Risks from overseas economic conditions, policy changes and foreign exchange fluctuations
First written in FY2016. 9 of 30 entries say "Restated". Latest entry: 2026-05-28.
Onoken moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2025: 73 of 117 companies on the "Worse" side.
76 other companies' latest entry also says "Restated".
- 2026-05-28RestatedResults presentation
「海外の政治的要因等による経済環境の変化や国内の鉄鋼需要の回復に対する不透明感はあるものの」
海外の政治的要因と国内鉄鋼需要の回復に対する不透明感を引き続き示した。 - FY2026-H1RestatedAnnual report
「During the interim consolidated fiscal period, stock prices continued to rise as investment in the stock market, led by overseas investors, increased. However, the outlook remained uncertain as inflation progressed and the yen continued to depreciate amid fluctuations in overseas conditions, including the US tariff issue and instability in the Chinese economy.」
The filing continues to describe uncertainty about the outlook caused by the US tariff issue, instability in the Chinese economy, inflation and yen depreciation. It states that there have been no material changes in business and other risks. - FY2025WorsenedAnnual report
「In addition, although short-term signs of more vibrant economic activity have emerged as a result of economic measures, including government initiatives to promote wage increases, and the recovery in inbound demand, many unstable factors remain, including developments in US tariff measures, leaving the outlook uncertain.」
In addition to the previously identified overseas conditions, the Chinese economy and yen depreciation, the filing cites developments in US tariff measures as a new destabilizing factor. - FY2025-H1RestatedAnnual report
「During the interim consolidated fiscal period, the Japanese economy remained uncertain as inflation progressed and the yen continued to depreciate amid fluctuations in overseas conditions, including the situation in Ukraine and instability in the Chinese economy. However, despite disparities between regions and among industries and business types, signs of gradually improving business sentiment began to emerge as a result of the government's financial and economic measures and increased inbound demand.」
The filing reconfirms its previous assessment of both sides of the outlook: uncertainty from instability in the Chinese economy, inflation and yen depreciation continues, while government measures and inbound demand may bring signs of improving business sentiment. - FY2024-Q3Signs of recovery amid China's economic slowdown and continued yen depreciationAnnual report
「During the cumulative third quarter of the fiscal year, the impact of the spread of the novel coronavirus disease was subsiding, but the economic environment remained uncertain due to continued inflation and significant yen depreciation amid sharp changes in overseas conditions, including the invasion of Ukraine and growing signs of a slowdown in China's economy. However, signs that economic activity was gradually becoming more vibrant began to emerge as a result of government measures prioritizing economic activity and the recovery in inbound demand.」
While uncertainty about the outlook due to the invasion of Ukraine, signs of a slowdown in China's economy, inflation and yen depreciation continued, the filing also describes signs that economic activity was becoming more vibrant as a result of government measures prioritizing economic activity and the recovery in inbound demand. - FY2024-Q2MitigatedAnnual report
「During the cumulative second quarter of the fiscal year, the impact of the spread of the novel coronavirus disease gradually diminished and economic activity moved toward normalization. However, the global economic environment changed substantially as the yen depreciated and inflation progressed amid sharp changes in overseas conditions, including Russia's invasion of Ukraine, and uncertainty about the outlook for business sentiment continued.」
The filing states that the impact of the novel coronavirus disease is diminishing and economic activity is moving toward normalization, while uncertainty related to overseas conditions following the invasion of Ukraine, yen depreciation and inflation continues. - FY2024-Q1Easing pandemic-related impacts, but continued uncertainty from overseas conditions and yen depreciationAnnual report
「During the cumulative first quarter of the fiscal year, social activity moved toward normalization as the novel coronavirus disease was downgraded to Class 5 in May 2023 and domestic restrictions on activity and restrictions on entry from overseas were eased, among other measures. Economic activity also began to resume. However, changes in overseas conditions remained difficult to discern due to the prolonged invasion of Ukraine by Russia, and the outlook for business sentiment remained uncertain amid the impact of rising domestic prices resulting from the yen's depreciation.」
The filing describes moves toward normalization following the reclassification of the novel coronavirus disease to Class 5 and the easing of restrictions, while stating that uncertainty from the prolonged invasion of Ukraine and yen depreciation and rising prices continues. - FY2023-Q3WorsenedAnnual report
「During the cumulative third quarter of the fiscal year, the economic environment fluctuated substantially as inflation progressed and the yen depreciated significantly amid the impact of the spread of the novel coronavirus disease and sharp changes in overseas conditions, including the invasion of Ukraine and China's zero-COVID policy, leaving the outlook uncertain.」
In addition to the previously identified overseas conditions and inflation factors, the filing cites China's zero-COVID policy and the yen's significant depreciation, stating that fluctuations in the economic environment and uncertainty about the outlook have intensified. - FY2023-Q2Inflationary pressures driven by changes in overseas conditionsAnnual report
「During the cumulative second quarter of the fiscal year, the economic environment changed substantially as inflation progressed amid the impact of the spread of the novel coronavirus disease and sharp changes in overseas conditions, including Russia's invasion of Ukraine, leaving the economy as a whole lacking momentum.」
The filing cites inflation driven by the COVID-19 pandemic and sharp changes in overseas conditions, including Russia's invasion of Ukraine, as a source of uncertainty for the domestic economy. - FY2023-Q1Growing uncertainty in overseas conditions, accompanied by a weaker yen and rising pricesAnnual report
「During the cumulative first quarter of the fiscal year, while the impact of the spread of the novel coronavirus disease continued, economic activity had begun to recover gradually as moves to revitalize social and economic activity emerged. However, the outlook for overseas conditions remained difficult to discern due to Russia's invasion of Ukraine, and uncertainty about the future economic recovery persisted amid rising domestic prices resulting from the yen's depreciation.」
The filing states that economic activity has gradually recovered from the COVID-19 pandemic, while the uncertainty surrounding overseas conditions caused by Russia's invasion of Ukraine and rising domestic prices resulting from yen depreciation are new sources of uncertainty. - FY2022WorsenedAnnual report
「During the fiscal year, the Japanese economy remained uncertain as restrictions on economic activity resulting from the prolonged spread of the novel coronavirus disease continued to have a substantial impact on various industries, while changes in overseas conditions, including Russia's invasion of Ukraine, also occurred.」
In addition to the previously identified uncertainty in the external environment caused by the COVID-19 pandemic, the filing cites changes in overseas conditions, including Russia's invasion of Ukraine, as new sources of uncertainty. - FY2022-Q3MitigatedAnnual report
「During the cumulative third quarter of the fiscal year, the prolonged spread of the novel coronavirus disease continued to have a substantial impact on various industries both domestically and overseas, and business sentiment remained uncertain. However, as measures against COVID-19 progressed, including vaccinations and the development of therapeutic drugs, momentum toward the gradual revitalization of economic activity strengthened, and signs of a partial path to economic recovery began to emerge.」
The filing states that although the prolonged pandemic and uncertain business sentiment continue, progress in measures such as vaccinations and the development of therapeutic drugs has begun to reveal a partial path to economic recovery. - FY2022-Q2Expectations for a pickup driven by vaccination and the easing of restrictions on activityAnnual report
「During the cumulative second quarter of the fiscal year, the Japanese economy remained weak as various restrictions continued due to the spread of the novel coronavirus disease. Although uncertainty remains in overall business sentiment, a gradual economic recovery is expected as progress in vaccinations brings benefits such as the easing of restrictions on activity.」
The filing states that the economy remains weak and uncertain, while describing expectations for a pickup driven by progress in vaccinations and the easing of restrictions on activity. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, the Japanese economy remained weak as various restrictions on social and economic activity continued due to the spread of the novel coronavirus disease. Although business sentiment overall is expected to remain difficult to recover for some time, positive signs have begun to emerge in some industries as a result of external factors, including the recovery trend in overseas economic activity.」
The filing reiterates the weakness of the economy and the difficulty of recovery caused by the COVID-19 pandemic, while stating that positive signs have begun to emerge in some industries as overseas economies recover. - FY2021-Q3Partial economic recovery amid continued weaknessAnnual report
「During the cumulative third quarter of the fiscal year, the Japanese economy remained generally weak amid the COVID-19 pandemic, although the impact varied substantially by industry. Since the second half of the fiscal year, however, signs of a partial recovery have begun to emerge as a result of factors including government measures aimed at economic recovery and the recovery trend in overseas economies, particularly China.」
The filing states that the economy as a whole remained generally weak, while signs of a partial recovery had begun to emerge as a result of government measures and the recovery of overseas economies, particularly China. - FY2021-Q2MitigatedAnnual report
「During the cumulative second quarter of the fiscal year, domestic production and consumption remained substantially weak amid the COVID-19 pandemic. However, as economic activity overseas, particularly in China, gradually began to recover, economic activity, including in export-related industries, began to move toward recovery.」
The filing states that although domestic production and consumption were weak, overseas economic activity, particularly in China, began to recover, and economic activity, including in export-related industries, began to move toward recovery. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter of the fiscal year, the Japanese economy remained in an extremely difficult situation as social and economic activity rapidly stagnated amid the COVID-19 pandemic. Going forward, uncertainty in the external environment, including continued stagnation in domestic manufacturing, particularly export-related industries, due to the slowdown in economic activity and the international situation, means that business sentiment is expected to remain difficult to recover for some time.」
The filing states that social and economic activity rapidly stagnated due to the COVID-19 pandemic, resulting in stagnation in export-related industries and domestic manufacturing and making recovery in business sentiment difficult. The previously identified uncertainty in the external environment is described as having become significantly more severe. - FY2020WorsenedAnnual report
「In addition, as the impact of the novel coronavirus disease has prolonged and further downside risks to the domestic and overseas economies are a concern, the environment surrounding the Company is expected to remain challenging for the reasons outlined below.」
In addition to the previously identified factors, including overseas economic conditions and policy changes, the filing describes concerns about downside risks to the domestic and overseas economies resulting from the prolonged impact of the novel coronavirus disease. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, the Japanese economy was affected by factors including US-China trade friction and Japan-South Korea economic issues, which caused the global economy to enter a slowdown phase, and business sentiment had begun to stagnate.」
The filing continues to describe a slowdown in the global economy against a backdrop of US-China trade friction and Japan-South Korea economic issues, together with stagnant business sentiment. The business and other risk section states that there are no new risks or material changes. - FY2020-Q2WorsenedAnnual report
「During the cumulative second quarter of the fiscal year, the Japanese economy was affected by factors including US-China trade friction and Japan-South Korea economic issues, which caused the global economy to enter a slowdown phase, and business sentiment had begun to stagnate.」
The filing states that the global economy entered a slowdown phase against a backdrop of US-China trade friction and Japan-South Korea economic issues, and that business sentiment has stagnated. It also states that there are no new risks or material changes in the business and other risk section. - FY2020-Q1MaterialisedAnnual report
「During the cumulative first quarter of the fiscal year, the Japanese economy faced uncertainty in the external environment, including US-China trade friction and Japan-South Korea economic issues, and business sentiment had begun to stagnate.」
The filing describes uncertainty in the external environment caused by US-China trade friction and Japan-South Korea economic issues, as well as stagnant business sentiment, as the economic environment during the quarter. - FY2019-Q3RestatedAnnual report
「During the first 3 quarters of the fiscal year under review, there was no occurrence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company explicitly states that no new risks arose and no material changes occurred to existing risks. - FY2019-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year, and there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company explicitly states that no new risks arose and no material changes occurred to existing risks. - FY2018RestatedAnnual report
「During the fiscal year, the Japanese economy continued to recover gradually as a result of various economic and financial measures implemented by the government, while corporate earnings also improved.」
The filing describes a gradual recovery in the domestic economy and an improvement in corporate earnings as external factors affecting the business environment. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, the Japanese economy continued to recover gradually as a result of various economic and financial measures implemented by the government, while corporate earnings also improved.」
The filing describes a gradual recovery in the domestic economy and an improvement in corporate earnings. It states that there have been no material changes in business and other risks. - FY2018-Q2Recovery trend in the domestic economyAnnual report
「During the cumulative second quarter of the fiscal year, the Japanese economy continued to recover gradually, supported by improvements in employment and income conditions and a pickup in private consumption.」
The filing states that the domestic economy has continued to recover, against a backdrop of improving employment and income conditions and private consumption. It also states that there have been no material changes in business and other risks. - FY2017-Q3MaterialisedAnnual report
「During the third quarter cumulative period, the economy continued to recover moderately due to improving corporate earnings and various economic and monetary policies implemented by the government. However, the outlook became uncertain as exchange rates and share prices fluctuated sharply amid the UK's Brexit issue and the transition to a new US administration.」
Sharp fluctuations in exchange rates and share prices associated with the UK's Brexit issue and the transition to a new US administration, together with an uncertain outlook, were cited as features of the economic environment during the quarter. - FY2017-Q2MaterialisedAnnual report
「During the second quarter cumulative period, Japan's economy remained uncertain as sentiment lacked momentum while the effects of the Japanese government's fiscal policies aimed at overcoming deflation began to fade, and the impact of slowdowns in emerging Asian economies, including China, persisted.」
The company stated that weakening domestic policy effects and slowdowns in emerging Asian economies, including China, made the economic environment uncertain in the second quarter. - FY2017-Q1MaterialisedAnnual report
「During the first quarter cumulative period, Japan's economy remained unstable due to companies' cautious stance toward capital investment, the UK's withdrawal from the EU, and the impact of a downturn in the Chinese economy.」
The company stated that companies' cautious stance toward capital investment, the UK's withdrawal from the EU and the downturn in the Chinese economy affected the economic environment during the quarter. - FY2016First statedAnnual report
「If losses arise from a domestic or global recession, intensified competition, or unforeseeable policy changes, tighter regulations or political instability in a particular country or region, this may affect the company's business performance and financial position.」
The company lists economic conditions, competition, policy, regulation, political conditions and foreign exchange as external risks associated with imports and exports, particularly in Asia.