Uncertainty in Overseas Economies and Market Volatility
First written in FY2017-Q1. 14 of 25 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
- FY2026MaterialisedAnnual report
「Looking back at Japan's economy in fiscal 2025, the economy recovered moderately despite the impact of US tariff increases, friction in Japan-China diplomatic relations and other factors.」
US tariff increases and Japan-China diplomatic friction actually emerged in the fiscal year's economic environment and were described in terms of their impact on exports and inbound consumption. - FY2026-H1MaterialisedAnnual report
「The economy recovered moderately despite the impact of US tariff increases and rising prices. Exports of goods showed limited growth, particularly to the US, as front-loaded demand ahead of the introduction of US tariffs, which had continued through early spring, ran its course and was followed by a reactionary decline.」
The disclosure states that US tariff increases and rising prices emerged in the economic environment, while exports to the US showed limited growth because of the reactionary decline following front-loaded demand before the tariffs took effect. - FY2024Rising prices, a shift in monetary policy and geopolitical risksAnnual report
「Corporate capital investment recovered moderately despite the impact of rising costs, including higher construction costs, as corporate earnings remained at high levels. Meanwhile, personal consumption was sluggish: although wage increases raised household income, price increases spread across food and services.」
Rising prices slowing personal consumption, higher construction costs and adjustments in overseas manufacturing were described as new aspects of the business environment. - FY2024-Q3RestatedAnnual report
「Looking back at Japan's economy during the nine-month period ended the third quarter, the economy recovered moderately against the backdrop of progress toward normalizing economic activity, despite the impact of rising prices. In other words, exports increased even as overseas economies slowed, supported by the recovery in automobile production as supply constraints eased and the recovery in consumption by visitors to Japan. Meanwhile, service consumption, including travel and dining out, recovered as leisure activities returned. However, the pace of recovery in personal consumption slowed overall because consumption of goods such as food remained weak as prices rose.」
The assessment that economic recovery and the recovery in exports and service consumption continued, while rising prices weakened consumption of goods and slowed the overall pace of recovery in personal consumption, is reconfirmed. - FY2024-Q2Continued economic recovery and slower consumption recovery due to rising pricesAnnual report
「Looking back at Japan's economy during the six-month period ended the second quarter, the economy continued to recover moderately, mainly as economic activity moved further toward normalization. In other words, exports recovered overall despite the impact of slower overseas economies, supported by the recovery in automobile production as supply constraints on parts eased and the recovery in consumption by visitors to Japan. However, the pace of recovery in personal consumption slowed overall because food and other items showed weakness as prices rose.」
The economy and exports recovered against the backdrop of normalized economic activity, the recovery in automobile production and the recovery in consumption by visitors to Japan, while rising prices slowed the pace of recovery in personal consumption. - FY2024-Q1Continued economic recovery and sluggish export growthAnnual report
「Looking back at Japan's economy during the first quarter, the economy continued to recover moderately. In other words, exports remained firm despite the impact of slower overseas economies, led by automobiles, whose production recovered as supply constraints on parts eased.」
While the economy continued to recover moderately, exports and manufacturing production activity showed limited growth because of the impact of slower overseas economies. - FY2023Slowing overseas economies and financial system concernsAnnual report
「Exports followed an upward trend as the impact of supply constraints on parts eased, but their growth slowed in the second half of the fiscal year because of the slowdown in overseas economies and other factors.」
The assessment of the external economic environment shifted from increasing exports as supply constraints eased to slower growth in the second half of the fiscal year as overseas economies slowed. - FY2023-Q3Continued recovery in exports and the economyAnnual report
「Although exports were partly affected at the beginning of the period by lockdowns in Shanghai, China, they continued to recover as the impact of supply constraints on parts gradually eased.」
While lockdowns in Shanghai temporarily weighed on exports, the disclosure states that exports continued to recover as supply constraints eased. - FY2023-Q2Recovery in exportsAnnual report
「Although exports showed some weakness in the April-June quarter because of the impact of lockdowns in China, they recovered in the July-September quarter.」
While exports were weak because of lockdowns in China, the disclosure states that exports recovered in the July-September quarter. - FY2023-Q1MaterialisedAnnual report
「Looking back at Japan's economy during the first quarter, the economy recovered overall as personal consumption improved, despite weakness in exports. In other words, exports from Japan weakened following lockdowns in China, while domestic manufacturing production activity also weakened because of supply constraints and other factors.」
The disclosure states that exports and domestic manufacturing production activity actually weakened against the backdrop of lockdowns in China and supply constraints, while personal consumption recovered. - FY2022MaterialisedAnnual report
「Furthermore, from late February onward, Russia's invasion of Ukraine accelerated price increases for energy and other commodities, heightening uncertainty over the economic outlook.」
The rise in energy prices and uncertainty over the economic outlook resulting from Russia's invasion of Ukraine emerged as part of the business environment during the fiscal year. - FY2022-Q3Economic activity recoveryAnnual report
「However, in the October-December quarter, personal consumption recovered, particularly consumption of services, following the lifting of the state of emergency and other measures. In addition, as supply constraints on parts gradually eased, automobile production recovered toward year-end and exports also began to trend upward.」
The disclosure states that, following stagnation caused by the spread of infections and supply constraints in the first half of the fiscal year, personal consumption, automobile production and exports recovered in the October-December quarter. - FY2022-Q2MaterialisedAnnual report
「From July onward, the pace of the global economic recovery slowed as infections with the Delta variant of COVID-19 spread rapidly in countries around the world, and the growth in Japan's exports also weakened.」
The disclosure states that the spread of the Delta variant actually resulted in a slower pace of global economic recovery and a slowdown in Japan's exports. - FY2021-Q3MaterialisedAnnual report
「However, in the October-December quarter, exports and corporate production activity generally remained on a recovery trend, while the pace of recovery in personal consumption slowed because of the impact of the resurgence of COVID-19 and the waning effects of economic measures.」
The slowdown in the pace of recovery in personal consumption resulting from the resurgence of COVID-19 and the waning effects of economic measures emerged in the quarter's economic environment. - FY2021-Q2MaterialisedAnnual report
「Exports fell sharply in the April-June quarter because many countries restricted economic activity as COVID-19 spread.」
The global spread of COVID-19 and restrictions on economic activity in various countries emerged in the interim period as a sharp decline in exports. - FY2021-Q1MaterialisedAnnual report
「Economic activity was restricted in countries around the world as COVID-19 spread globally, causing exports to fall sharply, particularly to Europe and the US.」
The global spread of COVID-19 and restrictions on economic activity in various countries actually emerged as a sharp decline in exports, particularly to Europe and the US. - FY2020-Q3MaterialisedAnnual report
「Exports and production activity weakened as the slowdown in overseas economies caused by US-China trade friction and inventory adjustments in IT (information technology)-related goods weighed on them, while business sentiment in the manufacturing sector deteriorated.」
The slowdown in overseas economies resulting from US-China trade friction and inventory adjustments in IT-related goods also emerged in the third quarter as weakness in exports and production activity and deteriorating manufacturing sentiment. - FY2020-Q2MaterialisedAnnual report
「However, exports and production activity weakened as the slowdown in overseas economies, together with global inventory adjustments in IT (information technology)-related goods, weighed on them.」
The disclosure states that weakness in exports and production activity actually emerged as part of the economic environment during the quarter, against the backdrop of a slowdown in overseas economies and inventory adjustments in IT-related goods. - FY2020-Q1MaterialisedAnnual report
「Looking back at Japan's economy in the April-June 2019 quarter, exports showed weakness amid a slowdown in overseas economies, but the economy continued to recover moderately, supported by increased capital investment and personal consumption. In other words, exports and production showed weak trends as slower growth in China and inventory adjustments in IT (information technology)-related goods weighed on the economy.」
The disclosure states that exports and production actually weakened against the backdrop of slower growth in China and inventory adjustments in IT-related goods. - FY2019-Q3MaterialisedAnnual report
「The Nikkei Stock Average declined in October 2018 as US equities fell sharply amid rising long-term US interest rates and concerns over US-China trade friction, and at times fell below the ¥20,000 level in December. The yen also appreciated against the US dollar toward year-end as investors increasingly avoided risk, resulting in yen appreciation and dollar depreciation.」
The disclosure states that share prices fell and the yen strengthened against the US dollar, reflecting US-China trade friction and rising US long-term interest rates. - FY2019-Q2RestatedAnnual report
「During the six-month period ended the second quarter, the global economy continued to recover moderately overall. The US economy expanded, China's economy generally maintained stable growth, and emerging economies also continued to recover moderately, supported by factors including increased exports.」
While describing a moderate recovery in the global economy, the disclosure continues to treat volatility in financial and market conditions as part of the business environment. - FY2019-Q1MaterialisedAnnual report
「However, from late May onward, concerns over US-China trade friction resurfaced, while political risks in Southern Europe also came into focus. Share prices fell, and the dollar's gains against the yen were capped.」
The disclosure states that share prices fell and exchange rates moved in response to US-China trade friction and political risks in Southern Europe. - FY2018RestatedAnnual report
「However, from February onward, concerns over US protectionist trade policies and heightened geopolitical risks strengthened the global risk-off trend, share prices entered a correction phase, and the yen strengthened somewhat against other currencies.」
The business environment is described as including US protectionism, geopolitical risks, a correction in share prices and exchange-rate movements toward a stronger yen. - FY2017-Q2RestatedAnnual report
「Uncertainty in overseas economies increased because of issues including the UK's withdrawal from the European Union (EU), heightening uncertainty over the economic outlook.」
Uncertainty in overseas economies, including the UK's withdrawal from the EU, and uncertainty over the economic outlook are reiterated. - FY2017-Q1MaterialisedAnnual report
「In June, following the victory of the Leave campaign in the UK's referendum on membership of the European Union (EU), uncertainty in overseas economies increased, the yen strengthened and share prices fell further, heightening uncertainty over the economic outlook.」
The disclosure states that the UK's Leave campaign won the referendum and that the yen strengthened and share prices fell during the quarter.