Uncertainty in Overseas Economies and Geopolitical Risks
First written in FY2017. 4 of 9 entries say "Reframed", first in FY2018. Latest entry: 2026-07-31.
The whole theme swung hardest in 2022: 104 of 134 companies on the "Worse" side.
- 2026-07-31MitigatedEarnings
「As tensions in the Middle East showed signs of easing, product supply conditions from housing-related manufacturers were recovering.」
The company indicated that tensions in the Middle East and the associated restrictions on product supplies were easing and that supply conditions were recovering. Requests for price revisions due to persistently high petroleum product prices and yen depreciation remained. - FY2026-H1WorsenedAnnual report
「Looking ahead, the market environment is expected to remain challenging, owing to the continuing decline in new housing starts and restrictions on orders from manufacturers of housing equipment and housing materials, as well as requests for price revisions, associated with the increasingly tense situation in the Middle East. At present, we judge that the impact of the situation in the Middle East on the Company's operating results is limited. However, if the situation deteriorates or becomes prolonged and the supply of products is sharply restricted, this could have a material impact on the Group's business activities and operating results. We will closely monitor developments and respond promptly and flexibly.」
Regarding overseas and geopolitical risks, the tightening situation in the Middle East has led suppliers to impose order restrictions and request price revisions, while the risk of restrictions on product supply if conditions deteriorate has newly become more concrete. The current impact on business performance is described as limited. - 2026-04-30WorsenedEarnings
「At this point, we believe that the impact of the situation in the Middle East on our business performance is limited. However, if deterioration or prolongation of the situation sharply restricts product supplies, it could have a material impact on the business activities and performance of our group. We will closely monitor developments and respond promptly and flexibly.」
The company indicated that the impact of the situation in the Middle East is currently limited, while noting the possibility of supply restrictions and an impact on performance if the situation deteriorates or becomes prolonged. - FY2024ReframedAnnual report
「Meanwhile, factors that could lead to an economic downturn, including a shift toward yen appreciation, a prolonged stagnation of the Chinese economy, an increase in the consumption tax and a tendency toward fiscal austerity resulting from monetary tightening, remain present, making the outlook for the domestic economy difficult to predict.」
The discussion of overseas economic and geopolitical risks was organised around yen appreciation, stagnation in the Chinese economy, an increase in the consumption tax and monetary tightening as factors that could cause an economic downturn. - FY2023ReframedAnnual report
「Meanwhile, factors that could cause the domestic economy to contract, including further global price increases, accelerating foreign-exchange volatility and stagnation in the Chinese economy, remain present, making the outlook for the domestic economy difficult to predict.」
The discussion of overseas economic and geopolitical risks was organised as factors weighing on the domestic economy, including global price increases, accelerating foreign-exchange volatility and stagnation in the Chinese economy. - FY2022WorsenedAnnual report
「Meanwhile, the recovery in personal consumption, particularly in the United States, and higher prices caused by rising raw-material costs associated with Russia's invasion of Ukraine became serious issues globally. The acceleration of monetary tightening to curb inflation triggered a sharp rise in the dollar against the yen, making the impact on domestic corporate earnings difficult to predict.」
The discussion of overseas economic and geopolitical risks was expanded to include the invasion of Ukraine, higher raw-material costs, global price increases, monetary tightening and a sharp depreciation of the yen, indicating increased uncertainty. - FY2019ReframedAnnual report
「However, the outlook remains uncertain, with concerns about serious adverse effects on the global economy, including China, as US protectionism intensifies, in addition to chronic labour shortages and the effects following the consumption tax increase. Attention must be paid to risks that could weigh on Japan's economy.」
The discussion of overseas economic and geopolitical risks was reorganised to cover US protectionism, adverse effects on the global economy including China, and the effects following the consumption tax increase. - FY2018ReframedAnnual report
「Looking ahead, a gradual recovery is expected to continue against the backdrop of an expansionary trend in the global economy, the government's economic policies and the Bank of Japan's large-scale monetary easing. However, attention must be paid to risks that could slow Japan's economy, including the impact of US-China trade friction, developments in monetary policy in various countries and geopolitical risks in the Middle East.」
The discussion of overseas economic and geopolitical risks was made more specific and reorganised to cover US-China trade friction, monetary policy in various countries and geopolitical risks in the Middle East. - FY2017First statedAnnual report
「Meanwhile, the outlook for the economy remains uncertain, owing to factors including a slowdown in upward pressure on consumer prices, uncertainty surrounding overseas economies, particularly China, and heightened geopolitical risks in East Asia.」
Uncertainty surrounding overseas economies, including China, and geopolitical risks in East Asia were described as factors contributing to the uncertain economic outlook.