Uncertain Outlook Due to Prolonged U.S.-China Trade Friction and Slowing Overseas Economies
First written in FY2020-Q1. 2 of 7 entries say "Restated". Latest entry: FY2027-H1.
Imura & moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2022: 104 of 134 companies on the "Worse" side.
75 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「Meanwhile, concerns continue over the impact on the Japanese economy and people's lives of rising prices due to the weaker yen and structural labour shortages, as well as shortages of resources and energy and supply-chain disruptions associated with heightened geopolitical risks, particularly in the Middle East.」
In addition to existing concerns over geopolitics and trade wars, the company specifically lists the weaker yen, structural labour shortages, shortages of resources and energy, and supply-chain disruptions as factors affecting conditions. - FY2026-H1WorsenedAnnual report
「The Japanese economy during the six-month interim consolidated accounting period remained broadly favourable, supported by inbound demand and improvements in income levels. However, concerns remain over the impact on corporate activity and people's lives of the prolonged depreciation of the yen, changes in the Bank of Japan's interest-rate policy, chronic labour shortages, unprecedentedly hot weather, and the spread of conflicts and trade wars in various parts of the world.」
The company lists the weaker yen, interest-rate policy, labour shortages, conflicts in various parts of the world and the spread of trade wars as factors of concern, broadening the range of factors contributing to uncertainty in the economic environment. - FY2025Further reference and expansion of factors contributing to economic uncertaintyAnnual report
「Concern remains over the potential impact of persistently high raw material and fuel prices due to geopolitical risks, the slowdown in the Chinese economy, and policy shifts by the new US administration.」
The risk of uncertainty in overseas economies, which had not been directly disclosed for a period, is again identified as a concern, including the slowdown in the Chinese economy and policy shifts by the new US administration. - FY2021DroppedAnnual reportThe principal disclosures on business and other risks and the economic environment for the year contain no direct reference to prolonged US-China trade tensions or a slowdown in overseas economies.
- FY2020RestatedAnnual report
「Business conditions remained uncertain, with concerns over the impact of destabilising factors in the global economy, including prolonged US-China trade tensions and the UK's withdrawal from the EU.」
In addition to prolonged US-China trade tensions, the UK's withdrawal from the EU is identified as a destabilising factor in the global economy, and the outlook continues to be viewed as uncertain. - FY2020-Q2RestatedAnnual report
「Japan's economy during the six-month period ended the second quarter of the current consolidated fiscal year remained on a moderate recovery trend, supported by resilient personal consumption and capital investment, but the outlook remained uncertain amid concerns about the impact of prolonged US-China trade tensions and a slowdown in overseas economies.」
The prolonged US-China trade tensions and the slowdown in overseas economies continue to be identified as concerns in the economic environment, creating uncertainty about the outlook. - FY2020-Q1First statedAnnual report
「Japan's economy during the three-month period ended the first quarter of the current consolidated fiscal year remained on a moderate recovery trend, supported by improvements in corporate earnings and employment conditions, but the outlook remained uncertain amid concerns about the impact of prolonged US-China trade tensions and a slowdown in overseas economies.」
The company has for the first time explicitly identified the impact of prolonged US-China trade tensions and a slowdown in overseas economies as factors contributing to uncertainty in the economic environment.