Increased uncertainty in customers’ business environments due to the Noto Peninsula Earthquake, the 2024 problem and other factors
First written in FY2024-Q2. 2 of 6 entries say "Worsened", first in FY2024. Latest entry: 2026-10-14.
U-Next Holdings moved to the "Worse" side of this theme in 2026, 6 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 24 of 31 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- FY2026-H1WorsenedAnnual report
「During the interim consolidated accounting period, corporate earnings showed signs of recovery amid tariff policies, continued yen depreciation, rising prices and expanding inbound demand. However, the emergence of geopolitical risks affecting global energy issues has created an extremely difficult environment in which the scale and duration of their future impact on the business cannot realistically be predicted.」
The Company states that the emergence of geopolitical risks affecting global energy issues has made it difficult to predict the scale and duration of their impact as sources of uncertainty surrounding customers and the business environment. - FY2025RestatedAnnual report
「During the consolidated fiscal year, the economy showed signs of recovery due to improvements in corporate earnings, employment and income conditions, and increased inbound demand. However, the environment surrounding the Company’s customers remains severe due to various issues, including disruption caused by the tariff policies pursued by the US Trump administration, frequent natural disasters caused by record extreme weather, rice shortages, rising prices and severe labor shortages.」
The Company states that recovery factors, including inbound demand, coexist with sources of uncertainty such as tariff policies, extreme weather, rising prices and labor shortages in customers’ business environment. - FY2024WorsenedAnnual report
「The environment surrounding the Company’s customers remains uncertain due to various issues, including the 2024 Noto Peninsula Earthquake, frequent natural disasters caused by record extreme weather, rice shortages, rising prices, sharp fluctuations in foreign exchange rates and share prices, severe labor shortages typified by the “2024 problem,” and overtourism resulting from the increase in inbound visitors.」
The Company has added the Noto Peninsula Earthquake, extreme weather, rice shortages, fluctuations in foreign exchange rates and share prices, and overtourism as sources of uncertainty in customers’ business environment. - FY2024-Q2First statedAnnual report
「Meanwhile, the business environment surrounding the Company’s customers has become increasingly uncertain due to the impact of the 2024 Noto Peninsula Earthquake, rising prices and severe labor shortages, as well as responses to various effects arising from the so-called “2024 problem,” including the expected issues resulting from restrictions on overtime hours for motor vehicle driving operations from 1 April 2024 under the laws related to work-style reform.」
In its analysis of business performance, the Company identifies the impact of the Noto Peninsula Earthquake and the “2024 problem” associated with restrictions on overtime hours for motor vehicle driving operations from April 2024 as new sources of uncertainty surrounding customers.