Risks from China's Economic Slowdown and Exchange-Rate Volatility
First written in FY2016. 18 of 35 entries say "Restated". Latest entry: FY2026.
Nippon Felt moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2022: 124 of 167 companies on the "Worse" side.
64 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Meanwhile, the outlook remained uncertain due to concerns about the procurement and rising prices of crude oil against the backdrop of heightened tensions in the Middle East.」
Identifies concerns about crude oil procurement and rising prices resulting from geopolitical tensions as factors contributing to uncertainty about the outlook. - FY2026-H1WorsenedAnnual report
「Meanwhile, the outlook remained uncertain amid concerns about a decline in exports resulting from the impact of US tariff policies, as well as foreign exchange fluctuations.」
In addition to the previously identified foreign exchange fluctuations, explicitly identifies concerns about a decline in exports resulting from US tariff policies as a new factor contributing to uncertainty. - FY2025WorsenedAnnual report
「Meanwhile, the outlook remained uncertain due to inflation, including raw material and fuel prices, and US economic policies.」
In addition to inflation, including raw material and fuel prices, explicitly identifies US economic policies as a new factor contributing to uncertainty about the outlook. - FY2025-H1RestatedAnnual report
「Meanwhile, the outlook remained uncertain due to the prolonged geopolitical risks surrounding Ukraine and the Middle East, sharp foreign exchange fluctuations, and inflation.」
Continues to describe uncertainty about the outlook due to geopolitical risks, foreign exchange fluctuations, and inflation. - FY2024WorsenedAnnual report
「Meanwhile, the outlook remained uncertain due to persistently high raw material and fuel prices against the backdrop of the prolonged situations in Ukraine and the Middle East and the weaker yen, as well as inflationary pressures.」
In addition to the previously identified situation in Ukraine, the weaker yen, and persistently high raw material and fuel prices, explicitly identifies the prolonged situation in the Middle East and inflationary pressures as factors contributing to uncertainty about the outlook. - FY2024-Q3WorsenedAnnual report
「Meanwhile, the outlook remained uncertain amid the emergence of geopolitical risks, persistently high raw material and fuel prices, inflationary pressures, and an economic slowdown in China.」
In addition to the previously identified persistently high raw material and fuel prices, explicitly identifies the emergence of geopolitical risks, inflationary pressures, and an economic slowdown in China as factors contributing to uncertainty about the outlook. - FY2024-Q2WorsenedAnnual report
「Meanwhile, the outlook remained uncertain due to persistently high raw material and fuel prices against the backdrop of the prolonged situation in Ukraine and the weaker yen, as well as concerns about a slowdown in overseas economies resulting from global monetary tightening.」
In addition to the previously identified situation in Ukraine, the weaker yen, and persistently high raw material and fuel prices, newly identifies concerns about a slowdown in overseas economies resulting from global monetary tightening. - FY2024-Q1RestatedAnnual report
「Meanwhile, the outlook remained uncertain due to the impact of persistently high raw material and fuel prices against the backdrop of the prolonged situation in Ukraine and the weaker yen.」
Continues to describe uncertainty about the outlook due to the prolonged situation in Ukraine, the weaker yen, and persistently high raw material and fuel prices. - FY2023RestatedAnnual report
「The outlook remained uncertain due to the impact of soaring raw material and fuel prices, driven by the prolonged situation in Ukraine and the weaker yen, as well as logistics disruptions.」
Continues to describe uncertainty about the outlook due to the situation in Ukraine, the weaker yen, soaring raw material and fuel prices, and logistics disruptions. - FY2023-Q3RestatedAnnual report
「During the nine-month consolidated cumulative period, Japan's economy moved toward a gradual recovery under the conditions of living with COVID-19, but raw material and fuel prices continued to rise against the backdrop of the prolonged situation in Ukraine and the weaker yen.」
While the economy moved toward a gradual recovery, continues to identify the prolonged situation in Ukraine, the weaker yen, and soaring raw material and fuel prices as factors contributing to uncertainty about the outlook. - FY2023-Q2RestatedAnnual report
「During the six-month consolidated cumulative period, Japan's economy recovered gradually as it moved into a new phase of living with COVID-19. Meanwhile, soaring raw material and fuel prices, driven by the prolonged situation in Ukraine and the weaker yen, and logistics disruptions continued.」
States that uncertainty about the outlook continued despite a gradual economic recovery, due to the prolonged situation in Ukraine, the weaker yen, soaring raw material and fuel prices, and logistics disruptions. - FY2023-Q1RestatedAnnual report
「During the three-month consolidated cumulative period, Japan's economy moved toward normalization of social activity as the number of COVID-19 cases declined, but the outlook remained uncertain as raw material and fuel prices soared amid the prolonged situation in Ukraine and the weaker yen.」
While social activity moved toward normalization, continues to describe uncertainty about the outlook due to the prolonged situation in Ukraine, the weaker yen, and soaring raw material and fuel prices. - FY2022WorsenedAnnual report
「Although a recovery in personal consumption is expected as restrictions on activity are eased in response to the impact of COVID-19, the outlook remains uncertain due to soaring raw material and fuel costs and the situation in Ukraine.」
In addition to the previously identified uncertainty surrounding the pandemic and overseas economies, identifies the situation in Ukraine and soaring raw material and fuel costs as new concerns. - FY2022-Q3WorsenedAnnual report
「The situation remains uncertain amid concerns about a downturn in the economy due to the spread of newly emerging variants, disruption to logistics, and the continued high cost of raw materials and fuel.」
In addition to the previously identified uncertainty caused by COVID-19, explicitly identifies concerns about an economic downturn resulting from variants, logistics disruptions, and continued high raw material and fuel costs. - FY2022-Q2RestatedAnnual report
「During the six-month consolidated cumulative period, Japan's economy remained in a difficult situation due to the impact of COVID-19. Although social and economic activity is expected to normalize and the economy to recover as vaccinations progress, the risk of a resurgence in infections remains a concern, leaving the situation uncertain.」
Describes uncertainty in economic and financial conditions and the risk of a resurgence in infections. No specific new changes concerning China's economy or foreign exchange fluctuations are indicated. - FY2021-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
States that there have been no material changes in existing business and other risks, including China's economy and foreign exchange fluctuations. - FY2021-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
States that there have been no material changes in existing business and other risks, including China's economy and foreign exchange fluctuations. - FY2021-Q1RestatedAnnual report
「During the three-month consolidated cumulative period, Japan's economy experienced a pronounced downturn due to the spread of COVID-19, including the issuance of a state of emergency.」
States that the domestic economy has experienced a pronounced downturn due to the spread of COVID-19 and the state of emergency. - FY2020WorsenedAnnual report
「The domestic economy has been sharply depressed recently by the global spread of COVID-19, and the outlook remains wholly uncertain.」
In addition to the previously identified uncertainty in overseas economies and natural disasters, explicitly identifies the sharp downturn in the domestic economy caused by the global spread of COVID-19. - FY2020-Q3RestatedAnnual report
「During the nine-month consolidated cumulative period, Japan's economy continued to recover gradually as employment and income conditions improved, but the outlook remained uncertain due to developments concerning trade issues, stagnation in corporate earnings, particularly in the manufacturing sector, and the impact of natural disasters.」
Continues to describe uncertainty about the outlook due to trade issues, stagnation in corporate earnings, particularly in the manufacturing sector, and the impact of natural disasters. - FY2020-Q2RestatedAnnual report
「During the six-month consolidated cumulative period, Japan's economy was on a gradual recovery trend as employment conditions and corporate earnings continued to improve, but the outlook remained uncertain amid uncertainty in overseas economies, including US-China trade issues.」
While describing the gradual recovery trend in the domestic economy, continues to identify uncertainty about the outlook resulting from uncertainty in overseas economies, including US-China trade issues. - FY2020-Q1WorsenedAnnual report
「During the three-month consolidated cumulative period, Japan's economy continued on a gradual recovery track as employment and income conditions improved, but the outlook remained uncertain amid concerns about uncertainty in overseas economies and the impact of the consumption tax increase scheduled for this autumn.」
In addition to uncertainty in overseas economies, explicitly identifies the impact of the consumption tax increase scheduled for this autumn as a new concern. - FY2019WorsenedAnnual report
「The economy remained uncertain due to uncertainty in overseas economies, including US-China trade issues, and indications of weakness in the domestic economy during fiscal 2019.」
Explicitly identifies US-China trade issues and weakness in the domestic economy during fiscal 2019 as factors contributing to uncertainty about the outlook. - FY2019-Q3WorsenedAnnual report
「During the nine-month consolidated cumulative period, Japan's economy was on a gradual recovery track as employment conditions and corporate earnings improved, but the outlook remained uncertain due to US-China trade issues and the impact of instability in Europe.」
In addition to the previously identified US-China trade issues, explicitly identifies the impact of instability in Europe as a factor contributing to uncertainty about the outlook. - FY2019-Q2WorsenedAnnual report
「During the six-month consolidated cumulative period, Japan's economy was on a gradual recovery track as employment conditions and corporate earnings improved, but the outlook remained uncertain amid concerns about the economic impact of US-China trade issues and a succession of natural disasters.」
While describing the gradual recovery of the domestic economy, explicitly identifies US-China trade issues and the economic impact of a succession of natural disasters as new factors contributing to uncertainty. - FY2019-Q1RestatedAnnual report
「During the three-month consolidated cumulative period, Japan's economy was on a gradual recovery track as employment and income conditions and corporate earnings improved, but the outlook remained uncertain due to growing uncertainty in the global economy and risks of volatility in financial markets.」
While describing the gradual recovery of the domestic economy, continues to identify uncertainty about the outlook resulting from uncertainty in the global economy and risks of volatility in financial markets. - FY2018WorsenedAnnual report
「Political and economic developments, including growing geopolitical risks overseas, remained a concern, and the outlook continued to be uncertain.」
In addition to the previously identified uncertainty surrounding overseas economies and East Asia, explicitly identifies growing geopolitical risks overseas. - FY2018-Q3RestatedAnnual report
「During the nine-month consolidated cumulative period, Japan's economy was on a gradual recovery track as employment and income conditions and corporate earnings improved, but the outlook remained uncertain amid risk factors in East Asia.」
Continues to describe an uncertain economic environment due to risk factors in East Asia. - FY2018-Q2RestatedAnnual report
「The paper and pulp industry, which comprises the major customers of the Group, continues to face a challenging business environment. Although demand for containerboard is increasing, demand for newsprint, printing paper and information paper is trending downward as electronic media become more widespread.」
This filing also describes growing uncertainty in Europe, the US and East Asia, but does not indicate any specific new changes concerning China's economy or foreign exchange. - FY2018-Q1WorsenedAnnual report
「The economy remained lacking in strength due to growing uncertainty in the global economy and concerns about volatility in financial markets.」
Continues to identify growing uncertainty in the global economy and concerns about volatility in financial markets as factors contributing to uncertainty in the economic environment. - FY2017RestatedAnnual report
「Overseas economies remained uncertain due to concerns about a slowdown in emerging market economies including China, developments in the policies of the new US administration, and the UK's withdrawal from the EU.」
Identifies concerns about a slowdown in emerging market economies including China, the policies of the new US administration, and the UK's withdrawal from the EU as factors contributing to uncertainty in overseas economies. - FY2017-Q3RestatedAnnual report
「The economy remained uncertain due to fluctuations in the foreign exchange market, concerns about a slowdown in emerging market economies including China, and the UK's withdrawal from the EU.」
Continues to identify foreign exchange fluctuations, concerns about a slowdown in emerging market economies including China, and the UK's withdrawal from the EU as factors contributing to uncertainty about the outlook. - FY2017-Q2WorsenedAnnual report
「The improvement in corporate earnings slowed due to the stronger yen, while the outlook remained uncertain because of the UK's withdrawal from the EU and downside risks in China and other emerging Asian economies.」
In addition to the previously identified downside risks in China and emerging Asian economies and foreign exchange fluctuations, identifies the stronger yen and the UK's withdrawal from the EU as factors contributing to uncertainty about the outlook. - FY2017-Q1RestatedAnnual report
「The economy remained uncertain, due to downside risks in China and other emerging Asian and resource-producing economies, as well as unstable movements in stock prices and foreign exchange rates.」
Continues to identify downside risks in China, emerging Asian economies and resource-producing countries, as well as unstable movements in stock prices and foreign exchange rates, as factors contributing to uncertainty. - FY2016First statedAnnual report
「The outlook remains uncertain due to risks including an economic slowdown in China and foreign exchange volatility.」
Identifies China's economy and foreign exchange fluctuations as sources of uncertainty about the outlook.