Risks from economic weakness in emerging Asia, the UK's exit from the EU and financial-market instability
First written in FY2017-Q1. 19 of 30 entries say "Worsened", first in FY2018-Q2. Latest entry: FY2026.
T.Kawabe & moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2020: 141 of 177 companies on the "Worse" side.
56 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「We believe that the business environment surrounding companies will change significantly going forward. We believe that geopolitical risks, conflicts in various regions including the situation in the Middle East, foreign exchange fluctuations, global inflation and labor shortages will have a significant impact.」
In addition to the existing geopolitical risks, foreign exchange fluctuations and high resource prices, conflicts including the situation in the Middle East, global inflation and labor shortages were identified as challenges in the future business environment. - FY2026-H1WorsenedAnnual report
「Conditions remained uncertain, with concerns about the outlook due to the unstable international situation, persistently high raw-material prices and rising interest rates associated with the Bank of Japan's normalization of monetary policy.」
In addition to the existing geopolitical, foreign exchange and resource-price risks, growing instability in international affairs, persistently high raw-material prices and rising interest rates were identified as factors contributing to the uncertain outlook. - FY2025-H1RestatedAnnual report
「Meanwhile, concerns about adverse effects on the economy continued because of geopolitical risks, along with sharp exchange-rate fluctuations and rising resource prices.」
Concerns about adverse effects on the economy from geopolitical risks, sharp exchange-rate fluctuations and higher resource prices continued. - FY2024WorsenedAnnual report
「Concerns about adverse effects on the economy continued amid geopolitical risks from escalating conflicts around the world, as well as sharp exchange-rate fluctuations and rising resource prices.」
In addition to the existing risks relating to the situation in Ukraine and other issues, escalating conflicts around the world, sharp exchange-rate fluctuations and higher resource prices were cited as factors adversely affecting the economy. - FY2024-Q3RestatedAnnual report
「At the same time, concerns about adverse effects on the economy continued amid uncertainty caused by the prolonged situation in Ukraine, as well as sharp exchange-rate fluctuations and rising resource prices.」
Continued concerns about adverse effects on the economy from the situation in Ukraine, sharp exchange-rate fluctuations and higher resource prices were noted. - FY2024-Q1RestatedAnnual report
「Meanwhile, concerns about adverse effects on the economy continued because of the prolonged situation in Ukraine, sharp exchange-rate fluctuations and rising resource prices.」
Concerns about adverse effects on the economy from the situation in Ukraine, sharp exchange-rate fluctuations and higher resource prices have continued from the previous filing. - FY2023WorsenedAnnual report
「Meanwhile, concerns about adverse effects on the economy continued because of the prolonged situation in Ukraine, sharp exchange-rate fluctuations and rising resource prices.」
In addition to the prolonged situation in Ukraine, sharp exchange-rate fluctuations and higher resource prices continued and became more specific factors clouding the economic outlook. - FY2023-Q3RestatedAnnual report
「During the nine months ended December 31, 2022 (1 April 2022 to 31 December 2022), concerns about adverse effects on the domestic economy continued because of the prolonged situation in Ukraine, along with sharp exchange-rate fluctuations and the continuing depreciation of the yen.」
Continued concerns about the prolonged situation in Ukraine, sharp exchange-rate fluctuations and adverse effects on the economy from yen depreciation were noted. - FY2023-Q2WorsenedAnnual report
「Concerns about adverse effects on the economy continued amid higher resource prices and logistics disruptions resulting from the prolonged situation in Ukraine, as well as sharp exchange-rate fluctuations and further yen depreciation.」
In addition to higher resource prices and logistics disruptions associated with the situation in Ukraine, sharp exchange-rate fluctuations and further yen depreciation were explicitly identified as factors of concern for the economy. - FY2023-Q1WorsenedAnnual report
「Concerns remain about adverse effects on the economy from further increases in resource prices, logistics disruptions and the yen's depreciation, triggered by Russia's invasion of Ukraine.」
Russia's invasion of Ukraine, higher resource prices, logistics disruptions and the yen's depreciation were newly identified as factors clouding the outlook for overseas conditions and the economy. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It was noted that there had been no significant changes to the principal risks, including overseas economic conditions and trade issues. - FY2021WorsenedAnnual report
「The apparel and accessories market, including the Group, remains in a similarly challenging environment, and the extremely difficult conditions and uncertainty about the outlook continue.」
Uncertainty about the outlook for the business environment in Japan and overseas continued due to the renewed spread of COVID-19 and the reissuance of a state of emergency. - FY2021-Q3WorsenedAnnual report
「The worst appeared to have passed after the 1st state of emergency was lifted, but further effects remained a concern as corporate earnings were expected to remain on a downward trend amid uncertainty about the outlook for the global economy, as well as Japan's economy.」
Even after the state of emergency was lifted, uncertainty about the outlook for the global economy continued, and concerns remained that corporate earnings could remain on a downward trend and face further effects. - FY2021-Q2WorsenedAnnual report
「Although the worst situation appears to have passed following the lifting of the state of emergency, concerns about further negative effects on corporate performance remain because of uncertainty about the outlook for the economies of Japan and the rest of the world.」
It was noted that uncertainty about the outlook for the global economy continued even after the state of emergency was lifted, and that further negative effects on corporate earnings were a concern. - FY2021-Q1WorsenedAnnual report
「Even after the lifting of the state of emergency, there was no clear prospect of containing the spread of infections, and concerns about a second and third wave were widespread. The outlook for the Japanese and global economies remains uncertain, raising further concerns about a negative impact on future corporate performance.」
With no clear prospect for containing the spread of COVID-19, concerns about a 2nd and 3rd wave and additional negative effects on corporate earnings were noted. - FY2020WorsenedAnnual report
「The economic recovery slowed due to the impact of natural disasters and the prolonged decline in demand following the consumption tax increase, and conditions remained uncertain.」
In addition to the existing risks from overseas economies and trade issues, natural disasters, the prolonged decline in demand following the consumption tax increase and the spread of COVID-19 were added as factors clouding the economic outlook. - FY2020-Q3WorsenedAnnual report
「During the consolidated fiscal year, the domestic economy remained on a gradual recovery trend against a backdrop of improving corporate earnings and employment conditions, but the outlook remained uncertain due to the impact of a major typhoon and the反動 decline in front-loaded demand following the consumption tax increase.」
The impact of a major typhoon and the反動 decline in front-loaded demand following the consumption tax increase were explicitly identified as factors clouding the outlook for the domestic economy. - FY2020-Q2WorsenedAnnual report
「Overseas economies remained uncertain due to factors including prolonged US-China trade friction and a slowdown in the Chinese economy.」
In addition to the prolonged US-China trade friction, a slowdown in the Chinese economy was explicitly identified as a factor contributing to uncertainty in overseas economies. - FY2020-Q1WorsenedAnnual report
「During the consolidated fiscal year, our Group began the 3rd year, the final year of the medium-term management plan, “T.KAWABE & CO.,LTD. New Medium-Term Management Plan 2017.”」
In addition to the prolonged US-China trade friction, stagnation in the Chinese economy was explicitly identified as a factor clouding the outlook for overseas economies. - FY2019WorsenedAnnual report
「During the fiscal year, Japan's economy remained on a moderate recovery trend, supported by improving corporate earnings and employment conditions. Meanwhile, the outlook remains uncertain because of uncertainty in overseas economies resulting from factors including the prolonged trade friction caused by US trade policy.」
The prolonged trade friction caused by US trade policy was explicitly identified as a factor contributing to uncertainty in overseas economies. The risk itself had not been resolved, and conditions remained uncertain. - FY2019-Q3WorsenedAnnual report
「During the nine months ended December 31, Japan's economy remained on a moderate recovery trend, supported by improving corporate earnings and employment conditions. However, uncertainty in overseas economies resulting from factors including US-China trade friction means that the outlook remains uncertain.」
Prolonged US-China trade friction was explicitly identified as a new specific factor contributing to uncertainty in overseas economies. - FY2019-Q2WorsenedAnnual report
「During the six months ended September 30, Japan's economy remained on a moderate recovery trend, supported by improving corporate earnings and employment conditions. However, the outlook remains uncertain because of concerns affecting the economy, including a succession of natural disasters and trade friction resulting from US trade policy.」
In addition to the existing uncertainty stemming from overseas economies and trade issues, successive natural disasters and trade friction caused by US trade policy were explicitly identified as concerns. - FY2019-Q1WorsenedAnnual report
「The outlook for the economy remained uncertain due to concerns including developments in trade issues and economic uncertainty overseas.」
Developments in trade issues and economic uncertainty were explicitly identified as factors clouding the outlook for overseas economies. - FY2018ReframedAnnual report
「The business environment surrounding the Group remains challenging in Japan, where consumer sentiment continues to weaken as consumers become more focused on protecting their household finances, while overseas economies also remain on an uncertain path toward a slowdown.」
The wording was consolidated from individual factors such as China, the UK's exit from the EU and financial markets into a description of an uncertain business environment, including an overseas economic slowdown. - FY2018-Q3RestatedAnnual report
「Meanwhile, the outlook remains uncertain because of instability in global politics and the economy, including US policy developments and growing geopolitical risks surrounding North Korea.」
Instability in global political and economic conditions, including developments in US policy and geopolitical risks surrounding North Korea, continues to be cited as a factor clouding the outlook. - FY2018-Q2WorsenedAnnual report
「Meanwhile, the outlook remains uncertain because of instability in global politics and the economy, including US policy developments and growing geopolitical risks surrounding North Korea.」
In addition to the existing risks from economic conditions in emerging Asia, the UK's exit from the EU and financial-market instability, developments in US policy and heightened geopolitical risks surrounding North Korea were cited as factors clouding the outlook. - FY2018-Q1RestatedAnnual report
「There were no newly identified business or other risks during the first quarter of the fiscal year. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It was stated that there had been no significant changes to the existing risks, including economic conditions in emerging Asia, the UK's exit from the EU and financial-market instability. - FY2017-Q3RestatedAnnual report
「Although there were positive signs, including improvements in capital investment and employment conditions and a recovery in share prices following the US presidential election in November, the economic outlook remained uncertain due to the impact of economic weakness in emerging Asia, including China, the UK's exit from the EU and unstable financial-market movements.」
While citing positive signs such as improvements in capital investment and employment conditions and a recovery in share prices, it continued to point to uncertainty about the outlook due to economic conditions in emerging Asia, the UK's exit from the EU and financial-market instability. - FY2017-Q2RestatedAnnual report
「The outlook for the economy remains uncertain, partly because of the economic slowdown in emerging Asian countries, including China, the UK's withdrawal from the EU, and instability in financial markets.」
Economic conditions in emerging Asia, the UK's exit from the EU and financial-market instability continue to be cited as factors clouding the economic outlook. - FY2017-Q1First statedAnnual report
「The outlook for the economy remains uncertain, partly because of the economic slowdown in emerging Asian countries, including China, the UK's withdrawal from the EU, and instability in financial markets.」
Economic weakness in emerging Asia, the UK's exit from the EU and unstable financial-market movements were newly identified as factors clouding the outlook for the economy.