Western Political Risks and Asian Geopolitical Risks
First written in FY2018-Q2. 7 of 9 entries say "Worsened", first in FY2020-Q1. Latest entry: FY2024.
Startia Holdings 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: 46 of 79 companies on the "Worse" side.
37 other companies' latest entry also says "Worsened".
- FY2024WorsenedAnnual report
「During the current consolidated fiscal year, unstable overseas economic conditions, including the scaling back of monetary easing in developed countries led by the United States, the continued trend toward yen depreciation, the prolonged Russia-Ukraine situation and conflicts in the Middle East, as well as geopolitical risks, posed a risk of putting downward pressure on the Japanese economy, leaving the outlook for economic activity uncertain.」
In addition to the previously cited scaling back of monetary easing and the situation in Ukraine, the conflict in the Middle East and the continued trend toward yen depreciation were identified as factors contributing to instability in the overseas economy, broadening geopolitical and macroeconomic risks. - FY2023-Q3WorsenedAnnual report
「During the third quarter of the current cumulative consolidated period, economic activity showed signs of recovery as restrictions on movement related to COVID-19 were eased. However, the outlook for economic activity remained uncertain due to concerns about the impact of the scaling back of monetary easing in developed countries including the United States, surging energy prices in response to the situation in Ukraine and elsewhere, and higher procurement prices resulting from inflation.」
While the easing of restrictions on movement and signs of a recovery in economic activity were noted, the scaling back of monetary easing, surging energy prices in response to the situation in Ukraine and higher procurement prices resulting from inflation were identified as new areas of concern. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the current cumulative consolidated period, the outlook for economic activity remained uncertain amid the continued resurgence of COVID-19, the scaling back of monetary easing in developed countries including the United States, surging crude oil prices, shortages of semiconductors and other supplies, and heightened tensions surrounding Ukraine.」
In addition to the previously cited pandemic, US-China relations and the Chinese economy, the scaling back of monetary easing, surging crude oil prices, shortages of semiconductors and other supplies, and heightened tensions surrounding Ukraine were identified as factors contributing to uncertainty in the business environment. - FY2020WorsenedAnnual report
「Business sentiment deteriorated across many industries due to a slowdown in the global economy centered on the Chinese economy, including the stalled US-China trade-friction negotiations, and a decline in consumption following the consumption tax rate increase implemented in October. In addition, economic activity in Japan and overseas was constrained by the global spread of COVID-19, resulting in an extremely uncertain outlook.」
In addition to US-China trade friction, the slowdown in the Chinese economy and the consumption tax rate increase, restrictions on economic activity resulting from COVID-19 were added. - FY2020-Q3WorsenedAnnual report
「During the third quarter of the current cumulative consolidated period, business sentiment deteriorated across many industries due to a slowdown in the global economy centered on the Chinese economy, including the stalled US-China trade-friction negotiations, and a decline in consumption following the consumption tax increase implemented in October.」
In addition to the US-China trade-friction negotiations and the slowdown in the global economy centered on the Chinese economy, the decline in consumption following the consumption tax increase was identified as a factor behind the deterioration in business sentiment. - FY2020-Q2WorsenedAnnual report
「During the second quarter of the current cumulative consolidated period, the Japanese economy was affected by concerns about the impact of worsening overseas conditions, including intensifying US-China trade friction, a slowdown in the Chinese economy and the prolonged Brexit issue, on the domestic economy.」
In addition to the existing US-China trade friction and slowdown in the Chinese economy, the prolonged Brexit issue was identified as an additional factor worsening overseas conditions. - FY2020-Q1WorsenedAnnual report
「During the first quarter of the current cumulative consolidated period, the Japanese economy was weighed down by concerns about the impact of worsening overseas conditions, including intensifying US-China trade friction and a slowdown in the Chinese economy, on the domestic economy.」
Intensifying US-China trade friction and the slowdown in the Chinese economy were explicitly identified as downward pressures on the domestic economy. - FY2018RestatedAnnual report
「The outlook has become uncertain due to rising political risks in the West and geopolitical risks in Asia, among other factors.」
The company has reiterated the uncertainty in the business environment arising from political risks in the West and geopolitical risks in Asia. - FY2018-Q2First statedAnnual report
「The outlook has become uncertain due to rising political risks in the West and geopolitical risks in Asia, among other factors.」
The description of the business environment mentions for the first time the uncertain outlook resulting from rising political risks in the West and geopolitical risks in Asia.