Economic downside risk from U.S. trade policy, inflation and financial and capital market volatility
First written in FY2026-H1. 1 of 3 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
- FY2026Addition of factors that could cause an economic downturn, including the situation in the Middle EastAnnual report
「During the current consolidated fiscal year, the Japanese economy continued to recover moderately, centered on domestic demand, despite the headwind of higher U.S. tariffs. Although improvements in employment and income conditions and the effects of various policies are expected to support a gradual recovery, the impact of the situation in the Middle East requires close monitoring. Attention is also required regarding the effects of volatility in financial and capital markets and developments concerning U.S. trade policy.」
The company has explicitly identified the situation in the Middle East, in addition to U.S. trade policy, prices and financial and capital markets, as a source of uncertainty for the economy and business environment. - 2026-05-14RestatedEarnings
「Attention must also be paid to the impact of fluctuations in financial and capital markets and developments concerning U.S. trade policy.」
Fluctuations in financial and capital markets and U.S. trade policy were reconfirmed as factors requiring attention in the economic environment. - FY2026-H1First statedAnnual report
「Although improvements in employment and income conditions and the effects of various policies are expected to support a gradual economic recovery, attention is required regarding the risk of an economic downturn resulting from the impact of U.S. trade policy. In addition, continued price increases could put downward pressure on the economy through their impact on personal consumption, including a deterioration in consumer sentiment. Continued attention is also required regarding the effects of volatility in financial and capital markets and other factors.」
The company has newly identified U.S. trade policy, downward pressure on personal consumption from rising prices, and volatility in financial and capital markets as factors that could cause an economic downturn.