Uncertainty in the Economic Environment Due to Concerns Over a Slowdown in China and Emerging Markets, Among Other Factors
First written in FY2017-Q2. 12 of 35 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2022: 146 of 179 companies on the "Worse" side.
- FY2027-H1RestatedAnnual report
「During the six-month period under review, Japan's economy maintained a moderate recovery trend, supported by improving employment and income conditions, although continued price increases weighed on the recovery in personal consumption. In addition, the outlook is expected to remain uncertain due to the impact of U.S. trade policy and instability in domestic and international political conditions.」
While a moderate recovery supported by employment and income conditions continued, uncertainty over the outlook due to continued price increases, U.S. trade policy, and instability in domestic and international political conditions was reaffirmed. - FY2026-H1Additional factors: U.S. trade policy and instability in domestic and international political conditionsAnnual report
「During the six-month period under review, Japan's economy maintained a moderate recovery trend, supported by improving employment and income conditions, although continued price increases weighed on the recovery in personal consumption. In addition, the outlook is expected to remain uncertain due to the impact of U.S. trade policy and instability in domestic and international political conditions.」
While a moderate economic recovery supported by employment and income conditions was indicated, continued price increases, U.S. trade policy, and instability in domestic and international political conditions were added as sources of uncertainty over the outlook. - FY2025-H1Economic recovery, but continued yen depreciation, higher prices and geopolitical risksAnnual report
「During the six-month period under review, Japan's economy showed a gradual recovery, supported by improving employment and income conditions and increased inbound demand. On the other hand, the economic outlook remained uncertain due to continued price increases resulting from the depreciation of the yen and heightened geopolitical risks.」
While improving employment and income conditions and inbound demand indicated a trend toward economic recovery, continued price increases resulting from the depreciation of the yen and geopolitical risks were cited as sources of ongoing uncertainty over the outlook. - FY2024Specific factors identified: conflict in the Middle East, a slowdown in China, and soaring resource pricesAnnual report
「On the other hand, the economic outlook remains uncertain due to soaring resource prices and higher prices resulting from the prolonged conflicts in Ukraine and the Middle East and slower growth in China's economy, as well as sharp movements in exchange rates, raising concerns about an economic downturn.」
In addition to the previously cited situation in Ukraine, soaring resource and energy prices, and higher prices resulting from the depreciation of the yen, the prolonged conflict in the Middle East and slower growth in China's economy were identified as sources of uncertainty. - FY2024-Q3RestatedAnnual report
「However, amid continued increases in raw material and energy prices and higher prices resulting from the depreciation of the yen, the economic environment remains uncertain.」
Continued increases in raw material and energy prices, higher prices resulting from the depreciation of the yen, and an uncertain economic environment were cited. - FY2024-Q2RestatedAnnual report
「On the other hand, amid unstable international conditions, the economic outlook remains uncertain due to persistently high raw material and energy prices and higher prices against the backdrop of the rapid depreciation of the yen.」
While economic activity was gradually normalising and employment and income conditions were improving, uncertainty over the outlook due to international conditions, raw material and energy prices, the depreciation of the yen and higher prices persisted. - FY2024-Q1RestatedAnnual report
「During the cumulative three-month period under review, Japan's economy was facing an uncertain outlook as the number of COVID-19 cases declined and economic and social activity gradually normalised, while the situation in Ukraine accelerated increases in resource and energy prices and the rapid depreciation of the yen drove prices higher.」
While the number of infections declined and economic and social activity gradually normalised, uncertainty over the economic outlook due to the situation in Ukraine, rising resource and energy prices, the rapid depreciation of the yen and higher prices persisted. - FY2023Specific factors identified: new variants, the invasion of Ukraine, soaring resource prices, and sharp movements in share prices and exchange ratesAnnual report
「During the fiscal year under review, the severe conditions caused by the impact of COVID-19 gradually eased and signs of recovery emerged. However, concerns over a renewed spread of infections due to new variants, soaring resource prices and higher prices resulting from Russia's invasion of Ukraine, and sharp movements in share prices and exchange rates raised concerns about an economic downturn, and the economic outlook remained uncertain.」
While the easing of the severe conditions caused by infectious diseases and signs of recovery were indicated, new variants, the invasion of Ukraine, higher resource prices and prices, and sharp movements in share prices and exchange rates emerged as specific sources of economic uncertainty. - FY2023-Q3RestatedAnnual report
「However, amid continued increases in raw material and energy prices and higher prices resulting from the depreciation of the yen, the economic environment remains uncertain.」
Continued increases in raw material and energy prices, higher prices resulting from the depreciation of the yen, and an uncertain economic environment were cited. - FY2023-Q2RestatedAnnual report
「However, the economic outlook remains uncertain due to soaring energy prices resulting from the Ukraine crisis and higher prices caused by the rapid depreciation of the yen.」
Continued uncertainty over the economic outlook was cited due to the situation in Ukraine, soaring energy prices, the rapid depreciation of the yen and higher prices. - FY2023-Q1WorsenedAnnual report
「During the cumulative three-month period under review, Japan's economy was facing an uncertain outlook as economic and social activity gradually normalised following progress in measures to combat COVID-19, while the situation in Ukraine accelerated increases in resource and energy prices and the rapid depreciation of the yen drove prices higher.」
While economic and social activity was gradually normalising as a result of measures to combat infectious diseases, rising resource and energy prices attributable to the situation in Ukraine, the rapid depreciation of the yen and higher prices emerged as specific new sources of uncertainty. - FY2022WorsenedAnnual report
「Although the economic outlook remains uncertain due to the impact of the spread of COVID-19 and the situation in Ukraine, the trend toward reduced spending on spot advertising continues,」
In addition to the previously cited infectious disease and economic uncertainties, the situation in Ukraine was explicitly identified as a source of economic uncertainty. - FY2022-Q3Additional risk of higher prices due to rising crude oil and raw material pricesAnnual report
「During the cumulative nine-month period under review, Japan's economy showed signs of recovery as the number of new COVID-19 cases was brought under control. At the same time, prices rose as crude oil and other raw material prices increased, and the economic outlook remained uncertain.」
While economic recovery driven by the containment of new infections was indicated, rising prices due to higher crude oil and other raw material prices were identified as a new source of uncertainty. - FY2022-Q2Improving infection conditions and recovery expectations, but uncertainty continuesAnnual report
「Although improvements in infection conditions and an economic recovery are expected as the vaccination rate in Japan rises, we recognize that the outlook for the economy will remain uncertain.」
While expectations were expressed for an economic recovery driven by higher vaccination rates and improved infection conditions, uncertainty over the economic outlook persisted. - FY2022-Q1Expectations for vaccination and the risk of variants coexistAnnual report
「Although an end to the COVID-19 pandemic is expected as vaccination progresses, risks from virus variants have also emerged, and we recognize that domestic economic conditions and corporate earnings will remain uncertain.」
While expectations for an end to the pandemic as vaccination progresses were noted, the risk from virus variants was newly specified, and uncertainty about domestic economic conditions and corporate earnings was said to be continuing. - FY2021RestatedAnnual report
「During the current consolidated fiscal year, Japan's economy was affected by restrictions on corporate economic activity, including the cancellation or postponement of various events and functions, due to the global spread of COVID-19. This caused corporate earnings and the employment and income environment to deteriorate. Although the economy temporarily showed signs of recovery from around the autumn of the previous year, when the number of infections declined, the pandemic has not yet subsided and the outlook for the economy remains uncertain.」
Restrictions on economic activity caused by COVID-19 and deterioration in corporate earnings and the employment environment continued, and it was stated that uncertainty about the economic outlook had not been resolved despite a temporary recovery. - FY2021-Q3WorsenedAnnual report
「Following the complete lifting of the state of emergency in May, economic activity began to resume and signs of recovery emerged in personal consumption and corporate production activity. However, as second and third waves of infections occurred, economic activity became dependent on developments in the COVID-19 pandemic. As risks of economic deterioration in Japan and overseas could not be eliminated, we recognize that the outlook for the economy will remain uncertain.」
While the resumption of economic activity and signs of recovery were noted, the second and third waves caused economic activity to depend on developments in the pandemic, and uncertainty about the economic outlook continued. - FY2021-Q2Economic activity resumed after the state of emergency was lifted, but uncertainty continuedAnnual report
「During the second quarter of the current consolidated cumulative period, Japan's economy remained in a severe condition due to the global spread of COVID-19, but economic activity began to resume following the complete lifting of the state of emergency. The new lifestyle, with a focus on infection prevention, gradually took hold, and signs of a recovery in personal consumption and corporate production activity began to emerge. However, as risks of economic deterioration in Japan and overseas could not be eliminated, we recognize that the outlook for the economy will remain uncertain.」
While severe economic conditions caused by COVID-19 continued, the resumption of economic activity after the state of emergency was lifted and signs of recovery in personal consumption and production activity were noted. However, risks of deterioration in Japan and overseas remained, and uncertainty about the outlook continued. - FY2021-Q1MaterialisedAnnual report
「During the first quarter of the current consolidated cumulative period, Japan's economy was in an extremely severe condition, with economic activity restricted and the economy deteriorating rapidly due to the global spread of COVID-19.」
The previously cited uncertainty in the economy and financial markets materialized as restrictions on socioeconomic activity and a rapid economic deterioration caused by the spread of COVID-19. - FY2020-Q3Greater specificity regarding prolonged US-China trade friction, the UK's withdrawal from the EU and heightened tensions in the Middle EastAnnual report
「At the same time, the global economy remained uncertain due to prolonged trade friction between the United States and China, the UK's withdrawal from the EU and heightened tensions in the Middle East, and its impact on the domestic economy through stock market conditions and other channels could no longer be ignored.」
In addition to the previously cited US-China trade friction and the UK's withdrawal from the EU, heightened tensions in the Middle East and the impact on the domestic economy through stock market conditions were identified as factors contributing to uncertainty. - FY2020-Q2Greater specificity regarding uncertainty caused by US-China trade friction, Japan-South Korea tensions and a consumption tax increaseAnnual report
「At the same time, the outlook for the economy remained uncertain due to escalating US-China trade friction, rising tensions between Japan and South Korea, and the psychological impact of an increase in the consumption tax rate.」
In addition to the previous overseas economic and policy-related uncertainty, escalating US-China trade friction, heightened tensions in Japan-South Korea relations and the psychological impact of the consumption tax rate increase were cited as factors contributing to economic uncertainty. - FY2020-Q1Greater specificity regarding the Chinese economy, policy uncertainty and political riskAnnual report
「During the first quarter of the current consolidated cumulative period, Japan's economy remained on a moderate recovery trend, supported by solid corporate earnings, capital investment and improvements in the employment and income environment. However, concerns over overseas economic conditions, including the outlook for the Chinese economy, policy-related uncertainty and political risk kept the outlook for the economy uncertain.」
The outlook for the Chinese economy, overseas economic conditions, policy uncertainty and political risk were cited as factors contributing to uncertainty about the economic outlook, replacing the previously cited trade friction and conditions in Europe. - FY2019RestatedAnnual report
「At the same time, the global economy remained uncertain due to prolonged trade friction between the United States and China and instability in Europe, and its impact on the domestic economy through stock market conditions and other channels could no longer be ignored.」
Prolonged US-China trade friction, instability in Europe and the impact on the domestic economy through stock market conditions were identified as factors contributing to uncertainty in the economic environment, following the previous quarter. - FY2019-Q3Greater specificity regarding prolonged US-China trade friction and instability in EuropeAnnual report
「During the third quarter of the current consolidated cumulative period, Japan's economy was on a moderate recovery trend, supported by improvements in corporate earnings and employment conditions. At the same time, the global economy remained uncertain due to prolonged trade friction between the United States and China and instability in Europe, and its impact on the domestic economy through stock market conditions and other channels could no longer be ignored.」
The uncertainty previously attributed to trade friction was described as prolonged friction between the United States and China, with instability in Europe and the impact on the domestic economy through stock market conditions also newly noted. - FY2019-Q2WorsenedAnnual report
「During the second quarter of the current consolidated cumulative period, Japan's economy showed bright signs, including improvements in corporate earnings and the employment environment, but the outlook for the economy remained uncertain due to escalating international trade friction and rising crude oil prices.」
The previously cited uncertainty caused by trade friction and higher crude oil prices was described more specifically as intensified international trade friction and rising crude oil prices, indicating stronger concerns. - FY2019-Q1Greater specificity regarding uncertainty caused by higher crude oil prices and trade frictionAnnual report
「However, the outlook for the economy remained uncertain due to soaring crude oil prices and trade friction between countries.」
In addition to the previously cited international conditions, foreign exchange rates and emerging-market economies, soaring crude oil prices and trade friction between countries were identified as factors contributing to uncertainty about the economic outlook. - FY2018Greater specificity regarding uncertainty caused by international conditions and yen appreciationAnnual report
「At the same time, uncertainty about the outlook remained unresolved, as instability in international conditions and yen appreciation stemming from a decline in the US stock market, among other factors, worsened corporate earnings.」
In addition to the previous uncertainties concerning emerging markets, policy and financial markets, instability in international conditions and yen appreciation were cited as factors contributing to continued uncertainty about the outlook by worsening corporate earnings. - FY2018-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, Japan's economy showed some bright signs, including improvements in employment conditions, but the outlook for the domestic economy remained uncertain, requiring attention to the outlook for emerging-market economies, the effects of policy-related uncertainty and volatility in the financial and capital markets.」
The outlook for the domestic economy was described as remaining uncertain against the backdrop of the outlook for emerging-market economies, policy uncertainty and volatility in the financial and capital markets. - FY2018-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, Japan's economy showed some bright signs, including improvements in the employment environment, but uncertainty continued due to the outlook for economies in China and other emerging markets and the effects of policy-related uncertainty.」
The outlook for the economy was described as remaining uncertain against the backdrop of uncertainty over the outlook for the Chinese and other emerging-market economies and policy. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, Japan's economy remained on a moderate recovery trend, supported by a recovery in personal consumption and improvements in employment conditions, but the outlook for the economy remained uncertain due to the outlook for emerging-market and resource-producing economies and the effects of policy-related uncertainty.」
The outlook for the economy was described as remaining uncertain against the backdrop of uncertainty over the outlook for emerging-market and resource-producing economies and policy. - FY2017RestatedAnnual report
「However, the slowdown in the Chinese and emerging-market economies and the UK's withdrawal from the EU overseas, as well as sluggish personal consumption domestically, continued, and the outlook remained uncertain.」
Uncertainty about the outlook continued throughout the fiscal year due to the slowdown in the Chinese and emerging-market economies, the UK's withdrawal from the EU and sluggish personal consumption. - FY2017-Q3WorsenedAnnual report
「The outlook for the domestic economy remained uncertain due to growing uncertainty in overseas economies, including economic slowdowns in emerging and resource-producing countries and the UK's withdrawal from the EU, as well as sharp fluctuations in foreign exchange rates.」
The slowdown in emerging and resource-producing economies, growing uncertainty in overseas economies and sharp fluctuations in foreign exchange rates were identified, providing a more specific description of the uncertainty in the economic environment. - FY2017-Q2First statedAnnual report
「Although some bright signs, such as an improvement in the employment environment, were visible, volatility emerged in the economic and financial markets due to concerns over a slowdown in the Chinese and emerging-market economies and the UK's withdrawal from the EU, and uncertainty continued.」
Market volatility and an uncertain economic environment were described against the backdrop of concerns over a slowdown in the Chinese and emerging-market economies and the UK's withdrawal from the EU.