Uncertainty Over the Economic Outlook and Corporate Earnings from Geopolitical Conditions, Yen Depreciation and Surging Resource Prices
First written in FY2023-Q1. 9 of 10 entries say "Restated". Latest entry: 2026-08-07.
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
- 2026-08-07RestatedFinancial results
「At the same time, we need to continue monitoring the situation in the Middle East, and the outlook remains uncertain due to factors including volatility in the financial and capital markets.」
The company stated that uncertainty about the outlook persists, citing the situation in the Middle East and volatility in the financial and capital markets. - FY2026-H1RestatedAnnual report
「Meanwhile, the outlook remains uncertain amid escalating tensions in the Middle East, fluctuations in financial and capital markets, and developments in trade policies overseas.」
The company cites the Middle East situation, financial and capital market volatility and overseas trade policies as specific sources of continuing economic uncertainty. - FY2025RestatedAnnual report
「Meanwhile, the economic environment remains highly uncertain, including the risk of an economic downturn resulting from the impact of US trade policy, the impact on personal consumption of declining consumer sentiment caused by continued inflation, and fluctuations in financial and capital markets.」
Uncertainty relating to international conditions, US trade policy, higher prices and financial-market volatility continues to be disclosed. - FY2025-H1RestatedAnnual report
「During the interim accounting period, Japan’s economy continued to show signs of recovery in social and economic activity, including expanded inbound tourism demand. At the same time, stock and foreign-exchange markets remained uncertain because of prolonged international conflicts and concerns over the tariff policies of the US President, Donald Trump.」
Prolonged international conflicts and concerns over US tariff policies are cited as new examples, while uncertainty in the outlook for stock and foreign-exchange markets continues. - FY2024-Q2RestatedAnnual report
「Meanwhile, uncertainty continues as geopolitical risks, including escalating tensions in the Middle East, and price increases resulting from exchange-rate fluctuations persist.」
The previous uncertainty from geopolitical conditions, exchange rates and higher prices continues. Escalating tensions in the Middle East and price increases from exchange-rate fluctuations are cited as specific examples, with no material changes to business risks stated. - FY2024-Q1RestatedAnnual report
「At the same time, uncertainty continues regarding the outlook for the domestic economy and the impact on corporate earnings of prolonged instability in the global situation and inflationary pressure from higher resource and raw material prices.」
Uncertainty from global instability, higher resource and raw material prices and inflationary pressure continues to be disclosed. - FY2023RestatedAnnual report
「Uncertainty continues regarding the outlook for the domestic economy and the impact on corporate earnings of the prolonged Russia-Ukraine situation, failures of US financial institutions, and inflationary pressure from higher resource and raw material prices.」
Uncertainty relating to geopolitical conditions, financial institutions and resource and raw material prices continues. - FY2023-Q3RestatedAnnual report
「At the same time, uncertainty continues regarding the outlook for the domestic economy and the impact on corporate earnings of the prolonged Russia-Ukraine situation, failures of US financial institutions, and inflationary pressure from higher resource and raw material prices.」
Uncertainty for the domestic economy and corporate earnings from geopolitical conditions, financial institution failures and higher resource and raw material prices continues. - FY2023-Q2RestatedAnnual report
「At the same time, uncertainty continues regarding the outlook for the domestic economy and the impact on corporate earnings of the prolonged Russia-Ukraine situation, failures of US financial institutions, and inflationary pressure from higher resource and raw material prices.」
Uncertainty from geopolitical conditions and higher resource and raw material prices continues, with failures of US financial institutions added as a specific factor. - FY2023-Q1First statedAnnual report
「At the same time, uncertainty continues regarding the outlook for the domestic economy and the impact on corporate earnings of the prolonged Russia-Ukraine situation, rapid yen depreciation, and inflationary pressure from higher resource and raw material prices.」
The analysis of results identifies geopolitical conditions, yen depreciation and higher resource and raw material prices as sources of uncertainty for the domestic economy and corporate earnings for the first time. No material changes to existing risks are stated in the business risks section.