Uncertainty in Overseas Economies and Volatility in Financial and Capital Markets
First written in FY2017-Q3. 11 of 22 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2022: 124 of 167 companies on the "Worse" side.
- FY2026-H1U.S. trade policy and inflation explicitly statedAnnual report
「During the interim consolidated accounting period, Japan’s economy was gradually recovering. However, attention must be paid to the risk that the impact of U.S. trade policy and continuing inflation could weigh on Japan’s economy through weaker consumer sentiment and other effects on private consumption. Continued attention must also be paid to the impact of volatility in financial and capital markets.」
In addition to the previous uncertainty in the overseas economy and financial and capital markets, U.S. trade policy and inflation are explicitly identified as risks that could weigh on private consumption and the economy. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, Japan’s economy was gradually recovering. However, the downturn in overseas economies, including the impact of persistently high interest rates in Europe and the United States and the continued stagnation of China’s property market, poses a risk of weighing on Japan’s economy, and some stagnation has recently emerged. Close attention must also be paid to the impact of inflation, developments in the Middle East, and volatility in financial and capital markets.」
A downturn in overseas economies, monetary tightening and high interest rates, the Chinese economy, developments in the Middle East, inflation, and volatility in financial and capital markets continue to be identified as downside factors. - FY2024-Q3WorsenedAnnual report
「During the third quarter of the current consolidated cumulative period, Japan’s economy was gradually recovering. However, looking ahead, the impact of global monetary tightening and concerns over the outlook for the Chinese economy, among other factors, mean that a downturn in overseas economies poses a risk of weighing on Japan’s economy, and some stagnation has recently emerged. Close attention must also be paid to the impact of inflation, developments in the Middle East, and volatility in financial and capital markets.」
In addition to global monetary tightening, concerns over the outlook for the Chinese economy, inflation, and volatility in financial and capital markets, developments in the Middle East and partial stagnation in economic activity are identified as downside factors. - FY2024-Q2Concerns over the outlook for the Chinese economy explicitly statedAnnual report
「During the second quarter of the current consolidated cumulative period, Japan’s economy was gradually recovering. However, looking ahead, the impact of global monetary tightening and concerns over the outlook for the Chinese economy, among other factors, mean that a downturn in overseas economies poses a risk of weighing on Japan’s economy. Close attention must also be paid to the impact of inflation and volatility in financial and capital markets.」
In addition to global monetary tightening, a downturn in overseas economies, inflation, and volatility in financial and capital markets, concerns over the outlook for the Chinese economy are explicitly identified as a downside factor. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, Japan’s economy was gradually recovering. However, looking ahead, as global monetary tightening and other measures continue, a downturn in overseas economies poses a risk of weighing on Japan’s economy. Close attention must also be paid to the impact of inflation and volatility in financial and capital markets.」
Global monetary tightening, a downturn in overseas economies, inflation, and volatility in financial and capital markets continue to be identified as factors that could weaken economic activity. - FY2023-Q3RestatedAnnual report
「Looking ahead, as global monetary tightening and other measures continue, a downturn in overseas economies poses a risk of weighing on Japan’s economy. Close attention must also be paid to the impact of inflation, supply constraints, and volatility in financial and capital markets.」
Global monetary tightening, a downturn in overseas economies, inflation, supply constraints, and volatility in financial and capital markets continue to be identified as downside factors. - FY2023-Q2WorsenedAnnual report
「Looking ahead, as global monetary tightening and other measures continue, a downturn in overseas economies poses a risk of weighing on Japan’s economy. Close attention must also be paid to the impact of inflation, supply constraints, and volatility in financial and capital markets.」
In addition to a downturn in overseas economies, global monetary tightening, inflation, and supply constraints are identified as new downside factors. - FY2023-Q1WorsenedAnnual report
「Looking ahead, close attention must be paid to downside risks from volatility in financial and capital markets, in addition to rising raw material prices and supply constraints, amid concerns over the prolonged situation in Ukraine and the impact of restrictions on economic activity in China.」
In addition to the uncertainty in the overseas economy and financial markets, whose disclosure had previously lapsed, the situation in Ukraine, restrictions on economic activity in China, rising raw material prices, and supply constraints are identified as downside factors. - FY2021DroppedAnnual reportThe current description of the business environment contains no reference to the previously stated United States’ protectionist policies, geopolitical risks in East Asia and the Middle East, or volatility in financial and capital markets.
- FY2021-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, Japan’s economy remained in a difficult situation due to the impact of the COVID-19 pandemic. However, looking ahead, the recovery is expected to continue as various policies take effect and overseas economies improve while measures are implemented to prevent the spread of infection. Nevertheless, close attention must be paid to the risk that the spread of infection could weigh on domestic and overseas economies through its impact on socioeconomic activity.」
The difficult economic conditions caused by the COVID-19 pandemic and the risk that the spread of infection could weigh on domestic and overseas economies continue to be identified. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current consolidated cumulative period, Japan’s economy remained in an extremely difficult situation due to the impact of the COVID-19 pandemic. However, looking ahead, the economy is expected to begin recovering as various policies take effect while measures are implemented to prevent the spread of infection and the level of socioeconomic activity is gradually raised. Nevertheless, developments in the pandemic in Japan and overseas will continue to require close monitoring.」
In addition to the previous uncertainty in the overseas economy and financial markets, the economy is described as being in an extremely difficult situation due to the COVID-19 pandemic. - FY2020-Q3WorsenedAnnual report
「During the third quarter of the current consolidated cumulative period, Japan’s economy showed weakness centered on exports as employment and income conditions continued to improve. In addition, uncertainty continued regarding overseas economic conditions and policies due to the United States’ protectionist policies and geopolitical risks in East Asia and the Middle East, the impact of volatility in financial and capital markets, and consumer sentiment following the consumption tax rate increase, requiring greater caution in corporate management.」
In addition to the longstanding uncertainty in the overseas economy, geopolitical risks, and volatility in financial and capital markets, weakness in exports and consumer sentiment following the consumption tax rate increase have been added as factors clouding the outlook. - FY2020-Q2WorsenedAnnual report
「During the second quarter of the current consolidated cumulative period, Japan’s economy showed weakness centered on exports as employment and income conditions continued to improve. In addition, uncertainty continued regarding overseas economic conditions and policies due to the United States’ protectionist policies and geopolitical risks in East Asia and the Middle East, as well as the impact of volatility in financial and capital markets, requiring greater caution in corporate management.」
In addition to the longstanding uncertainty in the overseas economy, geopolitical risks, and volatility in financial and capital markets, weakness in the economy centered on exports is identified, creating a situation that calls for greater caution in corporate management. - FY2020-Q1RestatedAnnual report
「However, uncertainty continues regarding overseas economic conditions and policies due to the United States’ protectionist policies and geopolitical risks in East Asia and the Middle East, as well as the impact of volatility in financial and capital markets, requiring greater caution in corporate management.」
The United States’ protectionist policies, geopolitical risks in East Asia and the Middle East, uncertainty regarding overseas economic conditions and policies, and volatility in financial and capital markets are reconfirmed as factors clouding the business environment. - FY2019-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, Japan’s economy was gradually recovering as employment and income conditions continued to improve. However, the outlook remained uncertain due to uncertainty regarding overseas economic conditions and policies stemming from the United States’ protectionist policies and geopolitical risks in East Asia and the Middle East, as well as the impact of volatility in financial and capital markets.」
The United States’ protectionist policies, geopolitical risks in East Asia and the Middle East, and volatility in financial and capital markets continue to be identified as factors clouding the outlook. - FY2019-Q2WorsenedAnnual report
「During the second quarter of the current consolidated cumulative period, Japan’s economy was gradually recovering as employment and income conditions continued to improve. However, the outlook remained uncertain due to uncertainty regarding overseas economic conditions and policies stemming from the United States’ protectionist policies and geopolitical risks in East Asia and the Middle East, the impact of volatility in financial and capital markets, and the impact of a succession of natural disasters on economic activity.」
In addition to the previously identified uncertainty in the overseas economy and volatility in financial and capital markets, the impact of successive natural disasters on economic activity has been added as a factor clouding the outlook. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, Japan’s economy was gradually recovering as employment and income conditions continued to improve. However, the outlook remained uncertain due to uncertainty in the overseas economy stemming from the United States’ protectionist policies and geopolitical risks in East Asia and the Middle East, as well as the impact of volatility in financial and capital markets.」
The United States’ protectionist policies and geopolitical risks in East Asia and the Middle East are identified as specific factors behind uncertainty in the overseas economy. - FY2018-Q3RestatedAnnual report
「During the third quarter of the current consolidated cumulative period, Japan’s economy was gradually recovering as employment and income conditions continued to improve. However, the outlook remained uncertain due to uncertainty in the overseas economy stemming from geopolitical risks and the impact of volatility in financial and capital markets.」
Uncertainty in the overseas economy stemming from geopolitical risks and volatility in financial and capital markets continue to be identified as factors clouding the outlook. - FY2018-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, Japan’s economy was gradually recovering as employment and income conditions continued to improve. However, the outlook remained uncertain due to heightened uncertainty in the overseas economy stemming from geopolitical risks and the impact of volatility in financial and capital markets.」
Uncertainty in the overseas economy and volatility in financial and capital markets are reiterated as factors clouding the business environment against a backdrop of geopolitical risks. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, Japan’s economy was gradually recovering as employment and income conditions continued to improve. However, the outlook remained uncertain due to heightened uncertainty in the overseas economy, including policy developments under the United States’ new administration, and volatility in financial and capital markets.」
Uncertainty in the overseas economy associated with policy developments under the United States’ new administration and volatility in financial and capital markets continue to be identified as factors clouding the outlook. - FY2017RestatedAnnual report
「Uncertainty continued due to heightened uncertainty in the overseas economy accompanying changes of government in the United States and the United Kingdom, as well as volatility in financial and capital markets.」
Uncertainty in the overseas economy and volatility in financial and capital markets are reiterated as factors clouding the outlook for the current fiscal year’s business environment. - FY2017-Q3First statedAnnual report
「The outlook remains uncertain due to heightened uncertainty in the overseas economy accompanying changes of government in the United States and the United Kingdom, as well as volatility in financial and capital markets.」
The business performance analysis identifies, for the first time, uncertainty in the overseas economy and volatility in financial and capital markets accompanying changes of government in the United States and the United Kingdom as factors clouding the outlook. By contrast, the business and other risks section states that there are no new risks.