Uncertainty over the outlook due to overseas economic conditions, prices and financial-market volatility
First written in FY2023-Q2. 5 of 10 entries say "Restated". Latest entry: FY2026-H1.
On The Page moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 24 of 35 companies on the "Worse" side.
13 other companies' latest entry also says "Reframed".
- FY2026-H1ReframedAnnual report
「Japan’s economy during the current interim consolidated accounting period has been recovering moderately, supported by improvements in employment and income conditions and the effects of various policies. However, the situation in the Middle East and the impact of U.S. policy developments, including trade policy, may weigh on Japan’s economy, and the outlook remains uncertain.」
The focus of external risks shifted from high interest rates in Europe and the United States and stagnation in China’s real estate market to the situation in the Middle East and U.S. policy developments, including trade policy. - 2026-05-15ReframedEarnings
「The outlook remains uncertain, as trends in U.S. policy, including the situation in the Middle East and trade policy, pose risks of putting downward pressure on Japan’s economy.」
The description of external-environment risks was expanded from previously cited risks such as high interest rates and the Chinese economy to include the situation in the Middle East and U.S. trade policy. - FY2025ReframedAnnual report
「Japan’s economy during the current consolidated fiscal year has been recovering moderately, supported by the effects of various policies as employment and income conditions improve. However, downside risks in overseas economies, including the effects of continued high interest rates in Europe and the United States and the continuing stagnation of China’s real estate market, are weighing on Japan’s economy, and the outlook remains uncertain.」
The disclosure focuses on high interest rates in Europe and the United States and stagnation in China’s real estate market, rather than the rising prices and U.S. trade policy cited in the prior interim period. - FY2025-H1ReframedAnnual report
「Japan’s economy during the current interim consolidated accounting period has been recovering moderately as employment and income conditions improve and various policies take effect. However, the continuing rise in prices may weigh on personal consumption, while U.S. policy developments, including trade policy, may weigh on Japan’s economy, and the outlook remains uncertain.」
The focus shifted from high interest rates in Europe and the United States and concerns over China to the impact of rising prices on personal consumption and U.S. trade policy and other policies. - FY2024RestatedAnnual report
「Downside risks in overseas economies, including the effects of continued high interest rates in Europe and the United States and the continuing stagnation of China’s real estate market, are weighing on Japan’s economy, and the outlook remains uncertain.」
The company continues to describe uncertainty arising from high interest rates in Europe and the United States, China and downside risks in overseas economies. - FY2024-H1RestatedAnnual report
「However, downside risks in overseas economies, including the effects of continued high interest rates in Europe and the United States and concerns over the outlook for the Chinese economy, are weighing on Japan’s economy, and the outlook remains uncertain.」
The company continues to cite high interest rates in Europe and the United States, concerns over China’s outlook and downside risks in overseas economies. - FY2024-Q1RestatedAnnual report
「Japan’s economy during the cumulative first quarter of the current consolidated fiscal year has been recovering moderately, supported by improvements in employment and income conditions and the effects of various policies. However, downside risks in overseas economies, including the effects of global monetary tightening and concerns over the outlook for the Chinese economy, are weighing on Japan’s economy, and the outlook remains uncertain.」
The company continues to cite global monetary tightening, concerns over China’s outlook and downside risks in overseas economies as sources of uncertainty. - FY2023RestatedAnnual report
「Amid the continuing effects of global monetary tightening and concerns over the outlook for the Chinese economy, downside risks in overseas economies, rising prices and volatility in financial and capital markets are weighing on Japan’s economy, and the outlook remains uncertain.」
The company continues to describe uncertainty over the outlook involving global monetary tightening, China, overseas economies, prices and financial and capital markets. - FY2023-Q3RestatedAnnual report
「Amid the continuing effects of global monetary tightening and concerns over the outlook for the Chinese economy, downside risks in overseas economies, rising prices and volatility in financial and capital markets are weighing on Japan’s economy, and the outlook remains uncertain.」
The company continues to describe external risks involving overseas economies, China, prices and financial and capital markets, together with uncertainty over the outlook. - FY2023-Q2First statedAnnual report
「As global monetary tightening and other factors continue, downside risks in overseas economies, rising prices and volatility in financial and capital markets are weighing on Japan’s economy, and the outlook remains uncertain.」
Downside risks in overseas economies, rising prices and volatility in financial and capital markets are identified as external risks weighing on the domestic economy.