Uncertainty over economic conditions and capital investment following the UK's withdrawal from the EU
First written in FY2016-Q3. 6 of 10 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2025: 18 of 21 companies on the "Worse" side.
26 other companies' latest entry also says "Dropped".
- FY2021DroppedAnnual reportThe current year's descriptions of business and other risks and the business environment contain no specific reference to the UK's withdrawal from the EU.
- FY2020-Q1RestatedAnnual report
「Uncertainty surrounding Brexit continues to weigh on the UK economy, and low growth is expected to continue.」
The statement that uncertainty surrounding Brexit is weighing on the UK economy and that low growth is expected to continue was mentioned again. - FY2019-Q3RestatedAnnual report
「In Europe, personal consumption and capital investment have remained sluggish in the UK due to concerns surrounding Brexit.」
The continued weakness in UK personal consumption and capital investment against the backdrop of Brexit was mentioned again. - FY2019-Q2RestatedAnnual report
「In Europe, turmoil surrounding Brexit has persisted in the UK, accelerating efforts to build up inventories in preparation for economic disruption.」
The persistence of turmoil surrounding Brexit and efforts in the UK to build up inventories in preparation for economic disruption were mentioned again. - FY2019-Q1RestatedAnnual report
「In Europe, prolonged low growth in the UK is attributable to uncertainty over Brexit, which is weighing on personal consumption and corporate investment.」
The situation in which uncertainty over Brexit is weighing on UK personal consumption and corporate investment was mentioned again. - FY2018RestatedAnnual report
「In the UK, personal consumption and capital investment have remained sluggish amid uncertainty about Brexit,」
The weakness in UK personal consumption and capital investment against the backdrop of Brexit was mentioned again as part of the economic environment for the current year. - FY2018-Q1Reference resumedAnnual report
「In Europe, corporate investment was sluggish in the UK due to the uncertain outlook for Brexit,」
The UK's withdrawal from the EU, which had disappeared as a separate item in the previous year's annual securities report, was mentioned again in the current quarter's discussion of the global economy as a factor behind sluggish corporate investment. - FY2017DroppedAnnual reportThe current year's business and other risks contain no specific discussion of the UK's withdrawal from the EU and instead classify it under general risks such as economic conditions and international activities.
- FY2016RestatedAnnual report
「Uncertainty about the outlook increased further, including as a result of the UK's decision in June this year to leave the EU (European Union).」
Uncertainty about the outlook for the global economy, including Brexit, continued to be described as part of the business environment. - FY2016-Q3First statedAnnual report
「Following the result of the UK's referendum to leave the EU (European Union), uncertainty about the outlook has increased, and risk-averse behavior is expected for the time being. The possibility that capital investment sentiment, in particular, could contract sharply cannot be ruled out.」
The risk was described as increased uncertainty about the outlook following the UK's decision to leave the EU and the possibility of a sharp decline in capital investment appetite.