Uncertainty in the Global Economy and Financial Markets Triggered by the UK's Withdrawal from the EU
First written in FY2017-Q1. 8 of 13 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 15 of 18 companies on the "Worse" side.
19 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual report
「During the fiscal year, the environment surrounding the Group became increasingly uncertain due to global inflation and monetary tightening, stagnation in the Chinese economy, and expanding geopolitical risks, although the US economy remained firm on the back of strong domestic demand.」
Sources of uncertainty in the global economy continue to be cited, but the issue of the UK's withdrawal from the EU is not explicitly mentioned in this filing. - FY2020RestatedAnnual report
「During the fiscal year, the global economy deteriorated amid a worldwide slowdown in trade caused by US-China trade friction, the issue of the UK's withdrawal from the EU, and geopolitical risks in the Middle East and East Asia, among other factors.」
The UK's withdrawal from the EU continues to be cited in the full-year period, together with US-China trade friction and geopolitical risks, as a factor contributing to the deterioration of the global economy. - FY2020-Q3RestatedAnnual report
「In addition, geopolitical risks in the Middle East and East Asia and the issue of the UK's withdrawal from the EU, among other factors, continued.」
The UK's withdrawal from the EU continues to be cited, together with geopolitical risks in the Middle East and East Asia, as a source of uncertainty in the global economy. - FY2020-Q2RestatedAnnual report
「The situation concerning the UK's withdrawal from the EU and geopolitical risks in the Middle East and East Asia remains unpredictable.」
The UK's withdrawal from the EU continues to be cited, together with geopolitical risks, as a source of uncertainty in the global economy. - FY2020-Q1WorsenedAnnual report
「During the first quarter of the fiscal year, uncertainty increased in major markets worldwide as the US-China trade friction became prolonged and the issue of the UK's withdrawal from the EU continued.」
The UK's withdrawal from the EU is cited, together with the prolonged US-China trade friction, as a factor increasing uncertainty in major global markets, representing stronger wording than the previous period's reference to continuing uncertainty. - FY2019RestatedAnnual report
「Uncertainty is expected to persist in the global economy due to the intensifying US-China trade friction, the impact of the UK's withdrawal from the EU, and geopolitical risks in the Middle East and East Asia」
The UK's withdrawal from the EU continues to be cited in the full-year period as a source of uncertainty in the global economy, alongside US-China trade friction and geopolitical risks. - FY2019-Q3WorsenedAnnual report
「In Europe as well, concerns have arisen about the impact on the real economy as growth slowed in China and other major trading markets and the issue of the UK's withdrawal from the EU became more acute.」
Regarding the UK's withdrawal from the EU, the wording has intensified from the continuation of political uncertainty to an increasingly acute situation, and concerns have been raised about the impact on the real economy. - FY2018-Q3RestatedAnnual report
「At the same time, uncertain factors remain, including geopolitical risks in East Asia and the Middle East and movements toward independence in certain regions within the EU.」
Although not the UK's withdrawal from the EU itself, political uncertainty in Europe, including movements toward independence in certain regions within the EU, is stated to remain. - FY2018-Q1MitigatedAnnual report
「In Europe, extreme protectionism was rejected in the French presidential election and the UK general election, political uncertainty receded, and signs of recovery began to emerge in the real economy.」
It is stated that political uncertainty in Europe, including the UK general election, has receded and that signs of recovery have emerged in the real economy, indicating that the uncertainty stemming from the UK's withdrawal from the EU has eased. - FY2017RestatedAnnual report
「The European economy has maintained moderate growth, but financial markets have been turbulent at times due to political uncertainty, including the UK's withdrawal from the EU, raising concerns about the impact on the real economy.」
Political and economic uncertainty in Europe stemming from the UK's withdrawal from the EU, and its impact on financial markets, continue to be cited in the full-year report. - FY2017-Q3RestatedAnnual report
「China and Southeast Asia continued to experience a gradual economic slowdown, while political and economic uncertainty in Europe increased following the UK's referendum on leaving the EU.」
Political and economic uncertainty in Europe following the UK's withdrawal from the EU continues to be cited, with no material change to the existing risks. - FY2017-Q2RestatedAnnual report
「In Europe, concerns about the impact of the UK's decision to leave the EU on regional economies increased. Uncertainty also grew as China's growth slowed and capital investment remained weak, while resource-rich countries faced fiscal pressure from low crude oil prices and deterioration in their real economies.」
Concerns about the impact of the UK's decision to leave the EU on the European economy continue to be identified as an external-environment factor, with no material change to the existing risks. - FY2017-Q1MaterialisedAnnual report
「The UK's June referendum, in which a majority voted to leave the EU, caused significant turmoil in major financial markets worldwide. This heightened political and economic uncertainty in the UK and Europe, and prompted increasingly cautious views on the potential economic impact in the US, China and other Asian countries.」
The referendum result on the UK's withdrawal from the EU, the resulting turmoil in financial markets, and cautious views on the economic impact in each region are identified as external-environment risks for the quarter.