Uncertainty over the outlook due to the overseas economic slowdown and the UK's withdrawal from the EU
First written in FY2017-Q2. 16 of 33 entries say "Worsened", first in FY2017-Q3. Latest entry: FY2027-H1.
Forval RealStraight moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).
The whole theme swung hardest in 2022: 77 of 89 companies on the "Worse" side.
11 other companies' latest entry also says "Other".
- FY2027-H1Update to Uncertainty FactorsAnnual report
「During the interim consolidated accounting period, Japan's economy continued to recover gradually, supported by improvements in employment and income conditions. However, the outlook remained uncertain due to rising prices, fluctuations in foreign exchange markets and geopolitical risks, including those in the Middle East.」
The Company referred to improvements in employment and income conditions and a gradual recovery trend, while citing rising prices, foreign exchange market fluctuations and geopolitical risks, particularly in the Middle East, as factors contributing to the uncertainty. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, Japan's economy showed gradual improvement in employment and income conditions and a recovery in inbound tourism demand. However, the outlook remains uncertain due to rising prices, persistently high raw material and energy costs, yen depreciation and geopolitical risks.」
While noting improvements in employment and income conditions and inbound tourism demand, the disclosure continues to cite uncertainty over the outlook due to prices, raw material and energy costs, yen depreciation and geopolitical risks. - FY2025-H1WorsenedAnnual report
「During the interim accounting period, Japan's economic environment underwent changes, including the Bank of Japan's decision to raise interest rates and the yen moving temporarily toward appreciation from July after a period of yen depreciation. In addition, persistently high raw material costs and rising personnel expenses due to labor shortages continue to weigh on corporate earnings, and the outlook remains uncertain.」
The disclosure identifies the Bank of Japan's interest-rate decision, foreign exchange fluctuations, persistently high raw material costs and rising personnel expenses due to labor shortages as new factors contributing to uncertainty, and states that they are weighing on corporate earnings. - FY2024Update to Uncertainty FactorsAnnual report
「During the fiscal year under review, Japan's economy showed signs of recovery as economic activity returned to normal following the reclassification of COVID-19 as a Class 5 disease, with inbound tourism demand also recovering. However, the outlook remains uncertain due to instability in the international situation, rising prices across the board and sharp fluctuations in foreign exchange rates.」
While noting the normalization of economic activity and the trend toward economic recovery, the disclosure identifies instability in the international situation, rising prices and foreign exchange fluctuations as factors contributing to uncertainty. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter period, social and economic activity in Japan normalized following the reclassification of COVID-19 as a Class 5 infectious disease. However, the outlook remained uncertain due to soaring energy and raw material prices resulting from the prolonged situation in Ukraine and other factors.」
While referring to the normalization of social and economic activity, the company continued to state that the outlook was uncertain due to the prolonged situation in Ukraine and soaring energy and raw material prices. - FY2024-Q2Financial market volatility and inflation among the factors citedAnnual report
「During the cumulative second quarter period, Japan's economy remained uncertain despite progress toward the normalization of social and economic activity following the easing of COVID-19 restrictions, due to the impact of heightened global tensions, volatility in financial and capital markets, inflation and other factors.」
While referring to progress toward the normalization of social and economic activity, the company newly cited heightened global tensions, volatility in financial and capital markets, and inflation as sources of uncertainty. - FY2024-Q1SoftenedAnnual report
「During the cumulative first quarter period, Japan's economy saw economic and social activity normalize following the reclassification of COVID-19 as a Class 5 infectious disease, and both personal consumption and corporate earnings showed a moderate recovery. However, the outlook remained uncertain due to concerns over an economic downturn caused by the prolonged situation in Ukraine, yen depreciation against the US dollar, and soaring resource prices.」
While describing the normalization of economic and social activity and the recovery in personal consumption and corporate earnings following the reclassification of COVID-19 as a Class 5 infectious disease, the company continued to state that the outlook was uncertain due to the situation in Ukraine, yen depreciation against the US dollar, and soaring resource prices. - FY2023RestatedAnnual report
「During the fiscal year, Japan's economy remained uncertain despite the gradual return of economic activity to normal as various COVID-19-related restrictions were eased, due to heightened geopolitical risks including the prolonged Russian invasion of Ukraine and soaring prices generally.」
While referring to the normalization of economic activity, the company continued to state that the outlook was uncertain due to geopolitical risks such as the situation in Ukraine and soaring prices. - FY2023-Q3WorsenedAnnual report
「During the cumulative third quarter period, Japan's economy gradually moved toward the normalization of social and economic activity despite the spread of COVID-19 continuing to increase. However, the outlook remained uncertain due to higher energy and raw material prices resulting from prolonged geopolitical risks, as well as the impact of the rapid depreciation of the yen.」
While referring to the normalization of social and economic activity, the company newly identified prolonged geopolitical risks and higher energy and raw material prices, and stated that uncertainty over the outlook continued alongside the rapid depreciation of the yen. - FY2023-Q2WorsenedAnnual report
「During the cumulative second quarter period, Japan's economy remained uncertain as the impact of the prolonged spread of COVID-19 continued, despite gradual progress toward the normalization of social and economic activity. Inflation became pronounced due to soaring raw material prices and price increases accompanying the rapid depreciation of the yen.」
While referring to progress toward the normalization of social and economic activity, the company expressly identified soaring raw material prices, the rapid depreciation of the yen, and inflation as new sources of uncertainty. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter period, Japan's economy saw expectations for a recovery increase as restrictions associated with the spread of COVID-19 were eased and economic activity moved toward normalization, with signs of a recovery in personal consumption as well as corporate earnings and employment conditions. However, the economy remained in an extremely uncertain condition due to concerns over a downturn caused by a resurgence of infections, the prolonged situation in Ukraine, and inflation resulting from the yen's depreciation.」
While describing the normalization of economic activity and expectations for an economic recovery, the company cited a resurgence of infections, the prolonged situation in Ukraine, and inflation resulting from the yen's depreciation as new concerns, and described conditions as extremely uncertain. - FY2022WorsenedAnnual report
「During the fiscal year, Japan's economy remained uncertain as the normalization of economic activity was delayed by the resurgence of COVID-19, while Russia's invasion of Ukraine led to further increases in raw material and other costs.」
The company expressly identified the resurgence of COVID-19, Russia's invasion of Ukraine, and increases in raw material and other costs as new sources of uncertainty. - FY2022-Q3WorsenedAnnual report
「During the cumulative third quarter period, signs of recovery were seen in domestic economic activity alongside progress in vaccinations and a decline in new cases. However, the outlook remained uncertain and unpredictable due to the impact of a resurgence in infections caused by new variants.」
While describing signs of recovery due to vaccinations and a decline in new cases, the company stated that the outlook remained uncertain and unpredictable due to the impact of a resurgence in infections caused by new variants. - FY2022-Q2SoftenedAnnual report
「During the cumulative second quarter period, Japan's economy remained uncertain as the impact of the prolonged spread of COVID-19 continued. Although expectations for a recovery in economic activity, including a decline in positive cases as vaccination became more widespread, increased, the outlook remained uncertain.」
While stating that the prolonged COVID-19 pandemic and uncertainty over the outlook continued, the company newly cited expectations for a recovery in economic activity resulting from wider vaccination and a decline in positive cases. - FY2022-Q1WorsenedAnnual report
「During the cumulative first quarter period, Japan's economy remained uncertain as the spread of COVID-19 continued over an extended period and a state of emergency was reintroduced in April 2021, restraining social and economic activity.」
The company cited the prolonged COVID-19 pandemic, the reintroduction of a state of emergency, and restrictions on social and economic activity, and stated that uncertainty over the outlook was continuing. - FY2021-Q3SoftenedAnnual report
「During the cumulative third quarter period, signs of recovery were seen in domestic economic activity after the state of emergency was lifted in late May, but the situation remained unpredictable due to the continued spread of COVID-19.」
While stating that uncertainty continued due to the resurgence of COVID-19, the company noted signs of recovery in domestic economic activity after the state of emergency was lifted, with its wording somewhat softened from the previous quarter's references to a rapid economic deterioration and extremely severe conditions. - FY2021-Q2WorsenedAnnual report
「During the cumulative second quarter period, Japan's economy remained in an extremely severe condition as the economy rapidly deteriorated due to the contraction of domestic and overseas economic activity caused by the spread of COVID-19.」
Regarding the impact of COVID-19, the company described the contraction of domestic and overseas economic activity, the rapid deterioration of the economy, and the extremely severe conditions. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter period, Japan's economy remained in an extremely severe condition as economic activity was significantly restricted by the spread of COVID-19.」
In addition to its previous statements regarding uncertainty over the outlook, the company described the significant restrictions on economic activity caused by COVID-19 and the extremely severe economic conditions. - FY2020WorsenedAnnual report
「During the fiscal year, Japan's economy remained on a moderate recovery trend, with improvements in domestic corporate earnings and employment conditions. However, uncertainty over the outlook increased further due to prolonged US-China trade friction, the UK's withdrawal from the EU, and stagnation in economic activity caused by the spread of COVID-19.」
In addition to the existing concerns over US-China trade friction and the UK's withdrawal from the EU, the company cited stagnation in economic activity due to the spread of COVID-19 and stated that uncertainty over the outlook had increased further. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter period, Japan's economy continued on a moderate recovery trend due to improvements in corporate earnings and employment conditions. However, the outlook remained uncertain due to the prolonged US-China trade friction, the UK's withdrawal from the EU, and other factors.」
The company cited the prolonged US-China trade friction and the UK's withdrawal from the EU, and stated that uncertainty over the outlook was continuing even as the domestic economy remained on a recovery trend. - FY2020-Q2RestatedAnnual report
「Meanwhile, the outlook remained uncertain due to prolonged US-China trade friction, heightened geopolitical risks and other factors.」
The company cited the prolonged US-China trade friction and heightened geopolitical risks, and stated that uncertainty over the outlook was continuing. - FY2020-Q1WorsenedAnnual report
「During the cumulative first quarter period, Japan's economy continued on a moderate recovery trend as corporate earnings and employment conditions remained firm. However, the outlook remained uncertain, as the impact of the US's protectionist trade policies on countries worldwide required increasing attention.」
Regarding the US's protectionist trade policies, the company stated that the impact on countries worldwide required increasing attention and that uncertainty over the outlook was continuing. - FY2019SoftenedAnnual report
「During the fiscal year, Japan's economy continued on a moderate recovery trend, with improvements in domestic corporate earnings and employment conditions. However, concerns remained over a slowdown in emerging markets such as China, continued US-China trade friction, and delays in resolving the UK's withdrawal from the EU, and the outlook remained uncertain.」
The company cited a slowdown in emerging markets such as China, US-China trade friction, and the UK's withdrawal from the EU as concerns, while describing the domestic economy as being on a moderate recovery trend without expressly stating that the outlook was uncertain. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter period, Japan's economy continued on a moderate recovery trend due to improvements in corporate earnings and employment conditions. However, the outlook remained uncertain due to the impact of US-China trade friction and other factors.」
The company cited the impact of US-China trade friction and other factors, and stated that uncertainty over the outlook was continuing even as the domestic economy remained on a recovery trend. - FY2019-Q2WorsenedAnnual report
「During the cumulative second quarter period, Japan's economy continued on a moderate recovery trend as corporate earnings and employment conditions continued to improve. However, the outlook remained uncertain due to trade friction, heightened geopolitical risks, and deteriorating business sentiment resulting from damage caused by natural disasters such as earthquakes and torrential rains.」
The company newly cited trade friction, heightened geopolitical risks, and deteriorating business sentiment caused by natural disasters such as earthquakes and torrential rains, and stated that uncertainty over the outlook was continuing. - FY2019-Q1WorsenedAnnual report
「During the cumulative first quarter period, Japan's economy continued on a moderate recovery trend as corporate earnings and employment conditions remained firm. However, the outlook remained uncertain amid concerns that the US's protectionist trade policies could affect countries worldwide.」
The company newly specified concerns that the US's protectionist trade policies could affect countries worldwide and stated that the outlook remained uncertain. - FY2018SoftenedAnnual report
「During the fiscal year, Japan's economy continued on a moderate recovery trend, with improvements in domestic corporate earnings and employment conditions, despite concerns over a slowdown in emerging markets such as China and uncertainty surrounding US policy.」
While citing concerns over a slowdown in emerging markets such as China and uncertainty over US policy, the company described the domestic economy as being on a moderate recovery trend rather than using the previous quarters' expression that the outlook remained uncertain. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter period, Japan's economy continued on a moderate recovery trend, with improvements in corporate earnings and employment conditions. However, the outlook remained uncertain due to US political developments and heightened geopolitical risks concerning the Korean Peninsula.」
The company cited US political developments and heightened geopolitical risks concerning the Korean Peninsula, and stated that uncertainty over the outlook was continuing. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter period, Japan's economy continued on a moderate recovery trend, with improvements in corporate earnings and employment conditions. However, the outlook remained uncertain due to heightened geopolitical risks, various US policies, and instability in Europe's political situation.」
The company cited geopolitical risks, US policies and instability in Europe's political situation, and stated that uncertainty over the outlook was continuing. - FY2018-Q1WorsenedAnnual report
「During the cumulative first quarter period, Japan's economy continued on a moderate recovery trend, with improvements in corporate earnings and employment conditions. However, the outlook remained uncertain due to uncertainty over US policy management and overseas economies, including China, as well as heightened geopolitical risks in North Korea.」
The company newly specified heightened geopolitical risks in North Korea in addition to uncertainty over overseas economies. - FY2017WorsenedAnnual report
「During the fiscal year, Japan's economy continued on a moderate recovery trend, with improvements in corporate earnings and employment conditions. However, uncertainty over overseas economies increased due to concerns over an economic slowdown in emerging markets such as China, the UK's withdrawal from the EU, the change in the US administration, and issues concerning the Korean Peninsula, and the outlook remained uncertain.」
The company cited a slowdown in overseas economies such as China, the UK's withdrawal from the EU, the change in the US administration, and issues concerning the Korean Peninsula, and stated that uncertainty over overseas economies was increasing. - FY2017-Q3WorsenedAnnual report
「During the cumulative third quarter period, Japan's economy continued on a moderate recovery trend, with improvements in corporate earnings and employment conditions. However, uncertainty over overseas economies increased due to concerns over an economic slowdown in emerging markets such as China, as well as the UK's withdrawal from the EU and the impact of the US presidential election, and the outlook remained uncertain.」
In addition to the concerns cited in the previous quarter over a slowdown in overseas economies such as China and the UK's withdrawal from the EU, the company newly cited the impact of the US presidential election and described uncertainty over overseas economies as increasing. - FY2017-Q2First statedAnnual report
「During the cumulative second quarter period, Japan's economy showed signs of improvement in corporate earnings and employment conditions, although consumers remained inclined to economize, and the economy continued on a moderate recovery trend. However, the outlook remained uncertain due to concerns over a slowdown in overseas economies, particularly China, disruption in stock markets following the UK's withdrawal from the EU, and the yen's appreciation.」
The company stated that the economic outlook remained uncertain against the backdrop of concerns over a slowdown in overseas economies, disruption in stock markets following the UK's withdrawal from the EU, and the yen's appreciation.