Risk of the Overseas Business Environment in China, Southeast Asia and Other Markets
First written in FY2016. 20 of 34 entries say "Worsened", first in FY2017-Q3. Latest entry: 2026-08-06.
Unitika moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 39 of 79 companies on the "Worse" side.
32 other companies' latest entry also says "Worsened".
- 2026-08-06WorsenedEarnings
「また、中東情勢の緊迫化を受けた対応として、価格改定等の収益影響抑制策に加え、将来的な調達の不確実性に備えた原材料の調達先拡大も推進しました。」
中東情勢の緊迫化に伴う調達不確実性を新たな対応課題として示し、原材料の調達先拡大を進めている。 - FY2026WorsenedAnnual report
「Looking ahead, the business environment is expected to remain uncertain due to prolonged geopolitical risks, including heightened tensions in the Middle East, and associated fluctuations in raw-material and energy prices, fluctuations in interest rates and foreign exchange markets, developments in U.S. monetary and trade policies, and concerns about a slowdown in the Chinese economy.」
New specific factors contributing to uncertainty in the overseas business environment were identified, including heightened tensions in the Middle East, U.S. monetary and trade policies, and concerns about a slowdown in the Chinese economy. - 2026-05-26WorsenedEarnings presentation
「食品価格上昇等により市場が停滞する中、海外品の流入もあり販売は微減となったが」
海外品の流入が食品包装分野の販売減少要因として実績に現れ、海外競争の影響が継続している。 - FY2026-H1RestatedAnnual report
「Overseas, sales performance was challenging due to price competition with low-priced products from China and elsewhere, but earnings improved following a review of unprofitable sales.」
While price competition from low-priced products from China and elsewhere and concerns about a slowdown in overseas economies remain, the company also reported improved profitability from reviewing unprofitable sales. - FY2025WorsenedAnnual report
「Overseas, earnings improved following a review of unprofitable sales, but price competition with low-priced products continued.」
While profitability improved through the correction of unprofitable overseas sales, competition from low-priced products continued, and P.T.EMBLEM ASIA recognized an impairment loss of ¥10,884 million, reflecting lower sales and profitability. - FY2025-H1WorsenedAnnual report
「In addition, the company recognized an impairment loss of ¥10,674 million on fixed assets held by the consolidated subsidiary P.T.EMBLEM ASIA, reflecting lower profitability due to a substantial decline in sales in Southeast Asia.」
Lower sales and profitability in Southeast Asia materialized as an impairment of P.T.EMBLEM ASIA's fixed assets, and the impact of risks in the overseas business environment expanded. - FY2024WorsenedAnnual report
「Overseas, consumer demand stagnated as the economies of Europe and China slowed, and conditions remained uncertain.」
In addition to the economic slowdown and weak consumer demand in Europe and China, intensifying competition in overseas sales, particularly in Southeast Asia, emerged as a factor behind the deterioration in full-year results, while risks in the overseas business environment continued to intensify. - FY2024-Q3WorsenedAnnual report
「Overseas, the European economy continued to stagnate amid inflation and high interest rates, while China's recovery from an economic slowdown caused by deteriorating real estate market conditions remained delayed. As a result, consumer demand stagnated.」
The stagnation of the European economy caused by inflation and high interest rates, and the delayed recovery associated with deteriorating real estate market conditions in China, were explicitly identified, clarifying the factors behind the stagnation in overseas demand. - FY2024-Q2WorsenedAnnual report
「At the same time, prices rose due to soaring energy costs and the impact of the weaker yen, putting a brake on the recovery in consumer sentiment. Overseas, consumer demand remained weak in China and Europe, among other regions, and conditions remained uncertain.」
Weak consumer demand in China and Europe was explicitly identified as a factor worsening the overseas business environment, while uncertainty continued alongside soaring energy costs and the weaker yen. - FY2024-Q1WorsenedAnnual report
「The Polymers segment posted higher revenue as a result of price revisions and increased sales of high-value-added products, but earnings declined due to rising energy prices and deteriorating profitability in Southeast Asia.」
Deteriorating profitability in Southeast Asia was reflected in lower earnings in the Polymers business, and the overseas business environment remains challenging. - FY2023WorsenedAnnual report
「Meanwhile, the global economy remained uncertain as interest-rate hikes in various countries put downward pressure on economic activity.」
The stagnation of the European economy, lower operating rates at users' factories in China, and weak global demand have resulted in lower sales in the Polymers and Functional Materials businesses. - FY2023-Q3WorsenedAnnual report
「Overseas, demand declined globally due to monetary tightening in Europe and the United States and the renewed spread of infections in China, among other factors. Together with persistently high costs for raw materials and fuel, this had a negative impact on Japan's manufacturing sector.」
Monetary tightening in Europe and the United States, the renewed spread of infections in China, and declining global demand were identified as new factors worsening the overseas business environment, with their impact on Japan's manufacturing sector also reflected in actual results. - FY2023-Q2RestatedAnnual report
「In the resins business, sales declined across applications due to reduced production in China caused by lockdowns, and sales for automotive-parts applications also declined due to lower automobile production. However, revenue increased due to price revisions and strong sales for leisure applications.」
The impact on overseas and related markets from lockdowns in China and reduced automobile production continues to be noted. Sales increased due to price revisions and strong sales for leisure applications. - FY2023-Q1WorsenedAnnual report
「The resins business struggled due to the effects of higher fuel and raw material prices, supply chain disruptions in the automotive industry and lower exports to China caused by lockdowns.」
Lower exports resulting from China's lockdowns and supply chain disruptions in the automotive industry were reflected in the resins business's weak performance. - FY2022-Q3Recovery coexists with supply constraints and geopolitical risksAnnual report
「In the domestic economy, demand in the manufacturing and service industries recovered following the lifting of the state of emergency. In the global economy, the recovery accelerated as the spread of COVID-19 was temporarily brought under control. However, toward the end of the period, infections with COVID-19 variants rose sharply, mainly in Europe and the US, raising concerns that the recovery in demand could suffer a sharp setback. In addition, conditions became uncertain due to global shortages and higher prices for parts and raw materials, disruptions in marine logistics, higher transportation costs and concerns about geopolitical tensions between the US and China.」
While describing the recovery in domestic and overseas demand, the company also identifies the rapid spread of variant infections, shortages and higher prices for parts and raw materials, disruptions in marine logistics and higher transportation costs, and geopolitical tensions between the US and China as new factors contributing to uncertainty. - FY2022-Q2WorsenedAnnual report
「The global economy generally maintained a recovery trend, although the pace varied by country and region, as COVID-19 vaccination programs progressed. However, conditions remained uncertain due to the spread of COVID-19 variants, global shortages and higher prices for parts and raw materials, and concerns about geopolitical tensions between the US and China.」
While describing the recovery trend in the global economy, the company newly specifies variants, shortages and higher prices for parts and raw materials, and geopolitical tensions between the US and China as factors contributing to uncertainty. - FY2022-Q1Economic recovery and variant risks coexistAnnual report
「The global economy maintained a recovery trend, supported by the recovery in demand in Europe, the US and China, where vaccination programs were progressing. However, conditions remained uncertain due to the global spread of COVID-19 variants.」
The company describes the recovery trend in the global economy resulting from a recovery in demand in Europe, the US and China, while explaining that uncertainty remains due to the global spread of variants. - FY2021-Q3RestatedAnnual report
「The global economy also remained uncertain, as the timing of containment of COVID-19 remained unforeseeable and economic activity stagnated, resulting in a slow recovery trend.」
The company continues to identify the stagnation of the global economy caused by COVID-19, the slow pace of recovery and uncertainty over when the pandemic will be contained as risks in the overseas business environment. - FY2021-Q2RestatedAnnual report
「The domestic economy entered a downturn as the spread of COVID-19 caused production and sales to fall sharply across a wide range of industries, including automobiles, while inbound demand disappeared, demand declined amid calls for self-restraint, and employment and income conditions deteriorated. The global economy likewise entered a downturn, with no visibility on when the spread of COVID-19 would be contained and concerns about a prolonged stagnation in economic activity.」
The company continues to identify domestic and overseas economic downturns, sharp declines in production and sales of automobiles and other products, lower demand, uncertainty over when the pandemic will be contained and concerns about its prolonged impact as business-environment risks, including overseas risks. - FY2021-Q1WorsenedAnnual report
「In the global economy as well, the stagnation of economic activity caused by the COVID-19 pandemic became apparent, while the timing of containment remained unforeseeable and concerns grew that its impact would expand and persist. As in the domestic economy, conditions entered a downturn.」
The company explicitly states that economic activity has stagnated globally, including overseas, and that the uncertainty over when the pandemic will be contained raises concerns about the impact expanding and persisting. - FY2020WorsenedAnnual report
「The US economy continued to show resilience, while stagnation became pronounced in China and elsewhere. Concerns also remained about the global spread of COVID-19 and the prolonged impact of the pandemic, and conditions continued to be uncertain.」
In addition to stagnation in China and elsewhere, the global spread of COVID-19 and concerns about its prolonged duration added to the factors contributing to uncertainty in the overseas business environment. - FY2020-Q3RestatedAnnual report
「The global economy remained resilient in the US, while a sense of stagnation continued in China and elsewhere. Concerns also remained about renewed escalation in US-China trade tensions and geopolitical risks, including the situation in the Middle East, and uncertainty continued in the near term.」
The company continues to identify stagnation in China and elsewhere, renewed escalation in US-China trade tensions and the situation in the Middle East as factors contributing to uncertainty in the overseas business environment. - FY2020-Q2WorsenedAnnual report
「The global economy remained resilient in the US, while stagnation continued in China and other countries. Geopolitical risks, including further escalation of US-China trade tensions and the situation in the Middle East, also remained unresolved, and conditions continued to be uncertain.」
The company cites stagnation in China and elsewhere, the “further escalation” of US-China trade tensions and geopolitical risks, stating that factors contributing to uncertainty in the overseas business environment intensified. - FY2020-Q1RestatedAnnual report
「In the global economy, the US continued to show resilience, but concerns remained about the slowdown in China's economy, sluggish semiconductor demand and deteriorating market conditions. In addition, geopolitical risks, including escalating US-China trade tensions and the situation in the Middle East, remained unresolved, and conditions continued to be uncertain.」
The company continues to identify China's economic slowdown, sluggish semiconductor demand, deteriorating market conditions, US-China trade tensions and geopolitical risks as factors contributing to uncertainty in the overseas business environment. - FY2019-Q3WorsenedAnnual report
「Amid growing instability in global conditions, including escalating US-China trade tensions, rising geopolitical risks and fluctuations in resource prices, economic conditions in China and Europe slowed, raising concerns about the impact on the Japanese economy. Conditions remained uncertain in the near term.」
The company continues to identify escalating US-China trade tensions, rising geopolitical risks and slowing economic conditions in China and Europe as factors contributing to uncertainty in the overseas and global economies. - FY2019-Q2RestatedAnnual report
「However, the outlook remains uncertain due to risks including the US's protectionist trade policies, the situation in the Middle East and rising fuel and raw material prices.」
The company continues to identify the US's protectionist trade policies, the situation in the Middle East and rising fuel and raw material prices as factors contributing to uncertainty in the overseas and business environment. - FY2019-Q1RestatedAnnual report
「Conditions remained uncertain amid caution over risks including the US's protectionist trade policies and the situation in the Middle East.」
The company continues to identify the US's protectionist trade policies and the situation in the Middle East as factors contributing to uncertainty in the overseas business environment. - FY2018RestatedAnnual report
「Concerns remain about the effects of uncertainty in overseas economies resulting from trade policies in the US and Europe and financial market volatility, while concerns about geopolitical risks have not been dispelled, and conditions remained uncertain.」
The company continues to describe uncertainty about the outlook for overseas economies due to trade policies, financial market volatility and geopolitical risks. - FY2018-Q2WorsenedAnnual report
「However, uncertainty about the outlook for the global economy has increased due to political instability and rising geopolitical risks.」
The company cites political instability and rising geopolitical risks, and states that uncertainty about the outlook for the global economy has increased. - FY2018-Q1WorsenedAnnual report
「Overseas, conditions remained uncertain due to rising geopolitical risks and political developments in the US and Europe.」
The overseas business environment section newly specifies rising geopolitical risks and political developments in the US and Europe, while uncertainty about the outlook continues. - FY2017-Q3WorsenedAnnual report
「Overseas, conditions remained uncertain, with no signs of improvement in the slowdown of the Chinese and emerging-market economies, increasing uncertainty in the global economy due to the UK's Brexit issue and the economic policies of the new US administration.」
The company states that the slowdown in the Chinese and emerging-market economies continued, and cites the UK's Brexit issue and the economic policies of the new US administration as factors behind increased uncertainty in the global economy. - FY2017-Q2RestatedAnnual report
「Overseas, conditions remained uncertain amid a broadening economic disruption caused by slower growth in Asian economies, including China, and resource-rich countries, as well as the UK's Brexit issue.」
The company describes the uncertainty of the overseas business environment, including slower growth in the Chinese and Asian economies and the UK's Brexit issue. However, it states that there have been no significant changes in business and other risks. - FY2017-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there were no new business or other risks, nor any significant changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no significant changes in risks relating to the overseas business environment, including China and Southeast Asia. - FY2016First statedAnnual report
「There are the following risks, particularly in China and Southeast Asia. If these events occur, they may affect the business results and financial condition of the group.」
The company lists changes in laws, regulations and tax systems, political factors, terrorism and war, and epidemics. It also mentions the slowdown in China's economy and weak demand in Asia in its discussion of business performance.