Downturn in overseas economies and uncertainty about the outlook
First written in FY2017-Q2. 22 of 33 entries say "Restated". Latest entry: 2026-08-14.
The whole theme swung hardest in 2019: 99 of 177 companies on the "Worse" side.
- 2026-08-14ReframedEarnings
「一方で、原材料・エネルギー価格の高止まりや為替相場の変動に加え、地政学的リスクの高まりなどを背景とした物価上昇が個人消費に与える影響も懸念されており、先行き不透明な状況が続いております。」
回復基調を示す一方、地政学的リスクを含む物価上昇の個人消費への影響を不透明要因として記載している。 - FY2026ReframedAnnual report
「Inbound demand is expanding, and a gradual recovery is evident due to improvements in employment and income conditions resulting from wage increases. However, the outlook remains uncertain, with concerns over the impact on private consumption through rising prices amid persistently high raw material and energy prices, exchange-rate trends and geopolitical risks such as the situation in the Middle East.」
The company identifies inbound demand and improvements in employment and income conditions as factors supporting the recovery, while specifying raw material and energy prices, foreign exchange, the situation in the Middle East and their impact on private consumption as sources of uncertainty. - FY2026-H1ReframedAnnual report
「During the interim period of the current fiscal year, the Japanese economy remained on a recovery track due to expanding inbound demand and improvements in employment conditions, including wage increases. However, the outlook remains uncertain due to the increasing risk of an economic downturn resulting from US trade policy, the impact of continued price increases on private consumption through factors such as weaker consumer sentiment, and volatility in financial and capital markets.」
While indicating a recovery supported by inbound demand and improvements in employment conditions, the company specifies US trade policy, rising prices and volatility in financial and capital markets as new sources of uncertainty, including their effects on an economic downturn and private consumption. - FY2025RestatedAnnual report
「Although improvements in private consumption and inbound demand are evident, the outlook remains uncertain due to continued price increases resulting from sharp exchange-rate movements, international conditions and other factors.」
While acknowledging improvements in private consumption and inbound demand, the company continues to describe uncertainty about the outlook due to exchange-rate movements, international conditions and rising prices. - FY2025-H1ReframedAnnual report
「The filing states that there were no material changes in the emergence of new business risks or in the business risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new risks or material changes to existing risks. Economically, the description has changed to indicate improvements in private consumption and inbound demand while stating that the outlook is uncertain due to price increases caused by the weaker yen and international conditions. - FY2024RestatedAnnual report
「The transition out of COVID-19 is currently evident and the economy is gradually recovering as social and economic activity normalizes. Meanwhile, the outlook remains uncertain due to unstable international conditions and the prolonged rise in prices.」
While acknowledging the normalization of social and economic activity and a gradual recovery, the company continues to describe uncertainty about the outlook due to unstable international conditions and the prolonged rise in prices. - FY2024-Q3RestatedAnnual report
「During the third quarter of the current fiscal year, the transition out of COVID-19 became evident and the economy was gradually recovering as social and economic activity normalized. Meanwhile, the outlook remains uncertain due to unstable international conditions and the prolonged rise in prices.」
While acknowledging the normalization of social and economic activity and a gradual recovery, the company continues to describe uncertainty about the outlook due to unstable international conditions and the prolonged rise in prices. - FY2024-Q2ReframedAnnual report
「During the second quarter of the current fiscal year, the transition out of COVID-19 became evident and the economy was gradually recovering as social and economic activity normalized. Meanwhile, the outlook remains uncertain due to unstable international conditions and the prolonged rise in prices.」
While acknowledging the normalization and recovery of social and economic activity following the transition out of COVID-19, the company identifies unstable international conditions and the prolonged rise in prices as new sources of uncertainty about the outlook. - FY2024-Q1RestatedAnnual report
「During the three-month period ended June 30, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
The Company says there have been no new business or other risks or significant changes to existing risks. - FY2023ReframedAnnual report
「Restrictions on activities to prevent COVID-19 infection are currently being eased, raising expectations for a recovery in inbound demand, and signs of a recovery in the domestic economy are beginning to emerge. At the same time, changes in the consumption environment, soaring prices for raw materials, supplies and energy, and worsening hiring conditions are making management increasingly difficult.」
The company now acknowledges the easing of activity restrictions and signs of a recovery in the domestic economy, while identifying deterioration in the consumption environment, resource prices and hiring conditions as new concerns, rather than focusing on uncertainty due to infectious diseases, the situation in Ukraine and the weaker yen. - FY2023-Q3ReframedAnnual report
「During the third quarter of the current fiscal year, Japan's social and economic activity was moving toward normalization, including the resumption of accepting foreign tourists, following the lifting of priority preventive measures. However, repeated increases in infections mean that the outlook remains uncertain. In addition, the situation in Ukraine and the weaker yen are raising concerns about adverse effects on domestic consumption.」
While referring to the normalization of social and economic activity and the resumption of accepting foreign tourists, the company specifies renewed increases in infections, the situation in Ukraine, the weaker yen and adverse effects on domestic consumption as new sources of uncertainty. - FY2023-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year, and there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The Company says there have been no new business or other risks or significant changes to existing risks. - FY2023-Q1RestatedAnnual report
「During the three-month period ended June 30, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
The Company states that there have been no new business or other risks or significant changes. - FY2022-Q3RestatedAnnual report
「During the third quarter of the current fiscal year, economic activity began to show signs of recovery following the lifting of the state of emergency. However, the operating environment remained challenging due in part to requests from the national and local governments for business restrictions exceeding those of the previous year. The outlook also remains uncertain, including because of concerns over the spread of the Omicron variant.」
While acknowledging signs of a recovery in economic activity, the company continues to describe uncertainty about the outlook due to requests for business restrictions and concerns over the spread of the Omicron variant. - FY2022-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year, and there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The Company says there have been no new business or other risks or significant changes to existing risks. - FY2022-Q1RestatedAnnual report
「During the three-month period ended June 30, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
The Company says there have been no new business or other risks or significant changes to existing risks. - FY2021-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year, and there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new business or other risks or significant changes in existing risks. - FY2021-Q2RestatedAnnual report
「The impact of COVID-19 continues, and although revenue has been gradually recovering since the government's state of emergency was lifted, the outlook remains uncertain.」
The company indicates that the impact of COVID-19 continues and that the outlook remains uncertain even after revenue began to recover. - FY2021-Q1RestatedAnnual report
「During the three-month period ended June 30, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
The Company says there have been no new business or other risks or significant changes to existing risks. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year, and there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new business or other risks or material changes to existing risks, and continues to recognize existing risks, including overseas economic conditions. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year, and there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The Company says there have been no new business or other risks or significant changes to existing risks. - FY2020-Q1RestatedAnnual report
「During the three-month period ended June 30, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
The company states that there have been no new business or other risks or material changes to existing risks, and continues to recognize existing risks, including overseas economic conditions. - FY2019ReframedAnnual report
「The Japanese economy is expected to remain on a moderate recovery track. However, in the food service industry, the operating environment surrounding the Group is expected to become increasingly challenging due to intensifying competition, rising food ingredient prices and higher employment costs resulting from improvements in employment conditions.」
The wording has changed from a focus on uncertainty about the outlook due to overseas economic conditions and geopolitical factors to an expression that indicates expectations for a recovery in the Japanese economy while emphasizing the challenging operating environment caused by intensifying competition in the food service industry, food ingredient prices and rising labor costs. - FY2019-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year, and there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new business or other risks or material changes to existing risks, and continues to use its existing risk assessment. - FY2019-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year, and there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new business or other risks or material changes to existing risks, and continues to use its existing risk assessment. - FY2019-Q1RestatedAnnual report
「During the three-month period ended June 30, there were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year.」
The company states that there have been no new business or other risks or material changes to existing risks, and continues to use its existing risk assessment. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year, and there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no new business or other risks or material changes to existing risks, indicating no substantial change in its risk assessment. - FY2018-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second quarter of the current consolidated fiscal year, and there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The Company states that there have been no new business or other risks or significant changes. - FY2018-Q1ReframedAnnual report
「During the first quarter of the current fiscal year, the Japanese economy remained on a moderate recovery track, with some signs of improvement in corporate earnings and private consumption. However, concerns over US policy management, developments in the Chinese economy and rising geopolitical risks mean that the outlook remains uncertain.」
Although the view that the outlook remains uncertain continues, the wording has changed from the conventional general reference to a downturn in overseas economies and similar factors to a specific listing of US policy management, the Chinese economy and geopolitical risks. - FY2017-Q3RestatedAnnual report
「However, there are also downside risks to the economy, such as a downturn in overseas economies, and the outlook therefore remains uncertain.」
The same content as previously is provided regarding a downturn in overseas economies and uncertainty about the outlook. - FY2017-Q2First statedAnnual report
「However, there are also downside risks to the economy, such as a downturn in overseas economies, and the outlook therefore remains uncertain.」
Downside factors affecting the economy, such as a downturn in overseas economies, are described as external risks.