Growing Uncertainty in the Global Economy and Geopolitical Conditions
First written in FY2017-Q1. 13 of 34 entries say "Restated". Latest entry: 2026-08-03.
Chiyoda moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 46 of 79 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- 2026-08-03MitigatedInvestor presentation
「◆ The impact of the situation in the Middle East on first-quarter results was less significant than initially expected ◆ Tensions between the United States and Iran continue, and we will continue to monitor developments closely」
The company states that the impact of the situation in the Middle East on first-quarter results was less significant than expected, while tensions between the United States and Iran continue. It does not indicate that geopolitical risks have ended. - FY2026WorsenedAnnual report
「The invasion of Ukraine by Russia, which began in February 2022, the armed conflict between Israel and Hamas, which began in October 2023, and the armed conflicts between the United States and Israel and Iran in June 2025 and February 2026, among other risks affecting other Middle Eastern countries, have further heightened geopolitical risks worldwide.」
In addition to the existing geopolitical risks, the disclosure explicitly identifies the armed conflicts between the United States and Israel and Iran in June 2025 and February 2026 as contributing to a further increase in geopolitical risks worldwide. - FY2025Addition of US tariff measuresAnnual report
「Changes in global economic trends and social and political conditions, the status of protectionist trade policies, economic sanctions and diplomatic relations, changes in countries' energy policies, and market trends in crude oil, LNG and metal resource prices may cause customers to cancel or postpone investment plans or change their content, or cause customers' or partners' financial condition to deteriorate, which could affect the performance of the Group. In particular, tariff measures imposed by the second Trump administration in the United States are being applied in certain countries. If the number of countries subject to the measures expands, they are expected to affect the economies of major countries, leaving the outlook unclear.」
In addition to the existing uncertainty from geopolitical and economic conditions and resource prices, the disclosure explicitly identifies tariff measures imposed by the second Trump administration and the possibility of expanding coverage as factors that could affect performance. - FY2025-H1RestatedAnnual report
「During the interim consolidated fiscal period, the global economy continued to recover, particularly in developed countries. However, the outlook remained uncertain, partly because geopolitical risks, including the situation in the Middle East, continued to have an impact.」
The Company reaffirmed that uncertainty about the global economic outlook continued because of geopolitical risks, including the situation in the Middle East, while noting a recovery trend centered on developed countries. - FY2024RestatedAnnual report
「During the consolidated fiscal year, the global economy remained uncertain overall due to heightened geopolitical risks, including increasing instability in the Middle East, and tighter monetary policy in various countries to contain inflation.」
The disclosure states that uncertainty about the global economic outlook continued against a backdrop of increasing instability in the Middle East, heightened geopolitical risks and monetary tightening to contain inflation. - FY2024-Q3Addition of instability in the Middle EastAnnual report
「During the first nine months of the consolidated fiscal year, the outlook for the global economy remained uncertain due to the continuing impact of the protracted situation in Russia and Ukraine, increasing instability in the Middle East, and tighter monetary policy in various countries to contain inflation.」
In addition to the situation in Russia and Ukraine, inflation and monetary tightening, the disclosure explicitly identifies increasing instability in the Middle East as a source of uncertainty about the global economic outlook. - FY2024-Q2WorsenedAnnual report
「During the first six months of the consolidated fiscal year, the outlook for the global economy remained uncertain due to the continuing impact of the protracted situation in Russia and Ukraine, soaring energy prices caused by persistently high crude oil prices, and tighter monetary policy in various countries to contain inflation.」
The disclosure identifies the prolonged situation in Russia and Ukraine, soaring energy prices caused by persistently high crude oil prices, and monetary tightening in various countries as additional sources of uncertainty. - FY2024-Q1SoftenedAnnual report
「During the first quarter of the consolidated fiscal year, the global economy was on a recovery trend, but its outlook remained uncertain, partly because the impact of the situation in Russia and Ukraine continued.」
The description of the global economy improved from signs of recovery in the previous period to a recovery trend, while uncertainty caused by the situation in Russia and Ukraine persisted. - FY2023SoftenedAnnual report
「During the consolidated fiscal year, economic activity showed signs of recovery in countries around the world as COVID-19 restrictions were eased or lifted. However, the outlook for the global economy remained uncertain due to the prolonged impact of the situation in Russia and Ukraine and continuing inflation.」
Signs of recovery in economic activity following the easing or lifting of COVID-19 restrictions were disclosed, while uncertainty caused by the situation in Russia and Ukraine and inflation continued. - FY2023-Q3RestatedAnnual report
「During the first nine months of the consolidated fiscal year, progress was being made in containing COVID-19 and restoring economic activity. However, the global economy is expected to remain uncertain due to geopolitical risks such as the situation in Russia and Ukraine, persistent inflation, and soaring energy and raw-material prices.」
The Company reaffirmed that uncertainty about the global economic outlook would continue because of the situation in Russia and Ukraine, inflation and soaring energy and raw-material prices, despite progress in containing COVID-19 and restoring economic activity. - FY2023-Q2SoftenedAnnual report
「During the first six months of the consolidated fiscal year, the spread of COVID-19 had begun to subside, but global conditions are expected to remain uncertain due to geopolitical risks such as the situation in Russia and Ukraine, global inflation and the rapid depreciation of the yen.」
Although the spread of COVID-19 had begun to ease, the disclosure states that uncertainty would continue because of the situation in Russia and Ukraine, global inflation and the rapid depreciation of the yen. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the consolidated fiscal year, the end of the spread of COVID-19 remained unforeseeable. Geopolitical risks, including Russia's invasion of Ukraine, surging resource prices including crude oil, rising inflation and a rapid depreciation of the yen are expected to keep global conditions uncertain.」
In addition to the pandemic and the situation in Russia and Ukraine, the disclosure explicitly identifies surging resource prices, inflation and the rapid depreciation of the yen as factors increasing uncertainty about global conditions. - FY2022WorsenedAnnual report
「During the consolidated fiscal year, the impact of COVID-19 remained unpredictable, while the global economy became more uncertain due to the impact of the situation in Russia and Ukraine.」
The disclosure states that the situation in Russia and Ukraine, in addition to COVID-19, increased uncertainty about the outlook for the global economy. No quantified impact is provided, and no losses arising from the risk itself are disclosed. - FY2022-Q3RestatedAnnual report
「During the third quarter of the consolidated fiscal year under review, the global economy is expected to remain unpredictable due to the continuing effects of COVID-19.」
The disclosure reaffirms that the effects of COVID-19 remain and that the outlook for the global economy continues to be unpredictable. - FY2022-Q2RestatedAnnual report
「During the second quarter of the consolidated fiscal year under review, the global economy showed signs of recovery from the effects of COVID-19, but the outlook is expected to remain unpredictable.」
The disclosure continues to state that, despite signs of recovery in the global economy, the outlook remains unpredictable. - FY2022-Q1SoftenedAnnual report
「During the first quarter of the consolidated fiscal year under review, the global economy showed signs of recovery from the effects of COVID-19, but the uncertain outlook is expected to persist.」
Although the global economy showed signs of recovery, the disclosure states that the outlook remains uncertain. - FY2021-Q3RestatedAnnual report
「During the third quarter of the consolidated fiscal year under review, the spread of COVID-19 and the resulting stagnation of the global economy continued, and the uncertain outlook is expected to persist.」
The disclosure reaffirms that the spread of COVID-19 and the stagnation of the global economy are expected to keep the outlook uncertain. - FY2021-Q2RestatedAnnual report
「During the second quarter of the consolidated fiscal year under review, the spread of COVID-19 and the resulting stagnation of the global economy continued, and although economic activity was gradually beginning to reopen, the uncertain outlook is expected to persist.」
The disclosure reaffirms that COVID-19 and the stagnation of the global economy continue, while the outlook remains uncertain despite signs of economic reopening. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the consolidated fiscal year under review, the spread of COVID-19 and the resulting stagnation of the global economy continued, and although economic activity was gradually beginning to reopen, the business environment surrounding our group had changed substantially and remained difficult, with no clear outlook.」
The spread of COVID-19 and the stagnation of the global economy worsened the previously disclosed uncertainty in the global economy and geopolitical environment into a difficult business environment with no clear outlook. - FY2020-Q2SoftenedAnnual report
「During the second quarter of the consolidated fiscal year under review, crude oil prices, which had generally remained stable, temporarily surged due to geopolitical instability in the Middle East and other factors.」
Although geopolitical instability remains in the Middle East, crude oil prices are described as generally stable, with a temporary surge as the main manifestation of the risk. - FY2019Expansion of risk factorsAnnual report
「Changes in global economic trends and social and political conditions, the status of protectionist trade measures, economic sanctions, and diplomatic relations, shifts in the energy policies of individual countries, and market trends in crude oil, LNG, and metal resource prices may cause customers to cancel or postpone investment plans or change their scope, thereby affecting the performance of our group.」
In addition to the previously disclosed protectionist and geopolitical uncertainty, the disclosure explicitly identifies economic sanctions, diplomatic relations, energy-policy changes, and trends in crude oil, LNG, and metal resource prices as factors affecting customer investment plans. - FY2018RestatedAnnual report
「During the consolidated fiscal year under review, economic conditions remained relatively firm in both Asia and the West, and crude oil prices remained stable in the ¥50-to-¥60-per-barrel range, despite concerns over geopolitical instability on the Korean Peninsula and in the Middle East and the spread of protectionist policies among major countries.」
In addition to geopolitical factors, the disclosure cites concerns over protectionist policies, while describing the Asian, European and U.S. economies as relatively firm and crude oil prices as stable in the ¥50-to-¥60-per-barrel range. - FY2018-Q3RestatedAnnual report
「During the third quarter of the consolidated cumulative period under review, economic conditions remained relatively firm in both Asia and the West despite geopolitical instability on the Korean Peninsula and in the Middle East, while crude oil prices remained stable in the ¥50-to-¥60-per-barrel range.」
The disclosure states that geopolitical instability remained in the Korean Peninsula and the Middle East, while the Asian, European and U.S. economies were relatively firm and crude oil prices were stable in the ¥50-to-¥60-per-barrel range. - FY2018-Q2SoftenedAnnual report
「During the second quarter of the consolidated cumulative period under review, economic conditions surrounding the Company remained relatively firm in both Asia and the West, despite geopolitical instability on the Korean Peninsula and in the Middle East, while crude oil prices were recovering toward the ¥50-per-barrel range.」
Although geopolitical instability on the Korean Peninsula and in the Middle East remained, the Asian, European and U.S. economies were described as relatively firm, and the uncertainty noted through the previous quarter had eased somewhat. - FY2018-Q1RestatedAnnual report
「During the first quarter of the consolidated cumulative period under review, global conditions remained shrouded in uncertainty, including the severance of diplomatic relations with Qatar by Arab countries announced in June, the prolonged civil war in Syria, and political instability in Europe surrounding the UK's withdrawal from the EU.」
The disclosure identifies the severance of diplomatic relations with Qatar, the prolonged civil war in Syria, and political instability in Europe surrounding the UK's withdrawal from the EU as additional factors, while stating that uncertainty in global conditions continues. - FY2017RestatedAnnual report
「During the consolidated fiscal year under review, the global economy was unstable due to the impact of major political upheavals, including the UK's decision in June to leave the EU and the election of a new U.S. president in November, as well as the prolonged civil war in Syria and frequent terrorist attacks around the world.」
The disclosure continues to describe instability in global economic and political conditions against the backdrop of the UK's withdrawal from the EU, the U.S. presidential election, the Syrian civil war, and terrorist attacks. - FY2017-Q3RestatedAnnual report
「Although the OPEC production-cut agreement has raised expectations that crude oil prices have bottomed out, uncertainty remains due to frequent terrorist attacks around the world, concerns about the impact of the UK's withdrawal from the EU, and concerns about the impact of the U.S. presidential election, leaving conditions difficult.」
Although the OPEC production-cut agreement has raised expectations that crude oil prices have bottomed out, the business environment remains uncertain and challenging amid terrorism, the UK's withdrawal from the EU, and concerns about the U.S. presidential election. - FY2017-Q2RestatedAnnual report
「Although there are signs that resource prices have bottomed out, uncertainty remains due to frequent terrorist attacks around the world and concerns about the impact of the UK's withdrawal from the EU on the European economy, leaving conditions difficult.」
Although resource prices appear to have bottomed out, an uncertain and challenging business environment continues amid concerns over terrorism and the UK's withdrawal from the EU. - FY2017-Q1First statedAnnual report
「Uncertainty has increased further due to economic stagnation in emerging countries, frequent terrorist attacks around the world, and concerns about the impact of the UK's withdrawal from the EU on the European economy.」
The disclosure states that uncertainty in the business environment has increased against the backdrop of economic conditions in emerging countries, terrorism, and the UK's withdrawal from the EU.