Uncertainty surrounding the economic outlook
First written in FY2017-Q2. 23 of 35 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2022: 124 of 167 companies on the "Worse" side.
- FY2027-H1WorsenedAnnual report
「During the interim consolidated accounting period, the Japanese economy was on a gradual recovery trend, with personal consumption remaining firm against a backdrop of improving employment and income conditions. However, the outlook remained uncertain due to the prolonged increase in prices and heightened geopolitical risks resulting from escalating tensions in the Middle East.」
While noting the resilience of personal consumption and the gradual recovery trend, the company explicitly identified the prolonged increase in prices and heightened geopolitical risks resulting from escalating tensions in the Middle East as sources of uncertainty surrounding the outlook. - FY2026-H1WorsenedAnnual report
「During the interim consolidated accounting period, the Japanese economy was on a gradual recovery trend as employment and income conditions improved, but remained in a difficult situation. Factors weighing on the outlook included increasing geopolitical instability, developments in U.S. trade policy, and a growing consumer preference for thrift due to continued price increases.」
In addition to the previous uncertainties surrounding overseas economies and financial markets, the company cited increasing geopolitical instability, U.S. trade policy, and a growing consumer preference for thrift due to rising prices as factors making the outlook difficult. - FY2025-H1WorsenedAnnual report
「During the interim consolidated accounting period (1 February 2024 to 31 July 2024), the Japanese economy was on a gradual recovery trend as employment and income conditions improved, but the outlook remained uncertain due to downside risks to the economy from a downturn in overseas economies, soaring resource prices, and the impact of unstable financial markets.」
In addition to the previous concerns about downturns in overseas economies and soaring resource prices, the company explicitly identified the impact of unstable financial markets as a new source of uncertainty surrounding the outlook. - FY2025-Q1WorsenedAnnual report
「During the cumulative first quarter under review, the Japanese economy was on a gradual recovery trend as employment and income conditions improved, but the outlook remained uncertain. In addition to downside risks to the economy from a downturn in overseas economies and soaring resource prices, rising prices due to the depreciation of the yen raised concerns about a further cooling of personal consumption.」
In addition to downturns in overseas economies and soaring resource prices, the company explicitly identified rising prices caused by the depreciation of the yen and concerns about a further cooling of personal consumption as sources of uncertainty. - FY2024WorsenedAnnual report
「The outlook remained uncertain due to concerns about downturns in overseas economies against a backdrop of global monetary tightening, the situation in the Middle East, and soaring resource and raw-material prices.」
In addition to the previous concerns about downturns in overseas economies and soaring resource and raw-material prices, the company explicitly identified global monetary tightening and the situation in the Middle East as sources of uncertainty. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, the Japanese economy remained in an uncertain situation. Although personal consumption and capital investment recovered and a gradual economic recovery was expected, downside risks to the economy from a downturn in overseas economies and soaring resource and raw-material prices weighed on the outlook.」
While referring to the recovery in personal consumption and capital investment and expectations for an economic recovery, the company reconfirmed the uncertainty surrounding the outlook due to downturns in overseas economies and soaring resource and raw-material prices. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter under review, the Japanese economy remained in an uncertain situation. Although signs of recovery were seen in personal consumption and capital investment, downside risks to the economy from a downturn in overseas economies and soaring resource and raw-material prices weighed on the outlook.」
While referring to recovery in personal consumption and capital investment, the company continued to describe the outlook as uncertain due to downturns in overseas economies and soaring resource and raw-material prices. - FY2023RestatedAnnual report
「Going forward, although restrictions on socioeconomic activity due to COVID-19 have been eased and an economic recovery is expected, concerns remain about downside risks to the economy from a downturn in overseas economies and rising prices. The outlook therefore remains uncertain.」
While indicating expectations for eased restrictions on socioeconomic activity and an economic recovery, the company reconfirmed the uncertainty surrounding the outlook, citing downturns in overseas economies and rising prices as new sources of concern. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, the Japanese economy remained in an uncertain situation. Although moves toward normalizing socioeconomic activity under the “with COVID-19” environment progressed and an economic recovery was expected, prices rose due to escalating tensions surrounding Ukraine and the rapid depreciation of the yen.」
While referring to the normalization of socioeconomic activity and expectations for an economic recovery, the company continued to view the outlook as uncertain due to the situation surrounding Ukraine, the rapid depreciation of the yen, and rising prices. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, the Japanese economy remained in an uncertain situation. Although moves toward normalizing socioeconomic activity progressed and an economic recovery was expected as the impact of COVID-19 persisted, resource and raw-material prices rose amid escalating tensions surrounding Ukraine and the rapid depreciation of the yen.」
The company continued to identify the prolonged pandemic, the situation surrounding Ukraine, the rapid depreciation of the yen, and soaring resource and raw-material prices as sources of uncertainty. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter under review, the Japanese economy remained in an uncertain situation. Although moves toward normalizing socioeconomic activity were seen as the impact of COVID-19 persisted, the escalation of tensions surrounding Ukraine and soaring resource and raw-material prices accompanying the rapid depreciation of the yen continued to weigh on the outlook.」
In addition to the prolonged pandemic, the company identified the escalation of tensions surrounding Ukraine, the rapid depreciation of the yen, and soaring resource and raw-material prices as new sources of uncertainty. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, the Japanese economy remained in an uncertain situation. Although signs of recovery continued in some areas as COVID-19 vaccinations progressed, various policy measures took effect and overseas economies improved, continued close monitoring of infection trends in Japan and overseas remained necessary.」
While referring to recovery driven by vaccinations, the effects of policy measures and improvements in overseas economies, the company continued to highlight the need to monitor infection trends closely and the uncertainty surrounding the economic outlook. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter under review, the Japanese economy remained in a difficult situation. Although some signs of recovery were seen as COVID-19 vaccinations progressed, various policy measures took effect and overseas economies improved, states of emergency and other measures were reintroduced in areas across Japan.」
While referring to recovery driven by vaccinations, the effects of policy measures and improvements in overseas economies, the company continued to view the economic environment as difficult due to the reintroduction of states of emergency and other measures. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter under review, the Japanese economy remained in a difficult situation. Although some signs of recovery were seen due to the effects of various government policies and improvements in overseas economies, states of emergency and other measures were declared in succession in areas across Japan due to the spread of COVID-19.」
While referring to recovery driven by the effects of policy measures and improvements in overseas economies, the company continued to view the economy as remaining in a difficult situation due to the successive declarations of states of emergency and other measures. - FY2021RestatedAnnual report
「Meanwhile, in the leisure business, a gradual recovery in visitor numbers in the food-service and marina divisions, which were affected by COVID-19, is expected. However, as the timing of the end of the pandemic remains unknown, the outlook for the lifestyle and leisure-related services sector, which includes the leisure business, remains uncertain and difficult conditions continue.」
As the timing of the end of the pandemic remains unknown, the company continues to view the outlook for the lifestyle and leisure-related services sector, including the leisure business, as uncertain and difficult. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, the Japanese economy remained in a difficult situation due to the impact of COVID-19. Although signs of recovery were seen as various policies took effect after the lifting of the state of emergency, the economic outlook remained uncertain.」
While noting that difficult conditions continued due to COVID-19, the company also referred to signs of recovery resulting from policy measures and continued to describe the economic outlook as uncertain. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, the Japanese economy became extremely difficult due to the impact of COVID-19. Although economic activity was gradually ramped up after the lifting of the state of emergency, the economic outlook remained uncertain.」
The economic environment was described as extremely difficult due to COVID-19, and the view that the economic outlook remained uncertain even after the lifting of the state of emergency continued to be expressed. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter under review, the Japanese economy remained in an extremely difficult situation, with concerns including further downside risks to domestic and overseas economies and volatility in the financial and capital markets due to the global spread of COVID-19, creating uncertainty about the outlook.」
In addition to the previous uncertainty surrounding the economic outlook, further downside risks to domestic and overseas economies due to COVID-19 were a concern, and the economic environment was described as extremely difficult. - FY2020WorsenedAnnual report
「Although employment and income conditions are improving and various policies are having an effect, weakness has increased, particularly in manufacturing. In addition, the outlook for the economy has become difficult to predict owing to the impact of COVID-19 on domestic and overseas economies, developments in overseas economies surrounding trade issues, volatility in financial and capital markets and other factors.」
In addition to the existing uncertainty in overseas economies and volatility in financial and capital markets, it specifies weakness in manufacturing and the impact of COVID-19 on domestic and overseas economies, expanding the factors contributing to uncertainty over the economic outlook. - FY2020-Q3RestatedAnnual report
「However, the economic outlook remained uncertain owing to uncertainty in overseas economies, volatility in financial and capital markets and other factors.」
It continues to cite uncertainty in overseas economies, volatility in financial and capital markets and uncertainty over the economic outlook. - FY2020-Q2RestatedAnnual report
「However, the economic outlook remained uncertain owing to uncertainty in overseas economies, volatility in financial and capital markets and other factors.」
It continues to identify uncertainty in overseas economies, volatility in financial and capital markets and uncertainty over the economic outlook as external-environment risks. - FY2020-Q1RestatedAnnual report
「However, the economic outlook remained uncertain owing to uncertainty in overseas economies, volatility in financial and capital markets and other factors.」
It continues to cite uncertainty in overseas economies, volatility in financial and capital markets and uncertainty over the economic outlook. - FY2019RestatedAnnual report
「However, the outlook remained uncertain owing to developments in trade issues, uncertainty in overseas economies, volatility in financial and capital markets and other factors.」
It continues to cite trade issues, uncertainty in overseas economies and volatility in financial and capital markets as factors behind uncertainty over the economic outlook. - FY2019-Q3RestatedAnnual report
「However, the economic outlook remained uncertain owing to trade issues, uncertainty in overseas economies, volatility in financial and capital markets and other factors.」
It continues to cite trade issues, uncertainty in overseas economies and volatility in financial and capital markets as factors behind uncertainty over the economic outlook. - FY2019-Q2RestatedAnnual report
「However, the economic outlook remained uncertain owing to trade issues, uncertainty in overseas economies, volatility in financial and capital markets and other factors.」
While newly adding trade issues as a specific concern, it continues to cite uncertainty over the economic outlook caused by uncertainty in overseas economies and volatility in financial and capital markets. - FY2018RestatedAnnual report
「However, the economic outlook remained uncertain owing to uncertainty in overseas economies, volatility in financial and capital markets and other factors.」
It continues to cite uncertainty over the economic outlook caused by uncertainty in overseas economies and volatility in financial and capital markets. - FY2018-Q3RestatedAnnual report
「During the nine months ended the third quarter, Japan's economy continued on a moderate recovery path as corporate earnings and employment and income conditions improved. However, the economic outlook remained uncertain owing to uncertainty in overseas economies, volatility in financial and capital markets and other factors.」
While noting Japan's domestic recovery trend, it continues to identify uncertainty over the economic outlook caused by uncertainty in overseas economies and volatility in financial and capital markets as external-environment risks. - FY2018-Q2RestatedAnnual report
「However, concerns over overseas political conditions and economic uncertainty persisted, and conditions remained uncertain.」
It continues to identify overseas political conditions, economic uncertainty and uncertainty over the economic outlook as external-environment risks. - FY2018-Q1RestatedAnnual report
「However, conditions remained uncertain owing to uncertainty in overseas economies and other factors affecting the economic outlook.」
It continues to identify uncertainty in overseas economies and uncertainty over the economic outlook as external-environment risks. - FY2017WorsenedAnnual report
「Corporate earnings showed signs of stagnation, while uncertainty in overseas economies increased because of concerns over an economic slowdown in emerging Asian economies, including China, and the UK's Brexit issue. Conditions therefore remained uncertain.」
It states that, in addition to the existing uncertainty over the economic outlook, uncertainty in overseas economies increased. - FY2017-Q3RestatedAnnual report
「During the nine months ended the third quarter, Japan's economy continued to improve moderately in employment, income and other conditions as a result of the government's economic measures. However, concerns over an economic slowdown in emerging Asian economies, including China, and the UK's Brexit issue persisted, and the economic outlook remained uncertain.」
It continues to identify an economic slowdown in emerging Asian economies, the UK's Brexit issue and uncertainty over the economic outlook as external-environment risks. - FY2017-Q2First statedAnnual report
「The economic outlook remained uncertain as a result of concerns over an economic slowdown in emerging Asian economies, including China, and the UK's Brexit issue, which led to a rapid appreciation of the yen and declines in share prices.」
It identifies concerns over an economic slowdown in emerging Asian economies, the UK's Brexit issue, a stronger yen and falling share prices as external-environment risks.