Uncertainty in Overseas Economies and an Unclear Economic Outlook
First written in FY2017-Q3. 10 of 24 entries say "Restated". Latest entry: FY2025-H1.
Sankyo moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2019: 99 of 177 companies on the "Worse" side.
66 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「During the current interim consolidated fiscal period, employment and income conditions were improving and a gradual recovery was expected to continue. However, a downturn in overseas economies, rising prices, and the situation in the Middle East are raising concerns as downside risks to the economy, and the outlook remains uncertain.」
While improvements in employment and income conditions and expectations for an economic recovery have been expressed, a downside to overseas economic conditions, inflation and the situation in the Middle East continue to be cited as downside risks to the economy. - FY2024Economic normalization and continuing concerns over a slowdown overseasAnnual report
「Following the transition of COVID-19 to a Class 5 infectious disease, economic activity normalized and inbound demand recovered, while improvements in employment and income conditions provided support for a moderate recovery trend. However, concerns over a slowdown in overseas economies, including the effects of global inflation and monetary tightening, left the outlook uncertain.」
While progress toward normalization has been noted, including the transition of COVID-19 to a Class 5 infectious disease and the recovery in inbound demand, global inflation, monetary tightening and concerns over a slowdown in overseas economies continue to be cited. - FY2024-Q3Economic normalization and continued concerns over a slowdown overseasAnnual report
「During the first 9 months of the current consolidated fiscal year, economic activity normalized following the reclassification of COVID-19 as a Class 5 disease, and a gradual recovery continued, supported by the recovery in inbound demand and improvements in employment and income conditions. However, the outlook remains uncertain amid concerns about a slowdown in overseas economies due to the impact of global inflation and monetary tightening.」
While progress toward economic normalization has been noted, including the transition of COVID-19 to a Class 5 infectious disease and the recovery in inbound demand, global inflation, monetary tightening and concerns over a slowdown in overseas economies have been cited as new factors contributing to uncertainty. - FY2024-Q2RestatedAnnual report
「During the six months ended the second quarter of the consolidated fiscal year under review, the Japanese economy continued to recover moderately as economic activity normalized further, supported by improvements in employment and income conditions. However, inflation due to soaring resource prices and the yen's depreciation continued, leaving the outlook uncertain.」
While the normalization of economic activity and a recovery trend have been noted, uncertainty over the outlook due to soaring resource prices, the yen's depreciation and inflation continues to be cited. - FY2024-Q1RestatedAnnual report
「During the first 3 months of the current consolidated fiscal year, the economy was gradually recovering as economic activity normalized, and a recovery path was expected to continue, supported by improving employment and income conditions. However, the downturn in overseas economies and the impact of rising prices pose downside risks to the economy.」
While expectations for the normalization of economic activity and a recovery trend have been expressed, a downside to overseas economic conditions and inflation continue to be cited as downside risks to the economy. - FY2023-Q3WorsenedAnnual report
「During the first 9 months of the current consolidated fiscal year, efforts were made to balance social and economic activity as Japan moved toward a new phase of living with COVID-19, and a recovery in economic conditions was expected. However, the outlook remains uncertain as global monetary tightening continued, overseas economies weakened, and prices rose due to surging resource prices and the depreciation of the yen.」
While expectations for economic normalization remain, global monetary tightening, a downside to overseas economic conditions, soaring resource prices and inflation caused by the yen's depreciation have been cited as factors contributing to uncertainty over the outlook, intensifying external environmental risks. - FY2023-Q2RestatedAnnual report
「During the first 6 months of the current consolidated fiscal year, economic normalization progressed as border controls and restrictions on activities were eased amid the transition to a new phase of living with COVID-19, and a recovery in economic conditions was expected. However, the outlook remains uncertain against a backdrop of rising prices caused by surging resource prices and the depreciation of the yen.」
While expectations for economic normalization have been expressed, rising resource prices and inflation caused by the yen's depreciation continue to be cited as new factors contributing to uncertainty over the outlook. - FY2023-Q1WorsenedAnnual report
「During the first 3 months of the current consolidated fiscal year, a recovery in economic conditions was expected as economic normalization progressed. However, the outlook remains uncertain amid growing concerns about inflation due to the resurgence of COVID-19, surging resource prices, and the rapid depreciation of the yen.」
In addition to the resurgence of COVID-19, soaring resource prices and concerns over inflation caused by the yen's rapid depreciation have emerged as new factors contributing to uncertainty, intensifying external environmental risks. - FY2022WorsenedAnnual report
「During the current consolidated fiscal year, economic activity was moving toward normalization as comprehensive measures were taken to contain COVID-19, and a recovery in economic conditions was expected despite the prolonged impact of the pandemic. However, uncertainty about the outlook has intensified rapidly due to the escalating situation in Ukraine and surging resource prices.」
In addition to the existing impact of COVID-19, heightened tensions surrounding Ukraine and soaring resource prices have been cited as new factors contributing to uncertainty. - FY2022-Q3WorsenedAnnual report
「During the cumulative third quarter, Japan's economy showed signs of recovery as the number of new infections trended downward amid rising COVID-19 vaccination rates and infection-control measures. However, concerns about a resurgence increased following the emergence of new variants, leaving the outlook uncertain.」
Although economic activity showed signs of recovery, concerns over a resurgence caused by the emergence of new variants added to the risks, intensifying uncertainty in the external environment. - FY2022-Q2RestatedAnnual report
「During the six months ended the second quarter of the consolidated fiscal year under review, the Japanese economy remained in a difficult situation as the impact of the spread of COVID-19 continued for an extended period, measures including states of emergency were implemented across the country, and economic activity was restricted. Going forward, however, economic activity is expected to normalize as vaccination rates rise and states of emergency and other measures are lifted.」
Restrictions on economic activity due to the spread of COVID-19 and states of emergency have continued, reaffirming the severity of economic conditions. At the same time, expectations for normalization following higher vaccination rates and the lifting of the declarations have also been noted. - FY2021WorsenedAnnual report
「During the current consolidated fiscal year, the outlook for containing COVID-19 remained unclear and signs of a resurgence were observed. As concerns grew that the impact on the economy would be prolonged, uncertainty about the economic outlook continued.」
The outlook for containment of COVID-19 remains unclear, and the risk of a resurgence and prolonged economic impact has been noted as a concern. - FY2021-Q3WorsenedAnnual report
「However, infections increased from the end of 2020, and a state of emergency was reintroduced in 2021. Depending on the future course of the COVID-19 pandemic, the domestic and overseas economies could weaken, leaving the economic outlook highly uncertain.」
The increase in infections and reintroduction of the state of emergency have been explicitly noted, intensifying the downside risk to the economy from COVID-19 and uncertainty over the outlook. - FY2021-Q2RestatedAnnual report
「During the six months ended the second quarter of the consolidated fiscal year under review, economic activity had begun to resume following the full lifting of the state of emergency declared in response to the spread of COVID-19, but a full recovery was expected to take considerable time, and the outlook remained uncertain.」
Although economic activity had begun to resume, a full recovery was expected to take considerable time, and the uncertain outlook was noted as continuing. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the consolidated fiscal year under review, the Japanese economy was in an extremely difficult situation as economic activity stagnated due to the spread of COVID-19 and economic indicators and other data continued to deteriorate.」
In addition to the existing trade issues and uncertainty in overseas economies, the stagnation of economic activity and deterioration in economic indicators caused by the spread of COVID-19 have been explicitly noted, intensifying uncertainty over the economic outlook. - FY2020-Q3WorsenedAnnual report
「During the first 9 months of the current consolidated fiscal year, employment and income conditions continued to improve. However, concerns about the impact on domestic and overseas economies of uncertainty in the international economy, including trade issues between other countries, and rising geopolitical risks in the Middle East have left the outlook uncertain.」
In addition to the existing uncertainty in the international economy and trade issues, rising geopolitical risks in the Middle East have been explicitly noted, intensifying uncertainty in the external environment. - FY2020-Q2RestatedAnnual report
「Meanwhile, the outlook remains uncertain due to uncertainty in the international economy, including trade issues between other countries, as well as concerns in Japan over weaker consumer sentiment following the consumption tax increase in October.」
In addition to uncertainty in the international economy, concerns over weaker consumer sentiment following the consumption tax increase have been cited as factors contributing to an uncertain economic outlook. - FY2020-Q1RestatedAnnual report
「During the first 3 months of the current consolidated fiscal year, corporate earnings remained firm and employment and income conditions continued to improve. However, companies have shown some caution in assessing business conditions due to trade issues involving other countries and uncertainty surrounding overseas economies, leaving the outlook uncertain.」
Trade issues involving other countries and uncertainty in overseas economies continue to be cited as factors contributing to an uncertain outlook. - FY2019RestatedAnnual report
「During the current consolidated fiscal year, the Japanese economy continued on a gradual recovery path, supported by solid corporate performance and ongoing improvements in employment and income conditions. However, the outlook remains uncertain due to the impact of trade issues involving other countries and the slowdown of the Chinese economy.」
Trade issues involving other countries and the slowdown of the Chinese economy continue to be cited as factors contributing to an uncertain outlook for the economy. - FY2019-Q3Risk re-emergenceAnnual report
「During the first 9 months of the current consolidated fiscal year, the Japanese economy continued on a gradual recovery path against a backdrop of recovering corporate performance and improving employment and income conditions. At the same time, the impact of escalating US-China trade friction on the global economy was identified as a concern for the outlook.」
The intensification of U.S.-China trade tensions and their impact on the global economy have been noted again as future concerns related to external environmental risks that were not explicitly stated in the previous year's report. - FY2018DroppedAnnual report
「During the current consolidated fiscal year, the Japanese economy continued on a gradual recovery path, supported by strong corporate performance and steady improvements in employment conditions.」
The downside risks to the economy arising from uncertainty in overseas economies and geopolitical risks, which had been described through the previous quarter, are not explicitly stated in this annual securities report. - FY2018-Q2WorsenedAnnual report
「During the first 6 months of the current consolidated fiscal year, the Japanese economy continued on a recovery path, supported by improvements in employment conditions and strong corporate performance. However, the outlook remains uncertain because international conditions are unstable, including rising geopolitical risks.」
The increasing geopolitical risks and instability in international affairs are explicitly stated, with uncertainty in the external environment described in stronger terms. - FY2018-Q1RestatedAnnual report
「At the same time, geopolitical risks and policy developments in the United States and Europe are recognized as medium- to long-term downside risks to the economy.」
Downside risks to the economy arising from geopolitical risks and policy developments in the United States and Europe continue to be recognized as risks in the external environment. - FY2017-Q3First statedAnnual report
「However, the outlook remains uncertain due to uncertainty surrounding overseas economies and other factors.」
Uncertainty in overseas economies and a lack of clarity regarding the economic outlook are cited as risks in the external environment.