Economic uncertainty stemming from concerns over a slowdown in the Chinese economy and a consumption tax increase
First written in FY2019. 3 of 7 entries say "Worsened", first in FY2020-Q1. Latest entry: FY2024-Q1.
Sun A.Kaken moved to the "Worse" side of this theme in 2023, 3 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 10 of 14 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2024-Q1WorsenedAnnual report
「Sluggish sales volumes of televisions, computers, smartphones and other products, caused by the slowdown in the Chinese economy, higher interest rates in Europe and the United States, and other factors, have depressed demand across the display market. As a result, orders for optical surface protection film for these applications declined substantially, and revenue from other adhesive-coated products fell.」
The slowdown in the Chinese economy materialized in sluggish terminal sales volumes and a sharp decline in orders for optical surface-protection film, making the previously anticipated economic slowdown a concrete factor in business performance. - FY2021-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, the global economy was recovering from the sharp deterioration caused by the worldwide COVID-19 pandemic, but economic activity remained sluggish as the increase in new infections continued unabated.」
With regard to economic uncertainty, including concerns about a slowdown in the Chinese economy, the company reaffirmed that although the global economy was showing signs of recovery, weak conditions continued. - FY2020WorsenedAnnual report
「In the global economy during the consolidated fiscal year under review, the economy, which had been on a gradual recovery trend through the previous fiscal year, moved into a period of stagnation as the US-China trade friction became prolonged. However, the novel coronavirus disease that emerged in Wuhan, Hubei Province, China, at the end of last year spread worldwide, and by the fiscal year-end economic activity had stalled not only in Asian countries but also in the United States, Europe and countries around the world.」
In addition to concerns about a slowdown in the Chinese economy, the global spread of novel coronavirus disease actually caused economic activity to stagnate, intensifying economic uncertainty. - FY2020-Q3RestatedAnnual report
「Meanwhile, in Japan, corporate capital investment was relatively solid, but the economy remained flat as exports stagnated amid a slowdown in overseas economies and personal consumption fell following the consumption tax increase.」
Economic uncertainty has persisted due to the slowdown in overseas economies, including China, and the decline in personal consumption following the consumption tax increase. - FY2020-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, the economic outlook remained uncertain due to the effects of US-China trade friction and the slowdown in the Chinese economy, among other factors.」
The slowdown in the Chinese economy, which had been a concern since the previous period, has continued and, together with the impact of US-China trade friction, has been reaffirmed as a source of uncertainty for the economy. - FY2020-Q1WorsenedAnnual report
「During the first quarter of the current consolidated cumulative period, the US economy remained resilient, but the global economic outlook continued to be uncertain as US-China trade friction intensified and the Chinese economy slowed.」
The slowdown in the Chinese economy that was a concern in the previous period is described as part of the actual economic environment, and economic uncertainty continues. - FY2019First statedAnnual report
「Japan's economy is expected to face both positive factors related to the Tokyo Olympic and Paralympic Games to be held next year and negative factors, including concerns over a slowdown in the Chinese economy and an increase in the consumption tax, leaving the outlook for economic conditions uncertain.」
The company listed concerns over a slowdown in the Chinese economy and the consumption tax increase alongside the positive factors related to the Tokyo Olympic and Paralympic Games, identifying them for the first time as factors making the future economic outlook uncertain.