Downward Pressure on the Economy from Overseas Economic Uncertainty and Exchange Rate and Share Price Volatility
First written in FY2017-Q2. 6 of 31 entries say "Worsened", first in FY2021-Q1. Latest entry: FY2026.
Nagase Brothers moved to the "Worse" side of this theme in 2021, 2 years after the typical company in this theme (2019).
The whole theme swung hardest in 2020: 142 of 161 companies on the "Worse" side.
24 other companies' latest entry also says "Other".
- FY2026Middle East tensions, financial market volatility and U.S. trade policy specifiedAnnual report
「Looking ahead, the situation requires close monitoring of the impact of factors including developments concerning the situation in the Middle East, volatility in financial and capital markets, and U.S. trade policy.」
For the existing international economic risks, the company identifies the situation in the Middle East, volatility in financial and capital markets, and U.S. trade policy as specific factors requiring attention. - FY2025Added U.S. trade policy and continued domestic price increasesAnnual report
「Looking ahead, the situation requires close monitoring of the impact of factors including increasing downside risks to the economy resulting from U.S. trade policy, continued increases in domestic prices, and volatility in financial and capital markets.」
For the existing risks related to overseas economies, prices, and financial markets, the company identifies U.S. trade policy and continued increases in domestic prices as specific factors. - FY2025-H1China's economy, prices, Middle East tensions and the yen exchange rate specifiedAnnual report
「Looking ahead, the situation requires close monitoring of the impact of factors including downside risks to overseas economies stemming from concerns about the outlook for the Chinese economy, rising domestic prices, the situation in the Middle East, and volatility in financial and capital markets, including movements in the yen exchange rate.」
The company identifies the outlook for the Chinese economy, domestic prices, and movements in the yen exchange rate as downside factors for the economy, in addition to the existing geopolitical and financial market risks. - FY2024Sharp decline in the yen exchange rate addedAnnual report
「Looking ahead, geopolitical risks have increased, including the prolonged situation in Ukraine and heightened tensions in the Middle East. With global monetary tightening continuing, continued close monitoring is required of the impact on household consumer spending trends from the sharp decline in the yen exchange rate, volatility in financial and capital markets, and rising prices.」
In addition to the existing geopolitical risks, monetary tightening, financial market volatility and rising prices, the sharp decline in the yen exchange rate is specifically identified as a factor driving downside risks to the economy. - FY2024-Q3Prolonged war in Ukraine and heightened tensions in the Middle East specifiedAnnual report
「Looking ahead, geopolitical risks have increased, including the prolonged war in Ukraine and heightened tensions in the Middle East. With global monetary tightening continuing, continued close monitoring is required of the impact of fluctuations in foreign exchange rates and financial and capital markets and rising prices on household consumer spending trends.」
The prolonged war in Ukraine and heightened tensions in the Middle East are specifically cited in relation to the existing geopolitical, financial market and price-increase risks. - FY2024-Q2Geopolitical risks from the Israel-Hamas conflict addedAnnual report
「Geopolitical risks have increased as the situation in the Middle East has become more tense due to the Israel-Hamas conflict, in addition to the prolonged situation in Ukraine. With global monetary tightening continuing, continued close monitoring is required of the impact of fluctuations in foreign exchange rates and financial and capital markets and rising prices on household consumer spending trends.」
In addition to the existing situation in Ukraine, monetary tightening, fluctuations in foreign exchange rates and financial markets, and rising prices, the heightened tensions in the Middle East resulting from the Israel-Hamas conflict are specifically identified as a geopolitical risk. - FY2024-Q1Price increases and monetary tightening specified even after normalization of the disease situationAnnual report
「Although further progress was made toward normalizing social and economic activity, including the reclassification of the novel coronavirus disease as a Category V infectious disease, continued attention is required to the impact of the prolonged situation in Ukraine, ongoing global monetary tightening, rising prices, and fluctuations in foreign exchange rates and financial and capital markets.」
While the normalization of social and economic activity following the disease outbreak is noted, the prolonged situation in Ukraine, global monetary tightening, price increases, and fluctuations in foreign exchange rates and financial and capital markets continue to be identified as factors driving downside risks to the economy. - FY2023-Q3China's infection trends addedAnnual report
「With global monetary tightening continuing, the outlook for the economy requires close monitoring of the impact of further price increases, volatility in financial and capital markets, and infection trends in China.」
In addition to the existing price increases and financial and capital market volatility, infection trends in China are specifically identified as a factor driving downside risks to the economy. - FY2023-Q2The seventh wave, higher resource prices, yen depreciation and monetary tightening specifiedAnnual report
「During the second quarter of the current consolidated fiscal year, Japan's economy was adversely affected by strengthening inflationary pressures resulting from the simultaneous rise in resource prices and depreciation of the yen, in addition to the rapid spread of the seventh wave of novel coronavirus infections since July. This affected economic and consumer activity, which had been moving toward recovery. With global monetary tightening continuing, continued close monitoring is required of downside risks to the economic outlook, including further price increases and volatility in financial and capital markets.」
In addition to the existing disease-related risks and financial market volatility, the seventh wave, inflation resulting from higher resource prices and yen depreciation, and global monetary tightening are specifically identified as factors driving downside risks to the economy. - FY2023-Q1China's restrictions on economic activity and higher raw material and energy prices addedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy showed signs of progress toward normalization of economic activity as the number of novel coronavirus infections declined. However, amid concerns over a renewed spread of infections, the impact of restrictions on economic activity in China, and the prolonged situation in Ukraine, continued close monitoring is required of downside risks to the economy, including higher raw material costs and energy prices and fluctuations in foreign exchange rates and financial and capital markets.」
In addition to the existing disease-related risks, the situation in Ukraine and financial market volatility, restrictions on economic activity in China and higher raw material costs and energy prices are specifically identified as factors driving downside risks to the economy. - FY2022WorsenedAnnual report
「In addition to the rapid spread of infections caused by the Omicron variant since January 2022, concerns have arisen over a slowdown in global economic activity resulting from the situation in Ukraine and other factors, leaving the outlook uncertain and requiring close monitoring of downside risks to the economy.」
In addition to the rapid spread of Omicron infections, concerns over a slowdown in global economic activity resulting from the situation in Ukraine and other factors are cited as a new source of downside risk. - FY2022-Q3WorsenedAnnual report
「However, infections caused by variants such as the Omicron variant have recently been increasing rapidly in Japan and overseas. Continued close monitoring is required of the course of the disease, rising downside risks arising from supply-side problems involving semiconductors and other products and from higher raw material prices, and volatility in financial and capital markets.」
In addition to the existing disease-related risks, supply shortages and financial market volatility, the sharp increase in infections caused by the Omicron variant and rising raw material prices are emphasized as downside risks. - FY2022-Q2Downside risks from semiconductor supply shortages addedAnnual report
「Looking ahead, although the economy is expected to recover as measures to prevent the spread of infections are implemented and vaccinations are promoted, supported by the effects of various policies and improvements in overseas economies, continued close monitoring is required of the rising downside risks arising from domestic and overseas infection trends and impacts transmitted through supply chains, including semiconductor supply shortages, as well as volatility in financial and capital markets.」
In addition to the existing disease-related risks, policy developments and financial and capital market volatility, downside risks transmitted through supply chains, including semiconductor supply shortages, are specifically identified. - FY2022-Q1WorsenedAnnual report
「Even after the state of emergency was lifted in June this year, the number of infections rose again, partly due to the impact of more transmissible variants, and the unstable situation continued, with no clear prospect of when the disease would be brought under control, including the reissuance of a state of emergency in Tokyo.」
The impact of variants, the renewed increase in infections and the reissuance of a state of emergency in Tokyo are cited, emphasizing the instability of downside economic risks related to the novel coronavirus. - FY2021WorsenedAnnual report
「Even after the state of emergency was lifted in March this year, the number of infections rose again, partly due to the impact of more transmissible variants, and the unstable situation continued, with no clear prospect of when the disease would be brought under control. Although the economy continued to show signs of recovery, supported by the effects of various policies and improvements in overseas economies, continued close monitoring is required of the impact of the course of infections on domestic and overseas economies and volatility in financial and capital markets.」
In addition to the novel coronavirus, variants and the renewed increase in infections are specifically identified, while uncertainty affecting domestic and overseas economies and financial and capital markets continues to be cited. - FY2021-Q3WorsenedAnnual report
「During the third quarter of the current consolidated fiscal year, Japan's economy remained in a difficult situation due to the impact of the novel coronavirus disease. Although personal consumption and corporate production showed signs of recovery, supported by the effects of various policies and improvements in overseas economies, the renewed spread of infections increased downside risks to the future economy, requiring close monitoring of domestic and overseas financial and capital market volatility.」
The Company states that the renewed spread of infections has increased downside risks to the economy, specifically indicating that the risks have become more severe than in the previous period. - FY2021-Q2RestatedAnnual report
「During the second quarter of the current consolidated fiscal year, Japan's economy remained in a difficult situation due to the impact of the novel coronavirus disease. Although personal consumption and corporate production showed signs of recovery, supported by the effects of various policies and improvements in overseas economies, downside risks to the economy both in Japan and overseas persisted, requiring continued attention to the future course of the disease, policy developments in various countries, and volatility in financial and capital markets.」
The difficult economic conditions caused by the novel coronavirus disease and downside risks associated with the course of the disease, policy developments and volatility in financial and capital markets continue to be cited. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy remained in an extremely severe situation due to the impact of the novel coronavirus disease. Although domestic economic activity resumed after the state of emergency was lifted and a recovery was expected, downside risks to the economy both in Japan and overseas persisted, requiring continued attention to changes in the future course of the disease, policy developments in various countries, and volatility in financial and capital markets.」
In addition to uncertainty in overseas economies and financial markets, the extremely severe economic conditions caused by the novel coronavirus disease and downside risks in Japan and overseas are specifically identified. - FY2020-Q3Middle East tensions added to overseas economic risksAnnual report
「Continued attention is required not only to overseas economic developments, including trends in trade issues, the outlook for the Chinese economy, the outcome of the UK's EU withdrawal issue and Middle East tensions, but also to trends in consumer sentiment following the consumption tax rate increase.」
In addition to the existing trade issues, the Chinese economy, the UK's EU withdrawal issue and consumer sentiment following the consumption tax rate increase, Middle East tensions are specifically identified as an overseas economic factor requiring attention. - FY2020-Q2China's economy, the UK's EU withdrawal and the consumption tax increase specifiedAnnual report
「Continued attention is required not only to overseas economic developments, including prolonged trade issues, the outlook for the Chinese economy and the outcome of the UK's EU withdrawal issue, but also to trends in consumer sentiment following the consumption tax rate increase.」
In addition to the existing prolonged trade issues, the outlook for the Chinese economy, the UK's EU withdrawal issue and consumer sentiment following the consumption tax rate increase are specifically identified as economic factors requiring attention. - FY2020-Q1International economic risks reorganized around prolonged trade issues and other factorsAnnual report
「Continued attention is required in the international economy to prolonged trade issues and policy developments in various countries.」
With regard to uncertainty in the international economy, prolonged trade issues and policy developments in various countries continue to be cited as factors requiring attention. - FY2019The UK’s withdrawal from the EU addedAnnual report
「Although the U.S. economy continues to recover, continued attention is required to uncertainty arising from the prolonged U.S.-China trade issues, the UK's EU withdrawal issue and policy developments in various countries.」
In addition to the prolonged U.S.-China trade issues, the UK's EU withdrawal issue is cited as a specific example of uncertainty in the international economy. - FY2019-Q3Prolonged U.S.-China trade issues specifiedAnnual report
「Although the U.S. economy continues to recover, continued attention is required to uncertainty arising from the prolonged U.S.-China trade issues and policy developments in various countries.」
In addition to the impact of the existing trade issues, the prolonged U.S.-China trade issues are specifically identified as uncertainty in the international economy. - FY2019-Q2RestatedAnnual report
「Although the U.S. economy continues to recover, the recovery of the Chinese economy has stalled, and continued attention is required to uncertainty arising from trade issues and policy developments in various countries.」
While the recovery of the U.S. economy is noted, the stagnation of the Chinese economy, trade issues and policy developments in various countries continue to be identified as sources of uncertainty in the international economy. - FY2019-Q1Trade issues added as a specific example of international economic risksAnnual report
「Although the U.S. economy is steadily recovering and the Chinese economy continues to improve, continued attention is required to uncertainty arising from the impact of trade issues and policy developments in various countries.」
While the recovery of the U.S. and Chinese economies is noted, the impact of trade issues and policy developments in various countries is specifically identified as uncertainty in the international economy. - FY2018-Q3Update to specific examples of international economic risksAnnual report
「Although the U.S. economy is steadily recovering and the Chinese economy is improving, continued attention is required in the international economy to policy developments in various countries and political instability in Europe and neighboring countries.」
The economic conditions in the United States and China, policy developments in various countries, and political instability in Europe and neighboring countries are cited as specific examples of uncertainty in overseas economies. - FY2018-Q2Update to specific examples of risk factorsAnnual report
「Meanwhile, continued attention is required in the international economy to political instability in Europe and neighboring countries and volatility in financial and capital markets.」
Political instability in Europe and neighboring countries and volatility in financial and capital markets are cited as specific examples of uncertainty in overseas economies. - FY2018-Q1Update to specific examples of risk factorsAnnual report
「Meanwhile, uncertainty in the international economy, including political risks in Europe and U.S. policy developments, as well as financial market volatility, requires continued attention.」
Political risks in Europe, U.S. policy developments and financial market volatility are cited as specific examples of uncertainty in overseas economies. - FY2017RestatedAnnual report
「Amid concerns over overseas economic risks, including economic conditions in emerging and resource-rich countries such as China and protectionist trends in Europe and the United States, as well as the impact of fluctuations in foreign exchange rates and stock prices, uncertainty about the outlook is increasing.」
Economic conditions in emerging and resource-rich countries, protectionism in Europe and the United States, and fluctuations in foreign exchange rates and stock prices continue to be cited as overseas economic risk factors. - FY2017-Q3Update to specific examples of risk factorsAnnual report
「Meanwhile, Japan's economy remains at risk of being pushed downward by uncertainty in overseas economies, including slowing growth in emerging economies such as China and protectionist trends in Europe and the United States, as well as fluctuations in foreign exchange rates and stock prices.」
The specific example of uncertainty in overseas economies has been updated from the UK's decision to leave the EU, as previously stated, to protectionist trends in Europe and the United States. - FY2017-Q2First statedAnnual report
「Meanwhile, Japan's economy remains at risk of being pushed downward by heightened uncertainty in overseas economies, including slowing growth in emerging economies such as China and the impact of the UK's decision to leave the EU, as well as fluctuations in foreign exchange rates and stock prices.」
The risks of uncertainty in overseas economies, the UK's decision to leave the EU, and fluctuations in foreign exchange rates and stock prices pushing down the domestic economy are newly specified.