Uncertainty in Overseas Economies Due to the Emerging-Market Economic Slowdown and the UK's Exit from the EU
First written in FY2017-Q2. 2 of 20 entries say "Restated". Latest entry: FY2023-Q1.
The whole theme swung hardest in 2022: 140 of 172 companies on the "Worse" side.
25 other companies' latest entry also says "Other".
- FY2023-Q1The prolonged situation in Ukraine is explicitly identified.Annual report
「Meanwhile, the outlook remains uncertain due to soaring prices for resources such as crude oil and the prolonged situation in Ukraine.」
Regarding the existing concerns over soaring resource prices and the situation in Ukraine, the report indicates that the situation in Ukraine has been prolonged. - FY2022Addition of soaring resource prices and the situation in UkraineAnnual report
「In addition, the outlook remains uncertain due to surging resource prices, including crude oil, and rising tensions surrounding the situation in Ukraine.」
In addition to the existing uncertainties surrounding overseas economies, financial markets and infectious diseases, the report explicitly identifies soaring resource prices and the situation in Ukraine. - FY2022-Q3Explicitly stated the renewed spread of infections due to new variantsAnnual report
「The state of emergency was lifted at the end of September following a decline in infections in Japan, and restrictions on socioeconomic activity were eased, leading to signs of a recovery in personal consumption. However, infections began to spread again in December with the outbreak of new variants, and the outlook remains uncertain.」
In addition to the existing recovery factors, including vaccinations and the decline in infections, the report explicitly identifies the renewed spread of infections due to new variants as an uncertainty in the external environment. - FY2022-Q2Listed progress in vaccination alongside concerns about a renewed spread of infectionsAnnual report
「Although the number of infections in Japan has begun to decline, peaking in August as vaccination progresses, concerns about a renewed spread of infections remain and the outlook continues to be uncertain.」
While recognising progress in vaccinations and the decline in infections, the report continues to view the outlook as uncertain because of concerns about a renewed spread of infections. - FY2021-Q3Added the sharp increase in infections and uncertainty surrounding economic activityAnnual report
「Particularly after the state of emergency was declared in April, social and economic activity was restricted by limitations on behaviour and requests for businesses to suspend operations in response to calls for people to refrain from going outdoors. Personal consumption fell sharply and continued to deteriorate rapidly. After the state of emergency was lifted, economic activity showed signs of recovery, partly due to the effects of various government policies. However, the number of infections rose sharply nationwide from November, and with the timing of containment still unclear, behavioural changes adapted to the “new lifestyle” continued to spread through society. The outlook therefore remained extremely uncertain.」
In addition to the existing uncertainties surrounding overseas economies and trade issues, the report identifies the renewed sharp increase in infections, uncertainty over when the disease will be contained, and the spread of behavioural changes as uncertainties in the external environment. - FY2021-Q2Added the renewed rise in infections and slower domestic recoveryAnnual report
「Even after the state of emergency was lifted, the number of infections began rising again. With the timing of containment still unclear, behavioural changes adapted to the “new lifestyle” became established in society, while the recovery of the domestic economy remained slow and companies restrained capital investment. Corporate earnings and business sentiment therefore continued to deteriorate, and the outlook remained extremely uncertain.」
The report identifies the renewed rise in infections, uncertainty over when the disease will be contained, the slower recovery of the domestic economy, and restrained corporate capital investment as uncertainties in the external environment. - FY2021-Q1Explicitly stated the continuation of the new lifestyle and restrictions on economic activityAnnual report
「Furthermore, even after the state of emergency was lifted, the timing of containment remained unclear, the recovery of the domestic economy stalled, and the outlook remained extremely uncertain.」
Following the decline in external and domestic demand caused by COVID-19, the timing of containment remained unclear even after the state of emergency was lifted, and the recovery of the domestic economy stalled. - FY2020Added declining domestic and overseas demand due to COVID-19Annual report
「In addition to the slowdown in overseas economies resulting from the impact of trade issues centred on the US and China, the global spread of COVID-19 has reduced external demand and affected international supply chains through production stoppages. As a result, Japan's exports and production have continued to decline. Domestic demand has also fallen sharply in response to the government's requests for restraint across a range of activities, including going outdoors, leaving the outlook extremely uncertain.」
In addition to the existing uncertainties surrounding trade issues and overseas economies, the report describes declines in external demand, exports and production, and domestic demand due to the global spread of COVID-19. - FY2020-Q3Added concerns about consumer sentiment following the consumption tax rate increaseAnnual report
「Meanwhile, overseas economies in some regions continue to slow, partly due to the impact of trade issues centred on the US and China. In Japan, concerns about consumer sentiment following the consumption tax rate increase have also left the outlook uncertain.」
In addition to the existing US-China trade issues and overseas economic slowdown, domestic consumer sentiment following the consumption tax rate increase is cited as a concern. - FY2020-Q2RestatedAnnual report
「Meanwhile, a slowdown in some overseas economies has continued due in part to the impact of trade issues centered on the US and China, and the outlook has remained uncertain.」
The trade issues centred on the US and China and the slowdown in parts of overseas economies continue to be cited as uncertainties in the external environment. - FY2020-Q1Continued disclosure of a slowdown in overseas economies due to US-China trade issuesAnnual report
「Meanwhile, the outlook remained uncertain, with signs of a slowdown in some overseas economies due in part to the impact of trade issues centered on the US and China.」
Regarding uncertainty in overseas economies, the company continues to cite the impact of trade issues centered on the US and China and a slowdown in some overseas economies. - FY2019RestatedAnnual report
「Meanwhile, the outlook remained uncertain due to concerns over uncertainty in overseas economies, including developments in trade issues centered on the US and China and the impact of the UK's withdrawal from the EU, and volatility in financial and capital markets.」
Trade issues between the US and China, the UK's withdrawal from the EU, uncertainty in overseas economies and volatility in financial and capital markets remain factors contributing to uncertainty in the external environment. - FY2019-Q3Explicit reference to trade issues and the UK's withdrawal from the EUAnnual report
「Meanwhile, the outlook remained uncertain due to concerns over uncertainty in overseas economies, including developments in trade issues centered on the US and China and the impact of the UK's withdrawal from the EU, and volatility in financial and capital markets.」
Regarding uncertainty in overseas economies, the company explicitly cites trade issues centered on the US and China and the UK's withdrawal from the EU. - FY2019-Q2Addition of trade issues and the impact of natural disasters in JapanAnnual report
「Meanwhile, the outlook remained uncertain due to the impact of successive natural disasters in Japan, in addition to concerns over uncertainty in overseas economies, including developments in trade issues centered on the US and China and downside risks to the economies of emerging Asian countries, and volatility in financial and capital markets.」
In addition to uncertainty in overseas economies and concerns over volatility in financial and capital markets, the company cites trade issues centered on the US and China and the economic impact of successive natural disasters in Japan as factors making the outlook uncertain. - FY2019-Q1Explicit reference to downside risks in China and other emerging Asian economiesAnnual report
「Meanwhile, the outlook remained uncertain due to concerns over uncertainty in overseas economies, including downside risks to the economies of emerging Asian countries such as China, and volatility in financial and capital markets.」
Regarding uncertainty in overseas economies, the company cites downside risks to the economies of emerging Asian countries, including China, and concerns over volatility in financial and capital markets. - FY2018-Q2Addition of geopolitical risksAnnual report
「Meanwhile, the outlook remained uncertain due to the increasing geopolitical risk, in addition to uncertainty in overseas economies and volatility in financial and capital markets.」
The company has added rising geopolitical risk to uncertainty in overseas economies and volatility in financial and capital markets as factors making the outlook uncertain. - FY2018-Q1Generalization of uncertainty factors and addition of financial-market factorsAnnual report
「During the three-month cumulative period ended in the first quarter, Japan's economy continued to recover moderately. Capital investment picked up against a backdrop of improving corporate earnings, while personal consumption remained generally firm amid steady improvement in employment conditions. Meanwhile, the outlook remained uncertain due to the impact of uncertainty in overseas economies and volatility in financial and capital markets.」
Rather than citing specific factors such as emerging-market economies and the UK's withdrawal from the EU, the company categorizes uncertainty in overseas economies and volatility in financial and capital markets as factors making the outlook uncertain. - FY2017Reorganization of the factors contributing to uncertaintyAnnual report
「Meanwhile, the outlook remained uncertain due to the increasing uncertainty surrounding the future direction of US economic and monetary policy, in addition to the impact of the UK's withdrawal from the EU.」
The previous reference to slowing emerging-market economies has been removed, with the UK's withdrawal from the EU and US economic and monetary policy cited as factors contributing to uncertainty. - FY2017-Q3Addition of an uncertainty factorAnnual report
「Meanwhile, the outlook remained uncertain due to the increasing uncertainty surrounding the future direction of US economic and monetary policy, in addition to the impact of slowing emerging-market economies and the UK's withdrawal from the EU.」
In addition to the previously cited slowdown in emerging-market economies and the UK's withdrawal from the EU, the company cites uncertainty surrounding US economic and monetary policy. - FY2017-Q2First statedAnnual report
「Meanwhile, in exports and production, the outlook remained uncertain due to the increasing uncertainty in overseas economies associated with the UK's withdrawal from the EU, in addition to the impact of slowing emerging-market economies, including China.」
The company recognizes that uncertainty in overseas economies has increased against a backdrop of slowing emerging-market economies and the UK's withdrawal from the EU.