Uncertainty over the Outlook for the Global Economy, Foreign Exchange and Other Factors

「The business environment remained uncertain due to the impact of the situation in the Middle East and volatility in the financial and capital markets.」

「During the interim consolidated accounting period, Japan's economy was expected to continue its gradual recovery as employment and income conditions improved and various government policies took effect. However, it remained uncertain because of the impact of the situation in the Middle East and US trade policy, as well as volatility in financial and capital markets.」

「The business environment remained uncertain due to the impact of the situation in the Middle East and U.S. trade policies, as well as volatility in the financial and capital markets.」

「The economy is expected to remain uncertain because of downside risks caused by the impact of US trade policy and lower consumer sentiment resulting from continued price increases, as well as volatility in financial and capital markets.」

「During the interim consolidated accounting period, Japan's economy was expected to continue its gradual recovery as employment and income conditions improved and various government policies took effect. However, it remained uncertain because of downside risks to economic conditions caused by lower consumer sentiment resulting from the impact of US trade policy and continued price increases, as well as volatility in financial and capital markets.」

「The economy is expected to remain uncertain because of downside risks to overseas economies resulting from the continued high interest rate environment in Europe and the United States and the continued stagnation of China's property market, as well as rising prices, future US policy developments, the situation in the Middle East, and volatility in financial and capital markets.」

「During the cumulative second quarter of the fiscal year, Japan's economy was expected to continue its gradual recovery as employment and income conditions improved and various government policies took effect. However, it remained uncertain because of downside risks to overseas economies resulting from global monetary tightening, rising prices, the situation in the Middle East, and the impact of the 2024 Noto Peninsula Earthquake.」

「During the cumulative first quarter of the fiscal year, Japan's economy was expected to continue its gradual recovery as employment and income conditions improved and various government policies took effect. However, it remained uncertain because of downside risks to overseas economies resulting from global monetary tightening, rising prices, the situation in the Middle East, and the impact of the 2024 Noto Peninsula Earthquake.」

「During the cumulative third quarter of the fiscal year, Japan's economy was expected to recover as employment and income conditions improved and various government policies took effect. However, it remained uncertain because of downside risks to overseas economies resulting from continued global monetary tightening, rising prices, and volatility in financial and capital markets.」

「During the cumulative second quarter of the fiscal year, Japan's economy was expected to recover as various government policies took effect under the conditions of living with COVID-19. However, it remained uncertain because of downside risks to overseas economies resulting from continued global monetary tightening, rising prices, supply-side constraints, and volatility in financial and capital markets.」

「During the cumulative first quarter of the fiscal year, Japan's economy was expected to recover as various government policies took effect under the conditions of living with COVID-19. However, it remained uncertain because of downside risks to overseas economies resulting from continued global monetary tightening, rising prices, supply-side constraints, and volatility in financial and capital markets.」

「During the fiscal year, Japan's economy showed signs of recovery as the transition to a new phase of living with COVID-19 progressed and various government policies took effect. However, it remained uncertain because of downside risks to overseas economies resulting from the situation in Ukraine and global monetary tightening, as well as the sharp depreciation of the yen, rising prices and supply-side constraints.」

「During the cumulative third quarter of the fiscal year, Japan's economy showed signs of recovery as various government policies took effect. However, it remained uncertain because of downside risks including the renewed spread of the novel coronavirus disease, higher raw material prices resulting from the situation in Ukraine and elsewhere, the impact of global monetary tightening, and supply-side constraints.」

「During the cumulative second quarter of the fiscal year, Japan's economy showed signs of recovery as the severe conditions caused by the novel coronavirus disease eased and various government policies took effect alongside an improvement in overseas economies. However, it remained uncertain because of downside risks including higher raw material prices resulting from the situation in Ukraine and elsewhere, volatility in financial and capital markets, and supply-side constraints.」

「During the cumulative first quarter of the fiscal year, Japan's economy showed signs of recovery as various government policies took effect and overseas economies improved, despite the continuing severe conditions caused by the novel coronavirus disease. However, it remained uncertain because of downside risks from the impact of a renewed spread of infections, supply-side constraints, trends in raw material prices, and volatility in financial and capital markets.」

「Japan's economy is expected to remain uncertain, despite signs of a recovery as economic and social activity affected by the novel coronavirus disease moves toward normalisation, supported by the effects of various government policies and an improvement in overseas economies, because of downside risks arising from supply-side constraints and trends in raw material prices.」

「During the cumulative third quarter of the fiscal year, Japan's economy remained uncertain amid the impact of the reissuance of the state of emergency and other measures following the spread of the novel coronavirus disease, as well as further downside risks to domestic and overseas economies because the timing of containment remained unclear.」

「During the cumulative second quarter of the fiscal year, Japan's economy remained uncertain amid the impact of the reissuance of the state of emergency following the spread of the novel coronavirus disease and further downside risks to domestic and overseas economies because the timing of containment remained unclear.」

「During the cumulative first quarter of the fiscal year, Japan's economy remained uncertain amid the impact of the reissuance of the state of emergency following the spread of the novel coronavirus disease and further downside risks to domestic and overseas economies because the timing of containment remained unclear.」

「During the fiscal year, Japan's economy remained uncertain amid a rapid deterioration in economic conditions resulting from the declaration of a state of emergency following the spread of the novel coronavirus disease and the impact thereof, as well as further downside risks to domestic and overseas economies because the timing of containment remained unclear.」

「During the cumulative third quarter of the fiscal year, Japan's economy remained uncertain amid a rapid deterioration in economic conditions resulting from the declaration of a state of emergency following the spread of the novel coronavirus disease and the impact thereof, as well as further downside risks to domestic and overseas economies because the timing of containment remained unclear.」

「During the cumulative second quarter of the fiscal year, Japan's economy remained uncertain amid concerns over a slowdown in the Chinese economy resulting from the prolonged US-China trade friction, a rapid deterioration in economic conditions caused by the spread of the novel coronavirus disease, and further downside risks to domestic and overseas economies.」

「During the cumulative first quarter of the fiscal year, Japan's economy remained on a path of modest recovery as employment and income conditions continued to improve and various government policies took effect. However, it remained uncertain amid concerns over a slowdown in the Chinese economy resulting from the prolonged US-China trade friction and downside risks to domestic and overseas economies arising from the novel coronavirus disease.」

「During the cumulative third quarter of the fiscal year, Japan's economy remained on a path of modest recovery as employment and income conditions continued to improve. However, it remained uncertain amid a slowdown in the Chinese economy resulting from the prolonged US-China trade friction and uncertainties regarding overseas economic conditions and policies.」

「During the cumulative second quarter of the fiscal year, Japan's economy remained on a path of modest recovery as employment and income conditions and corporate earnings continued to improve. However, it remained uncertain amid a slowdown in the Chinese economy resulting from the prolonged US-China trade friction and uncertainties regarding overseas economic conditions and policies.」

「During the cumulative first quarter of the fiscal year, Japan's economy remained on a path of modest recovery as employment and income conditions and corporate earnings continued to improve. However, it remained uncertain amid concerns over a slowdown in the Chinese economy resulting from the prolonged US-China trade friction and uncertainties regarding overseas economic conditions and policies.」

「During the fiscal year, Japan's economy remained on a path of modest recovery as employment and income conditions and corporate earnings continued to improve. However, it remained uncertain amid concerns over a slowdown in the global economy resulting from escalating US-China trade friction, uncertainties surrounding political developments in Europe and the United States, and rising geopolitical risks.」

「Although employment and income conditions and corporate earnings continued to improve and the economy remained on a path of modest recovery, it remained uncertain amid the potential impact of developments in trade issues, particularly those involving the United States, on the global economy, uncertainties surrounding political developments in Europe and the United States, and rising geopolitical risks.」

「Although employment and income conditions and corporate earnings continued to improve and the economy remained on a path of modest recovery, it remained uncertain amid uncertainties surrounding political developments in Europe and the United States and rising geopolitical risks.」

「Although employment and income conditions and corporate earnings continued to improve and the economy remained on a path of modest recovery, it remained uncertain amid concerns over political developments in Europe and the United States and rising geopolitical risks.」

「During the cumulative second quarter of the fiscal year, Japan's economy remained on a path of modest recovery as employment and income conditions and corporate earnings continued to improve. However, it remained uncertain amid concerns over a slowdown in emerging economies and political developments in Europe and the United States.」

「In the wire and cable industry in which the Group operates, the price of copper, the principal raw material for electric wires and cables, averaged ¥678 thousand per tonne during the period, up 11.5% from the year-earlier average of ¥608 thousand (copper price movements: ¥550 thousand per tonne at the beginning of the period, low of ¥550 thousand in November 2016, high of ¥720 thousand in November 2016, and ¥720 thousand at the end of the first quarter). Shipments for construction and electrical equipment distributors also remained on a declining trend compared with the same period of the previous year.」

「The economy remained uncertain amid the appreciation of the yen and decline in share prices since the start of the year, concerns over a slowdown in the global economy stemming from the slowdown in emerging economies, particularly China, and issues including the UK's withdrawal from the EU.」