Risk of Spillover to the Domestic Economy from a Downturn in Overseas Economies
First written in FY2017-Q1. 8 of 14 entries say "Restated". Latest entry: FY2026.
Tokyo Gas moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2020: 139 of 156 companies on the "Worse" side.
47 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Although the global economy continues to recover moderately, there are concerns about the impact of tensions in the Middle East on prices and the economy. In addition, it is necessary to closely monitor the impact of volatility in financial and capital markets and developments in U.S. policy.」
In addition to the situation in the Middle East and fluctuations in financial and capital markets identified previously, the company explicitly identifies developments in US policies as a source of economic uncertainty. - 2026-04-28WorsenedRevisions to earnings forecasts
「Although the global economy continues to recover moderately, there are concerns about the impact of tensions in the Middle East on prices and the economy. In addition, it is necessary to closely monitor the impact of volatility in financial and capital markets and developments in U.S. policy.」
In addition to the situation in the Middle East and other factors, developments in U.S. policy have been explicitly identified as an area requiring close monitoring in the economic environment. - FY2024WorsenedAnnual report
「However, close attention is required regarding the economic outlook due to current price increases, the situations surrounding Ukraine and the Middle East, fluctuations in financial and capital markets and other factors.」
In addition to price increases and the situation in Ukraine identified previously, the company explicitly identifies the situation in the Middle East as a source of economic uncertainty. - FY2023WorsenedAnnual report
「The outlook for the economy remains uncertain due to current price increases, supply-side constraints, fluctuations in financial and capital markets and other factors.」
In addition to infectious diseases and the situation in Ukraine identified previously, the company explicitly identifies price increases, supply constraints and fluctuations in financial and capital markets as sources of economic uncertainty. - FY2022WorsenedAnnual report
「However, the outlook for the economy remains uncertain due to concerns about the renewed spread of infections caused by variant strains and the situation in Ukraine, among other factors.」
In addition to uncertainty in overseas economies, the company explicitly identifies the renewed spread of infections and the situation in Ukraine as new sources of uncertainty. - FY2019-Q3RestatedAnnual report
「However, attention must be paid to the impact of trade issues on the global economy, uncertainty in overseas economies and fluctuations in financial and capital markets.」
The company continues to draw attention to uncertainty in overseas economies and fluctuations in financial and capital markets, and continues to explicitly identify the impact of trade issues on the global economy. - FY2019-Q2RestatedAnnual report
「However, attention must be paid to the impact of trade issues on the global economy, uncertainty in overseas economies and fluctuations in financial and capital markets.」
The company continues to draw attention to uncertainty in overseas economies and fluctuations in financial and capital markets, and this time explicitly identifies the impact of trade issues on the global economy. - FY2019-Q1RestatedAnnual report
「However, attention must be paid to the effects of uncertainty in overseas economies and fluctuations in financial and capital markets.」
Continues to note uncertainty in overseas economies and volatility in financial and capital markets. - FY2018-Q3RestatedAnnual report
「However, attention must be paid to the effects of uncertainty in overseas economies and fluctuations in financial and capital markets.」
The company continues to draw attention to uncertainty in overseas economies and fluctuations in financial and capital markets. - FY2018-Q2RestatedAnnual report
「However, attention must be paid to the effects of uncertainty in overseas economies and fluctuations in financial and capital markets.」
The company continues to draw attention to uncertainty in overseas economies and fluctuations in financial and capital markets. - FY2018-Q1RestatedAnnual report
「However, attention must be paid to the effects of uncertainty in overseas economies and fluctuations in financial and capital markets.」
The company continues to draw attention to the effects of uncertainty in overseas economies and this time also explicitly identifies fluctuations in financial and capital markets. - FY2017-Q3RestatedAnnual report
「Although the economy remains on a gradual recovery path, supported in part by the effects of various policies amid continued improvement in employment and income conditions, attention must be paid to uncertainties in overseas economies and other factors.」
The company continues, using different wording, to draw attention to the possibility that uncertainty in overseas economies could affect the domestic economy. - FY2017-Q2RestatedAnnual report
「However, a downturn in overseas economies and other factors pose a risk of putting downward pressure on the domestic economy.」
The company continues to disclose the risk that a downturn in overseas economies could spill over into the domestic economy, with the same content. - FY2017-Q1First statedAnnual report
「However, a downturn in overseas economies and other factors pose a risk of putting downward pressure on the domestic economy.」
A downturn in overseas economies is identified as an external risk that could weaken the domestic economy.