Uncertainty over the Outlook Due to Yen Appreciation, a Slowdown in Overseas Economies and the UK's Withdrawal from the EU
First written in FY2017-Q1. 15 of 25 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2022: 145 of 178 companies on the "Worse" side.
- FY2026-H1Additional U.S. tariff policiesAnnual report
「During the current interim consolidated accounting period, Japan’s economy remained firm as income conditions improved due to wage increases and inbound demand continued to be strong. Meanwhile, raw material and energy costs continue to rise due to factors including geopolitical risks and U.S. tariff policies, and the outlook remains uncertain because of the shortage of workers caused by difficulties hiring personnel, rising labor costs and other factors.」
In addition to the continued recovery in foot traffic and external cost pressures from the previous fiscal year, US tariff policy was newly identified as a factor contributing to uncertainty over the outlook. - FY2025Recovery in foot traffic alongside external cost pressuresAnnual report
「The Japanese economy remained firm during the current consolidated fiscal year as the income environment improved due to wage increases and foot traffic recovered with the expansion of inbound demand. Meanwhile, raw material costs continued to rise due to geopolitical risks, and the outlook remained uncertain amid unstable foreign exchange movements, labour shortages caused by difficulties in hiring, and rising labour costs.」
The disclosure describes the recovery in foot traffic driven by wage increases and inbound demand, while continuing to identify geopolitical risks, raw material costs, foreign exchange movements, labour shortages, and rising labour costs as sources of uncertainty over the outlook. - FY2024-Q1RestatedAnnual report
「The outlook remains uncertain due to factors including surging crude oil prices resulting from the prolonged Russia-Ukraine conflict and rising prices caused by the effects of the sharp depreciation of the yen.」
The disclosure continues to describe uncertainty over the outlook due to the Russia-Ukraine situation, the sharp depreciation of the yen, and rising prices. - FY2023RestatedAnnual report
「Disruptions to the global economy stemming from the situation in Ukraine and the sharp depreciation of the yen have led to surging raw material prices. There are no signs that this trend will abate, and the outlook remains uncertain.」
The disclosure continues to describe uncertainty over the domestic and overseas economic outlook due to the situation in Ukraine, the sharp depreciation of the yen, and surging raw material prices. - FY2023-Q3WorsenedAnnual report
「The outlook remains challenging due to higher raw material and transportation costs resulting from energy-related issues and other factors associated with the prolonged situation in Ukraine, as well as the yen’s sharp depreciation.」
In addition to increases in energy, raw material, and transportation costs stemming from overseas conditions, the disclosure links the sharp depreciation of the yen to the challenging outlook. - FY2023-Q2WorsenedAnnual report
「During the first six months of the current consolidated fiscal year, the seventh wave of COVID-19 forced economic activity, which had been returning to normal, to stagnate. In addition, the outlook remained challenging due to surging raw material and energy prices caused by increasing instability in the international situation.」
In addition to the previous references to uncertainty over the outlook, the disclosure specifically describes the stagnation of economic activity caused by the seventh wave of COVID-19 and surging raw material and energy prices caused by increasing instability in the international situation. - FY2023-Q1RestatedAnnual report
「Meanwhile, soaring raw material prices and other factors amid concern over the prolonged situation in Ukraine, together with the recent sharp increase in the number of people testing positive for COVID-19, have become new areas of concern.」
Although economic and social activity has been moving toward normalisation, the disclosure continues to describe prolonged uncertainty due to the protracted situation in Ukraine, surging raw material prices, and a sharp increase in the number of people testing positive for COVID-19. - FY2022WorsenedAnnual report
「During the current consolidated fiscal year, economic activity in Japan was curbed for an extended period as various measures to prevent the spread of COVID-19 were implemented intermittently. Although conditions subsequently improved as vaccination became more widespread, among other factors, the outlook remained uncertain due to the emergence of new variants and rising geopolitical risks stemming from the situation in Ukraine.」
In addition to the impact of the pandemic, new variants and geopolitical risks stemming from the situation in Ukraine were added as factors contributing to uncertainty over the outlook. - FY2021RestatedAnnual report
「In the coffee shop industry to which the Group belongs, the business environment is expected to remain challenging due to continued declines in customer numbers caused by requests to refrain from going out and shorten business hours to prevent the spread of COVID-19, as well as changes in working arrangements such as telework.」
The disclosure continues to describe an uncertain business environment caused by restrictions on economic activity due to the pandemic, changes in working arrangements, and a decline in customer numbers. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, the Japanese economy was affected by the global curtailment of economic activity due to the spread of COVID-19. The economy deteriorated rapidly, and the outlook remained uncertain.」
The disclosure continues to describe the global curtailment of economic activity due to COVID-19, the deterioration of economic conditions, and uncertainty over the outlook. - FY2020WorsenedAnnual report
「During the current consolidated fiscal year, personal consumption in Japan remained weak due to consumers' strong inclination to economise and other factors. However, the economy continued on a gradual recovery trend, supported by improvements in corporate earnings and employment and income conditions. Nevertheless, economic activity stagnated toward the end of the fiscal year due to the global spread of COVID-19.」
In addition to the previous references to weak personal consumption and uncertainty in overseas economies, the disclosure describes the stagnation of economic activity caused by the global spread of COVID-19. - FY2020-Q3WorsenedAnnual report
「During the first nine months of the current consolidated fiscal year, corporate performance and employment conditions in Japan continued to improve. However, the domestic economic outlook remained uncertain due to the effects of prolonged US-China trade tensions, worsening Japan-South Korea relations, and other factors. Personal consumption also showed some effects from the backlash after the rush in demand ahead of the consumption tax increase. Although it was recovering, consumers remained strongly inclined to economise amid concerns about the future, and the economy showed signs of stagnation.」
In addition to the previous references to uncertainty in overseas economies and US-China trade tensions, the disclosure specifically describes worsening Japan-South Korea relations, the backlash following the consumption tax increase, consumers' inclination to economise, and signs of economic stagnation, indicating that the factors contributing to uncertainty in the domestic and overseas outlook have expanded. - FY2020-Q2WorsenedAnnual report
「During the first six months of the current consolidated fiscal year, the Japanese economy showed signs of a gradual recovery in domestic consumption, supported by improvements in corporate earnings and employment conditions resulting from various policies and other factors. However, the economy showed signs of stagnation amid concerns over the decline in domestic consumption following the October consumption tax increase. In addition, the environment surrounding the Japanese economy has become increasingly challenging due to the prolonged US-China trade tensions.」
In addition to the previous references to uncertainty in overseas economies and other factors, the disclosure specifically describes concerns over the decline in domestic consumption following the consumption tax increase and the deterioration of the environment due to prolonged US-China trade tensions. - FY2020-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal year, the Japanese economy remained on a gradual recovery trend, supported by improved corporate earnings and employment conditions, although personal consumption remained weak. Concerns remain over the impact on the global economy, including the slowdown in China's economy against the backdrop of US-China trade tensions, and the outlook for the real economy remains uncertain.」
In addition to the previous references to uncertainty in overseas economies and other factors, the disclosure specifically describes the slowdown in China's economy against the backdrop of US-China trade tensions and concerns over the impact on the global economy. - FY2019RestatedAnnual report
「The outlook for the real economy remains uncertain due to factors including growing uncertainty in overseas economies, such as concerns over US-China trade frictions and the UK’s exit from the EU, and the impact of volatility in financial and capital markets.」
The outlook remains uncertain due to US-China trade tensions, the UK's Brexit issue, uncertainty in overseas economies, and volatility in the financial and capital markets. - FY2019-Q3RestatedAnnual report
「During the nine months ended December, the Japanese economy continued on a gradual recovery trend, supported in part by the effects of the government’s economic and financial measures, as reflected in improvements in corporate earnings and the employment and income environment. However, personal consumption remained weak due to a persistent preference for thrift, and the outlook for the real economy remained uncertain due to factors including protectionist trade policies in overseas economies and the impact of volatility in financial and capital markets.」
The Company continues to cite weak personal consumption, uncertainty in overseas economies and uncertainty over the outlook due to volatility in financial and capital markets. - FY2019-Q2RestatedAnnual report
「During the six months ended September, the Japanese economy continued on a gradual recovery trend, as reflected in improvements in corporate earnings and the employment and income environment. However, personal consumption remained weak due to stagnant income growth and a persistent preference for thrift, and the outlook for the real economy remained uncertain due to factors including uncertainty in overseas economies and the impact of volatility in financial and capital markets.」
The Company continues to cite weak personal consumption, uncertainty in overseas economies and uncertainty over the outlook due to volatility in financial and capital markets. - FY2018RestatedAnnual report
「During the fiscal year, the Japanese economy continued on a gradual recovery trend, supported in part by the effects of the government’s economic and monetary policies, as reflected in improvements in corporate earnings and the employment and income environment and buoyant stock markets. However, personal consumption remained weak due to a persistent preference for thrift, and the outlook for the real economy remained uncertain due to factors including uncertainty in overseas economies against the backdrop of policy trends under the US administration and the impact of volatility in financial and capital markets.」
The Company continues to cite weak personal consumption, uncertainty in overseas economies and uncertainty over the outlook due to volatility in financial and capital markets. - FY2018-Q3RestatedAnnual report
「During the nine months ended December, the Japanese economy continued on a gradual recovery trend, supported in part by the effects of the government’s economic and financial measures, as reflected in improvements in corporate earnings and buoyant stock markets. However, personal consumption remained weak due to stagnant income growth and a persistent preference for thrift, and the outlook for the real economy remained uncertain due to factors including uncertainty in overseas economies and the impact of volatility in financial and capital markets.」
The Company continues to cite weak personal consumption, uncertainty in overseas economies and uncertainty over the outlook due to volatility in financial and capital markets. - FY2018-Q2RestatedAnnual report
「During the six months ended September, the Japanese economy continued on a gradual recovery trend, as reflected in improvements in corporate earnings and the employment and income environment. However, personal consumption remained weak due to stagnant income growth and a persistent preference for thrift, and the outlook for the real economy remained uncertain due to factors including uncertainty in overseas economies and the impact of volatility in financial and capital markets.」
The Company continues to cite weak personal consumption, uncertainty in overseas economies and uncertainty over the outlook due to volatility in financial and capital markets. - FY2018-Q1RestatedAnnual report
「During the three months ended June, the Japanese economy continued on a gradual recovery trend, as reflected in improvements in corporate earnings and the employment and income environment. However, personal consumption remained weak, and the outlook for the real economy remained uncertain due to factors including uncertainty in overseas economies and the impact of volatility in financial and capital markets.」
The Company continues to cite weak personal consumption, uncertainty in overseas economies and uncertainty over the outlook due to volatility in financial and capital markets. - FY2017RestatedAnnual report
「During the fiscal year, the Japanese economy continued on a gradual recovery trend, supported by the continuation of the government’s economic measures and the Bank of Japan’s monetary easing policy, as reflected in improvements in corporate earnings and the employment and income environment. However, the outlook remains uncertain due to factors including uncertainty in overseas economies and the impact of volatility in financial and capital markets.」
The company continues to identify uncertainty in the outlook stemming from uncertainty in overseas economies and volatility in financial and capital markets. - FY2017-Q3RestatedAnnual report
「During the nine months ended December, the Japanese economy continued on a gradual recovery trend, supported by the continuation of the government’s economic policies and the Bank of Japan’s monetary easing policy, as reflected in improvements in corporate earnings and the employment and income environment. However, the outlook remains uncertain due to factors including uncertainty in overseas economies and the impact of volatility in financial and capital markets.」
The company continues to identify uncertainty in overseas economies and volatility in financial and capital markets as factors contributing to an uncertain outlook. - FY2017-Q2RestatedAnnual report
「The outlook remains uncertain due to factors including the economic slowdown in emerging Asian countries and elsewhere and the choice to leave the EU in the UK referendum.」
The Company identified the economic slowdown in emerging Asian countries and elsewhere and the UK’s choice to leave the EU as factors contributing to uncertainty over the outlook, continuing from the previous quarter. - FY2017-Q1First statedAnnual report
「The outlook remains uncertain due to factors including the economic slowdown in emerging Asian countries and elsewhere and the choice to leave the EU in the UK referendum.」
In addition to the trend toward yen appreciation, the Company newly identified the economic slowdown in emerging Asian countries and elsewhere and the UK’s choice to leave the EU as factors contributing to uncertainty over the outlook.