Economic Uncertainty Resulting from the Situation in Ukraine, Sharp Yen Depreciation and Other Factors
First written in FY2022-Q2. 6 of 11 entries say "Reframed", first in FY2023-Q1. Latest entry: FY2026-H1.
Mental Health Technologies moved to the "Worse" side of this theme in 2024, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 22 of 48 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2026-H1MaterialisedAnnual report
「In these circumstances, although some customers in our group’s mental health solutions business canceled services because of the consolidation of business locations or declines in employee numbers, the impact of the situation in the Middle East on our customer base remains limited at this time.」
The company reported actual cancellations by some customers due to business-location consolidation and declining employee numbers amid deteriorating conditions including the situation in the Middle East, while describing the impact as limited. - FY2025RestatedAnnual report
「Although uncertainty remained because of the high-tariff policies of the U.S. president, business sentiment gradually improved from the middle of the year because the heat wave created special demand for home appliances and daily necessities and construction demand and digital investment expanded.」
The company cited uncertainty from high-tariff policies alongside improved sentiment driven by construction demand and expanded digital investment. - FY2025-H1ReframedAnnual report
「Although inbound demand was strong during the interim consolidated accounting period, the economy continued to trend downward because household thrift strengthened as food and other prices rose and corporate performance weakened due to higher interest rates and raw material prices. In addition, uncertainty increased because of the escalating situation in the Middle East and the impact of high-tariff policies by the U.S. president.」
The uncertainty factors were organized and expanded to include food and other inflation, household thrift, higher interest and raw material prices, the situation in the Middle East and high-tariff policies. - FY2024-H1ReframedAnnual report
「Although economic activity was moving toward normalization, private consumption remained weak during the interim consolidated accounting period because higher resource and raw material prices and yen-driven inflation strengthened consumers’ preference for thrift. The economy is expected to recover moderately, but domestic and overseas outlooks remain uncertain.」
The company organized the uncertainty factors around higher resource and raw material prices, yen-driven inflation and consumer thrift, alongside normalization of economic activity. - FY2024-Q1ReframedAnnual report
「Although Japan’s economy during the first quarter cumulative period was adversely affected by the Noto Peninsula earthquake on New Year’s Day and production and shipment suspensions caused by certification misconduct at certain automakers, signs of an economic upturn emerged in March due to strong tourism and inbound consumption.」
The company cited the Noto Peninsula earthquake and automaker certification misconduct as downward pressures, while also noting an upturn driven by tourism and inbound consumption. - FY2023ReframedAnnual report
「Overall, the situation remained uncertain because of downward pressures including the weaker yen, the slowdown in China and heightened geopolitical risks in Eastern Europe and the Middle East.」
The uncertainty factors broadened from monetary tightening and inflation to yen depreciation, China’s slowdown and geopolitical risks in Eastern Europe and the Middle East. - FY2023-Q3ReframedAnnual report
「Although Japan’s economy during the nine-month consolidated period faced downward pressures from higher costs including energy, stronger consumer thrift and a slowdown in overseas economies, particularly China, business sentiment improved overall because events resumed after COVID-19 and inbound tourism demand increased.」
The factors cited as creating uncertainty and downward pressure shifted to higher energy and other costs, consumer thrift and the slowdown in China, while the company also noted improved sentiment from resumed events and inbound demand. - FY2023-Q2RestatedAnnual report
「Although the prolonged monetary tightening by central banks since last year has created uncertainty in overseas economies, business sentiment improved as the weaker yen increased foreign tourists and domestic travel increased during the long holiday period following the reclassification of COVID-19 as a Category V disease in May.」
The company continued citing prolonged monetary tightening and uncertainty in overseas economies, while also noting improved sentiment due to more foreign tourists and domestic travel. - FY2023-Q1ReframedAnnual report
「Although consumption became more active as the easing of entry restrictions at the end of last year increased foreign tourists and the easing of mask-wearing restrictions in March increased human mobility, uncertainty persisted because of the effects of global inflation since last year and prolonged monetary tightening by central banks.」
The factors cited as causing economic uncertainty shifted from the situation in Ukraine and sharp yen depreciation to global inflation and prolonged monetary tightening by central banks. - FY2022-Q3RestatedAnnual report
「Meanwhile, the economic outlook remained uncertain because of the escalating situation in Ukraine and higher resource and raw material prices resulting from the sharp depreciation of the yen.」
The company reiterated the uncertainty caused by the situation in Ukraine, sharp yen depreciation and higher resource and raw material prices. - FY2022-Q2First statedAnnual report
「Meanwhile, the economic outlook remained uncertain because of the escalating situation in Ukraine and higher resource and raw material prices resulting from the sharp depreciation of the yen.」
The company first cited the situation in Ukraine, sharp yen depreciation and higher resource and raw material prices as external factors clouding the economic outlook.