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Fce (9564) · RiskReframed

Uncertainty caused by COVID-19 and the situation in Ukraine

First written in FY2023-Q1. 5 of 6 entries say "Reframed", first in FY2023-Q2. Latest entry: FY2025.

6entries
3years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseReframedFY2023-Q2 – FY20252023: 320232024: 220242025: 12025
Same theme, other companies
Economic Stagnation Caused by COVID-19 and the Situation in UkraineA theme 3 companies write about · 3 as a headwind · 0 as a tailwind

Fce moved to the "Worse" side of this theme in 2024.

0 other companies' latest entry also says "Reframed".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2025ReframedAnnual report

    「At the same time, uncertainty remains about the economic outlook due to factors including overseas economic conditions, the impact of rising prices and exchange-rate fluctuations.」

    The company now cites overseas economic conditions, rising prices and exchange-rate fluctuations as the main factors contributing to uncertainty, replacing previous references to the pandemic, the situation in Ukraine and monetary tightening.
  2. FY2024-Q2ReframedAnnual report

    「During the cumulative second quarter consolidated period, signs of a moderate recovery in Japan's economy emerged with the expansion of inbound demand, while the depreciation of the yen in foreign exchange markets, the prolonged Russia-Ukraine war, and soaring resource prices due in part to conditions in the Middle East continued to create uncertainty about the outlook.」

    The company cites the ongoing depreciation of the yen, the prolonged Russia-Ukraine war, the situation in the Middle East and soaring resource prices as factors contributing to uncertainty. At the same time, it indicates signs of an economic recovery driven by inbound demand.
  3. FY2024-Q1ReframedAnnual report

    「During the cumulative first quarter consolidated period, Japan's economy remained uncertain despite an increase in foreign visitors and stronger inbound demand due to the easing of COVID-19-related restrictions and the prolonged depreciation of the yen, as the effects of global monetary tightening and rising prices continued.」

    The company now cites the effects of global monetary tightening and rising prices as factors contributing to uncertainty, replacing previous references to a slowdown in overseas economies. COVID-19 is discussed in terms of the easing of restrictions and increased inbound demand.
  4. FY2023-Q3ReframedAnnual report

    「During the cumulative third quarter consolidated period, Japan's economy was on a moderate recovery path, but remained uncertain due to risks that the slowdown in overseas economies could weigh on economic activity and the effects of global monetary tightening policies.」

    There is no mention of COVID-19 or the situation in Ukraine; the company cites the slowdown in overseas economies and global monetary tightening policies as factors contributing to uncertainty.
  5. FY2023-Q2ReframedAnnual report

    「During the cumulative second quarter consolidated period, Japan's economy remained uncertain due to risks that the slowdown in overseas economies could weigh on economic activity, even as the impact of COVID-19 declined partly as a result of various government measures, along with volatility in global financial and capital markets.」

    While the impact of COVID-19 is declining, the company now cites the slowdown in overseas economies and volatility in global financial and capital markets, rather than the previously mentioned situation in Ukraine, as factors contributing to uncertainty.
  6. FY2023-Q1First statedAnnual report

    「The effects of the spread of COVID-19 infections in Japan and overseas persisted, while the Russian invasion of Ukraine also contributed to continued uncertainty about the outlook.」

    The company states that the prolonged impact of the pandemic and the situation in Ukraine have emerged in the actual economic environment as factors contributing to uncertainty about the outlook.
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Uncertainty caused by COVID-19 and the situation in Ukraine | FCE Inc. (9564) | Komori