Downside risks to economic activity from monetary tightening, geopolitical developments and volatility in financial and capital markets
First written in FY2024-Q3. 4 of 9 entries say "Worsened", first in FY2025. Latest entry: FY2026.
Nisso Holdings moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 25 of 36 companies on the "Worse" side.
37 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Uncertainty that could affect business activities is also increasing, including heightened geopolitical risks stemming from US tariff measures and developments in the Middle East, leaving the outlook uncertain.」
The company describes US tariff measures and heightened geopolitical risks, including developments in the Middle East, as sources of uncertainty in the business environment. - FY2026-H1RestatedAnnual report
「Although improvements in the employment and income environment are expected to support a gradual recovery going forward, close attention must be paid to the risk that the impact of US trade policy and persistent price increases will affect personal consumption and weigh on the economy.」
The company continues to describe downside economic risks from US trade policy and price increases. It states that there have been no material changes in business and other risks from the previous fiscal year. - FY2025WorsenedAnnual report
「In addition to the increasing risk of an economic downturn resulting from the impact of US trade policy, persistent price increases are becoming a risk that could weigh on Japan's domestic economy.」
In addition to the previous uncertainty surrounding overseas economies, geopolitical conditions and financial markets, the company describes downside economic factors from US trade policy and persistent price increases. - FY2025-H1RestatedAnnual report
「A gradual recovery is expected to continue going forward, but downside risks in overseas economies, including concerns about the outlook for the US, European and Chinese economies, remain a risk.」
Concerns about downside risks in overseas economies continue to be described as a business-environment risk. - FY2024RestatedAnnual report
「At the same time, the effects of global monetary tightening, concerns about the outlook for the Chinese economy and developments in the Middle East could heighten uncertainty about the outlook, and close attention must continue to be paid to the effects of volatility in financial and capital markets.」
The company reiterates external-environment risks from monetary tightening, geopolitical conditions and financial and capital market volatility. - FY2024-Q3First statedAnnual report
「At the same time, close attention must be paid to risks of a downturn in Japan's economy from the effects of global monetary tightening, developments in the Middle East and volatility in financial and capital markets.」
These factors are described as external-environment risks, but this filing does not characterize them as newly arising risks.