Risk of a global economic slowdown amid worldwide monetary tightening
First written in FY2023-Q2. 4 of 11 entries say "Restated". Latest entry: FY2026.
Sanwayuka Industry moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 51 of 74 companies on the "Worse" side.
13 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Although a gradual recovery in China is expected as policies to address the property downturn are strengthened, uncertainty persists owing to elevated energy prices, disruption to corporate activity caused by US and European tariffs on China, unstable foreign-exchange markets, the Iran issue and other factors.」
The explanation has shifted from the previous concern about an economic recession driven mainly by worldwide monetary tightening to a focus on factors contributing to uncertainty, including energy prices, tariffs on imports from China, foreign-exchange rates and the situation in Iran. - 2026-05-15WorsenedEarnings presentation
「事態が長期化するとなれば、景気の冷込みから製造業全体の稼働が落込み、当社業績に与える影響はマイナス要因が大きいと予想しております。」
中東情勢の長期化について、製造業全体の稼働低下を通じた業績へのマイナス影響を具体的に示している。 - FY2026-H1Impact of U.S. trade policy addedAnnual report
「The outlook remained uncertain, amid concerns about persistently high raw-material prices and the impact of U.S. trade policy.」
In addition to the previous description of economic recession, monetary tightening and other factors, the company identifies the impact of U.S. trade policy as a factor contributing to uncertainty about the outlook. - FY2025ReframedAnnual report
「During the consolidated fiscal year, the global economy remained uncertain because of persistently high energy prices, disruption to corporate activity caused by stronger import tariffs in various countries and volatile foreign exchange markets, although the deterioration in China's economy had begun to abate.」
The explanation has shifted from the previous focus on concerns about an economic slowdown driven mainly by monetary tightening to citing persistently high energy prices, stronger import tariffs and foreign-exchange fluctuations as factors contributing to uncertainty. - FY2025-H1Additional factors contributing to an economic slowdownAnnual report
「Although the US economy remained firm during the interim consolidated accounting period, uncertainty about the outlook continued amid the slowdown in the Chinese economy, stagnation in the euro area economy, the prolonged situation in Ukraine and concerns about the impact on energy prices from escalating tensions in the Middle East.」
In addition to the previous concern about an economic recession amid monetary tightening, the company cites China's economic slowdown, stagnation in the eurozone economy and concerns about the impact of the situation in the Middle East on energy prices as factors contributing to uncertainty. - FY2024-Q3RestatedAnnual report
「Uncertainty about the outlook continues, amid concerns about an economic recession resulting from factors including worldwide monetary tightening.」
The company continues to indicate concerns about an economic recession amid worldwide monetary tightening. - FY2024-Q2RestatedAnnual report
「Uncertainty about the outlook continues, amid concerns about an economic recession resulting from factors including weakness in China's property market and worldwide monetary tightening.」
The company continues to indicate concerns about an economic recession amid worldwide monetary tightening and newly cites weakness in China's property market as a contributing factor. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, the global economy remained uncertain. While the impact of COVID-19 diminished, concerns persisted over a recession driven by geopolitical risks associated with persistently tense US-China relations and the prolonged situation in Ukraine and Russia, as well as global monetary tightening.」
The company continues to identify concerns about an economic recession amid worldwide monetary tightening, together with geopolitical risks, as factors contributing to uncertainty about the outlook. - FY2023RestatedAnnual report
「Although the global economy during the fiscal year shifted from responding to the COVID-19 pandemic toward a greater focus on economic activity, concerns remain about a possible recessionary phase against the backdrop of the prolonged situation in Ukraine and Russia, advancing inflation in resources and energy and other areas, global monetary tightening and other factors.」
The company continues to disclose concerns about an economic recession, framed as concerns about an economic slowdown amid worldwide monetary tightening. - FY2023-Q3WorsenedAnnual report
「Although the global economy during the nine-month period ended September 30 was moving from responses to the COVID-19 pandemic toward a greater focus on economic activity, concerns remain about a possible recessionary phase against the backdrop of the prolonged situation in Ukraine and Russia, surging resource prices, global monetary tightening and other factors.」
The description has developed from the previous concern about an economic slowdown amid worldwide monetary tightening to an explicit concern about an economic recession. - FY2023-Q2First statedAnnual report
「In addition to surging resource prices, the prolonged situation in Ukraine and Russia and concerns about a slowdown in the global economy against the backdrop of global monetary tightening and other factors have further increased uncertainty about the outlook.」
The company explicitly identifies concerns about a global economic slowdown amid worldwide monetary tightening as a new external-environment risk.