Volatility in Overseas Economic Conditions and Uncertainty Over the Economic Outlook
First written in FY2017-Q2. 13 of 30 entries say "Restated". Latest entry: FY2026.
Anabuki Kosan moved to the "Worse" side of this theme in 2021, 1 year after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 24 of 31 companies on the "Worse" side.
18 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Meanwhile, views on the outlook for personal consumption remained cautious as uncertainty surrounding US trade policy, the situation in the Middle East and volatility in financial and capital markets persisted, along with concerns over rising interest rates against a backdrop of the Bank of Japan's monetary policy operations. The burden on households from rising prices also remained substantial.」
US trade policy, the situation in the Middle East, volatility in financial and capital markets, concerns over rising interest rates and the burden on households from rising prices continued to be specifically cited as factors contributing to uncertainty. - 2026-05-15RestatedEarnings
「Meanwhile, amid continued uncertainty surrounding U.S. trade policy, the impact of the situation in the Middle East and volatility in financial and capital markets, expectations for higher interest rates continued as the Bank of Japan normalized monetary policy. Household burdens from rising prices also remained heavy, leaving a cautious outlook for the future of personal consumption.」
U.S. trade policy, the situation in the Middle East, expectations for higher interest rates and the burden on households from rising prices continued to be cited as sources of uncertainty. - FY2026-H1WorsenedAnnual report
「Meanwhile, uncertainty over trade policy accompanying the further hardening of US foreign trade policy, increasing upward pressure on interest rates accompanying the Bank of Japan's gradual policy rate hikes, the increased burden on households caused by higher import prices accompanying yen depreciation, and fluctuations in agricultural product prices due to seasonal weather changes continue to cloud the outlook for personal consumption.」
In addition to the uncertainty caused by international conditions and tariff policies, upward pressure on interest rates resulting from policy rate hikes, the burden on households caused by higher import prices and fluctuations in agricultural product prices were identified. - FY2025WorsenedAnnual report
「Meanwhile, the burden on households increased due to surging resource and energy prices and rising prices against a backdrop of prolonged unstable international conditions, and personal consumption showed signs of stalling. The outlook remains uncertain due to factors including increasing political instability and the impact of the US administration's tariff policies.」
In addition to the previously cited international conditions, resource prices and rising prices, stalled personal consumption, increasing political instability and the US administration's tariff policies were identified as factors contributing to uncertainty. - FY2025-H1WorsenedAnnual report
「The burden on households has increased due to surging resource and energy prices and rising prices against a backdrop of prolonged unstable international conditions. Personal consumption has recently shown signs of stalling, and the outlook remains uncertain due to factors including increasing political instability and uncertainty surrounding the US economy.」
In addition to surging resource and energy prices and rising prices, stalled personal consumption, increasing political instability and uncertainty surrounding the US economy were identified as factors contributing to uncertainty over the outlook. - FY2024-Q3RestatedAnnual report
「However, the outlook remains uncertain due to surging resource and energy prices and rising prices against a backdrop of unstable international conditions, including the prolonged situation in Ukraine and continuing tensions in the Middle East, as well as concerns over an economic downturn resulting from global monetary tightening.」
The situation in Ukraine and the Middle East, resource and energy prices, rising prices and concerns over an economic downturn caused by global monetary tightening continued to be cited as factors contributing to uncertainty over the outlook. - FY2024-Q2WorsenedAnnual report
「During the six months ended 30 September, the impact of COVID-19 subsided, and the normalization of socioeconomic activity supported a gradual economic recovery, including a recovery in personal consumption and improvement in corporate earnings. However, the outlook remains uncertain due to surging resource and energy prices and rising prices against a backdrop of unstable international conditions, including the prolonged situation in Ukraine and continuing tensions in the Middle East, as well as concerns over an economic downturn resulting from global monetary tightening.」
While the subsiding impact of COVID-19 and the economic recovery were evident, concerns over an economic downturn resulting from heightened tensions in the Middle East and global monetary tightening were identified in addition to the previously cited situation in Ukraine and resource prices. - FY2024-Q1Uncertainty caused by international conditions and resource prices persisted even after the infections subsidedAnnual report
「During the three months ended 30 June, the impact of COVID-19 subsided, and the normalization of socioeconomic activity led to signs of a gradual economic recovery. However, the outlook remains uncertain due to the prolonged situation in Ukraine, surging resource and energy prices, rising prices and concerns over an economic downturn against a backdrop of global monetary tightening.」
While the subsiding impact of COVID-19 and normalization of socioeconomic activity were evident, uncertainty continued due to the situation in Ukraine, resource and energy prices, rising prices and global monetary tightening. - FY2023-Q3A recovery trend coexisted with uncertainty caused by yen depreciation and surging resource pricesAnnual report
「During the nine months ended 31 December, socioeconomic activity moved toward normalization due to the easing of restrictions on activities related to COVID-19, and the economy showed signs of a gradual recovery. However, the outlook remains uncertain due to rising prices, including those resulting from the depreciation of the yen and surging global resource and energy prices.」
While the easing of restrictions on activities pointed to the normalization of socioeconomic activity and a gradual economic recovery, uncertainty also continued due to yen depreciation and surging resource and energy prices. - FY2023-Q1Signs of recovery coexisted with uncertainty caused by yen depreciation and international conditionsAnnual report
「During the three months ended 30 June, as the impact of COVID-19 continued for an extended period, socioeconomic activity moved toward normalization due to the spread of vaccinations and the easing of restrictions on activities, and signs of an economic recovery emerged. However, the outlook remains uncertain due to the sharp depreciation of the yen and surging resource prices accompanying the prolonged tensions surrounding Ukraine.」
While the normalization of socioeconomic activity and signs of an economic recovery were evident, uncertainty over the outlook continued due to the sharp depreciation of the yen, the situation in Ukraine and surging resource prices. - FY2022-Q3WorsenedAnnual report
「During the nine months ended 31 December, the Japanese economy had shown signs of a gradual recovery from the stalled recovery caused by COVID-19. However, infections caused by a new variant began to spread again from the start of the year, and priority preventive measures were introduced. In addition, the increasingly tense situation in Ukraine, yen depreciation and surging resource prices have left the outlook uncertain.」
In addition to the renewed spread of infections caused by a new variant, the situation in Ukraine, yen depreciation and surging resource prices were newly identified, broadening the factors contributing to uncertainty over the outlook. - FY2022-Q2Signs of recovery coexisted with the renewed spread of infections caused by a new variantAnnual report
「During the six months ended 30 September, the Japanese economy had been in a stalled recovery due to the impact of COVID-19. However, following the lifting of the state of emergency and other measures at the end of September 2021, against a backdrop of declining infection numbers due to the progress of vaccinations and other factors, signs of a gradual recovery had emerged. Nevertheless, infections caused by a new variant have begun to spread again, and the outlook remains uncertain.」
While the progress of vaccinations and the lifting of the state of emergency and other measures pointed to signs of recovery, uncertainty over the outlook continued due to the renewed spread of infections caused by a new variant. - FY2022-Q1Signs of recovery coexisted with concerns over a sixth wave of infectionsAnnual report
「The vaccination rate has been rising, and the state of emergency and priority preventive measures have been lifted, with signs of a recovery in socioeconomic activity. However, the outlook remains uncertain, including due to concerns over a sixth wave of infections.」
While rising vaccination rates and the lifting of various measures pointed to signs of recovery, uncertainty over the outlook continued due to concerns over a sixth wave of infections. - FY2021-Q3WorsenedAnnual report
「During the nine months ended 31 December, the Japanese economy saw its recovery stall due to the resurgence of COVID-19 infections. The reissuance of the state of emergency restricted economic activity and dampened consumer sentiment. As the containment of infections is expected to take some time, the economic outlook remains uncertain.」
The renewed spread of infections and reissuance of the state of emergency were cited as factors behind the stalled economic recovery, restrictions on economic activity and weaker consumer sentiment, and uncertainty over the outlook continued. - FY2021-Q2WorsenedAnnual report
「However, infections are spreading again, and the economic outlook remains uncertain.」
Following the signs of recovery noted in the previous quarter, renewed infections continued to cloud the economic outlook. - FY2021-Q1Signs of recovery after a rapid deteriorationAnnual report
「During the cumulative first-quarter consolidated period, Japan’s economy was deteriorating rapidly due to the global spread of COVID-19 from the beginning of the year, but following the lifting of the state of emergency, restrictions on various activities were gradually lifted and economic activity resumed in stages, with signs of recovery emerging recently.」
The economy’s rapid deterioration due to the global spread of COVID-19 was described, while signs of recovery were also indicated as economic activity resumed following the lifting of the state of emergency. - FY2020-Q3WorsenedAnnual report
「However, the global spread of COVID-19 and other factors rapidly increased uncertainty over the economic outlook, and the impact on domestic and overseas economies became immeasurable.」
In addition to the existing uncertainty over the outlook due to global developments, the global spread of COVID-19 led to a statement that uncertainty had increased rapidly. - FY2020-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period, Japan’s economy remained subject to an uncertain outlook against a backdrop of concerns about various global developments, but corporate capital investment, employment conditions and other areas continued to improve steadily. In addition, the planned Olympic and Paralympic Games in July through September were expected to support domestic demand, and the economy continued to recover moderately overall.」
While uncertainty over the outlook continued due to concerns about global developments, expectations for improvements in corporate capital investment and employment conditions and support for domestic demand were also stated. - FY2020-Q1WorsenedAnnual report
「During the cumulative first-quarter consolidated period, Japan’s economy became increasingly cautious about the economic outlook against a backdrop of concerns about the global economy, but continued to recover moderately overall as employment conditions and other areas improved on the back of solid corporate earnings.」
The statement that caution regarding the economic outlook had increased against a backdrop of concerns about the global economy was added. At the same time, the economy was described as continuing on a moderate recovery trend. - FY2019RestatedAnnual report
「Although Japan’s economy during the consolidated fiscal year continued to face an uncertain outlook due to various global developments」
Uncertainty over the economic outlook arising from global developments continued to be described as part of the external environment. - FY2019-Q3RestatedAnnual report
「Although Japan’s economy during the cumulative third-quarter consolidated period continued to face an uncertain outlook due to various global developments」
Uncertainty over the economic outlook arising from global developments continued to be described as part of the external environment. - FY2019-Q2RestatedAnnual report
「Although Japan’s economy during the cumulative second-quarter consolidated period continued to face an uncertain outlook due to various global developments」
Uncertainty over the economic outlook arising from global developments continued to be described as part of the external environment. - FY2019-Q1RestatedAnnual report
「Although Japan’s economy during the cumulative first-quarter consolidated period continued to face an uncertain outlook due to various global developments」
Uncertainty over the economic outlook arising from global developments continued to be described as part of the external environment. - FY2018RestatedAnnual report
「Although Japan’s economy during the consolidated fiscal year remained subject to an uncertain outlook due to various global developments」
Uncertainty over the economic outlook arising from global developments continued to be described. - FY2018-Q3RestatedAnnual report
「Although Japan’s economy during the cumulative third-quarter consolidated period remained subject to an uncertain outlook due to various overseas developments」
Uncertainty over the economic outlook arising from overseas developments continued to be described as part of the external environment. - FY2018-Q2RestatedAnnual report
「Although Japan’s economy during the cumulative second-quarter consolidated period remained subject to an uncertain outlook due to various overseas developments」
Uncertainty over the economic outlook arising from overseas developments continued to be described as part of the external environment. - FY2018-Q1RestatedAnnual report
「Although Japan’s economy during the cumulative first-quarter consolidated period remained subject to an uncertain outlook due to various overseas developments」
Uncertainty over the economic outlook arising from overseas developments continued to be described as part of the external environment. - FY2017RestatedAnnual report
「Although Japan’s economy during the consolidated fiscal year was affected by various uncertainties in the global economy」
Uncertainty in the global economy continued to be mentioned as part of the external environment. - FY2017-Q3RestatedAnnual report
「Meanwhile, it remains necessary to remain mindful of the impact of volatility in overseas economic conditions, and the economic outlook remains uncertain.」
Volatility in overseas economic conditions and uncertainty over the economic outlook were reiterated as the same external risks. - FY2017-Q2First statedAnnual report
「Meanwhile, it is necessary to remain mindful of the impact of volatility in overseas economic conditions, and the economic outlook remains uncertain.」
Volatility in overseas economic conditions and uncertainty over the economic outlook were identified as external risks.