Slowing growth in China and emerging Asia and uncertainty in the global economy
First written in FY2016-Q2. 13 of 34 entries say "Restated". Latest entry: 2026-09-04.
Nihon House Holdings moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 124 of 167 companies on the "Worse" side.
66 other companies' latest entry also says "Restated".
- FY2026Addition of Middle East tensions and supply risksAnnual report
「The outlook remains uncertain, with concerns over developments in U.S. trade policy, including tariff policy, fluctuations in resource, energy and raw-material prices associated with escalating tensions in the Middle East, and the effects of rising interest rates and prices on the domestic economy.」
In addition to U.S. tariff policy, fluctuations in resource, energy and raw-material prices associated with escalating tensions in the Middle East are added as a source of uncertainty. - FY2026-H1Specific identification of U.S. policy risk as tariff policyAnnual report
「The outlook remained uncertain, with concerns over the effects on the domestic economy of developments in U.S. tariff policy, soaring global resource, energy and raw-material prices, rising interest rates and rising prices.」
Developments in U.S. tariff policy are specifically cited as a source of uncertainty in place of the previously broader reference to U.S. policy developments. - FY2025Addition of U.S. policy developmentsAnnual report
「During the consolidated fiscal year, the Japanese economy continued on a moderate recovery trend as employment and income conditions improved. Meanwhile, the outlook remained uncertain, with concerns over the effects on the domestic economy of future U.S. policy developments, soaring global resource, energy and raw-material prices, rising interest rates and rising prices.」
In addition to previously cited soaring resource and raw-material prices, rising interest rates and rising prices, future U.S. policy developments are explicitly identified as a source of uncertainty. - FY2025-H1Addition of rising interest ratesAnnual report
「Meanwhile, the outlook remains uncertain, with concerns over the effects on the domestic economy of soaring global resource, energy and raw-material prices, rising interest rates and rising prices.」
In addition to soaring resource, energy and raw-material prices and rising prices, rising interest rates are explicitly identified as a source of uncertainty for the domestic economy. - FY2024RestatedAnnual report
「Meanwhile, the outlook remains uncertain due to soaring global resource, energy and raw-material prices, global monetary tightening aimed at curbing high inflation, and the effects on the domestic economy of the weaker yen and rising prices.」
The company continues to disclose uncertainty surrounding the economic outlook due to soaring resource and raw-material prices, global monetary tightening, the weaker yen and rising prices. - FY2024-Q1RestatedAnnual report
「Meanwhile, the outlook remains uncertain due to soaring global resource, energy and raw-material prices, global monetary tightening aimed at curbing high inflation, and the effects on the domestic economy of the weaker yen and rising prices.」
The company continues to disclose uncertainty caused by soaring resource, energy and raw-material prices, global monetary tightening, the weaker yen and rising prices. - FY2023RestatedAnnual report
「During the consolidated fiscal year, socioeconomic activity continued to normalize following the reclassification of the novel coronavirus as a Category 5 infectious disease, while the outlook remained uncertain due to soaring resource, energy and raw-material prices resulting from Russia's invasion of Ukraine and other factors, global monetary tightening aimed at curbing high inflation, and the effects on the domestic economy of the weaker yen and rising prices.」
The company continues to recognize the coexistence of normalization following the easing of pandemic measures and uncertainty caused by soaring resource and raw-material prices, monetary tightening, the weaker yen and rising prices. - FY2023-Q3RestatedAnnual report
「During the cumulative consolidated period for the third quarter, socioeconomic activity continued to normalize following the reclassification of the novel coronavirus as a Category 5 infectious disease, while the outlook remained uncertain due to soaring resource, energy and raw-material prices resulting from Russia's invasion of Ukraine and other factors, global monetary tightening aimed at curbing high inflation, and the effects on the domestic economy of the weaker yen and rising prices.」
The company continues to recognize the coexistence of normalization in socioeconomic activity and uncertainty caused by soaring resource and raw-material prices, global monetary tightening, the weaker yen and rising prices. - FY2023-Q2Further easing of pandemic restrictions and explicit disclosure of the effects of the weaker yen and higher pricesAnnual report
「During the cumulative consolidated period for the second quarter, socioeconomic activity continued to normalize as activity and entry restrictions were gradually eased, including the reclassification of the novel coronavirus as a Category 5 infectious disease in May 2023. Meanwhile, the outlook remained uncertain due to soaring resource, energy and raw-material prices resulting from Russia's invasion of Ukraine and other factors, global monetary tightening aimed at curbing high inflation, and the effects on the domestic economy of the weaker yen and rising prices.」
While pandemic-related measures were eased and socioeconomic activity normalized, the company additionally identified the effects of the weaker yen and higher prices on the domestic economy, alongside soaring resource and raw-material prices and global monetary tightening. - FY2023-Q1Addition of inflation and global monetary tighteningAnnual report
「During the cumulative consolidated period for the first quarter, restrictions on activity introduced to prevent the spread of the novel coronavirus were eased and signs of normalization in socioeconomic activity were observed. Meanwhile, the outlook remained uncertain due to soaring resource, energy and raw-material prices resulting from Russia's invasion of Ukraine and other factors, as well as global monetary tightening aimed at curbing high inflation.」
While easing of activity restrictions and normalization were observed, global monetary tightening aimed at curbing high inflation was explicitly added to the sources of uncertainty, alongside soaring resource, energy and raw-material prices. - FY2022-Q3Easing of pandemic-related restrictions while uncertainty continuesAnnual report
「During the cumulative consolidated period for the third quarter, restrictions on socioeconomic activity caused by the novel coronavirus were eased through measures to prevent the spread of infection and the wider availability of vaccines, and activity began moving toward normalization. However, the outlook remains uncertain as repeated waves of infection coincided with soaring resource and raw-material prices resulting from Russia's invasion of Ukraine, a weaker yen and other factors.」
While restrictions on socioeconomic activity were eased and activity began to normalize, the outlook remained uncertain due to recurring waves of infection, soaring resource and raw-material prices and the weaker yen. - FY2022-Q2WorsenedAnnual report
「During the cumulative consolidated period for the second quarter, the Japanese economy remained uncertain as the resurgence of the novel coronavirus caused by variants coincided with soaring resource and raw-material prices resulting from Russia's invasion of Ukraine and a weaker yen.」
In addition to the resurgence of the pandemic caused by variants, Russia's invasion of Ukraine, soaring resource and raw-material prices and the weaker yen are explicitly identified as sources of uncertainty. - FY2022-Q1WorsenedAnnual report
「Although higher vaccination rates in Japan have raised expectations for an economic recovery, the outlook remains uncertain as a rapid resurgence of infections caused by variants has coincided with soaring resource prices, a global semiconductor shortage and Russia's invasion of Ukraine.」
In addition to the pandemic, variants, soaring resource prices and the semiconductor shortage previously cited, Russia's invasion of Ukraine is explicitly identified as a new source of uncertainty. - FY2021WorsenedAnnual report
「During the consolidated fiscal year, the Japanese economy remained in a difficult situation as the spread of the novel coronavirus continued for an extended period. While higher vaccination rates and a decline in the number of infections have recently been observed in Japan, and an economic recovery is expected, the possibility of the spread of variants, soaring resource prices and a global semiconductor shortage have combined to leave the outlook uncertain.」
In addition to the prolonged pandemic, the company explicitly identifies variants, soaring resource prices and the global semiconductor shortage as new sources of uncertainty. - FY2021-Q2RestatedAnnual report
「During the cumulative consolidated period for the second quarter, the Japanese economy remained uncertain as the spread of the novel coronavirus in Japan and overseas caused economic activity to stagnate and employment and income conditions to deteriorate.」
The company continues to disclose stagnating economic activity, deteriorating employment and income conditions and an uncertain outlook caused by the spread of the novel coronavirus. - FY2021-Q1WorsenedAnnual report
「During the cumulative consolidated period for the first quarter, the Japanese economy remained uncertain as the spread of the novel coronavirus in Japan and overseas caused economic activity to stagnate and employment and income conditions to deteriorate.」
In addition to stagnating economic activity caused by the spread of the novel coronavirus, deterioration in employment and income conditions is explicitly identified, indicating a deepening economic impact. - FY2020RestatedAnnual report
「During the consolidated fiscal year, the Japanese economy initially continued on a moderate recovery trend supported by improving employment and income conditions, but economic activity stagnated as the novel coronavirus spread globally, and the outlook remains uncertain.」
The stagnation of economic activity and uncertain outlook caused by the novel coronavirus are continuously disclosed as part of the full-year operating environment. - FY2020-Q3RestatedAnnual report
「During the cumulative consolidated period for the third quarter, the Japanese economy initially continued on a moderate recovery trend supported by improving employment and income conditions, but economic activity stagnated as the novel coronavirus spread globally, and the outlook remains uncertain.」
The company continues to disclose stagnation in economic activity and uncertainty caused by the global spread of the novel coronavirus. - FY2020-Q2WorsenedAnnual report
「During the cumulative consolidated period for the second quarter, the Japanese economy initially continued on a moderate recovery trend supported by improving employment and income conditions, but economic activity stagnated in the second quarter as the novel coronavirus spread globally, and the outlook remains uncertain.」
The previously cited concern over the economic effects of the novel coronavirus materialized as stagnation in economic activity during the second quarter due to the global spread of the virus. - FY2020-Q1WorsenedAnnual report
「During the cumulative consolidated period for the first quarter, the Japanese economy continued to recover moderately, supported by improving employment and income conditions, while uncertainty increased due to the effects of U.S.-China trade friction and the spread of the novel coronavirus on the domestic and overseas economies.」
In addition to the previously cited U.S.-China trade friction, the company explicitly identifies the effects of the spread of the novel coronavirus on the domestic and overseas economies and states that uncertainty has increased. - FY2019-Q3RestatedAnnual report
「Meanwhile, overseas economies remain uncertain, including concerns over a global economic slowdown caused by U.S.-China trade friction and other factors.」
The company continues to disclose concerns over a global slowdown caused by U.S.-China trade friction and uncertainty in overseas economies. - FY2019-Q2Addition of U.S.-China trade friction and concerns over a global slowdownAnnual report
「Meanwhile, overseas economies remain uncertain, including concerns over a global economic slowdown caused by U.S.-China trade friction and other factors.」
In addition to the previously cited uncertainty surrounding overseas economies, the company explicitly identifies concerns over a global slowdown caused by U.S.-China trade friction and other factors. - FY2019-Q1Restatement of international situation risks and addition of the U.S. economyAnnual report
「During the cumulative consolidated period for the first quarter, the Japanese economy continued on a moderate recovery trend, including a pickup in personal consumption supported by improving employment and income conditions and firm capital investment supported by improving corporate earnings, although the international situation, including the Chinese and U.S. economies, remained uncertain.」
The company again refers to uncertainty in the international situation, including the Chinese and U.S. economies, which had not been listed as a separate risk item in the preceding fiscal year. - FY2018DroppedAnnual report
「The following matters relating to the Group's operating results and business condition may materially affect investment decisions.」
The previously cited uncertainty surrounding the Chinese, emerging Asian and global economies is not listed as a separate business or other risk item for the current fiscal year. - FY2018-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. In addition, there were no material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」
The company states that no new risks arose and that there were no material changes to previously disclosed risks. - FY2018-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the second quarter. In addition, there were no material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」
The company states that no new risks arose and that there were no material changes to previously disclosed risks. - FY2018-Q1RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the first quarter. In addition, there were no material changes to the business and other risks described in the annual securities report for the preceding fiscal year.」
The company states that no new risks arose and that there were no material changes to previously disclosed risks. - FY2017-Q3RestatedAnnual report
「Amid continued instability in the global situation, including policies of the new U.S. administration and rising geopolitical risks in East Asia,」
The explanation continues to identify policies of the new U.S. administration and geopolitical risks in East Asia as destabilizing factors. - FY2017-Q2Explicit identification of rising geopolitical risks in East AsiaAnnual report
「Amid continued instability in the global situation, including policies of the new U.S. administration and rising geopolitical risks in East Asia,」
In place of the previously cited concerns over slowing growth in China and emerging Asian economies, rising geopolitical risks in East Asia, in addition to policies of the new U.S. administration, are explicitly identified as destabilizing factors. - FY2017-Q1Replacement of overseas risk factorsAnnual report
「Meanwhile, overseas economies remained in an uncertain environment due to factors including policies of the new U.S. administration and concerns over slowing growth in China and emerging Asian economies.」
The policies of the new U.S. administration are presented as a new source of uncertainty in place of the previously cited UK's EU withdrawal issue, while concerns over slowing growth in China and emerging Asian economies continue. - FY2016-Q3WorsenedAnnual report
「Meanwhile, the global economy remains uncertain due to factors including the UK's EU withdrawal issue and concerns over slowing growth in China and emerging Asian economies.」
In addition to the previously cited slowdown in China and emerging Asian economies, the UK's EU withdrawal issue is explicitly identified as a source of uncertainty, broadening the scope of the risk factors. - FY2016-Q2First statedAnnual report
「Meanwhile, the global economy remains uncertain due to factors including slowing growth in China and emerging Asian economies.」
The uncertain outlook for the global economy is identified as an external risk.