Social and geopolitical risks, including war and terrorism, at overseas locations

「Uncertainty about the outlook persisted, including disruption to supply chains resulting from geopolitical risks related to conditions in the Middle East and elsewhere.」

「Risks related to raw material procurement and soaring prices resulting from the closure of the Strait of Hormuz and other developments stemming from the situation in the Middle East are anticipated. However, because the outlook remains uncertain at this time, these risks have not been reflected in the earnings forecast.」

「Country risks, including unstable social conditions such as war and terrorism, in countries where the Group has business bases or in other countries related to its operations could adversely affect the Group's operating results and financial position.」

「However, the outlook remained uncertain due to concerns about a slowdown in overseas economies caused by soaring resource and raw material prices associated with the prolonged situation in Ukraine, higher prices caused by the weaker yen, the stagnation of the Chinese economy, the situation in the Middle East and the impact of global monetary tightening.」

「Uncertainty about the outlook continues amid concerns about a global economic slowdown resulting from the prolonged situation in Ukraine and global monetary tightening, surging resource and raw material prices, rising prices owing to yen depreciation, and geopolitical risks stemming from tensions between the United States and China.」

「Meanwhile, uncertainty about the outlook continues, including growing concerns about an economic slowdown resulting from the prolonged situation in Ukraine, rising raw material prices and soaring prices accompanying the sharp depreciation of the yen.」

「However, the outlook remained uncertain owing to restrictions on economic activity accompanying the renewed spread of new virus variants and trends in raw material prices. “In addition, personal consumption weakened again as inflation continued amid the worsening situation in Ukraine and rising energy prices.”」

「Country risks, including unstable social conditions such as war and terrorism, in countries where the Group has business bases or in other countries related to its operations could adversely affect the Group's operating results and financial position.」

「Country risks, including unstable social conditions such as war and terrorism, in countries where the Group has business bases or in other countries related to its operations could adversely affect the Group's operating results and financial position.」

「The economic outlook remains uncertain against a backdrop that includes rising geopolitical risks in the Middle East, the impact of the spread of a novel respiratory virus on the global economy, disruption accompanying the UK's withdrawal from the EU, and an economic slowdown resulting from prolonged trade friction between the United States and China.」

「Country risks, including unstable social conditions such as war and terrorism, in countries where the Group has business bases or in other countries related to its operations could adversely affect the Group's operating results and financial position.」

「The economic outlook remains uncertain against a backdrop that includes concerns over international trade friction resulting from US trade policy, developments in the Chinese economy and rising geopolitical risks in East Asia.」

「During the six-month consolidated cumulative period, the economies of the United States, Europe and China generally remained on a recovery trend, but the outlook remained uncertain amid concerns about international trade friction arising from US trade policy, developments in the Chinese economy and rising geopolitical risks in East Asia.」

「The economic outlook has become uncertain against a backdrop that includes concerns that US trade policy could develop into an international trade dispute and rising geopolitical risks in East Asia.」

「In Asia, conditions remained uncertain amid steady domestic and external demand in China, owing in part to the impact of trade friction between the United States and China and geopolitical risks related to North Korea.」

「Geopolitical risks related to North Korea and other matters remain a concern.」

「Geopolitical risks related to North Korea and other matters remain a concern.」

「Country risks, including unstable social conditions such as war and terrorism, in countries where the Group has business bases or in other countries related to its operations could adversely affect the Group's operating results and financial position.」

「However, uncertainty about the outlook continues, owing to instability in foreign exchange and equity markets following the US presidential election, the UK's withdrawal from the EU in Europe, and developments in various countries.」

「However, there were also unstable factors, including disruption in global financial markets caused by the UK's withdrawal from the EU, global pressure toward low interest rates stemming from continued monetary easing in Japan and Europe, and diminished expectations of US interest rate hikes as the United States monitored overseas economic conditions.」

「Unstable financial markets resulting from the UK's withdrawal from the EU and geopolitical risks related to conditions in Europe and the Middle East persisted, leaving the economy generally stagnant and its outlook uncertain.」

「Country risks, including unstable social conditions such as war and terrorism, in countries where the Group has business bases or in other countries related to its operations could adversely affect the Group's operating results and financial position.」