Uncertainty over the outlook due to yen appreciation, a downturn in overseas economic conditions, and sluggish stock markets
First written in FY2017-Q1. 9 of 21 entries say "Restated". Latest entry: 2026-08-14.
The whole theme swung hardest in 2022: 124 of 167 companies on the "Worse" side.
- 2026-08-14RestatedEarnings
「一方、物価上昇の長期化により個人消費には慎重な動きもみられたほか、中東情勢の緊迫化に伴う原油価格や為替の動向など、先行きは依然として不透明な状況が続いております。」
物価上昇、原油価格、為替、地政学要因を含む外部環境の不透明性を継続して記載している。 - FY2026-H1Energy, geopolitics and US policy developments addedAnnual report
「On the other hand, the outlook remained uncertain due to inflation caused by surging energy and resource prices, prolonged geopolitical risks and the impact of US policy developments.」
In addition to the previous inflation and other factors, surging energy and resource prices, prolonged geopolitical risks and US policy developments were explicitly identified as sources of uncertainty in the external environment. - FY2025-H1RestatedAnnual report
「On the other hand, the outlook for the economy remained uncertain as surging raw-material prices, inflation caused by exchange-rate fluctuations and rising labor costs continued.」
An uncertain external environment, including raw-material prices, inflation caused by exchange-rate fluctuations and rising labor costs, continues to be described. - FY2024-Q3MaterialisedAnnual report
「Customer spending per transaction declined as inflation weakened consumer sentiment, and revenue fell below the previous year.」
Inflation was reflected in an actual year-on-year revenue decline in the kimono and jewelry business through weaker consumer sentiment and lower customer spending per transaction. - FY2024-Q2Monetary tightening and inflation, among other factors, continued to be describedAnnual report
「During the six-month period ended in the second quarter, social and economic activity began to move gradually toward normalization, partly due to the easing of activity restrictions and the effects of various policies. On the other hand, concerns remained over various impacts from continued global monetary tightening, surging raw-material prices, inflation and rising labor costs, and the outlook for the economy remained uncertain.」
While the normalization of social and economic activity was described, global monetary tightening and increases in raw-material prices, consumer prices and labor costs continued to be cited as factors contributing to uncertainty over the outlook. - FY2024-Q1Normalization of the impact of infectious diseases alongside concerns over rising prices and labor costsAnnual report
「During the three-month period ended in the first quarter, social and economic activity began to normalize and the economy remained on a gradual recovery trend, partly because COVID-19 was reclassified as a Category 5 disease. On the other hand, concerns remained over various impacts from surging raw-material prices, inflation caused by exchange-rate fluctuations and rising labor costs, and the outlook for the economy remained uncertain.」
While the normalization of social and economic activity following the reclassification of COVID-19 was described, rising prices caused by raw-material prices and exchange-rate fluctuations, and surging labor costs were cited as new concerns. - FY2023-Q2Inflation and monetary tightening addedAnnual report
「During the six-month period ended in the second quarter, Japan's economy showed signs of moving toward normalization despite the continuing impact of COVID-19, but uncertainty over the outlook continued due to the prolonged situation in Ukraine, the yen's sharp depreciation and other factors. Continued attention was required regarding domestic and overseas developments, including inflation and global monetary tightening.」
In addition to the situation in Ukraine and the yen's sharp depreciation, inflation and global monetary tightening were added as factors contributing to uncertainty over the outlook. - FY2023-Q1The sharp depreciation of the yen was explicitly statedAnnual report
「During the three-month period ended in the first quarter, Japan's economy continued to move toward normalization after the impact of COVID-19, but the outlook remained uncertain due to the situation in Ukraine, the yen's sharp depreciation and other factors.」
In addition to the situation in Ukraine, the yen's sharp depreciation was explicitly identified as a factor contributing to uncertainty in the external environment. - FY2022WorsenedAnnual report
「Japan's economy during the fiscal year remained in a difficult situation, with economic activity intermittently restricted due to the spread of COVID-19. Although signs of a recovery in personal consumption emerged as the number of infections declined and activity restrictions were eased with the spread of vaccinations, consumer sentiment weakened again due to the resurgence of infections caused by new variants. The outlook remained uncertain amid heightened tensions in the situation in Ukraine and a global surge in raw-material prices.」
In addition to the resurgence of infections, heightened tensions in the situation in Ukraine and the global surge in raw-material prices were described as new sources of uncertainty. - FY2021-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, personal consumption declined because of the spread of COVID-19. Although economic activity was gradually restored after the state of emergency was lifted, there were still no signs that COVID-19 was under control, and the economic outlook remained uncertain.」
Uncertainty over the economic outlook due to the spread of infectious diseases and weaker personal consumption continues to be described as a risk in the external economic environment. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal year, the domestic economy deteriorated rapidly because of the impact of voluntary restraints on economic activity to prevent the spread of COVID-19, and extremely difficult conditions with an uncertain outlook continued in personal consumption as well.」
In the external economic environment, the economy deteriorated rapidly due to the spread of infectious diseases and voluntary restraints on economic activity, and uncertainty over the outlook intensified to an extremely severe level. - FY2020-Q3WorsenedAnnual report
「During the nine-month period ended in the third quarter, Japan's economy remained on a gradual recovery trend, supported by improvements in corporate earnings and employment conditions, but the outlook remained uncertain amid the prolonged US-China trade tensions, the UK's withdrawal from the EU and other factors that increased uncertainty.」
In addition to the previous US-China trade tensions, their prolongation and the UK's EU withdrawal issue were cited as sources of uncertainty, broadening the factors contributing to uncertainty in the external economic environment. - FY2020-Q2RestatedAnnual report
「During the six-month period ended in the second quarter, Japan's economy remained on a gradual recovery trend, supported by improvements in corporate earnings and employment conditions, but the outlook remained uncertain partly due to the impact of US-China trade tensions.」
An uncertain external environment, including overseas political conditions and the impact of US-China trade tensions, continues to be described. - FY2020-Q1WorsenedAnnual report
「During the three-month period ended in the first quarter, Japan's economy remained on a gradual recovery trend, supported by improvements in corporate earnings and employment conditions, but the outlook remained uncertain partly due to the impact of US-China trade tensions.」
In addition to the previous uncertainty caused by overseas political conditions and other factors, the impact of US-China trade tensions was described as a source of uncertainty over the outlook. - FY2019-Q3RestatedAnnual report
「During the nine-month period ended in the third quarter, Japan's economy remained on a gradual recovery trend, supported by improvements in corporate earnings and employment conditions, but uncertainty in overseas political conditions left the outlook uncertain.」
Uncertainty over the outlook due to uncertainty in overseas political conditions continues as a risk in the external economic environment. - FY2019-Q1RestatedAnnual report
「During the three-month period ended in the first quarter, Japan's economy remained on a gradual recovery trend, supported by improvements in corporate earnings and employment conditions, but uncertainty in overseas political conditions left the outlook uncertain.」
Uncertainty over the outlook due to uncertainty in overseas political conditions continues to be described as a risk in the external economic environment. - FY2018-Q3RestatedAnnual report
「During the nine-month period ended in the third quarter, Japan's economy was on a gradual recovery trend, supported by improvements in corporate earnings and employment conditions, but uncertainty over the outlook continued due to instability in overseas political conditions and other factors.」
Uncertainty over the outlook due to instability in overseas political conditions and other factors continues to be described as a risk in the external environment. - FY2017WorsenedAnnual report
「The outlook for the economy remains uncertain, amid concerns over foreign-exchange risks, slowing emerging-market economies and developments under the new US administration.」
In addition to the previous concerns over exchange rates and emerging-market economies, concerns over developments under the new US administration were indicated, broadening the sources of uncertainty in the external environment. - FY2017-Q3RestatedAnnual report
「During the nine-month period ended in the third quarter, Japan's economy showed signs of a gradual recovery due to the government's economic policies and the Bank of Japan's monetary easing, but uncertainty over the outlook continued, owing to concerns about exchange-rate fluctuations and slowing economies in emerging markets, particularly China.」
An uncertain economic environment, including exchange-rate fluctuations and slowing emerging-market economies, continues to be described. - FY2017-Q2RestatedAnnual report
「The Group aims to expand its business scale through active M&A and added new consolidated subsidiaries in the kimono and jewelry and wholesale businesses in the previous fiscal year. During the current quarter, in the wholesale business, it acquired the business of the horizontal knit planning and sales division from イエリデザインプロダクツ株式会社 and worked to expand its business operations.」
It is stated that uncertainty over the outlook due to exchange rates, share prices and slowing emerging-market economies continues. - FY2017-Q1First statedAnnual report
「The Group aims to expand its business scale by actively pursuing M&A, and added new consolidated subsidiaries in the kimono and jewelry business and the wholesale business in the previous fiscal year.」
An uncertain economic environment has been indicated, including deteriorating corporate earnings due to a stronger yen, weaker overseas economies and a sluggish stock market.