Uncertainty Surrounding the Economy, Geopolitics and Crude Oil Prices
First written in FY2016. 18 of 34 entries say "Restated". Latest entry: 2026-10-30.
The whole theme swung hardest in 2022: 159 of 183 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「During the consolidated fiscal year, prices remained high. Automobile production, a key industry, remained flat, but concerns about rising crude oil prices due to the situation in the Middle East were significant, and the impact on related industries constitutes a downside risk to the economy going forward. Overseas developments and foreign exchange rates will also require monitoring, and the outlook remains uncertain.」
The company identifies high prices, concerns about rising crude oil prices due to the situation in the Middle East, flat automobile production, overseas developments and foreign exchange movements as factors contributing to an uncertain outlook. - FY2026-H1RestatedAnnual report
「During the current interim consolidated accounting period, spending by inbound visitors increased due to foreign exchange movements and prices, while the number of new housing starts, a leading indicator of the economy, declined from the previous year. It will also remain necessary to monitor the impact of U.S. policies and the conflict in the Middle East, and the outlook remains uncertain.」
The company reiterates foreign exchange movements and prices, the decline in new housing starts, U.S. policies and the conflict in the Middle East as factors contributing to an uncertain outlook. - FY2025WorsenedAnnual report
「During the consolidated fiscal year, the Japanese economy benefited from an increase in inbound visitors, while prices continued to rise and the number of corporate bankruptcies also increased. Overseas, conflicts continued in Ukraine and the Middle East, and the Chinese economy continued to slow. There are also concerns about the impact of the trade war originating in the United States. Geopolitical risks, tariff policy developments, interest rates and foreign exchange movements will require continued monitoring, and the outlook remains uncertain.」
In addition to the existing concerns regarding geopolitical conditions, overseas economies and monetary policy, the company identifies the trade war, tariff policy and the increase in corporate bankruptcies as factors contributing to uncertainty. - FY2025-H1RestatedAnnual report
「Going forward, it will be necessary to monitor political developments in the United States, the Chinese economy and conflicts in Eastern Europe and the Middle East, and the outlook remains uncertain.」
The company continues to identify political developments in the United States, the Chinese economy and conflicts in Eastern Europe and the Middle East as factors contributing to an uncertain outlook. - FY2024WorsenedAnnual report
「It will remain necessary to monitor geopolitical risks in the United States, China, Russia and the Middle East, developments in overseas economies and monetary policy, and the outlook remains uncertain.」
In addition to its existing concerns regarding overseas conditions and monetary policy, the company identifies geopolitical risks specifically in the United States, China, Russia and the Middle East. - FY2024-Q3WorsenedAnnual report
「During the third quarter of the current consolidated cumulative period, social and economic activity in Japan continued to normalize following the change in the classification of COVID-19, and the economy showed signs of recovery due in part to an increase in inbound visitors. However, prices remained high and the number of corporate bankruptcies increased. Close monitoring of foreign exchange movements, monetary policy and overseas economies will remain necessary, and the outlook remains uncertain.」
While identifying the normalization of social and economic activity and the increase in inbound visitors as factors supporting recovery, the company describes the increase in corporate bankruptcies, high prices, and uncertainty caused by foreign exchange movements, monetary policy and overseas economies. - FY2024-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, Japan showed signs of economic recovery as economic activity normalized and the number of inbound visitors increased. Meanwhile, prices remained high, requiring close monitoring of foreign exchange movements, monetary policy and overseas economies, and the outlook remained uncertain.」
While describing signs of recovery due to the normalization of economic activity and the increase in inbound visitors, the company continues to describe high prices, foreign exchange movements, monetary policy and overseas economies as sources of an uncertain outlook. - FY2024-Q1Economic recovery alongside uncertainty over prices, foreign exchange and monetary policyAnnual report
「During the first quarter of the current consolidated cumulative period, Japan showed signs of economic recovery due to the change in the legal classification of COVID-19 and an increase in the number of inbound visitors. Meanwhile, prices remained high, requiring close monitoring of foreign exchange movements and monetary policy, and the outlook remained uncertain.」
While describing signs of economic recovery due to the change in the legal classification of COVID-19 and the increase in inbound visitors, the company identifies high prices, foreign exchange movements and monetary policy as factors contributing to an uncertain outlook. - FY2023RestatedAnnual report
「Regarding the outlook for the Japanese economy, there is a risk of a severe impact on the economy depending on overseas conditions, monetary policy and the extent of price increases, and these factors require close monitoring.」
The company continues to describe uncertainty in the economic environment caused by overseas conditions, monetary policy and rising prices. - FY2023-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, economic activity resumed toward recovery from the impact of COVID-19, but the outlook remained uncertain because the number of infections increased and prices rose amid foreign exchange fluctuations.」
While describing the resumption of economic activity, the company continues to describe an uncertain outlook due to the increase in infections, rising prices and foreign exchange fluctuations. - FY2023-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, Japan showed signs of moving toward the resumption of economic activity as the spread of infections by new COVID-19 variants subsided. However, the outlook remained uncertain because concerns about a resurgence of infections persisted and prices were rising owing to the situation in Ukraine and foreign exchange movements.」
While describing the subsiding spread of infections and signs of a resumption of economic activity, the company continues to describe concerns about a resurgence of infections, the situation in Ukraine, price increases caused by foreign exchange movements and an uncertain outlook. - FY2023-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, Japan showed signs of moving toward the resumption of economic activity while the impact of COVID-19 continued. However, the outlook remained uncertain because resource prices were rising amid concerns about a resurgence of infections and the situation in Ukraine.」
While noting signs of a resumption of economic activity, the company continues to describe an uncertain outlook, including concerns about a resurgence of infections and rising resource prices due to the situation in Ukraine and elsewhere. - FY2022WorsenedAnnual report
「Regarding the outlook for the Japanese economy, there is concern that the spread of COVID-19 will depress economic activity. Depending on developments in the global situation, particularly in Ukraine, the Japanese economy could also be severely affected.」
In addition to the existing uncertainty caused by the pandemic, the company describes concerns about the impact of the global situation, including the situation in Ukraine, on the economy. - FY2022-Q3WorsenedAnnual report
「During the third quarter of the current consolidated cumulative period, no end to COVID-19 was in sight, and the outlook remained uncertain, partly because new variants had emerged.」
In addition to the lack of visibility on the end of the pandemic, the company adds the emergence of new variants as a factor contributing to uncertainty. - FY2022-Q2WorsenedAnnual report
「During the second quarter of the current consolidated cumulative period, the Japanese economy was showing signs of recovery as production and exports increased gradually, but the outlook remained uncertain because the impact of the spread of COVID-19 was prolonged.」
While describing a recovery in production and exports, the company states that the outlook remains uncertain because the impact of COVID-19 has been prolonged. - FY2022-Q1WorsenedAnnual report
「During the first quarter of the current consolidated cumulative period, economic activity in Japan remained under severe conditions because the spread of COVID-19 led to the implementation in April of priority preventive measures and a state of emergency, mainly in major cities.」
The company identifies the resurgence of COVID-19 and the implementation of priority preventive measures and a state of emergency as factors worsening the economic environment. - FY2021-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, economic activity in Japan declined amid the spread of COVID-19. The increase in infections remained uncontrolled, and the outlook remained uncertain.」
The company continues to describe the decline in economic activity, the continuing increase in infections and the uncertain outlook from the previous quarter. - FY2021-Q2WorsenedAnnual report
「During the second quarter of the current consolidated cumulative period, economic activity in Japan declined amid the spread of COVID-19. The increase in infections has not been brought under control, and the future of the economy remains uncertain.」
The company describes the decline in economic activity and the failure to contain the increase in infections, providing further detail than in the previous quarter on the uncertainty in the economic environment caused by COVID-19. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current consolidated cumulative period, economic activity in Japan continued to decline because of the spread of COVID-19, with marked declines in exports and production. The global economy remained sluggish overall, and the outlook remained uncertain.」
Regarding the impact of COVID-19, which has been described since the previous fiscal year, the company states that declines in economic activity, exports and production, and the sluggish global economy have continued. - FY2020WorsenedAnnual report
「Regarding the outlook for the Japanese economy, the decline in consumption caused by the spread of COVID-19 remains a concern. The economic benefits expected from inbound visitors have also been postponed following the postponement of the Tokyo Olympic and Paralympic Games, leaving the outlook uncertain.」
In addition to the existing concerns regarding overseas economies and trade issues, the company adds the decline in consumption caused by the spread of COVID-19 and the postponement of the economic benefits from the delayed Tokyo Olympic and Paralympic Games as concerns. - FY2020-Q3Added the consumption tax rate increase and weakness in exportsAnnual report
「During the third quarter of the current consolidated cumulative period, the Japanese economy showed declines in personal consumption due to the consumption tax rate increase and weakness in exports, although the low unemployment rate was maintained. However, the outlook remains uncertain because of the uncertain impact of developments in trade friction between the United States and China and between Japan and South Korea, as well as heightened tensions in the Middle East.」
In addition to the existing uncertainty stemming from trade friction and the situation in the Middle East, the company identifies declining personal consumption due to the consumption tax rate increase and weakness in exports as factors affecting the economic environment. - FY2020-Q2WorsenedAnnual report
「During the second quarter of the current consolidated cumulative period, the Japanese economy continued to recover gradually against a backdrop of steady improvement in employment, although weakness was evident mainly in exports. However, the outlook remains uncertain because of the uncertain impact of intensifying trade friction between the United States and China and between Japan and South Korea, as well as heightened tensions in the Middle East.」
In addition to the existing uncertainty surrounding overseas economies and trade issues, the company specifically describes intensifying trade friction between the United States and China and between Japan and South Korea, and heightened tensions in the Middle East, broadening the factors contributing to an uncertain outlook. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, the Japanese economy showed signs of increased corporate capital investment and a recovery in personal consumption. However, the outlook remains uncertain because of the uncertain impact of the slowdown in the Chinese economy, trade issues among various countries and policy developments.」
The company continues to identify the slowdown in the Chinese economy, trade issues and policy developments in various countries as sources of an uncertain outlook. - FY2019WorsenedAnnual report
「However, the outlook remains uncertain because of the uncertain impact of the slowdown in the Chinese economy, trade issues and policy developments in various countries.」
In addition to the existing uncertainty in overseas economies, the company lists the slowdown in the Chinese economy, trade issues and policy developments in various countries as specific concerns. - FY2019-Q3RestatedAnnual report
「However, the outlook remains uncertain because of the uncertain impact of overseas economies.」
The company continues to identify uncertainty in overseas economies and an uncertain outlook as risks in the business environment. - FY2019-Q2RestatedAnnual report
「However, the outlook remains uncertain because of the uncertain impact of overseas economies.」
The company continues to identify uncertainty in overseas economies and an uncertain outlook as risks in the business environment. - FY2019-Q1RestatedAnnual report
「However, the outlook remains uncertain because of the uncertain impact of overseas economies.」
The company continues to identify uncertainty in overseas economies and an uncertain outlook as risks in the business environment. - FY2018RestatedAnnual report
「However, there are many concerns, including geopolitical risks and the United States' increasing protectionism, and the outlook remains uncertain.」
The company identifies geopolitical risks, protectionism in the United States and an uncertain outlook as risks in the business environment. - FY2017RestatedAnnual report
「It was also a year in which uncertainty in the business environment increased further, owing to rising risks including terrorism in Europe and the Middle East, the impact of higher interest rates in the United States, and uncertain political conditions in advanced economies.」
The company continues to identify geopolitical risks, higher interest rates in the United States and political conditions in advanced economies as sources of economic and geopolitical uncertainty. - FY2016First statedAnnual report
「It was a year in which uncertainty in the business environment increased further, owing to rising geopolitical risks including terrorism, the impact of higher interest rates in the United States, and fluctuations in crude oil prices.」
The company identifies geopolitical risks, higher interest rates in the United States and crude oil price fluctuations as sources of uncertainty in the business environment.