External environmental risks, including resource prices, geopolitics and the slowdown in China’s economy
First written in FY2016. 20 of 33 entries say "Restated". Latest entry: 2026-11-12.
Miura moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2022: 157 of 184 companies on the "Worse" side.
75 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「During the current consolidated fiscal year, Japan’s economy maintained a moderate recovery trend, but uncertainty about the outlook continued due to the impact of geopolitical risks and rising prices.」
The Group continues to recognize uncertainty about the outlook arising from rising prices, geopolitical risks and trade policy as external environmental risks. - 2026-05-14RestatedResults
「人件費やエネルギー価格の上昇に伴う原材料コスト・物流コストなどの増加による影響が見込まれます」
次期の事業環境について、人件費・エネルギー価格上昇に伴う原材料・物流コスト増加の影響を示した。 - FY2026-H1RestatedAnnual report
「During the current interim consolidated fiscal period, Japan’s economy continued to recover moderately, but uncertainty about the outlook remained due to high prices, geopolitical risks and changes in trade policy.」
The Group continues to recognize uncertainty about the outlook arising from high prices, geopolitical risks and changes in trade policy as external environmental risks. - FY2024RestatedAnnual report
「Energy, raw material and logistics prices continue to rise and geopolitical risks persist, leaving uncertainty about the outlook elevated.」
The Group continues to recognize uncertainty in the external environment arising from rising energy, raw material and logistics prices and geopolitical risks. - FY2024-Q3RestatedAnnual report
「Meanwhile, energy, raw material and logistics prices continue to rise and geopolitical risks persist, leaving uncertainty about the outlook elevated.」
The Group continues to recognize uncertainty about the outlook arising from rising energy, raw material and logistics prices and geopolitical risks. - FY2024-Q2RestatedAnnual report
「Meanwhile, uncertainty about the outlook remains due to rising energy, raw material and logistics costs, semiconductor shortages and geopolitical risks.」
The Group continues to recognize uncertainty about the outlook arising from rising energy, raw material and logistics prices, semiconductor shortages and geopolitical risks. - FY2024-Q1RestatedAnnual report
「Meanwhile, energy, raw material and logistics costs continue to rise, and semiconductor shortages and geopolitical risks persist, leaving economic uncertainty about the outlook elevated.」
The Group reiterates its recognition that rising energy, raw material and logistics prices, semiconductor shortages and geopolitical risks continue to create uncertainty about the economic outlook. - FY2023-Q3WorsenedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the impact of COVID-19 on business activities became limited in Japan, but energy and raw material prices continued to rise, and semiconductor shortages and geopolitical issues persisted. Uncertainty about the outlook therefore remains elevated.」
In addition to existing increases in raw material prices, semiconductor shortages and geopolitical issues, the Group explicitly identifies rising energy prices as a source of uncertainty in the external environment. - FY2023-Q2RestatedAnnual report
「However, rising raw material prices, semiconductor shortages and geopolitical issues continue, and uncertainty about the outlook remains elevated.」
The Group explains that rising raw material prices, semiconductor shortages and geopolitical issues continue, as does uncertainty about the outlook. - FY2023-Q1WorsenedAnnual report
「However, uncertainty about the outlook remains elevated due to the impact of the Shanghai lockdown in China on supply chains, rising raw material prices, semiconductor shortages and geopolitical issues.」
In addition to existing infectious diseases and geopolitical risks, the Group identifies the impact of the Shanghai lockdown on supply chains, rising raw material prices and semiconductor shortages as specific sources of uncertainty in the external environment. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year (1 April 2021 to 31 December 2021), Japan’s economy continued to face uncertainty about the outlook because COVID-19 had not yet subsided in Japan or overseas.」
The Group explains that COVID-19 has not subsided in Japan or overseas and that uncertainty about the economic outlook continues. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year (1 April 2021 to 30 September 2021), Japan’s economy continued to face uncertainty about the outlook because COVID-19 had not yet subsided.」
The Group explains that COVID-19 has not subsided and that uncertainty about the outlook for the domestic economy continues. - FY2022-Q1RestatedAnnual report
「Although vaccination is expected to offer signs of improvement in the impact of COVID-19, the pandemic has not yet subsided, and uncertainty about the outlook continues.」
While recognizing signs of improvement from vaccination, the Group explains that COVID-19 has not subsided and that uncertainty about the outlook continues. - FY2021RestatedAnnual report
「During the current consolidated fiscal year, Japan’s economy continued to face elevated uncertainty about the outlook due to the economic impact of the spread of COVID-19 in Japan and overseas.」
The Group continues to note the economic impact of the spread of COVID-19 in Japan and overseas and uncertainty about the outlook. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year (1 April 2020 to 31 December 2020), Japan’s economy experienced a significant downturn due to the spread of COVID-19 in Japan and overseas, and uncertainty about the outlook continued to increase.」
The Group explains that the spread of COVID-19 in Japan and overseas caused a significant economic downturn and that uncertainty about the outlook continues to increase. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year (1 April 2020 to 30 September 2020), Japan’s economy continued to face elevated uncertainty about the outlook due to the impact of COVID-19 in Japan and overseas and torrential rain disasters.」
The Group continues to note the impact of COVID-19 and torrential rain disasters on economic conditions in Japan and overseas, as well as increasing uncertainty about the outlook. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year (1 April 2020 to 30 June 2020), Japan’s economy continued to face elevated uncertainty about the outlook due to the issuance and lifting of the state of emergency related to COVID-19, concerns about a second wave, torrential rain disasters and the impact of COVID-19 overseas.」
The Group cites the state of emergency, concerns about a second wave, torrential rain disasters and the spread of infections overseas, and explains that uncertainty about the external environment continues to increase. - FY2020WorsenedAnnual report
「During the current consolidated fiscal year, Japan’s economy continued to face elevated uncertainty about the outlook due to the impact on the global economy of the spread of the novel coronavirus, in addition to the consumption tax increase and prolonged US-China trade friction.」
In addition to existing US-China trade friction and geopolitical factors, the Group cites the impact on the global economy of the spread of the novel coronavirus and notes that uncertainty in the external environment continues to increase. - FY2020-Q3WorsenedAnnual report
「Overseas, uncertainty about the outlook remains elevated due to increasing instability in the Middle East and the spread of the novel coronavirus.」
In addition to existing US-China trade friction and geopolitical risks, the Group cites the spread of the novel coronavirus as a source of uncertainty in the external environment. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan’s economy showed signs of caution in capital investment demand in the manufacturing sector due partly to US-China trade friction and the slowdown in China’s economy. Overseas, uncertainty about the outlook remains elevated, including due to the prolonged US-China trade friction.」
The Group continues to recognize the prolongation of US-China trade friction, the slowdown in China’s economy and growing caution in capital investment demand in the manufacturing sector as sources of uncertainty in the external environment. - FY2020-Q1WorsenedAnnual report
「Although the US economy remained firm, uncertainty about the overseas outlook remains elevated due to intensifying US-China trade friction and rising tensions in the Middle East.」
In addition to intensifying US-China trade friction, the Group cites rising tensions in the Middle East and explains that uncertainty about the overseas outlook continues to increase. - FY2019-Q3WorsenedAnnual report
「Overseas, the US economy remained firm, but uncertainty about the outlook is increasing as intensifying US-China trade friction has begun to affect the global economy.」
The Group explains that, in addition to existing protectionism and geopolitical risks, intensifying US-China trade friction has begun to affect the global economy, increasing uncertainty about the outlook. - FY2019-Q2WorsenedAnnual report
「However, uncertainty about the outlook is increasing, as the spread of protectionist sentiment in various countries and intensifying US-China trade friction could weigh on the global economy.」
In addition to existing geopolitical and political and economic uncertainty, the Group cites the spread of protectionism and intensifying US-China trade friction as factors contributing to rising uncertainty about the outlook. - FY2019-Q1WorsenedAnnual report
「However, uncertainty about the outlook remains elevated due to the spread of protectionist sentiment in various countries and geopolitical risks.」
The Group describes rising uncertainty about the outlook due to the spread of protectionist sentiment in various countries and geopolitical risks. - FY2018-Q3RestatedAnnual report
「Overseas operations remained generally firm, supported by steady economic conditions in the United States and a recovery in China, despite continued uncertainty about the outlook due to US policy developments, economic trends in Asian countries and rising geopolitical risks.」
While recognizing the strength of the US and Chinese economies and China’s recovery, the Group continues to note uncertainty about the outlook arising from policy developments and geopolitical risks. - FY2018-Q2MitigatedAnnual report
「Although geopolitical risks remain, overseas economies generally continued to recover moderately, supported by steady economic conditions in the United States and a recovery in China and emerging-market economies.」
The Group describes a generally moderate recovery in overseas economies, supported by steady economic conditions in the United States and a recovery in China and emerging-market economies, although geopolitical risks remain. - FY2018-Q1WorsenedAnnual report
「Overseas conditions became uncertain due to political risks in the United States and Europe and rising geopolitical risks in Asia.」
The Group notes rising geopolitical risks in Asia in addition to political risks in the United States and Europe as external risks affecting overseas operations. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan’s economy was unstable, with exchange rates fluctuating sharply following the US presidential election, but expanded moderately as capital investment and other areas remained firm. Overseas, the Chinese economy and crude oil prices recovered moderately, but economic and energy conditions remained uncertain due to the UK’s withdrawal from the EU and developments involving the US president.」
The Group continues to recognize uncertainty in the domestic and overseas external environment, including sharp exchange rate movements, the UK’s withdrawal from the EU and US political developments. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan’s economy remained without a clear sense of recovery because the yen’s appreciation against the US dollar did not improve despite the continuation of the negative interest rate policy. Overseas, economic and political conditions became unstable due to uncertainty surrounding the UK’s decision to leave the EU and the outlook for the US presidential election.」
The Group continues to recognize instability in domestic and overseas economic and political conditions, including the stronger yen against the US dollar, the UK’s withdrawal from the EU and the US presidential election, as sources of uncertainty in the external environment. - FY2017-Q1RestatedAnnual report
「In Japan, uncertainty about the economic outlook continued as the yen appreciated from the beginning of the year. Overseas, uncertainty also continued due to concerns about future political arrangements in the United States and Europe and increasing instability in the Middle East.」
The Group continues to recognize an uncertain external environment in Japan and overseas, including the stronger yen, political uncertainty in the United States and Europe, and increasing instability in the Middle East. - FY2016First statedAnnual report
「Overseas conditions have become increasingly unstable due to lower prices for resources, including crude oil, geopolitical risks involving North Korea and the extremist organization IS, and the slowdown in China’s economy.」
The Group recognizes increasing instability in the macroeconomic environment underpinning its overseas business.