Decline in air travel demand due to economic trends, infectious diseases and the international situation
First written in FY2023. 5 of 9 entries say "Restated". Latest entry: FY2026.
1 other company's latest entry also says "Restated".
- FY2026RestatedAnnual report
「During the current consolidated fiscal year, the global economy remained uncertain due to heightened geopolitical risks arising from the prolonged situation in Ukraine and conditions in the Middle East, persistent global inflationary pressure, fluctuations in interest rates and foreign exchange rates accompanying revisions to monetary policy in various countries, and soaring energy prices.」
The Group continues to recognise uncertainty in the external environment arising from geopolitical risks, inflation, fluctuations in interest rates and foreign exchange rates, and soaring energy prices. - FY2025WorsenedAnnual report
「During the current fiscal year, the global economy remained uncertain because of the prolonged situation in Ukraine, geopolitical risks including the conflict in the Middle East, inflation risk and the impact of US tariff policies.」
In addition to existing geopolitical and inflation risks, the impact of US tariff policies was identified as an uncertain factor. - FY2025-H1RestatedAnnual report
「During the interim accounting period from 1 July 2024 to 31 December 2024, the global economy remained uncertain because of the prolonged situation in Ukraine, geopolitical risks including the conflict in the Middle East, inflation risk and volatility in financial and capital markets.」
The company continues to recognize uncertainty caused by geopolitical risks, inflation and financial-market volatility. - FY2024RestatedAnnual report
「A large portion of our revenue consists of sales of components used in aircraft engines. The aircraft industry is susceptible to economic and macroeconomic trends. If the performance and operating bases of airlines and aircraft manufacturers deteriorate because of reduced passenger demand or higher crude oil prices resulting from a global economic downturn, international conflicts or terrorism, or the spread of infectious diseases, our financial condition and results of operations could be adversely affected through lower orders and revenue.」
While recognizing a recovery in aircraft demand, the company continues to identify risks of lower demand caused by economic conditions, international affairs, infectious diseases and crude oil prices. - FY2024-Q2RestatedAnnual report
「At the same time, uncertainty about the outlook continues because of geopolitical risks, including the situation in Ukraine, higher raw-material prices and inflation risk.」
The company continues to recognize geopolitical risk, higher raw-material prices and inflation risk. - FY2024-Q1RestatedAnnual report
「At the same time, uncertainty about the outlook continues because of geopolitical risks, including the situation in Ukraine, higher raw-material prices and inflation risk.」
The company continues to recognize geopolitical risk, higher raw-material prices and inflation as external-environment risks. - FY2023First statedAnnual report
「The aircraft industry is susceptible to economic and macroeconomic trends. If the performance and operating bases of airlines and aircraft manufacturers deteriorate because of reduced passenger demand or higher crude oil prices resulting from a global economic downturn, international conflicts or terrorism, or the spread of infectious diseases, our financial condition and results of operations could be adversely affected through lower orders and revenue.」
While noting a recovery in aircraft demand, the company identifies external factors that could reduce demand as key risks.