Uncertainty in Overseas Economies Due to the Emerging-Market Slowdown, the UK's Withdrawal from the EU and Other Factors
First written in FY2017-Q1. 16 of 32 entries say "Worsened", first in FY2018-Q2. Latest entry: FY2026.
Mitsubishi Kakoki moved to the "Worse" side of this theme in 2018, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 18 of 21 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2026US trade policy and soaring energy prices addedAnnual report
「The outlook remained uncertain due to developments surrounding US trade policy and, toward the end of the fiscal year, escalating tensions in the Middle East and surging energy prices.」
In addition to US trade policy, escalating tensions in the Middle East and surging energy prices were described as sources of uncertainty in overseas economies and geopolitical conditions. - 2026-05-15WorsenedRevisions to earnings forecasts
「In addition, uncertainty continued regarding the outlook, including developments in U.S. trade policy and, toward the end of the fiscal year, rising energy prices amid heightened tensions in the Middle East.」
In addition to the uncertainty arising from U.S. trade policy and other factors, the disclosure noted heightened tensions in the Middle East and rising energy prices. - FY2026-H1Added downside risk to the economy from US trade policy.Annual report
「Private-sector capital investment remained resilient, but uncertainty about the outlook persists amid downside risks to the economy, including the impact of continued price increases on private consumption through weaker consumer sentiment and other factors, as well as the impact of U.S. trade policy.」
The downside risk to the economy from the impact of US trade policy was described as a source of uncertainty concerning overseas economies and trade policy. - FY2025-H1WorsenedAnnual report
「Uncertainty about the outlook remained due to rising geopolitical risks, including the prolonged conflicts in Ukraine and the Middle East, inflation amid the continued weakening trend in the yen, and surging energy and raw material prices.」
In addition to the previously noted uncertainty in overseas economies and geopolitical uncertainty, the prolonged conflict in the Middle East and surging energy and raw material prices are described as sources of uncertainty. - FY2024-Q3WorsenedAnnual report
「On the other hand, conditions remain such that attention must be paid to downside risk to the domestic economy from a downturn in overseas economies amid continued global monetary tightening and other factors, rising geopolitical risks, surging resource and raw material prices, and inflation driven by the weaker yen.」
In addition to the previously noted downturn in overseas economies, rising resource and raw material prices, and the weaker yen, rising geopolitical risks are specifically identified as a source of uncertainty. - FY2024-Q2Continued uncertainty due to the weaker yen and persistently high resource prices.Annual report
「As economic and social activity moved toward normalization and employment and income conditions improved, personal consumption and private-sector capital investment continued to recover, and the economy remained on a moderate recovery trend. However, attention was required due to the risk of downward pressure on the domestic economy from a downturn in overseas economies amid continued global monetary tightening, persistently high resource and raw-material prices, and rising prices caused by yen depreciation.」
The downside risk to the domestic economy from a downturn in overseas economies, persistently high resource and raw material prices, and inflation driven by the weaker yen are described as sources of uncertainty in the overseas economy and domestic economy. - FY2024-Q1Downside risk to the domestic economy from a downturn in overseas economies and monetary tightening.Annual report
「Amid continued global monetary tightening and other factors, downside risk to the domestic economy from a downturn in overseas economies.」
In addition to the previously noted uncertainty in overseas economies, global monetary tightening and the downside risk to the domestic economy from a downturn in overseas economies are described. - FY2023-Q3Added weakness in exports due to a downturn in overseas economies.Annual report
「On the other hand, the economic outlook remained uncertain due to the prolonged situation in Ukraine, the impact of the weaker yen, rising resource and raw material prices and the resulting inflation, and weakness in some areas, including exports, due to a downturn in overseas economies.」
In addition to the previously noted situation in Ukraine, the weaker yen, and rising resource and raw material prices, weakness in exports and other areas due to a downturn in overseas economies is described as a source of uncertainty. - FY2023-Q2RestatedAnnual report
「The economic outlook remained uncertain due to factors including the prolonged situation in Ukraine, the rapid depreciation of the yen, rising resource and raw material prices, and supply constraints and the resulting inflation.」
Uncertainty in the overseas and domestic economies due to the situation in Ukraine, the rapid depreciation of the yen, and rising resource and raw material prices and supply constraints continues. - FY2023-Q1WorsenedAnnual report
「The economic outlook remained uncertain due to concerns over the prolonged situation in Ukraine, the rapid depreciation of the yen, rising resource and raw material prices, supply constraints and the resulting inflation, as well as a renewed sharp increase in the number of novel coronavirus cases following the emergence of new variants from July onward.」
In addition to the previously noted infectious diseases and geopolitical risks, the prolonged situation in Ukraine, the rapid depreciation of the yen, rising resource and raw material prices, supply constraints, and new variants are described as sources of uncertainty. - FY2022WorsenedAnnual report
「The economic outlook remained uncertain, with concerns including rising geopolitical risks related to the situation in Ukraine and other factors.」
In addition to the previously noted infectious diseases and supply shortages, geopolitical risks related to the situation in Ukraine and other factors are described as new sources of concern. - FY2022-Q3WorsenedAnnual report
「Toward the end of the year, concerns grew over the renewed spread of infections due to the emergence of new variants, and the economic outlook remained uncertain.」
In addition to concerns over the renewed spread of infections due to new variants, stagnation in private capital investment and supply chain disruptions are described, and uncertainty about the economic outlook continues. - FY2022-Q1RestatedAnnual report
「As infections with the novel coronavirus continued to spread and persist due in part to the emergence of variants, the state of emergency was reintroduced in some areas and priority preventive measures were applied. In addition, delays in vaccinations persisted, and the economy remained uncertain, with personal consumption stagnating.」
The uncertainty about the economic outlook caused by the renewed spread of infections, the reintroduction of the state of emergency, and delays in vaccinations continues to be described. - FY2021WorsenedAnnual report
「As infections with the novel coronavirus spread again due in part to the emergence of variants, and a third state of emergency was declared in April this year, the outlook remained uncertain. Concerns also remained that companies would continue to take a cautious stance toward capital investment, and the economic outlook is expected to remain unpredictable.」
The renewed spread of infections, variants, the third state of emergency, and companies' cautious stance toward capital investment are described as new sources of uncertainty. - FY2021-Q3RestatedAnnual report
「During the nine-month cumulative period of the current third quarter, Japan's economy deteriorated rapidly from April through May as the spread of the novel coronavirus led to a state of emergency being declared, while restrictions and voluntary curbs on social and economic activity left the economy in an extremely difficult situation. After the state of emergency was lifted, some areas showed signs of recovery as economic activity resumed, but infections began spreading again from November, causing the recovery in personal consumption to stall. Private capital investment also remained weak as companies continued to take a cautious stance due to uncertainty about the outlook, and the economy remained in a difficult situation.」
The stagnation of the global and domestic economies caused by the spread of the novel coronavirus and the uncertainty about the outlook resulting from the renewed spread of infections continue to be described. - FY2021-Q1WorsenedAnnual report
「During the 3-month period of the current fiscal year, the Japanese economy remained in an extremely severe condition. Economic activity stagnated globally due to the spread of COVID-19, while Japan declared a state of emergency from April to May. Restrictions and voluntary restraint on social and economic activities caused personal consumption to decline rapidly, corporate earnings and business sentiment to deteriorate, and private-sector capital investment to remain at a low level.」
It is stated that, in addition to the uncertainty caused by the previous US-China trade friction and other factors, the spread of the novel coronavirus brought global economic activity to a standstill and left the domestic economy in an extremely difficult situation. - FY2020WorsenedAnnual report
「In addition to growing uncertainty about the outlook due to the prolonged US-China trade friction and other factors, the economy deteriorated rapidly toward the end of the period as the spread of the novel coronavirus caused domestic and overseas economic activity to stagnate.」
It is stated that, in addition to the prolonged US-China trade friction, the spread of the novel coronavirus and the resulting stagnation of domestic and overseas economic activity caused the economy to deteriorate rapidly. - FY2020-Q3RestatedAnnual report
「On the other hand, amid growing uncertainty about the outlook due to factors including the prolonged US-China trade friction and the resulting slowdown in the global economy, business sentiment among companies remained cautious, particularly in manufacturing, while exports and production continued to show weakness.」
The prolonged US-China trade friction, the slowdown in the global economy, cautious business sentiment in manufacturing, and weakness in exports and production continue to be described as business-environment factors. - FY2020-Q2WorsenedAnnual report
「On the other hand, as the global economy slowed due to the prolonged US-China trade friction, business sentiment among companies became increasingly cautious, particularly in manufacturing, and weakness intensified, including stagnation in exports and production, creating greater uncertainty about the outlook.」
The impact of the previously noted US-China trade friction and uncertainty over the global economy has expanded to include a slowdown in the global economy caused by the prolonged trade friction, increasingly cautious business sentiment, and stagnation in exports and production. - FY2020-Q1RestatedAnnual report
「On the other hand, with uncertainty over the global economy due to factors including US-China trade friction proving difficult to dispel, business sentiment among companies became increasingly cautious, particularly in manufacturing, and some weakness was seen, including sluggish exports and production.」
The uncertainty over the global economy caused by US-China trade friction, cautious business sentiment in manufacturing, and sluggish exports and production continue to be described. These are not treated as new material changes. - FY2019WorsenedAnnual report
「In addition to the effects of higher raw material prices and a succession of natural disasters in Japan, the global economic slowdown associated with US-China trade friction and other factors led to some weakness, including declines in exports and production toward the end of the period.」
In addition to the previous uncertainty surrounding trade policy and geopolitical conditions, the global economic slowdown resulting from US-China trade friction is explicitly identified. - FY2019-Q3WorsenedAnnual report
「The economic outlook has become more uncertain amid downside risks to the global economy associated with US-China trade friction and other factors.」
In addition to the previous uncertainty in overseas economies and geopolitical conditions, downside risks to the global economy associated with US-China trade friction and other factors are explicitly identified as new concerns. - FY2019-Q2WorsenedAnnual report
「In addition to concerns about trade friction arising from the protectionist trade policies of the U.S. administration, corporate sentiment weakened further due to higher raw material costs and the effects of a succession of natural disasters in Japan.」
In addition to the previous uncertainty in overseas economies and geopolitical conditions, trade friction resulting from protectionist US trade policies, higher raw material prices and natural disasters in Japan are explicitly identified as new business-environment factors. - FY2019-Q1WorsenedAnnual report
「On the other hand, uncertainty about the economic outlook has emerged as higher crude oil prices and concerns about trade friction associated with the protectionist trade policies of the US administration have caused business sentiment to weaken.」
In addition to the previous uncertainty in overseas economies and geopolitical conditions, higher crude oil prices and concerns about trade friction associated with protectionist US trade policies are explicitly identified as new sources of uncertainty. - FY2018WorsenedAnnual report
「However, uncertainty about the outlook persisted amid political instability overseas, heightened geopolitical risks including the situation on the Korean Peninsula, and growing protectionism under the US administration. Share prices declined and the yen also tended to appreciate.」
In addition to the previous uncertainty in overseas economies, geopolitical risks and growing protectionism under the US administration are explicitly identified as sources of uncertainty. - FY2018-Q3RestatedAnnual report
「However, uncertainty about the outlook persisted amid political instability overseas and heightened geopolitical risks, including the situation on the Korean Peninsula, particularly North Korea.」
Uncertainty about the outlook due to geopolitical risks, including political instability overseas and the situation on the Korean Peninsula, continues to be cited. - FY2018-Q2WorsenedAnnual report
「However, uncertainty about the outlook persisted amid political instability overseas and heightened geopolitical risks, including the situation on the Korean Peninsula, particularly North Korea.」
In addition to the previous uncertainty in overseas economies, heightened geopolitical risks, including the situation on the Korean Peninsula, are explicitly identified as a new source of uncertainty. - FY2018-Q1RestatedAnnual report
「Although uncertainty over the outlook due to political instability overseas and other factors remained, the economy continued on a moderate recovery trend as exports increased with the recovery of overseas economies, employment and income conditions continued to improve domestically, personal consumption and private-sector capital investment showed signs of recovery, and corporate sentiment improved.」
While uncertainty about the outlook due to political instability overseas and other factors remains, the recovery of overseas economies and a gradual recovery in the domestic economy are also cited. - FY2017RestatedAnnual report
「However, private-sector capital investment lacked momentum and personal consumption remained weak, amid increased uncertainty about the outlook due to the slowdown in emerging-market economies, the UK's withdrawal from the EU and policy developments under the new US administration.」
Uncertainty in overseas economies due to emerging-market economies, the UK's withdrawal from the EU and policy developments under the new US administration continues to be cited as a business-environment risk. - FY2017-Q3RestatedAnnual report
「Uncertainty about the outlook for overseas economies has increased due to the slowdown in emerging-market economies, the UK's withdrawal from the EU and volatility in financial and capital markets following the US presidential election.」
In addition to the slowdown in emerging-market economies and the UK's withdrawal from the EU, volatility in financial and capital markets following the US presidential election is listed as a source of uncertainty for overseas economies. - FY2017-Q2RestatedAnnual report
「In addition to a slowdown in the improvement of corporate earnings as the yen appreciated, the economy remained stagnant as private-sector capital investment declined and personal consumption also remained sluggish amid growing uncertainty over the outlook for overseas economies, including slowing emerging-market economies and the UK’s withdrawal from the EU.」
Uncertainty in overseas economies due to yen appreciation, a slowdown in emerging-market economies and the UK's withdrawal from the EU continues to be cited as part of the business environment. - FY2017-Q1First statedAnnual report
「In addition, uncertainty about the outlook for the economy increased amid the slowdown in emerging-market economies, the issue of the UK's withdrawal from the EU and other factors, contributing to heightened uncertainty about the overseas economy.」
The slowdown in emerging-market economies and the UK's withdrawal from the EU are explicitly identified for the first time as factors increasing uncertainty about the economic outlook.