Outlook uncertainty from global trade friction, financial-market volatility and the consumption-tax rate increase
First written in FY2020-Q1. 9 of 16 entries say "Restated". Latest entry: 2026-05-15.
geechs moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 35 of 44 companies on the "Worse" side.
24 other companies' latest entry also says "Worsened".
- 2026-05-15WorsenedRevision to earnings forecast
「歴史的な円安とコストプッシュ型のインフレの継続が実質賃金を抑制し、消費者の購買意欲に圧力を与えております。また、不安定な国際情勢による地政学的リスクの影響もあり、景気の先行きについては不透明な状況が続いております。」
従来の円安・物価上昇による不透明感に加え、地政学的リスクを景気の不透明要因として明示している。 - FY2025RestatedAnnual report
「During the current consolidated fiscal year, personal consumption recovered and employment conditions improved. However, soaring prices against a backdrop of yen depreciation have had a significant impact on consumer trends, and the outlook for the economy remained uncertain due to overseas policy developments.」
While acknowledging the improvement in personal consumption and employment, the company continues to describe uncertainty about the outlook due to yen depreciation, higher prices and overseas policy developments. - FY2025-H1WorsenedAnnual report
「During the current interim consolidated fiscal period (1 April 2024 to 30 September 2024), personal consumption recovered and employment conditions improved, although the domestic economy began to show some signs of stagnation. Meanwhile, the outlook for the economy remained uncertain due to global monetary tightening and the effects of rising prices.」
While acknowledging the improvement in personal consumption and employment, the company changed its description to indicate some stagnation in the domestic economy, while uncertainty due to monetary tightening and rising prices also continues. - FY2024-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period (1 April 2023 to 31 December 2023), the Japanese economy showed signs of recovery, including a recovery in personal consumption and improvement in employment conditions. Meanwhile, the outlook for the economy remained uncertain due to global monetary tightening and persistently high inflation.」
While referring to the recovery trend in the domestic economy, the company expresses the view that uncertainty about the outlook due to global monetary tightening and persistently high inflation continues. - FY2024-Q2RestatedAnnual report
「As COVID-19 was reclassified as a Category 5 infectious disease, people flows in Japan became more active, and the domestic economy showed signs of recovery, including a recovery in personal consumption and improvement in employment conditions. Meanwhile, the outlook for the economy remained uncertain due to global monetary tightening, rising prices and other factors.」
While referring to the recovery trend in the domestic economy, the company expresses the view that uncertainty about the outlook due to global monetary tightening and rising prices will continue. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period (1 April 2023 to 30 June 2023), the Japanese economy showed signs of a gradual recovery, supported by increased people flows following the reclassification of COVID-19 as a Category 5 infectious disease. Meanwhile, the outlook for the economy remained uncertain due to global monetary tightening, rising prices and other factors.」
The company refers to increased people flows and the economic recovery following the reclassification of COVID-19 as a Category 5 infectious disease, while noting uncertainty about the outlook due to global monetary tightening and rising prices. - FY2023RestatedAnnual report
「During the current consolidated fiscal year, the Japanese economy showed signs of a gradual recovery in economic activity, with people flows recovering as COVID-19 subsided, despite downside risks to the economy, including higher prices resulting from rising raw-material costs.」
While referring to the recovery in people flows and the economic rebound, the company leaves downside risks, including higher prices, and uncertainty in place. - FY2023-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period (1 April 2022 to 31 December 2022), people flows in Japan were beginning to recover as restrictions on activity were eased. However, downside risks to the economy, including higher prices resulting from rising raw-material costs, remain, and uncertainty continues.」
While referring to the recovery in people flows following the easing of activity restrictions, the company cites downside risks to the economy from higher raw-material costs and rising prices, and expresses the view that an uncertain economic environment will continue. - FY2022WorsenedAnnual report
「During the current consolidated fiscal year, the Japanese economy was significantly affected by repeated declarations of a state of emergency in response to the spread of COVID-19 and the implementation of priority preventive measures, which caused economic activity to stagnate. In addition, soaring resource prices and Russia's invasion of Ukraine have contributed to the situation, and uncertainty about the outlook remains.」
In addition to the previous impact of the pandemic, soaring resource prices and Russia's invasion of Ukraine have contributed to the situation, and uncertainty about the outlook persists. - FY2021RestatedAnnual report
「During the current consolidated fiscal year (1 April 2020 to 31 March 2021), the Japanese economy remained in an extremely difficult situation as the substantial deterioration caused by COVID-19 persisted. Uncertainty about the outlook continued, with a state of emergency being declared again from January of this year.」
The deterioration in the economy caused by COVID-19 and uncertainty about the outlook under the reissued state of emergency continued. - FY2021-Q3WorsenedAnnual report
「During the third quarter of the current consolidated cumulative period (1 April 2020 to 31 December 2020), the Japanese economy remained in an extremely difficult situation as the substantial deterioration caused by the spread of COVID-19 persisted. As the spread of infections began to increase again, concerns about further downside to the economy grew, and uncertainty about the outlook continued to increase.」
The company states that the renewed expansion of the spread of infections further increased concerns about downside risks to the economy and uncertainty about the outlook. - FY2021-Q2WorsenedAnnual report
「During the second quarter of the current consolidated cumulative period (1 April 2020 to 30 September 2020), the Japanese economy remained in an extremely difficult situation. Although the state of emergency related to COVID-19 had been lifted, an end to the pandemic was still not in sight. The resulting deterioration in corporate earnings has persisted, and uncertainty about the outlook continues to increase.」
The company states that, even after the state of emergency was lifted, an end to the pandemic was not in sight, the deterioration in corporate earnings persisted, and uncertainty about the outlook continued to increase. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current consolidated cumulative period (1 April 2020 to 30 June 2020), the global economy deteriorated substantially due to the worldwide spread of COVID-19, and extremely difficult conditions continued. In Japan, corporate earnings also deteriorated rapidly as a result, and the outlook became increasingly uncertain.」
In addition to the existing trade issues and financial-market volatility, COVID-19 has clearly intensified the deterioration of the global and Japanese economies and the uncertainty surrounding their outlooks. - FY2020-Q3RestatedAnnual report
「Meanwhile, corporate earnings have weakened due to the impact of developments in the US-China trade dispute on the global economy and uncertainty in overseas economies. Uncertainty therefore continues, with more views emerging that the outlook will deteriorate in economic sentiment assessments.」
The company has reconfirmed the weakening of corporate earnings against a backdrop of the US-China trade dispute and uncertainty in overseas economies, as well as the uncertainty surrounding the economic outlook. - FY2020-Q2RestatedAnnual report
「Meanwhile, uncertainty continues due to concerns including a growing sense of labor shortages, the impact of the consumption-tax increase, rising tensions over trade issues in the global economy, and the effects of volatility in financial and capital markets.」
The company has reconfirmed the uncertainty in the economic environment arising from labor shortages, the consumption-tax increase, trade issues and volatility in financial and capital markets. - FY2020-Q1First statedAnnual report
「Meanwhile, the outlook remains uncertain due to global trade friction, volatility in financial and capital markets, and the psychological impact of the consumption-tax rate increase.」
For the first time, the company has identified global trade friction, volatility in financial and capital markets, and the psychological impact of the consumption-tax rate increase as external factors clouding the economic outlook.