Economic and Financial Market Uncertainty Caused by the Slowdown in Emerging-Market Economies and the UK's Withdrawal from the EU
First written in FY2017-Q1. 12 of 26 entries say "Restated". Latest entry: 2026-07-29.
The whole theme swung hardest in 2022: 140 of 172 companies on the "Worse" side.
54 other companies' latest entry also says "Restated".
- 2026-07-29RestatedEarnings
「However, the outlook for the economy remains uncertain because of downside risks including higher prices and shortages of oil-derived materials associated with heightened tensions in the Middle East, persistently high raw-material prices due to the weaker yen, geopolitical risks and prolonged labour shortages caused by population decline.」
Geopolitical risks, yen depreciation, raw-material prices, material shortages and labour shortages continue to be cited as downside factors for the economy. - FY2026-H1Uncertainty factors specified as US policy, geopolitical risks, rising prices and yen depreciationAnnual report
「However, the outlook for the economy remained uncertain due to the effects of US policy developments, prolonged geopolitical risks, rising prices, persistent yen depreciation and resulting fluctuations in raw-material prices.」
The company continued to identify uncertainty surrounding the global economy, citing US policy developments, prolonged geopolitical risks, rising prices, persistent yen depreciation and fluctuations in raw-material prices as factors. - FY2025Uncertainty factors updated to the new US administration, geopolitical risks and raw-material pricesAnnual report
「However, the outlook for the economy remained uncertain due to the impact of new foreign and economic policies under the new US administration, prolonged geopolitical risks, and surging raw-material prices resulting from price pass-through and exchange-rate instability.」
Uncertainty surrounding the global economy continues, with the new US administration’s policies, prolonged geopolitical risks, and exchange-rate and raw-material price increases cited as factors this time. - FY2025-H1RestatedAnnual report
「However, the outlook for the economy remained uncertain due to prolonged geopolitical risks and surging raw-material prices resulting from price pass-through and the depreciation of the yen.」
While noting the recovery trend in economic activity, the company continued to cite uncertainty resulting from prolonged geopolitical risks and surging raw-material prices associated with price pass-through and yen depreciation. - FY2024-Q3The impact of the pandemic eased, while inflation and geopolitical risks persistedAnnual report
「During the nine months ended the third quarter of the current consolidated fiscal year, economic activity entered a gradual recovery trend as the impact of COVID-19 eased. However, the outlook for the economy remained uncertain due to the effects of global inflation, exchange-rate fluctuations, monetary-tightening policies in various countries and prolonged geopolitical risks on raw-material, material and energy prices and supply chains.」
While noting the reduced impact of COVID-19 and the recovery trend in economic activity, the company identified global inflation, exchange-rate fluctuations, monetary tightening and prolonged geopolitical risks as uncertainty factors. - FY2023-Q3RestatedAnnual report
「During the nine months ended the third quarter of the current consolidated fiscal year, economic activity continued to show signs of a gradual recovery as various infection-control measures and new lifestyles became established amid the prolonged impact of COVID-19. However, the outlook for the economy remained uncertain due to the effects of global inflation, exchange-rate fluctuations, monetary-tightening policies in various countries and geopolitical risks on raw-material, material and energy prices and supply chains.」
While the recovery in economic activity continued, the effects of global inflation, exchange-rate fluctuations, monetary tightening and geopolitical risks on raw-material, material and energy prices and supply chains, as well as the uncertainty surrounding the economic outlook, continue to be cited. - FY2023-Q2Uncertainty factors updated to inflation, exchange-rate fluctuations, monetary tightening and geopolitical risksAnnual report
「During the six months ended the second quarter of the current consolidated fiscal year, economic activity showed signs of a gradual recovery as infection-control measures such as vaccinations and the adoption of new lifestyles became established, despite the prolonged impact of COVID-19. However, the outlook for the economy remained uncertain due to the effects of global inflation, exchange-rate fluctuations, monetary-tightening policies in various countries and geopolitical risks on raw-material, material and energy prices and supply chains.」
While noting the recovery in economic activity, the company identified as new uncertainty factors the effects of global inflation, exchange-rate fluctuations, monetary tightening in various countries and geopolitical risks on raw-material, material and energy prices and supply chains. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal year, domestic restrictions on movement related to COVID-19 were eased, but the outlook remained uncertain due to concerns about a resurgence of infections from new variants, lockdowns under China’s zero-COVID policy, shortages and higher prices for raw materials resulting from supply-chain disruptions caused by the prolonged situation in Ukraine, and the rapid depreciation of the yen.」
In addition to the existing pandemic and situation in Ukraine, lockdowns in China, shortages and higher prices for raw materials, and the rapid depreciation of the yen were cited as uncertainty factors. - FY2022WorsenedAnnual report
「During the current consolidated fiscal year, various restrictions and calls for restraint on economic activity remained in place amid heightened international tensions surrounding Ukraine and the spread of new COVID-19 variants, and the outlook remained uncertain.」
In addition to the existing COVID-19 pandemic, heightened international tensions surrounding Ukraine were added as an external uncertainty factor. - FY2022-Q3WorsenedAnnual report
「During the nine months ended the third quarter of the current consolidated fiscal year, various restrictions and calls for restraint on economic activity remained in place following the detection of new COVID-19 variants, and the outlook remained uncertain.」
Restrictions on and calls for restraint in economic activity continued following the detection of new variants, and the outlook remained uncertain. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, COVID-19 continued to have a significant impact on economic activity and personal consumption in Japan. Although a recovery in economic activity was expected as vaccination rates increased, the situation remained one that required close monitoring.」
The continuing impact of COVID-19 on economic activity and personal consumption, as well as expectations of a recovery as vaccination rates increased, are cited. - FY2021-Q3RestatedAnnual report
「During the nine months ended the third quarter of the current consolidated fiscal year, Japan’s economy remained in difficult conditions, including declines in economic activity and personal consumption due to the effects of COVID-19, and the outlook remained uncertain.」
The decline in economic activity and personal consumption caused by COVID-19 and the continuing uncertainty about the outlook are cited. - FY2021-Q2RestatedAnnual report
「During the six months ended the second quarter of the current consolidated fiscal year, economic activity and personal consumption stagnated amid the global spread of COVID-19. Although the government’s state of emergency had been lifted, the timing of the end of the pandemic remained unforeseeable, and difficult conditions continued.」
The stagnation of economic activity and personal consumption caused by COVID-19, and the difficult conditions resulting from the unforeseeable timing of the end of the pandemic, continue to be cited. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan’s economy remained uncertain as the spread of COVID-19 around the world and a sharp increase in infections in Japan led the government to declare a state of emergency in April, restricting personal consumption and corporate activities and causing the economy to deteriorate rapidly.」
The spread of COVID-19 and the state of emergency restricted personal consumption and corporate activities and caused the economy to deteriorate rapidly. - FY2020WorsenedAnnual report
「However, the outlook has become extremely uncertain due to the prolonged US-China trade issues and the spread of COVID-19.」
In addition to the uncertainty caused by the existing US-China trade issues and other factors, the spread of COVID-19 has increased uncertainty about the outlook. - FY2020-Q3Uncertainty factors updated to US-China trade issues, concerns about China’s economic outlook, and the UK’s EU withdrawal issueAnnual report
「However, the outlook remains uncertain due to the US-China trade issues, concerns about the future of the Chinese economy, and developments concerning the UK’s EU withdrawal issue.」
Uncertainty surrounding the global economy continues, with US-China trade issues, concerns about China’s economic outlook, and the UK’s EU withdrawal issue cited as the main factors this time. - FY2020-Q2Uncertainty factors updated to the slowdown in China and emerging markets, US policy, and worsening Japan-South Korea relationsAnnual report
「However, the outlook for the global economy remains uncertain due to the economic slowdown in China and emerging markets, developments in the US president’s economic and trade policies, and worsening Japan-South Korea relations.」
Uncertainty surrounding the global economy continues, with the slowdown in China and emerging markets, US economic and trade policies, and worsening Japan-South Korea relations cited as factors this time. - FY2020-Q1Uncertainty factors updated to prolonged US-China trade friction and the slowdown in ChinaAnnual report
「However, the outlook remains uncertain due to the effects of global economic uncertainty, including the prolongation of US-China trade friction and concerns about a slowdown in the Chinese economy.」
The risk of uncertainty surrounding the global economy itself continues, with the prolongation of US-China trade friction and concerns about a slowdown in the Chinese economy cited as the main factors this time. - FY2019RestatedAnnual report
「However, the outlook for the global economy remains uncertain due to the economic slowdown in China and emerging markets, developments in the US president’s economic and trade policies, and developments concerning the UK’s withdrawal from the EU.」
The economic slowdown in China and emerging markets, US economic and trade policies, and the UK’s withdrawal from the EU continue to be cited as uncertainty factors for the global economy. - FY2019-Q3RestatedAnnual report
「However, the outlook for the global economy remains uncertain due to the economic slowdown in China and emerging markets, developments in the US president’s economic and trade policies, and developments concerning the UK’s withdrawal from the EU.」
The economic slowdown in China and emerging markets, US economic and trade policies, and developments concerning the UK’s withdrawal from the EU continue to be cited as uncertainty factors for the global economy. - FY2019-Q2RestatedAnnual report
「However, the outlook for the global economy remains uncertain due to the economic slowdown in China and emerging markets and developments in the US president’s economic and trade policies.」
The uncertainty surrounding the global economy due to the economic slowdown in China and emerging markets and US economic and trade policies continues to be cited. - FY2018-Q3RestatedAnnual report
「During the nine months ended the third quarter of the current consolidated fiscal year, Japan’s economy remained on a gradual recovery trend, supported by capital investment and improving employment conditions, although uncertainty risks in overseas economies remained.」
The continuing uncertainty risks in overseas economies are cited. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan’s economy was on a gradual recovery trend, supported by capital investment and improving employment conditions, although uncertainty risks in overseas economies remained.」
The continuing uncertainty risks in overseas economies are cited. - FY2017RestatedAnnual report
「However, the outlook for the global economy remains uncertain due to the economic slowdown in China and emerging markets, developments in the new US president’s economic and trade policies, and the UK’s withdrawal from the EU.」
The uncertainty surrounding the global economy due to the slowdown in China and emerging markets, US policy and the UK’s withdrawal from the EU continues to be cited. - FY2017-Q3WorsenedAnnual report
「Overseas, the UK’s referendum decision to leave the EU and the election of Donald Trump as president of the United States have created uncertainty about the outlook for the global economy as a whole.」
In addition to the UK’s withdrawal from the EU, the outcome of the US presidential election was cited as a source of uncertainty for the global economy, broadening concerns about the external environment. - FY2017-Q1First statedAnnual report
「The outlook remains uncertain due to the slowdown in emerging-market economies and turmoil in financial markets resulting from the UK’s withdrawal from the EU, among other factors.」
For the economic environment during the quarter, the slowdown in emerging-market economies and turmoil in financial markets associated with the UK’s withdrawal from the EU were cited as external uncertainty factors.