Increased Uncertainty in Economic Conditions Due to Higher Consumption Tax Rates, US-China Trade Friction and Other Factors
First written in FY2020-Q1. 10 of 12 entries say "Worsened", first in FY2020-Q2. Latest entry: FY2024-Q2.
Daio Paper moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2020: 23 of 30 companies on the "Worse" side.
17 other companies' latest entry also says "Worsened".
- FY2024-Q2WorsenedAnnual report
「However, the risks of domestic economic deterioration from inflation caused by surging raw material and energy prices due to the prolonged situation in Ukraine and yen depreciation, as well as a global economic downturn resulting from global monetary tightening, remain high, and the outlook is still uncertain.」
In addition to the previous risks of soaring resource prices and yen depreciation, the Company explicitly identified a downturn in the global economy caused by worldwide monetary tightening as a downside risk to the Japanese economy. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy was moving toward normalisation as restrictions on activities related to COVID-19 were eased and COVID-19 was reclassified as a Class 5 disease under the Infectious Diseases Control Law. However, the outlook remained uncertain due to the prolonged situation in Ukraine, soaring resource and raw material prices, and inflation resulting from yen depreciation.」
Uncertainty in the economic environment has continued due to the situation in Ukraine, soaring resource and raw material prices, the weaker yen and rising prices. - FY2023-Q2WorsenedAnnual report
「The prolonged Russia-Ukraine situation and resulting soaring resource prices, together with the exchange rate remaining at historically weak yen levels, have led to successive price increases for food and other essential goods, putting pressure on household finances. The economy lacks strength.」
The impact of the prolonged Russia-Ukraine situation, soaring resource prices and the historically weak yen on the economy and household finances has continued, deepening uncertainty in the external economic environment. - FY2023-Q1WorsenedAnnual report
「The outlook for the economy is extremely uncertain due to persistently high global resource prices following Russia’s invasion of Ukraine and rising consumer prices caused by the yen’s rapid depreciation, among other factors.」
In addition to the previous COVID-19-related risks, Russia’s invasion of Ukraine, persistently high resource prices, the sharp depreciation of the yen and rising consumer prices were explicitly identified as economic-environment risks. - FY2022WorsenedAnnual report
「Global prices of crude oil, coal and other fuels have remained high for an extended period due to the destabilisation of international affairs caused by Russia’s invasion of Ukraine, leaving the outlook for the economy extremely uncertain.」
In addition to the previous risks including the COVID-19 pandemic and US-China trade tensions, the destabilisation of international affairs caused by Russia’s invasion of Ukraine and soaring resource prices were added and intensified as economic-environment risks. - FY2022-Q2WorsenedAnnual report
「The outlook has become even more uncertain due to the recent global surge in resource prices, particularly coal and natural gas.」
The global surge in resource prices was newly highlighted as a factor increasing uncertainty about the outlook, deepening recognition of risks in the economic environment. - FY2021-Q3WorsenedAnnual report
「With no clear prospect for the COVID-19 pandemic to end, the economic downturn and sluggish personal consumption caused by requests for business closures and restrictions on going out have continued. The global economy has likewise slowed under the impact of the pandemic, and the outlook remains uncertain.」
The impact of COVID-19 has continued, with uncertainty in the economic environment persisting from the deterioration of the Japanese economy and sluggish personal consumption through to the slowdown in the global economy. This was described as a continuation and intensification of previously identified risks. - FY2021-Q1WorsenedAnnual report
「The Japanese economy slowed sharply due to requests for business closures and restrictions on going out associated with the spread of COVID-19, while personal consumption also fluctuated significantly. The global economy has likewise slowed markedly due to the spread of the infection, and the outlook is expected to remain uncertain.」
The spread of COVID-19 caused a rapid and severe slowdown in economies in Japan and overseas, and uncertainty in the economic environment has continued. - FY2020WorsenedAnnual report
「However, the outlook for the economy remains uncertain due to the impact of successive natural disasters, the decline in consumer sentiment following the consumption tax increase in October 2019, and the global spread of COVID-19.」
The global spread of COVID-19 was added to the US-China trade tensions, consumption tax increase and natural disasters as a factor contributing to uncertainty in the economic environment. - FY2020-Q3WorsenedAnnual report
「However, the outlook remains uncertain due to the impact of a slowdown in the global economy caused by the prolonged US-China trade tensions, the spread of COVID-19 and worsening conditions in the Middle East.」
In addition to the previous US-China trade tensions, the spread of COVID-19 and worsening conditions in the Middle East were explicitly added as factors contributing to the global economic slowdown and increased uncertainty about the outlook. - FY2020-Q2WorsenedAnnual report
「During the first 6 months of the current consolidated fiscal year, the Japanese economy continued to recover moderately as employment and income conditions improved. However, the outlook remains uncertain due to the impact of a slowdown in the global economy caused by the prolonged US-China trade tensions.」
The prolonged US-China trade tensions became a factor slowing the global economy and heightened concerns about the outlook. They were identified as an external environmental risk also associated with declining export demand for paperboard and corrugated board. - FY2020-Q1First statedAnnual report
「The Japanese economy also recovered moderately on the back of a rebound in personal consumption and improving employment conditions. However, the outlook remains uncertain due to the impact of the consumption tax rate increase and the prolonged US-China trade tensions, among other factors.」
The consumption tax rate increase and prolonged US-China trade tensions were newly identified explicitly as external risks clouding the outlook for the Japanese economy.