Increased uncertainty in the global economy as geopolitical risks emerge
First written in FY2023-Q1. 4 of 10 entries say "Worsened", first in FY2023-Q3. Latest entry: FY2027-H1.
Mitsui High-tec moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 46 of 79 companies on the "Worse" side.
37 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「During the current interim consolidated accounting period, the economic environment surrounding our Group was generally on a gradual recovery trend, but uncertainty about the outlook continued due to developments in US economic policy, a slowdown in China's economy and escalating tensions in the Middle East.」
While the global economy is described as being on a gradual recovery trend, escalating tensions in the Middle East are explicitly identified as a factor contributing to uncertainty, replacing the previous description of an unstable international situation. - 2026-06-12WorsenedFinancial Results Presentation
「For the second half, we have newly incorporated higher costs resulting from increases in material and energy prices associated with the deterioration of the situation in the Middle East.」
The deteriorating situation in the Middle East has newly been incorporated as a factor increasing costs through higher material and energy prices. - FY2026-H1Changes in the sources of uncertaintyAnnual report
「During the current interim consolidated accounting period, the economic environment surrounding our Group was generally on a gradual recovery trend, but uncertainty about the outlook continued due to developments in US economic policy, a slowdown in China's economy and unstable international conditions.」
The company identifies an unstable international situation as a factor contributing to uncertainty in the global economy, replacing the previous reference to geopolitical risks in Europe and other factors. - FY2025-H1RestatedAnnual report
「During the current interim consolidated accounting period, the economic environment surrounding our Group was generally on a gradual recovery trend, but uncertainty about the outlook continued due to monetary tightening mainly in Europe and the United States, unstable conditions in the Middle East and a slowdown in China's economy.」
The company continues to identify monetary tightening, instability in the Middle East and a slowdown in the Chinese economy as factors contributing to uncertainty about the outlook for the global economy. - FY2025-Q1Changes in the sources of uncertaintyAnnual report
「Although the overall trend of the economy is one of gradual recovery, the economic environment surrounding the Group remains uncertain due to factors including monetary tightening centered in Europe and the United States, instability in the Middle East and a slowdown in the Chinese economy.」
While describing the overall trend as one of gradual recovery, the company identified monetary tightening, instability in the Middle East and a slowdown in the Chinese economy as factors contributing to uncertainty. - FY2024-Q3RestatedAnnual report
「During the nine months ended the third quarter of the current consolidated fiscal year, the economic environment surrounding the Group remained uncertain due to factors including prolonged geopolitical risks in Europe, global inflation, financial instability resulting from policy rate increases in various countries and a slowdown in the Chinese economy.」
The uncertain economic environment has continued due to prolonged geopolitical risks in Europe, global inflation and financial instability, with the slowdown in the Chinese economy added as a factor. - FY2024-Q1WorsenedAnnual report
「During the three months ended the first quarter of the current consolidated fiscal year, the economic environment surrounding the Group remained uncertain due to factors including prolonged geopolitical risks in Europe, persistently high global inflation and financial instability resulting from policy rate increases in various countries.」
The company described the geopolitical risks as part of an economic environment marked by their prolongation in Europe, persistently high global inflation and financial instability. - FY2023-Q3WorsenedAnnual report
「During the nine months ended the third quarter of the current consolidated fiscal year, the economic environment surrounding the Group remained uncertain due to factors including supply chain disruptions caused by lockdowns in China, the emergence of geopolitical risks in Europe, advancing global inflation and sharp foreign exchange fluctuations resulting from monetary tightening policies in various countries.」
The company stated that the situation following the emergence of geopolitical risks in Europe continued, accompanied by supply chain disruptions, global inflation and foreign exchange fluctuations caused by monetary tightening. - FY2023-Q2MaterialisedAnnual report
「During the six months ended the second quarter of the current consolidated fiscal year, the economic environment surrounding the Group remained uncertain due to factors including supply chain disruptions caused by lockdowns in China and advancing global inflation following the emergence of geopolitical risks in Europe.」
The company described the specific impact of the geopolitical risks mentioned since the previous quarter, namely advancing global inflation following their emergence in Europe. - FY2023-Q1First statedAnnual report
「In addition, the outlook remains uncertain, including because geopolitical risks have emerged.」
The company explicitly identified emerging geopolitical risks for the first time as a factor contributing to uncertainty about the outlook for the global economy.