Financial and Capital Markets and Overseas Geopolitical Risks
First written in FY2018. 13 of 26 entries say "Restated". Latest entry: 2026-10-14.
Yamazawa moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 24 of 31 companies on the "Worse" side.
18 other companies' latest entry also says "Worsened".
- 2026-10-14WorsenedFinancial results
「The outlook for the economy remains uncertain due to rising energy and resource prices accompanying instability in the international situation and fluctuations in foreign exchange markets.」
Uncertainty arising from the international situation, energy and resource prices and foreign-exchange fluctuations continues to be reported. - FY2027-H1WorsenedAnnual report
「During the six-month consolidated accounting period, Japan's employment and income environment showed signs of improvement against a backdrop of worsening labor shortages. However, the outlook for the economy remained uncertain due to higher energy and resource prices associated with unstable international conditions, as well as fluctuations in foreign exchange markets.」
The disclosure cites an improving employment and income environment, while identifying unstable international conditions, rising energy and resource prices, and foreign exchange market volatility as factors contributing to uncertainty over the economic outlook. - FY2026-H1WorsenedAnnual report
「During the interim consolidated accounting period under review, Japan’s economy showed signs of improvement in employment and income conditions against a backdrop of a serious labor shortage. However, the outlook for the economy remained uncertain owing to heightened geopolitical risks resulting from the impact of US tariff policy and rising domestic prices, among other factors.」
In addition to the previously cited international situation and geopolitical risks, identifies heightened geopolitical risks resulting from US tariff policy, rising domestic prices, and the labor shortage as factors contributing to economic uncertainty. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period under review, Japan’s economy showed signs of a moderate recovery as social and economic activity normalized and employment and income conditions improved. However, the outlook remained uncertain amid concerns over the impact on the economy of rising raw material prices resulting from continued yen depreciation, the prolonged situation in Russia and Ukraine, and the increasingly tense situation in the Middle East, among other factors.」
While recognizing the normalization of social and economic activity and improvements in employment and income conditions, continues to identify yen depreciation, rising raw material prices, and the situations in Russia and Ukraine and the Middle East as sources of uncertainty over the outlook. - FY2025-Q1WorsenedAnnual report
「During the cumulative first quarter of the fiscal year under review, Japan’s economy showed signs of a moderate recovery as social and economic activity normalized and employment and income conditions improved. However, the outlook remained uncertain amid concerns over the impact on the economy of rising raw material prices resulting from continued yen depreciation, the prolonged situation in Russia and Ukraine, and the increasingly tense situation in the Middle East, among other factors.」
In addition to the previously cited yen depreciation, rising raw material prices, and the situation in Russia and Ukraine, specifically identifies increasing tensions in the Middle East as a factor contributing to economic uncertainty. - FY2024RestatedAnnual report
「During the consolidated fiscal year under review, Japan’s economy continued to move toward a resumption of economic activity from the COVID-19 pandemic after COVID-19 was reclassified under the Infectious Diseases Control Law as a Class 5 disease. However, the outlook for the economy remained uncertain owing to fluctuations in foreign exchange rates and soaring energy prices, among other factors.」
Continues to identify uncertainty over the outlook resulting from fluctuations in foreign exchange rates and soaring energy prices despite the resumption of economic activity. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year under review, Japan’s economy continued to move toward a resumption of economic activity from the COVID-19 pandemic after COVID-19 was reclassified under the Infectious Diseases Control Law as a Class 5 disease. However, the outlook for the economy remained uncertain owing to fluctuations in foreign exchange rates and soaring energy prices, among other factors.」
Continues to identify uncertainty over the outlook resulting from fluctuations in foreign exchange rates and soaring energy prices, despite signs of a resumption of economic activity. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year under review, Japan’s economy continued to move toward a resumption of economic activity from the COVID-19 pandemic after COVID-19 was reclassified under the Infectious Diseases Control Law as a Class 5 disease. However, the outlook for the economy remained uncertain owing to fluctuations in foreign exchange rates and soaring energy prices, among other factors.」
Continues to identify uncertainty over the outlook resulting from fluctuations in foreign exchange rates and soaring energy prices, despite signs of a resumption of economic activity. - FY2024-Q1Specified soaring foreign exchange and energy pricesAnnual report
「During the cumulative first quarter of the fiscal year under review, Japan’s economy continued to move toward a resumption of economic activity from the COVID-19 pandemic after COVID-19 was reclassified under the Infectious Diseases Control Law as a Class 5 disease. However, the outlook for the economy remained uncertain owing to fluctuations in foreign exchange rates and soaring energy prices, among other factors.」
In addition to the previously cited uncertainty resulting from infectious diseases and the international situation, specifically identifies fluctuations in foreign exchange rates and soaring energy prices as factors affecting the economic outlook. - FY2023RestatedAnnual report
「During the consolidated fiscal year under review, Japan’s economy showed signs of moving toward normalization of social and economic activity as restrictions on activity were eased, despite the continuing impact of COVID-19. However, concerns over a renewed spread of infections, rapid yen depreciation, and the impact of globally soaring resource and raw material prices resulting from the situation in Russia and Ukraine on personal consumption, among other factors, continued to leave the outlook uncertain.」
Continues to identify a renewed spread of infections, rapid yen depreciation, and soaring resource and raw material prices resulting from the situation in Russia and Ukraine as factors contributing to uncertainty in the economy and personal consumption. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year under review, Japan’s economy showed signs of moving toward normalization of social and economic activity as restrictions on activity were eased, despite the continuing impact of COVID-19. However, concerns over a renewed spread of infections, rapid yen depreciation, and the impact of globally soaring resource and raw material prices resulting from the situation in Russia and Ukraine on personal consumption, among other factors, continued to leave the outlook uncertain.」
Continues to identify a renewed spread of infections, rapid yen depreciation, and soaring resource and raw material prices resulting from the situation in Russia and Ukraine as factors contributing to uncertainty over personal consumption and the economic outlook. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year under review, Japan’s economy showed signs of moving toward normalization of social and economic activity as restrictions on activity were eased, despite the continuing impact of COVID-19. However, the outlook remains uncertain owing to geopolitical risks related to the situation in Ukraine, rising prices resulting from yen depreciation, and the impact of soaring crude oil and raw material prices on personal consumption, among other factors.」
While noting signs of normalization resulting from the easing of restrictions on activity, continues to identify the situation in Ukraine, yen depreciation, and the impact of soaring crude oil and raw material prices on personal consumption as external factors contributing to uncertainty. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter of the fiscal year under review, Japan’s economy continued to move toward normalization as restrictions on activity related to COVID-19 were eased. However, conditions remained uncertain, owing to the prolonged situation in Ukraine, rising prices resulting from yen depreciation, and soaring raw material prices, among other factors.」
In addition to the previously cited uncertainty related to infectious diseases and the international situation, specifically identifies the prolonged situation in Ukraine, rising prices resulting from yen depreciation, and soaring raw material prices as external environmental risks. - FY2022WorsenedAnnual report
「Meanwhile, the sixth wave of infections resulting from the emergence of the Omicron variant has raised concerns over a renewed spread of infections, while the impact of soaring crude oil prices on personal consumption and other factors continues to leave the outlook uncertain.」
Identifies the sixth wave caused by the Omicron variant and the impact of soaring crude oil prices on personal consumption, in addition to previously cited infectious diseases and the international situation, as external environmental risks. - FY2022-Q3Added the impact of soaring crude oil pricesAnnual report
「The impact of soaring crude oil prices on personal consumption and other factors continues to leave the outlook uncertain.」
Newly specifies the impact of soaring crude oil prices on personal consumption as an external factor contributing to uncertainty over the economic outlook. - FY2020WorsenedAnnual report
「Going forward, the spread of the novel coronavirus and the postponement of the Tokyo Olympic Games, among other factors, are expected to cause a significant downturn in the economy as economic activity cools. In addition, external risks such as a renewed escalation in US-China trade friction remain, making the outlook even more uncertain.」
In addition to the previously cited US-China trade friction and other factors, identifies the spread of the novel coronavirus, the postponement of the Tokyo Olympic Games, the cooling of economic activity, and a significant economic downturn as specific external risks, and states that the outlook has become more uncertain. - FY2020-Q3WorsenedAnnual report
「During the cumulative third quarter of the fiscal year under review, Japan’s economy remained on a moderate recovery trend, supported by solid employment and corporate earnings. However, uncertainty in the global economy resulting from the prolonged US-China trade friction, among other factors, has left conditions uncertain.」
Newly specifies the prolonged US-China trade friction and the resulting uncertainty in the global economy. - FY2020-Q2RestatedAnnual report
「Meanwhile, concerns over developments in trade issues and an economic downturn resulting from the consumption tax increase, among other factors, continue to create an uncertain environment.」
Continues to identify trade issues and concerns over an economic downturn resulting from the consumption tax increase as external risks to the economic outlook. - FY2020-Q1RestatedAnnual report
「Meanwhile, concerns over developments in trade issues and an economic downturn resulting from the consumption tax increase, among other factors, continue to create an uncertain environment.」
Continues to identify developments in trade issues and concerns over an economic downturn resulting from the consumption tax increase as external risks to the economic outlook. - FY2019WorsenedAnnual report
「However, as attention must be paid to US-China trade friction and the risk of a slowdown in the European economy, the economic outlook remains uncertain in Japan as a result of slower capital investment and the effects of front-loaded demand ahead of the consumption tax increase and the subsequent reversal, among other factors.」
In addition to the previously cited US-China trade friction and overseas geopolitical risks, specifically identifies the slowdown in the European economy, slower domestic capital investment, and fluctuations in demand before and after the consumption tax increase. - FY2019-Q3RestatedAnnual report
「At the same time, concerns over overseas geopolitical risks, including US-China trade friction, remain, and the outlook for the economy continues to be uncertain.」
Continues to identify overseas geopolitical risks, including US-China trade friction, and uncertainty over the economic outlook. - FY2019-Q2Explicit reference to US-China trade frictionAnnual report
「At the same time, concerns over overseas geopolitical risks, including US-China trade friction, remain, and the outlook for the economy continues to be uncertain.」
Specifies US-China trade friction as a concrete example of the previously cited overseas geopolitical risks. - FY2019-Q1RestatedAnnual report
「At the same time, concerns over overseas geopolitical risks and developments in the international situation remain, and the outlook for the economy continues to be uncertain.」
Continues to identify overseas geopolitical risks and developments in the international situation as external risks to the economic outlook. - FY2018First statedAnnual report
「Concerns over developments in the financial and capital markets and overseas geopolitical risks remain, and the outlook for the economy continues to be highly uncertain.」
For the first time, identifies developments in the financial and capital markets and overseas geopolitical risks as external risks to the economic outlook.