Concerns over downside risks to the global economy stemming from the UK's withdrawal from the EU
First written in FY2016-Q3. 11 of 26 entries say "Restated". Latest entry: FY2024-Q1.
Altech moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).
The whole theme swung hardest in 2025: 15 of 18 companies on the "Worse" side.
19 other companies' latest entry also says "Dropped".
- FY2024-Q1DroppedAnnual report
「Overseas, conditions remained uncertain amid downside risks including the Russia-Ukraine situation, conditions in the Middle East, volatility in the financial and capital markets, and slowing growth in the Chinese economy.」
There is no separate reference to the UK's withdrawal from the EU. The risk factors for the overseas economy have been changed to the Russia-Ukraine situation, the situation in the Middle East, financial markets and the Chinese economy. - FY2023-Q3WorsenedAnnual report
「Overseas, conditions remained uncertain due to persistently high resource prices resulting from the prolonged Russia-Ukraine situation, financial instability triggered by bank failures in the United States and the rescue merger of a major Swiss financial institution, global monetary tightening, and a slowdown in China's economic recovery after the lifting of its zero-COVID policy.」
In addition to the previous risks involving the pandemic, geopolitics and trade issues, financial instability triggered by the failure of U.S. banks and the rescue merger of a major Swiss financial institution, as well as global monetary tightening, are cited as sources of uncertainty for the overseas economy. - FY2023-Q2ReframedAnnual report
「Meanwhile, although the impact of COVID-19 on the economies of many countries overseas was beginning to fade, conditions remained uncertain due to downside risks including soaring resource prices resulting from Russia's invasion of Ukraine and global monetary tightening.」
While the impact of the pandemic on the overseas economy is beginning to fade, the focus has shifted to soaring resource prices resulting from the Russia-Ukraine situation and global monetary tightening as sources of uncertainty. - FY2022WorsenedAnnual report
「Downside risks, including higher energy prices resulting from Russia's invasion of Ukraine and the slowdown in the Chinese economy, became apparent.」
Although the economic impact of the pandemic was described as moving toward resolution, downside risks arising from the Russia-Ukraine situation and the slowdown in the Chinese economy had materialized. - FY2022-Q2WorsenedAnnual report
「Although additional vaccine doses and other measures are expected to limit the economic impact of the COVID-19 pandemic, concerns remain about higher raw material prices, supply shortages and supply chain disruptions due to the protracted Russia-Ukraine situation and the impact of restrictions on economic activity in China, among other factors.」
Although expectations were expressed that the impact of the pandemic would become limited, the protracted Russia-Ukraine situation, restrictions on economic activity in China, higher raw material prices, supply shortages and supply chain disruptions have emerged as specific new sources of uncertainty. - FY2022-Q1WorsenedAnnual report
「Although additional vaccine doses and other measures are expected to limit the economic impact of the COVID-19 pandemic, Russia began its invasion of Ukraine on 24 February 2022, raising concerns about higher energy prices, supply shortages and supply chain disruptions resulting from the worsening situation.」
Although expectations were expressed that the impact of the pandemic would become limited, Russia's invasion of Ukraine added new sources of uncertainty in overseas economies, including higher energy prices, supply shortages and supply chain disruptions. - FY2021WorsenedAnnual report
「Although normalization of social and economic activity is expected through additional vaccine doses and other measures, variants are spreading rapidly, and the outlook is expected to remain uncertain.」
While expectations for normalization through additional vaccine doses were expressed, the rapid spread of variants was disclosed as a new source of uncertainty. - FY2021-Q3RestatedAnnual report
「Although economic activity is expected to gain momentum as vaccines become more widespread and therapeutic drugs are developed, concerns remain about vaccine efficacy and other factors, and the outlook is expected to remain uncertain.」
Expectations for widespread vaccination and the development of therapeutic drugs, along with continuing uncertainty about the outlook due to concerns about vaccine efficacy and other factors, continued to be disclosed. - FY2021-Q2RestatedAnnual report
「Although expectations are focused on the normalization of economic activity as vaccines become more widespread, concerns remain about the spread of variants and delays in vaccine distribution, and the outlook is expected to remain uncertain.」
Expectations for widespread vaccination and continuing uncertainty about the outlook due to the spread of variants and delays in vaccine distribution continued to be disclosed. - FY2021-Q1WorsenedAnnual report
「Although expectations are focused on the normalization of economic activity in each country as vaccines become more widespread and on the economic policies of the new U.S. administration, concerns remain about the spread of variants and delays in vaccine distribution, and the outlook is expected to remain uncertain.」
In addition to the economic uncertainty caused by the previous pandemic, the spread of variants and delays in vaccine distribution were disclosed as new concerns. - FY2020WorsenedAnnual report
「The explosive spread of COVID-19 caused a global economic slowdown. Although countries were advancing the practical application of vaccines, the outlook remained extremely uncertain.」
In addition to the existing uncertainty in overseas economies, COVID-19 caused a global economic slowdown, increasing uncertainty about the outlook. - FY2020-Q3RestatedAnnual report
「Overseas economies remained in a difficult condition due to the global spread of COVID-19, and the outlook remained extremely uncertain.」
The difficult conditions facing overseas economies and the uncertainty surrounding the outlook due to the global spread of COVID-19 continued to be disclosed. - FY2020-Q2WorsenedAnnual report
「Economic activity was severely constrained by the spread of COVID-19, while personal consumption, exports and production declined and employment conditions and capital investment also weakened. Overseas economies likewise deteriorated rapidly due to the global spread of COVID-19, leaving the outlook extremely uncertain.」
In addition to the previously cited trade issues and Brexit, COVID-19 severely constrained economic activity both domestically and overseas, worsening economic conditions and increasing uncertainty. - FY2020-Q1RestatedAnnual report
「In addition to concerns about U.S.-China trade frictions and Brexit, the global spread of COVID-19 resulted in continued uncertainty across the broader economy.」
Uncertainty in overseas economies due to U.S.-China trade frictions and Brexit continued to be disclosed, with COVID-19 added as a new concern. - FY2019RestatedAnnual report
「Overseas economies remained uncertain due to the slowdown in the Chinese economy, trade issues between the United States and China, and uncertainty surrounding Brexit.」
Uncertainty in overseas economies due to the slowdown in the Chinese economy, U.S.-China trade issues and Brexit continued to be disclosed. - FY2019-Q2RestatedAnnual report
「Overseas economies remained uncertain due to trade issues, including U.S.-China trade frictions, and the protracted Brexit process.」
Uncertainty in overseas economies due to trade issues such as U.S.-China trade frictions and the protracted Brexit process continued to be disclosed. - FY2019-Q1RestatedAnnual report
「Overseas economies remained uncertain due to numerous concerns, including U.S.-China trade frictions and Brexit.」
Uncertainty in overseas economies due to Brexit continued to be disclosed. - FY2018-Q3ReframedAnnual report
「Although overseas economies remained generally firm, uncertainty persisted due to trade frictions arising from the protectionist economic policies of the Trump administration, among other factors.」
Regarding sources of uncertainty in overseas economies, trade frictions arising from U.S. protectionist policies were cited as the main factor, rather than the previously cited Brexit and the situation in the Middle East. - FY2018-Q2ReframedAnnual report
「Meanwhile, overseas economies remained uncertain due to the protectionist economic policies of the Trump administration and surging crude oil prices associated with turmoil in the Middle East, among other factors.」
Uncertainty in overseas economies was attributed to U.S. protectionist policies, the situation in the Middle East and surging crude oil prices, rather than the previously cited Brexit and other factors. - FY2018-Q1RestatedAnnual report
「Economic conditions remained uncertain due to concerns about the protectionist economic policies of the new U.S. administration, developments related to Brexit, and geopolitical risks in the Middle East and North Korea, among other factors.」
Uncertainty in overseas economies resulting from U.S. protectionism, Brexit, and geopolitical risks in the Middle East and North Korea continued to be disclosed. - FY2017RestatedAnnual report
「Economic conditions, including foreign exchange trends, remained uncertain due to concerns about the protectionist economic policies of the new U.S. administration, uncertainty surrounding Brexit, and rising geopolitical risks in the Middle East and North Korea, among other factors.」
Uncertainty in overseas economies, including U.S. protectionism, Brexit, and geopolitical risks in the Middle East and North Korea, continued to be disclosed. - FY2017-Q3RestatedAnnual report
「Although overseas economies were generally on a recovery trend, economic conditions, including foreign exchange trends, remained uncertain due to concerns about the protectionist economic policies of the new U.S. administration, uncertainty surrounding Brexit, and rising geopolitical risks in the Middle East and North Korea, among other factors.」
Uncertainty in overseas economies, including Brexit, continued to be disclosed. - FY2017-Q2WorsenedAnnual report
「Although overseas economies were generally on a recovery trend, economic conditions, including foreign exchange trends, remained uncertain due to concerns about the protectionist economic policies of the new U.S. administration, uncertainty surrounding Brexit, and rising geopolitical risks in the Middle East and North Korea, among other factors.」
In addition to Brexit, protectionist U.S. policies and geopolitical risks in the Middle East and North Korea were disclosed as sources of uncertainty, broadening the range of external-environment risks. - FY2017-Q1WorsenedAnnual report
「Economic conditions, including foreign exchange trends, remained uncertain, due to concerns about more conservative U.S. economic policy following the inauguration of the Trump administration, slowing growth in emerging-market economies, including China, and Brexit, among other factors.」
In addition to the previously cited slowdown in China and other emerging-market economies and Brexit, concerns about U.S. economic policy were disclosed as a new source of uncertainty, broadening the range of risk factors. - FY2016RestatedAnnual report
「Uncertainty about the outlook increased due to concerns about a downturn in the global economy caused by the slowdown in emerging-market economies, including China, and Brexit, among other factors.」
Concerns about a downturn in the global economy, including Brexit, continued to be disclosed. - FY2016-Q3First statedAnnual report
「Uncertainty about the outlook increased due to concerns about a downturn in the global economy arising from Brexit, among other factors.」
Concerns about a downturn in the global economy arising from Brexit were identified and disclosed separately for the first time as a risk related to the overseas economic environment.