Economic Uncertainty Resulting from Geopolitical Risks
First written in FY2018-Q2. 9 of 18 entries say "Worsened", first in FY2022. Latest entry: FY2026.
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「During the consolidated fiscal year from 1 July 2025 to 30 June 2026, Japan’s economy was recovering moderately due to improvements in employment and income conditions. However, the outlook remained uncertain amid the effects of worsening Japan-China relations, the prolonged situation in Ukraine and rising geopolitical risks in the Middle East.」
The company indicated that, while the economy was showing signs of recovery, worsening Japan-China relations, the prolonged situation in Ukraine and geopolitical risks in the Middle East had emerged as additional sources of uncertainty. - FY2025WorsenedAnnual report
「Responses are required to declining personal consumption resulting from rising prices, the impact of US trade policy and volatility in financial and capital markets, among other factors, and the outlook remains uncertain.」
In addition to the previous uncertainty surrounding overseas economies and trade issues, US trade policy, rising prices and volatility in financial and capital markets were identified as sources of uncertainty. - FY2025-H1RestatedAnnual report
「During the interim consolidated fiscal period under review (1 July 2024 to 31 December 2024), Japan’s economy continued to recover moderately as employment and income conditions improved, but the outlook remained uncertain, requiring attention to the continued high interest-rate levels in Europe and the United States, stagnation in China’s real estate market and developments in the Middle East.」
It states that, despite signs of economic recovery, uncertainty about the outlook continues due to high interest rates in Europe and the United States, stagnation in China’s real estate market and developments in the Middle East. - FY2024WorsenedAnnual report
「During the consolidated fiscal year under review, Japan’s economy continued to recover moderately as employment and income conditions improved, and a continued moderate recovery is expected. However, the outlook remains uncertain, requiring attention to developments in the Middle East, concerns about the outlook for the Chinese economy and the impact of global monetary tightening.」
While expectations for an economic recovery were expressed, developments in the Middle East, concerns about the outlook for the Chinese economy and the impact of global monetary tightening were added as sources of uncertainty. - FY2024-Q2WorsenedAnnual report
「During the cumulative second quarter under review, Japan’s economy continued to recover moderately as employment and income conditions improved, but the outlook remained uncertain, requiring attention to the downside risk to overseas economies from global monetary tightening, inflation and instability in the Middle East.」
While the economy is showing signs of recovery, the downside risk to overseas economies from global monetary tightening, inflation and instability in the Middle East were identified as sources of uncertainty. - FY2023-Q3WorsenedAnnual report
「During the cumulative third quarter under review, Japan’s economy saw further normalisation of social and economic activity as restrictions on movement related to COVID-19 were eased, and an economic recovery is expected. However, the outlook remains uncertain, requiring attention to the downside in overseas economies resulting from global monetary tightening, inflation caused by soaring raw material prices and other factors, and volatility in financial and capital markets.」
While economic activity is moving toward normalisation, the downside in overseas economies caused by global monetary tightening, inflation and volatility in financial and capital markets were identified as sources of uncertainty. - FY2023-Q2WorsenedAnnual report
「The government’s living-with-COVID policy has led to a review of restrictions on movement and economic activity, and an economic recovery is expected. However, the outlook remains uncertain due to the downside risk to overseas economies from global monetary tightening and inflation caused by soaring raw material prices and other factors.」
While economic activity is expected to normalise, the downside risk to overseas economies from global monetary tightening and soaring raw material prices were identified as sources of uncertainty. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter under review (1 July 2022 to 30 September 2022), Japan’s economy was expected to recover as economic and social activity normalised with the decline in COVID-19 cases, but the outlook remained uncertain due to the rapid depreciation of the yen resulting from global monetary tightening and soaring resource prices.」
While economic and social activity is expected to normalise, global monetary tightening, the rapid depreciation of the yen and soaring resource prices were identified as new sources of uncertainty. - FY2022WorsenedAnnual report
「During the consolidated fiscal year under review, Japan’s economy saw a renewed spread of COVID-19 infections and a state of emergency was declared, but economic and social activity gradually moved toward normalisation as vaccination progressed. However, the outlook for the economy remained uncertain due to the impact of restrictions on economic activity resulting from the renewed spread of infections in China, the prolonged situation in Ukraine and rising raw material prices, among other factors.」
The renewed spread of infections in China, the prolonged situation in Ukraine and rising raw material prices emerged as specific and expanding sources of economic uncertainty. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review (1 July 2019 to 31 December 2019), Japan’s economy continued on a moderate recovery track, but uncertainty persisted, requiring attention to the outlook for the Chinese economy, developments in trade issues, the UK’s withdrawal from the EU and other impacts from overseas economies and financial and capital markets.」
It reiterates that uncertainty continues regarding overseas economies and financial and capital markets, including the outlook for the Chinese economy, trade issues and the UK’s withdrawal from the EU. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter under review (1 July 2019 to 30 September 2019), Japan’s economy continued on a moderate recovery track, but uncertainty persisted as the outlook for overseas economies became less certain and tensions surrounding trade issues intensified.」
It reiterates that an uncertain economic environment caused by the outlook for overseas economies and tensions surrounding trade issues continues. - FY2019-Q3RestatedAnnual report
「Meanwhile, uncertainty continues regarding overseas economies and the outlook for trade issues, among other matters.」
It reiterates that an uncertain economic environment caused by uncertainty in overseas economies and trade issues continues. - FY2019-Q2RestatedAnnual report
「Meanwhile, uncertainty in overseas economies continues, and the outlook for trade issues also remains uncertain.」
It reiterates that an uncertain economic environment caused by uncertainty in overseas economies and trade issues continues. - FY2019-Q1RestatedAnnual report
「Meanwhile, uncertainty persists, including the need to pay close attention to the impact on economic activity of uncertainty in overseas economies, the outlook for trade issues and a series of natural disasters.」
It states that uncertainty continues, with attention required regarding the impact of uncertainty in overseas economies, trade issues and natural disasters on economic activity. - FY2018-Q3RestatedAnnual report
「Uncertainty persists, including the need to remain mindful of the impact of geopolitical risks becoming more pronounced.」
It states that an uncertain economic environment requiring attention to the materialisation of geopolitical risks continues. - FY2018-Q2First statedAnnual report
「Uncertainty persists, including the need to remain mindful of the impact of geopolitical risks becoming more pronounced.」
A newly disclosed economic environment requiring attention to the materialisation of geopolitical risks. No specific damage or direct impact on the Company’s performance is described.