Uncertainty Over the Economic Outlook from China's Slowdown and Brexit
First written in FY2017-Q2. 8 of 19 entries say "Worsened", first in FY2020. Latest entry: FY2026.
Okayama Paper Industries 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 2022: 140 of 172 companies on the "Worse" side.
68 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Meanwhile, uncertainty over the outlook continued, including the impact of volatile exchange-rate movements and the situation in the Middle East on the procurement of fuel and materials.」
In addition to the previous factors, including rising prices and the economic slowdown, volatile exchange-rate movements and the impact of the situation in the Middle East on fuel and material procurement were cited as new sources of uncertainty. - FY2025WorsenedAnnual report
「Meanwhile, uncertainty over the outlook continued, including the impact of US trade policy on domestic economic conditions.」
In addition to the previous factors, including rising prices and the economic slowdown, the impact of US trade policy on domestic economic conditions was cited as a factor contributing to uncertainty over the outlook. - FY2024WorsenedAnnual report
「In the paperboard industry during the fiscal year, overall domestic industrial activity continued to normalize and the economy continued to recover moderately, partly due to the transition of COVID-19 to a Class 5 infectious disease and the effects of various government policies. However, the outlook remains uncertain due to persistently high raw material and fuel prices and the continued depreciation of the yen.」
While normalization of economic activity and the economic recovery were noted, uncertainty over the outlook due to persistently high raw material and fuel prices and the continued depreciation of the yen remained. - FY2024-Q2WorsenedAnnual report
「Demand for paperboard, particularly corrugating medium, declined due to the impact of restrained consumption resulting from rising prices and other factors, and sales volume declined.」
Consumption restraint resulting from rising prices has materialized as weaker demand for paperboard, and the impact of uncertainty over economic conditions and demand continues. - FY2024-Q1RestatedAnnual report
「Although paperboard demand declined due to an economic slowdown caused by soaring prices and other factors, sales increased as product price revisions took hold.」
The impact of rising prices and the economic slowdown on demand continues to be cited. Meanwhile, price revisions have partially absorbed the impact on business performance. - FY2023WorsenedAnnual report
「Demand declined in the second half due to an economic slowdown caused by soaring prices and other factors, making the outlook uncertain.」
While the impact of COVID-19 eased, the disclosure cited declining demand and uncertainty over the outlook due to rising prices and the economic slowdown. - FY2023-Q3MitigatedAnnual report
「As society and the economy continued to transition to activities compatible with COVID-19, the domestic economy gradually recovered. However, paperboard demand, particularly for corrugating medium, has recently weakened somewhat due to rising consumer prices and other factors.」
The domestic economy was said to be recovering moderately as social and economic activity transitioned to living with COVID-19, partially easing the previous uncertainty caused by the pandemic and economic deterioration. At the same time, weakening demand due to rising prices was noted. - FY2023-Q2MitigatedAnnual report
「As society and the economy continued to transition to activities compatible with COVID-19, the domestic economy gradually recovered, and demand for paperboard, particularly corrugating medium, remained generally firm.」
It was stated that the impact of uncertainty over domestic economic conditions and demand had eased partially as society and the economy transitioned to living with COVID-19 and the domestic economy began to recover. - FY2022WorsenedAnnual report
「Meanwhile, energy and various material prices surged following Russia's invasion of Ukraine, while the weaker yen added to the pressure, increasing uncertainty over the outlook.」
In addition to the economic uncertainty previously caused by COVID-19 and other factors, the disclosure cited increased uncertainty resulting from the invasion of Ukraine, surging energy and other material prices, and the weaker yen. - FY2022-Q3MitigatedAnnual report
「The impact of the economic downturn caused by the spread of COVID-19 has eased, and demand for paperboard, particularly containerboard, is also beginning to recover.」
It was stated that the impact of the economic downturn caused by COVID-19 had eased and that domestic demand for paperboard was beginning to recover. - FY2022-Q2MitigatedAnnual report
「Overall domestic economic activity recovered as the number of new COVID-19 cases declined and various restrictions were eased in response. Demand for paperboard, particularly containerboard, was also beginning to recover.」
The recovery in economic activity following the COVID-19 pandemic partially eased the uncertainty over domestic economic conditions and demand that had been noted through the previous quarter. - FY2022-Q1RestatedAnnual report
「The recovery in overall domestic economic activity remained sluggish due to the impact of COVID-19, and demand for paperboard, particularly containerboard, also remained lackluster.」
The sluggish recovery of the domestic economy caused by COVID-19 and weak demand for paperboard have continued. - FY2021WorsenedAnnual report
「During the fiscal year, the economic downturn and sluggish personal consumption continued as the spread of COVID-19 showed no sign of subsiding, while requests for business closures and for people to refrain from going out remained in effect.」
It was stated that the impact of COVID-19 had not subsided and that the economic downturn and sluggish personal consumption were continuing, deepening uncertainty over the economic outlook. - FY2020WorsenedAnnual report
「During the fiscal year, signs of a significant deterioration in the overall economy emerged as the spread of COVID-19 led countries around the world to impose entry restrictions, amid growing signs of a slowdown in corporate earnings and business conditions due to the prolonged US-China trade dispute and the UK's exit from the EU.」
In addition to the uncertainty previously caused by the Chinese economy, the UK's exit from the EU and US policies, the prolonged US-China trade dispute and the deterioration of the overall economy caused by the spread of COVID-19 were cited, indicating an expansion of economic risks. - FY2019MaterialisedAnnual report
「Meanwhile, overseas exports of waste paper, a key raw material, became unstable due to the impact of US-China trade friction, significantly affecting domestic market prices.」
In addition to the previously cited general uncertainty over the economic outlook, the instability of waste-paper exports caused by US-China trade friction and its impact on domestic market prices actually emerged. - FY2018RestatedAnnual report
「To address an environment in which globalization is expected to accelerate further, we will pursue initiatives to become a company trusted by customers by responding to changes in the social environment. We will also strengthen our environmental initiatives further, recognizing our corporate social responsibility and working to realize a recycling-oriented society that coexists with the environment, while establishing a sustainable corporate structure and enhancing corporate value.」
Specific factors such as China's economy and the UK's exit from the EU were not cited. The general recognition of an environment in which globalization is accelerating, together with the related response policy, remains unchanged. - FY2017ReframedAnnual report
「To address an environment in which globalization is expected to accelerate further, we will pursue initiatives to become a company trusted by customers by responding to changes in the social environment. We will also strengthen our environmental initiatives further, recognizing our corporate social responsibility and working to realize a recycling-oriented society that coexists with the environment, while establishing a sustainable corporate structure and enhancing corporate value.」
The specific concerns cited through the previous quarter, including China's economic slowdown, the UK's exit from the EU and US economic policy, were not mentioned and were replaced by a general recognition of an environment in which globalization is accelerating. - FY2017-Q3Updated areas of concernAnnual report
「During the cumulative nine-month period, the Japanese economy continued to recover moderately as employment and income conditions improved. However, the economic outlook remained uncertain due to the impact of US economic policies and trends in the Chinese economy, among other factors.」
References to China's economic slowdown and the UK's exit from the EU were replaced by US economic policy and trends in the Chinese economy as factors contributing to uncertainty over the economic outlook. - FY2017-Q2First statedAnnual report
「Concerns have arisen over economic stagnation due to China's economic slowdown and the UK's withdrawal from the European Union (EU), and the economic outlook remains uncertain.」
For the first time, China's economic slowdown and the UK's exit from the EU were specifically listed as factors behind economic stagnation and uncertainty over the outlook.