Risk of Economic Uncertainty from Heightened International Tensions, Yen Depreciation, and Surging Raw Material and Energy Prices
First written in FY2023-Q1. 4 of 8 entries say "Restated". Latest entry: 2026-08-14.
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
- 2026-08-14WorsenedOccurring Fact
「In addition to fluctuations in foreign exchange rates and persistently high import prices, there are many factors of concern that could put pressure on corporate earnings, including the risk of higher interest rates accompanying the normalization of the Bank of Japan's monetary policy and uncertainty in overseas economies against a backdrop of geopolitical risks. The outlook for the economy therefore remains uncertain.」
In addition to the previously cited foreign exchange and price factors, the company explicitly identifies the risk of higher interest rates and uncertainty in overseas economies against a backdrop of geopolitical risks. - FY2026-H1WorsenedAnnual report
「The yen continues to depreciate, keeping import prices and energy costs high and prolonging cost-push inflation. In addition, concerns over a slowdown in overseas economies and changes in the trade and tariff environment are weighing on the economic outlook. Although domestic demand is showing signs of recovery, the pace remains gradual. The logistics industry also continues to face a challenging operating environment, with labor shortages persisting in addition to higher costs such as labor and fuel expenses.」
In addition to the previously identified yen depreciation and surging raw material and energy prices, concerns over a slowdown in overseas economies, changes in the trade and tariff environment, higher labor and fuel costs, and labor shortages are described as external environmental factors. - FY2024-Q3RestatedAnnual report
「Meanwhile, the economic outlook remains uncertain due to surging raw material and energy prices resulting from deteriorating international conditions and other factors, as well as rising prices caused by yen depreciation.」
While referring to the normalization of economic activity and the trend toward economic recovery, the Company reconfirms uncertainty arising from international conditions, raw material and energy prices, and yen depreciation. - FY2024-Q2RestatedAnnual report
「Meanwhile, the economic outlook remains uncertain due to surging raw material and energy prices resulting from the prolonged situation in Ukraine and other factors, as well as rising prices caused by yen depreciation.」
While economic activity is normalizing, the Company reconfirms the prolonged Ukraine situation, surging raw material and energy prices, and price increases caused by yen depreciation as factors contributing to economic uncertainty. - FY2024-Q1RestatedAnnual report
「Meanwhile, the economic outlook remains uncertain due to surging raw material and energy prices resulting from the prolonged situation in Ukraine and other factors, as well as rising prices caused by yen depreciation.」
While economic activity is normalizing, the Company reconfirms the prolonged Ukraine situation, surging raw material and energy prices, and price increases caused by yen depreciation as factors contributing to economic uncertainty. - FY2023-Q3WorsenedAnnual report
「During the cumulative third-quarter period (1 April 2022–31 December 2022), Japan's economy was beginning to recover against the backdrop of the resumption of economic activity as lifestyles adapted to living with COVID-19 took hold. However, the outlook remained uncertain due to the renewed spread of infections in the eighth wave, a global rise in raw material costs stemming from the situation in Ukraine, higher import prices caused by the sharp depreciation of the yen, and a slowdown in overseas economies.」
In addition to the previously identified infection trends, the Russia-Ukraine situation, yen depreciation, and surging raw material and energy prices, the Company explicitly identifies the resurgence of infections due to the eighth wave and the slowdown in overseas economies, indicating that the factors contributing to uncertainty in the external environment have broadened. - FY2023-Q2RestatedAnnual report
「During the cumulative second-quarter period (1 April 2022 to 30 September 2022), Japan’s economy began moving toward the normalization of socioeconomic activity as restrictions were eased through measures to prevent the spread of COVID-19. However, the economic outlook remained uncertain as the continuing cycle of infection expansion and containment was compounded by the prolonged Russia-Ukraine situation and surging energy and raw material prices resulting from the rapid depreciation of the yen.」
While referring to the easing of activity restrictions and progress toward normalization, the Company reconfirms uncertainty arising from infection trends, the prolonged Russia-Ukraine situation, yen depreciation, and surging energy and raw material prices. - FY2023-Q1First statedAnnual report
「In addition to heightened international tensions, including Russia’s invasion of Ukraine, the rapid depreciation of the yen and surging raw material and energy prices have compounded one another, and the outlook for the economy remains uncertain.」
The external environment, marked by heightened international tensions, rapid yen depreciation, and surging raw material and energy prices, is described for the first time as a factor contributing to uncertainty over the economic outlook.