerns over the effects of yen appreciation, slowing emerging-market economies, and the UK's decision to leave the European Union.」
Multiple external factors are cited as sources of uncertainty regarding the outlook.