Risk of Lower Demand Due to Economic Slowdowns in China and Emerging Markets
First written in FY2016. 14 of 28 entries say "Restated". Latest entry: FY2026.
Awa Paper & Technological Company 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: 124 of 167 companies on the "Worse" side.
6 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Sales fell below the same period of the previous year due in part to the time required to respond with alternative products following inventory adjustments by customers and production stoppages at raw-material suppliers.」
Inventory adjustments by customers and production stoppages at raw-material suppliers emerged in actual results as a decline in sales of automotive-related materials. - FY2025MaterialisedAnnual report
「Revenue for the current consolidated fiscal year increased despite sluggish sales of automotive-related materials in China and Asia, owing to strong sales in North America and the tailwind from the weaker yen.」
Weak sales in China and Asia were reflected in full-year sales of automotive-related materials. Conversely, strong North American sales and the weaker yen contributed to higher revenue. - FY2025-H1MaterialisedAnnual report
「Against this backdrop, demand in the automotive-related parts market during the current interim consolidated accounting period declined globally. North America, which had driven demand to date, lost momentum toward the second half amid concerns about a slowdown in the U.S. economy, while the recovery was delayed by misconduct issues involving Japanese automakers. The prolonged downturn in the Chinese economy and increasingly pronounced weakness in the European economy also affected demand in each region.」
In addition to the downturn in the Chinese economy, concerns about a slowdown in the North American market, misconduct issues involving Japanese automakers and weakness in the European economy affected demand in each region, actually emerging as weakness in demand in the automotive-related parts market. - FY2024MaterialisedAnnual report
「Demand in the automotive-related parts market was generally firm, but in China, some demand for construction and industrial machinery was affected by weak demand for construction and civil engineering projects.」
The impact of the downturn in the Chinese economy on demand for construction and industrial machinery actually occurred and became a factor in the decline in sales of automotive-related materials. - FY2024-Q3MaterialisedAnnual report
「Demand in the automotive-related parts market during the third quarter of the current consolidated cumulative period was on a recovery trend as the semiconductor shortage eased, but the pace of recovery slowed due in part to the continued impact of the downturn in the Chinese economy.」
Although demand is on a recovery trend as the semiconductor shortage eases, the pace of recovery has slowed due in part to the downturn in the Chinese economy, and the impact of slowing overseas economies continues to emerge in actual market trends. - FY2024-Q2MaterialisedAnnual report
「Demand in the automotive-related parts market during the second quarter of the current consolidated cumulative period was on a recovery trend toward pre-COVID levels, but the market-wide recovery slowed due to the downturn in the Chinese economy. In particular, demand for construction and industrial machinery fell sharply because of deteriorating real estate conditions in China.」
The downturn in the Chinese economy and deteriorating real estate conditions slowed the recovery in the automotive-related parts market, while demand for construction and industrial machinery fell sharply. The impact of these risks has emerged in actual demand trends. - FY2024-Q1MaterialisedAnnual report
「Demand in the automotive-related parts market during the first quarter of the current consolidated cumulative period was on a recovery trend toward pre-COVID levels, but momentum slowed, mainly due to production and inventory adjustments stemming from the downturn in the Chinese economy.」
Production and inventory adjustments driven by the downturn in the Chinese economy actually occurred, slowing the recovery in automotive-related demand. - FY2023RestatedAnnual report
「Although demand for automotive-related materials is on a recovery track, production adjustments have continued amid disruption in the global economy.」
Disruption in the global economy and delayed recovery in overseas markets, including China, continue to be external factors affecting automotive-related demand. - FY2023-Q3RestatedAnnual report
「During the nine-month period of the third quarter, there were no new business or other risks, or significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
There are no new business or other risks, or material changes to existing risks. The external environment, including a resurgence of infections in China and constraints on parts supplies, continues to be mentioned in the discussion of operating results. - FY2023-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The disclosure states that no new business or other risks arose and that no material changes occurred to existing risks. - FY2023-Q1RestatedAnnual report
「During the first quarter of the fiscal year, the global economy remained uncertain, amid rising raw-material and fuel prices due to the situation in Ukraine, concerns over China’s zero-COVID policy and the rapid spread of infections caused by variants.」
The company states that uncertainty in overseas economies continues, including concerns over China’s zero-COVID policy and variants. It also states that no new business or other risks have arisen and that there have been no significant changes. - FY2021-Q3MitigatedAnnual report
「Global vehicle sales had fallen sharply in regions around the world excluding China due to the spread of COVID-19, but have gradually recovered since the second half of the fiscal year. Demand in the automotive parts industry, a related market for the company’s group, had also declined substantially but recovered as vehicle sales rebounded. Demand in the water-treatment-related market also declined due to the spread of COVID-19, but is gradually showing signs of recovery.」
The company stated that automotive sales, demand for automotive parts and water-treatment-related demand had shifted from decline to a recovery trend from the second half onward. However, it did not state that uncertainty over the outlook for overseas economies had been resolved. - FY2020-Q3MaterialisedAnnual report
「Global vehicle sales during the third quarter of the fiscal year decreased year on year, due mainly to a significant decline in China, the world’s largest market. Against this backdrop, demand in the automotive parts industry, a related market for the company’s group, also contracted.」
The decline in vehicle sales in China and contraction in demand in the automotive parts industry continued through the nine-month period of the third quarter and led to lower sales of automotive-related materials and other products. - FY2020-Q2MaterialisedAnnual report
「Global vehicle sales during the second quarter of the fiscal year decreased year on year, despite solid growth in Japan, due mainly to a significant decline in China, the world’s largest market. Against this backdrop, demand in the automotive parts industry, a related market for the company’s group, also contracted.」
The decline in vehicle sales in China and contraction in demand in the automotive parts industry actually occurred and led to lower sales of automotive-related materials. The business and other risks section states that there were no new risks or significant changes. - FY2020-Q1MaterialisedAnnual report
「Global vehicle sales during the first quarter of the fiscal year decreased year on year, despite increases in Japan, Thailand and other markets, due mainly to a significant decline in China, the world’s largest market. Against this backdrop, demand in the automotive parts industry, a related market for the company’s group, also contracted.」
The company stated that the decline in vehicle sales in China and contraction in demand in the automotive parts industry had actually occurred and had led to lower sales of automotive-related materials and other products. It also stated in the business and other risks section that there were no new risks or significant changes. - FY2019RestatedAnnual report
「Meanwhile, overseas economies remain uncertain due to developments in trade issues and the slowdown in China’s economy.」
The company continues to describe uncertainty in overseas economies, including the slowdown in China’s economy. - FY2019-Q3RestatedAnnual report
「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new risks or significant changes to existing risks, including economic fluctuations in emerging markets and overseas markets. - FY2019-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that no new risks arose and that there were no material changes to existing risks. - FY2019-Q1RestatedAnnual report
「During the three-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that no new risks arose and that there were no material changes to existing risks. - FY2018RestatedAnnual report
「Although local demand in emerging markets has continued to rise with their economic development in recent years, a decline in such demand due to worsening economic conditions or other factors could affect the performance of the company’s group.」
The company continues to describe the risk that demand may decline due to worsening economic conditions, while anticipating growth in demand from emerging markets. - FY2018-Q3RestatedAnnual report
「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that no new risks arose and that there were no material changes to existing risks. - FY2018-Q2RestatedAnnual report
「During the six-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that no new risks arose and that there were no material changes to existing risks. - FY2017-Q3RestatedAnnual report
「Demand in the water business market remained sluggish, including as a result of the impact of slower economic growth in China.」
The company continues to describe the situation in which slower economic growth in China affects demand in the water business market. It states that there have been no new risks or significant changes to business and other risks. - FY2017-Q2RestatedAnnual report
「Demand in the global water business market remained firm during the first half of the fiscal year, but the market was affected by slower economic growth in China during the second half.」
The company continues to describe the external environment in which slower economic growth in China affects the water business market. It states that there have been no significant changes to business and other risks. - FY2017-Q1RestatedAnnual report
「During the first quarter of the fiscal year, Japan’s economy showed signs of recovery in housing construction, against a backdrop of exchange-rate volatility following the UK’s withdrawal from the EU and an economic slowdown in China. However, the economy remained weak, with stagnant personal consumption and flat industrial production, and the recovery trend stalled.」
The company continues to describe uncertainty in the external environment, including China’s economic slowdown, but states that there have been no significant changes to business and other risks. - FY2016First statedAnnual report
「The outlook for the economy remains uncertain, as downside risks to overseas economies remain high due to slower economic growth in China and other emerging Asian economies, sluggish conditions in resource-producing countries and other factors.」
The company identifies the possibility that demand for automotive-related materials and water-treatment-related materials may decline as a result of worsening economic conditions as a risk.