Increasing uncertainty over the outlook for the global economy due to US-China trade frictions
First written in FY2019-Q2. 3 of 5 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2019: 13 of 36 companies on the "Worse" side.
17 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「The Japanese economy remained uncertain during the fiscal year due to global developments including the prolonged US-China trade friction and the issue of the UK's withdrawal from the EU, as well as a decline in personal consumption in Japan resulting from the increase in the consumption tax rate.」
The company continued to explain that prolonged US-China trade friction was contributing to continued uncertainty over the outlook due to global developments. - FY2020-Q3RestatedAnnual report
「However, as the slowdown in the Chinese economy caused by US-China trade friction began to affect domestic economic conditions, personal consumption has been trending downward due to the impact of the consumption tax increase.」
The company continued to explain that the slowdown in the Chinese economy had begun to affect the domestic economy in connection with US-China trade friction. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter period, the Japanese economy continued on a moderate recovery trajectory against the backdrop of solid corporate earnings and improved employment conditions. However, as the slowdown in the Chinese economy caused by US-China trade friction began to affect domestic economic conditions, personal consumption was expected to trend downward as households became more defensive ahead of the consumption tax increase.」
Regarding US-China trade friction, the company continued the explanation from the previous quarter that the slowdown in the Chinese economy had begun to affect the domestic economy. - FY2020-Q1WorsenedAnnual report
「However, as the slowdown in the Chinese economy resulting from US-China trade friction began to affect the domestic economy, personal consumption was expected to trend downward as households sought to protect their living standards amid concerns over a consumption tax increase and pension issues.」
Regarding US-China trade friction, the company moved beyond concern over the global economy to explain that the slowdown in the Chinese economy had begun to affect the domestic economy. - FY2019-Q2First statedAnnual report
「Although the Japanese economy continued on a gradual recovery trend during the second quarter cumulative period, supported by improvements in corporate earnings and employment conditions, the outlook became uncertain amid concerns over the impact of escalating US-China trade friction on the global economy.」
The company expressed concern over the impact of escalating US-China trade friction on the global economy and identified an uncertain economic outlook for the first time.