Outlook remains uncertain due to exchange-rate volatility and economic slowdown
First written in FY2017-Q1. 16 of 33 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2019: 99 of 178 companies on the "Worse" side.
- FY2027-H1The situation in the Middle East was explicitly identified as a factor behind soaring resource and energy prices.Annual report
「Although the economy is on a gradual recovery trend, supported in part by improvements in employment and income conditions resulting from wage increases, the outlook remains uncertain due to soaring resource and energy prices accompanying escalating tensions in the Middle East and the continued depreciation of the yen resulting from interest-rate differentials with Europe and the United States, among other factors.」
While citing both a gradual economic recovery and improvements in employment and income conditions resulting from wage increases, the company identifies uncertainty factors as soaring resource and energy prices accompanying escalating tensions in the Middle East and the continued depreciation of the yen. - FY2026-H1Wage increases and improvements in employment and income conditions were also cited, while the yen's depreciation, resource prices and rising prices were identified as uncertainty factors.Annual report
「Although the economy is on a gradual recovery trend, supported in part by improvements in employment and income conditions resulting from wage increases, the outlook remains uncertain due to continued price increases caused by the yen's depreciation trend resulting from interest-rate differentials with Europe and the United States, soaring resource and energy prices amid an unstable international situation, and other factors.」
Improvements in wages and employment and income conditions were added as factors supporting a gradual recovery in the economy, while the yen's depreciation trend, soaring resource and energy prices, and rising prices were cited as uncertainty factors. - FY2025WorsenedAnnual report
「The outlook remains uncertain due to soaring resource and energy prices caused by an unstable international situation, the continued depreciation of the yen resulting from interest-rate differentials with Europe and the United States, and policy developments following the change of administration in the United States, among other factors.」
In addition to soaring resource and energy prices and the yen's depreciation trend, policy developments following the change of administration in the United States were newly identified as a factor creating uncertainty about the outlook. - FY2025-H1WorsenedAnnual report
「The outlook remains uncertain due to the continued depreciation of the yen resulting from interest-rate differentials with Europe and the United States, soaring resource and energy prices caused by an unstable international situation, and the slowdown in the Chinese economy, among other factors.」
In addition to the previous uncertainty caused by resource prices, exchange-rate fluctuations and the international situation, the company explicitly cites the yen's depreciation trend resulting from interest-rate differentials with Europe and the United States and the slowdown in the Chinese economy. - FY2024-Q3WorsenedAnnual report
「While the outlook remains uncertain due to continued high resource prices resulting from the prolonged situation in Russia and Ukraine, escalating tensions in the Middle East and unstable exchange-rate movements, among other factors,」
In addition to the previous uncertainty caused by soaring resource prices and exchange-rate fluctuations, escalating tensions in the Middle East were newly added. The company also cites the normalization of social and economic activity as the impact of COVID-19 has eased. - FY2024-Q2RestatedAnnual report
「While the outlook remains uncertain due to continued high resource prices resulting from the prolonged situation in Russia and Ukraine and unstable exchange-rate movements, among other factors, social and economic activity returned toward normal as the impact of COVID-19 eased.」
While continuing to describe uncertainty caused by soaring resource prices and unstable exchange rates, the company also cites the easing impact of COVID-19 and the normalization of social and economic activity. - FY2024-Q1RestatedAnnual report
「While the outlook remains uncertain due to continued high resource prices resulting from the prolonged situation in Russia and Ukraine and unstable exchange-rate movements, among other factors,」
The company continues to describe uncertainty about the outlook caused by soaring resource prices and unstable exchange rates. It also states that the normalization of social and economic activity has advanced following the reclassification of COVID-19 as a Category 5 infectious disease. - FY2023RestatedAnnual report
「The outlook remains uncertain due to soaring global raw-material prices, soaring energy prices accelerated by the situation in Russia and Ukraine, and sharp exchange-rate fluctuations, among other factors.」
The company continues to describe, including for the full fiscal year, uncertainty about the outlook caused by soaring raw-material and energy prices, the situation in Russia and Ukraine, and sharp exchange-rate fluctuations. - FY2023-Q3RestatedAnnual report
「The outlook remained uncertain due to the resurgence of infections caused by the successive emergence of new variants, soaring global raw-material prices, soaring energy prices accelerated by the situation in Russia and Ukraine, and sharp exchange-rate fluctuations, among other factors.」
The company continues to describe uncertainty about the outlook caused by the resurgence of infections, soaring raw-material and energy prices, the situation in Russia and Ukraine, and sharp exchange-rate fluctuations. - FY2023-Q2WorsenedAnnual report
「The outlook remained uncertain due to the resurgence of infections caused by the emergence of new variants, soaring global raw-material prices, soaring energy prices accelerated by the situation in Russia and Ukraine, and the rapid depreciation of the yen, among other factors.」
In addition to the existing uncertainty caused by COVID-19, soaring raw-material and energy prices and the situation in Russia and Ukraine, the rapid depreciation of the yen and the resurgence of infections were added. - FY2023-Q1WorsenedAnnual report
「The outlook remained uncertain due to soaring global raw-material prices and soaring energy prices, which were accelerated by the situation in Russia and Ukraine, among other factors.」
In addition to the previous economic constraints caused by COVID-19, soaring raw-material and energy prices and the situation in Russia and Ukraine were newly cited as factors creating uncertainty about the outlook. - FY2022-Q3ReframedAnnual report
「Although the global spread of COVID-19 remains unresolved and restrictions on economic activity continue, business sentiment is beginning to improve due to the effects of various measures.」
While the spread of infection and restrictions on economic activity continue, the description of improving business sentiment has changed from an expectation in the previous quarter to an improvement resulting from the effects of various measures. - FY2022-Q2ReframedAnnual report
「Although the global spread of COVID-19 remains unresolved and restrictions on economic activity continue, business sentiment is beginning to improve amid expectations that various measures will help contain the spread of infection.」
While the spread of infection and restrictions on economic activity continue, the basis for expectations of an improvement in business sentiment has been reframed from expanded vaccination in the previous quarter to “various measures.” - FY2022-Q1SoftenedAnnual report
「Although the global spread of COVID-19 remains unresolved and restrictions on economic activity continue, business sentiment is beginning to improve amid expectations for expanded vaccination.」
The description changed to indicate that, while the spread of infection and restrictions on economic activity continue, business sentiment is improving amid expectations for vaccinations. - FY2021-Q3RestatedAnnual report
「The Japanese economy during the third quarter of the current consolidated cumulative period entered an extremely difficult situation, as the economic environment deteriorated due to the global spread of COVID-19.」
The deterioration in the economic environment and extremely difficult conditions caused by the global spread of COVID-19 continue to be described, as in the previous quarter. - FY2021-Q2RestatedAnnual report
「The Japanese economy during the second quarter of the current consolidated cumulative period entered an extremely difficult situation, as the economic environment deteriorated due to the global spread of COVID-19.」
The deterioration in the economic environment and extremely difficult conditions caused by the global spread of COVID-19 continue to be described, as in the previous quarter. - FY2021-Q1RestatedAnnual report
「The Japanese economy during the first quarter of the current consolidated cumulative period entered an extremely difficult situation, as the economic environment deteriorated due to the global spread of COVID-19.」
The deterioration in the economic environment and difficult conditions caused by the global spread of COVID-19 continue to be described, as in the previous full fiscal year. - FY2020WorsenedAnnual report
「In addition to prolonged trade friction between the United States and China and the slowdown in the Chinese economy, the economic environment deteriorated rapidly toward the end of the fiscal year due to the global spread of COVID-19, leaving the outlook uncertain.」
In addition to the existing uncertainty caused by U.S.-China trade friction and the slowdown in the Chinese economy, the rapid deterioration in the economic environment at the end of the fiscal year due to the global spread of COVID-19 was added. - FY2020-Q3RestatedAnnual report
「The economy remained in an uncertain situation as the external environment deteriorated due to the prolonged trade friction between the United States and China and the slowdown in the Chinese economy.」
The deterioration in the external environment caused by prolonged U.S.-China trade friction and the slowdown in the Chinese economy, as well as uncertainty about the outlook, continue to be described, as in the previous quarter. - FY2020-Q2RestatedAnnual report
「Although corporate earnings remained firm, the economy remained in an uncertain situation as the external environment deteriorated due to the intensification of trade friction between the United States and China and the slowdown in the Chinese economy.」
The company continues to describe uncertainty about the outlook caused by deterioration in the external environment due to intensifying U.S.-China trade friction and the slowdown in the Chinese economy, as in the previous quarter. - FY2020-Q1WorsenedAnnual report
「Although corporate earnings remained firm, the economy remained in an uncertain situation as the external environment deteriorated due to the intensification of trade friction between the United States and China and the slowdown in the Chinese economy.」
The factors behind uncertainty about the outlook have become more specific and severe, shifting from concerns about exchange-rate movements and policy developments to deterioration in the external environment caused by intensifying U.S.-China trade friction and the slowdown in the Chinese economy. - FY2019RestatedAnnual report
「Although concerns remain about policy developments in the United States and the outlook for the Chinese economy, the economy remained firm, with consumer spending remaining resilient and signs of stronger corporate appetite for capital investment.」
The view that the economic environment remains firm, supported by consumer spending and appetite for capital investment, continues, while concerns remain about policy developments in the United States and the Chinese economy. - FY2019-Q3RestatedAnnual report
「Although concerns remain about policy developments in the United States and the outlook for the Chinese economy, the economy remained firm, with consumer spending remaining resilient and signs of stronger corporate appetite for capital investment.」
The view that the economic environment remains firm, supported by consumer spending and appetite for capital investment, continues, while concerns remain about policy developments in the United States and the Chinese economy. - FY2019-Q2ReframedAnnual report
「Although concerns remain about policy developments in the United States and the outlook for the Chinese economy, the economy remained on a gradual recovery track, with consumer spending remaining firm and signs of stronger corporate appetite for capital investment.」
The description of the factors creating uncertainty about the outlook changed from “policy developments in Europe and the United States” in the previous quarter to “policy developments in the United States.” Meanwhile, the view that the economy is on a gradual recovery track, supported by consumer spending and appetite for capital investment, continues. - FY2019-Q1RestatedAnnual report
「Although concerns remain about policy developments in Europe and the United States and the outlook for the Chinese economy, the economy remained on a gradual recovery track, with consumer spending remaining firm and signs of stronger corporate appetite for capital investment.」
While concerns remain about policy developments in Europe and the United States and the Chinese economy, the view that the economy is on a gradual recovery track, supported by improvements in consumer spending and appetite for capital investment, continues. - FY2018SoftenedAnnual report
「The Japanese economy during the current consolidated fiscal year remained on a gradual recovery track, despite concerns about policy developments in Europe and the United States and the outlook for the Chinese economy, as consumer spending showed signs of recovery and corporate capital investment increased.」
Although concerns about policy developments in Europe and the United States and the Chinese economy continue, the economic environment is described as being on a gradual recovery track, supported by a recovery in consumer spending and increased capital investment. - FY2018-Q3RestatedAnnual report
「Although concerns remain about policy developments in Europe and the United States and the outlook for the Chinese economy, the economy remained on a gradual recovery track, with consumer spending remaining firm and signs of stronger corporate appetite for capital investment.」
While concerns remain about policy developments in Europe and the United States and the outlook for the Chinese economy, the view that the economy is on a gradual recovery track, supported by improvements in consumer spending and appetite for capital investment, continues. - FY2018-Q2SoftenedAnnual report
「Although concerns remain about policy developments in Europe and the United States and the outlook for the Chinese economy, the economy remained on a gradual recovery track, with consumer spending remaining firm and signs of stronger corporate appetite for capital investment.」
While concerns about policy in Europe and the United States and the Chinese economy remain, the economic environment is described as being on a gradual recovery track, supported by improvements in consumer spending and appetite for capital investment. - FY2018-Q1Uncertainty factors were reorganized from exchange rates and the economic slowdown to policy developments in Europe and the United States and the outlook for the Chinese economy.Annual report
「The Japanese economy during the first quarter of the current consolidated cumulative period remained in an uncertain situation due to concerns about policy developments in Europe and the United States and the outlook for the Chinese economy, despite signs of a recovery in consumer sentiment and stronger corporate appetite for capital investment.」
Although uncertainty about the outlook continues, consumption and capital investment are considered to be improving, and the description of the uncertainty factors has come to focus on policy developments in Europe and the United States and the outlook for the Chinese economy. - FY2017RestatedAnnual report
「Conditions continued to be uncertain amid growing uncertainty over the political situation in Europe and the United States and concerns about the impact of exchange-rate fluctuations.」
The outlook remains uncertain throughout the fiscal year due to the political situation in Europe and the United States and exchange-rate movements. - FY2017-Q3RestatedAnnual report
「As concerns about the impact of exchange-rate fluctuations persisted, the recovery in consumer sentiment and corporate capital investment remained subdued, and conditions continued to be uncertain.」
The outlook remained uncertain through the effects of exchange rates, consumption, and capital investment. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the securities report for the previous fiscal year.」
States that no new risks or material changes to existing risks occurred. - FY2017-Q1First statedAnnual report
「Amid concerns about the impact of exchange-rate fluctuations and an economic slowdown in China and elsewhere, consumer sentiment and corporate capital investment remained subdued, and conditions continued to be uncertain.」
While economic and monetary policy continued, the outlook remained uncertain through the effects of exchange rates, overseas economic conditions, consumption, and capital investment.