Uncertainty over the outlook due to infectious diseases, sluggish consumption, soaring resource prices and geopolitical conditions
First written in FY2022-Q3. 8 of 12 entries say "Restated". Latest entry: FY2026.
Japan Craft Holdings moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 7 of 14 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Meanwhile, downside risks to the economy exist due to continued higher prices, U.S. tariff policies and heightened tensions in the Middle East, and the outlook remains uncertain.」
In addition to higher prices and U.S. policy risks, the company explicitly identified downside risks to the economy from heightened tensions in the Middle East. - FY2026-H1RestatedAnnual report
「Meanwhile, downside risks to the economy exist due to continued higher prices and U.S. tariff policies, and the outlook remains uncertain.」
The company continues to describe the previous external-environment risks related to higher prices and U.S. economic policies as downside risks to the economy from U.S. tariff policies. - FY2025WorsenedAnnual report
「Meanwhile, downside risks to the economy exist due to higher prices and U.S. economic policies, and the outlook remains uncertain.」
In addition to higher prices and volatility in financial and foreign exchange markets, the company newly identified downside risks to the economy from U.S. economic policies. - FY2024-Q3RestatedAnnual report
「A moderate recovery trend is broadly continuing, supported by the recovery in personal consumption against a backdrop of improving employment and income conditions and inbound demand exceeding pre-pandemic levels. At the same time, factors contributing to uncertainty about the outlook, including higher prices and volatility in financial and foreign exchange markets, are also evident.」
The company continues to describe uncertainty about the outlook due to higher prices and volatility in financial and foreign exchange markets while noting the recovery in personal consumption. - FY2024-Q2RestatedAnnual report
「As global monetary tightening continues, the slowdown in the pace of overseas economic recovery poses a downside risk, while the outlook remains uncertain amid higher prices and volatility in financial and capital markets.」
The company continues to describe uncertainty about the outlook due to monetary tightening, a slowdown in overseas economic recovery, higher prices and volatility in financial and capital markets. - FY2024-Q1RestatedAnnual report
「Energy costs, raw material prices and other prices have risen as the situation between Russia and Ukraine has dragged on and the yen has weakened due in part to the effects of global monetary tightening. The outlook therefore remains uncertain.」
The company continues to describe uncertainty about the outlook due to international conditions, the weaker yen, and higher energy costs and raw material prices. - FY2023RestatedAnnual report
「In May 2023, COVID-19 was reclassified as a Class 5 disease, equivalent to seasonal influenza, which largely removed restrictions on economic activity and supported the recovery in inbound demand. Economic activity is gradually normalizing. Meanwhile, events affecting economic activity, including the prolonged situation between Russia and Ukraine, higher energy costs and soaring raw material prices, continue, and the outlook remains uncertain.」
The company continues to describe uncertainty amid the easing of restrictions related to infectious disease and the normalization of economic activity, as well as international conditions, energy costs and soaring raw material prices. - FY2023-Q3RestatedAnnual report
「Although the containment of COVID-19 has enabled social and economic activity to normalize and personal consumption is on a moderate recovery trend, the economic outlook remains uncertain due to soaring global resource prices and higher prices resulting from the weaker yen.」
The company continues to describe uncertainty about the outlook while noting the easing of infections and the moderate recovery in personal consumption, as well as soaring resource prices, the weaker yen and higher prices. - FY2023-Q2RestatedAnnual report
「Meanwhile, consumer sentiment remains weak due to soaring fuel and raw material prices resulting from unstable international conditions and higher prices, and the economic outlook remains uncertain.」
The company continues to describe uncertainty about the outlook due to international conditions, soaring fuel and raw material prices, higher prices and weak consumer sentiment. - FY2023-Q1WorsenedAnnual report
「Uncertainty about the economic outlook continues to intensify amid concerns over soaring raw material and fuel prices resulting from heightened international tensions and a sharp depreciation of the yen, as well as sluggish personal consumption due to higher prices.」
In addition to the existing uncertainty over international conditions and resource prices, the company explicitly identified the sharp depreciation of the yen, soaring raw material and fuel prices, higher prices and concerns over sluggish personal consumption. - FY2022RestatedAnnual report
「The outlook remains uncertain due to the renewed spread of infectious disease caused by new variants, the global semiconductor shortage, soaring resource and energy prices, and the prolonged situation in Ukraine.」
The company continues to describe uncertainty in the external environment due to infectious disease, supply constraints, resource prices and geopolitical conditions. - FY2022-Q3First statedAnnual report
「Consumption remained sluggish as the COVID-19 pandemic persisted and infections resurged due to new variants, leading to the issuance of measures to prevent the spread of disease. Unprecedented uncertainty about the outlook also continued amid a global semiconductor shortage, soaring resource prices and Russia’s invasion of Ukraine.」
The company cites the prolonged and renewed spread of infectious disease, sluggish consumption, supply constraints, soaring resource prices and the situation in Ukraine as external-environment risks.