Impact of US-China Trade Issues on the Global Economy
First written in FY2020-Q1. 7 of 11 entries say "Worsened", first in FY2020-Q3. Latest entry: 2026-08-12.
SRA Holdings moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 13 of 36 companies on the "Worse" side.
17 other companies' latest entry also says "Restated".
- 2026-08-12RestatedEarnings
「Amid persistent heightened geopolitical risks, including the prolonged situation in Ukraine and heightened tensions in the Middle East, the domestic economy continued on a gradual recovery trend.」
The company stated that heightened geopolitical risks remained ongoing. It also referred to manufacturing customers affected by China's economic stagnation and US trade policy. - FY2026WorsenedAnnual report
「In addition to concerns about a slowdown in overseas economies, including rising raw-material costs and persistently high interest rates, uncertainty increased further as tensions in the Middle East escalated, amid concerns about a global economic slowdown and instability in various markets, including equity markets.」
In addition to a slowdown in overseas economies and persistently high raw-material costs and interest rates, the company explicitly identified escalating tensions in the Middle East and concerns about a global economic slowdown and market instability, with uncertainty surrounding the external environment increasing. - 2026-05-13RestatedRevision of earnings forecasts
「During the current consolidated fiscal year, the domestic economy continued on a gradual recovery trend amid persistent geopolitical risks, including US-China tensions, the prolonged situation in Ukraine and heightened tensions in the Middle East.」
The company stated that geopolitical risks, including US-China tensions, the situation in Ukraine and conditions in the Middle East, remained ongoing. - FY2025WorsenedAnnual report
「In addition to concerns about a slowdown in overseas economies, including rising raw-material costs and persistently high interest rates, uncertainty increased further amid concerns about a global economic slowdown resulting from the impact of new US trade policies centered on tariffs under the Trump administration, as well as instability in various markets, including equity markets.」
In addition to geopolitical risks and concerns about a slowdown in overseas economies, the company identified US trade policy centered on tariffs and market instability as new sources of uncertainty. - FY2025-H1WorsenedAnnual report
「However, some manufacturing customers are already being affected by China's economic downturn, while others, including automotive-related companies facing growing uncertainty, may see their future systems investment affected. In addition, we believe uncertainty about the outlook has deepened further following the confirmation of Mr. Trump's reelection in the US presidential election. We recognize the need to closely monitor customer trends more than ever in preparation for future downside risks.」
In addition to the existing geopolitical and overseas economic risks, the company explicitly identified China's economic downturn, uncertainty among automotive-related customers, and uncertainty about the outlook following the US presidential election, specifying concerns about downside risks to customers' systems investment. - FY2024-Q3RestatedAnnual report
「During the nine-month period of the third quarter of the fiscal year under review, Japan's economy remained on a gradual recovery track, although geopolitical risks were rising due to US-China tensions, the prolonged war in Ukraine, and escalating tensions in the Middle East. Demand in the information services industry remained firm, centered on investment to improve operational efficiency and reform businesses. At the same time, uncertainty about the outlook persisted, with concerns about the impact of a slowdown in overseas economies, led by a deterioration in China's economy, fluctuations in currency and equity markets, and soaring prices on Japan's economy and corporate investment appetite. We recognize the need to monitor domestic and overseas changes and investment trends more closely than ever.」
The company continues to express concerns about geopolitical risks, including US-China tensions, the situation in Ukraine, and the situation in the Middle East, as well as overseas economic conditions, currency and equity markets, and soaring prices. - FY2024-Q2WorsenedAnnual report
「However, geopolitical risks are rising, with tensions escalating in the Middle East in addition to the aforementioned US-China tensions and the situation in Ukraine. There are also concerns about the impact of a future slowdown in overseas economies, instability in currency and equity markets, and soaring prices on Japan's economy and corporate investment appetite. As some customers have begun curbing investment due to China-related risks and other factors, we recognize the need to monitor changes in domestic and overseas conditions and customers' investment trends more closely than ever in preparation for future downside risks.」
In addition to the existing US-China tensions and the situation in Ukraine, the company explicitly identified escalating tensions in the Middle East and investment restraint by some customers due to China-related risks, broadening concerns about downside risks from geopolitical factors and demand. - FY2024-Q1WorsenedAnnual report
「During the fiscal year under review, uncertainty persisted, including tensions between the United States and China, currency-market instability, the prolonged war in Ukraine, and concerns about a global economic slowdown, particularly in the United States.」
In addition to the existing US-China trade issues and other factors, the company explicitly identified currency-market instability, the prolonged war in Ukraine, and concerns about a global economic slowdown as external-environment risks. - FY2020WorsenedAnnual report
「The spread of the novel coronavirus has sharply accelerated the progress of digitalization, and we recognize that companies' operating models will undergo major structural changes both in Japan and overseas.」
In addition to the existing US-China trade issues and other factors, the company identified the spread of COVID-19, a slowdown in the global economy, and the possibility of weaker demand for IT investment as external-environment risks. - FY2020-Q3WorsenedAnnual report
「During the nine-month period of the third quarter of the fiscal year under review, Japan's economy remained on a moderate recovery track as capital investment increased and corporate earnings improved, although concerns remained about the impact of US-China trade issues, the situation in the Middle East, and other factors on the global economy.」
In addition to the existing US-China trade issues, the situation in the Middle East was explicitly identified as a source of concern for the global economy, broadening the scope of the disclosed external-environment risks. - FY2020-Q1First statedAnnual report
「There are concerns about the impact of US-China trade issues and other factors on the global economy.」
The company identifies the impact of US-China trade issues and other factors on the global economy as a new external risk.