Risk of Downward Pressure on Economic Activity from the United Kingdom’s Exit from the EU and Economic Downturns in Emerging Asian Economies
First written in FY2017-Q1. 15 of 30 entries say "Reframed", first in FY2017-Q3. Latest entry: FY2026.
Kyosan Electric Manufacturing moved to the "Worse" side of this theme in 2025, 6 years after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 131 of 176 companies on the "Worse" side.
19 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Although Japan's economy was said to be on a moderate recovery trend, the business environment remained uncertain because of continued price increases, the impact on the economy of policy developments overseas, particularly in the US, and the emergence of geopolitical risks in the Middle East.」
The focus of the factors contributing to economic uncertainty has shifted from China's economy and resource prices to price increases, US policy developments and geopolitical risks in the Middle East. - FY2026-H1ReframedAnnual report
「During the current interim consolidated accounting period, Japan's economy was said to be recovering moderately, but the outlook remained uncertain due to higher resource and raw material prices, rising prices resulting from yen depreciation, and heightened international tensions.」
Regarding factors contributing to the uncertain economic outlook, the description has shifted from the slowdown in China's economy and other factors cited in the previous fiscal year to higher resource and raw material prices, price increases caused by yen depreciation and heightened global tensions. - FY2025ReframedAnnual report
「During the current consolidated fiscal year, Japan's economy remained uncertain because of downside risks from the slowdown in China's economy, global price increases, US policy developments and global geopolitical risks.」
The factors cited as contributing to economic uncertainty have shifted from shortages of semiconductors and the situation in Ukraine to the slowdown in China's economy, global price increases, US policy developments and geopolitical risks. - FY2025-H1ReframedAnnual report
「During the current interim consolidated accounting period, Japan's economy continued to recover moderately, but the outlook remained uncertain due to the slowdown in the Chinese economy and continued increases in raw material prices.」
Regarding factors contributing to the uncertain economic outlook, the company explicitly identifies the continued increase in raw material prices and the slowdown in China's economy, replacing the previously cited shortages of semiconductors and electronic components and the situation in Ukraine. - FY2024-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, Japan's economy continued to face an uncertain outlook. Although socioeconomic activity was returning to normal, including through the reclassification of COVID-19 to Category 5, shortages of some semiconductors and electronic components had not been completely resolved, while the weaker yen, rising prices and higher resource prices resulting from the prolonged situation in Ukraine also had an impact.」
While noting the normalization of social and economic activity, the company continues to identify supply shortages, yen depreciation, higher prices and higher resource prices resulting from the situation in Ukraine as factors contributing to economic uncertainty. - FY2024-Q2ReframedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy remained uncertain. Social and economic activity was returning to normal following the reclassification of the novel coronavirus disease as a Class 5 infectious disease, but shortages of some semiconductors and electronic components continued, while the yen weakened, prices rose and resource prices increased because of the protracted situation in Ukraine.」
While noting the normalization resulting from the reclassification of the novel coronavirus disease as a Class 5 infectious disease, the company additionally identifies shortages of semiconductors and electronic components, yen depreciation, higher prices and higher resource prices resulting from the situation in Ukraine as factors contributing to uncertainty. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy remained uncertain. Although restrictions on activity imposed because of the novel coronavirus disease were eased and social and economic activity was increasingly returning to normal, global shortages of semiconductors and electronic components, as well as higher resource prices resulting from the protracted situation in Ukraine, continued to weigh on the outlook.」
While noting the easing of restrictions on activity and the normalization of social and economic activity, the company continues to cite shortages of semiconductors and electronic components and higher resource prices resulting from the situation in Ukraine as factors contributing to the uncertain outlook. - FY2023-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, Japan's economy was gradually returning to normal as restrictions on activities imposed in response to COVID-19 were eased. However, the outlook remained uncertain due to the global shortage of semiconductors and electronic components and higher resource prices resulting from the prolonged situation in Ukraine.」
While noting the easing of restrictions on activity and the normalization of social and economic activity, the company continues to identify the macro risk of an uncertain outlook resulting from supply shortages and higher resource prices. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy remained uncertain. Although restrictions on activity imposed because of the novel coronavirus disease were eased and social and economic activity was gradually returning to normal, global shortages of semiconductors and electronic components, as well as higher resource prices resulting from the protracted situation in Ukraine, continued to weigh on the outlook.」
While noting the easing of restrictions on activity and the normalization of social and economic activity, the company continues to identify shortages of semiconductors and electronic components and higher resource prices resulting from the situation in Ukraine as factors contributing to economic uncertainty. - FY2023-Q1ReframedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy remained in an uncertain situation due to the continued impact of COVID-19, the global shortage of semiconductors and electronic components, and higher resource prices resulting from the prolonged situation in Ukraine.」
In addition to the novel coronavirus disease and shortages of semiconductors and electronic components, the company explicitly identifies the protracted situation in Ukraine and higher resource prices as factors contributing to the uncertain economic outlook. - FY2022ReframedAnnual report
「During the current consolidated fiscal year, Japan's economy remained uncertain because the effects of the novel coronavirus disease continued and because of global shortages of semiconductors and electronic components.」
In addition to the novel coronavirus disease, the company explicitly identifies global shortages of semiconductors and electronic components as factors contributing to economic uncertainty. - FY2022-Q3ReframedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy remained uncertain because the effects of the novel coronavirus disease continued and because of the global shortages of semiconductors and electronic components.」
In addition to the novel coronavirus disease, the company explicitly identifies global shortages of semiconductors and electronic components as factors contributing to the uncertain economic outlook. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy remained uncertain because the effects of the novel coronavirus disease continued.」
The company continues to indicate that the effects of the novel coronavirus disease persist and that the economic environment remains uncertain. - FY2021ReframedAnnual report
「During the current consolidated fiscal year, Japan's economy remained unstable and uncertain because of global trade conditions, economic conditions in various countries, the consumption tax increase and the global spread of the novel coronavirus.」
In addition to the uncertainty arising from trade and economic conditions, the company explicitly identifies the consumption tax increase and the global spread of the novel coronavirus. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy continued on a moderate recovery trend against a backdrop of robust employment and income conditions, but remained unstable and uncertain because of the impact of trade and economic conditions in various countries and the effects of the consumption tax increase.」
The company continues to cite the macro risk of an unstable and uncertain economic outlook resulting from trade and economic conditions in various countries, the consumption tax increase and other factors. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy remained unstable and uncertain, as the effects of the novel coronavirus disease continued for an extended period, despite moves toward the resumption of economic activity in Japan and overseas.」
The company continues to view the economic environment as unstable and uncertain, even as the effects of the novel coronavirus disease persist and economic activity begins to resume. - FY2020ReframedAnnual report
「During the current consolidated fiscal year, Japan's economy remained unstable and uncertain because of global trade conditions, economic conditions in various countries, the consumption tax increase and the global spread of the novel coronavirus.」
In addition to the uncertainty arising from trade and economic conditions, the company explicitly identifies the consumption tax increase and the global spread of the novel coronavirus as factors. - FY2020-Q3ReframedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy continued on a moderate recovery trend against a backdrop of robust employment and income conditions, but remained unstable and uncertain because of the impact of trade and economic conditions in various countries and the effects of the consumption tax increase.」
The company explicitly identifies the effects of the consumption tax increase, in addition to trade and economic conditions in various countries, as factors contributing to the uncertain economic outlook. - FY2020-Q2ReframedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy continued on a moderate recovery trend against a backdrop of improving employment conditions and other factors, but remained unstable and uncertain because of the impact of trade and economic conditions in various countries and elsewhere.」
The description of factors contributing to the uncertain economic outlook has been changed from one centered on political and trade conditions to one referring to the impact of trade and economic conditions in various countries and elsewhere. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy continued on a moderate recovery trend against a backdrop of improving employment conditions and corporate earnings, but remained unstable and uncertain because of the impact of political and trade conditions in various countries and elsewhere.」
The company continues to cite the macro risk of an unstable and uncertain economic outlook resulting from the political and trade conditions of various countries and other factors. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy continued on a moderate recovery trend against a backdrop of improving employment conditions and corporate earnings, but remained unstable and uncertain because of the impact of political and trade conditions in various countries and elsewhere.」
The company continues to cite the macro risk of an unstable and uncertain economic outlook resulting from the political and trade conditions of various countries and other factors. - FY2019-Q2ReframedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy continued on a moderate recovery trend due to the continuation of the government's economic policies and other measures, but remained unstable and uncertain because of the impact of political and trade conditions in various countries and elsewhere.」
The description of factors contributing to the uncertain economic outlook has changed from the previous reference to global political and trade conditions and volatility in financial and capital markets to an unstable and uncertain situation resulting from the political and trade conditions of various countries and other factors. - FY2019-Q1ReframedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy continued on a moderate recovery trend due to the continuation of the government's economic policies and other measures, but remained uncertain because of the impact of unstable political and trade conditions worldwide and volatility in financial and capital markets.」
In addition to the previously cited global political situation and volatility in financial and capital markets, the company now explicitly identifies unstable trade conditions as a factor contributing to the uncertain economic outlook. - FY2018RestatedAnnual report
「During the current consolidated fiscal year, Japan's economy continued on a moderate recovery trend due to the continuation of the government's economic policies and other measures, but remained uncertain because of the impact of unstable political conditions worldwide and volatility in financial and capital markets.」
The company continues to cite the macro risk of an uncertain economic outlook resulting from the global political situation and volatility in financial and capital markets. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy continued on a moderate recovery trend due to the continuation of the government's economic policies and other measures, but remained uncertain because of the impact of economic uncertainty arising from unstable political conditions worldwide and volatility in financial and capital markets.」
The company continues to identify the risk of an uncertain economic outlook resulting from the global political situation, economic uncertainty and volatility in financial and capital markets. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy continued on a moderate recovery trend due to the continuation of the government's economic policies and other measures, but remained uncertain because of the impact of economic uncertainty arising from unstable political conditions worldwide and volatility in financial and capital markets.」
The company continues to identify the risk of an uncertain economic outlook resulting from the global political situation, economic uncertainty and volatility in financial and capital markets. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy continued on a moderate recovery trend due to the continuation of the government's economic policies and other measures, but remained uncertain because of the impact of economic uncertainty arising from unstable political conditions worldwide and volatility in financial and capital markets.」
As in the previous quarter, the company cites the risk of an uncertain economic outlook resulting from the global political situation, economic uncertainty and volatility in financial and capital markets. - FY2017-Q3ReframedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy continued on a moderate recovery trend due to the continuation of the government's economic policies and other measures, but remained uncertain because of the impact of uncertainty in the global economy arising from unstable political conditions and volatility in financial and capital markets.」
For the existing macroeconomic risk of an uncertain economic outlook, the factors cited have changed from the UK's exit from the EU and economic conditions in emerging Asian economies to unstable political conditions, uncertainty in the global economy and volatility in financial and capital markets. - FY2017-Q2SoftenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy remained uncertain. Although concerns about a deterioration in the global economy resulting from the UK's exit from the EU had eased somewhat amid the continuation of the government's economic policies and other measures, the economy was affected by the continued trend toward a stronger yen and sluggish personal consumption.」
Among the existing external risks, the statement says that concerns about a deterioration in the global economy resulting from the UK's exit from the EU had "eased somewhat," indicating that the level of concern had declined. - FY2017-Q1First statedAnnual report
「The economy remained in an uncertain condition, amid concerns about downside risks to Japan's economy from the UK's EU exit and weaker economic growth in emerging Asian economies and elsewhere.」
The UK's EU exit and weaker growth in emerging Asian economies and elsewhere are cited as external risks weighing on Japan's economy.