Concerns over economic conditions due to the rapid depreciation of the yen
First written in FY2023-Q1. 1 of 4 entries say "Worsened", first in FY2023-Q2. Latest entry: FY2024-Q1.
The whole theme swung hardest in 2025: 9 of 16 companies on the "Worse" side.
2 other companies' latest entry also says "Dropped".
- FY2024-Q1DroppedAnnual reportThis quarterly report contains no mention of the rapid depreciation of the yen as a specific concern regarding economic conditions.
- FY2023-Q3RestatedAnnual report
「The outlook for economic conditions remains difficult to assess, given the impact of the COVID-19 pandemic on economic activity, international developments including the situation in Ukraine, and the stagnation of corporate activity and sluggish consumer spending accompanying rising prices caused by the rapid depreciation of the yen. Difficult economic conditions are expected to continue for the time being.」
This continues to indicate rising prices, stagnating corporate activity, sluggish personal consumption and uncertainty over the outlook caused by the rapid depreciation of the yen. - FY2023-Q2WorsenedAnnual report
「There are many concerns regarding economic conditions, including the deterioration of corporate earnings and sluggish personal consumption caused by rising prices due to the rapid depreciation of the yen, among other factors.」
This specifically indicates the impact of the rapid depreciation of the yen on corporate earnings and personal consumption through higher prices. - FY2023-Q1First statedAnnual report
「There continue to be many concerns regarding economic conditions, including the further rapid depreciation of the yen, and uncertainty about the outlook cannot be dispelled.」
This is the first specific mention of the rapid depreciation of the yen as a concern regarding economic conditions and a factor behind the increasing uncertainty over the outlook.