Downside risks to emerging-market economies and overseas economic risks from Brexit
First written in FY2017-Q2. 10 of 19 entries say "Raised", first in FY2017-Q3. Latest entry: FY2026-H1.
The whole theme swung hardest in 2022: 50 of 60 companies on the "Worse" side.
19 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「The outlook for the overseas economy remains uncertain due to the effects of unstable international conditions in the Middle East and Eastern Europe, weakness in the Chinese economy, policy developments under the US administration and surging energy and raw material prices.」
International conditions in the Middle East and Eastern Europe, the Chinese economy, policy developments under the US administration and surging energy and raw material prices continue to be identified as sources of uncertainty for the overseas economy. - FY2025RaisedAnnual report
「The outlook for the overseas economy remains uncertain due to the effects of unstable international conditions in the Middle East and Eastern Europe, weakness in the Chinese economy, policies under the new US administration and surging energy and raw material prices.」
The factors of concern were updated and expanded to include conditions in the Middle East and Eastern Europe, weakness in the Chinese economy, policies under the new US administration and surging energy and raw material prices as overseas economic risks. - FY2025-H1RaisedAnnual report
「The outlook for the economy remains uncertain due to the effects of global monetary tightening, deteriorating conditions in the Middle East, a slowdown in the Chinese economy and rising prices driven by the depreciation of the yen.」
Global monetary tightening, conditions in the Middle East, a slowdown in the Chinese economy and rising prices driven by the depreciation of the yen are explicitly identified as overseas economic and business risks. - FY2024-Q1RestatedAnnual report
「During the three-month cumulative period of the current consolidated fiscal year, Japan's economy remained subject to an uncertain outlook due to concerns over rising prices and overseas political conditions. However, as COVID-19 was reclassified from Category 2 to Category 5 under the Infectious Diseases Control Law in May 2023, moves toward normalizing social and economic activity strengthened, and consumer spending showed signs of recovery.」
While continuing to describe uncertainty caused by concerns over rising prices and overseas political conditions, the disclosure also describes the normalization of social and economic activity following COVID-19's reclassification to Category 5. - FY2023-Q1RaisedAnnual report
「During the three-month cumulative period of the current consolidated fiscal year, Japan's economy remained in a generally difficult condition. Although consumer activity showed signs of recovery as the country shifted toward balancing infection control with economic and social activity amid the continued spread of COVID-19, prices rose due to surging resource prices caused by the deterioration of the situation in Ukraine and the rapid depreciation of the yen.」
The deterioration of the situation in Ukraine, surging resource prices, the rapid depreciation of the yen and rising prices were explicitly identified as risks to the operating environment, in addition to the previously identified infectious disease and overseas economic risks. - FY2022RaisedAnnual report
「The outlook remains uncertain due to concerns over the course of infectious diseases, rising energy prices and overseas political conditions.」
In addition to the previously identified infectious disease and overseas economic risks, rising energy prices and overseas political conditions were explicitly identified as risks to the operating environment. - FY2020-Q3RestatedAnnual report
「During the nine-month cumulative period of the current consolidated fiscal year, Japan's economy remained subject to an uncertain outlook. Domestic demand provided support amid a moderate improvement in employment and income conditions, but the outlook remained uncertain due to prolonged US-China trade friction, a slowdown in the Chinese economy, deteriorating Japan-South Korea relations and the UK's Brexit issue.」
US-China trade friction, a slowdown in the Chinese economy, deteriorating Japan-South Korea relations and the UK's Brexit issue continue to be identified as risks to the economic outlook. - FY2020-Q2RaisedAnnual report
「During the six-month cumulative period of the current consolidated fiscal year, Japan's economy remained subject to an uncertain outlook. Domestic demand provided support amid a moderate improvement in employment and income conditions, but the outlook remained uncertain due to prolonged US-China trade friction, deteriorating Japan-South Korea relations, the UK's Brexit issue and rising geopolitical risks in the Middle East.」
Deteriorating Japan-South Korea relations and rising geopolitical risks in the Middle East were explicitly identified as economic risks, in addition to the previously disclosed US-China trade friction and the UK's Brexit. - FY2020-Q1RestatedAnnual report
「During the three-month cumulative period of the current consolidated fiscal year, Japan's economy remained subject to an uncertain outlook. Although employment and income conditions continued to recover moderately, the outlook remained uncertain due to prolonged US-China trade friction, a slowdown in the Chinese economy, the UK's Brexit issue and surging crude oil prices.」
US-China trade friction, a slowdown in the Chinese economy, the UK's Brexit and surging crude oil prices continue to be identified as risks to the economic outlook. - FY2019RaisedAnnual report
「During the current consolidated fiscal year, Japan's economy remained on a moderate recovery trend, supported by solid corporate earnings and improving employment and income conditions. However, the outlook for the economy remained uncertain due to the effects of large-scale natural disasters, a slowdown in the Chinese economy, concerns over US-China trade friction and surging crude oil prices.」
The effects of large-scale natural disasters were explicitly identified, in addition to a slowdown in the Chinese economy, US-China trade friction and surging crude oil prices as overseas economic and business risks. - FY2019-Q2RestatedAnnual report
「During the six-month cumulative period of the current consolidated fiscal year, Japan's economy remained on a moderate recovery trend, supported by solid corporate earnings and improving employment and income conditions. However, the outlook for the economy remained uncertain due to the effects of natural disasters, including the torrential rains of July 2018, concerns over trade friction under US protectionist policies and surging crude oil prices.」
Natural disasters, US protectionist policies and trade friction, and surging crude oil prices continue to be identified as risks to the economic outlook. - FY2019-Q1RaisedAnnual report
「During the three-month cumulative period of the current consolidated fiscal year, Japan's economy remained on a moderate recovery trend, supported by solid corporate earnings and improving employment and income conditions. However, the outlook for the economy remained uncertain due to developments in US protectionist policies, concerns over trade friction and surging crude oil prices.」
US protectionist policies, trade friction and surging crude oil prices are identified as overseas economic and business risks, expanding the scope of the disclosure. - FY2018RaisedAnnual report
「During the current consolidated fiscal year, Japan's economy remained on a moderate recovery trend. Capital investment and employment conditions improved against the backdrop of economic policies by the government and the Bank of Japan and monetary easing, although overseas economic risks remained, including uncertainty over policies under the new US administration, the North Korea issue and instability in the Middle East.」
The new US administration, North Korea and the Middle East are identified as overseas economic risks, broadening the scope of the previous disclosure. - FY2018-Q3RestatedAnnual report
「During the nine-month cumulative period of the current consolidated fiscal year, Japan's economy remained on a moderate recovery trend. Capital investment and employment conditions improved against the backdrop of various economic policies by the government and the Bank of Japan and monetary easing, although overseas economic risks remained, including North Korea's missile issue, the UK's Brexit and policy developments under the new US president.」
North Korea's missile issue, the UK's Brexit and policy developments under the new US administration continue to be identified as overseas economic risks. - FY2018-Q2RaisedAnnual report
「During the six-month cumulative period of the current consolidated fiscal year, Japan's economy remained on a moderate recovery trend. Capital investment and employment conditions improved against the backdrop of various economic policies by the government and the Bank of Japan and monetary easing, although overseas economic risks remained, including North Korea's missile issue, the UK's Brexit and policy developments under the new US president.」
North Korea's missile issue is cited as an overseas economic risk, in addition to the previously identified Brexit and policy developments under the new US administration. - FY2018-Q1RestatedAnnual report
「During the three-month cumulative period of the current consolidated fiscal year, Japan's economy remained on a moderate recovery trend. Capital investment and employment conditions improved against the backdrop of various economic policies by the government and the Bank of Japan and monetary easing, although overseas economic risks remained, including political instability in emerging markets, the UK's Brexit and policy developments under the new US president.」
Conditions in emerging markets, Brexit and policy developments under the new US administration continue to be identified as overseas economic risks. - FY2017RestatedAnnual report
「During the current consolidated fiscal year, Japan's economy remained subject to overseas economic risks, including a downturn in emerging-market economies, the UK's Brexit and policy developments under the new US president, although」
The downturn in emerging-market economies, Brexit and policy developments under the new US administration continue to be identified as overseas economic risks. - FY2017-Q3RaisedAnnual report
「During the nine-month cumulative period of the current consolidated fiscal year, Japan's economy remained on a moderate recovery trend. Capital investment and employment conditions improved against the backdrop of various economic policies by the government and the Bank of Japan and monetary easing, although overseas economic risks remained, including a downturn in emerging-market economies, the UK's Brexit issue and the US presidential election.」
The US presidential election is cited as an overseas economic risk, in addition to the previously identified downturn in emerging-market economies and the UK's Brexit issue. - FY2017-Q2First statedAnnual report
「During the six-month cumulative period of the current consolidated fiscal year, Japan's economy remained on a moderate recovery trend. Capital investment and employment conditions improved against the backdrop of various economic policies by the government and the Bank of Japan and monetary easing, although overseas economic risks remained, including a downturn in emerging-market economies and the UK's Brexit issue.」
The downturn in emerging-market economies and the UK's Brexit issue are identified as overseas economic risks.