Impact of Crude Oil Prices, Trade Policy, and Political and Economic Uncertainty on Corporate Earnings
First written in FY2018-Q2. 10 of 25 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2022: 105 of 134 companies on the "Worse" side.
- FY2026-H1Recovery trends coexist with geopolitical and trade risksAnnual report
「During the interim consolidated accounting period, Japan's economy recovered gradually as personal consumption and capital investment picked up against a backdrop of improving employment and income conditions. However, uncertainty about the outlook continued, with attention required on the impact of energy price trends amid heightened tensions in the Middle East, downside risks to the economy associated with US trade policy, and volatility in financial and capital markets.」
While personal consumption and capital investment were shown to be recovering, uncertainty stemming from the situation in the Middle East, energy prices, US trade policy and volatility in financial and capital markets continued. - FY2025-H1Economic recovery alongside policy and market uncertaintyAnnual report
「During the interim consolidated accounting period, Japan's economy recovered gradually against a backdrop of improving employment and income conditions. Although some weakness remained, personal consumption also showed signs of recovery. However, uncertainty about the outlook continued, including the impact of sustained price increases on personal consumption, the effects of US policy developments such as trade policy, and volatility in financial and capital markets.」
While improving employment and income conditions and a recovery in personal consumption were indicated, uncertainty about the outlook stemming from rising prices, US trade policy and volatility in financial and capital markets continued. - FY2024-Q2RestatedAnnual report
「During the first two quarters of the fiscal year, Japan's economy was gradually recovering in the post-COVID-19 period. However, uncertainty about the outlook continued amid downside risks to the economy, including soaring crude oil and raw material prices resulting from the yen's depreciation and heightened geopolitical risks related to the situations in Ukraine and Israel, as well as monetary tightening to counter inflation.」
While there were signs of an economic recovery, the company reaffirmed downside risks to the economy from the weak yen, geopolitical risks, soaring crude oil and raw material prices, and monetary tightening. - FY2024-Q1RestatedAnnual report
「During the first quarter of the fiscal year, Japan's economy was gradually recovering in the post-COVID-19 period. However, uncertainty about the outlook continued amid downside risks to the economy, including soaring crude oil and raw material prices resulting from the yen's depreciation and heightened geopolitical risks related to the situations in Ukraine and Israel, as well as monetary tightening to counter inflation.」
While there were signs of an economic recovery in the post-COVID-19 period, the company reaffirmed downside risks from the weak yen, geopolitical risks, soaring crude oil and raw material prices, and monetary tightening. - FY2023WorsenedAnnual report
「Japan's economy is expected to recover toward pre-COVID-19 levels, but uncertainty about the outlook continues amid downside risks to the economy, including soaring crude oil and raw material prices resulting from the yen's depreciation and heightened geopolitical risks related to the situations in Ukraine and Israel, as well as monetary tightening to counter inflation.」
While indicating expectations for an economic recovery, the company identified the weak yen, geopolitical risks including the situation in Israel, soaring crude oil and raw material prices, and downside risks from monetary tightening as new factors contributing to uncertainty. - FY2023-Q3RestatedAnnual report
「During the first three quarters of the fiscal year, Japan's economy showed signs of recovery in economic activity as restrictions imposed to prevent the spread of COVID-19 were eased. However, the economic outlook in Japan and overseas remained uncertain amid rising prices, interest rate hikes and the prolonged situation in Ukraine.」
While there were signs of a recovery in economic activity, the company reaffirmed the uncertainty about the outlook stemming from rising prices, interest rate hikes and the prolonged situation in Ukraine. - FY2023-Q2WorsenedAnnual report
「During the cumulative consolidated period for the second quarter, Japan issued priority preventive measures in response to the renewed spread of COVID-19 variants. In addition, the outlook remains uncertain due to concerns about inflation caused by surging crude oil and raw material prices, Russia's invasion of Ukraine and other factors.」
The renewed spread of COVID-19 variants, soaring crude oil and raw material prices, inflation concerns and Russia's invasion of Ukraine were identified as factors contributing to uncertainty about the outlook. - FY2023-Q1Recovery and uncertainty coexistAnnual report
「During the first quarter of the fiscal year, Japan's economy showed signs of recovery in economic activity as restrictions imposed to prevent the spread of COVID-19 were eased. However, the economic outlook in Japan and overseas remained uncertain amid rising prices, interest rate hikes and the prolonged situation in Ukraine.」
While the easing of activity restrictions indicated signs of an economic recovery, uncertainty stemming from rising prices, interest rate hikes and the prolonged situation in Ukraine continued. - FY2022WorsenedAnnual report
「During the fiscal year ended September 2023, Japan's economy was expected to recover, supported by the effects of measures to prevent the spread of COVID-19 and various government policies. However, uncertainty about the outlook continued amid the rapid depreciation of the yen, concerns about inflation driven by soaring crude oil and raw material prices, and heightened geopolitical risks related to the situation in Ukraine.」
In addition to the existing risks related to infectious diseases, crude oil prices and geopolitics, the rapid depreciation of the yen and soaring raw material prices were identified as factors contributing to uncertainty about the outlook. - FY2022-Q3RestatedAnnual report
「During the cumulative consolidated period for the third quarter, although the impact of COVID-19 continued, there were signs of moves toward economic recovery, including the easing of activity restrictions. Meanwhile, the outlook remained uncertain due to concerns about inflation caused by surging crude oil and raw material prices and rising geopolitical risks related to the situation in Ukraine and other factors.」
While moves toward economic recovery were evident, geopolitical risks and uncertainty over the outlook arising from surging crude oil and raw material prices, concerns about inflation and the situation in Ukraine were reconfirmed. - FY2022-Q2WorsenedAnnual report
「During the cumulative consolidated period for the second quarter, Japan issued priority preventive measures in response to the renewed spread of COVID-19 variants. In addition, the outlook remains uncertain due to concerns about inflation caused by surging crude oil and raw material prices, Russia's invasion of Ukraine and other factors.」
In addition to the existing impact of infectious diseases, surging crude oil and raw material prices, concerns about inflation and Russia's invasion of Ukraine are identified as new factors contributing to uncertainty over the outlook. - FY2022-Q1Improving external conditions coexist with continued uncertaintyAnnual report
「During the cumulative consolidated period for the first quarter, the Japanese economy showed signs of recovery in corporate and economic activity due to the effects of various government measures addressing the spread of COVID-19. However, the situation remains unpredictable due to the emergence of COVID-19 variants and concerns about inflation.」
While the effects of government measures have supported a recovery in corporate and economic activity, uncertainty due to the emergence of variants and concerns about inflation continues. - FY2021-Q3MaterialisedAnnual report
「During the cumulative consolidated period for the third quarter, the Japanese economy showed signs of recovery in corporate and economic activity due to the effects of various government measures addressing the spread of COVID-19. However, the outlook remains extremely uncertain, as the number of infections in Japan and overseas has again begun to rise. Against this backdrop, the utilization rate in the company's engineer staffing business declined in the IT, machinery, and electrical and electronic fields due to the impact of the spread of COVID-19.」
The number of infections has risen again and uncertainty over the outlook continues, with the impact of COVID-19 appearing in practice as a lower utilization rate in the IT, machinery, and electrical and electronic fields. - FY2021-Q2MaterialisedAnnual report
「The outlook remains extremely uncertain, as the number of infections in Japan and overseas has again begun to rise. Against this backdrop, the utilization rate in the company's engineer staffing business declined in the IT, machinery, and electrical and electronic fields due to the impact of the spread of COVID-19.」
Continued uncertainty in the external environment due to COVID-19 has resulted in an actual business impact in the form of a lower utilization rate in the IT, machinery, and electrical and electronic fields. - FY2021-Q1MaterialisedAnnual report
「Against this backdrop, the utilization rate in the company's engineer staffing business declined in the IT, machinery, and electrical and electronic fields due to the impact of the spread of COVID-19.」
Uncertainty in the external environment due to COVID-19 has appeared in the current quarter as a lower utilization rate in the IT, machinery, and electrical and electronic fields. - FY2020MaterialisedAnnual report
「Against this backdrop, demand for engineers in the IT, machinery, electrical and electronic, and chemical and biotechnology fields increased in the company's engineer staffing business, but the utilization rate temporarily declined due to the impact of the spread of COVID-19.」
Uncertainty over the outlook due to COVID-19 has appeared in full-year operating results as stagnant demand for engineers and a lower utilization rate. - FY2020-Q3MaterialisedAnnual report
「During the consolidated accounting period for the third quarter (April to June 2020), demand for engineers, particularly in the Tokyo metropolitan region, tended to stagnate due to the spread of COVID-19. Delays in securing contracts affected some newly graduated engineers who joined the company in April 2020 and some existing engineers, and the utilization rate remained below the year-earlier level.」
Uncertainty over the outlook due to COVID-19 has affected actual business operations through stagnant demand for engineers in the Tokyo metropolitan region, delays in securing contracts and a lower utilization rate. - FY2020-Q2WorsenedAnnual report
「Meanwhile, the outlook remains uncertain due to uncertainty in overseas economies arising from the prolonged U.S.-China trade tensions and slowdown of the Chinese economy, as well as concern over the spread of COVID-19.」
In addition to the previously identified uncertainty arising from U.S.-China trade tensions and the slowdown of the Chinese economy, concern over the spread of COVID-19 has been newly noted, broadening the factors contributing to uncertainty over the outlook. - FY2020-Q1RestatedAnnual report
「Meanwhile, the outlook remains uncertain due to uncertainty in overseas economies arising from U.S.-China trade tensions, the slowdown of the Chinese economy and other factors.」
The continued uncertainty over the outlook due to U.S.-China trade tensions, the slowdown of the Chinese economy and uncertainty in overseas economies is noted. - FY2019-Q3RestatedAnnual report
「Meanwhile, the outlook remains uncertain, owing in part to protectionist trade issues involving the U.S. administration.」
The continuation of uncertainty over the outlook due to protectionist trade issues and other factors is reconfirmed. - FY2019-Q2RestatedAnnual report
「Meanwhile, the outlook remains uncertain, owing in part to protectionist trade issues involving the U.S. administration.」
Uncertainty in the business environment arising from protectionist trade issues and other factors is reconfirmed as an existing external risk. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
No significant changes are identified in the existing risks, including uncertainty surrounding crude oil prices, trade policy, overseas economies and international financial markets. - FY2018RestatedAnnual report
「However, amid surging crude oil prices, developments in U.S. trade policy, uncertainty in overseas economies due to political factors and volatility in international financial markets, the outlook for the global economy remains uncertain, and attention must be paid to the potential impact on corporate earnings going forward.」
Uncertainty surrounding crude oil prices, U.S. trade policy, overseas economies and international financial markets is again identified as an external risk. - FY2018-Q3RestatedAnnual report
「However, given the surge in crude oil prices, developments in U.S. trade policy and political and economic uncertainty in the Middle East, Asia and Europe, the situation remains one in which attention must be paid to the potential impact on corporate earnings going forward.」
Crude oil prices, U.S. trade policy and political and economic conditions in multiple regions are again identified as external risks that could affect corporate earnings. - FY2018-Q2First statedAnnual report
「However, given the surge in crude oil prices, developments in U.S. trade policy and political and economic uncertainty in the Middle East, Asia and Europe, the situation remains one in which attention must be paid to the potential impact on corporate earnings going forward.」
Crude oil prices, U.S. trade policy and political and economic conditions in multiple regions are identified as external risks that could affect corporate earnings going forward.