Uncertainty arising from economic downturns in emerging Asian and resource-rich countries
First written in FY2017-Q1. 18 of 36 entries say "Restated". Latest entry: 2026-10-20.
The whole theme swung hardest in 2022: 124 of 167 companies on the "Worse" side.
- FY2026-H1RestatedAnnual report
「In addition to concerns over the impact of continued inflation on private consumption through a decline in consumer sentiment, the outlook remained uncertain due to developments in US trade policy, prolonged geopolitical risks, and volatility in the political and financial and capital markets of various countries, among other factors.」
We have reconfirmed uncertainty arising from inflation, US trade policy, prolonged geopolitical risks, and volatility in political and financial and capital markets. - FY2025WorsenedAnnual report
「Overseas economies are expected to remain uncertain about the outlook due to rising policy risks triggered by the change of administration in the US, sluggish domestic demand resulting from China's property downturn, and the prolonged Russia-Ukraine situation, among other factors.」
In addition to the existing overseas economic risks, we identify US policy risks and sluggish domestic demand resulting from China's property downturn as specific factors contributing to uncertainty. - FY2025-H1RestatedAnnual report
「Meanwhile, conditions remained uncertain about the outlook due to the impact of continued inflation, surging energy and raw material prices resulting from the prolonged Russia-Ukraine conflict, heightened tensions in the Middle East, and a slowdown in China's economy, among other factors.」
We have reconfirmed uncertainty in overseas economies arising from the Russia-Ukraine conflict, the situation in the Middle East, and a slowdown in China's economy, among other factors. - FY2025-Q1WorsenedAnnual report
「Meanwhile, conditions remained uncertain about the outlook due to surging energy and raw material prices resulting from the prolonged Russia-Ukraine conflict, the resulting disruption in European markets, instability in the Middle East, and a slowdown in China's economy, among other factors.」
In addition to the existing Ukraine-related situation and surging prices, we explicitly identify disruption in European markets, instability in the Middle East, and a slowdown in China's economy as factors contributing to uncertainty. - FY2024-Q3RestatedAnnual report
「Meanwhile, conditions remained uncertain about the outlook due to surging energy and raw material prices resulting from the prolonged situation in Ukraine, the impact of global monetary tightening, and a slowdown in China's economy, among other factors.」
We have reconfirmed uncertainty about the outlook arising from the situation in Ukraine, surging energy and raw material prices, monetary tightening, and a slowdown in China's economy. - FY2024-Q2WorsenedAnnual report
「Conditions remained uncertain about the outlook due to surging energy and raw material prices resulting from the prolonged situation in Ukraine, the impact of global monetary tightening, and a slowdown in China's economy, among other factors.」
In addition to the existing uncertainty arising from the situation in Ukraine and other factors, we have specified surging energy and raw material prices, global monetary tightening, and a slowdown in China's economy as factors contributing to uncertainty. - FY2024-Q1RestatedAnnual report
「The global economy remained uncertain about the outlook, despite expectations of a recovery supported by policies in various countries, due to the prolonged situation in Ukraine and the impact of monetary tightening, among other factors.」
We have reconfirmed the recognition that, while a recovery in the global economy is expected, uncertainty continues due to the prolonged situation in Ukraine and monetary tightening, among other factors. - FY2023-Q3WorsenedAnnual report
「The global economy also remains uncertain due to the prolonged situation in Ukraine, the impact on the economy of a sharp increase in COVID-19 cases in China, and concerns about a shift from a period of global inflation to a period of economic recession.」
In addition to the existing Ukraine-related issues and China's lockdowns, we have specified the surge in infections in China and concerns over a shift from global inflation to an economic downturn as factors contributing to uncertainty in the global economy. - FY2023-Q2WorsenedAnnual report
「The outlook for the global economy remained uncertain due to downside risks, including the prolonged Ukraine situation and difficulties procuring parts caused by China's lockdowns.」
In addition to the existing Ukraine-related issues and other factors, we explicitly identify difficulties procuring parts due to China's lockdowns as a specific downside factor. - FY2023-Q1RestatedAnnual report
「The global economy also remained uncertain about the outlook due to concerns over the prolonged Ukraine situation and the risk of a resurgence of infections in some regions.」
We have reconfirmed uncertainty in the global economy arising from concerns over the prolonged Ukraine situation and the risk of a resurgence of infections in some regions. - FY2022WorsenedAnnual report
「Conditions remained uncertain due to the risk of a resurgence of infections caused by new variants, rising raw material prices and surging crude oil prices. The global economy also became increasingly uncertain due to a resurgence of infections in some regions caused by variants and Russia's invasion of Ukraine.」
In addition to the existing pandemic and overseas economic risks, we have added rising raw material prices, surging crude oil prices, and Russia's invasion of Ukraine as factors contributing to uncertainty. - FY2022-Q3WorsenedAnnual report
「The global economy also remained uncertain about the outlook due to a resurgence of infections in some regions caused by variants and other factors.」
In addition to the existing uncertainty caused by COVID-19, we explicitly identify the resurgence of infections in some regions caused by variants and other factors as a source of uncertainty in overseas economies. - FY2022-Q2RestatedAnnual report
「The global economy also showed signs of recovery, and a continued recovery is expected, but the outlook remains uncertain due to the impact of the same infection.」
We have reconfirmed the recognition that, while the global economy is showing signs of recovery, uncertainty about the outlook caused by COVID-19 continues. - FY2022-Q1SoftenedAnnual report
「During the first quarter of the current fiscal year, Japan's economy remained in difficult conditions as restrictions on economic activity continued due to the impact of COVID-19, despite signs of a recovery in capital investment and other areas. The third state of emergency was declared in April 2021, among other developments. The global economy also showed signs of recovery, and a continued recovery is expected, but the outlook remains uncertain due to the impact of the same infection.」
Signs of recovery in capital investment and the global economy indicate a partial improvement from the previous recognition of broad-based deterioration, while difficult conditions and uncertainty caused by the pandemic remain. - FY2021RestatedAnnual report
「The global economy also remained in difficult conditions due to the impact of COVID-19, with the outlook continuing to be uncertain.」
The difficult global economic conditions and uncertainty about the outlook caused by the pandemic continued. - FY2021-Q3RestatedAnnual report
「The global economy also remained in difficult conditions due to the impact of COVID-19, with the outlook continuing to be uncertain.」
The difficult global economic conditions and uncertainty about the outlook caused by COVID-19 continued. - FY2021-Q2RestatedAnnual report
「The global economy also continued to slow due to the impact of COVID-19 and remained uncertain about the outlook.」
The global economy's slowdown due to COVID-19 and uncertainty about the outlook continued. - FY2021-Q1RestatedAnnual report
「The global economy also remained uncertain due to restrictions on economic activity in various countries resulting from the spread of COVID-19.」
Uncertainty in the global economy caused by the spread of COVID-19 and restrictions on economic activity in various countries continued. - FY2020WorsenedAnnual report
「Meanwhile, the outlook overseas remained uncertain due to the prolonged US-China trade and Japan-South Korea issues. In addition, as the global spread of COVID-19 since the start of the year led to a situation with a major impact on the global economy, concerns over an economic slowdown intensified further.」
In addition to the existing trade and Japan-South Korea issues, we explicitly identify concerns over a slowdown in the global economy caused by the global spread of COVID-19. - FY2020-Q3RestatedAnnual report
「However, successive natural disasters and consumer trends following the consumption tax increase were sources of concern as downside risks to economic conditions. Meanwhile, the outlook for the global economy remained uncertain due to the impact of US-China trade issues, concerns over China's economic outlook, the UK's EU exit issue, and the protracted Japan-South Korea dispute.」
We have reconfirmed uncertainty in economic and global conditions arising from natural disasters, consumer trends following the consumption tax increase, US-China trade issues, the Chinese economy, the UK's EU exit, and the Japan-South Korea dispute. - FY2020-Q2WorsenedAnnual report
「Meanwhile, the outlook for the global economy remained uncertain due to the impact of US-China trade issues, concerns over a slowdown in China's economy, the UK's EU exit issue, and the protracted Japan-South Korea dispute.」
In addition to the existing trade issues, the Chinese economy and geopolitical risks, we have specified the UK's EU exit issue and the Japan-South Korea dispute, which is expected to persist, as factors contributing to uncertainty. - FY2020-Q1RestatedAnnual report
「Overseas, uncertainty in the global economy continued due in part to the effects of prolonged US-China trade friction, concerns over a slowdown in the Chinese economy, and heightened geopolitical risks in the Middle East and on the Korean Peninsula, leaving the outlook uncertain.」
We have reconfirmed uncertainty in overseas economies arising from US-China trade friction, concerns over a slowdown in China's economy, and geopolitical risks in the Middle East and on the Korean Peninsula. - FY2019WorsenedAnnual report
「Economic conditions, particularly in China, continued to slow and weaken.」
We explain that overseas economies, particularly China's economy, continue to slow and weaken, specifying the sources of uncertainty in overseas economies. - FY2019-Q3RestatedAnnual report
「The outlook remained uncertain due to the impact of developments in trade issues on the global economy, uncertainty in overseas economies, and the impact of volatility in financial and capital markets, among other factors.」
We have reconfirmed uncertainty about the outlook arising from trade issues, uncertainty in overseas economies, and volatility in financial and capital markets. - FY2019-Q2WorsenedAnnual report
「The outlook remained uncertain due to the impact of record heavy rain, typhoons, earthquakes and other natural disasters in various regions on economic conditions, as well as increased downside risks to the global economy resulting from developments in US-China trade friction.」
We have newly specified natural disasters and increased downside risks to the global economy from US-China trade friction, strengthening uncertainty about the outlook. - FY2019-Q1RestatedAnnual report
「Meanwhile, the economic outlook overseas remained uncertain due to concerns over US trade policy, uncertainty arising from the political situation in Europe, and rising geopolitical risks in the Middle East and Asia.」
We have reconfirmed uncertainty in overseas economies arising from US trade policy, European politics, and geopolitical risks in the Middle East and Asia. - FY2018RestatedAnnual report
「Meanwhile, overseas economic conditions remained uncertain due to concerns over uncertainty arising from policies of the new US administration and the political situation in Europe, as well as geopolitical risks involving North Korea and the Middle East.」
We have reconfirmed uncertainty in overseas economies arising from US policies, the political situation in Europe, and geopolitical risks involving North Korea and the Middle East. - FY2018-Q3SoftenedAnnual report
「Although political turmoil in Europe and geopolitical risks in some regions remained sources of concern, overseas economies continued to expand, supported by the solid US economy, driven by improvements in manufacturing conditions and employment following policy changes, and by economic growth in emerging markets.」
While political turmoil in Europe and geopolitical risks remain, overseas economies are described as continuing to expand, supported by the US and emerging-market economies, limiting the positioning of these risks compared with the broad uncertainty described through the previous period. - FY2018-Q2RestatedAnnual report
「Meanwhile, overseas economies remained relatively firm in emerging markets, supported by solid domestic demand and increased exports to developed countries. However, the outlook remained uncertain because protectionist moves in developed countries such as the US and Europe and geopolitical risks had not been dispelled.」
While emerging-market economies were shown to be relatively resilient, uncertainty from protectionist moves in developed countries and geopolitical risks continued. - FY2018-Q1SoftenedAnnual report
「Meanwhile, the US economy remained firm, partly due to expectations for government policies, and the European economy continued to recover. However, the outlook remained unclear due to developments in the economic and trade policies of individual countries and concerns over a slowdown in emerging-market economies, among other factors.」
A recovery in the US and European economies was indicated, representing a partial improvement from the previous description of difficult conditions centered on South Korea and Europe, while uncertainty, including concerns over a slowdown in emerging-market economies, continued. - FY2017WorsenedAnnual report
「Economic conditions remained uncertain in South Korea, which was affected by political instability and the poor performance of chaebol-affiliated companies, and in Europe, which faced geopolitical risks and non-performing loan problems.」
We have specified political instability and poor corporate performance in South Korea, as well as geopolitical risks and non-performing loan problems in Europe. - FY2017-Q3WorsenedAnnual report
「Meanwhile, concerns over a slowdown in the US economy receded, and signs of an economic recovery emerged in China. However, economic conditions remained uncertain in South Korea, where conditions became increasingly difficult due to the poor performance of chaebol-affiliated companies, among other factors, and in Europe, where debt problems persisted.」
We explain that, while signs of improvement have emerged in the US and China, conditions have become increasingly difficult in South Korea and economic conditions in Europe remain uncertain. - FY2017-Q2WorsenedAnnual report
「The outlook remained unclear due to significant foreign-exchange volatility following the UK's exit from the EU and concerns over a slowdown in the EU economy, among other factors.」
We have added specific uncertainties, namely significant foreign-exchange volatility accompanying the UK's exit from the EU and concerns over a slowdown in the EU economy. - FY2017-Q1First statedAnnual report
「Uncertainty increased due to the risk of economic downturns in emerging Asian and resource-rich countries, and the outlook remained unclear.」
We identify the risk of an economic downturn overseas and uncertainty about the outlook as external risks.