Uncertainty over the outlook due to escalating U.S.-China trade tensions
First written in FY2019-Q2. 4 of 8 entries say "Reframed", first in FY2019-Q3. Latest entry: FY2026.
Gun Ei Chemical Industry moved to the "Worse" side of this theme in 2020.
1 other company's latest entry also says "Reframed".
- FY2026ReframedAnnual report
「During the fiscal year, the global economy remained uncertain, with risks of recession resulting from factors including continued inflation, in addition to U.S. trade policy, and geopolitical risks, including conditions in the Middle East.」
The previous description centered on U.S.-China trade friction has been replaced with a classification of factors contributing to uncertainty over the outlook that includes U.S. trade policy, recession risk and geopolitical risks related to the situation in the Middle East. - FY2026-H1ReframedAnnual report
「During the interim consolidated accounting period from 1 April 2025 to 30 September 2025, the global economy remained uncertain, with risks of recession resulting from factors including continued inflation, in addition to U.S. trade policy, and geopolitical risks.」
The previous description centered on U.S.-China trade friction has been replaced with a description including U.S. trade policy, the risk of an economic recession due to rising prices, and geopolitical risk. - FY2020-Q3ReframedAnnual report
「During the cumulative third quarter of the fiscal year, the Japanese economy remained on a moderate recovery track due to improvements in employment and income conditions, but the outlook remained uncertain because of overseas economic developments, including prolonged U.S.-China trade friction and Brexit, as well as the effects of successive natural disasters in Japan.」
The description has been expanded to include the issue of the United Kingdom's withdrawal from the EU and domestic natural disasters, while continuing to cite the prolonged U.S.-China trade friction as a factor contributing to uncertainty over the outlook. - FY2020-Q2RestatedAnnual report
「Meanwhile, the outlook remains uncertain due to factors including prolonged U.S.-China trade friction, concerns over a slowdown in the Chinese economy and the effects of an increase in the consumption tax rate.」
The prolonged U.S.-China trade friction continues to be cited as a factor contributing to uncertainty over the outlook for overseas economies. - FY2020-Q1RestatedAnnual report
「Meanwhile, the outlook for overseas economies remains uncertain, including the prolongation of U.S.-China trade friction and concerns over a slowdown in the Chinese economy.」
U.S.-China trade friction continues to be cited as a factor contributing to uncertainty over the outlook for overseas economies. - FY2019RestatedAnnual report
「Meanwhile, the outlook for overseas economies remains uncertain, including concerns over a slowdown in the Chinese economy resulting from the effects of U.S.-China trade friction.」
U.S.-China trade friction and uncertainty in overseas economies continue to be cited as factors contributing to uncertainty over the outlook. - FY2019-Q3ReframedAnnual report
「Meanwhile, the outlook remains uncertain due to the impact of uncertainty in overseas economies, including U.S.-China trade friction.」
The description of factors contributing to uncertainty over the outlook has changed from the escalation of U.S.-China trade friction to the impact of uncertainty in overseas economies, including U.S.-China trade friction. - FY2019-Q2First statedAnnual report
「Meanwhile, the outlook remains uncertain due to the impact of natural disasters such as torrential rain and earthquakes, as well as escalating U.S.-China trade friction.」
The company newly identifies escalating U.S.-China trade friction, along with natural disasters, as a factor contributing to uncertainty over the outlook.