Overseas Economic Slowdown Caused by US-China Trade Tensions and Deteriorating Economic Conditions in China
First written in FY2020-Q1. 10 of 12 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 124 of 167 companies on the "Worse" side.
66 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Nevertheless, the outlook remains uncertain due to the unstable international situation and the impact of foreign exchange fluctuations, among other factors.」
The company continues to disclose uncertainty in the economic environment due to the unstable international situation and foreign exchange fluctuations. - 2026-05-14RestatedRevision of earnings forecasts
「Nevertheless, the outlook remains uncertain due to the unstable international situation and the impact of foreign exchange fluctuations, among other factors.」
The Group continues to point to uncertainty regarding the outlook arising from the international situation and foreign exchange fluctuations. - FY2026-H1RestatedAnnual report
「However, the outlook remains uncertain due to risks of an economic downturn, including those arising from continued price increases and the impact of U.S. trade policies.」
The company reconfirms that the uncertain economic environment continues, including downside risks to the economy from higher prices and U.S. trade policies. - FY2025WorsenedAnnual report
「In fiscal 2025, difficult conditions with an uncertain outlook are expected to continue, amid concerns over factors including the unstable international situation, such as the tariff policies of the Trump administration, and declining consumer purchasing appetite due to higher prices.」
In addition to the previous uncertainty caused by the weaker yen and the international situation, the company identifies U.S. tariff policies and declining purchasing appetite due to higher prices as new concerns. - FY2025-H1RestatedAnnual report
「During the current interim consolidated fiscal period, Japan's economy maintained a gradual recovery trend, supported by improvements in employment and income conditions and inbound demand. However, the outlook remains uncertain due to the impact of higher consumer prices resulting from the weaker yen and an unstable international situation.」
The company reconfirms that, while the economy is recovering gradually, the economic environment remains uncertain due to rising prices caused by the weaker yen and an unstable international situation. - FY2024-Q1RestatedAnnual report
「During the first 3 months of the current consolidated fiscal year, Japan's economy remained subject to an uncertain outlook due to factors including soaring energy costs caused by the situation in Ukraine and a weaker yen against the backdrop of global monetary tightening, even as restrictions on activity related to the novel coronavirus disease were eased and economic activity continued to normalize.」
The company reconfirms that, while economic activity is normalizing, the uncertain economic environment continues due to soaring energy costs caused by the situation in Ukraine and a weaker yen against the backdrop of monetary tightening. - FY2023-Q2RestatedAnnual report
「During the first 6 months of the current consolidated fiscal year, Japan's economy saw a sharp rise in prices due to factors including rising resource prices caused by escalating tensions over Ukraine and a weaker yen against the backdrop of the widening Japan-U.S. interest rate differential, even as restrictions on activity related to the novel coronavirus disease were eased and economic activity continued to normalize. The outlook remains uncertain.」
The company reconfirms that, despite the normalization of economic activity following the easing of restrictions, the economic environment remains uncertain due to the situation in Ukraine, rising resource prices, the weaker yen and other factors. - FY2023-Q1RestatedAnnual report
「During the first 3 months of the current consolidated fiscal year, Japan's economy was affected by rising resource prices due to escalating tensions over Ukraine, a weaker yen against the backdrop of the widening Japan-U.S. interest rate differential, and China's zero-COVID policy, even as the easing of restrictions on activity related to the novel coronavirus disease supported the normalization of economic activity. The difficult environment therefore continues.」
The company reconfirms that difficult conditions continue in the overseas and domestic economic environments due to the weaker yen, China's zero-COVID policy and other factors. - FY2020RestatedAnnual report
「During the current consolidated fiscal year, Japan's economy lacked strength from the third quarter onward due to the consumption tax increase, a succession of natural disasters and U.S.-China trade friction. Toward the end of the fiscal year, the global spread of the novel coronavirus disease caused the growth rate to turn negative for the second consecutive quarter.」
In addition to the economic slowdown caused by U.S.-China trade friction, the company reports an economic downturn caused by the spread of the novel coronavirus disease toward the end of the fiscal year. - FY2020-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, Japan's economy continued to see a gradual recovery in private consumption, supported by improvements in employment and income conditions, despite the impact of the consumption tax increase and a succession of natural disasters. However, exports and corporate earnings were affected by the global economic slowdown stemming from U.S.-China trade friction, and the overall economy lacked strength.」
The company explains that the global economic slowdown stemming from U.S.-China trade friction affected exports and corporate earnings, and that the overall economy remained lackluster. - FY2020-Q2RestatedAnnual report
「Regarding Japan's economy during the six months ended the second quarter, exports and production were affected by the slowdown in the global economy, including US-China trade tensions and a downturn in China, and the overall situation lacked strength.」
The global economic slowdown caused by factors including U.S.-China trade friction and the deterioration of economic conditions in China continued to affect exports and production. - FY2020-Q1First statedAnnual report
「Domestic demand remained solid, supported by increased capital investment and improvements in employment and income conditions. However, exports and production were affected by slowing overseas economies, including US-China trade tensions and a downturn in China, and the overall situation lacked strength.」
The company has identified for the first time the slowdown in overseas economies caused by US-China trade tensions and a downturn in China as an economic-environment risk affecting exports and production.