Uncertainty surrounding domestic and overseas economies, geopolitics and other factors
First written in FY2017-Q1. 9 of 30 entries say "Worsened", first in FY2017-Q2. Latest entry: FY2027-H1.
Bellsystem24 Holdings moved to the "Worse" side of this theme in 2018, 2 years before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 24 of 31 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2027-H1Economic recovery and continued monitoring of natural disasters, the situation in the Middle East and market volatilityAnnual report
「During the interim consolidated accounting period, the Japanese economy continued to recover moderately as employment and income conditions improved, with signs of a recovery in private consumption and capital investment. Although corporate earnings also improved, continued monitoring of developments in the Middle East and the effects of natural disasters remains necessary, while the impact of volatility in financial and capital markets also requires attention.」
The domestic economy was described as recovering moderately against a backdrop of improving employment and income conditions, while developments in the Middle East, natural disasters and volatility in financial and capital markets were identified as factors requiring continued monitoring. - FY2026-H1Concerns about an economic downturn due to trade policy and rising pricesAnnual report
「During the six-month period ended 30 September, the Japanese economy showed signs of a moderate recovery, as personal consumption and capital investment continued to recover, supported by improvements in employment and income conditions and the effects of various measures, despite some impact from U.S. trade policies and other factors. Looking ahead, the continued rise in prices could pose a downside risk to the Japanese economy by depressing personal consumption through a deterioration in consumer sentiment.」
While describing the domestic economy as recovering moderately, the report indicated downside risks to consumer sentiment and personal consumption from the impact of U.S. trade policies and rising prices. - FY2025-H1WorsenedAnnual report
「Meanwhile, a downturn in overseas economies resulting from persistently high interest rates in Europe and the United States and continued stagnation in China's property market, as well as a further rise in crude oil prices due to the deepening and prolongation of the situation in the Middle East, could affect prices and the economy in Japan, leaving the need for caution in place.」
With regard to overseas economies and geopolitical risks, the report identified persistently high interest rates in Europe and the United States, continued stagnation in China's property market, and higher crude oil prices resulting from a deepening and prolongation of the situation in the Middle East as factors that could affect domestic prices and the economy. - FY2024-Q3WorsenedAnnual report
「Meanwhile, the deepening and prolongation of the situation in the Middle East could lead to a further rise in crude oil prices and affect prices and the economy in Japan, leaving the need for caution in place.」
In addition to the existing uncertainty surrounding overseas economies and the international situation, the report indicated the potential impact on domestic prices and the economy of a deepening and prolongation of the situation in the Middle East and higher crude oil prices. - FY2024-Q2Downside risks to overseas economies and concerns over ChinaAnnual report
「Meanwhile, the impact of a downturn in overseas economies, including the effects of global monetary tightening and concerns over China's outlook, posed a risk of putting downward pressure on the economy.」
While indicating signs of a moderate recovery in the domestic economy, the report identified global monetary tightening and concerns over China's outlook as downside risks to overseas economies. - FY2024-Q1Economic normalisation coexisting with uncertainty over financial markets and pricesAnnual report
「During the three-month period ended 30 June, the Japanese economy showed signs of a moderate recovery as economic activity normalised. Meanwhile, the outlook remained uncertain due to the impact of volatility in financial and capital markets, including global monetary tightening, and rising prices.」
The report indicated that economic activity was normalising and the domestic economy was recovering moderately, while uncertainty continued due to global monetary tightening, volatility in financial and capital markets and rising prices. - FY2023RestatedAnnual report
「Meanwhile, a downturn in overseas economies resulting from global monetary tightening and other factors posed a risk of putting downward pressure on the economy, while the outlook remained uncertain due to higher prices and supply-side constraints.」
While the domestic economy showed signs of recovery, the report continued to point to uncertainty due to global monetary tightening, a downturn in overseas economies, higher prices and supply constraints. - FY2023-Q3Domestic economic recovery offset by uncertainty from prices and supply constraintsAnnual report
「During the nine-month period ended 31 December, the Japanese economy showed signs of recovery, supported in part by the effects of various policies as the transition to a new phase of living with COVID-19 progressed. Meanwhile, as global monetary tightening and other factors continued, a downturn in overseas economies posed a risk of putting downward pressure on the economy. In addition, the outlook remained uncertain due to higher prices and supply-side constraints.」
While indicating a recovery in the domestic economy, the report continued to point to uncertainty over the outlook due to global monetary tightening, a downturn in overseas economies, higher prices and supply constraints. - FY2023-Q2WorsenedAnnual report
「Meanwhile, financial market volatility caused by global monetary tightening, higher raw material prices due to an unstable international situation and supply-side constraints continued to leave the outlook uncertain.」
In addition to the existing uncertainty surrounding the international situation and financial markets, global monetary tightening, higher raw material prices and supply-side constraints emerged as sources of uncertainty for the economy and business environment. - FY2023-Q1WorsenedAnnual report
「Meanwhile, concerns over a prolonged situation in Ukraine, higher resource prices and rapid changes in financial markets continued to leave the outlook uncertain.」
While the domestic economy benefited from the easing impact of COVID-19 and progress toward normal economic activity, the prolonged situation in Ukraine, higher resource prices and rapid changes in financial markets emerged as new sources of uncertainty. - FY2022-Q3Domestic economy recovering, but overseas infections and variants cloud the outlookAnnual report
「During the nine-month period ended 31 December, the Japanese economy remained in a difficult situation due to the spread of COVID-19, but from October 2021, as the number of cases declined, signs gradually emerged of a return to normal economic activity. Meanwhile, the number of cases overseas remained high, and concerns over variants persisted, leaving the outlook uncertain.」
While signs of a return to normal economic activity emerged domestically as the number of cases declined, the outlook remained uncertain due to the number of cases overseas and concerns over variants. - FY2022-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, the Japanese economy remained in a challenging situation due to the spread of COVID-19. Although signs of recovery emerged in some areas, uncertainty persisted, including the repeated declarations of states of emergency. The employment environment also showed no clear recovery trend, as economic activity in some industries remained stagnant.」
The challenging economic environment caused by COVID-19, uncertainty over the outlook due to states of emergency, and the absence of a clear recovery trend in the employment environment were reaffirmed. - FY2022-Q1WorsenedAnnual report
「During the cumulative first-quarter consolidated period, the Japanese economy remained in a challenging situation due to the spread of COVID-19. Although signs of recovery emerged in some areas, uncertainty persisted, including the declaration of a state of emergency in major metropolitan areas. The employment environment also showed no clear signs of improvement, as economic activity in some industries remained stagnant.」
Amid the continued challenging economic environment caused by COVID-19, the declaration of a state of emergency in major metropolitan areas and the absence of a clear improvement trend in the employment environment were newly identified, confirming the continuing severity of economic and employment risks. - FY2021-Q3RestatedAnnual report
「During the cumulative third-quarter consolidated period, the Japanese economy remained in a challenging situation due to the impact of COVID-19, despite signs of recovery in some areas. The impact on tourism and food services was particularly severe.」
Despite some signs of recovery, the challenging economic environment caused by COVID-19 and its severe impact on tourism and food services continue. - FY2021-Q2Some recovery, but challenging conditions persistAnnual report
「During the cumulative second-quarter consolidated period, the Japanese economy remained in a challenging situation due to the impact of COVID-19, despite signs of recovery in some areas. The impact on tourism and food services was particularly severe.」
The economic environment affected by COVID-19 remains challenging despite localized signs of recovery, with the severe impact on tourism and food services continuing. - FY2021-Q1WorsenedAnnual report
「During the cumulative first-quarter consolidated period, the Japanese economy continued to deteriorate rapidly due to the spread of COVID-19. The impact was particularly severe on tourism and food services because of restrictions on going out associated with the state of emergency.」
Previously identified downside risks to the economy became more severe, as reflected in the rapid deterioration of the Japanese economy and the severe impact on tourism and food services caused by the spread of COVID-19. - FY2020MaterialisedAnnual report
「However, the spread of COVID-19, including moves to refrain from holding events and going out, and disruptions to supply chains are rapidly affecting economic activity in Japan and overseas, including the recent downturn in personal consumption and the contraction of production and investment, raising concerns that economic trends may deteriorate going forward.」
In addition to existing uncertainty over economic conditions and overseas economies, the actual impact of the spread of COVID-19 on personal consumption, production and investment was described. - FY2020-Q3RestatedAnnual report
「However, in addition to the risk that uncertainty in overseas economies, including tensions over trade issues between the United States and China and the slowdown in the Chinese economy, could weigh on the domestic economy, there are concerns that changes in consumer sentiment following the domestic consumption tax rate increase could affect economic trends going forward.」
In addition to overseas economic risks from U.S.-China trade issues and the slowdown in the Chinese economy, the potential impact on the economy of changes in consumer sentiment following the consumption tax rate increase was reaffirmed. - FY2020-Q1WorsenedAnnual report
「However, in addition to the risk that uncertainty in overseas economies, including tensions over trade issues between the United States and China and the slowdown in the Chinese economy, could weigh on the domestic economy, there are concerns that the consumption tax rate increase scheduled for October this year could affect the economy’s recovery trend going forward.」
In addition to overseas economic risks from U.S.-China trade issues and the slowdown in the Chinese economy, the potential impact on the economy of the consumption tax rate increase scheduled for October 2019 was newly identified. - FY2019MaterialisedAnnual report
「During the consolidated fiscal year, the Japanese economy continued to recover gradually overall, against a backdrop of improvements in employment and income conditions. However, natural disasters, including the heavy rains in western Japan in August 2018 and the Hokkaido Eastern Iburi Earthquake in September of the same year, had a negative impact on personal consumption and exports, while corporate earnings, which had continued to improve, showed signs of stalling in some areas.」
The full-year results described the actual negative impact of natural disasters on personal consumption and exports. - FY2019-Q3MaterialisedAnnual report
「During the cumulative third-quarter consolidated period, the Japanese economy continued to recover gradually overall, against a backdrop of improvements in employment and income conditions. However, infrastructure damage and temporary interruptions to industrial activity caused by a series of natural disasters, including the Hokkaido Eastern Iburi Earthquake in September 2018 and Typhoon No. 21, which caused extensive damage mainly in the Kinki region, had a negative impact on personal consumption and exports. In addition, uncertainty in overseas economies, including the impact of trade issues between the United States and China on the global economy and the slowdown in the growth rate of the Chinese economy, was a risk that could weigh on the domestic economy going forward.」
The specific impact of the Hokkaido Eastern Iburi Earthquake and Typhoon No. 21 on infrastructure and industrial activity was described, with previously identified downside risks to the economy materializing as the effects of natural disasters. Trade issues between the United States and China and the slowdown in the Chinese economy were also identified as overseas risks. - FY2019-Q2MaterialisedAnnual report
「During the cumulative second-quarter consolidated period, the Japanese economy continued to recover gradually overall, against a backdrop of improvements in employment and income conditions, despite the impact of damage to logistics and infrastructure caused by the heavy rains in July 2018 and the negative impact of the heat wave from July onward on some areas of personal consumption.」
The actual impact of the July 2018 heavy rains and heat wave on logistics, infrastructure and personal consumption was described as a factor weighing on the domestic economy. - FY2019-Q1RestatedAnnual report
「At the same time, risks that could weigh on the domestic economy going forward include the impact of fluctuations in financial and capital markets caused by rising long-term interest rates in the United States, as well as uncertainty surrounding U.S. trade policy.」
Fluctuations in financial and capital markets accompanying rising U.S. long-term interest rates and uncertainty surrounding U.S. trade policy were reaffirmed as downside risks to the economy. - FY2018WorsenedAnnual report
「At the same time, financial markets in Japan and overseas have become unstable since the beginning of the year, triggered by rising long-term interest rates in the United States, and risks that could weigh on the domestic economy going forward include uncertainty surrounding U.S. trade policy.」
In addition to existing geopolitical risks, financial market instability due to rising U.S. long-term interest rates and uncertainty surrounding trade policy were added. - FY2018-Q2RestatedAnnual report
「Although uncertainty surrounding the political situation in the United States and geopolitical risks in the Middle East and the Korean Peninsula remain areas of concern, the global economy is generally on a gradual recovery trend.」
While indicating a gradual recovery in the global economy, the Company continued to recognize the political situation in the United States and geopolitical risks in the Middle East and the Korean Peninsula. - FY2018-Q1RestatedAnnual report
「Although uncertainty surrounding the political situation in the United States and geopolitical risks in the Middle East and East Asia remain areas of concern, the global economy is generally on a gradual recovery trend.」
While the global economy was described as being on a gradual recovery trend, the political situation in the United States and geopolitical risks in the Middle East and East Asia continued to be recognized as sources of uncertainty. - FY2017RestatedAnnual report
「Although signs of an economic recovery have emerged in China, risks that could weigh on the domestic economy going forward include uncertainty over the outlook for the global economy due to the move toward the United Kingdom’s departure from the EU and policies such as the America First agenda advocated by the new U.S. president.」
Uncertainty over the global economy due to the United Kingdom’s departure from the EU and policies such as the America First agenda continued to be cited as a downside risk to the domestic economy. - FY2017-Q3RestatedAnnual report
「Although signs of an economic recovery have emerged in China, risks that could weigh on the domestic economy going forward include uncertainty over the outlook for the global economy stemming from the United Kingdom’s move to leave the EU, as well as unstable trends in the Japanese and U.S. financial markets following the U.S. presidential election.」
Uncertainty over the global economy resulting from the United Kingdom’s departure from the EU and unstable Japanese and U.S. financial markets following the U.S. presidential election continued to be identified as downside risks to the domestic economy. - FY2017-Q2WorsenedAnnual report
「At the same time, risks that could weigh on the domestic economy going forward include uncertainty over the outlook for overseas economies due to recessions in China and resource-rich countries and the United Kingdom’s move to leave the EU, unstable trends in the Japanese and U.S. financial markets, and weaker consumer sentiment due to yen appreciation and sluggish share prices.」
In addition to the existing risks related to overseas economies and the United Kingdom’s departure from the EU, unstable Japanese and U.S. financial markets, yen appreciation and weaker consumer sentiment due to sluggish share prices were identified. - FY2017-Q1First statedAnnual report
「At the same time, risks that could weigh on the domestic economy going forward include uncertainty over the outlook for overseas economies, as seen in China, resource-rich countries and Europe, which has been affected by the United Kingdom’s move to leave the EU, as well as the impact of the Kumamoto Earthquake on the economy.」
Downside risks to the domestic economy were identified from overseas economies including China, resource-rich countries and Europe, the United Kingdom’s departure from the EU, and the Kumamoto Earthquake.