Uncertainty over the Outlook Stemming from U.S. and European Political Conditions and Geopolitical Uncertainty
First written in FY2018-Q1. 11 of 23 entries say "Restated". Latest entry: 2026-05-14.
M・H・GROUP LTD. moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 46 of 79 companies on the "Worse" side.
32 other companies' latest entry also says "Restated".
- 2026-05-14RestatedEarnings
「The outlook is expected to remain uncertain, owing to factors including rising geopolitical risks, sharp foreign-exchange fluctuations, higher resource prices and the impact of U.S. policy developments such as trade policy.」
The Company continues to cite uncertainty related to geopolitics, foreign exchange, resource prices and U.S. trade policy. - FY2025WorsenedAnnual report
「The outlook was expected to remain uncertain due to the prolonged situation between Russia and Ukraine, rising geopolitical risks surrounding the Middle East, sharp exchange-rate fluctuations, surging resource prices and the impact of US policy developments, including trade policy.」
In addition to the existing geopolitical, resource-price and foreign-exchange risks, the disclosure cited sharp exchange-rate movements and the impact of US trade policy as sources of uncertainty. - FY2025-H1RestatedAnnual report
「Meanwhile, the outlook was expected to remain uncertain due to the prolonged situation between Russia and Ukraine, rising geopolitical risks surrounding the Middle East, sharp exchange-rate fluctuations and surging resource prices.」
Uncertainty about the outlook continued due to the situation between Russia and Ukraine, geopolitical risks in the Middle East, exchange-rate fluctuations and surging resource prices. - FY2024WorsenedAnnual report
「Meanwhile, the outlook was expected to remain uncertain due to the prolonged situation between Russia and Ukraine, rising geopolitical risks surrounding the Middle East, prolonged yen depreciation and surging resource prices.」
In addition to the existing concerns regarding the situation between Russia and Ukraine, resource prices and yen depreciation, the disclosure cited rising geopolitical risks in the Middle East and prolonged yen depreciation. - FY2024-Q3RestatedAnnual report
「Meanwhile, the outlook remained uncertain due to downside risks from a slowdown in the global economy, including surging resource prices caused by the prolonged situation between Russia and Ukraine, the continued depreciation of the yen and global inflationary pressure.」
The disclosure continued to cite the situation between Russia and Ukraine, surging resource prices, yen depreciation, inflationary pressure and downside risks from a slowdown in the global economy. - FY2024-Q2RestatedAnnual report
「Meanwhile, the outlook remained uncertain due to downside risks from a slowdown in the global economy, including surging resource prices caused by the prolonged situation between Russia and Ukraine and global inflationary pressure.」
The disclosure continued to cite the situation between Russia and Ukraine, surging resource prices, global inflationary pressure and downside risks from a slowdown in the global economy. - FY2024-Q1RestatedAnnual report
「Meanwhile, the outlook remained uncertain due to downside risks from a slowdown in the global economy, including surging resource prices caused by the prolonged situation between Russia and Ukraine and global inflationary pressure.」
The disclosure continued to describe uncertainty arising from the situation between Russia and Ukraine, surging resource prices, global inflationary pressure and a slowdown in the global economy. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended 31 December, as the impact of COVID-19 continued for an extended period, the shift toward living with COVID-19 progressed and an economic recovery was expected. However, uncertainty about the outlook continued due to downside risks from a slowdown in the global economy caused by soaring resource prices resulting from the prolonged situation involving Russia and Ukraine, as well as global inflationary pressures.」
Alongside expectations for an economic recovery, uncertainty continued due to the situation between Russia and Ukraine, surging resource prices, inflationary pressure and a slowdown in the global economy. - FY2023-Q2WorsenedAnnual report
「During the six-month period ended 30 September, as the impact of COVID-19 continued for an extended period, the shift toward living with COVID-19 progressed and an economic recovery was expected. However, uncertainty about the outlook continued due to downside risks from a slowdown in the global economy caused by soaring resource prices resulting from the prolonged situation involving Russia and Ukraine, as well as global inflationary pressures.」
Alongside expectations for an economic recovery, the disclosure identified downside risks from surging resource prices, global inflationary pressure and a slowdown in the global economy, with geopolitical and economic uncertainty continuing. - FY2023-Q1Uncertainty coexisting with an economic recoveryAnnual report
「During the three-month period ended 30 June, the Japanese economy remained uncertain due to the spread of COVID-19 variants, soaring resource prices resulting from the situation involving Russia and Ukraine, and the continuing rapid depreciation of the yen. However, signs of an economic recovery have emerged as measures to prevent the spread of infections and vaccinations have been promoted in Japan and overseas, and Japan’s border-control measures have been eased.」
While uncertainty continued due to COVID-19, resource prices and yen depreciation, the disclosure also indicated signs of a recovery driven by infection-control measures and the easing of border restrictions. - FY2022WorsenedAnnual report
「Meanwhile, Japan's economy was also being affected by the surge in global resource prices resulting from the situation between Russia and Ukraine and the sharp depreciation of the yen, and the unstable situation was expected to continue.」
In addition to the existing concerns regarding overseas economies, trade issues and geopolitics, the disclosure cited the situation between Russia and Ukraine, surging resource prices and the sharp depreciation of the yen. - FY2022-Q3WorsenedAnnual report
「During the nine-month period ended 31 December, while efforts were required to balance preventing the spread of COVID-19 with economic activity, infections with the Omicron variant of COVID-19 became pronounced, and restrictions urging people to refrain from going out continued, including through the implementation of priority preventive measures to prevent the spread of disease. As a result, uncertainty about the economic outlook remained.」
The spread of the Omicron variant and restrictions under priority preventive measures continued to reinforce the existing uncertainty surrounding economic and social activity. - FY2021WorsenedAnnual report
「During the fiscal year, economic and social activity in Japan remained severely restricted due to the global spread of COVID-19.」
The disclosure described an uncertain outlook in which restrictions on economic and social activity continued due to the spread of infections, while economic activity fluctuated in response to states of emergency and other measures. - FY2021-Q2WorsenedAnnual report
「During the six-month period ended 30 September, the Japanese economy remained in a severe situation, with corporate earnings and employment conditions deteriorating due to the global spread of COVID-19. Although economic activity has been gradually restored since the state of emergency was lifted in May 2020, concerns about a resurgence and prolonged spread of infections have not been dispelled, and the economic outlook remains uncertain.」
The disclosure described continued deterioration in corporate earnings and employment conditions due to COVID-19, along with persistent concerns about a resurgence and prolonged spread of infections, resulting in heightened uncertainty about the outlook. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the fiscal year, the Japanese economy remained in a difficult situation due to the global spread of COVID-19, including deteriorating corporate earnings and employment conditions. Although economic activity was gradually being restored after the state of emergency was lifted, concerns about a resurgence and prolonged spread of infections had yet to be dispelled, and the outlook for the economy remained uncertain.」
The disclosure strongly continued to describe an uncertain outlook, citing continued deterioration in corporate earnings and employment conditions due to COVID-19, as well as lingering concerns about a resurgence and prolonged spread of infections. - FY2020-Q3WorsenedAnnual report
「During the nine-month period ended 31 December, the Japanese economy was on a gradual recovery path, with improvements seen in employment conditions, the income environment and corporate earnings. However, in addition to damage caused by a succession of natural disasters in Japan, uncertainty in overseas economies, developments in trade issues and growing geopolitical concerns, the economic impact of the global spread of COVID-19 has been worsening daily, further increasing uncertainty about the outlook.」
The disclosure stated that, in addition to the existing concerns regarding overseas economies, trade issues and geopolitics, the global spread of COVID-19 further heightened uncertainty. - FY2019RestatedAnnual report
「During the fiscal year, the Japanese economy was on a gradual recovery path, with improving employment conditions, income conditions and corporate earnings. However, the outlook remained uncertain due to uncertainty in overseas economies, developments in trade issues and rising geopolitical concerns.」
The disclosure continued to cite uncertainty in overseas economies, trade issues and geopolitical concerns as sources of an uncertain outlook. - FY2019-Q2RestatedAnnual report
「During the second quarter of the fiscal year, the Japanese economy was on a gradual recovery path, with improving employment conditions, income conditions and corporate earnings. However, the outlook remained uncertain due to uncertainty in overseas economies, developments in trade issues and rising geopolitical concerns.」
The disclosure continued to cite uncertainty in overseas economies, trade issues and geopolitical concerns as sources of an uncertain outlook. - FY2019-Q1WorsenedAnnual report
「During the first quarter of the fiscal year, the Japanese economy was on a gradual recovery path, with improving employment conditions, income conditions and corporate earnings. However, the outlook remained uncertain due to damage caused by successive natural disasters in Japan, uncertainty in overseas economies, developments in trade issues and rising geopolitical concerns.」
In addition to the existing political and geopolitical concerns, domestic natural disasters, uncertainty in overseas economies and trade issues were cited as factors contributing to an uncertain outlook. - FY2018RestatedAnnual report
「Uncertainty is increasing amid instability in the political situations in the United States and Europe and heightened geopolitical concerns, and the outlook remains uncertain.」
The company continues to identify instability in the political situations in the United States and Europe and heightened geopolitical concerns as uncertainties regarding the economic environment. - FY2018-Q3RestatedAnnual report
「Uncertainty is increasing amid instability in the political situations in the United States and Europe and heightened geopolitical concerns, and the outlook remains uncertain.」
The company continues to identify instability in the political situations in the United States and Europe and heightened geopolitical concerns as uncertainties regarding the economic environment. - FY2018-Q2RestatedAnnual report
「Uncertainty is increasing amid instability in the political situations in the United States and Europe and heightened geopolitical concerns, and the outlook remains uncertain.」
The company continues to identify instability in the political situations in the United States and Europe and heightened geopolitical concerns as uncertainties regarding the economic environment. - FY2018-Q1First statedAnnual report
「Uncertainty is increasing amid instability in the political situations in the United States and Europe and heightened geopolitical concerns, and the outlook remains uncertain.」
The company identifies instability in the political situations in the United States and Europe and heightened geopolitical concerns as new uncertainties regarding the economic environment. It states that there have been no material changes to its formal business and other risks.