Caution Regarding Yen Appreciation, Stock Price Fluctuations, and Financial and Capital Market Volatility
First written in FY2017-Q1. 17 of 29 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2022: 124 of 167 companies on the "Worse" side.
- FY2027-H1RestatedAnnual report
「Meanwhile, circumstances requiring continued monitoring remain, including developments in the Middle East, natural disasters and fluctuations in financial and capital markets.」
The company continues to monitor external conditions, including developments in the Middle East, natural disasters and fluctuations in financial and capital markets. - FY2026-H1WorsenedAnnual report
「At the same time, the impact of US trade policy, concerns about the outlook for the Chinese economy, and developments in the Middle East, among other factors, have also created downside risks for overseas economies, and the situation remains one that requires close attention going forward.」
The impact of US trade policy was explicitly identified as a downside factor for overseas economies. Continued attention is also being paid to concerns about the outlook for the Chinese economy and the situation in the Middle East. - FY2025WorsenedAnnual report
「At the same time, downside risks for overseas economies arising from the impact of continued high interest rates in Europe and the United States and concerns about the outlook for the Chinese economy, as well as future US policy developments, including trade policy, and developments in the Middle East, mean that the situation remains one that requires close attention going forward.」
In addition to the existing concerns over high interest rates in Europe and the United States, the Chinese economy, and the situation in the Middle East, future US policy developments, including trade policy, were explicitly identified as downside factors for overseas economies. - FY2025-H1RestatedAnnual report
「At the same time, the impact of continued high interest rates in Europe and the United States, concerns about the outlook for the Chinese economy, and developments in the Middle East, among other factors, have also created downside risks for overseas economies, and the situation remains one that requires close attention going forward.」
Continued high interest rates in Europe and the United States, concerns about the outlook for the Chinese economy, and the situation in the Middle East are explicitly identified as downside factors for overseas economies. - FY2025-Q1WorsenedAnnual report
「The outlook continued to require close attention due to the downside effects on overseas economies of global monetary tightening, concerns about the outlook for the Chinese economy and developments in the Middle East, among other factors.」
In addition to the existing uncertainty in overseas economies, the downside effects on overseas economies of global monetary tightening, concerns about the outlook for the Chinese economy and the situation in the Middle East were explicitly identified. - FY2024-Q2RestatedAnnual report
「During the first half of the fiscal year, activity restrictions related to COVID-19 were lifted and signs of a recovery emerged, but the outlook remained uncertain due to higher energy prices resulting from the prolonged situation in Ukraine, higher prices caused by yen depreciation and global supply chain disruptions.」
While recognizing the recovery following the lifting of activity restrictions, the company continued to disclose uncertainty due to the situation in Ukraine, higher energy prices, yen depreciation, higher prices and supply chain disruptions. - FY2024-Q1WorsenedAnnual report
「During the first quarter of the fiscal year, activity restrictions related to COVID-19 were lifted and signs of a recovery emerged, but the outlook remained uncertain due to higher energy prices resulting from the prolonged situation in Ukraine, higher prices caused by yen depreciation and global supply chain disruptions.」
While recognizing the recovery following the lifting of activity restrictions, the prolonged situation in Ukraine, higher energy prices, yen depreciation, higher prices and global supply chain disruptions were explicitly identified as uncertain factors. - FY2023-Q2WorsenedAnnual report
「The outlook remained uncertain due to rising inflationary pressure against the backdrop of higher energy prices resulting from the situation in Ukraine, rapid interest rate increases and the ongoing depreciation of the yen.」
In addition to the existing concerns regarding the situation in Ukraine, higher energy prices and inflationary pressure, rapid interest rate increases and the ongoing depreciation of the yen were explicitly identified as uncertain factors in the external environment. - FY2023-Q1WorsenedAnnual report
「Although restrictions on activity were eased as COVID-19 vaccinations progressed and various policies took effect, concerns about an economic slowdown intensified due to rising inflationary pressure against the backdrop of higher energy prices resulting from the situation in Ukraine, and the outlook remained uncertain.」
In addition to the existing uncertainty due to COVID-19 and other factors, the situation in Ukraine, higher energy prices, inflationary pressure and concerns about an economic slowdown were explicitly identified as uncertain factors in the external environment. - FY2022RestatedAnnual report
「Although signs of a recovery emerged as COVID-19 vaccinations progressed and various policies took effect, concerns about the spread of new variants persisted, and the outlook remained uncertain.」
While recognizing the recovery in economic activity, the company continued to disclose uncertainty about the outlook due to new variants. - FY2022-Q3WorsenedAnnual report
「The number of new infections declined as COVID-19 vaccinations progressed, and various policies supported the resumption of economic activity, including the lifting of the state of emergency at the end of September 2021. However, concerns about the spread of new variants persisted, and the outlook remained uncertain.」
While there were signs of economic activity resuming following the lifting of the state of emergency, concerns about the spread of new variants were added as an uncertain factor in the external environment. - FY2022-Q1RestatedAnnual report
「During the first quarter of the fiscal year, the spread of COVID-19 led to repeated declarations of a state of emergency and the application of priority preventive measures from January 2021 onward, restricting economic activity and leaving the economic outlook uncertain. Overseas as well, restrictions on economic activity remained severe, with lockdowns and movement restrictions implemented in some countries.」
Restrictions on economic activity and uncertainty about the economic outlook due to COVID-19, the state of emergency and lockdowns overseas continued to be disclosed. - FY2021RestatedAnnual report
「Even after the state of emergency declared in April of the previous year was lifted, the number of COVID-19 patients increased again, and a second state of emergency was declared in January of the current year, leaving the economic outlook uncertain.」
Attention to an economic downturn and deterioration in private consumption and employment associated with the resurgence of COVID-19 and the state of emergency continued. - FY2021-Q3RestatedAnnual report
「Even after the state of emergency was lifted, the number of COVID-19 patients increased again, and the outlook for the economy remained uncertain due to risks of an economic downturn and deterioration in private consumption and employment.」
Attention to an economic downturn and deterioration in private consumption and employment associated with the resurgence of COVID-19 continued. - FY2020WorsenedAnnual report
「During the fiscal year, the Japanese economy remained on a gradual recovery trend as corporate earnings and employment and income conditions continued to improve, but the outlook remained uncertain due to unstable international conditions, including US-China trade tensions and political risks in Europe. In addition, the global spread of COVID-19 from the beginning of the year created continued uncertainty about economic activity in Japan and overseas.」
In addition to US-China trade tensions and political risks in Europe, the global spread of COVID-19 from the beginning of the year was explicitly identified as an uncertain factor in the external environment. - FY2020-Q3RestatedAnnual report
「During the first 3 quarters of the fiscal year, the Japanese economy remained on a gradual recovery trend as corporate earnings and employment and income conditions continued to improve, but the outlook remained uncertain due to unstable international conditions, including US-China trade tensions and political risks in Europe.」
Uncertainty about the outlook due to unstable international conditions, including US-China trade tensions and political risks in Europe, continued to be disclosed. - FY2020-Q2WorsenedAnnual report
「During the first half of the fiscal year, the Japanese economy was supported by solid corporate earnings, but the outlook remained uncertain amid concerns about the effects of escalating US-China trade tensions and political risks in Europe.」
In addition to the existing attention to uncertainty in overseas economies and geopolitical risks, escalating US-China trade tensions and political risks in Europe were explicitly identified. - FY2019RestatedAnnual report
「During the fiscal year, the Japanese economy remained on a generally gradual recovery trend overall, but the outlook remained uncertain due in part to unstable international conditions.」
Uncertainty about the outlook against the backdrop of unstable international conditions continued to be identified as a matter requiring attention in the external environment. - FY2019-Q3RestatedAnnual report
「During the first 3 quarters of the fiscal year, the Japanese economy remained on a generally gradual recovery trend, but the outlook remained uncertain due to concerns about geopolitical risks overseas.」
Concerns about geopolitical risks overseas and the resulting uncertainty about the outlook continued to be identified as matters requiring attention in the external environment. - FY2019-Q2WorsenedAnnual report
「During the first half of the fiscal year, the Japanese economy remained on a gradual recovery trend as employment and income conditions continued to improve, but the outlook remained uncertain amid concerns about increasing geopolitical risks overseas.」
In addition to the existing attention to uncertainty in overseas economies, increasing geopolitical risks overseas were explicitly identified as a concern. - FY2019-Q1RestatedAnnual report
「During the first quarter of the fiscal year, the Japanese economy remained on a generally gradual recovery trend overall, partly owing to the effects of government economic measures, but the outlook remained uncertain due in part to unstable international conditions.」
Uncertainty about the outlook due to unstable international conditions and other factors continued. No new risks or significant changes were reported regarding business and other risks. - FY2018RestatedAnnual report
「During the fiscal year, the Japanese economy remained on a gradual recovery trend overall, partly owing to the effects of government economic measures, although conditions overseas continued to require attention to the effects of increasing economic uncertainty and volatility in financial and capital markets.」
Attention to uncertainty in overseas economies and volatility in financial and capital markets continued. - FY2018-Q3RestatedAnnual report
「During the first 3 quarters of the fiscal year, the Japanese economy remained on a generally gradual recovery trend, partly owing to the effects of government economic measures, but the outlook remained uncertain due in part to unstable international conditions.」
Uncertainty about the outlook due to unstable international conditions and other factors continued. No significant changes were reported regarding business and other risks. - FY2018-Q2RestatedAnnual report
「During the first half of the fiscal year, the Japanese economy remained on a generally gradual recovery trend, partly owing to the effects of government economic measures, but the outlook remained uncertain due in part to unstable international conditions.」
Uncertainty about the outlook due to unstable international conditions continued. No new risks or significant changes were reported regarding business and other risks. - FY2018-Q1RestatedAnnual report
「During the first quarter of the fiscal year, the Japanese economy remained on a generally gradual recovery trend, supported by continued improvement in employment and income conditions and the effects of various policies, but conditions continued to require attention to the effects of increasing uncertainty in overseas economies and volatility in financial and capital markets.」
Attention to uncertainty in overseas economies and volatility in financial and capital markets continued. No significant changes were reported regarding business and other risks. - FY2017RestatedAnnual report
「During the fiscal year, the Japanese economy remained on a gradual recovery trend overall, partly owing to the effects of government economic measures, although conditions overseas continued to require attention to the effects of increasing economic uncertainty and volatility in financial and capital markets.」
Attention to uncertainty in overseas economies and volatility in financial and capital markets continued. - FY2017-Q3RestatedAnnual report
「Overseas, conditions continued to require attention to the effects of increasing uncertainty in the economy and volatility in financial and capital markets.」
Attention to increasing uncertainty in overseas economies and volatility in financial and capital markets continued. - FY2017-Q2WorsenedAnnual report
「Overseas, economic conditions in emerging Asian economies, including China, and resource-rich countries remained uncertain, while increasing uncertainty in overseas economies, including the issue of the UK’s withdrawal from the EU, and volatility in financial and capital markets required attention.」
Against the backdrop of issues including the UK’s withdrawal from the EU, increasing uncertainty in overseas economies was newly identified, while attention to volatility in financial and capital markets continued. - FY2017-Q1First statedAnnual report
「During the first quarter of the fiscal year, the Japanese economy showed signs of a gradual recovery in corporate performance and employment conditions, despite a trend toward yen appreciation and unstable share price movements.」
The business performance discussion notes the trend toward yen appreciation, unstable share price movements and volatility in financial and capital markets. Meanwhile, the business and other risks section states that there are no new risks or significant changes.