Concerns About the Impact of US-China Trade Frictions
First written in FY2018-Q3. 2 of 6 entries say "Dropped", first in FY2018. Latest entry: FY2020.
The whole theme swung hardest in 2019: 13 of 36 companies on the "Worse" side.
9 other companies' latest entry also says "Dropped".
- FY2020DroppedAnnual reportThe concerns over the impact of US-China trade tensions described previously cannot be confirmed in the sections on the business environment and key risks in this annual securities report.
- FY2019WorsenedAnnual report
「During the consolidated fiscal year, the Japanese economy began to feel the impact on the real economy of the increasingly uncertain outlook for the global economy caused by prolonged US-China trade tensions, the UK's withdrawal from the EU and other factors.」
The report states that prolonged US-China trade tensions and growing uncertainty in the global economy have begun to affect the real economy. - FY2019-Q3WorsenedAnnual report
「During the cumulative third quarter of the consolidated fiscal year, the Japanese economy remained in an uncertain environment as the prolonged US-China trade tensions spread beyond the US and China to other Asian countries and began to affect Japan's exports.」
The report states that US-China trade tensions have become prolonged, spread to Asia and begun to affect Japanese exports, making their impact more concrete than the previous reference to uncertainty. - FY2019-Q2Referred to again as economic uncertaintyAnnual report
「During the cumulative second quarter, the Japanese economy remained on a gradual recovery trend as corporate earnings and the employment and income environment improved, although uncertainty, including the impact of US-China trade frictions, remained a concern.」
While stating that there were no material changes to the business risks, the company again referred to US-China trade frictions as a source of economic uncertainty. - FY2018DroppedAnnual reportThe previously disclosed concern over the impact of US-China trade frictions is not identified in the risk factors or business environment sections of this annual securities report.
- FY2018-Q3First statedAnnual report
「Although there were concerns about the impact of trade frictions, particularly between the United States and China, conditions remained generally firm.」
Trade-friction concerns are described as part of the external environment, but the disclosure does not state that an actual impact occurred during the quarter.