Increasing external uncertainty from variants, supply shortages and yen depreciation
First written in FY2022-Q3. 1 of 14 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 7 of 14 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2026External Environment UpdateAnnual report
「During the consolidated fiscal year, the Japanese economy remained on a gradual recovery trend, supported by improvements in employment and income conditions and corporate earnings. However, the outlook remained uncertain amid concerns over the impact of rising geopolitical risks surrounding the situation in the Middle East and higher crude oil prices, while prices continued to rise.」
The gradual recovery trend supported by improvements in employment and income conditions and corporate earnings was indicated, while rising prices, the situation in the Middle East, and higher crude oil prices were identified as new uncertainties. - 2026-06-12OtherEarnings
「At the same time, rising geopolitical risks surrounding the Middle East raised concerns about their impact on energy prices and financial markets, increasing uncertainty regarding the outlook.」
外部環境上の不透明要因として、中東地域を巡る地政学的リスクとエネルギー価格・金融市場への影響懸念を追加的に記載した。 - FY2026-H1External Environment UpdateAnnual report
「During the interim consolidated fiscal period, the Japanese economy maintained a gradual recovery trend, supported by improving employment conditions and resilient corporate earnings despite the continuing impact of rising prices.」
While prices continued to rise, the assessment of the external environment was updated to reflect a gradual recovery trend in the domestic economy, supported by improving employment conditions and resilient corporate earnings. - FY2025External Environment UpdateAnnual report
「During the consolidated fiscal year, the Japanese economy maintained a gradual recovery trend, supported by a recovery in private consumption driven by higher wages and growing inbound demand, as well as a recovery in corporate capital investment. However, uncertainty over the outlook continued due to persistently high energy prices, exchange-rate fluctuations, continued price increases, and growing uncertainty surrounding U.S. tariff policy.」
The gradual recovery trend in the domestic economy was indicated, while energy prices, exchange rates, prices, and uncertainty surrounding U.S. tariff policy were updated as external concerns. - FY2025-H1External Environment UpdateAnnual report
「During the interim consolidated fiscal period, the Japanese economy maintained a gradual recovery trend, supported by a recovery in private consumption accompanying wage increases and a recovery in capital investment. However, uncertainty remained over the outlook due to persistently high resource prices, rising prices, changes in U.S. trade policy, and higher overseas interest rates.」
The gradual recovery trend in the domestic economy was indicated, while resource prices and consumer prices, U.S. trade policy, and higher overseas interest rates were identified as new uncertainties. - FY2024External Environment UpdateAnnual report
「During the consolidated fiscal year, the Japanese economy gradually moved toward normalization as restrictions on activities related to COVID-19 were eased. However, the outlook for the economy remained uncertain due to the impact of sharp exchange-rate fluctuations accompanying global monetary tightening, soaring resource and energy prices, heightened tensions in the Middle East, and concerns over the outlook for the Chinese economy.」
The normalization of economic activity was presented alongside exchange-rate fluctuations, soaring resource and energy prices, tensions in the Middle East, and concerns over the Chinese economy, updating the external uncertainties. - FY2024-Q3External Environment UpdateAnnual report
「During the cumulative third quarter of the consolidated fiscal year, economic activity continued to normalize from the COVID-19 pandemic, and economic and social activity remained on a gradual recovery trend, supported by the emergence of pent-up demand and other factors. However, the outlook remained uncertain due to developments surrounding Ukraine and the Middle East, as well as trends in financial and foreign exchange markets.」
The normalization and gradual recovery of economic activity were indicated, while developments in Ukraine and the Middle East and trends in financial and foreign exchange markets were identified as new external uncertainties. - FY2024-Q2External Environment UpdateAnnual report
「During the cumulative second quarter of the consolidated fiscal year, the impact of COVID-19 subsided and economic and social activity was on a gradual recovery trend, supported by the emergence of pent-up demand and other factors. However, the outlook remained uncertain due to heightened international tensions and the rapid depreciation of the yen.」
The subsiding impact of the pandemic and the gradual recovery trend in economic and social activity were indicated, while heightened international tensions and the rapid depreciation of the yen were identified as new external uncertainties. - FY2024-Q1External Environment UpdateAnnual report
「Meanwhile, the outlook remained uncertain due to globally rising prices, monetary tightening, the prolonged situation in Ukraine, and concerns over the depreciation of the yen.」
As the impact of the pandemic subsided and economic activity moved toward normalization, globally rising prices, monetary tightening, the prolonged situation in Ukraine, and concerns over the depreciation of the yen were identified as new external uncertainties. - FY2023-Q3External Environment UpdateAnnual report
「During the cumulative third quarter of the consolidated fiscal year, economic and social activity moved toward normalization as various restrictions were eased, despite the prolonged impact of COVID-19. However, the outlook remained uncertain due to globally rising raw material and resource prices, the prolonged Russian invasion of Ukraine, and the failures of regional banks in the United States.」
The movement toward normalization of economic activity was presented alongside uncertainty caused by soaring raw material and resource prices, the prolonged invasion of Ukraine, and the failures of regional banks in the United States, updating the assessment of the external environment. - FY2023-Q2External Environment UpdateAnnual report
「During the cumulative second quarter, the Japanese economy showed signs of a resumption of economic activity, although the outlook remained uncertain as the number of COVID-19 cases continued to increase.」
The uncertainty caused by the increase in infections and signs of a resumption of economic activity were presented together, updating the assessment of the external environment. - FY2023-Q1External Environment UpdateAnnual report
「During the cumulative first quarter, the Japanese economy saw signs of renewed economic activity, including the gradual easing of restrictions on activities related to COVID-19. However, the uncertain outlook persisted amid sharp increases in energy and resource prices due to the unstable global situation, volatility in financial and capital markets, and the rapid depreciation of the yen.」
The easing of activity restrictions and signs of renewed economic activity were presented alongside the uncertain outlook resulting from soaring energy and resource prices, volatility in financial and capital markets, and the rapid depreciation of the yen. - FY2022RestatedAnnual report
「During the fiscal year, the Japanese economy remained in an uncertain environment, with concerns including the impact of COVID-19 variant outbreaks and sharp increases in energy and resource prices stemming from Russia's invasion of Ukraine.」
Variants, the invasion of Ukraine, and soaring energy and resource prices continue to be identified as external uncertainties. - FY2022-Q3First statedAnnual report
「Meanwhile, the outlook remains uncertain due to the emergence and spread of new variants, shortages of energy and other supplies resulting from Russia's invasion of Ukraine, and the rapid depreciation of the yen.」
New COVID-19 variants, shortages of energy and other supplies resulting from Russia's invasion of Ukraine, and the rapid depreciation of the yen are identified as external uncertainties.