Geopolitical risk
First written in FY2016-Q3. 14 of 28 entries say "Restated". Latest entry: FY2026.
Rakumachi moved to the "Worse" side of this theme in 2022, 2 years after the typical company in this theme (2020).
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
76 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In addition, due to the impact of developments in U.S. tariff policy, fluctuations in foreign-exchange rates and unstable international conditions, the outlook for the economy remains uncertain.」
In addition to the previously identified international affairs risks, the disclosure specifically identifies US tariff policy and foreign exchange fluctuations as factors contributing to uncertainty about the outlook. - FY2026-H1RestatedAnnual report
「The outlook for the economy remains uncertain due to factors including exchange-rate volatility and higher energy prices arising from unstable international conditions.」
External-environment risks, including unstable international conditions, continue to be cited as factors contributing to the uncertain economic outlook. - FY2025-H1RestatedAnnual report
「The outlook for the economy remains uncertain due to factors including exchange-rate volatility and higher energy prices arising from unstable international conditions.」
External-environment risks, including unstable international conditions, continue to be cited as factors contributing to the uncertain economic outlook. - FY2024WorsenedAnnual report
「The outlook remains uncertain due to numerous concerns, including high prices resulting from higher resource and energy prices and prolonged instability in Ukraine and Israel.」
In addition to the previously cited situation in Ukraine, instability in Israel and high prices resulting from higher resource and energy prices are cited as external risks. - FY2024-Q3RestatedAnnual report
「The outlook remains uncertain due to factors including higher energy and raw material prices associated with the prolonged Russian invasion of Ukraine and further price increases resulting from the weaker yen.」
The prolonged invasion of Ukraine, higher energy and raw material prices, and price increases resulting from the weaker yen continue to be cited as uncertain external-environment factors. - FY2024-Q1RestatedAnnual report
「Although the global economy is expected to remain in a difficult situation due to the prolonged situation in Ukraine, financial instability, and higher material and energy prices,」
The prolonged situation in Ukraine, financial instability, and higher material and energy prices continue to be cited as factors contributing to uncertainty in the global economy. - FY2023WorsenedAnnual report
「However, the outlook remains uncertain due to numerous concerns, including the weaker yen, high prices, the prolonged situation in Ukraine, and growing financial instability overseas.」
In addition to the previously cited situation in Ukraine and rising prices, growing financial instability overseas is cited as a new concern. - FY2023-Q3WorsenedAnnual report
「The outlook remains uncertain due to factors including higher energy and raw material prices associated with the prolonged Russian invasion of Ukraine and further price increases resulting from the weaker yen.」
In addition to the prolonged invasion of Ukraine, higher energy and raw material prices and price increases resulting from the weaker yen are cited as specific external risks. - FY2023-Q2WorsenedAnnual report
「The outlook is uncertain due to factors including downside risks to overseas economies against a backdrop of global monetary tightening and higher energy prices associated with the prolonged Russian invasion of Ukraine.」
In addition to the previously cited escalating tensions surrounding Ukraine, the prolonged invasion, higher energy prices, downside risks to overseas economies, and global monetary tightening are specifically cited. - FY2023-Q1RestatedAnnual report
「In addition, the outlook remains uncertain due to factors including escalating tensions surrounding Ukraine and the rapid depreciation of the yen.」
Uncertain external-environment factors, including escalating tensions surrounding Ukraine, continue to be cited. - FY2022MaterialisedAnnual report
「In addition, the outlook remains uncertain due to factors including escalating tensions surrounding Ukraine and the rapid depreciation of the yen.」
The specific external event of escalating tensions surrounding Ukraine is cited as a factor contributing to the uncertain economic outlook. - FY2022-Q3MaterialisedAnnual report
「The outlook for the domestic and global economies remains uncertain due to factors including variant strains and social instability in Russia and Ukraine.」
The specific external event of social instability in Russia and Ukraine is cited as a factor contributing to the uncertain economic outlook. - FY2020DroppedAnnual reportThis annual securities report contains no explicit reference to geopolitical risks.
- FY2020-Q1RestatedAnnual report
「Conflict arising from trade friction between the United States and China and the resulting concern about the global economy have begun to negatively affect the performance of companies, particularly in the manufacturing sector.」
U.S.-China trade friction and concern about the global economy continue to be cited as external-environment risks. - FY2019RestatedAnnual report
「During the fiscal year, the Japanese economy gradually recovered in terms of corporate earnings and employment conditions as a result of the government's and the Bank of Japan's economic and monetary policies, but the outlook remained uncertain due to U.S. economic and foreign policies and economic slowdown in China and emerging economies.」
Overseas factors, including U.S. economic and foreign policy, continue to be cited as factors contributing to the uncertain outlook. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter, the Japanese economy was gradually recovering in terms of corporate earnings and employment conditions as a result of the government's and the Bank of Japan's economic and monetary policies, but the outlook remained uncertain due to the impact of U.S. economic and foreign policies and geopolitical risks in East Asia.」
U.S. economic and foreign policy and geopolitical risks in East Asia continue to be cited as factors contributing to the uncertain outlook. - FY2019-Q1MaterialisedAnnual report
「On the other hand, the outlook is uncertain due to escalating conflict arising from trade friction between the United States and China and the resulting concern about the global economy.」
The specific external events of trade friction and escalating conflict between the United States and China are cited as factors contributing to concern about the global economy and the uncertain outlook. - FY2018RestatedAnnual report
「The outlook remained uncertain due to U.S. economic and foreign policy and an economic slowdown in China and emerging markets.」
Geopolitical and overseas policy factors, including U.S. policy, continue to be cited as factors contributing to the uncertain outlook. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter, the Japanese economy was gradually recovering in terms of corporate earnings and employment conditions as a result of the government's and the Bank of Japan's economic and monetary policies, but the outlook remained uncertain due to geopolitical risks in East Asia and the impact of monetary policies in Europe and the United States.」
Geopolitical risks in East Asia continue to be cited as factors contributing to the uncertain outlook. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter, the Japanese economy was gradually recovering in terms of corporate earnings and employment conditions as a result of the government's and the Bank of Japan's economic and monetary policies, but the outlook remained uncertain due to the impact of geopolitical risks in East Asia and signs of economic slowdown in China and emerging economies.」
Geopolitical risks in East Asia continue to be cited as factors contributing to the uncertain outlook. - FY2017RestatedAnnual report
「The outlook remained uncertain due to the United Kingdom's withdrawal from the EU, U.S. economic and foreign policy, and an economic slowdown in China and emerging markets.」
The United Kingdom's withdrawal from the EU, U.S. policy, and an economic slowdown in China and emerging markets continue to be cited as external risks. - FY2017-Q3RestatedAnnual report
「The outlook is uncertain due to the impact of U.S. economic and foreign policy and geopolitical risks in East Asia.」
With regard to geopolitical risks, risks in East Asia continue to be cited as factors contributing to the uncertain outlook. - FY2017-Q2RestatedAnnual report
「The outlook is uncertain due to the impact of U.S. economic policy and perceptions of an economic slowdown in China and emerging markets, among other factors.」
External factors, including U.S. economic policy, are cited as factors contributing to the uncertain outlook in place of the previous quarter's reference to the U.S. presidential election. - FY2017-Q1MaterialisedAnnual report
「The outlook is uncertain due to the impact of the U.S. presidential election and perceptions of an economic slowdown in China and emerging markets, among other factors.」
The specific political event of the U.S. presidential election is cited as a factor contributing to the uncertain outlook. - FY2016MaterialisedAnnual report
「The outlook remained uncertain due to the UK's decision to leave the EU, economic slowdown in China and emerging economies, and signs of a slowdown in inbound demand.」
The specific political and geopolitical event of the United Kingdom's decision to leave the EU is cited. - FY2016-Q3First statedAnnual report
「Although downside risks to the economies of China and emerging markets, as well as geopolitical risks, remain」
Geopolitical risks are cited as external-environment risks.