Uncertainty surrounding the global economy and chemical industry
First written in FY2018. 14 of 26 entries say "Worsened", first in FY2019-Q1. Latest entry: 2026-11-13.
Osaka Yuka Industry 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: 158 of 185 companies on the "Worse" side.
4 other companies' latest entry also says "Materialised".
- FY2024-Q2RestatedAnnual report
「However, the international situation has become increasingly unstable, and the outlook remains uncertain due to inflation resulting from persistently high raw-material and energy costs, expanding geopolitical risks, and other factors.」
Continued uncertainty surrounding the outlook due to increasing instability in the international situation, persistently high raw-material and energy costs, inflation, expanding geopolitical risks, and other factors. - FY2024-Q1WorsenedAnnual report
「However, the international situation has become increasingly unstable, and the outlook remains uncertain due to the possibility of an economic downturn overseas, particularly in China, Europe and the United States, inflation resulting from persistently high raw-material and energy costs, expanding geopolitical risks, and other factors.」
While describing economic recovery resulting from the normalization of economic activity, the report identifies the possibility of an overseas economic downturn, persistently high raw-material and energy costs, inflation, and expanding geopolitical risks as new sources of instability. - FY2023Economic recovery alongside cost concernsAnnual report
「During the fiscal year, Japan's economy continued to recover moderately. As COVID-19 was reclassified as a Category 5 disease, personal consumption and capital investment showed signs of recovery as economic activity normalized. However, the outlook remains uncertain due to the possibility of an economic downturn overseas and persistently high raw-material and energy costs.」
While describing recovery resulting from the easing of restrictions related to infectious diseases and the normalization of economic activity, the report also cites the possibility of an overseas economic downturn and persistently high raw-material and energy costs as sources of uncertainty. - FY2023-Q3Regulatory easing alongside cost concernsAnnual report
「During the 3rd quarter cumulative period (1 October 2022 to 30 June 2023), Japan's economy improved as various restrictions were eased following the decision to reclassify COVID-19 as a Category 5 disease. However, concerns affecting corporate earnings due to surging resource and energy prices have not been resolved, and the outlook remains difficult to foresee.」
While describing improved economic activity following the decision to reclassify COVID-19 as a Category 5 disease and the easing of restrictions, the report explains that concerns over corporate earnings due to surging resource and energy prices remain unresolved, leaving the outlook uncertain. - FY2023-Q2WorsenedAnnual report
「Although economic conditions remained on a moderate recovery track as efforts to contain COVID-19 progressed alongside the resumption of economic activity, the pace of the economic recovery recently slowed due to supply-side constraints caused by shortages of components, rising resource and raw-material prices, growing global financial uncertainty, and other factors.」
While indicating a recovery trend resulting from the containment of infectious diseases, the report states that the economic recovery has slowed due to component shortages, rising resource and raw-material prices, and growing global financial uncertainty. - FY2023-Q1WorsenedAnnual report
「However, downside risks to Japan's economy have emerged from a downturn in overseas economies caused by surging resource and raw-material prices resulting from the prolonged Russian invasion of Ukraine, global monetary tightening, and other factors.」
In addition to the previously identified situation in Ukraine and surging resource prices, a downturn in overseas economies caused by global monetary tightening has been identified as a new downside risk. - FY2022WorsenedAnnual report
「In addition, inflation accelerated as the prolonged Russian invasion of Ukraine and the yen's rapid depreciation drove up resource and energy prices, increasing uncertainty surrounding the outlook for the global economy.」
In addition to the previously identified infectious diseases, semiconductor shortages, supply-chain disruptions, and surging raw-material prices, the prolonged invasion of Ukraine and the rapid depreciation of the yen, which have driven up resource and energy prices, have been identified as new sources of instability. - FY2022-Q3WorsenedAnnual report
「During the 3rd quarter cumulative period (1 October 2021 to 30 June 2022), Japan's economy showed signs of moving toward the normalization of economic activity as COVID-19 vaccinations progressed, while supply-chain disruptions caused by the global semiconductor shortage and surging raw-material prices persisted. In addition, inflation accelerated as Russia's invasion of Ukraine drove up resource and energy prices, making the outlook for the global economy difficult to foresee.」
Regarding the previously identified external-environment risks related to infectious diseases, crude oil prices, and supply chains, the report notes the prolonged semiconductor shortage and high raw-material prices, as well as surging resource and energy prices and accelerating inflation resulting from the situation in Ukraine, providing greater specificity regarding the sources of instability. - FY2022-Q2WorsenedAnnual report
「During the 2nd quarter cumulative period, Japan's economy remained in a difficult situation. Although signs of a temporary recovery emerged due to various policies addressing COVID-19 and the spread of vaccinations, economic activity was again constrained as infections caused by virus variants resurged. In addition, the outlook remained uncertain due to surging material and crude oil prices, supply-chain disruptions, and other factors. In the global economy, instability in the outlook continued due to the renewed spread of virus variants, surging global material and crude oil prices resulting from the situation in Ukraine, supply-chain disruptions, and other factors.」
In addition to the renewed spread of virus variants, surging material and crude oil prices, and supply-chain disruptions, the impact of the situation in Ukraine has been identified as a new source of instability in the external environment. Increased manufacturing costs due to surging crude oil prices and other factors have also been cited as an earnings factor. - FY2022-Q1WorsenedAnnual report
「In the global economy, instability in the outlook continues due to the renewed spread of virus variants, the worldwide surge in crude oil prices, supply-chain disruptions, and other factors.」
In addition to COVID-19 variants, surging crude oil prices and supply-chain disruptions have been identified as new sources of instability in the external environment. - FY2021RestatedAnnual report
「In the global economy, although economic measures and the spread of vaccinations have been effective in some countries, including the United States, and economic conditions are recovering, the outlook remains uncertain due to the spread of highly transmissible virus variants and other factors.」
While acknowledging economic recovery in some regions, the report continues to describe uncertainty in the global economy due to the spread of virus variants and other factors. - FY2021-Q3RestatedAnnual report
「During the 3rd quarter cumulative period, Japan's economy was moving toward the end of the COVID-19 pandemic as measures to prevent the spread of infection were strengthened and vaccinations became more widespread. However, a state of emergency was declared in some prefectures in April, following January, and restrictions on economic activity continued, leaving the outlook uncertain. In the global economy, although economic measures and the spread of vaccinations have been effective in some countries, including the United States, and economic conditions are recovering, the outlook remains uncertain due to the spread of highly transmissible virus variants and other factors.」
While citing vaccinations and economic recovery in some regions, the report continues to describe an uncertain outlook due to states of emergency, restrictions on economic activity, and the spread of virus variants. - FY2021-Q2RestatedAnnual report
「The global economy also remains in an extremely difficult situation, as the end of the COVID-19 pandemic is still not in sight and restrictions on economic activity continue.」
It is noted that the timing of the end of the COVID-19 pandemic cannot be foreseen, and that restrictions on economic activity and the extremely difficult situation facing the global economy continue. No new phase of deterioration in the severity of the external environment risks is indicated. - FY2021-Q1RestatedAnnual report
「During the 1st quarter cumulative period, some corporate earnings showed signs of recovery in Japan, but economic conditions have stagnated recently due to the impact of COVID-19, and concerns have re-emerged about a deterioration in the outlook. The global economy also remains in an extremely difficult situation, with the spread of COVID-19 continuing and economic activity constrained.」
The stagnation of domestic economic conditions and concerns over renewed deterioration due to COVID-19, as well as the extremely difficult situation facing the global economy, continue to be noted. - FY2020-Q3WorsenedAnnual report
「During the 3rd quarter cumulative period, Japan's economy initially showed improvement in employment conditions and corporate earnings due to government economic measures and monetary easing by the Bank of Japan, among other factors. However, consumer sentiment deteriorated following the consumption tax rate increase, and the economy deteriorated sharply due to the impact of COVID-19. The global economy has also entered an extremely difficult situation as economic activity has been constrained by the worldwide spread of COVID-19.」
The sharp deterioration in domestic economic conditions and the extremely difficult situation facing the global economy due to the worldwide spread of COVID-19 have been noted, providing greater specificity regarding factors worsening the external environment. - FY2020-Q2WorsenedAnnual report
「The global economy has also begun to feel adverse effects from the worldwide spread of COVID-19. In the chemical industry, although corporate earnings remain high, signs of sluggish demand have emerged due to heightened geopolitical risks in oil-producing countries and the deteriorating outlook for the global economy.」
In addition to the uncertainty caused by the previous U.S.-China trade friction and other factors, the adverse effects on the economy from the worldwide spread of COVID-19 and sluggish demand in the chemical industry have been noted, providing greater specificity regarding factors worsening the external environment. - FY2020-Q1WorsenedAnnual report
「Meanwhile, in the global economy, signs of weakness have emerged in some companies' earnings due to concerns over the prolonged U.S.-China trade friction and a slowdown in the Chinese economy, leaving the outlook uncertain. In the chemical industry, although corporate earnings remain high, signs of sluggish demand have emerged due to heightened geopolitical risks in oil-producing countries and the slow recovery of overseas economies.」
In addition to the previous concerns over U.S.-China trade friction, the prolonged friction, concerns over a slowdown in the Chinese economy, geopolitical risks in oil-producing countries, and sluggish demand in the chemical industry have been noted, providing greater specificity regarding uncertainty and instability in the external environment. - FY2019RestatedAnnual report
「In the global economy, signs of weakness have emerged in some companies' earnings against the backdrop of trade friction between the United States and China, leaving the outlook uncertain.」
Uncertainty related to U.S.-China trade friction, concerns over a slowdown in resource-rich and emerging-market economies, U.S. foreign policy, and changes in the foreign exchange and stock markets continues to be noted. - FY2019-Q3WorsenedAnnual report
「Meanwhile, in the global economy, signs of weakness have emerged in some companies' earnings against the backdrop of trade friction between the United States and China, leaving the outlook uncertain. In the chemical industry, some raw-material prices have begun to rise, while concerns over an economic slowdown in resource-rich and emerging economies, changes in the foreign exchange and stock markets resulting from the impact of U.S. foreign policy, and other factors have left the outlook unstable.」
It is noted that, in addition to U.S.-China trade friction, some raw-material prices have shifted from their previous decline to an upward trend, heightening instability in the chemical industry. - FY2019-Q2RestatedAnnual report
「Meanwhile, in the global economy, signs of weakness have emerged in some companies' earnings against the backdrop of trade friction between countries, leaving the outlook uncertain. In the chemical industry, although some raw-material prices declined, concerns over an economic slowdown in resource-rich and emerging economies, changes in the foreign exchange and stock markets resulting from the impact of U.S. foreign policy, and other factors have left the outlook unstable.」
Uncertainty related to trade friction, resource-rich and emerging-market economies, U.S. foreign policy, and changes in the foreign exchange and stock markets continues to be noted. - FY2019-Q1WorsenedAnnual report
「Meanwhile, in the global economy, signs of weakness have emerged in some companies' earnings against the backdrop of trade friction between countries, leaving the outlook uncertain. In the chemical industry, although some raw-material prices declined, concerns over an economic slowdown in resource-rich and emerging economies, changes in the foreign exchange and stock markets resulting from the impact of U.S. foreign policy, and other factors have left the outlook unstable.」
In addition to the previous uncertainty surrounding the global economy and chemical industry, signs of weakness in corporate earnings against the backdrop of trade friction have been noted, providing greater specificity regarding the factors making the outlook unstable. - FY2018First statedAnnual report
「Although the global economy is gradually recovering, uncertainty remains regarding U.S. economic and monetary policy and economic trends in emerging markets, leaving the outlook uncertain. In the chemical industry, demand for chemicals increased as the global economy remained firm, but concerns over an economic slowdown in resource-rich and emerging economies, changes in the foreign exchange and stock markets resulting from the impact of U.S. foreign policy, and other factors have left the outlook unstable.」
Uncertainty surrounding the global economy, U.S. economic and monetary policy, emerging-market economies, and the foreign exchange and stock markets was identified for the first time as a standalone business-environment concern.