Global Economic Uncertainty and Financial Market Volatility Arising from Brexit
First written in FY2016-Q3. 15 of 31 entries say "Worsened", first in FY2019-Q1. Latest entry: FY2025.
Abist moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 15 of 18 companies on the "Worse" side.
7 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「During the fiscal year under review, some regions experienced stagnation due to the impact of trade policies. The effects of a backlash from front-loaded demand following tariff increases have also emerged, and attention must be paid to downside risks to the economy and volatility in financial and capital markets resulting from future U.S. policy developments.」
Instead of the previous focus on monitoring U.S. trade policy and China's economy, the document describes stagnation in some regions caused by trade policies, the backlash following tariff increases and downside economic risks as actual conditions in the economic environment. - FY2025-H1Monitoring of U.S. trade policy, China's stagnation and high interest ratesAnnual report
「During the interim accounting period under review, the global economy was recovering except in some areas, and the recovery is expected to continue. At the same time, the impact of high interest rates in Europe and the United States on volatility in financial and capital markets, stagnation in China's economy and policy developments including U.S. trade policy must be monitored closely.」
While expressing expectations for a recovery in the global economy, the document identifies high interest rates, stagnation in China's economy and U.S. trade policy as specific factors to monitor amid the previously cited uncertainty in financial markets and China's economy. - FY2024-Q1Noto Peninsula earthquake and shift in monetary policy in Europe and the United States addedAnnual report
「During the cumulative first quarter under review, the global economy showed signs of recovery, but caution remained necessary regarding the outlook due to geopolitical risks in the Middle East and Ukraine, concerns over a slowdown in China's economy and shifts in monetary policy in Europe and the United States.」
In addition to the situations in the Middle East and Ukraine and concerns over a slowdown in China's economy, shifts in monetary policy in Europe and the United States are cited as factors requiring attention in the external environment. For the domestic economy, the document also notes the need to monitor the Noto Peninsula earthquake, rising prices and volatility in financial and capital markets. - FY2023WorsenedAnnual report
「During the fiscal year under review, although there were signs that the global economy had temporarily regained stability, uncertainty about the outlook continued due to geopolitical risks in the Middle East and Ukraine, concerns over a slowdown in China's economy, persistently high inflation and continued global monetary tightening.」
In addition to the previously identified situation in Ukraine, inflation and monetary tightening, the document explicitly identifies the situation in the Middle East and concerns over a slowdown in China's economy, continuing and expanding the factors contributing to uncertainty in the global economy. - FY2023-Q3WorsenedAnnual report
「During the cumulative third quarter under review, although there were signs that the global economy had temporarily regained stability, uncertainty about the outlook continued due to geopolitical risks including the situation in Ukraine, persistently high inflation and disruption in the financial sector accompanying rapid policy-rate increases.」
In addition to the situation in Ukraine, inflation and monetary tightening, the document explicitly identifies disruption in the financial sector accompanying rapid policy-rate increases, stating that uncertainty in the global economy continues. - FY2023-Q2WorsenedAnnual report
「During the cumulative second quarter under review, although there were signs that the global economy had temporarily regained stability, uncertainty about the outlook increased due to geopolitical risks including the situation in Ukraine, persistently high inflation and disruption in the financial sector accompanying rapid policy-rate increases.」
In addition to the previously identified situation in Ukraine, resource prices, inflation and monetary tightening, the document explicitly identifies disruption in the financial sector accompanying rapid policy-rate increases, stating that uncertainty in the global economy has increased. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter under review, inflation continued as resource prices rose due to the prolonged situation in Ukraine and the effects of monetary tightening, particularly in Europe and the United States, while economic growth slowed. The likelihood of a further economic slowdown has increased due to the difficulty of foreseeing an end to the situation in Ukraine, continued monetary tightening and growing concerns over a slowdown in China's economy.」
In addition to the situation in Ukraine, rising resource prices, monetary tightening and inflation, the document cites concerns over a slowdown in China's economy and has shifted to state that the likelihood of a further economic slowdown has increased. - FY2022WorsenedAnnual report
「During the consolidated fiscal year under review, the global economy continued to face an uncertain outlook despite progress toward balancing measures to prevent the spread of COVID-19 with economic activity. Factors included higher resource prices due to the prolonged situation in Ukraine, policy-rate hikes accompanying accelerating inflation in Europe and the United States, and the impact of restrictions on economic activity in China.」
In addition to the pandemic, the document cites the prolonged situation in Ukraine, soaring resource prices, inflation and rate hikes in Europe and the United States, and restrictions on economic activity in China, continuing to identify factors contributing to uncertainty in the global economy. - FY2022-Q3WorsenedAnnual report
「In addition to supply-chain risks such as semiconductor shortages and sharp increases in energy and resource prices, the prolonged situation in Ukraine, increased inflationary pressure resulting from restrictions on economic activity in China, and supply constraints have increased uncertainty about the outlook.」
In addition to the previously identified semiconductor shortages, surging energy prices and the situation in Ukraine, the document explicitly identifies the prolonged situation, restrictions on economic activity in China, inflationary pressure and supply constraints, stating that uncertainty in the global economy has increased. - FY2022-Q2WorsenedAnnual report
「During the cumulative second quarter under review, uncertainty is expected to continue in the global economy amid the prolonged impact of COVID-19, supply-chain risks including the global semiconductor shortage and sharp increases in energy and resource prices, geopolitical risks such as the situation in Ukraine, and growing concerns over inflation. Developments must continue to be monitored closely.」
In addition to the previously identified pandemic, semiconductor shortages and energy prices, the document explicitly identifies geopolitical risks such as the situation in Ukraine and concerns over inflation, indicating an expansion of factors contributing to uncertainty in the global economy. - FY2022-Q1WorsenedAnnual report
「During the cumulative first quarter under review, the global economy's recovery stalled amid rising infections due in part to the spread of COVID-19 variants. Energy price increases and supply disruptions have caused severe, broader-than-expected inflation.」
In addition to the previous uncertainty from variants and the spread of infection, the document explicitly identifies the stalled economic recovery, rising energy prices, supply disruptions and broad-based inflation, expanding the scope of risks to the global economy. - FY2021WorsenedAnnual report
「During the consolidated fiscal year under review, the global economy continued to recover moderately, partly on expectations that vaccines would bring the COVID-19 pandemic under control. However, disparities in economic conditions worldwide have become increasingly divided and deeper than expected. The outlook remains highly uncertain due to threats including virus variants, while widening global disparities, driven mainly by access to vaccines and the speed of policy support, could affect economic activity over the medium to long term.」
While maintaining expectations for a vaccine-driven recovery, the document explicitly identifies the deepening and widening economic divide and the threat of virus variants, indicating greater uncertainty in the global economy. - FY2021-Q3Growing disparities in access to vaccinesAnnual report
「During the cumulative third quarter under review, access to COVID-19 vaccines has emerged as a major fault line dividing the global economic recovery, and differences in the economic outlook among countries are widening. Although the outlook remains subject to exceptionally high uncertainty, a recovery in growth is projected due to vaccines and additional policy support in major countries.」
The description has shifted to state that disparities in access to vaccines, in addition to vaccination rates and concerns over variants, are dividing the global economic recovery and widening differences in the economic outlook among countries. Expectations for a recovery driven by vaccines and policy support remain unchanged. - FY2021-Q2Progress in vaccination coexists with concerns over variants and loss of lifeAnnual report
「During the cumulative second quarter under review, sentiment improved as vaccination rates against COVID-19 increased, but concerns remain regarding new virus variants and further loss of life. Although the outlook remains subject to exceptionally high uncertainty, a recovery in growth is projected due to vaccines and additional policy support in major countries.」
The document indicates that rising vaccination rates are improving economic sentiment and raising hopes for a recovery in growth, while continuing to cite concerns over new variants, loss of life and exceptionally high uncertainty. - FY2021-Q1Vaccine hopes coexist with concerns over variants and reinfectionAnnual report
「During the cumulative first quarter under review, hopes are growing that approval of a vaccine for COVID-19 will bring the pandemic under control in the second half of this year, but new waves of infection and new virus variants pose concerns for the outlook. Although the outlook remains subject to exceptionally high uncertainty, a recovery in growth is projected due to vaccines and additional policy support in major countries.」
Regarding COVID-19, expectations are expressed that vaccine approval will bring the pandemic under control in the second half of the year and support a recovery in growth, while uncertainty from new waves of infection and virus variants is also explicitly identified. - FY2020-Q3WorsenedAnnual report
「During the cumulative third quarter under review, the global economy continued to be affected by the COVID-19 pandemic, with widespread business closures and lockdowns becoming unavoidable and having a greater-than-expected negative impact on economic activity in the first half of 2020. The recovery is expected to be slower than previously forecast. The duration and severity of the pandemic remain highly uncertain, leaving the outlook unclear.」
Regarding the COVID-19 pandemic, the impact on economic activity is described as greater than expected, with the recovery also expected to be slower than previously forecast, indicating heightened recognition of risks in the external environment. - FY2020-Q2WorsenedAnnual report
「During the cumulative second quarter under review, the global economy has been severely affected by the COVID-19 pandemic, as widespread business closures became necessary to slow the spread of the virus. The duration and severity of the pandemic remain highly uncertain, leaving the outlook unclear.」
In addition to the previously identified U.S.-China trade issues and geopolitical risks, the document explicitly identifies the severe impact of the COVID-19 pandemic on economic activity and uncertainty regarding its duration and severity. - FY2020-Q1WorsenedAnnual report
「During the cumulative first quarter under review, economic growth in the global economy slowed under the impact of the prolonged U.S.-China trade negotiations. The outlook remains uncertain, with pronounced downside risks including heightened geopolitical tensions resulting from deteriorating U.S.-Iran relations and further deterioration in relations between the United States and its trading partners.」
In addition to the slowdown in economic growth resulting from the U.S.-China trade negotiations, the document states that downside risks from deteriorating U.S.-Iran relations and worsening relations between the United States and its trading partners are pronounced, reflecting heightened concerns over the external environment. - FY2019-Q3WorsenedAnnual report
「During the cumulative third quarter under review, economic growth in the global economy slowed under the impact of the prolonged U.S.-China trade negotiations. The outlook remains uncertain. However, attention must be paid to the impact on corporate sentiment from external factors, including the prolonged U.S.-China trade friction and developments regarding the introduction of an exchange-rate provision in the Japan-U.S. trade negotiations.」
The prolonged U.S.-China trade negotiations are explicitly identified as slowing economic growth, while developments regarding the introduction of an exchange-rate provision in the Japan-U.S. trade negotiations are cited as a factor requiring attention in addition to U.S.-China trade friction. - FY2019-Q2China's economy and slowing IT demand explicitly identifiedAnnual report
「During the cumulative second quarter under review, the global economy was affected by factors including the slowdown in China's economy and IT demand, and the outlook remains uncertain.」
Regarding uncertainty in the global economy, the slowdown in China's economy and IT demand is explicitly identified as an influencing factor in addition to trade friction, political turmoil and other factors previously cited. - FY2019-Q1WorsenedAnnual report
「During the cumulative first quarter under review, the global economy deteriorated due to factors including intensifying U.S.-China trade friction and political turmoil in Europe and the United States, and remains uncertain. Japan's economy remained on a moderate recovery trend, with corporate performance holding firm, employment conditions improving and capital investment increasing. Domestic demand, including consumption and capital investment, is expected to remain firm. However, attention must be paid to the possibility that intensifying U.S.-China trade tensions could adversely affect corporate sentiment and restrain capital investment.」
Risk recognition has intensified, shifting from the previous focus on uncertainty in overseas economies and the need to monitor trade issues to an explicit explanation of the deterioration in the global economy caused by intensifying U.S.-China trade friction and political turmoil in Europe and the United States, as well as the possibility of restrained capital investment. - FY2018U.S. protectionist trade policy and concerns over trade friction explicitly identifiedAnnual report
「Although uncertainty remains due to concerns over trade friction arising from protectionist trade policies in the United States and volatility in financial and capital markets, the global economy is expected to continue growing at a moderate pace.」
In addition to the previously identified uncertainty in overseas economies and volatility in financial markets, U.S. protectionist trade policy and concerns over trade friction are explicitly identified. - FY2018-Q3Trade issues additionally mentionedAnnual report
「Although a continued recovery is expected in Japan, supported in part by the effects of various policies amid ongoing improvements in corporate earnings and the employment and income environment, it is necessary to remain mindful of the impact of uncertainty in overseas economies, trade issues and volatility in financial and capital markets.」
In addition to uncertainty in overseas economies and volatility in financial and capital markets, trade issues are explicitly identified as factors requiring attention in the business environment. - FY2018-Q2RestatedAnnual report
「Although uncertainty remains regarding the outlook for economies in China and other emerging Asian countries and the impact of policy-related uncertainty, the global economy is expected to continue growing steadily. A sustained recovery is also expected going forward, partly due to the effects of various policies, but it is necessary to remain mindful of the impact of uncertainty in overseas economies and volatility in financial and capital markets.」
The Company continues to describe expectations for global economic growth and recovery, while noting uncertainty surrounding the economies and policies of China and emerging Asian countries and the need to remain mindful of volatility in overseas economies and financial markets. - FY2018-Q1RestatedAnnual report
「Although risks remain, including the UK's withdrawal from the EU and developments in North Korea, the global economy is expected to continue growing steadily, led by advanced economies. However, it is necessary to remain mindful of the impact of uncertainty in overseas economies and volatility in financial and capital markets.」
The Company continues to identify the UK's withdrawal from the EU, developments in North Korea, uncertainty in overseas economies and volatility in financial and capital markets as external risks. - FY2017RestatedAnnual report
「It is necessary to remain mindful of the impact of geopolitical risks, including heightened tensions surrounding North Korea, and uncertainty in overseas economies.」
The Company continues to identify geopolitical risks, including the situation surrounding North Korea, and uncertainty in overseas economies as risks to the business environment. - FY2017-Q3RestatedAnnual report
「The global economic outlook remains uncertain due to heightened geopolitical risks, including North Korea and the situation in the Middle East, as well as continued instability in political developments in the United States and Europe. The impact on future corporate earnings is being closely monitored.」
The Company reiterates its view that uncertainty in the global economic outlook persists due to the situations in North Korea and the Middle East and political developments in the United States and Europe. - FY2017-Q2RestatedAnnual report
「Although the global outlook remains uncertain due to the UK's withdrawal from the EU, concerns over a retreat from globalism following the inauguration of a new US administration, and heightened tensions surrounding North Korea, among other factors, the impact on future corporate earnings is being closely monitored.」
The Company reiterates its view that uncertainty in the global outlook remains, citing the UK's withdrawal from the EU, the new US administration and the situation surrounding North Korea, among other factors. - FY2017-Q1RestatedAnnual report
「Although a continued gradual recovery is expected, partly due to the effects of various policies, the outlook remains uncertain due to the policies of US President Trump, economic conditions in the United States, China and emerging Asian economies, and major elections in Europe, among other factors.」
The Company continues to describe expectations for a global economic recovery, while noting uncertainty stemming from political and economic factors in the United States, China and emerging Asian economies, and Europe. - FY2016RestatedAnnual report
「Uncertainty is expected to persist, including due to slower growth in China, worsening economic conditions in resource-rich countries resulting from falling international commodity prices, and the potential impact of the UK's withdrawal from the EU on neighboring countries.」
The Company continues to describe the uncertain outlook for the global economy, including the UK's withdrawal from the EU. - FY2016-Q3First statedAnnual report
「It is necessary to remain mindful of the increased uncertainty in the global economy and volatility in financial and capital markets resulting from the UK referendum on leaving the EU.」
The Company identifies global economic uncertainty and volatility in financial and capital markets as external risks.