Uncertainty Surrounding Overseas and Domestic Economic Conditions
First written in FY2017-Q1. 13 of 30 entries say "Restated". Latest entry: 2026-05-15.
The whole theme swung hardest in 2022: 132 of 174 companies on the "Worse" side.
- 2026-05-15WorsenedResults
「しかしながら、直近の世界情勢による影響は当社グループにもおよんでおり、米国とイランの紛争による原材料価格高騰や原油のサプライチェーンの寸断などの影響が発生することにより、当社の製品製造に影響を及ぼすことが見込まれております。」
従来の部品納期長期化・資源高等に加え、米国とイランの紛争による原材料価格高騰や原油のサプライチェーン寸断の影響可能性が示された。 - FY2026-H1RestatedAnnual report
「During the current interim consolidated accounting period, although the impact of the semiconductor shortage was gradually easing, the Group was affected by longer component delivery times and higher resource prices, while tensions surrounding Ukraine and the Middle East remained prolonged and the outlook continued to be uncertain.」
While the impact of the semiconductor shortage was gradually easing, uncertainty over the outlook due to longer component delivery times, higher resource prices, and prolonged tensions surrounding Ukraine and the Middle East persisted. - FY2025Additional risk from US tariff policyAnnual report
「Changes in market conditions resulting from expected tariff changes under the new US administration and retaliatory measures by other countries against other US policies may affect the manufacture of our products.」
In addition to the existing overseas economic and geopolitical risks, the potential impact of tariff changes under the new US administration and retaliatory measures by other countries on market conditions and product manufacturing was added. - FY2025-H1Additional tensions in the Middle East and reconsideration of EV investmentAnnual report
「During the current interim consolidated accounting period, although the impact of the semiconductor shortage was gradually easing, the Group was affected by longer component delivery times and higher resource prices, while tensions surrounding Ukraine and the Middle East remained prolonged and the outlook continued to be uncertain. Although the Japanese economy was affected by longer component delivery times and higher resource prices, it showed signs of a gradual recovery, and companies were reconsidering capital investment, particularly in electric vehicles.」
While the impact of the semiconductor shortage was gradually easing, longer component delivery times, higher resource prices, and prolonged tensions surrounding Ukraine and the Middle East persisted. In Japan, a recovery trend in the economy and reconsideration of capital investment, particularly in electric vehicles, were noted. - FY2024Domestic economic recovery and reconsideration of capital investment amid continued supply constraintsAnnual report
「Although the impact of the semiconductor shortage was gradually easing, the Group was affected by longer component delivery times and higher resource prices, while tensions surrounding Ukraine remained prolonged and the outlook continued to be uncertain. Although the Japanese economy was affected by longer component delivery times and higher resource prices, economic activity showed signs of recovery as restrictions on activities were eased following the reclassification of COVID-19 as a Category 5 disease under the Infectious Diseases Control Law, and companies were reconsidering their capital investment.」
While the impact of the semiconductor shortage was gradually easing, uncertainty continued due to longer component delivery times, higher resource prices, and the prolonged situation in Ukraine. In Japan, economic recovery and the reconsideration of capital investment were noted against a backdrop of eased restrictions on activities. - FY2024-Q3Continued reconsideration of domestic capital investmentAnnual report
「Although the Japanese economy was affected by longer component delivery times and higher resource prices, economic activity showed signs of a gradual recovery as restrictions on activities were eased following the reclassification of COVID-19 as a Category 5 disease under the Infectious Diseases Control Law, and companies were reconsidering their capital investment.」
While longer component delivery times and higher resource prices continued, the economy showed signs of recovery as restrictions on activities were eased, and companies were reconsidering capital investment. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, although the impact of the semiconductor shortage was gradually easing, the Group was affected by longer component delivery times and higher resource prices. Tensions surrounding Ukraine remained prolonged, and the outlook continued to be uncertain.」
While the impact of the semiconductor shortage was said to be easing, uncertainty continued due to longer component delivery times, higher resource prices, and the prolonged situation in Ukraine. - FY2024-Q1Easing semiconductor shortages and continued component delivery delays and resource price increasesAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, although the impact of the semiconductor shortage was gradually easing, the Group was affected by longer component delivery times and higher resource prices. Tensions surrounding Ukraine remained prolonged, and the outlook continued to be uncertain.」
While the impact of the semiconductor shortage was said to be easing, uncertainty continued due to longer component delivery times, higher resource prices, and the prolonged situation in Ukraine. - FY2023-Q3Prolonged Situation in UkraineAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, concerns over the outlook became extremely pronounced as tensions surrounding Ukraine remained prolonged amid the increasingly evident effects of a global semiconductor shortage and higher crude oil prices. Although the spread of COVID-19 showed signs of easing, concerns over a resurgence remained, and the outlook continued to be uncertain.」
While concerns related to the semiconductor shortage, higher crude oil prices, and the situation in Ukraine persisted, the situation in Ukraine was described as involving prolonged tensions, and both the easing trend in COVID-19 and concerns over a resurgence were noted. - FY2023-Q2Signs of easing pandemic-related effects and concerns over a resurgenceAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the outlook became extremely uncertain as tensions surrounding Ukraine intensified amid the increasingly evident effects of a global semiconductor shortage and higher crude oil prices. Although the spread of COVID-19 showed signs of easing, concerns over a resurgence remained, and the outlook continued to be uncertain.」
While uncertainty due to the semiconductor shortage, higher crude oil prices, and the situation in Ukraine persisted, COVID-19 showed signs of easing, although concerns over a resurgence remained. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the outlook became extremely uncertain as tensions surrounding Ukraine intensified amid the increasingly evident effects of a global semiconductor shortage and higher crude oil prices. In addition, there was no prospect that the spread of COVID-19 would subside, and the outlook remained uncertain.」
In addition to the existing pandemic, US-China trade dispute, and geopolitical risks, the effects of the semiconductor shortage and higher crude oil prices became evident, while the intensification of tensions surrounding Ukraine further increased uncertainty over the outlook. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the business environment surrounding our Group remained uncertain, partly due to the global spread of COVID-19, which had continued from the previous consolidated fiscal year, and uncertainty in the global economy, including the prolonged US-China trade dispute and heightened geopolitical risks in the Middle East and on the Korean Peninsula.」
Uncertainty over the outlook for the global economy due to COVID-19, the US-China trade dispute, and geopolitical risks persisted. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the business environment surrounding our Group remained uncertain, partly due to the global spread of COVID-19, which had continued from the previous consolidated fiscal year, and uncertainty in the global economy, including the prolonged US-China trade dispute and heightened geopolitical risks in the Middle East and on the Korean Peninsula.」
Uncertainty over the outlook for the global economy due to COVID-19, the US-China trade dispute, and geopolitical risks persisted. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, economic activity stagnated as the global spread of COVID-19 led countries to implement measures such as lockdowns and requests for people to refrain from travel. The business environment surrounding our Group has remained uncertain, partly due to the impact of uncertainty in the global economy, including the prolonged US-China trade dispute, concerns over a slowdown in the Chinese economy, and heightened geopolitical risks in the Middle East and on the Korean Peninsula. In Japan, private consumption, production, and exports declined due to the spread of COVID-19, while corporate capital investment remained weak.」
Uncertainty in the global economy due to the pandemic, the trade dispute, concerns over a slowdown in the Chinese economy, and geopolitical risks persisted, while domestic consumption, production, exports, and capital investment remained weak. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, economic activity stagnated as the global spread of COVID-19 led countries to implement measures such as lockdowns and requests for people to refrain from travel. The business environment surrounding our Group has remained uncertain, partly due to the impact of uncertainty in the global economy, including the prolonged US-China trade dispute, concerns over a slowdown in the Chinese economy, and heightened geopolitical risks in the Middle East and on the Korean Peninsula. In Japan, private consumption, production, and exports declined due to the spread of COVID-19, while corporate capital investment remained weak.」
In addition to the existing trade dispute, concerns over a slowdown in the Chinese economy, and geopolitical risks, the stagnation of economic activity caused by the pandemic, declines in domestic consumption, production, and exports, and weakness in capital investment were explicitly identified. - FY2020WorsenedAnnual report
「From January 2020, the outlook for the economy became uncertain as global economic activity stagnated due to the spread of COVID-19.」
In addition to the existing US-China trade dispute, concerns over a slowdown in the Chinese economy, and geopolitical risks, the stagnation of global economic activity caused by the spread of COVID-19 was identified as an actual change in the business environment. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the business environment surrounding our Group has remained uncertain, partly due to the impact of uncertainty in the global economy, including the prolonged US-China trade dispute, concerns over a slowdown in the Chinese economy, and heightened geopolitical risks in the Middle East and on the Korean Peninsula. Meanwhile, the domestic economy has continued to show improvement in employment and income conditions, as well as a gradual recovery in private consumption and capital investment.」
While uncertainty in the global economy persisted, the domestic economy continued to show gradual recovery in employment and income, private consumption, and capital investment. - FY2020-Q2Added a description of the recovery trend in the domestic economyAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the business environment surrounding our Group has remained uncertain, partly due to the impact of uncertainty in the global economy, including the prolonged US-China trade dispute, concerns over a slowdown in the Chinese economy, and heightened geopolitical risks in the Middle East and on the Korean Peninsula. Meanwhile, the domestic economy has continued to show gradual improvement in employment and income conditions, as well as a gradual recovery in private consumption and capital investment.」
The global economy remained uncertain due to the US-China trade dispute, concerns over a slowdown in the Chinese economy, and geopolitical risks, while the domestic economy continued to show gradual recovery in employment and income, private consumption, and capital investment. - FY2020-Q1RestatedAnnual report
「During the three months ended the first quarter, the business environment surrounding our group remained uncertain due in part to the impact of global economic uncertainty, including prolonged US-China trade friction, concerns over a slowdown in the Chinese economy, and heightened geopolitical risks in the Middle East and on the Korean Peninsula.」
Uncertainty over the outlook for the global economy due to prolonged US-China trade friction, concerns over a slowdown in the Chinese economy, and geopolitical risks continued. - FY2019WorsenedAnnual report
「During the consolidated fiscal year, the business environment surrounding our group deteriorated as the global economy showed increasingly clear signs of slowing amid uncertainty stemming from US-China trade friction and the UK's EU withdrawal, raising concerns over an economic downturn.」
In addition to the previous uncertainty over the outlook, the company explicitly identified signs of a slowdown in the global economy and concerns over an economic downturn. - FY2019-Q3RestatedAnnual report
「Although US economic indicators and other data remained strong, many concerns remained, including trade friction between the United States and China, leaving the outlook for the overseas economy uncertain.」
Although the strength of the US economy was evident, the outlook for the overseas economy remained uncertain due to factors including trade friction between the United States and China. - FY2019-Q2RestatedAnnual report
「Although US economic indicators and other data remained strong, many concerns remained, including trade friction between the United States and China, leaving the outlook for the overseas economy uncertain.」
Although the strength of the US economy was evident, the outlook for the overseas economy remained uncertain due to concerns including trade friction between the United States and China. - FY2019-Q1Added risk of trade frictionAnnual report
「Although the overseas economy showed signs of a moderate recovery, many concerns remained, including trade friction resulting from US trade policy and geopolitical risks in the Middle East and on the Korean Peninsula, leaving the outlook uncertain.」
Although the economy showed signs of a moderate recovery, trade friction resulting from US trade policy and other factors was explicitly identified as an additional concern alongside existing geopolitical risks. - FY2018-Q3RestatedAnnual report
「During the nine months ended the third quarter, the business environment surrounding our group was on a moderate recovery trend, as corporate performance, capital investment, and income and employment conditions continued to improve, but the outlook remained uncertain due in part to heightened geopolitical risks.」
A moderate recovery trend driven by improvements in corporate performance, capital investment, and income and employment conditions coexisted with uncertainty over the outlook due to geopolitical risks. - FY2018-Q2RestatedAnnual report
「During the six months ended the second quarter, the business environment surrounding our group was on a moderate recovery trend, supported by improvements in corporate earnings and employment and income conditions, but the outlook remained uncertain due in part to heightened geopolitical risks.」
A moderate economic recovery trend driven by improvements in corporate earnings and employment and income conditions coexisted with uncertainty over the outlook due to geopolitical risks. - FY2018-Q1Economic recovery alongside geopolitical and political uncertaintyAnnual report
「During the three months ended the first quarter, the business environment surrounding our group was on a moderate recovery trend, supported by improvements in corporate earnings and employment and income conditions, but the outlook remained uncertain due to instability in the Middle East and on the Korean Peninsula and concerns over political developments in Europe and the United States.」
The economy was on a recovery trend due to improvements in corporate earnings and employment and income conditions, while uncertainty over the outlook continued because of concerns about the situations in the Middle East and on the Korean Peninsula and political developments in Europe and the United States. - FY2017RestatedAnnual report
「During the consolidated fiscal year, the business environment surrounding our group remained uncertain, despite continued recovery in corporate earnings and improvement in employment and income conditions, due in part to concerns over slowing economies in China and other emerging markets and heightened caution regarding political risks in Europe and the United States.」
Uncertainty surrounding overseas economies, including concerns over slowing growth in China and emerging economies and political risks in Europe and the United States, continued throughout the fiscal year. - FY2017-Q3Reversal in exchange-rate direction and added policy uncertaintyAnnual report
「The US economy remained firm, but the economies of emerging countries, including China, were trending downward, leaving the outlook for overseas economic conditions uncertain. In addition, in the domestic economy, financial markets were in turmoil as the yen’s sharp appreciation associated with the UK’s EU withdrawal issue gave way to sharp yen depreciation following the US presidential election, while the outlook for domestic economic conditions remained uncertain due to the impact of uncertainty surrounding future US economic and monetary policy.」
In addition to the slowdown in emerging economies and uncertainty surrounding overseas economic conditions, the yen reversed from appreciation to depreciation, and uncertainty surrounding future US economic and monetary policy was explicitly identified. - FY2017-Q2RestatedAnnual report
「The US economy remained firm, but the economies of emerging countries, including China, were trending downward, leaving the outlook for overseas economic conditions uncertain. In addition, in the domestic economy, the yen appreciated sharply as a result of exchange-rate movements stemming from the UK’s EU withdrawal issue, and the outlook for domestic economic conditions remained uncertain.」
The assessment of the external environment remained unchanged from the previous quarter, citing the strength of the US economy, the slowdown in emerging economies, uncertainty surrounding overseas economic conditions, and yen appreciation associated with the UK’s EU withdrawal issue. - FY2017-Q1First statedAnnual report
「The US economy remained firm, but the economies of emerging countries, including China, were trending downward, leaving the outlook for overseas economic conditions uncertain. In addition, in the domestic economy, the yen appreciated sharply as a result of exchange-rate movements stemming from the UK’s EU withdrawal issue, and the outlook for domestic economic conditions remained uncertain.」
The company cited the strength of the US economy, the slowdown in emerging economies, uncertainty surrounding overseas economic conditions, and yen appreciation associated with the UK’s EU withdrawal issue as external-environment concerns.