Yen appreciation and uncertainty over trends amid Brexit and other factors
First written in FY2017-Q2. 15 of 21 entries say "Reframed", first in FY2018-Q2. Latest entry: FY2027-H1.
OM2Network moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).
The whole theme swung hardest in 2022: 140 of 172 companies on the "Worse" side.
28 other companies' latest entry also says "Reframed".
- FY2027-H1ReframedAnnual report
「Although the intensification of tensions in the Middle East caused crude oil and raw-material prices to surge, the economy generally maintained a gradual recovery trend, supported by stronger IT demand for semiconductors and generative AI and a firm stock market.」
In addition to the previous uncertainty arising from the situation in Ukraine, the situation in the Middle East, and the yen's depreciation, the intensification of tensions in the Middle East and surging crude oil and raw-material prices are specifically cited as external-environment factors. - FY2025ReframedAnnual report
「Regarding the outlook for the next fiscal year, ending January 2026, Japan's economy is expected to continue its gradual recovery as employment and income conditions improve and the effects of various policies take hold. However, the outlook remains uncertain owing to persistently high resource and energy prices and advancing inflation resulting from unstable international conditions.」
While improvements in employment and income conditions and expectations for a gradual recovery are indicated, unstable international conditions, persistently high resource and energy prices, and inflation are identified as sources of uncertainty for the outlook. - FY2025-H1ReframedAnnual report
「The outlook remains uncertain because of unstable international conditions, including the prolonged invasion of Ukraine by Russia and worsening conditions in the Middle East, as well as foreign exchange markets, where the yen's depreciation continues, and their impact on the economy.」
The specific sources of uncertainty in the external environment continue to include, in addition to the prolonged situation in Ukraine, worsening conditions in the Middle East and foreign exchange markets, where the yen's depreciation continues. - FY2025-Q1ReframedAnnual report
「The outlook remains uncertain because of unstable international conditions, including the prolonged invasion of Ukraine by Russia and worsening conditions in the Middle East, as well as foreign exchange markets, where the yen's depreciation continues, and their impact on the economy.」
The specific sources of uncertainty in the external environment include, in addition to the prolonged situation in Ukraine, worsening conditions in the Middle East and foreign exchange markets, where the yen's depreciation continues. - FY2024-Q3ReframedAnnual report
「During the nine-month period ended December 2023, Japan's domestic economy showed a moderate recovery as economic activity normalized following COVID-19's reclassification as a Class 5 infectious disease in May 2023, with the recovery in human mobility and inbound demand. However, the outlook remained uncertain due to persistently high energy prices and rising prices resulting from the prolonged situation in Ukraine, as well as volatility in the financial and capital markets.」
The focus of the external environment has expanded to include an economic recovery driven by the recovery in people flows and inbound tourism demand after the pandemic subsides, while uncertainty stemming from the situation in Ukraine, energy prices, prices, and volatility in financial and capital markets continues. - FY2024-Q2ReframedAnnual report
「Meanwhile, the outlook remains uncertain, owing to persistently high energy prices and rising prices resulting from the prolonged situation in Ukraine, as well as volatility in financial and capital markets.」
The focus of uncertainty in the external environment has shifted from infectious diseases, tensions between the United States and China, and other factors to the situation in Ukraine, energy prices, rising prices, and volatility in financial and capital markets. - FY2023-Q3ReframedAnnual report
「Prices of various goods have continued to rise amid the rapid depreciation of the yen, while global energy prices have also remained elevated, including as a result of Russia's invasion of Ukraine. Both the domestic and overseas economies are expected to remain uncertain, with a challenging business environment.」
In addition to the previous uncertainty in the external environment centered on infectious diseases and tensions between the United States and China, the focus has shifted to the rapid depreciation of the yen, rising prices of various goods, the invasion of Ukraine, and higher energy prices. - FY2023-Q2ReframedAnnual report
「Although expectations had emerged for the COVID-19 pandemic to subside, the rapid spread of variants, together with Russia's invasion of Ukraine, has fueled growing political instability, while raw-material and energy prices have risen and foreign exchange markets have experienced sharp volatility, among other developments」
The focus of external-environment risks has shifted from China's economy, the UK's EU withdrawal, and tensions between the United States and China to variants, the invasion of Ukraine, resource and energy prices, and foreign exchange volatility. - FY2023-Q1ReframedAnnual report
「The outlook for Japan's economy is becoming increasingly uncertain because of expanding procurement risks resulting from higher resource and raw-material prices and the rapid depreciation of the yen, among other factors.」
The focus of the external environment has shifted from tensions between the United States and China, the UK's EU withdrawal issue, and COVID-19 to resource and raw-material prices, the rapid depreciation of the yen, and procurement risks. - FY2022-Q1ReframedAnnual report
「Overseas economies also remain highly uncertain, owing not only to the impact of COVID-19 but also to continuing tensions between the United States and China and the impact of the new U.S. administration's policies. Attention must be paid to the risk that these factors could place further downward pressure on Japan's economy.」
The specific sources of uncertainty in the external environment have shifted from China's economy and the UK's EU withdrawal issue to infectious diseases, tensions between the United States and China, and the policies of the new U.S. administration. - FY2020-Q3ReframedAnnual report
「The global economy is becoming increasingly uncertain, including because of China's economic slowdown resulting from U.S.-China trade tensions」
The specific focus of uncertainty in the external environment has shifted from the previously cited UK's EU withdrawal issue and other factors to China's economic slowdown associated with U.S.-China trade tensions. - FY2020-Q2RestatedAnnual report
「In the global economy, the outlook remained uncertain due to the expected slowdown in China's economy resulting from the U.S.-China trade dispute and unstable international political conditions, including the UK's withdrawal from the EU.」
The international political situation, including a slowdown in China's economic outlook and the UK's EU withdrawal issue, continues to be described as a source of uncertainty in the external environment. - FY2020-Q1ReframedAnnual report
「The slowdown in China's economic outlook caused by U.S.-China trade tensions, and the unstable international political situation surrounding the UK's EU withdrawal issue, among other factors」
The specific focus of uncertainty in the external environment has shifted from the new U.S. administration and political risks in Europe to the international political situation, including a slowdown in China's economic outlook and the UK's EU withdrawal issue. - FY2019-Q3ReframedAnnual report
「In the global economy, the outlook remained uncertain due to the effects of the U.S.-China trade dispute, volatility in the financial and capital markets, and a succession of natural disasters.」
The specific focus of uncertainty in the external environment has shifted from the new U.S. administration and political risks in Europe to U.S.-China trade tensions, volatility in financial and capital markets, and a succession of natural disasters. - FY2019-Q1RestatedAnnual report
「During the three-month period ended June 2018, Japan's economy remained on a moderate recovery trend, supported by improvements in corporate earnings and the employment environment. However, the outlook for economic activity and the economy remained uncertain due to uncertainty surrounding the policies of the new U.S. administration, changes in political conditions in various countries, and economic trends in Asian countries.」
The uncertainty in the external environment, including developments in the policies of the new U.S. administration, changes in countries' political situations, and economic developments in Asian countries, continues to be described. - FY2018ReframedAnnual report
「The outlook remained uncertain, owing to the policies of the new U.S. administration, political risks in Europe, and economic developments in Asian countries.」
The specific focus of uncertainty has shifted from the UK's EU withdrawal issue and the yen's appreciation to the new U.S. administration, political risks in Europe, and economic developments in Asia. - FY2018-Q3RestatedAnnual report
「The outlook for economic and business conditions remained uncertain, reflecting developments in the policies of the new U.S. administration, changes in countries' political situations, and economic developments in Asian countries.」
The uncertainty in the external environment, including developments in the policies of the new U.S. administration and changes in countries' political situations, continues to be described. - FY2018-Q2ReframedAnnual report
「Developments in the policies of the new U.S. administration and changes in the political situations of various countries」
The specific focus of uncertainty in the external environment has shifted from the UK's EU withdrawal issue and the yen's appreciation to developments in the policies of the new U.S. administration and changes in countries' political situations. - FY2018-Q1WorsenedAnnual report
「The food retail industry, in which the Group's core businesses operate, is becoming increasingly challenging amid growing public concern about food safety and security and customers' persistent preference for saving money and low prices. In addition, demographic changes have made securing labor an important issue, and the difficult hiring environment continues.」
In addition to the challenging environment in food retail, securing labor and difficulties in hiring associated with demographic changes are explicitly identified, indicating increasing uncertainty in the external environment. - FY2017-Q3RestatedAnnual report
「Amid concerns over instability in Europe, the United States and elsewhere, against the backdrop of China's economic slowdown and the UK's EU withdrawal issue, the yen appreciated, and the outlook remains uncertain.」
Instability in Europe, the United States and elsewhere stemming from the UK's EU withdrawal issue and other factors, the yen's appreciation, and uncertainty over future developments continue to be described. - FY2017-Q2First statedAnnual report
「The outlook remained uncertain, as the yen appreciated rapidly against the backdrop of China's economic slowdown and the UK's withdrawal from the EU.」
The rapid appreciation of the yen against the backdrop of the UK's EU withdrawal issue and other factors, together with uncertainty over future developments, is described as a new external-environment risk.