Impact of US-China Trade Friction on the Domestic Economy
First written in FY2019-Q2. 6 of 10 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
65 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「However, the effects of uncertainty over US tariff policy, higher resource prices resulting from heightened tensions in the Middle East, and the resulting rise in prices continue.」
Uncertainty in the economic environment due to US tariff policies, heightened tensions in the Middle East, and soaring resource prices and inflation continues. - FY2026-H1WorsenedAnnual report
「Meanwhile, the outlook for economic conditions remains uncertain, due to risks of weaker consumer sentiment resulting from continued inflation and the impact of US tariff policies, among other factors.」
In addition to the previous uncertainty arising from inflation and US tariff policies, the risk that inflation will weaken consumer sentiment is explicitly identified. - FY2025US tariff policy mentioned againAnnual report
「However, the outlook for economic conditions remains uncertain, due to factors including soaring resource prices and continued inflation resulting from the prolonged situation in the Middle East, as well as the impact of US tariff policies and other factors.」
Rather than using the previous expression, "US-China trade friction," the company cites the impact of US tariff policies and other factors as sources of uncertainty regarding the outlook for economic conditions. - FY2023DroppedAnnual reportIn this filing's description of the operating environment and risks, the previous concerns regarding US-China trade friction cannot be identified.
- FY2020RestatedAnnual report
「Meanwhile, attention needs to be paid to developments concerning infectious diseases, including a decline in crude oil prices resulting from changes in the supply-demand environment, as well as developments related to trade issues.」
Uncertainty in the economic environment due to infectious diseases, crude oil supply and demand, and trade issues, among other factors, continues. - FY2020-Q3RestatedAnnual report
「Meanwhile, attention needs to be paid to developments in the overseas economy, including trade issues, developments concerning novel infectious diseases, and the situation in the Middle East, as well as trends in consumer sentiment following the consumption tax rate increase.」
Uncertainty in the economic environment due to trade issues and overseas conditions, among other factors, continues. Novel infectious diseases and consumer sentiment were separately identified as risks. - FY2020-Q2RestatedAnnual report
「Meanwhile, uncertainty continued, including the impact on the global economy of rising tensions over trade issues, the outlook for the Chinese economy, and concerns about rising crude oil prices.」
Uncertainty in the economic environment, including trade issues, the outlook for the Chinese economy, and concerns about rising crude oil prices, continues. - FY2020-Q1RestatedAnnual report
「Meanwhile, uncertainty continued, including the impact on the global economy of rising tensions over trade issues and concerns about a slowdown in the Chinese economy.」
Tensions over trade issues and concerns about a slowdown in the Chinese economy continue to be cited as sources of uncertainty for the domestic and global economies. - FY2019-Q3RestatedAnnual report
「During the nine months ended [the third quarter] of the current fiscal year, the domestic economy was affected by fluctuations in overseas demand, including concerns about the impact of US-China trade friction on economic conditions and a slowdown in the Chinese economy,」
The company continues to identify concerns about the impact of US-China trade friction on economic conditions and fluctuations in overseas demand, including the slowdown in the Chinese economy, as sources of uncertainty in the business environment. - FY2019-Q2First statedAnnual report
「Although there were concerns, including damage from natural disasters and the potential impact of US-China trade friction,」
The potential impact of US-China trade friction is mentioned for the first time as a source of concern in the description of the domestic economic environment.