Impact of a Stronger Yen, Falling Share Prices and the Kumamoto Earthquake on Spending and Investment Sentiment
First written in FY2017-Q1. 11 of 28 entries say "Worsened", first in FY2017-Q2. Latest entry: FY2027-H1.
MITRA Group moved to the "Worse" side of this theme in 2016.
0 other companies' latest entry also says "Other".
- FY2027-H1Shift in risk factorsAnnual report
「During the interim consolidated accounting period from 1 March 2026 to 31 August 2026, Japan's economy remained on a gradual recovery track. Although improvements in employment and income conditions and the effects of various policies are expected to support a gradual recovery, it is necessary to closely monitor the situation in the Middle East and the impact of natural disasters. Attention must also be paid to the effects of volatility in financial and capital markets.」
The situation in the Middle East, natural disasters and volatility in financial and capital markets were identified as sources of uncertainty, replacing the previous references to US trade policy and other factors. - FY2026-H1WorsenedAnnual report
「During the interim consolidated accounting period (1 March 2025 to 31 August 2025), Japan's economy was recovering gradually, but the risk of a downturn was rising due to the impact of US trade policy. The continued rise in prices also posed a downside risk to Japan's economy through its impact on personal consumption, including via weaker consumer sentiment. It was also necessary to continue paying attention to the effects of fluctuations in financial and capital markets.」
Despite the economic recovery, the disclosure explicitly identified downside risks from US trade policy, continued price increases and fluctuations in financial and capital markets, giving greater specificity to the previous concerns about overseas conditions, prices and market volatility. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period (1 March 2024 to 31 August 2024), Japan's economy remained on a gradual recovery track as employment and income conditions improved, together with the effects of various policies. However, it was necessary to pay close attention to the effects of rising prices, overseas conditions and fluctuations in financial and capital markets on the economy.」
While describing an economic recovery supported by improvements in employment and income conditions, the disclosure continued to highlight the need to monitor rising prices, overseas conditions and fluctuations in financial and capital markets. - FY2025-Q1RestatedAnnual report
「During the cumulative first quarter (1 March 2024 to 31 May 2024), it was necessary to pay close attention to the risk that a downturn in overseas economies resulting from the effects of global monetary tightening could weigh on Japan's economy, as well as to the effects of rising prices, overseas conditions and fluctuations in financial and capital markets.」
The need to monitor global monetary tightening, a downturn in overseas economies, rising prices, overseas conditions and fluctuations in financial and capital markets continued to be highlighted. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter (1 March 2023 to 30 November 2023), Japan's economy recovered gradually as the transition from the COVID-19 pandemic to normal conditions progressed, supported by improvements in employment and income conditions and a recovery in personal consumption. However, as global monetary tightening continued, it was necessary to pay close attention to the risk that a downturn in overseas economies could weigh on Japan's economy, as well as to the effects of rising prices and fluctuations in financial and capital markets.」
The disclosure continues to describe a gradual recovery in the domestic economy while noting the need to monitor global monetary tightening, a downturn in overseas economies, rising prices and fluctuations in financial and capital markets. - FY2024-Q1Recovery in economic conditions alongside overseas downside risks and rising pricesAnnual report
「During the cumulative first quarter (1 March 2023 to 31 May 2023), Japan's economy recovered gradually as the transition from the COVID-19 pandemic to normal conditions progressed, supported by improvements in employment and income conditions and a recovery in personal consumption. However, as global monetary tightening continued, it was necessary to pay close attention to the risk that a downturn in overseas economies could weigh on Japan's economy, as well as to the effects of rising prices and fluctuations in financial and capital markets.」
While describing a gradual recovery in the domestic economy, the disclosure identified global monetary tightening, a downturn in overseas economies, rising prices and fluctuations in financial and capital markets as risks. - FY2023-Q2RestatedAnnual report
「The environment surrounding Japan's economy remained difficult, with the prolonged Russia-Ukraine situation, a sharp weakening of the yen, and inflationary pressure caused by soaring resource and raw-material prices, including gasoline. The outlook for economic conditions therefore remained uncertain.」
Uncertainty about the economic outlook continued because of the Russia-Ukraine situation, the sharp weakening of the yen, and inflationary pressure from soaring resource and raw-material prices. - FY2023-Q1WorsenedAnnual report
「The environment surrounding Japan's economy remained difficult, with the prolonged Russia-Ukraine situation, a sharp weakening of the yen, and inflationary pressure caused by soaring resource and raw-material prices, including gasoline. The outlook for economic conditions therefore remained uncertain.」
In addition to the previous uncertainty surrounding infectious diseases and overseas economies, the disclosure identified the prolonged Russia-Ukraine situation, the sharp weakening of the yen and inflationary pressure from soaring resource and raw-material prices as new sources of uncertainty. - FY2022-Q3Additional supply constraints and raw-material price risksAnnual report
「Although economic conditions were expected to continue recovering as economic and social activity moved toward normalization, supported by the effects of various policies and improvements in overseas economies, attention needed to be paid to the heightened downside risk arising from supply constraints and trends in raw-material prices.」
While expressing expectations for an economic recovery, the disclosure newly identified downside risks arising from supply constraints and trends in raw-material prices. - FY2022-Q2WorsenedAnnual report
「During the cumulative second quarter, Japan's economy was constrained by the expansion of the areas covered by the state of emergency declaration in response to the spread of COVID-19, as well as requests to refrain from going out and shortened store operating hours. Although economic conditions were expected to continue recovering as measures to prevent the spread of infection were implemented and vaccinations promoted, supported by the effects of various policies and improvements in overseas economies, it remained necessary to pay close attention to the heightened downside risk from the spread of infections.」
The disclosure describes the suppression of economic activity resulting from the expansion of areas covered by the state of emergency and requests to refrain from going out, and explicitly identifies the heightened downside risk from the spread of infections. It also notes expectations for recovery supported by vaccinations and other measures. - FY2022-Q1Expectations for normalization through vaccination alongside downside infection risksAnnual report
「Economic conditions were expected to remain uncertain for the time being, with downside risks associated with infection trends. At the same time, expectations were rising for the normalization of economic activity following the start of vaccinations, while demand adapted to new lifestyles was expanding, including stronger housing demand resulting from the spread of telework and increased use of internet banking by individuals.」
While downside economic risks associated with infection trends and uncertainty about the outlook continued, the disclosure also noted expectations for normalization through vaccinations and expanding demand adapted to new lifestyles. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter (1 March 2020 to 30 November 2020), Japan's economy remained in a difficult situation due to the impact of COVID-19. Close attention continued to be necessary regarding the risk that the spread of COVID-19 could adversely affect domestic and overseas economies by weakening socioeconomic activity.」
Despite the signs of recovery in economic conditions noted in the previous quarter, the economy was still described as being in a difficult situation, and attention continued to be required regarding the downside risk to domestic and overseas economies from the spread of infections. - FY2021-Q2Recovery in economic conditions alongside ongoing infection concernsAnnual report
「During the cumulative second quarter (1 March 2020 to 31 August 2020), Japan's economy showed signs of recovery as restrictions on economic activity were gradually eased following the downturn in April and May, when a state of emergency was in effect due to the spread of COVID-19. However, it was necessary to closely monitor the impact of future infection trends on the domestic and overseas economies.」
While economic activity showed signs of recovery from the downturn during the state of emergency, the need to monitor the impact of infection trends on domestic and overseas economies continued. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter (1 March 2020 to 31 May 2020), Japan's economy deteriorated rapidly as economic activity was severely restricted by the global spread of COVID-19, including restrictions on domestic and international travel, suspension of production, requests to refrain from nonessential outings, and the closure or shortened operating hours of service businesses. Consumption, production and employment conditions remained extremely difficult.」
The spread of COVID-19 led to travel restrictions, production stoppages and requests to refrain from going out, and the economy, consumption, production and employment conditions deteriorated rapidly. - FY2020WorsenedAnnual report
「The global economy faced growing concerns about a slowdown due to the spread of COVID-19, and the outlook remained uncertain.」
In addition to the previous uncertainty surrounding overseas economies and financial markets, concerns were raised about a global economic slowdown resulting from the spread of COVID-19. - FY2020-Q3RestatedAnnual report
「Although the global economy was recovering gradually overall, the outlook remained uncertain because of overseas economic developments, including US-China trade issues, China's economic slowdown and the UK's EU withdrawal.」
Although the global economy was described as recovering gradually, uncertainty about the outlook continued because of US-China trade issues, China's economic slowdown and the UK's EU withdrawal, among other factors. - FY2020-Q2WorsenedAnnual report
「The global economy remained subject to an uncertain outlook, including the impact of China's economic slowdown and the prolonged US-China trade friction.」
In addition to China's economic slowdown, the impact of prolonged US-China trade friction was identified as a source of uncertainty for the global economy. - FY2020-Q1RestatedAnnual report
「Although the global economy was recovering gradually overall, weakness was evident in parts of Asia and Europe. Attention needed to be paid to risks arising from developments in trade issues, the outlook for the Chinese economy, policy uncertainty and fluctuations in financial and capital markets.」
The disclosure cites a gradual recovery in the global economy while also noting the need to monitor trade issues, the Chinese economy, policy uncertainty and financial-market volatility. - FY2019RestatedAnnual report
「Although the global economy was expected to recover in Asia and Europe, and the US was also expected to continue its steady recovery, attention needed to be paid to trade issues, the future direction and impact of policies, and the effects of fluctuations in financial and capital markets.」
Although the global economy was expected to recover, attention continued to be drawn to trade issues, policy developments and fluctuations in financial and capital markets. - FY2019-Q3RestatedAnnual report
「The impact of US policies and trade issues, as well as developments in China and other emerging Asian economies, remained unknown, and uncertainty in the global economy continued.」
Uncertainty in the global economy stemming from US policies and trade issues, and developments in emerging Asian economies including China, continued. The disclosure also states that there were no new business or other risks or material changes. - FY2019-Q2WorsenedAnnual report
「The global economy generally remained firm, with the US continuing to recover and signs of improvement also emerging in Europe and China. However, the outlook remained uncertain because of the future prospects for China and other emerging Asian economies, the future direction and impact of US policies, and developments in trade issues.」
Although some aspects of the global economy remained firm, the outlook for China and emerging Asian economies, US policy developments and trade issues were identified as sources of uncertainty. - FY2019-Q1WorsenedAnnual report
「However, the outlook remained uncertain because of US policy developments and their impact, as well as rising geopolitical risks in East Asia.」
The disclosure describes the domestic economy as being on a recovery track, while identifying US policy developments and rising geopolitical risks in East Asia as new sources of uncertainty. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, Japan's domestic economy remained on a gradual recovery track, supported by the effects of the government's economic policies and the Bank of Japan's monetary easing, although attention needed to be paid to the uncertainty surrounding overseas economies and financial-market volatility.」
While attention was required regarding uncertainty in overseas economies and financial-market volatility, the domestic economy was described as being on a gradual recovery track. The disclosure also states that there were no material changes in business or other risks. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, Japan's economy generally remained on a recovery track. Although uncertainty about overseas economic trends persisted, employment and income conditions continued to improve on the back of solid corporate performance, and personal consumption showed signs of a gradual recovery.」
While uncertainty about overseas economic trends remained, the domestic economy was described as being on a recovery track, accompanied by improvements in employment, income conditions and personal consumption. - FY2017WorsenedAnnual report
「The outlook remained uncertain against a backdrop of multiple risks, including the UK's EU withdrawal, concerns about weakness in the Chinese economy, market turmoil associated with US interest-rate hikes and the inauguration of a new US administration.」
In addition to the previously noted instability in foreign-exchange and equity markets, multiple overseas risks were identified, including weakness in the Chinese economy, US interest-rate hikes and market turmoil associated with the inauguration of a new administration. - FY2017-Q3RestatedAnnual report
「While a gradual economic recovery was expected as a result of government-led economic policies and monetary easing, foreign-exchange and equity markets became highly unstable amid slower growth in emerging Asian economies, concerns about European countries and the impact of the US presidential election, among other factors.」
The impact of the US presidential election and other factors is cited as a new source of market instability, while the disclosure states that there were no new business or other risks and no material changes to the business and other risks described in the securities report for the previous fiscal year. - FY2017-Q2WorsenedAnnual report
「Although uncertainty about the outlook persisted, amid growing instability in foreign-exchange and equity markets resulting from slower economic growth in emerging Asian economies and the issue of the United Kingdom's withdrawal from the EU,」
In addition to the previous reference to a stronger yen and weaker share prices, the disclosure explains that foreign-exchange and equity markets became more unstable against a backdrop of slower growth in emerging Asian economies and the UK's EU withdrawal issue. - FY2017-Q1First statedAnnual report
「Although the appreciation of the yen, decline in share prices and the Kumamoto earthquake in April 2016 continued to weigh on spending and investment sentiment, employment and income conditions showed signs of improvement, and a recovery in consumer sentiment was expected as reconstruction following the earthquake progressed, leading to expectations of a gradual economic recovery.」
The disclosure describes the impact of the stronger yen, falling share prices and the Kumamoto earthquake on spending and investment sentiment, while also noting the potential for recovery through improvements in employment, income and reconstruction.