Uncertainty over the outlook stemming from the slowdown in China's and emerging Asian economies, among other factors
First written in FY2017-Q3. 14 of 28 entries say "Worsened", first in FY2019-Q1. Latest entry: 2026-11-13.
Titan Kogyo moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2020: 140 of 176 companies on the "Worse" side.
55 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Although Japan's economy continued to recover moderately during the consolidated fiscal year, against a backdrop of improvements in employment and income conditions and the effects of various government policies, it remained in an uncertain environment due to the impact of US trade policy and the impact of continued inflation on personal consumption, among other factors.」
In place of the previously cited depreciation of the yen and persistently high raw material and fuel prices, the impact of US trade policy and inflation on personal consumption was explicitly identified as a new factor contributing to uncertainty. - FY2026-H1WorsenedAnnual report
「Although Japan's economy continued to recover moderately during the interim consolidated accounting period, against a backdrop of improvements in employment and income conditions and the effects of various government policies, it remained in an uncertain environment due to the impact of US trade policy and the impact of continued inflation on personal consumption, among other factors.」
In place of the previously cited depreciation of the yen and persistently high raw material and fuel prices, the impact on personal consumption of US trade policy and continued inflation was explicitly identified as a factor contributing to uncertainty over the outlook. - FY2025-H1WorsenedAnnual report
「Although Japan's economy continued to recover moderately during the interim consolidated accounting period, against a backdrop of improvements in employment and income conditions and the effects of various government policies, it remained in an uncertain environment due to persistently high raw material and fuel prices resulting from the depreciation of the yen and downside risks to overseas economies arising from the continued high interest rate levels in Europe and the United States, among other factors.」
While a moderate recovery continued, downside risks to overseas economies resulting from persistently high interest rates in Europe and the United States were explicitly identified in addition to the previously cited depreciation of the yen and persistently high raw material and fuel prices. - FY2024-Q3RestatedAnnual report
「During the nine months ended in the third quarter, Japan’s economy was on a gradual recovery path as economic activity normalized following the lifting of restrictions related to COVID-19. However, the outlook remained uncertain owing to persistently high raw material and fuel prices resulting from the prolonged situation in Ukraine, the yen’s depreciation, and other factors.」
While the lifting of activity restrictions related to the pandemic and the normalization of economic activity were indicated, uncertainty over the outlook due to the prolonged situation in Ukraine, the depreciation of the yen and persistently high raw material and fuel prices continues. - FY2024-Q2RestatedAnnual report
「During the six months ended in the second quarter, Japan’s economy was on a gradual recovery path as economic activity normalized following the lifting of restrictions related to COVID-19. However, the outlook remained uncertain owing to persistently high raw material and fuel prices resulting from the prolonged situation in Ukraine, the yen’s depreciation, and other factors.」
While the normalization of economic activity and a moderate recovery trend were indicated, uncertainty over the outlook due to the prolonged situation in Ukraine, the depreciation of the yen and persistently high raw material and fuel prices continues. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy entered a moderate recovery trend as the lifting of activity restrictions related to the COVID-19 pandemic advanced the normalization of economic activity, but remained in an uncertain environment due to persistently high raw material and fuel prices resulting from the prolonged situation in Ukraine and the depreciation of the yen, among other factors.」
While the lifting of activity restrictions related to the pandemic and the normalization of economic activity were indicated, uncertainty over the outlook due to the prolonged situation in Ukraine, the depreciation of the yen and persistently high raw material and fuel prices continues to be cited. - FY2023-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy showed signs of recovery as activity restrictions related to the COVID-19 pandemic were eased, but remained in a difficult situation due to soaring raw material and fuel prices resulting from the prolonged situation in Ukraine and the sharp depreciation of the yen.」
While activity restrictions related to the pandemic were eased and signs of an economic recovery emerged, the prolonged situation in Ukraine and soaring raw material and fuel prices resulting from the sharp depreciation of the yen continued to contribute to difficult conditions. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy showed signs of recovery as activity restrictions related to the COVID-19 pandemic were eased, but remained in a difficult situation due to soaring raw material and fuel prices resulting from the prolonged situation in Ukraine and the sharp depreciation of the yen.」
While the easing of activity restrictions related to the pandemic and an economic recovery were indicated, the prolonged situation in Ukraine and soaring raw material and fuel prices resulting from the sharp depreciation of the yen were explicitly identified, in addition to the previously cited impact of the pandemic, as new factors contributing to uncertainty and difficult conditions. - FY2022-Q3WorsenedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy showed signs of recovery in response to the effects of various government measures and improvements in overseas economies, but remained in a difficult situation due to the impact of the COVID-19 pandemic and soaring raw material and fuel prices.」
While signs of an economic recovery were evident, soaring raw material and fuel prices were explicitly cited in addition to the previously cited impact of the pandemic, and difficult economic conditions continued. - FY2022-Q1Economic recovery alongside continued difficult conditionsAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy showed signs of recovery in response to the effects of various government measures and improvements in overseas economies, but remained in a difficult situation due to the impact of the COVID-19 pandemic.」
While improvements in overseas economies and signs of an economic recovery were indicated, difficult conditions continued due to the impact of the COVID-19 pandemic. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy deteriorated rapidly due to the impact of the global COVID-19 pandemic and remained in an extremely severe situation.」
The rapid deterioration in the economy due to the COVID-19 pandemic and the "extremely severe situation" continue to be described following the cumulative second quarter. - FY2021-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy deteriorated rapidly due to the impact of the global COVID-19 pandemic and remained in an extremely severe situation.」
In addition to the previously cited uncertainty over the outlook, the rapid deterioration in the economy due to the COVID-19 pandemic and the "extremely severe situation" are described. - FY2020WorsenedAnnual report
「Although Japan's economy continued on a moderate recovery trend against the backdrop of the government's economic policies, the Bank of Japan's monetary easing measures and the robust US economy, it remained in an uncertain environment due to the worsening of US-China trade friction and the impact of the COVID-19 pandemic, among other factors.」
In addition to the previously cited uncertainty due to US-China trade friction and other factors, the impact of the COVID-19 pandemic was explicitly identified as a factor contributing to uncertainty over the outlook. - FY2020-Q3RestatedAnnual report
「Although a moderate recovery trend continued against the backdrop of the government's economic policies, the Bank of Japan's monetary easing measures and the robust US economy, the economy remained in an uncertain environment due to the worsening of US-China trade friction, among other factors.」
The recovery trend underpinned by the robust US economy and uncertainty over the outlook, including the worsening of US-China trade friction, continue to be cited. - FY2020-Q2RestatedAnnual report
「Although a moderate recovery trend continued against the backdrop of the government's economic policies, the Bank of Japan's monetary easing measures and the robust US economy, the economy remained in an uncertain environment due to the worsening of US-China trade friction, among other factors.」
The moderate recovery trend underpinned by the robust US economy and uncertainty over the outlook, including the worsening of US-China trade friction, continue to be cited. - FY2019RestatedAnnual report
「Although the economy faced uncertainty over the outlook, including the worsening of US-China trade friction, a moderate recovery continued against the backdrop of the government's economic policies, the Bank of Japan's monetary easing measures and the robust US economy.」
Uncertainty over the outlook, including the worsening of US-China trade friction, continues to be cited. - FY2019-Q3RestatedAnnual report
「Although the economy faced uncertainty over the outlook, including the worsening of US-China trade friction, a moderate recovery continued against the backdrop of the government's economic policies, the Bank of Japan's monetary easing measures and steady growth in overseas economies.」
Uncertainty over the outlook, including the worsening of US-China trade friction, continues to be cited. No significant changes to business and other risks are stated. - FY2019-Q1WorsenedAnnual report
「Although the economy faced uncertainty over the outlook, including the worsening of US-China trade friction, a moderate recovery continued against the backdrop of the government's economic policies, the Bank of Japan's monetary easing measures and steady growth in overseas economies.」
In addition to the previously cited uncertainty over policy and economic developments in the United States and China, the worsening of US-China trade friction was explicitly identified as a factor contributing to uncertainty over the outlook. - FY2018RestatedAnnual report
「The economy remained in an uncertain environment due to policy developments in the United States and economic trends in China, among other factors.」
Uncertainty over the outlook due to policy and economic developments in the United States and China continues to be cited. - FY2018-Q3RestatedAnnual report
「Although the economy continued on a moderate recovery trend in response to the government's economic policies and the Bank of Japan's monetary easing measures, it remained in an uncertain environment due to policy developments in the United States and economic trends in China, among other factors.」
Uncertainty over the outlook due to policy and economic developments in the United States and China continues to be cited. - FY2018-Q2RestatedAnnual report
「Although the economy continued on a moderate recovery trend in response to the government's economic policies and the Bank of Japan's monetary easing measures, it remained in an uncertain environment due to policy developments in the United States and economic trends in China, among other factors.」
Uncertainty over the outlook due to policy developments in the United States and economic trends in China continues to be cited. - FY2018-Q1RestatedAnnual report
「Although Japan's economy continued on a moderate recovery trend in response to the government's economic policies and the Bank of Japan's monetary easing measures, it remained in an uncertain environment due to policy developments under the new US administration and economic trends in China and other Asian emerging markets.」
Uncertainty over the outlook due to policy developments under the new US administration and economic trends in China and other Asian emerging markets continues to be cited. - FY2017RestatedAnnual report
「Although the economy continued to recover moderately, it remained in an uncertain environment due to the slowdown in the economies of Asian emerging markets, including China, and the UK's withdrawal from the EU, among other factors.」
Uncertainty over the outlook due to the slowdown in the Chinese and Asian emerging-market economies and the UK's withdrawal from the EU continues to be cited. - FY2017-Q3First statedAnnual report
「Although the economy continued to recover moderately, it remained in an uncertain environment due to the slowdown in the economies of Asian emerging markets, including China, and the UK's withdrawal from the EU, among other factors.」
The slowdown in the economies of Asian emerging markets, including China, and the UK's withdrawal from the EU are cited as factors contributing to uncertainty in the business environment. However, no specific damage to the company resulting from these factors is described.