Economic Uncertainty from Geopolitical Risks
First written in FY2018-Q2. 16 of 24 entries say "Worsened", first in FY2018. Latest entry: 2026-10-09.
Advan Group moved to the "Worse" side of this theme in 2018, 4 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 46 of 79 companies on the "Worse" side.
37 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「During the consolidated fiscal year under review, uncertainty about the global outlook increased further due to concerns over higher resource prices and logistics costs associated with rising tensions in the Middle East, including the situation in Iran, as well as developments in U.S. trade policy.」
In addition to the existing uncertainty arising from the situations in Ukraine and the Middle East, it cites the situation in Iran, surging resource prices and logistics costs, and US trade policy, stating that uncertainty about the outlook increased further. - 2026-04-06WorsenedEarnings
「Regarding the outlook for the next fiscal year, given the high level of uncertainty, net sales are projected at ¥18,500 million, up 8.6% year on year, while operating profit is projected at ¥2,800 million, up 25.4%.」
The Company continues to recognize strong uncertainty about the outlook, citing concerns over an economic downturn caused by geopolitical risks and the trade policies of various countries. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period under review, expectations for economic expansion increased amid higher wages and prices, as seen in substantial increases in starting salaries for new graduates. However, uncertainty about the outlook continued due to persistent geopolitical risks and uncertainty in the global economy.」
While indicating expectations for economic expansion driven by higher wages and prices, it continues to note uncertainty about the outlook due to geopolitical risks and uncertainty in the global economy. - FY2025WorsenedAnnual report
「While the domestic economy is expected to recover moderately due to improvements in employment and income conditions and various government policies, concerns over higher prices, a weaker yen, and higher interest rates persist. In addition, the announcement by US President Trump of reciprocal tariffs heightened concerns over a global recession, leaving the outlook uncertain.」
In addition to the existing geopolitical, inflation, and foreign-exchange risks, it cites US reciprocal tariffs, higher interest rates, and concerns over a global recession, stating that uncertainty about the outlook increased. - FY2024WorsenedAnnual report
「The deterioration of the situations in Ukraine and the Middle East and the yen's further depreciation added higher international logistics costs to the existing concerns over resource and energy supplies, resulting in continued upward pressure on prices.」
In addition to the existing situation in Ukraine and other factors, it cites the deterioration of the situation in the Middle East and higher international logistics costs, heightening geopolitical and supply-side uncertainty. - FY2024-Q3WorsenedAnnual report
「Greater caution is required regarding the effects of geopolitical risks, including the ongoing conflict in Ukraine and the deterioration of the situation in the Middle East, together with related issues such as the partial suspension of Suez Canal operations.」
In addition to the existing situation in Ukraine and other factors, it cites the deterioration of the situation in the Middle East and the partial suspension of Suez Canal operations, stating that greater caution is required regarding geopolitical risks. - FY2024-Q2RestatedAnnual report
「While the gradual easing of various restrictions related to COVID-19 has put the economy on a moderate recovery track, the outlook remains uncertain because of concerns about the impact on consumption from the yen's sharp depreciation and high resource and energy prices, as well as overseas economic and price trends and future developments in the situation in Ukraine.」
While indicating a recovery trend resulting from the easing of restrictions related to infectious diseases, it continues to note uncertainty arising from the weaker yen, higher resource and energy prices, overseas economic and price trends, and the situation in Ukraine. - FY2024-Q1Recovery trend continues amid persistent uncertaintyAnnual report
「While the gradual easing of various restrictions related to COVID-19 has put the economy on a moderate recovery track, the outlook remains uncertain because of concerns about the impact on consumption from the yen's sharp depreciation and high resource and energy prices, as well as overseas economic and price trends and future developments in the situation in Ukraine.」
While factors supporting a recovery in economic activity are evident, uncertainty about the economy continues due to overseas economic and price trends, the weaker yen, higher resource prices, and the situation in Ukraine. - FY2023WorsenedAnnual report
「During the fiscal year under review, social and economic activity continued to normalize from the COVID-19 pandemic and the economy continued to recover gradually. However, the environment surrounding the Japanese economy remained highly uncertain due to surging energy and food prices resulting from heightened geopolitical risks, including Russia's invasion of Ukraine, and concerns over a global recession caused by monetary tightening in the US and Europe.」
While noting factors supporting normalization from the COVID-19 pandemic, it states that uncertainty increased due to the situation in Ukraine, surging resource prices, monetary tightening, and concerns over a global recession. - FY2023-Q3WorsenedAnnual report
「During the cumulative third quarter under review, normalization from the COVID-19 pandemic continued to be anticipated. However, the outlook for the economy became even more uncertain as concerns over inflation increased in Japan and abroad and policy changes by monetary authorities in response caused substantial exchange-rate volatility.」
While normalization from the COVID-19 pandemic is anticipated, it notes that concerns over inflation, policy changes by monetary authorities, and substantial exchange-rate volatility have made the economic outlook even more uncertain. - FY2023-Q2WorsenedAnnual report
「During the cumulative second quarter consolidated period, Japan's economy was gradually normalizing after the COVID-19 pandemic, but the outlook remained uncertain as the yen depreciated sharply, prices rose because of higher freight rates and procurement costs, and resource and energy prices soared amid the situation in Ukraine, with supply shortages heightening inflation concerns.」
In addition to the existing geopolitical uncertainty, it identifies surging resource and energy prices and supply shortages resulting from the situation in Ukraine, as well as the sharp depreciation of the yen, as factors clouding the economic outlook. - FY2023-Q1WorsenedAnnual report
「During the first quarter under review, the Japanese economy showed signs of a gradual recovery. However, concerns persisted over volatility in financial markets caused by the sharp depreciation of the yen and the impact on consumption of higher resource and energy prices. In addition, the outlook for the economy remained uncertain due in part to the protracted situation in Ukraine.」
While indicating signs of an economic recovery, it identifies the sharp depreciation of the yen, higher resource and energy prices, and the expected protraction of the situation in Ukraine as new factors of uncertainty. - FY2022WorsenedAnnual report
「Corporate earnings deteriorated due to higher raw material costs and surging gasoline prices, while uncertainty about the outlook increased further, triggered by US monetary tightening and Russia's invasion of Ukraine.」
In addition to the existing uncertainty arising from US-China friction and other factors, it notes growing uncertainty resulting from higher raw material costs, monetary tightening, and Russia's invasion of Ukraine. - FY2020WorsenedAnnual report
「During the fiscal year under review, the Japanese economy was affected by factors of uncertainty including US-China friction and the spread of COVID-19. The resulting stagnation in economic and social activity heightened concerns over a slowdown in the global economy, and uncertainty about the outlook continued.」
In addition to the existing uncertainty arising from US-China friction and other factors, it notes the stagnation of economic and social activity caused by COVID-19 and growing concerns over a slowdown in the global economy. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter under review, the Japanese economy remained uncertain, despite improvements in employment and income conditions, due in part to the effects of US-China trade friction and the UK's withdrawal from the EU.」
While indicating improvements in employment and income conditions, it continues to note uncertainty about the outlook arising from US-China trade friction and the UK's withdrawal from the EU. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, the Japanese economy remained uncertain, affected by issues abroad including US-China trade friction and the UK's withdrawal from the EU.」
It continues to note uncertainty about the outlook arising from US-China trade friction and the UK's withdrawal from the EU. - FY2020-Q1WorsenedAnnual report
「During the cumulative first quarter of the consolidated fiscal year, Japan's economy remained on a moderate recovery trend, supported by improvements in corporate earnings and the employment and income environment. However, exports and production showed weakness, while uncertainty about the outlook continued amid volatility in financial and capital markets and growing concerns about a slowdown in the global economy.」
While indicating factors supporting an economic recovery, it also notes weakness in exports and production, volatility in financial and capital markets, and growing concerns over a slowdown in the global economy, heightening uncertainty about the outlook. - FY2019-Q3MaterialisedAnnual report
「During the cumulative third quarter of the consolidated fiscal year, Japan's economy saw its growth momentum slow, partly due to the global decline in stock prices and the effects of trade friction between the United States and China.」
The Company indicates that growth momentum has slowed under the effects of the global decline in stock prices and U.S.-China trade friction, with the previous uncertainty about the outlook appearing as an actual economic slowdown. - FY2019-Q2WorsenedAnnual report
「The outlook has become more uncertain amid heightened overseas risks, including concerns about the effects of higher crude oil prices and U.S. trade policy.」
The Company states that the outlook became more uncertain as overseas risks, including higher crude oil prices and U.S. trade policy, intensified. - FY2019-Q1RestatedAnnual report
「Trade friction originating in the United States is a concern, and the outlook remains uncertain.」
The Company continues to identify trade friction originating in the United States as a concern for the economy and a source of uncertainty regarding the outlook. - FY2018WorsenedAnnual report
「Uncertainty about intensifying global trade friction and the yen's appreciation stemming from a decline in the U.S. stock market have worsened corporate sentiment, and the outlook has remained uncertain.」
In addition to previous concerns about geopolitical risks, the Company describes intensifying trade friction, the decline in U.S. stocks and worsening business sentiment due to the yen's appreciation. - FY2018-Q2First statedAnnual report
「Although there are concerns about geopolitical risks,」
In explaining the trend toward economic recovery, the Company newly identifies concerns about geopolitical risks as a risk in the external environment.