Global Economic Uncertainty Due to Surging Commodity Prices
First written in FY2022-Q3. 11 of 15 entries say "Worsened", first in FY2022. Latest entry: 2026-11-10.
Nihon Denkei moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2018: 2 of 6 companies on the "Worse" side.
6 other companies' latest entry also says "Worsened".
- 2026-11-10WorsenedRevision to earnings forecast
「Inflation has progressed and concerns about inflation have increased against a backdrop of higher energy prices following developments in the Middle East and Iran, the weaker yen and other factors. In addition, uncertainty about the outlook remains high due to global interest rate increases against a backdrop of rate hikes in major countries and fiscal concerns, continuing geopolitical tensions in various countries and regions, economic stagnation in China and Europe, labour shortages and other factors.」
エネルギー価格上昇、円安、世界的な金利上昇、財政不安などが加わり、物価・金利・地政学面の不確実性が引き続き高い状況として示された。 - FY2027-H1WorsenedAnnual report
「Inflation has progressed and concerns about inflation have increased against a backdrop of higher energy prices following developments in the Middle East and Iran, the weaker yen and other factors. In addition, global interest rates have risen against a backdrop of rate hikes in major countries and fiscal concerns.」
Regarding the risk of higher resource and energy prices, the disclosure identified higher energy prices against a backdrop of developments in the Middle East and Iran, as well as the weaker yen, global interest rate increases and fiscal concerns. - 2026-08-07WorsenedResults
「中東・イラン情勢を受けたエネルギー価格の上昇や円安等を背景に物価高が進展し、インフレ懸念は高まっております。」
中東・イラン情勢を背景とするエネルギー価格上昇、円安、物価高、インフレ懸念の高まりが示されている。 - FY2026WorsenedAnnual report
「In addition to higher crude oil prices and rising prices, higher interest rates and labor shortages resulting from the situation in the Middle East and Iran, geopolitical risks have increased amid a deterioration in global conditions, and uncertainty about the outlook remains high due to economic stagnation in China and Europe, among other factors.」
For resource price and inflation-related risks, higher crude oil prices, rising prices and higher interest rates against the backdrop of the situation in the Middle East and Iran were explicitly identified, indicating that the previous period's risks related to rising prices and monetary policy are continuing and becoming more concrete. - 2026-05-13WorsenedResults
「In addition to higher crude oil prices and rising prices, higher interest rates and labor shortages resulting from the situation in the Middle East and Iran, geopolitical risks have increased amid a deterioration in global conditions, and uncertainty about the outlook remains high due to economic stagnation in China and Europe, among other factors.」
原油高・物価高の進展、金利上昇、地政学リスクの高まりが、資源価格・インフレ関連の不確実性として具体化している。 - FY2026-H1RestatedAnnual report
「Although excessive concern over an economic slowdown resulting from US tariff policy has eased, uncertainty about the outlook remains high due to rising prices, labor shortages, economic stagnation in China and Europe, and geopolitical risks related to the situations in Ukraine and the Middle East.」
While excessive concern over US tariff policy has eased, uncertainty related to resource prices and inflation, including rising prices, labor shortages and geopolitical risks, continues to be identified. - FY2025WorsenedAnnual report
「Uncertainty over the outlook increased due to concerns about a slowdown in the global economy resulting from US tariff policy, in addition to inflation, labor shortages, economic stagnation in China and Europe, and rising geopolitical risks against a backdrop of the situations in Ukraine and the Middle East.」
For resource price and inflation-related risks, in addition to rising prices and labor shortages, the possibility of a renewed rise in inflation and an economic downturn resulting from US tariff policy was newly identified. - FY2024-Q2WorsenedAnnual report
「However, concerns about a renewed rise in inflation due to higher crude oil prices and yen depreciation, among other factors, and elevated interest rates associated with the continued monetary tightening by European and U.S. countries」
For resource price and inflation-related risks, renewed concerns about inflation driven by higher crude oil prices and a weaker yen, as well as persistently high interest rates in the US and Europe, were identified, indicating that the previous period's concerns over rising prices and interest rate hikes are continuing and becoming more concrete. - FY2024-Q1RestatedAnnual report
「In addition to declining real wages as prices rise, the effects of concerns about an economic slowdown associated with policy rate hikes by European and U.S. countries aimed at curbing inflation, heightened geopolitical risks arising from Russia’s invasion of Ukraine and escalating tensions between the United States and China, and concerns about financial system stability in Europe and the United States, among other factors」
Higher prices and declining real wages, rate hikes in Europe and the United States, concerns about an economic slowdown, the invasion of Ukraine, tensions between the United States and China, and concerns about financial system stability in Europe and the United States continue to be presented as sources of uncertainty related to resource prices and inflation. - FY2023WorsenedAnnual report
「Rising prices; concerns over an economic recession accompanying policy rate hikes by Western countries aimed at curbing inflation; Russia's invasion of Ukraine; heightened geopolitical risks against the backdrop of escalating tensions between the US and China; and concerns over the financial systems of Western countries, among other factors」
A situation was presented in which the risks of rising resource and consumer prices coexist with policy rate hikes in Europe and the United States, concerns about an economic slowdown, geopolitical risks and concerns about financial system stability in Europe and the United States. - FY2023-Q3RestatedAnnual report
「In addition to higher prices reflecting surging raw material costs and yen depreciation, concerns about an economic slowdown associated with policy rate hikes by European and U.S. countries aimed at curbing inflation」
Higher raw material and consumer prices, yen depreciation, and concerns about an economic slowdown caused by rate hikes in Europe and the United States continue to be identified as related factors in the risk of rising resource prices. - FY2023-Q2WorsenedAnnual report
「In addition to higher costs resulting from rising resource prices and the rapid depreciation of the yen, concerns about a global economic slowdown associated with policy rate hikes by European and U.S. countries aimed at curbing inflation」
Concerns over surging resource and energy prices were presented in connection with higher costs caused by rapid yen depreciation, rate hikes in Europe and the United States, and concerns about a global economic slowdown, indicating that the burden on the economy is increasing. - FY2023-Q1WorsenedAnnual report
「Rising crude oil and natural gas prices due to Russia’s invasion of Ukraine, supply chain disruptions caused by shortages of semiconductors and other components and lockdowns in Chinese cities, and growing cost pressures due to the historic depreciation of the yen, among other factors」
Surging resource prices continue to be presented as a specific economic burden involving higher crude oil and natural gas prices and cost pressures caused by yen depreciation, rather than simply as the previously cited concern over rising energy and resource prices. - FY2022WorsenedAnnual report
「The outlook for the global economy became uncertain due to US-China trade friction and Russia's invasion of Ukraine, which caused further semiconductor shortages and soaring energy and resource prices.」
Concerns about surging resource prices became more specific as surging energy and resource prices linked to Russia’s invasion of Ukraine, together with a further worsening of the semiconductor shortage, were highlighted. - FY2022-Q3First statedAnnual report
「In addition to surging resource prices, infections with the Omicron variant of the novel coronavirus have recently been spreading rapidly worldwide, and the global economy remains in a situation that warrants close attention.」
Surging resource prices were explicitly identified for the first time as a source of global economic uncertainty, alongside shortages of semiconductors and electronic components and the spread of infections with the Omicron variant of the novel coronavirus.