Impact of domestic and overseas economic conditions on performance and financial position
First written in FY2016. 16 of 31 entries say "Worsened", first in FY2017-Q3. Latest entry: 2026-07-31.
Striders moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 18 of 29 companies on the "Worse" side.
0 other companies' latest entry also says "Materialised".
- 2026-07-31MaterialisedEarnings
「Factors that significantly reduced inbound demand also emerged, including geopolitical risks arising from the situation in the Middle East and U.S. policy developments, as well as cancellations of group bookings from China.」
The company states that geopolitical factors and cancellations of group bookings from China actually emerged as factors depressing demand. - FY2026WorsenedAnnual report
「Japan's economy is on a moderate recovery track, supported by a recovery in personal consumption and inbound tourism demand, but uncertainty about the outlook for the external environment has persisted due to heightened geopolitical risks, including rising tensions in the Middle East, associated fluctuations in resource prices and energy costs, overseas policy developments including US trade policy, and changes in foreign exchange and interest rate conditions.」
In addition to the previous inflation, geopolitical and financial market risks, the disclosure specifies the situation in the Middle East, resource and energy costs, US trade policy, and changes in foreign exchange and interest rate conditions as external risks. - 2026-05-15WorsenedEarnings
「The external environment remains uncertain due to continuing geopolitical risks, including the intensification of conflicts in the Middle East, and rising resource prices.」
The company specifically cites intensifying conflict in the Middle East as a geopolitical risk and rising resource prices as a cost-related factor. - FY2026-H1WorsenedAnnual report
「The consumer price inflation rate has remained high at approximately 3% year on year, while wage growth is also taking time to advance, limiting the recovery in real purchasing power. In addition, labor shortages, persistently high rents and property prices in urban areas, and concerns over rising borrowing costs have led to higher costs and a more cautious stance in services, capital investment and asset management, resulting in an uncertain economic environment where recovery and constraints coexist.」
In addition to the previous inflation and labor shortages, the disclosure quantifies consumer price inflation at approximately 3% year on year and specifies constraints including persistently high rents and property prices and rising borrowing costs. - FY2025WorsenedAnnual report
「Japan's economy recovered moderately due to a recovery in personal consumption and inbound tourism demand, but the external environment remained uncertain because of geopolitical risks, soaring resource prices and monetary tightening associated with prolonged inflation in Europe and the United States. In addition, the policies of the new US administration following the 2024 US presidential election may affect the global economy.」
In addition to the previous geopolitical risks, inflation and monetary tightening, the disclosure identifies soaring resource prices and the policies of the new US administration as factors contributing to uncertainty in the external environment. - FY2024WorsenedAnnual report
「The fragmentation of global supply chains due to deteriorating US-China relations and the emergence of global supply constraints stemming from the situation in Ukraine became evident. Amid continuing inflation and monetary tightening, particularly in Europe and the United States, it is expected that close attention will continue to be necessary regarding the risk that an overseas economic downturn could put downward pressure on Japan's economy, as well as the impact of volatility in financial and capital markets, including foreign exchange markets.」
In addition to the previous supply constraints, inflation and monetary tightening, the disclosure specifies supply-chain fragmentation due to deteriorating US-China relations and identifies downside pressure on the domestic economy. - FY2024-Q1RestatedAnnual report
「During the three-month period ended 30 June, the Japanese economy was gradually recovering, while supply-side constraints became evident globally and inflation and monetary tightening continued, particularly in Europe and the United States. It was necessary to pay close attention to the risk that an economic downturn overseas could put downward pressure on Japan's economy, as well as the impact of volatility in financial and capital markets, including foreign exchange markets.」
The disclosure continues to identify supply constraints, inflation, monetary tightening, an overseas economic downturn, and volatility in foreign exchange and financial and capital markets as risks to the domestic economy. - FY2023-Q3SoftenedAnnual report
「During the nine-month period ended 31 December, the Japanese economy was gradually recovering, while supply-side constraints became evident globally and inflation and monetary tightening continued, particularly in Europe and the United States. It was necessary to pay close attention to the risk that an economic downturn overseas could put downward pressure on Japan's economy, as well as the impact of volatility in financial and capital markets, including foreign exchange markets.」
Supply constraints, inflation, monetary tightening, an overseas economic downturn, and volatility in foreign exchange and financial and capital markets remain risks. However, the wording has been softened from “rapid inflation” in the previous quarter to “inflation.” - FY2023-Q2WorsenedAnnual report
「During the six-month period ended 30 September, the Japanese economy was gradually recovering, while supply-side constraints became evident globally and rapid inflation and monetary tightening continued, particularly in Europe and the United States. It was necessary to pay close attention to the risk that an economic downturn overseas could put downward pressure on Japan's economy, as well as the impact of volatility in financial and capital markets, including foreign exchange markets.」
While describing the recovery in the economy, the disclosure specifies global supply constraints, rapid inflation and monetary tightening, particularly in Europe and the United States, an overseas economic downturn, and volatility in foreign exchange and financial and capital markets as new areas of concern. - FY2023-Q1WorsenedAnnual report
「During the three-month period ended 30 June, the Japanese economy showed signs of a rebound as economic and social activity moved toward normalization, with the effects of various policies, while it was necessary to pay close attention to downside risks from higher raw material prices and supply constraints amid concerns over the prolonged situation in Ukraine and restrictions on economic activity in China, as well as volatility in financial and capital markets, including foreign exchange markets.」
While describing the normalization of economic and social activity and the recovery of the economy, the disclosure specifies the prolonged situation in Ukraine, restrictions on economic activity in China, higher raw material prices, supply constraints, and volatility in foreign exchange and financial and capital markets as new downside factors. - FY2022-Q3The domestic and Indonesian economies began to show clearer signs of a reboundAnnual report
「During the nine-month period ended 31 December, the Japanese and Asian economies faced difficult conditions as COVID-19 variants spread, but the domestic economy began to show signs of a rebound after October as movement restrictions were gradually eased. The Asian economy, particularly Indonesia, where the Group has substantial investment exposure, also remained in difficult conditions but showed signs of a rebound.」
Although difficult conditions resulting from the spread of variants remained, the disclosure states that the easing of movement restrictions after October supported a rebound in the domestic economy, and that the Indonesian economy also showed signs of a rebound. - FY2022-Q2The economy began to show signs of a rebound despite the spread of infectious disease variantsAnnual report
「During the six-month period ended 30 September, the Japanese and Asian economies remained in difficult conditions as COVID-19 variants spread, but signs of a rebound also began to emerge.」
The disclosure states that domestic and international economic conditions remained difficult due to the spread of COVID-19 variants, while signs of a rebound also began to emerge. - FY2022-Q1WorsenedAnnual report
「In Asia, as COVID-19 variants spread, Southeast Asian countries such as Indonesia experienced successive resurgences of infections and, as vaccination progressed in Europe and the United States, were becoming the global epicenter of infections.」
The disclosure cites the spread of COVID-19 variants and the resurgence of infections in Southeast Asia, specifying the risks to overseas economies in greater detail. - FY2021RestatedAnnual report
「During the current consolidated fiscal year, the Japanese economy turned toward recovery from the sharp contraction caused by the COVID-19 pandemic and showed signs of a rebound, although concerns emerged about short-term downside risks from a resurgence of infections.」
While the domestic economy showed signs of recovery and a rebound, the disclosure reconfirms that short-term downside risks from a resurgence of infections remain. - FY2021-Q3WorsenedAnnual report
「During the nine-month period ended 31 December, the Japanese economy turned toward recovery from the sharp contraction caused by the COVID-19 pandemic and showed signs of a rebound, but concerns emerged about short-term downside risks from a resurgence of infections.」
While the domestic economy showed signs of recovery and a rebound, the disclosure newly emphasizes short-term downside risks from a resurgence of infections. - FY2021-Q2WorsenedAnnual report
「During the six-month period ended 30 September, the Japanese economy appeared to have turned toward recovery from the sharp contraction caused by the COVID-19 pandemic, but the pace was slow and domestic demand remained sluggish. In Asia, recovery was progressing in China and Vietnam, which had successfully contained COVID-19, while new infections remained elevated in India, the Philippines and Indonesia, among others, and the economic slowdown was becoming prolonged.」
Although the domestic economy had turned toward recovery, the pace was slow and domestic demand remained sluggish. The disclosure also describes differences in the pace of recovery across Asian countries, persistently high infection numbers in India, the Philippines and Indonesia, among others, and a prolongation of the economic slowdown. - FY2021-Q1WorsenedAnnual report
「During the three-month period ended 30 June, the Japanese economy was in an extremely difficult situation due to the impact of the COVID-19 pandemic. In Asia, China's economy, which is considered to have successfully contained COVID-19, showed signs of a sharp recovery, while economies in other countries, including India, Thailand and Indonesia, were in an extremely difficult situation due to the impact of the pandemic.」
The disclosure states that, in addition to Japan, economies in Asian countries such as India, Thailand and Indonesia were in an extremely difficult situation due to the spread of the pandemic. - FY2020WorsenedAnnual report
「The economy showed weakness in the second half of the fiscal year due to the consumption tax increase, while the COVID-19 pandemic placed substantial additional downward pressure on it, resulting in extremely difficult conditions.」
In addition to the previous economic slowdown and trade issues, the disclosure cites substantial downward pressure from the COVID-19 pandemic, describing the domestic and international economic environment as more challenging. - FY2020-Q3WorsenedAnnual report
「In Asia, China's economy has shown increasingly weak activity, particularly in manufacturing, and is slowing moderately. It faces further downside risks due to developments in and the impact of trade issues between China and the United States, measures addressing excessive debt, and volatility in financial and capital markets. Meanwhile, the recovery in Southeast Asia and South Asian countries has also generally become more moderate.」
The disclosure emphasizes weakness in China's manufacturing sector and an economic slowdown, strengthening the language around the risk of further downside to the economy. It states that the recovery in Southeast Asia and South Asia has also become more moderate. - FY2020-Q1RestatedAnnual report
「In Asia, China's economy is slowing moderately, and faces downside risks due to developments in and the impact of trade issues, measures addressing excessive debt, and volatility in financial and capital markets. Meanwhile, economies in Southeast Asia and South Asian countries are generally showing signs of a moderate recovery.」
The disclosure reconfirms downside risks from China's economic slowdown, trade issues, excessive debt and volatility in financial and capital markets, while stating that Southeast Asia and South Asia are generally showing signs of a moderate recovery. - FY2019-Q3RestatedAnnual report
「In Asia, China's economy faces downside risks due to developments in trade issues, measures addressing excessive debt, and the impact of volatility in financial and capital markets, while economies in Southeast Asia and South Asian countries are generally showing signs of a moderate recovery.」
The disclosure reconfirms downside risks to China's economy from trade issues, excessive debt and volatility in financial and capital markets, while stating that Southeast Asia and South Asia are generally showing signs of a moderate recovery. - FY2019-Q2WorsenedAnnual report
「In Asia, China's economy faces downside risks depending on developments in trade issues, property prices, excessive debt and financial markets, while economies in Southeast Asia and South Asian countries, including India, are recovering moderately.」
For China, the disclosure specifies trade issues and financial market developments, in addition to the previous concerns over property prices and excessive debt, as downside factors for the economy. It states that Southeast Asia and South Asia are recovering moderately. - FY2019-Q1RestatedAnnual report
「In Asia, China's economy faces downside risks stemming from factors including property prices and excessive debt, while economies in Southeast Asia and South Asian countries, including India, are showing signs of a moderate recovery.」
The disclosure cites downside risks to China's economy arising from property prices and excessive debt, while stating that Southeast Asia and South Asia are showing signs of a moderate recovery. - FY2018-Q3WorsenedAnnual report
「Overseas economies were also on a moderate recovery track, but uncertainty about the outlook has persisted due to slower economic growth in emerging economies, particularly China, developments in US policy, and geopolitical risks involving North Korea and Islamic State.」
In addition to the previous slowdown in emerging economies and developments in US policy, the disclosure cites geopolitical risks involving North Korea and Islamic State, specifying the factors contributing to uncertainty about the overseas economy. - FY2018-Q2RestatedAnnual report
「Overseas economies were also on a moderate recovery track, but uncertainty about the outlook has persisted due to slower economic growth in emerging economies, particularly China, and developments in the Trump administration's policies in the United States.」
The disclosure states that uncertainty about the outlook for the overseas economy has persisted due to slower economic growth in emerging economies such as China and developments in US policy. - FY2018-Q1RestatedAnnual report
「Overseas, uncertainty about the outlook for the overseas economy has persisted, including due to slower economic growth in emerging economies, particularly China, and developments in the Trump administration's policies in the United States.」
The disclosure states that uncertainty about the overseas economy has persisted due to slower economic growth in emerging economies such as China and developments in US policy. - FY2017RestatedAnnual report
「During the current consolidated fiscal year, the Japanese economy remained in an uncertain environment, despite being on a moderate recovery track supported by improving employment conditions and resilient personal consumption, due to concerns about the future stemming from an economic slowdown in emerging economies, particularly China, the UK's issue of leaving the European Union (EU), and the policy direction of the new US administration.」
The disclosure reconfirms the uncertainty about the outlook for domestic and international economic conditions, including the policy direction of the new US administration. - FY2017-Q3WorsenedAnnual report
「During the nine-month period ended 31 December, the Japanese economy was on a moderate recovery track, supported by improving employment conditions and resilient personal consumption. However, uncertainty about the outlook for the domestic economy has persisted due to concerns about the future stemming from an economic slowdown in emerging economies, particularly China, the UK's issue of leaving the European Union (EU), and heightened geopolitical risks, including the emergence of new leaders in Europe and the United States.」
In addition to the longstanding economic slowdown in emerging economies and the UK's EU exit issue, the disclosure cites heightened geopolitical risks arising from the emergence of new leaders in Europe and the United States, and states that uncertainty about the domestic economy has persisted. - FY2017-Q2RestatedAnnual report
「During the six-month period ended 30 September, the Japanese economy was on a moderate recovery track, supported by improving employment conditions and resilient personal consumption. However, the yen appreciated amid signs of an economic slowdown in emerging economies, particularly China, and the UK's issue of leaving the European Union (EU), and uncertainty about the outlook for the domestic economy has persisted.」
Against a backdrop of an economic slowdown in emerging economies, the UK's EU exit issue and yen appreciation, among other factors, uncertainty about the outlook for the domestic economy has persisted. The disclosure states that there have been no material changes in business and other risks. - FY2017-Q1RestatedAnnual report
「Overseas, uncertainty about the outlook for the overseas economy has persisted, as the yen appreciated amid signs of an economic slowdown in emerging economies, particularly China, and the United Kingdom's issue of leaving the European Union (EU).」
The disclosure states that uncertainty about the overseas economy has persisted against a backdrop of an economic slowdown in emerging economies such as China, the UK's EU exit issue and yen appreciation. - FY2016First statedAnnual report
「Because our group operates across a range of fields, it is directly and indirectly affected by economic conditions in Japan and overseas. Future economic developments may affect the group's performance and financial position.」
Despite its diversified businesses, the group explicitly identifies exposure to domestic and overseas economic conditions as a risk.