Economic Outlook Uncertainty Due to US-China Trade Issues and Geopolitical Risks
First written in FY2020-Q1. 6 of 23 entries say "Worsened", first in FY2020-Q3. Latest entry: 2026-08-25.
VALUENEX Japan moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 104 of 134 companies on the "Worse" side.
66 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, social activity showed signs of normalisation, including a recovery in domestic and inbound demand. However, the economic outlook remained difficult to predict due to international tensions, the ongoing depreciation of the yen and rising prices.」
While indicating the normalisation of social activity and a recovery in domestic and inbound demand, the Company continued to state that uncertainty over the outlook persisted due to international tensions, the ongoing depreciation of the yen and rising prices. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, social activity showed signs of normalisation, including a recovery in domestic and inbound demand. However, the economic outlook remained difficult to predict due to international tensions, the ongoing depreciation of the yen and rising prices.」
While indicating the normalisation of social activity and a recovery in domestic and inbound demand, the Company continued to state that uncertainty over the outlook persisted due to international tensions, the ongoing depreciation of the yen and rising prices. - FY2024-Q3RestatedAnnual report
「During the nine months ended the third quarter under review, social activity showed signs of normalisation, including a recovery in domestic and inbound demand. However, the economic outlook remained difficult to predict due to international tensions, the ongoing depreciation of the yen and rising prices.」
While indicating a recovery in domestic and inbound demand and the normalisation of social activity, the Company continued to cite international tensions, the ongoing depreciation of the yen and rising prices as sources of economic uncertainty. - FY2024-Q2Presented the normalisation of social activity alongside uncertainty from the weaker yen, rising prices and other factorsAnnual report
「During the six months ended the second quarter under review, social activity showed signs of normalisation, including a recovery in domestic and inbound demand. However, the economic outlook remained difficult to predict due to international tensions, the ongoing depreciation of the yen and rising prices.」
While indicating a recovery in domestic and inbound demand and the normalisation of social activity, the Company cited international tensions, the ongoing depreciation of the yen and rising prices as sources of economic uncertainty. - FY2023Presented recovery expectations from eased pandemic restrictions alongside risks from the weaker yen and higher pricesAnnual report
「During the consolidated fiscal year, social activity showed signs of normalisation as COVID-19 was reclassified as a Category V infectious disease and domestic and inbound demand recovered. However, the economic outlook remained difficult to predict due to international tensions, the ongoing depreciation of the yen and rising prices.」
The Company described COVID-19's reclassification as a Category V infectious disease and the normalisation of social activity, while identifying international tensions, the ongoing depreciation of the yen and rising prices as new sources of uncertainty. - FY2023-Q3RestatedAnnual report
「Japan's economy during the nine months ended the third quarter under review remained uncertain, although economic activity was gradually resuming as activity restrictions imposed to prevent the spread of COVID-19 were eased. Factors included fluctuations in foreign exchange rates and surging resource prices resulting from Russia's invasion of Ukraine.」
While indicating that economic activity had resumed as activity restrictions were eased, the Company cited fluctuations in foreign exchange rates and surging resource prices resulting from Russia's invasion of Ukraine as sources of uncertainty, and stated that uncertainty over the outlook continued. - FY2023-Q2Presented eased activity restrictions alongside sources of uncertaintyAnnual report
「Japan's economy during the six months ended the second quarter under review remained uncertain, although economic activity was gradually resuming as activity restrictions imposed to prevent the spread of COVID-19 were eased. Factors included fluctuations in foreign exchange rates and surging resource prices resulting from Russia's invasion of Ukraine.」
The Company stated that activity restrictions imposed as a COVID-19 countermeasure had been eased and economic activity was gradually resuming, while uncertainty over the outlook continued due to fluctuations in foreign exchange rates and surging resource prices resulting from Russia's invasion of Ukraine. - FY2023-Q1Presented recovery expectations from eased infection-control measures alongside the weaker yen and higher resource pricesAnnual report
「Japan's economy during the three months ended the first quarter under review remained uncertain, despite expectations of an economic recovery as activity restrictions imposed to prevent the spread of COVID-19 were eased. Factors included fluctuations in foreign exchange rates caused by the rapid depreciation of the yen and surging resource prices resulting from Russia's invasion of Ukraine.」
While indicating expectations of an economic recovery as activity restrictions were eased, the Company cited fluctuations in foreign exchange rates caused by the rapid depreciation of the yen and surging resource prices resulting from Russia's invasion of Ukraine as sources of uncertainty. - FY2022Presented economic recovery alongside additional risksAnnual report
「Japan's economy during the consolidated fiscal year showed signs of recovery domestically and overseas as the impact of COVID-19 gradually eased. However, the outlook remained uncertain due to the renewed spread of infections caused by variants, supply chain disruptions and surging crude oil prices resulting from the situation between Russia and Ukraine, as well as the ongoing depreciation of the yen.」
While indicating that the impact of the pandemic had eased and that the economy was showing signs of recovery, the Company also cited variants, the situation between Russia and Ukraine, supply chain disruptions, high crude oil prices and the ongoing depreciation of the yen as sources of uncertainty. - FY2022-Q3WorsenedAnnual report
「Japan's economy during the nine months ended the third quarter under review was expected to recover domestically and overseas through various policies, despite the continuing impact of COVID-19. However, the outlook remained uncertain due to the renewed spread of infections caused by variants, supply chain disruptions and surging crude oil prices resulting from the situation between Russia and Ukraine, among other factors.」
In addition to COVID-19, the Company specifically identified supply chain disruptions and surging crude oil prices resulting from the situation between Russia and Ukraine as new sources of uncertainty, indicating that external environmental risks had expanded. - FY2022-Q2WorsenedAnnual report
「Japan's economy during the six months ended the second quarter under review was expected to see social and economic activity recover both domestically and overseas through COVID-19 vaccinations and various economic measures, despite the impact of the pandemic. However, the renewed spread of infections due to variants meant that continued close attention was necessary regarding the risk of a global economic downturn resulting from changes in the spread of COVID-19, and the outlook remained uncertain.」
While indicating expectations for a recovery in social and economic activity, the Company newly specified the renewed spread of infections due to variants and the risk of a global economic downturn, and stated that uncertainty over the outlook would continue. - FY2022-Q1Presented recovery expectations alongside global uncertaintyAnnual report
「Japan's economy during the three months ended the first quarter under review was expected to recover as COVID-19 vaccinations progressed and the state of emergency was lifted. However, the pandemic had not yet ended worldwide, and economic uncertainty continued as a result.」
The Company stated that a recovery in the domestic economy was expected against the backdrop of progress in COVID-19 vaccinations and the lifting of the state of emergency, while the pandemic had not yet ended globally and uncertainty over the economic outlook continued. - FY2021-Q3Presented recovery expectations alongside downside risksAnnual report
「During the nine months ended the third quarter under review, economic activity stagnated in Japan and overseas due to the global spread of COVID-19. However, as countries implemented measures to prevent the spread of infection and various economic policies, signs of a recovery were anticipated. Nevertheless, continued close attention was necessary regarding the risk of a global economic downturn resulting from changes in the spread of COVID-19, and the outlook remained uncertain.」
While continuing to indicate stagnating economic activity and uncertainty over the outlook, the Company also presented expectations for a recovery based on measures taken by countries. Downside risks from COVID-19 remained. - FY2021-Q2WorsenedAnnual report
「During the six months ended the second quarter under review, economic activity stagnated worldwide and the economy deteriorated rapidly due to the impact of COVID-19. In addition, the reissuance of a state of emergency in January further heightened uncertainty over Japan's economic outlook.」
In addition to the global stagnation of economic activity caused by COVID-19, the reissuance of a state of emergency further heightened uncertainty over Japan's economic outlook. New project orders also remained sluggish. - FY2021-Q1MaterialisedAnnual report
「During the three months ended the first quarter under review, economic activity continued to stagnate due to the spread of COVID-19, and the outlook remained uncertain. Restrictions on sales activities since the second half of the previous fiscal year due to the spread of COVID-19 meant that new orders did not progress as expected, and revenue remained at approximately the level of the same quarter of the previous year.」
The stagnation of economic activity and uncertainty over the outlook continued due to the spread of COVID-19, and restrictions on sales activities continued to affect the current quarter by preventing new orders from progressing as expected. - FY2020MaterialisedAnnual report
「Since February, sales activities to win new projects have been restricted by the spread of COVID-19, and as a result the Company was unable to increase fourth-quarter revenue as it normally would.」
The Company reported the actual impact of the previously noted risks to the economic outlook: sales activities were restricted by COVID-19, and fourth-quarter revenue did not increase as it normally would. - FY2020-Q3WorsenedAnnual report
「Although Japan's economy was on a moderate recovery trend during the nine months ended the third quarter under review, it deteriorated rapidly due to the impact of the COVID-19 pandemic, and the difficult outlook is expected to continue.」
The Company indicated that, in addition to the existing US-China trade tensions and geopolitical risks, the economy had deteriorated rapidly due to the impact of COVID-19 and that the outlook was difficult. - FY2020-Q2Specified external risk factorsAnnual report
「However, corporate sentiment, particularly in the manufacturing sector, has continued to become more cautious, and the economic outlook remains uncertain due to factors including trade tensions between the United States and China, the United Kingdom's withdrawal from the EU and developments in the Middle East.」
In addition to the previously cited US-China trade tensions and other factors, the Company specifically identified the UK's withdrawal from the EU and developments in the Middle East as factors contributing to the uncertain economic outlook. - FY2020-Q1First statedAnnual report
「However, corporate sentiment, particularly in the manufacturing sector, has continued to become more cautious, and the economic outlook remains uncertain due to factors including trade tensions between the United States and China and geopolitical risks.」
The Company first stated its view of the external environment that corporate sentiment had become more cautious and that the economic outlook was uncertain due to trade tensions between the United States and China, geopolitical risks and other factors.