Global Economic Uncertainty and Geopolitical Risks
First written in FY2020-Q2. 7 of 10 entries say "Worsened", first in FY2022-Q2. Latest entry: FY2026-H1.
The whole theme swung hardest in 2022: 104 of 134 companies on the "Worse" side.
- FY2026-H1WorsenedAnnual report
「Meanwhile, in addition to the impact of U.S. trade and foreign policy, the outlook remains uncertain due to rising geopolitical risks, worsening Japan-China relations, and fluctuations in foreign exchange rates and interest rates.」
Regarding global economic and geopolitical risks, the company explicitly identified US trade and foreign policy, worsening Japan-China relations, and fluctuations in foreign exchange rates and interest rates as new factors contributing to uncertainty. - FY2025-H1WorsenedAnnual report
「However, concerns remain that future policies of the new U.S. administration and geopolitical risks could slow the global economy, and the outlook remains unstable.」
In addition to existing geopolitical risks, the company identified the future policy direction of the new US administration as a factor contributing to concerns about a slowdown in the global economy. - FY2024WorsenedAnnual report
「However, in addition to the impact of rising prices resulting from yen depreciation and other factors, concerns that the economy may enter a recession have emerged due to geopolitical risks related to Ukraine and the Middle East and political instability worldwide. The outlook therefore remains uncertain.」
In addition to the previously cited situation in Ukraine and other factors, the company explicitly identified the situation in the Middle East and political instability worldwide, indicating concerns about an economic recession. - FY2024-Q2WorsenedAnnual report
「However, in addition to the impact of rising prices and advancing inflation, concerns that the economy may slow due to China's stagnation and heightened tensions overseas have left the outlook uncertain.」
In addition to the previously cited uncertainty related to geopolitical and overseas conditions, the company identified China's stagnating economy and heightened tensions overseas as factors contributing to concerns about an economic slowdown. - FY2023RestatedAnnual report
「However, concerns have arisen over persistently high prices for a wide range of goods due to surging resource and energy prices resulting from the prolonged Russia-Ukraine situation and higher import prices for raw materials amid yen depreciation. The outlook is expected to remain uncertain.」
The company continues to cite uncertainty stemming from the prolonged situation in Ukraine, surging resource and energy prices, yen depreciation and higher import prices for raw materials. - FY2023-Q3RestatedAnnual report
「Meanwhile, the prolonged situation in Ukraine and surging prices have spread across a wide range of areas, and the outlook is expected to remain uncertain.」
The company continues to cite uncertainty in the global economy and domestic consumption stemming from the prolonged situation in Ukraine and surging prices. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter of the current fiscal year, Japan's economy saw domestic consumption remain sluggish due to the continued impact of COVID-19, surging energy prices following Russia's invasion of Ukraine and the historically rapid depreciation of the yen.」
The company stated that Russia's invasion of Ukraine, surging energy prices and the historically rapid depreciation of the yen were affecting domestic consumption in connection with global economic and geopolitical risks. - FY2022-Q3WorsenedAnnual report
「In addition to surging crude oil and natural gas prices and higher prices resulting from yen depreciation, the outlook is expected to remain uncertain due to a combination of factors including supply chain disruptions and geopolitical risks.」
In addition to the previously cited surging crude oil and natural gas prices, supply chain disruptions and geopolitical risks, the company explicitly identified higher prices resulting from yen depreciation as a factor contributing to uncertainty. - FY2022-Q2WorsenedAnnual report
「In addition, the outlook is expected to remain uncertain due to a combination of factors, including surging crude oil and natural gas prices, supply chain disruptions and geopolitical risks.」
In addition to the previously cited uncertainty in the global economy and geopolitical risks, the company identified surging crude oil and natural gas prices and supply chain disruptions as combined factors contributing to uncertainty. - FY2020-Q2First statedAnnual report
「The outlook remains uncertain due to growing uncertainty in the global economy, including the prolonged US-China trade friction, the UK's withdrawal from the EU and the impact of geopolitical risks in the Middle East.」
In its explanation of the economic environment for the quarter, the company explicitly identified US-China trade friction, the UK's withdrawal from the EU and geopolitical risks in the Middle East as factors contributing to uncertainty in the global economy for the first time.