Uncertainty over the outlook stemming from foreign exchange and stock market volatility, the Kumamoto Earthquake, slowing overseas economies, and Brexit
First written in FY2016-Q3. 17 of 33 entries say "Worsened", first in FY2017-Q2. Latest entry: FY2026.
Maeda Kosen moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 140 of 172 companies on the "Worse" side.
68 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Meanwhile, the outlook remains uncertain due to the impact of continued price increases on personal consumption, as well as US trade policy, trends in overseas economies, fluctuations in financial and capital markets, and rising geopolitical risks, including those related to the situation in the Middle East.」
In addition to the existing uncertainty over prices, exchange rates and overseas economies, it explicitly identified US trade policy and geopolitical risks, including the situation in the Middle East. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business risks or material changes to the business risks described in the annual securities report for the previous fiscal year.」
It explained that there had been no material changes during the interim consolidated accounting period, either through the emergence of new risks or in existing business and other risks. - FY2025RestatedAnnual report
「At the same time, uncertainty about the outlook has continued due to the ongoing geopolitical risks, including the prolonged situation in Ukraine, as well as the impact of fluctuations in resource and energy prices, rising domestic prices and developments in US trade policy.」
It continued to indicate uncertainty over the outlook due to the situation in Ukraine, resource and energy prices, rising prices and US trade policy. - FY2025-H1RestatedAnnual report
「At the same time, the outlook for the domestic economy remains uncertain because the global economy continues to face many destabilizing factors, including the prolonged situation in Ukraine, developments in US trade policy, rising prices in various countries and exchange-rate fluctuations.」
It continued to indicate uncertainty surrounding the global economy and domestic economy due to the situation in Ukraine, US trade policy, rising prices and exchange-rate fluctuations. It stated in the risk section that there had been no material changes. - FY2024-Q2WorsenedAnnual report
「Meanwhile, the risk of a global recession has increased against the backdrop of higher raw-material and energy prices due to the prolonged situation in Ukraine, geopolitical risks in the Middle East, the ongoing yen depreciation and rising prices, leaving the domestic economy unstable.」
It explained that although the economic recovery continued as the impact of COVID-19 became limited, geopolitical risks in the Middle East and rising prices had emerged in addition to the existing concerns over higher raw-material and energy prices and yen depreciation, increasing the risk of a global recession. - FY2023-Q4WorsenedAnnual report
「Meanwhile, the risk of a global recession has increased against the backdrop of higher raw-material and energy prices due to the prolonged situation in Ukraine, sharp exchange-rate fluctuations associated with global monetary tightening, and rising prices caused by higher labor and other costs, leaving the domestic economy unstable.」
While documenting the normalization of social and economic activity, it cited raw-material and energy prices, labor costs, prices and exchange-rate fluctuations as new sources of instability, and continued to indicate heightened recession risks. - FY2023-Q2RestatedAnnual report
「During the cumulative third quarter of the fiscal year, normalization of social and economic activity progressed, helped by advances in measures to address COVID-19 and the effects of various policies. At the same time, the risk of a global recession has increased against the backdrop of persistently high prices for raw materials and other goods due to the prolonged situation involving Russia and Ukraine and sharp exchange-rate fluctuations associated with global monetary tightening, leaving the domestic economy unstable.」
While documenting the normalization of social and economic activity, it continued to identify persistently high raw-material prices, global monetary tightening, sharp exchange-rate fluctuations and recession risks as concerns in the external environment. - FY2023-Q1WorsenedAnnual report
「During the cumulative second quarter of the fiscal year, normalization of social and economic activity progressed, helped by advances in measures to address COVID-19 and the effects of various policies. At the same time, the risk of a global recession has increased against the backdrop of higher prices for raw materials and other goods due to the prolonged situation involving Russia and Ukraine, supply constraints in the supply chain, and global monetary tightening, leaving the domestic economy unstable.」
While documenting the normalization of social and economic activity, it newly identified heightened recession risks due to the prolonged situation involving Russia and Ukraine, higher raw-material prices, supply-chain constraints and global monetary tightening. - FY2022-Q4WorsenedAnnual report
「In this context, on the occasion of its 100th anniversary in 2018, the Group adopted “前田工繊 is a company that mixes” as its corporate message.」
While normalization driven by progress in measures to address COVID-19 has advanced, the prolonged situation involving Russia and Ukraine, rapid yen depreciation, higher raw-material prices, and increases in labor and logistics costs due to labor shortages have newly emerged as downward pressures on corporate earnings. - FY2022-Q2WorsenedAnnual report
「Since the end of last year, infections have resurged following the emergence of new variants, and economic activity has stagnated due to supply-chain disruptions. In addition, resource prices have risen further amid the situation involving Russia and Ukraine, and exchange-rate fluctuations have continued, leaving the domestic economy unstable.」
In addition to the resurgence of infections and supply-chain disruptions, it identified further increases in resource prices due to the situation involving Russia and Ukraine and exchange-rate fluctuations as new sources of uncertainty. - FY2022-Q1WorsenedAnnual report
「Meanwhile, the emergence of a new variant, Omicron, has heightened concern about the global spread of infection, raising concerns about a deterioration in consumer sentiment. Economic activity has also stagnated amid higher costs due to rising resource prices and supply-chain disruptions, and the economic recovery continues to stall.」
In addition to the existing concerns about the prolonged pandemic and financial-market volatility, it cited Omicron, rising resource prices and supply-chain disruptions as risk factors for economic recovery. - FY2021WorsenedAnnual report
「Meanwhile, over the next 3 months, business sentiment among automakers and others is expected to deteriorate due to higher raw-material costs and semiconductor shortages. The economic recovery appears to be stalling, and as the level of social and economic activity is raised, it will be necessary to closely monitor downside risks from the spread of infection in Japan and overseas and the impact of fluctuations in financial and capital markets.」
While documenting the recovery in business sentiment due to vaccinations, it identified higher raw-material costs, semiconductor shortages and the expected deterioration in sentiment among automakers as new downside factors. - FY2021-Q3Expectations for progress in vaccinations coexist with downside risksAnnual report
「During the cumulative third quarter of the fiscal year, the Japanese economy remained in a difficult situation due to the prolonged COVID-19 pandemic. However, business sentiment showed signs of recovery amid expectations that progress in vaccinations would lead to a recovery in economic activity. At the same time, it will be necessary to closely monitor the risk that developments in the pandemic and fluctuations in financial and capital markets as social and economic activity is raised could cause domestic and overseas economies to underperform.」
While indicating expectations for a recovery in business sentiment as vaccinations progress, it documented the coexistence of downside risks from developments in the pandemic and fluctuations in financial and capital markets. - FY2021-Q2Economic recovery and downside risks coexistAnnual report
「In the Bank of Japan's March Tankan survey, business sentiment in the manufacturing sector at large, medium-sized and small companies recovered to pre-pandemic levels, and signs of an economic recovery were seen. At the same time, it will be necessary to closely monitor the risk that developments in the pandemic and fluctuations in financial and capital markets as social and economic activity is raised could cause domestic and overseas economies to underperform.」
While documenting the recovery in manufacturing sentiment, it indicated that the risks of a downturn from developments in the pandemic and fluctuations in financial and capital markets remained present. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, the Japanese economy remained severely constrained by the prolonged COVID-19 pandemic, with no end in sight. While signs of an economic recovery have emerged, partly due to the effects of various policies and improvement in overseas economies, it will be necessary to closely monitor the risk that the spread of infection and fluctuations in financial and capital markets could cause domestic and overseas economies to underperform.」
It continued to identify the prolonged COVID-19 pandemic, uncertainty over when it will end, and downside risks arising from the spread of infection and fluctuations in financial and capital markets. - FY2020WorsenedAnnual report
「The social changes brought about by the pandemic are also affecting geopolitical structures, including the movement toward deglobalization, exemplified by US-China trade friction, and the reshoring of production from China to Japan.」
In addition to the significant stagnation of domestic and overseas economic activity and the severe recession caused by COVID-19, it cited the impact of structural changes such as deglobalization and the reshoring of production from China to Japan, indicating that external-environment risks were expanding. - FY2020-Q3WorsenedAnnual report
「Against the backdrop of solid corporate earnings from the beginning of the period, improvements in employment and income conditions and an increase in capital investment were seen, and a gradual recovery trend continued. This has since reversed, however, as the impact of COVID-19 has made a rapid deterioration in corporate earnings apparent and its effects on domestic and overseas economic activity have spread, increasing uncertainty over the economic outlook.」
It explained that COVID-19 had made the rapid deterioration in corporate earnings apparent and that its impact on domestic and overseas economic activity had spread. - FY2020-Q2WorsenedAnnual report
「During the cumulative second quarter of the fiscal year, the Japanese economy remained on a gradual recovery path, with improvements in employment and income conditions and an increase in capital investment against the backdrop of solid corporate earnings from the beginning of the period. Recently, however, the impact of COVID-19 has caused personal consumption and crude oil prices to slump, raising concerns about a rapid deterioration in corporate earnings.」
In addition to the existing risks from overseas economies and market volatility, it newly identified sluggish personal consumption and crude oil prices caused by COVID-19, as well as concerns about deteriorating corporate earnings, indicating greater uncertainty surrounding external-environment risks. - FY2020-Q1WorsenedAnnual report
「Although corporate earnings remained at a high level, exports and production weakened against the backdrop of the prolonged US-China and EU trade friction and the UK's withdrawal from the EU, among other factors, with weakness becoming increasingly pronounced, particularly in the manufacturing sector. Going forward, it will be necessary to closely monitor the impact of trends in overseas economies and fluctuations in financial and capital markets on the domestic economy.」
It cited US-China trade friction, the UK's withdrawal from the EU, weakening exports and production, and increasingly pronounced weakness in manufacturing, explaining that uncertainty surrounding the economic environment had intensified. - FY2019-Q3WorsenedAnnual report
「Meanwhile, amid factors including US-China trade friction, the slowdown in the Chinese economy has become more pronounced. Economic slowdowns are also becoming a concern in emerging Asian economies, while financial markets around the world have remained volatile, further clouding the outlook for the economy.」
It cited the intensifying slowdown in the Chinese economy, the economic slowdown in emerging Asian economies and instability in financial markets around the world, explaining that the economic outlook had become more uncertain. - FY2019-Q2RestatedAnnual report
「Meanwhile, against the backdrop of US-China trade friction and other factors, signs of a slowdown in the Chinese economy have become increasingly clear, while equity and interest-rate markets have also been unstable, increasing uncertainty over the economic outlook.」
The company continues to indicate uncertainty over the economic outlook arising from US-China trade friction, the slowdown in the Chinese economy and instability in equity and interest-rate markets. - FY2019-Q1WorsenedAnnual report
「Meanwhile, against the backdrop of US-China trade friction and other factors, exports to China have recently slowed and the manufacturing sector has deteriorated. Equity and interest-rate markets have also been unstable, increasing uncertainty over the economic outlook.」
In addition to its previous concerns over US-China trade friction and other factors, the company cites slowing exports to China, deterioration in manufacturing and instability in equity and interest-rate markets, explaining that uncertainty has increased. - FY2018-Q3WorsenedAnnual report
「Meanwhile, Japan's GDP for the January-March 2018 quarter turned negative for the first time in 9 quarters. Rising personnel expenses, raw-material prices and transportation costs are weighing on corporate earnings, while there are concerns that higher prices will reduce real income and suppress consumer spending sentiment. Overseas, it is necessary to closely monitor the impact of US-China trade friction, the outlook for emerging-market economies and geopolitical risks on market prices for equities, interest rates and foreign exchange.」
In addition to previous concerns over overseas economies and geopolitical risks, the company cites US-China trade friction, Japan's return to negative growth for the first time in 9 quarters, and rising personnel expenses, raw-material prices and transportation costs, expanding the factors creating uncertainty in the economy and markets. - FY2018-Q2RestatedAnnual report
「Meanwhile, overseas, it is necessary to closely monitor the impact of US policy management, the outlook for emerging-market economies and geopolitical risks on market prices for equities, interest rates and foreign exchange.」
The company continues to remain alert to the impact of US policy, emerging-market economies and geopolitical risks on market prices. - FY2018-Q1RestatedAnnual report
「Although it is necessary to closely monitor the impact of US policy management, the outlook for emerging-market economies and geopolitical risks on market prices for equities, interest rates and foreign exchange overseas, the domestic economy is expected to remain on a gradual recovery trend, supported by various policies.」
The company continues to remain alert to the impact of US policy, emerging-market economies and geopolitical risks on market prices. - FY2017RestatedAnnual report
「Meanwhile, overseas, the growing inward-looking orientation evident in the US and UK is raising concerns over its impact on foreign exchange rates and equity markets. Geopolitical risks have also begun to emerge in some countries and regions, increasing uncertainty as a factor behind the global economic slowdown.」
The company reaffirms uncertainty in the global economy arising from the inward-looking orientation of the US and UK, foreign exchange and equity markets, and geopolitical risks. - FY2017-Q3RestatedAnnual report
「Meanwhile, overseas, the growing inward-looking orientation evident in the US and UK is raising concerns over its impact on foreign exchange rates and equity markets. Geopolitical risks have also begun to emerge in some countries and regions, increasing uncertainty as a factor behind the global economic slowdown.」
The company continues to indicate uncertainty in the global economy arising from the inward-looking orientation of the US and UK, foreign exchange and equity markets, and geopolitical risks. - FY2017-Q2WorsenedAnnual report
「Meanwhile, overseas, the growing inward-looking orientation evident in the US and UK is raising concerns over its impact on foreign exchange rates and equity markets. Geopolitical risks have also begun to emerge in some countries and regions, increasing uncertainty as a factor behind the global economic slowdown.」
In addition to its previous concerns over foreign exchange and equity markets and the situation in the UK, the company cites the growing inward-looking orientation of the US and UK and the emergence of geopolitical risks, explaining that uncertainty has increased. - FY2017-Q1RestatedAnnual report
「Meanwhile, fluctuations in foreign exchange rates and equity markets pose downside risks to the economy, while overseas conditions remain unpredictable due to the economic policies of the next US administration, the UK's withdrawal from the EU and political developments in European countries.」
The company continues to indicate uncertainty over the outlook arising from fluctuations in foreign exchange and equity markets, the policies of the next US administration, the UK's withdrawal from the EU and political developments in Europe. - FY2016RestatedAnnual report
「In addition to fluctuations in foreign exchange rates and equity markets posing downside risks to the economy, uncertainty continues overseas over the slowdown in emerging-market economies and the impact of the UK's withdrawal from the EU on the European economy, raising concerns over the sustainability of the economic recovery.」
The company reiterates uncertainty over the outlook, including foreign exchange and equity markets, the overseas economic slowdown and the UK's withdrawal from the EU. - FY2016-Q3First statedAnnual report
「In addition to fluctuations in foreign exchange rates and equity markets posing downside risks to the economy, attention must be paid to the economic impact of the 2016 Kumamoto Earthquake. Overseas, concerns include the slowdown in emerging-market economies and the impact of the UK's withdrawal from the EU, and uncertainty over the outlook continues.」
The company cites multiple domestic and overseas economic and market factors as downside factors or concerns.