Downside Risks to the Global Economy and Geopolitical Risks
First written in FY2018-Q3. 5 of 16 entries say "Restated". Latest entry: FY2026.
Premium Group moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 49 of 82 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2026Concerns over US trade policy, the situation in the Middle East and logistics costsAnnual report
「Looking ahead, in addition to developments concerning U.S. trade policy and volatility in the financial and capital markets, we need to monitor the impact of the worsening situation in the Middle East, which has become a new concern since the beginning of 2026, on the real economy and personal consumption through energy prices, logistics costs and other factors. Conditions therefore remain highly uncertain.」
In addition to the existing concerns about overseas economies, financial markets and prices, the impact of U.S. trade policy and the worsening situation in the Middle East on energy prices and logistics costs is cited. - 2026-05-11WorsenedEarnings
「Looking ahead, in addition to developments concerning U.S. trade policy and volatility in the financial and capital markets, we need to monitor the impact of the worsening situation in the Middle East, which has become a new concern since the beginning of 2026, on the real economy and personal consumption through energy prices, logistics costs and other factors. Conditions therefore remain highly uncertain.」
The company identifies the worsening situation in the Middle East, in addition to volatility in the financial and capital markets, as a new external-environment concern. - FY2026-H1Constraints on economic recovery caused by U.S. trade policy and high pricesAnnual report
「Looking ahead, continued close attention is required regarding downside risks to overseas economies, the increasingly tense international situation, and the impact of price trends and financial and capital market volatility on the Japanese economy.」
In addition to the existing monetary tightening, international situation and rising prices, continued attention is being paid to downside risks to overseas economies and financial and capital market volatility. - FY2025-H1Uncertainty caused by monetary tightening and financial market volatilityAnnual report
「Meanwhile, we believe that sufficient attention must be paid to downside risks to overseas economies arising from global monetary tightening and the uncertain international situation, as well as the impact of rising prices and fluctuations in the financial and capital markets, among other factors.」
In addition to the existing geopolitical situation, yen depreciation and rising prices, global monetary tightening, downside risks to overseas economies and financial and capital market volatility are described as external environment risks. - FY2024Continued uncertainty caused by rising interest rates, yen depreciation and energy shortagesAnnual report
「Meanwhile, inflationary trends caused by rising interest rates, continued yen depreciation and energy shortages resulting from fluctuations in the unstable global situation also persist, and the outlook remains uncertain.」
In addition to the existing geopolitical situation, yen depreciation and rising prices, inflationary trends caused by rising interest rates and energy shortages are described as sources of uncertainty in the external environment. - FY2024-Q3Added concerns about inflation caused by labor and energy shortagesAnnual report
「Meanwhile, inflationary trends caused by a severe labor shortage in response to increased demand and energy shortages resulting from fluctuations in the unstable global situation also persist, and uncertainty about the outlook continues.」
In addition to the existing geopolitical situation, yen depreciation and rising prices, inflationary trends caused by a severe labor shortage and energy shortages are described as external environment risks. - FY2024-Q2RestatedAnnual report
「However, prices continue to rise amid the situation in Russia and Ukraine and the rapid depreciation of the yen, concerns about their impact on consumer life are spreading, and uncertainty about the outlook continues.」
External environment risks, including the situation in Russia and Ukraine, the rapid depreciation of the yen, rising prices and concerns about consumer life, continue to be described. - FY2024-Q1RestatedAnnual report
「However, concerns about the situation in Russia and Ukraine and an economic slowdown caused by the rapid depreciation of the yen have intensified, and uncertainty about the outlook continues.」
Concerns about an economic slowdown caused by the situation in Russia and Ukraine and the rapid depreciation of the yen continue to be described as external environment risks, as in the previous filing. - FY2023-Q3RestatedAnnual report
「However, as the end of the outbreak remains unforeseeable, concerns over an economic slowdown due to the situation in Ukraine and the rapid depreciation of the yen have intensified, and uncertainty about the outlook continues.」
The external environment risks, including concerns about an economic slowdown caused by the situation in Ukraine and the rapid depreciation of the yen, continue to be described, as in the previous filing. - FY2023-Q2Additional concerns over an economic slowdown due to the situation in Ukraine and yen depreciationAnnual report
「However, as the end of the outbreak remains unforeseeable, concerns over an economic slowdown due to the situation in Ukraine and the rapid depreciation of the yen have intensified, and uncertainty about the outlook continues.」
In addition to the previously cited infectious disease and semiconductor shortage, the Company identifies the situation in Ukraine and concerns over an economic slowdown due to the rapid depreciation of the yen as external-environment risks. - FY2022-Q3RestatedAnnual report
「Amid production cuts in new-vehicle sales due to the impact of the global semiconductor shortage, used-vehicle prices continue to rise because of insufficient used-vehicle inventories.」
The Company continues to identify the global semiconductor shortage, reduced new-vehicle production, insufficient used-vehicle inventories and higher prices as external-environment risks. - FY2022-Q2Market supply constraints caused by the semiconductor shortageAnnual report
「Amid production cuts in new-vehicle sales due to the impact of the global semiconductor shortage, used-vehicle prices continue to rise because of insufficient used-vehicle inventories.」
The Company identifies the global semiconductor shortage, reduced new-vehicle production, insufficient used-vehicle inventories and higher prices as external-environment risks. - FY2020Broader focus among external-environment risksAnnual report
「Overseas, uncertainty about the outlook persists due to the prolonged US-China trade conflict and the slowdown in the European economy.」
In addition to the previously cited US-China trade issues and financial-market volatility, the Company identifies uncertainty in the external environment, including a slowdown in the European economy and a global decline in share prices. - FY2019Shift in focus among external-environment risksAnnual report
「It was necessary to remain alert to the impact of developments in US-China trade issues on the global economy and to volatility in the financial and capital markets, among other factors.」
Compared with previous references to the US administration and conditions in East Asia, the Company identifies US-China trade issues and volatility in the financial and capital markets as economic and external-environment risks. - FY2018RestatedAnnual report
「Uncertainty about the outlook remains unresolved due to downside risks to the global economy, including the policies of the US administration and political and military tensions in East Asia.」
The Company continues to identify global economic downside risks, developments under the US administration, and political and military tensions in East Asia as external risks. - FY2018-Q3First statedAnnual report
「At the same time, in addition to political developments under the US administration and geopolitical risks in parts of Asia and the Middle East, there are downside risks to the global economy, and uncertainty about the outlook therefore remains unresolved.」
The Company identifies political developments under the US administration, geopolitical risks in Asia and the Middle East, and downside risks to the global economy.