Uncertainty in the External Environment Due to Consumption Tax Increases, Economic Downturns, and Trade Issues
First written in FY2019-Q3. 12 of 26 entries say "Worsened", first in FY2020-Q2. Latest entry: 2026-10-15.
Upr 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: 23 of 30 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- FY2025-H1Additional uncertainty factors in the external environmentAnnual report
「Looking ahead, a moderate recovery is expected to continue, partly due to the effects of various policies. However, close attention must be paid to the impact on the economic environment of rising prices, future US policy developments, the situation in the Middle East and volatility in financial and capital markets, and the uncertain situation is expected to continue.」
In addition to the existing factors of rising prices, the situation in the Middle East and volatility in financial and capital markets, future US policy developments are cited as an uncertainty factor. - FY2024-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, the economy showed signs of a moderate recovery, although personal consumption was taking time to recover. Looking ahead, a moderate recovery is expected to continue, partly due to the effects of various policies, but close attention must be paid to the impact on the economic environment of rising prices, the situation in the Middle East and volatility in financial and capital markets, and the uncertain outlook continues.」
The company reaffirmed the coexistence of a delayed recovery in personal consumption and an uncertain outlook due to rising prices, the situation in the Middle East and volatility in financial and capital markets. - FY2024-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, the economy showed signs of a moderate recovery despite some stagnation in personal consumption. Looking ahead, a moderate recovery is expected to continue, partly due to the effects of various policies, but close attention must be paid to the impact on the economic environment of rising prices, the situation in the Middle East and volatility in financial and capital markets, and the uncertain outlook continues.」
The company reaffirmed the coexistence of some stagnation in personal consumption, expectations for a moderate economic recovery and uncertainty caused by rising prices, the situation in the Middle East and volatility in financial and capital markets. - FY2024-Q1WorsenedAnnual report
「Looking ahead, a moderate recovery is expected to continue, partly due to the effects of various policies. However, close attention must be paid to the impact on the economic environment of rising prices, developments in the Middle East and volatility in financial and capital markets, and the uncertain outlook continues.」
While expressing expectations for a moderate economic recovery, the company cites the situation in the Middle East and volatility in financial and capital markets, in addition to rising prices, as new uncertainty factors. - FY2023RestatedAnnual report
「As the challenging conditions caused by COVID-19 eased, the environment surrounding the Group moved toward normalization of socioeconomic activity on a recovery path, and the economy showed signs of a moderate recovery under a policy of living with COVID-19. Meanwhile, prices and interest rates continued to rise due to soaring global raw material prices and other factors, and the uncertain outlook is expected to continue.」
The company reaffirmed the combination of easing pandemic-related conditions and an economic recovery with continued uncertainty caused by higher raw material prices, prices overall and interest rates. - FY2023-Q3SoftenedAnnual report
「During the third quarter of the current consolidated cumulative period, COVID-19 was reclassified under the Infectious Diseases Act, and socioeconomic activity moved toward normalization on a recovery path, with the economy showing signs of a moderate recovery. Meanwhile, the uncertain outlook continued as prices and interest rates remained elevated due to soaring global raw material prices and other factors.」
The company reported the reclassification of COVID-19, the normalization of socioeconomic activity and an economic recovery, while uncertainty continued due to higher raw material prices, prices overall and interest rates. - FY2023-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, the number of COVID-19 cases began to decline from the start of the year and restrictions on activity were eased. With the effects of various policies under a policy of living with COVID-19, the economy was expected to recover. However, the uncertain outlook continued due to rising product prices caused by soaring fuel prices and stagnant personal consumption amid persistent global inflation.」
While lower infection numbers and eased activity restrictions raised expectations for an economic recovery, the company reaffirmed that uncertainty continued due to global inflation, soaring fuel prices, higher product prices and concerns about stagnant personal consumption. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the current consolidated cumulative period, the number of COVID-19 cases began to decline and economic activity gradually normalized as various restrictions were eased under a policy of living with COVID-19. However, the external environment remained uncertain due to logistics disruptions caused by the prolonged Ukraine issue and concerns that higher product prices resulting from soaring raw material prices would cause personal consumption to stagnate.」
Although restrictions related to the pandemic were eased, the prolonged Ukraine issue, logistics disruptions, soaring raw material prices and concerns about stagnant personal consumption remained uncertainty factors in the external environment. - FY2022WorsenedAnnual report
「However, the company does not expect to achieve the sales target initially established, and the global economy faces risks of a slowdown due to the Ukraine issue, China's zero-COVID policy and globally rising interest rates resulting from higher inflation.」
In addition to the pandemic, the Ukraine issue, China's zero-COVID policy, inflation and globally rising interest rates were added as risks to a slowdown in the global economy. - FY2022-Q3WorsenedAnnual report
「During the third quarter of the current consolidated cumulative period, as the challenging conditions caused by COVID-19 eased, the uncertain outlook continued due to logistics disruptions and container shortages caused by the Ukraine issue and China's zero-COVID policy, as well as soaring global raw material prices.」
While the challenging conditions caused by the pandemic eased, the Ukraine issue, China's zero-COVID policy, logistics disruptions, container shortages and soaring global raw material prices were cited as new uncertainty factors. - FY2022-Q2WorsenedAnnual report
「Moreover, the uncertain outlook continued due to logistics disruptions caused by container shortages and the Ukraine crisis, among other factors.」
In addition to the existing uncertainty surrounding the pandemic and the economy, logistics disruptions caused by container shortages and the Ukraine crisis are cited as new uncertainty factors. - FY2022-Q1SoftenedAnnual report
「During the first quarter of the current consolidated cumulative period, the number of infections began to decline due to vaccinations and other measures, activity restrictions were eased, including the lifting of the state of emergency nationwide in October, and economic activity showed signs of recovery through its gradual resumption. However, the outlook remained uncertain due to the emergence of the Omicron variant of COVID-19 and other factors.」
While vaccinations and the lifting of the state of emergency led to signs of recovery in economic activity, uncertainty continued due to the emergence of the Omicron variant and other factors. - FY2021RestatedAnnual report
「During the current consolidated fiscal year, economic activity showed some signs of recovery through the first quarter due to government policies such as the Go To Campaign, despite the global spread of COVID-19. From the second quarter onward, however, frequent states of emergency were declared as variant strains spread, economic activity stagnated and challenging conditions continued.」
Although there was some recovery due to government policies, the spread of variant strains and the states of emergency resulted in continued challenging economic conditions. - FY2021-Q3WorsenedAnnual report
「During the third quarter of the current consolidated cumulative period, economic activity showed signs of recovery through the gradual resumption of activity after its sharp decline in Japan and overseas caused by the global spread of COVID-19. However, economic activity stagnated again following the issuance of the third state of emergency, and the challenging environment continued.」
Although economic activity showed signs of recovery, it stagnated again following the third state of emergency, and the challenging environment continued. - FY2021-Q2WorsenedAnnual report
「During the second quarter of the current consolidated cumulative period, economic activity showed signs of recovery through the gradual resumption of activity after its sharp decline in Japan and overseas caused by the global spread of COVID-19. However, the pace of economic recovery was slow due to the renewed spread of infections and the resumption of restrictions in various countries, and the extremely challenging environment continued.」
While economic activity showed signs of recovery, the pace of economic recovery slowed due to the renewed spread of infections and the resumption of restrictions in various countries, and the extremely challenging environment continued. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, corporate performance and employment and income conditions, which had been hit by COVID-19, showed some signs of recovery due to government policies such as the Go To Campaign. However, as economic activity was ramped up while measures were taken to prevent the spread of infection, the number of cases began rising again, and the uncertain and challenging economic environment continued.」
The company notes some recovery due to government policies, but states that the uncertain and challenging economic environment continued as the number of infections began rising again. - FY2020WorsenedAnnual report
「During the current consolidated fiscal year, corporate performance and employment and income conditions improved in the first half, and the economy remained on a moderate recovery path. However, in the second half, the global spread of COVID-19 caused economic activity in Japan and overseas to decline sharply, and the uncertain situation continued.」
The economy shifted from a recovery path in the first half to a sharp decline in economic activity in the second half as the infection spread, and uncertainty continued. - FY2020-Q3WorsenedAnnual report
「During the third quarter of the current consolidated cumulative period, corporate performance deteriorated and employment and income conditions stagnated due to the impact of COVID-19. Economic activity has gradually resumed while measures are taken to prevent the spread of infection, but concerns about the risk of a second wave remain, and the outlook continues to be uncertain.」
COVID-19 caused corporate performance to deteriorate and employment and income conditions to stagnate. Concerns about a second wave remained even after economic activity resumed, and uncertainty in the external environment continued. - FY2020-Q2WorsenedAnnual report
「During the second quarter of the current consolidated cumulative period, the economy was on a moderate recovery path as corporate performance and employment and income conditions improved. However, COVID-19 spread rapidly worldwide, raising concerns about its impact on economic activity in Japan and overseas and increasing uncertainty about the outlook.」
While the economy remained on a recovery path, the global spread of COVID-19 raised concerns about its impact on economic activity and increased uncertainty about the outlook. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, corporate earnings remained at a high level and employment and income conditions continued to improve, while the economy remained on a moderate recovery path. Meanwhile, concerns about the outlook for the Chinese economy due to US-China trade issues and other factors persisted, and economic conditions remained uncertain.」
The company reiterates that the external environment combines a moderate economic recovery with uncertainty stemming from US-China trade issues and other factors. - FY2019SoftenedAnnual report
「Corporate earnings and employment conditions continued to improve, and the economy remained on a moderate recovery path.」
In contrast to the previously reported downturn and uncertainty caused by trade issues, the economic environment for the current fiscal year is described as being on a moderate recovery path. - FY2019-Q3First statedAnnual report
「With the consumption tax increase approaching, economic conditions are moving into a downturn, while trade friction stemming from US-China trade issues and overseas conditions remain unstable, and the uncertain situation continues.」
The consumption tax increase, economic conditions, US-China trade issues and overseas conditions are cited as uncertainty factors in the external environment.