Downside risks to overseas economies and unstable international conditions
First written in FY2017-Q1. 16 of 28 entries say "Worsened", first in FY2019-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「We anticipate risks to the Japanese economy as a whole, including higher costs from surging crude oil prices caused by escalating tensions in the Middle East, the resulting impact of decreases in inbound tourism and domestic demand, lower consumer sentiment stemming from falling share prices and deteriorating corporate performance, spillover effects on import-dependent industries, and impacts on the financial markets.」
In addition to the previous uncertainty in overseas economies and the financial markets, spillovers to inbound tourism, domestic demand, consumer sentiment and other areas arising from escalating tensions in the Middle East and crude oil prices have been organized as specific geopolitical risks. - FY2024-Q3RestatedAnnual report
「However, a downturn in overseas economies, including the impact of global monetary tightening and concerns over the outlook for the Chinese economy, poses a risk of putting downward pressure on the Japanese economy. The situation also requires close attention to the impact of rising prices and fluctuations in the financial and capital markets.」
The explanation identifying global monetary tightening, overseas economies, the Chinese economy, rising prices and fluctuations in the financial and capital markets as factors of concern for the outlook has been maintained. - FY2024-Q1WorsenedAnnual report
「Amid continued global monetary tightening and other developments, a downturn in overseas economies poses a risk of putting downward pressure on the Japanese economy. The situation also requires close attention to the impact of rising prices and fluctuations in the financial and capital markets.」
In addition to a downturn in overseas economies, global monetary tightening, rising prices and fluctuations in the financial and capital markets have been identified as concerns in the business environment. - FY2023-Q3WorsenedAnnual report
「Against this backdrop, during the nine-month period ended 31 December of the fiscal year under review, our Group advanced initiatives centered on "management reform," "digital management" and "sustainability" under the Seibu Group Medium-term Management Plan (FY2021–FY2023), its second year, with the theme of "looking ahead to the desired state of society after COVID-19, overcoming the COVID-19 shock and paving the way for a leap forward."」
In addition to the prolonged situation in Ukraine, rising raw material prices, supply constraints and fluctuations in the financial and capital markets, attention was drawn to infection trends in China. - FY2023-Q1WorsenedAnnual report
「During the cumulative first-quarter period, the Group pursued initiatives based on 3 pillars, management reform, digital management and sustainability, under the second-year Seibu Group Medium-Term Management Plan (FY2021–FY2023) and its theme, “Looking ahead to the society we aspire to create after COVID-19, overcoming the COVID-19 shock and laying the path to a leap forward.”」
The prolonged situation in Ukraine, restrictions on economic activity in China, rising raw material prices, supply constraints and fluctuations in the financial and capital markets have been identified as new factors of concern in the business environment. - FY2022WorsenedAnnual report
「Looking ahead, although the economy is expected to continue showing signs of recovery as measures are taken to prevent the spread of the disease and vaccinations are promoted, supported by the effects of various policies and improvements in overseas economies, we will closely monitor infection trends in Japan and overseas and the impact of conditions in Ukraine, among other factors.」
In addition to the disease and overseas economies, the impact of conditions in Ukraine has newly been identified as a matter to be monitored for the outlook. - FY2022-Q3WorsenedAnnual report
「Looking ahead, although the economy is expected to continue showing signs of recovery as measures are taken to prevent the spread of the disease and vaccinations are promoted, supported by the effects of various policies and improvements in overseas economies, we will closely monitor the impact of infection trends in Japan and overseas, including variant strains, and fluctuations in the financial and capital markets.」
In addition to the previous concerns over the disease and the financial and capital markets, infection trends in Japan and overseas, including variant strains, have been expressly identified as matters to be monitored for the outlook. - FY2022-Q1RestatedAnnual report
「Looking ahead, although the economy is expected to continue showing signs of recovery as measures are taken to prevent the spread of the disease and vaccinations are promoted, supported by the effects of various policies and improvements in overseas economies, the situation remains unpredictable and requires close attention to the impact of infection trends on economies in Japan and overseas.」
The impact of the disease and uncertainty in economies in Japan and overseas continue to be identified as factors of concern for the outlook. - FY2021-Q3WorsenedAnnual report
「As of 24 September 2020, the environment surrounding our Group is deteriorating beyond the assumptions previously made, owing to the resurgence of infections, the resulting temporary suspension of the "Go To Campaign Project" and the issuance of another state of emergency declaration.」
An explanation has been added that the business environment is deteriorating beyond previous assumptions owing to the resurgence of infections, the temporary suspension of the Go To Campaign and the issuance of another state of emergency declaration. - FY2021-Q2WorsenedAnnual report
「The extremely severe and uncertain situation is expected to continue for the time being, owing to downside risks from a resurgence of the disease and the impact of fluctuations in the financial and capital markets, among other factors.」
The downside risk from a resurgence of the novel coronavirus disease has been added to the previous uncertainty in overseas economies and the financial markets. - FY2021-Q1WorsenedAnnual report
「The economy continues to deteriorate rapidly due to the global spread of the novel coronavirus disease and is in an extremely severe situation. Employment conditions have also weakened further as a result of the disease. Although economic activity is expected to be gradually increased while measures are taken to prevent the spread of the disease, it will be necessary to closely monitor the risk that the disease could further weaken economies in Japan and overseas, as well as the impact of fluctuations in the financial and capital markets, and the extremely severe and uncertain situation is expected to continue for the time being.」
In addition to the previous uncertainty in overseas economies and the financial markets, the downside risk to economies in Japan and overseas from the novel coronavirus disease has been expressly identified. - FY2020-Q3WorsenedAnnual report
「However, the outlook remains uncertain, with concern over the impact on overseas economies and fluctuations in the financial and capital markets arising from developments concerning trade issues, the outlook for the Chinese economy, the UK's withdrawal from the EU and conditions in the Middle East, as well as trends in consumer sentiment following the consumption tax rate increase.」
In addition to the previous concerns over trade issues, the Chinese economy, the UK's withdrawal from the EU and consumer sentiment, conditions in the Middle East have been added as a factor of concern. - FY2020-Q2WorsenedAnnual report
「However, the outlook remains uncertain, with concern over the impact on overseas economies and fluctuations in the financial and capital markets arising from tensions over trade issues, the outlook for the Chinese economy and the UK's withdrawal from the EU, as well as trends in consumer sentiment following the consumption tax rate increase.」
In addition to the previous concerns over trade issues, overseas economies and uncertainty in the financial and capital markets, the Chinese economy, the UK's withdrawal from the EU and consumer sentiment following the consumption tax rate increase have been added as factors of concern. - FY2020-Q1WorsenedAnnual report
「However, the outlook remains uncertain, with concern over the impact of developments in trade issues on the global economy, uncertainty concerning overseas economies and policy, and fluctuations in the financial and capital markets.」
In addition to the previous uncertainty in overseas economies, uncertainty concerning policy has been expressly identified as a factor of concern. - FY2019-Q3RestatedAnnual report
「However, the outlook remains uncertain, with concern over the impact of developments in trade issues on the global economy, uncertainty in overseas economies, and fluctuations in the financial and capital markets.」
The explanation identifying trade issues, uncertainty in overseas economies and the financial and capital markets as factors of concern for the outlook has been maintained. - FY2019-Q2WorsenedAnnual report
「However, the outlook remains uncertain, with concern over the impact of developments in trade issues on the global economy, uncertainty in overseas economies, fluctuations in the financial and capital markets, and the economic impact of a succession of natural disasters.」
In addition to the previous concerns over trade issues and uncertainty in overseas economies and the financial markets, the impact of a succession of natural disasters has been identified as a factor of concern. - FY2019-Q1WorsenedAnnual report
「However, the outlook remains uncertain, with concern over the impact of developments in trade issues on the global economy, uncertainty in overseas economies, fluctuations in the financial and capital markets, and the impact of the heavy rains in July 2018 on the economy.」
In addition to the previous concerns over uncertainty in overseas economies and the financial and capital markets, the impact of trade issues and the heavy rains in July 2018 has been added as a factor of concern. - FY2018-Q3RestatedAnnual report
「However, the outlook remains uncertain, with concern over the impact of uncertainty in overseas economies and fluctuations in the financial and capital markets.」
The explanation identifying uncertainty in overseas economies and fluctuations in the financial and capital markets as factors contributing to an uncertain outlook has been repeated. - FY2018-Q2RestatedAnnual report
「However, the outlook remains uncertain, with concern over the impact of uncertainty in overseas economies and fluctuations in the financial and capital markets.」
The explanation identifying uncertainty in overseas economies and fluctuations in the financial and capital markets as factors contributing to an uncertain outlook has been repeated. - FY2018-Q1RestatedAnnual report
「However, the outlook remains uncertain, with concern over the impact of uncertainty in overseas economies and fluctuations in the financial and capital markets.」
The explanation identifying uncertainty in overseas economies and fluctuations in the financial and capital markets as factors contributing to an uncertain outlook has been repeated with the same content as in the previous year's report. - FY2017ReframedAnnual report
「Sluggish consumption, worsening employment conditions, stagnant corporate activity, declining demand, decreases in private-sector and public works, weak real estate market conditions, a downturn in overseas economies, and geopolitical risks could affect the performance and financial condition of our Group.」
The discussion has been broadened from the previous wording concerning uncertainty in overseas economies and fluctuations in the financial markets to cover a wide range of economic risks, including domestic demand, employment, construction, real estate market conditions and geopolitical risks. - FY2017-Q3ReframedAnnual report
「However, the outlook remains uncertain, with concern over the impact of uncertainty in overseas economies and fluctuations in the financial and capital markets.」
The wording has changed from "downside risks to overseas economies" to concern over uncertainty in overseas economies and the impact of fluctuations in the financial and capital markets. - FY2017-Q2ReframedAnnual report
「However, the outlook remains uncertain because of the impact of volatility in the financial and capital markets and downside risks to overseas economies.」
The wording has changed from the previous quarter's reference to "unstable international conditions" to a reference to the impact of volatility in the financial and capital markets and downside risks to overseas economies. - FY2017-Q1First statedAnnual report
「The outlook remains uncertain because of downside risks to overseas economies and unstable international conditions.」
Overseas economies and international conditions are described as factors contributing to uncertainty in the outlook.