Economic Slowdown in China and Emerging Markets and Sluggish Private Consumption
First written in FY2017-Q1. 14 of 32 entries say "Restated". Latest entry: FY2026.
Seiren moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 141 of 158 companies on the "Worse" side.
46 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The outlook remained uncertain as downside risks to the economy persisted due to developments in US trade and economic policy and rising geopolitical risks, while prices and energy and raw material costs remained high and the yen continued to trade at depreciated levels.」
While recognizing the economy's recovery trend, US trade and economic policy, geopolitical risks, and high prices and costs continue to be identified and specified as downside factors. - FY2026-H1Downside risks from rising prices and US trade policy explicitly identifiedAnnual report
「Although a moderate recovery continued during the interim consolidated accounting period due to improvements in employment and income conditions, downside risks to the economy from rising prices and US trade policy persisted, leaving the outlook uncertain.」
While recognizing the recovery resulting from improvements in employment and income conditions, rising prices and US trade policy were explicitly identified as downside risks to the economy. - FY2025Economic recovery cited alongside new uncertainty factorsAnnual report
「As economic and social activity continued to normalize and employment and income conditions improved, the economy entered a moderate recovery trend. However, the outlook remained uncertain due to soaring energy and raw material prices, sharp foreign-exchange fluctuations, developments in US economic policy and rising geopolitical risks, and the business environment requires even closer attention.」
While recognizing improvements in economic and social activity and employment and income conditions, US economic policy and geopolitical risks were explicitly identified as new uncertainty factors. - FY2025-H1Economic normalization cited alongside continued uncertaintyAnnual report
「Although economic and social activity continued to normalize and the economy entered a moderate recovery trend, the economic environment during the interim consolidated accounting period remained uncertain due to soaring energy and raw material prices and sharp foreign-exchange fluctuations.」
While recognizing the normalization of economic and social activity and the moderate recovery, uncertainty continues due to soaring energy and raw material prices and sharp foreign-exchange fluctuations. - FY2024WorsenedAnnual report
「Although the classification of COVID-19 under the Infectious Diseases Act changed and economic and social activity showed signs of normalization, the outlook remained uncertain due to the tense international situation, soaring energy and raw material prices, and sharp foreign-exchange fluctuations.」
While recognizing the normalization of economic and social activity, the uncertain environment continues due to the "tense international situation," higher costs and sharp foreign-exchange fluctuations. - FY2024-Q3RestatedAnnual report
「Although the classification of COVID-19 under the Infectious Diseases Act changed and economic and social activity showed signs of normalization, the economic environment during the nine-month period of the current fiscal year remained uncertain due to soaring energy and raw material prices and sharp foreign-exchange fluctuations.」
While recognizing the normalization of economic and social activity, the outlook continues to be uncertain due to soaring energy and raw material prices and sharp foreign-exchange fluctuations. - FY2024-Q2RestatedAnnual report
「Although the classification of COVID-19 under the Infectious Diseases Act changed and economic and social activity showed signs of normalization, the economic environment during the six-month period of the current fiscal year remained uncertain due to soaring energy and raw material prices and sharp foreign-exchange fluctuations.」
While recognizing the normalization of economic and social activity, the outlook continues to be uncertain due to soaring energy and raw material prices and sharp foreign-exchange fluctuations. - FY2024-Q1Economic normalization cited alongside continued uncertaintyAnnual report
「Although the classification of COVID-19 under the Infectious Diseases Act changed and economic and social activity showed signs of normalization, the economic environment during the three-month period of the current fiscal year remained uncertain due to soaring energy and raw material prices and sharp foreign-exchange fluctuations.」
While recognizing the normalization of economic and social activity following the change in the disease's legal classification, uncertainty continues due to higher costs and sharp foreign-exchange fluctuations. - FY2023-Q3RestatedAnnual report
「Although the COVID-19 priority preventive measures ended and some signs of recovery were seen, the outlook remained uncertain due to the resurgence in COVID-19 cases, soaring energy and raw material prices, and sharp foreign-exchange fluctuations.」
While recognizing some recovery, uncertainty in the global and domestic economies continues due to the resurgence in cases, higher costs and sharp foreign-exchange fluctuations. - FY2023-Q2WorsenedAnnual report
「Although the COVID-19 priority preventive measures ended and some signs of recovery were seen, the economic environment during the six-month period of the current fiscal year remained challenging due to the resurgence in COVID-19 cases and soaring energy and raw material prices.」
While some signs of recovery were seen, the economic environment remains challenging due to the resurgence in cases and soaring energy and raw material prices. - FY2023-Q1WorsenedAnnual report
「Conditions remained challenging due to factors including China's zero-COVID policy and soaring energy and raw material prices.」
China's zero-COVID policy was explicitly identified as a factor contributing to the challenging economic environment, and uncertainty factors affecting the global economy continue. - FY2022Resurgence of infections and increasing instability in the international situationAnnual report
「Although COVID-19 vaccinations progressed, the economic environment during the fiscal year remained challenging due to the implementation of states of emergency and priority preventive measures in response to the resurgence of infections caused by new variants, as well as the unstable international situation surrounding Ukraine.」
While recovery factors related to vaccinations are cited, the resurgence of infections from new variants and the implementation of related measures, together with the unstable international situation surrounding Ukraine, are cited as new uncertainty factors. - FY2022-Q2Recovery prospects cited alongside uncertainty resulting from a resurgence of infectionsAnnual report
「Although the rollout of COVID-19 vaccinations progressed and economic activity showed signs of a gradual recovery due to the reopening of economic activity and economic measures, the resurgence of infections caused by the spread of new variants led to the implementation of states of emergency and priority preventive measures, leaving conditions uncertain.」
While signs of a recovery in economic activity were seen, uncertainty continues due to the resurgence of infections from new variants and the implementation of states of emergency and other measures. - FY2022-Q1RestatedAnnual report
「The economic environment during the three-month period of the current fiscal year remained challenging as the contraction in global demand and constraints on economic activity resulting from the spread of COVID-19 continued. Although the spread of vaccinations is expected to lead to a gradual recovery, the outlook for the end of the pandemic remains difficult to predict due to factors including the reissuance of a state of emergency and the emergence of new variants, and the uncertain outlook is expected to continue.」
While the contraction in global demand and constraints on economic activity continue, the possibility of a recovery from vaccinations is cited alongside uncertainty resulting from new variants and other factors. - FY2021RestatedAnnual report
「Although improvements were seen in corporate performance and personal income, the timing of the end of the COVID-19 pandemic remains difficult to predict, and the environment surrounding companies continues to be uncertain due to policy developments in advanced economies, oil prices and foreign-exchange fluctuations.」
While recognizing some improvement in performance and income, the uncertain business environment resulting from the timing of the end of the pandemic, policy developments, oil prices and foreign-exchange fluctuations continues. - FY2021-Q3RestatedAnnual report
「The economic environment during the nine-month period of the current fiscal year remains challenging due to the contraction in global demand and constraints on economic activity resulting from the spread of COVID-19.」
The economic environment continues to be challenging due to the contraction in global demand and constraints on economic activity. - FY2021-Q2RestatedAnnual report
「The economic environment during the six-month period of the current fiscal year remains challenging due to the contraction in global demand and constraints on economic activity resulting from the spread of COVID-19.」
The economic environment continues to be challenging due to the contraction in global demand and constraints on economic activity. - FY2021-Q1WorsenedAnnual report
「The economic environment during the three-month period of the current fiscal year deteriorated steadily due to the contraction in global demand and constraints on economic activity resulting from the spread of COVID-19.」
The economic environment deteriorated steadily due to the contraction in global demand and constraints on economic activity resulting from the spread of COVID-19. - FY2020WorsenedAnnual report
「The business environment surrounding the Group is becoming increasingly challenging, due to slower growth in emerging-market economies, including China, policy developments in advanced economies, oil prices and foreign-exchange fluctuations, as well as the impact of the COVID-19 pandemic.」
In addition to slower growth in emerging-market economies, the impact of the COVID-19 pandemic was added, and the business environment was described as having become increasingly challenging. - FY2020-Q3WorsenedAnnual report
「The economic environment during the nine-month period of the current fiscal year was initially on a moderate recovery trend. However, in the latter half, the global economy, particularly the Chinese economy, slowed due to the intensifying US-China trade friction, while domestic consumption declined following the consumption tax increase. As a result, uncertainty about the outlook increased further, particularly in the domestic manufacturing sector.」
The slowdown in the Chinese and global economies due to the intensifying US-China trade friction, together with the decline in domestic consumption following the consumption tax increase, was cited, and uncertainty about the outlook increased further. - FY2020-Q2WorsenedAnnual report
「In the global economy, the US economy remains firm, while conditions continue to require close attention, including a slowdown in the Chinese economy due to the impact of the US-China trade friction and an uncertain outlook for the European economy.」
The slowdown in the Chinese economy is cited in connection with the impact of the US-China trade friction and continues to be identified as an uncertainty factor for the global economy. - FY2020-Q1WorsenedAnnual report
「In the global economy, the US economy remains firm, while conditions continue to require close attention, including a slowdown in the Chinese economy due to the impact of the US-China trade friction and an uncertain outlook for the European economy.」
The slowdown in the Chinese economy is cited in connection with the impact of the US-China trade friction and continues to be identified as an uncertainty factor for the global economy. - FY2019RestatedAnnual report
「In the global economy, although the US economy remains firm, the situation requires continued monitoring due to the impact of US-China trade friction, the uncertain outlook for the European economy, and soaring raw-material prices.」
Uncertainty factors affecting the global economy, including the US-China trade friction, the outlook for the European economy, and raw material prices, continue to be cited. - FY2019-Q3RestatedAnnual report
「In the global economy, although the US economy continues to expand, the situation requires continued monitoring due to the impact of US-China trade friction, the outlook for the European economy, rising geopolitical risks in various regions, and soaring crude oil prices.」
Uncertainty factors affecting the global economy, including the US-China trade friction, the outlook for the European economy, and geopolitical risks, continue to be cited. - FY2019-Q2WorsenedAnnual report
「In the global economy, although the US economy continues to expand, the situation requires continued monitoring due to the impact of US-China trade friction, the outlook for the European economy, rising geopolitical risks in various regions, and soaring crude oil prices.」
Uncertainty factors including the US-China trade friction, the outlook for the European economy, and geopolitical risks were added, along with slower growth in China and emerging markets. - FY2019-Q1RestatedAnnual report
「Meanwhile, the outlook for the global economy, including slowing growth in emerging-market economies and policy trends in developed countries, remains an area requiring continued monitoring.」
The company continues to describe uncertainty in the global economy, including slowing growth in emerging-market economies and policy trends in developed countries. - FY2018-Q3RestatedAnnual report
「The impact of slowing growth in China and emerging-market economies, policy trends in developed countries and terrorism on the global economy remains uncertain, and it is necessary to continue closely monitoring future developments.」
The company continues to describe uncertainty in the global economy, including slowing growth in China and emerging-market economies, policy trends in developed countries and the impact of terrorism. - FY2018-Q2RestatedAnnual report
「The impact of slowing growth in China and emerging-market economies, policy trends in developed countries and terrorism on the global economy remains uncertain, and it is necessary to continue closely monitoring future developments.」
The company continues to describe uncertainty in the global economy, including slowing growth in China and emerging-market economies, policy trends in developed countries and the impact of terrorism. - FY2018-Q1RestatedAnnual report
「The impact of slowing growth in China and emerging-market economies, policy trends in developed countries and terrorism on the global economy remains uncertain, and it is necessary to continue closely monitoring future developments.」
The company continues to describe uncertainty in the global economy, including slowing growth in China and emerging-market economies, policy trends in developed countries and the impact of terrorism. - FY2017-Q3WorsenedAnnual report
「The global economy has become increasingly uncertain, and it is necessary to continue closely monitoring future developments, including slowing growth in China and emerging-market economies, the UK's Brexit issue, and policies of the new US administration.」
The company states that the global economy has become more uncertain and adds the UK's Brexit issue and policies of the new US administration to the slowdown in growth in China and emerging markets as risk factors. - FY2017-Q2RestatedAnnual report
「The Japanese economy is showing improvement in employment conditions and personal income and is on a moderate recovery trend, but personal consumption has continued to show no signs of recovery. In the global economy, in addition to slowing growth in China and emerging-market economies, foreign exchange movements toward a stronger yen since the beginning of the year are a concern for their impact on the domestic economy.」
Delayed recovery in personal consumption, slowing growth in China and emerging markets, and concern over a stronger yen continue to be described as business-environment factors. - FY2017-Q1First statedAnnual report
「There has still been no sign of a recovery in personal consumption. In the global economy, economic growth in China and emerging markets continues to slow, leaving the outlook uncertain.」
The delayed recovery in domestic consumption and the economic slowdown in China and emerging markets were first presented as a distinct source of uncertainty in the business environment.