Concerns about the Global Economy Arising from US-China Trade Tensions and Other Factors
First written in FY2018-Q3. 11 of 24 entries say "Worsened", first in FY2019. Latest entry: 2026-10-14.
S-Pool 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 2019: 13 of 36 companies on the "Worse" side.
3 other companies' latest entry also says "Other".
- 2026-10-14OtherEarnings
「一方で、物価上昇の継続や資源・エネルギー価格の変動に加え、中東情勢をはじめとする地政学的リスク、米国の通商政策をめぐる動向、金融資本市場の変動等により、先行きは依然として不透明な状況が続いております。」
物価・資源価格、地政学、米国通商政策、金融市場の不透明要因を継続して示している。 - FY2026-H1WorsenedAnnual report
「However, the outlook remained uncertain due to prolonged high prices, exchange-rate fluctuations, rising resource, energy, and raw material prices, uncertainty surrounding the monetary policies of major countries and US policy management and trade policy, and rising geopolitical risks.」
In addition to the previous concerns about prices, exchange rates, geopolitical risks, and financial markets, the company specifically identified uncertainty surrounding the monetary policies of major countries and US policy management and trade policy as concerns. - FY2024Post-pandemic normalization alongside price and geopolitical risksAnnual report
「However, the outlook remained uncertain due to soaring raw material and energy prices, higher prices resulting from the depreciation of the yen, rising geopolitical risks, and instability in financial markets.」
Rather than the direct impact of COVID-19, raw material and energy prices, yen depreciation, geopolitical risks, and financial markets were identified as the main external concerns. - FY2024-Q2RestatedAnnual report
「During the six-month period of the current fiscal year, Japan's economy showed signs of recovery as social and economic activity continued to normalize. However, raw material and energy prices continued to rise against a backdrop of international instability and yen depreciation, and the outlook remained uncertain.」
Even after the impact of infectious disease eased, instability in the international situation, yen depreciation, and rising raw material and energy prices continued to be identified as concerns for the global and domestic economies. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy showed signs of recovery as socioeconomic activity normalized. However, raw material and energy prices continued to rise against the backdrop of the prolonged situation in Ukraine and the economic environment characterized by a trend toward yen depreciation, and the outlook remained uncertain.」
While recognizing the normalization of socioeconomic activity and the recovery of economic conditions, the company continued to cite uncertainty about the outlook resulting from the situation in Ukraine, yen depreciation, and rising raw material and energy prices. - FY2023-Q3WorsenedAnnual report
「However, the outlook for economic conditions remained uncertain due to the prolonged situation in Ukraine, mounting inflationary pressure from soaring raw material and energy prices, and the risk of an economic downturn resulting from global monetary tightening and other factors.」
In addition to the previous concerns about the situation in Ukraine, soaring raw material and energy prices, and the depreciation of the yen, the company explicitly identified inflationary pressure and the risk of an economic downturn resulting from global monetary tightening. - FY2023-Q2RestatedAnnual report
「However, the outlook for economic conditions remained uncertain due to the prolonged situation in Ukraine, soaring raw material and energy prices, and rising prices resulting from the depreciation of the yen.」
Even after the impact of infectious disease eased, the company continued to identify the situation in Ukraine, soaring raw material and energy prices, and the depreciation of the yen and rising prices as concerns in the external environment. - FY2023-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, Japan's economy showed signs of a gradual recovery as economic activity moved toward normalization due to the decline in new infections and the easing of restrictions on behavior related to COVID-19. Meanwhile, concerns remained about elevated crude oil and raw material prices resulting from the prolonged situation in Ukraine and global monetary tightening, and the outlook for the economy remained uncertain.」
While recognizing that the economic impact of infectious disease is easing and conditions are normalizing, the company continues to identify the situation in Ukraine, raw material and energy prices, and monetary tightening as external concerns. - FY2022Reduced impact of infectious disease alongside new inflation risksAnnual report
「Regarding the outlook for Japan's economy, further normalization of socioeconomic activity is expected as the impact of COVID-19 decreases due to the wider availability of vaccinations and the lower risk of severe illness resulting from viral mutations. However, combined with monetary tightening associated with global inflation, persistently high resource prices, and a prolonged depreciation of the yen, the outlook for economic conditions remains uncertain.」
While expecting the impact of infectious disease to ease and socioeconomic activity to normalize, the company identified global inflation, monetary tightening, persistently high resource prices, and a prolonged depreciation of the yen as new concerns. - FY2022-Q3WorsenedAnnual report
「In addition to the resurgence of infections caused by new variants, the prolonged situation in Ukraine and soaring energy and raw material prices resulting from the sharp depreciation of the yen compounded one another, and the severe conditions ultimately continued.」
In addition to the resurgence of infections, the prolonged situation in Ukraine, the sharp depreciation of the yen, and soaring energy and raw material prices, concerns about the global and domestic economies have deepened. - FY2022-Q2WorsenedAnnual report
「However, the outlook remained uncertain amid heightened international tensions, including Russia's invasion of Ukraine, the rapid depreciation of the yen, and surging raw material and energy prices.」
In addition to the previous concerns about infectious disease and overseas economies, the company explicitly identified Russia's invasion of Ukraine, the sharp depreciation of the yen, and soaring raw material and energy prices as new concerns. - FY2022-Q1WorsenedAnnual report
「During the first quarter of the current fiscal year, conditions briefly stabilized as the number of new COVID-19 infections fell substantially. However, the spread of a new variant led to the implementation of priority preventive measures, and the outlook remained uncertain.」
Uncertainty in the domestic and overseas economic environment arising from infectious disease continued due to the spread of new variants and the implementation of priority preventive measures. - FY2021-Q3WorsenedAnnual report
「Although COVID-19 vaccinations began, infections continued to spread, and uncertainty about the outlook persisted, with repeated states of emergency and priority preventive measures being issued.」
While the start of vaccinations raised expectations that the situation would be brought under control, the spread of infections and restrictions on economic activity under states of emergency and other measures continued, and concerns about the impact of infectious disease on the global and domestic economies persisted. - FY2021-Q2Severe economic conditions during the pandemic alongside expectations for containmentAnnual report
「During the six-month period of the current fiscal year, the Japanese economy remained in a difficult situation as economic activity was restricted following the reissuance of the state of emergency declaration in response to the spread of COVID-19. Going forward, the spread of infection is expected to subside following the start of vaccinations, but the outlook remains uncertain.」
Regarding the risk of infectious disease affecting the global economy, the company noted that restrictions on economic activity under the state of emergency and uncertainty about the outlook continued, while also citing expectations that vaccination would bring the situation under control. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current fiscal year, uncertainty about the outlook for economic conditions and the economy in Japan and overseas continued as COVID-19 infections resurged and a state of emergency was declared again from January 2021.」
In addition to concerns about overseas economies and other factors, the company explicitly identified the resurgence of infections and the reissuance of a state of emergency, with uncertainty about the outlook continuing. - FY2020-Q3WorsenedAnnual report
「The economy remained in an extremely severe condition as the spread of COVID-19 caused personal consumption and corporate activity to stagnate. Although signs of a gradual resumption of economic activity emerged, the outlook remained uncertain.」
In addition to the previous concerns about overseas economies and other factors, the company described the stagnation of personal consumption and corporate activity caused by the spread of COVID-19 and the extremely severe economic conditions. - FY2020-Q2WorsenedAnnual report
「As COVID-19 spread worldwide, various measures based on the state of emergency were implemented in Japan to prevent infections. As a result, economic activity in Japan and overseas has been significantly affected, and uncertainty about the outlook has intensified.」
In addition to the previous concerns about overseas economies, the company explicitly identified the global spread of COVID-19 and its significant impact on economic activity. - FY2020-Q1WorsenedAnnual report
「During the first quarter of the current fiscal year, Japan's economy gradually recovered despite concerns about developments surrounding trade issues, the impact of the UK's withdrawal from the EU, and the impact of the consumption tax rate increase, as corporate earnings and employment conditions continued to improve. Meanwhile, infections with the novel coronavirus (COVID-19) have spread worldwide, raising concerns about the potential impact on the global economy going forward.」
In addition to the previously identified concerns about trade issues, the UK's exit from the EU, and the consumption tax rate increase, the company newly identified the global spread of COVID-19 and concerns about its impact on the global economy. - FY2019WorsenedAnnual report
「Although there were concerns about trends in overseas economies, including US-China trade friction and the outlook for the UK's exit from the EU, as well as the impact of the consumption tax rate increase,」
In addition to the previously identified concerns about US-China trade friction and uncertainty in overseas economies, the company explicitly identified the UK's exit from the EU and the impact of the consumption tax rate increase as concerns. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, concerns remain over the outlook for the Chinese economy, uncertainty surrounding overseas economic conditions and policies, rising crude oil prices and volatility in financial and capital markets. However, corporate earnings have remained high and resilient, and the domestic economy continues on a moderate recovery trend.」
Concerns about the Chinese economy, overseas economies and policies, crude oil prices, and volatility in financial markets continue. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, concerns remain over the outlook for the Chinese economy, uncertainty surrounding overseas economic conditions and policies, and volatility in financial and capital markets. However, corporate earnings and capital investment have remained firm, and the domestic economy continues on a moderate recovery trend.」
Concerns about trends in the Chinese and overseas economies, policies, and volatility in financial and capital markets, reorganized from the wording in the previous filing concerning US-China trade friction, continue. - FY2019-Q1ReframedAnnual report
「During the cumulative first quarter under review, concerns remain over the outlook for the Chinese economy, uncertainty surrounding overseas economic conditions and policies, and volatility in financial and capital markets. However, corporate earnings and capital investment have remained firm, and the domestic economy continues on a moderate recovery trend.」
The risk factors were reorganized from the previous reference to US-China trade friction to concerns about the outlook for the Chinese economy, uncertainty surrounding overseas economies and policies, and volatility in financial and capital markets. - FY2018RestatedAnnual report
「Although Japan's economy during the consolidated fiscal year was affected by concerns about uncertainty in the global economy, including US-China trade friction, and volatility in financial and capital markets,」
Concerns about the global economy, including US-China trade friction, continued to be recognized in the annual assessment of the operating environment. - FY2018-Q3First statedAnnual report
「Although there were concerns about the global economy, including US-China trade friction,」
While describing the domestic economy as being on a gradual expansionary trend, the company newly identified concerns about the global economy, including US-China trade friction.