Uncertainty over the Economic Environment Due to Monetary Tightening, Exchange-Rate Fluctuations and Inflation
First written in FY2023-Q1. 5 of 8 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2020: 40 of 57 companies on the "Worse" side.
60 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「Labor supply and demand remained tight, while in the financial sector, the Bank of Japan made progress toward normalizing monetary policy.」
The company recognizes an economic environment including tight labor supply and demand and the normalization of monetary policy. The impact of rising prices also continues, and the existing theme concerning uncertainty in the economic environment was retained. - FY2025RestatedAnnual report
「Japan's economy during the consolidated fiscal year under review continued to recover gradually as employment and income conditions improved. Meanwhile, continued price increases and US trade policy, among other factors, posed risks of weighing on Japan's economy, and the outlook remained uncertain.」
In addition to rising prices, US trade policy was cited as a factor weighing on the economy, and the uncertainty in the economic environment continued to be described. - FY2025-H1RestatedAnnual report
「Meanwhile, the effects of rising prices, future policy developments in the United States, the situation in the Middle East and volatility in financial and capital markets remain difficult to predict, and the outlook continues to be uncertain.」
The uncertainty in the economic environment arising from rising prices, US policy developments, the situation in the Middle East and volatility in financial and capital markets continued to be described. - FY2024-Q3WorsenedAnnual report
「Meanwhile, in addition to high global inflation and monetary tightening in various countries, growing instability in the global situation has raised concerns about a slowdown in the global economy. Going forward, it will be necessary to closely monitor trends in domestic and overseas inflation and interest rates, as well as rising geopolitical risks, including the situation in the Middle East.」
In addition to the previously cited factors of rising prices, monetary tightening and interest-rate trends, instability in the global situation and rising geopolitical risks, including the situation in the Middle East, were explicitly identified, broadening the factors contributing to uncertainty in the economic environment. - FY2023RestatedAnnual report
「Japan's economy during the consolidated fiscal year under review showed signs of a gradual recovery, particularly in private consumption, capital investment and employment, as efforts were made to balance social and economic activity toward living with COVID-19. However, uncertainty about the outlook continues due to concerns about an economic slowdown arising from higher prices caused by soaring global resource prices and monetary tightening in the United States, Europe and other regions.」
The uncertainty in the economic environment arising from soaring resource prices, rising prices, monetary tightening and concerns about an economic downturn was reaffirmed. - FY2023-Q3RestatedAnnual report
「However, as global monetary tightening and other factors continue, a downturn in overseas economies poses a risk of weighing on Japan's economy. Going forward, close attention will need to be paid to the effects of rising prices, supply-side constraints and volatility in financial and capital markets.」
The recognition that uncertainty remains due to global monetary tightening, a downturn in overseas economies, rising prices, supply constraints and volatility in financial and capital markets has been reaffirmed. - FY2023-Q2MaterialisedAnnual report
「As a result of employees being required to stay home due to COVID-19 infections and other factors in the staffing business, higher cost ratios due to the weaker yen in the overseas outsourcing business, stronger sales and administrative controls, and higher SG&A expenses associated with relocating and expanding operating bases, the amount was ¥60.443 million, down 14.7% year on year.」
The higher cost ratio in the overseas outsourcing business caused by the weaker yen actually occurred and weighed on segment profit in the human resources-related services business. - FY2023-Q1First statedAnnual report
「However, the outlook remains uncertain due to sharp fluctuations in foreign exchange markets against the backdrop of global monetary tightening and other factors, as well as the impact of rising prices on households and companies.」
The uncertain outlook arising from global monetary tightening, sharp foreign-exchange fluctuations and rising prices was described as a new operating-environment risk.