Slowdown and Weakness in the Chinese and Asian Economies
First written in FY2016-Q2. 13 of 36 entries say "Worsened", first in FY2017-Q3. Latest entry: FY2026-H1.
Kawaguchi Chemical 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: 125 of 168 companies on the "Worse" side.
14 other companies' latest entry also says "Other".
- FY2026-H1China's exports remain firm while domestic demand remains weakAnnual report
「In China, additional U.S. tariffs were reduced, putting a halt to the deterioration in exports to the United States, while exports to regions outside the United States, particularly electric vehicles, remained firm. Government-led economic measures also expanded investment, particularly in high-tech industries, supporting the economy amid the prolonged property downturn and continued weakness in domestic demand, centered on personal consumption.」
In China, reductions in additional tariffs helped halt the deterioration in exports to the United States, and exports, particularly EVs, and high-tech investment supported the economy, while the property downturn and weak domestic demand continued. - FY2025WorsenedAnnual report
「In China, consumption continued to slow as the prolonged property downturn was compounded by the fading effects of government-led trade-in measures. Tariff reductions and regulatory extensions were agreed at the US-China summit, temporarily easing tensions, but issues such as rare-earth restrictions remained as potential sources of conflict.」
The filing states that China's property downturn and consumption slowdown continued, and that although US-China relations eased temporarily, uncertainty remained over issues such as rare-earth restrictions. - FY2025-H1WorsenedAnnual report
「However, uncertainty remained high, and relatively significant downside risks were a concern due to the prolonged property downturn in China, worsening geopolitical turmoil in Ukraine and the Middle East, and downward pressure on the economy from Trump tariffs.」
The prolonged property downturn in China, worsening geopolitical turmoil and downward pressure on the economy from Trump tariffs were identified as factors of concern. - FY2024WorsenedAnnual report
「In China, the economy remained sluggish due to the prolonged property downturn and slower personal consumption amid difficult employment conditions. With domestic demand weak relative to excess production capacity, China was forced to increase exports, raising concerns about downward pressure on the global economy if additional tariffs on China proposed by US President-elect Trump were implemented.」
Regarding China's economy, concerns were noted over downward pressure from excess production capacity and additional tariffs, in addition to the property downturn, employment conditions and weak personal consumption. quantified=false, materialized=true. - FY2024-Q2The sense of an economic slowdown eased, but stagnation continuedAnnual report
「In China, although the sense of an economic slowdown caused by deterioration in the property market eased, the economy remained sluggish due to a decline in personal consumption.」
While the sense of a slowdown caused by deterioration in China's property market eased, economic stagnation continued against the backdrop of declining personal consumption. - FY2024-Q1RestatedAnnual report
「In China, the economy remained sluggish due to weak personal consumption and deterioration in the property market.」
The filing states that China's economic stagnation continued against the backdrop of weak personal consumption and deterioration in the property market. - FY2023WorsenedAnnual report
「Meanwhile, China's economy slowed due to deterioration in the property market and weak demand.」
The filing notes that China's economy slowed due to deterioration in the property market and weak demand, with the previously observed slowdown and stagnation in the recovery continuing. - FY2023-Q3WorsenedAnnual report
「In China, the recovery slowed amid sluggish demand for durable consumer goods, including property, and prolonged instability in US-China relations, as uncertainty over the outlook increased.」
In China, demand for durable consumer goods such as property remained sluggish, while the economic recovery slowed against the backdrop of unstable US-China relations and uncertainty over the outlook. - FY2023-Q2MitigatedAnnual report
「In China, although exports and the property sector remained sluggish, a gradual recovery led by domestic demand, particularly personal consumption, was evident. However, the recovery in China and Southeast Asia lacked strength.」
The filing states that China showed a gradual recovery led by domestic demand, while the recovery in China and Southeast Asia lacked strength. - FY2023-Q1RestatedAnnual report
「In China, although the zero-COVID policy was eased, the economy continued to deteriorate without showing signs of stabilisation.」
The filing states that although China eased its zero-COVID policy, the economic deterioration continued. - FY2022WorsenedAnnual report
「In China, the economy slowed as the impact of zero-COVID measures intensified the decline in personal consumption and restrictions on production activity.」
Regarding China's economy, the decline in personal consumption and restrictions on production activity associated with zero-COVID measures intensified, and an economic slowdown was noted. - FY2022-Q3MitigatedAnnual report
「In China, many cities, including Shanghai, eased restrictions on activity, and factory operations resumed, bringing the economy out of its worst period.」
The situation improved from the slowdown in China's economic recovery caused by the Shanghai lockdown through the previous quarter, with the easing of restrictions on activity, the resumption of factory operations and the economy's emergence from its worst period. - FY2022-Q2WorsenedAnnual report
「In China, economic recovery continued, but the spread of the Omicron variant under the zero-COVID policy led to a prolonged lockdown in Shanghai, slowing the pace of recovery.」
While China's economic recovery continued, the pace of recovery slowed due to the zero-COVID policy, the spread of the Omicron variant and the prolonged lockdown in Shanghai. - FY2022-Q1RestatedAnnual report
「However, production restrictions resulting from environmental issues in China, as well as the global shortage of logistics workers and containers, affected production activity across industries.」
Production restrictions in China and the global shortage of logistics workers and containers continued to constrain production activity even as the economy recovered. - FY2021Economic recovery alongside production restrictions and logistics shortages in ChinaAnnual report
「A similarly gradual recovery continued in China. However, production restrictions resulting from environmental issues in China, as well as a global shortage of logistics workers and containers, affected production activity across industries.」
While a gradual recovery in China's economy was noted, production restrictions resulting from environmental issues in China and the global shortage of logistics workers and containers were identified as new constraints. - FY2021-Q3MitigatedAnnual report
「In China, the economy recovered steadily as both personal consumption and exports continued to expand. In the United States, the economy also remained on a recovery trend, supported by economic measures and the easing of restrictions on economic activity.」
China's economic recovery progressed steadily, while the United States also moved toward recovery against the backdrop of economic measures and regulatory easing. - FY2021-Q2MitigatedAnnual report
「The global economy, which had slowed due to the impact of COVID-19, moved toward recovery as economic activity continued to recover in China, which reopened its economy early, and the United States also progressed with reopening its economy following an accelerated pace of vaccinations and the effects of additional economic measures.」
The global economy moved toward recovery as China's economic recovery continued and the United States reopened its economy. - FY2021-Q1MitigatedAnnual report
「During the cumulative first quarter of the fiscal year, the global economy, which had slowed due to US-China trade friction and the impact of COVID-19, showed signs of a recovery in personal consumption and exports as a result of the effects of economic measures in various countries and the early recovery in demand in China. However, economic conditions remained challenging, partly because the number of COVID-19 cases remained high in Europe and the United States.」
While personal consumption and exports showed signs of recovery due to economic measures in various countries and the early recovery in demand in China, challenging conditions persisted as infections remained high in Europe and the United States. - FY2020-Q3MitigatedAnnual report
「During the cumulative third quarter of the fiscal year, the business environment surrounding our Group was significantly affected by restrictions on economic activity worldwide following the spread of the novel coronavirus in early 2020. Although signs of a partial recovery emerged in August, market conditions remained challenging.」
Although challenging market conditions caused by restrictions on economic activity worldwide continued, signs of a partial recovery were noted in August. - FY2020-Q2WorsenedAnnual report
「During the six months ended the second quarter of the current fiscal year, the business environment surrounding our Group became increasingly challenging because, in addition to the economic slowdown in East Asian countries, including China, the spread of COVID-19 restricted economic activity worldwide.」
In addition to the economic slowdown in East Asia, restrictions on economic activity worldwide due to the spread of infections further tightened market conditions. - FY2020-Q1WorsenedAnnual report
「During the first quarter of the current fiscal year, the business environment surrounding our Group became increasingly challenging due to the impact on economic activity of COVID-19 from the beginning of 2020, in addition to U.S.-China trade friction and an economic slowdown spreading across East Asian countries, including China.」
In addition to U.S.-China trade friction and the economic slowdown in East Asia, the impact of COVID-19 on economic activity made market conditions even more challenging. - FY2019WorsenedAnnual report
「Severe market conditions continued from the second half of the current consolidated fiscal year due to an economic slowdown spreading across East Asian countries, including China.」
Conditions deteriorated from the previous description centered on recovery in China and Southeast Asia to continued economic slowdown across East Asian countries and continued severe market conditions. - FY2019-Q3RestatedAnnual report
「During the nine months ended the third quarter of the current fiscal year, the business environment surrounding our Group remained uncertain overseas, as China's economy continued to slow moderately and developments in trade issues involving the EU, the United States and China affected the global economy.」
The disclosure continues to describe China's moderate economic slowdown and uncertainty in the global economy due to EU and U.S.-China trade issues. - FY2019-Q2RestatedAnnual report
「During the six months ended the second quarter of the current fiscal year, the business environment surrounding our Group remained uncertain overseas, as China's economy continued to slow and developments in trade issues involving the EU, the United States and China affected the global economy.」
The disclosure states that China's economy continued to slow and describes uncertainty over the impact of EU and U.S.-China trade issues on the global economy. - FY2019-Q1WorsenedAnnual report
「During the first quarter of the current fiscal year, the business environment surrounding our Group remained firm in the United States, while the European economy remained sluggish and the slowdown in emerging-market economies, including China, intensified.」
The description changed from one centered on recovery in China and Southeast Asia to one stating that the slowdown in emerging-market economies, including China, had intensified, while the sluggish European economy continued. - FY2018WorsenedAnnual report
「During the current consolidated fiscal year, the business environment surrounding our Group remained favorable in the United States, while China experienced a slight slowdown and Southeast Asia continued to recover gradually.」
The description changed from continued improvement in China and Southeast Asia through the previous period to a statement that China was experiencing a slight slowdown. Meanwhile, the recovery in Southeast Asia has continued. - FY2018-Q3RestatedAnnual report
「During the nine months ended the third quarter of the current fiscal year, the global economy recovered gradually as a steady recovery continued in the United States and economic conditions continued to improve in China and Southeast Asia.」
The global economy is described as recovering gradually as the recovery in the United States and the improvement in economic conditions in China and Southeast Asia continued. - FY2018-Q1MitigatedAnnual report
「During the first quarter of the current fiscal year, the global economy recovered gradually as the moderate recovery in the United States continued and economic conditions continued to improve in China and Southeast Asia.」
The global economy is described as recovering gradually as economic conditions continued to improve in China and Southeast Asia. - FY2017-Q3WorsenedAnnual report
「Regarding exports, signs of a slowdown in the recovery have emerged among customers in Southeast Asia,」
While the global economy is considered to be recovering gradually, a slowdown in the recovery among Southeast Asian customers has been newly reported. - FY2017-Q2RestatedAnnual report
「During the six months ended the second quarter of the current fiscal year, the global economy recovered gradually overall, despite delays in improvement in some areas, supported by the continued recovery in the United States and continued economic expansion in China.」
The global economy is described as recovering gradually due to the recovery in the United States and economic expansion in China, while delays in improvement remain in some areas. - FY2017-Q1MitigatedAnnual report
「During the first quarter of the current fiscal year, the global economy recovered moderately overall, despite weakness in some areas, supported by the continued recovery in the United States and continued expansion in China.」
In contrast to previous concerns centered on a slowdown in China and weakness in the Asian economy, the global economy is described as recovering moderately, including continued expansion in China. - FY2016MitigatedAnnual report
「Although weakness remained in the Asian economy, overseas economies recovered gradually, supported by signs of recovery in China and Southeast Asian countries.」
Although weakness remained in the Asian economy, overseas economies were described as recovering gradually against the backdrop of a recovery in China and Southeast Asia. - FY2016-Q3RestatedAnnual report
「Overseas, China's economy continued to slow gradually and weakness was evident in the Asian economy, but signs of a recovery in Southeast Asian countries are also emerging, and stable growth is expected.」
While pointing to a slowdown in China and weakness in the Asian economy, references to a recovery in Southeast Asia have also continued. - FY2016-Q2First statedAnnual report
「Overseas, China's economy continued to slow gradually and weakness was evident in the Asian economy, but signs of a recovery in Southeast Asian countries are also emerging, and stable growth is expected.」
While a slowdown and weakness in China and Asia are evident, a recovery trend has also been reported in Southeast Asia.