Impact of US-China Trade Friction and Export Tariff Issues
First written in FY2019-Q3. 4 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
65 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Meanwhile, in addition to the impact of US tariff policy and rising tensions in Japan-China relations, the situation remains uncertain due to surging energy prices and disruption to maritime transport resulting from heightened tensions in the Middle East.」
The company continues to describe uncertainty arising from US tariff policy, together with Japan-China relations, the situation in the Middle East, energy prices and disruption to maritime transport, as ongoing external risks. - FY2026-H1RestatedAnnual report
「Meanwhile, although uncertainty arising from US tariff policy has eased, the situation remains uncertain, with the impact on the performance of companies in some manufacturing industries, particularly the automotive industry, becoming apparent.」
The company continues to discuss uncertainty regarding US tariff policy and its impact on manufacturing. This time, it also states that uncertainty has eased. - FY2021-Q3RestatedAnnual report
「In the global economy, China is recovering steadily following the resumption of economic activity, while activity restrictions in Europe and the United States have been tightened again due to the resurgence of COVID-19 infections, and it is expected to take time for them to return to the previous year's levels.」
There is no new discussion of US-China trade friction, but the company indicates that it recognises that uncertainty in the global economy continues. - FY2020-Q3RestatedAnnual report
「Meanwhile, although concerns over an escalation of US-China trade tensions are easing, uncertainty remains as concerns persist that their impact on the real economy will continue.」
Although concerns over an escalation of US-China trade tensions are easing, the company remains concerned that their impact on the real economy will continue, and continues to record uncertainty surrounding the issue. In the textile industry-related field, exports of processing oils to China also remain sluggish. - FY2020-Q2MaterialisedAnnual report
「In the textile industry-related field, sales of chemicals for carbon fibers increased on higher demand, but sales declined significantly because exports to China of processing oils used in manufacturing urethane resins for synthetic leather and elastic fibers, tire cord yarn and other products remained sluggish under the impact of the US-China export tariff issue.」
Exports to China of processing oils remained sluggish under the impact of the US-China export tariff issue, and sales in the textile industry-related field declined significantly. - FY2020-Q1MaterialisedAnnual report
「In the textile industry-related field, sales declined significantly because exports to China of processing oils used in manufacturing urethane resins for synthetic leather and elastic fibers, tire cord yarn and other products remained sluggish under the impact of the US-China export tariff issue, despite signs of recovery in chemicals for carbon fibers.」
The company records that sales of processing oils exported to China remained sluggish under the impact of the US-China export tariff issue, resulting in a significant decline in sales. - FY2019MaterialisedAnnual report
「Sales remained sluggish because exports to China of processing oils used in manufacturing tire cord yarn and other products were affected by the US-China export tariff issue.」
The company records in its full-year results the business impact of sales of processing oils exported to China remaining sluggish because of the US-China export tariff issue. - FY2019-Q3First statedAnnual report
「Meanwhile, although the US economy remained firm, concerns grew over the impact of escalating US-China trade tensions on the real economy, increasing uncertainty. In the textile industry-related field, sales remained sluggish because chemicals for carbon fibers were sluggish and exports to China of processing oils used in manufacturing tire cord yarn were affected by the US-China export tariff issue and remained sluggish.」
The company explicitly records for the first time concerns over the impact of escalating US-China trade tensions on the real economy, as well as the business impact of exports to China remaining sluggish because of the US-China export tariff issue.