Uncertainty over the outlook due to negative interest rates and the UK’s withdrawal from the EU
First written in FY2017-Q1. 4 of 15 entries say "Restated". Latest entry: FY2021.
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- FY2021DroppedAnnual report
「The outlook is expected to remain uncertain, with concerns including a slowdown in the global economy due to the spread of the novel coronavirus.」
The specific concerns previously cited, including trade issues between the US and China, the UK’s withdrawal from the EU, and geopolitical risks, are no longer present in this year’s risk disclosure, which has been reorganized around uncertainty caused by the novel coronavirus. - FY2020-Q3Refinement of the wording of factors of concernAnnual report
「Meanwhile, the outlook remains uncertain due to factors including developments in trade issues between the US and China and the consumption tax increase.」
The company maintains the framework of an uncertain outlook and cites trade issues between the US and China and the consumption tax increase as factors of concern. The explicit reference to negotiations over the UK’s withdrawal from the EU that appeared through the previous quarter has been removed. - FY2020-Q2Concern addedAnnual report
「Meanwhile, uncertainty over the impact on the Japanese economy of factors including developments in trade issues between the US and China and developments in negotiations over the UK’s withdrawal from the EU remains high. In addition, the outlook continues to be uncertain due to factors including the impact of the consumption tax increase scheduled for October.」
In addition to trade issues between the US and China and negotiations over the UK’s withdrawal from the EU, the company cites the impact of the consumption tax increase scheduled for October as a factor creating uncertainty over the outlook. - FY2020-Q1RestatedAnnual report
「Meanwhile, uncertainty over the impact on the Japanese economy of factors including developments in trade issues between the US and China and developments in negotiations over the UK’s withdrawal from the EU remains high, and the outlook continues to be uncertain.」
The company cites trade issues between the US and China and negotiations over the UK’s withdrawal from the EU as sources of uncertainty for the Japanese economy and continues to describe the outlook as uncertain. - FY2019Update to specific examples of concern factorsAnnual report
「Meanwhile, uncertainty over the impact on the Japanese economy of factors including developments in trade issues between the US and China and developments in negotiations over the UK’s withdrawal from the EU remains high, and the outlook continues to be uncertain.」
The company maintains the framework of an uncertain outlook and cites trade issues between the US and China and negotiations over the UK’s withdrawal from the EU as specific sources of uncertainty. - FY2019-Q3Update to specific examples of concern factorsAnnual report
「Meanwhile, uncertainty over the impact on the Japanese economy of factors including the US-China trade war and the UK’s withdrawal from the EU remains high, and the outlook continues to be uncertain.」
The company maintains the framework of an uncertain outlook and cites the US-China trade war and the UK’s withdrawal from the EU as sources of uncertainty for the Japanese economy. It did not state that any specific losses had occurred. - FY2019-Q2Simplification of factors of concernAnnual report
「Meanwhile, uncertainty over the impact on the Japanese economy of factors including US policy developments is increasing, and the outlook continues to be uncertain.」
The company maintains the framework of an uncertain outlook and concerns over US policy developments. References to specific geopolitical risks, including those in East Asia, that had appeared previously have been removed, with the description consolidated under the term uncertainty. - FY2018RestatedAnnual report
「Meanwhile, concerns remain over the impact on the Japanese economy of factors including rising geopolitical risks in East Asia and US policy developments, and the outlook continues to be uncertain.」
The company continues to cite geopolitical risks in East Asia and US policy developments as factors creating uncertainty over the outlook. - FY2018-Q3Greater specificity regarding regions of concernAnnual report
「Meanwhile, concerns remain over the impact on the Japanese economy of factors including rising geopolitical risks in East Asia and US policy developments, and the outlook continues to be uncertain.」
The company maintains the framework of an uncertain outlook and concerns over US policy developments, while specifying East Asia as the focus of geopolitical risks. It did not state that any specific losses had occurred. - FY2018-Q2Updated wording for factors of concernAnnual report
「Meanwhile, concerns remain over the impact on the Japanese economy of factors including rising geopolitical risks and US policy developments, and the outlook continues to be uncertain.」
The company maintains the framework of an uncertain outlook while describing the factors of concern as rising geopolitical risks and US policy developments. It did not state that any specific losses had occurred. - FY2018-Q1RestatedAnnual report
「Meanwhile, concerns remain over the impact on the Japanese economy of factors including geopolitical risks involving North Korea and policy developments under the new US administration, and the outlook continues to be uncertain.」
The company continues to cite geopolitical risks involving North Korea and policy developments under the new US administration as factors creating uncertainty over the outlook. It did not state that any specific losses had occurred. - FY2017Update to specific examples of concern factorsAnnual report
「Meanwhile, concerns remain over the impact on the Japanese economy of factors including geopolitical risks involving North Korea, the UK’s withdrawal from the EU, and US policy developments, and the outlook continues to be uncertain.」
The company maintains the framework of an uncertain outlook and cites geopolitical risks involving North Korea, the UK’s withdrawal from the EU, and US policy developments as specific examples. - FY2017-Q3Update to specific examples of concern factorsAnnual report
「Against this backdrop, the Group actively pursued orders. As a result, during the nine-month cumulative period, net sales were ¥4,880 million, down ¥716 million, or 12.8%, year on year, while orders received were ¥6,784 million, up ¥2,668 million, or 64.8%.」
The framework of an uncertain outlook remains unchanged. The specific uncertainties cited are the UK’s withdrawal from the EU and the establishment of a new US administration, replacing the negative interest rates and outcome of the US presidential election cited in the previous quarter. - FY2017-Q2RestatedAnnual report
「Meanwhile, with personal consumption stagnating, the outlook remains uncertain due to factors including the continuation of negative interest rates by the Bank of Japan and the outcome of the US presidential election.」
The company identified the continuation of negative interest rates and the outcome of the US presidential election as factors creating uncertainty over the outlook. It did not state that any specific losses had occurred. - FY2017-Q1First statedAnnual report
「Meanwhile, concerns remain over the impact of the Bank of Japan’s introduction of negative interest rates and the UK’s withdrawal from the EU, and the outlook continues to be uncertain.」
The company first explicitly identified external conditions, including the introduction of negative interest rates and the UK’s withdrawal from the EU, as factors creating uncertainty over the outlook. It did not state that any specific losses had occurred.