Slowing growth in China and emerging markets and stagnant personal consumption
First written in FY2017-Q3. 13 of 24 entries say "Restated". Latest entry: 2026-11-05.
Chukyo Iyakuhin moved to the "Worse" side of this theme in 2021, 2 years after the typical company in this theme (2019).
The whole theme swung hardest in 2020: 152 of 179 companies on the "Worse" side.
50 other companies' latest entry also says "Worsened".
- 2026-11-05WorsenedResults
「為替相場の不安定な推移に伴う原材料やエネルギー価格の高止まり、物流コストの上昇や人手不足に起因する人件費の増加など、企業を取り巻くコスト負担は深刻さを増しています。」
為替、原材料・エネルギー価格、物流コスト、人件費によるコスト負担について、深刻さが増したと記載した。 - FY2026RestatedAnnual report
「Meanwhile, uncertainty over the outlook is increasing due to the prolonged conflicts in other countries, soaring raw material and energy prices caused by the yen's depreciation, high prices including food prices due to climate change and other factors, and rising labor costs amid labor shortages. In addition, the economic outlook remains unpredictable, including concerns about consumer purchasing appetite associated with inflation risks.」
It continues to cite uncertainty over the outlook arising from conflicts, the yen's depreciation, high prices, labor shortages, and inflation. - FY2026-H1RestatedAnnual report
「Meanwhile, uncertainty over the outlook continues due to the prolonged conflicts in other countries, soaring raw material and energy prices caused by the yen's depreciation, high prices including food prices due to climate change and other factors, and rising labor and logistics costs amid labor shortages.」
It continues to cite uncertainty over the outlook arising from conflicts, the yen's depreciation, soaring raw material and energy prices, high prices, labor shortages, and rising labor and logistics costs. - FY2025WorsenedAnnual report
「During the fiscal year, Japan's economy faced concerns about the impact on economic activity of prolonged conflicts between nations and US tariff policies. The yen's depreciation and high prices continued, and consumer preferences are expected to become increasingly selective. In addition, companies are required to address a wide range of issues, including higher costs resulting from rising wages and interest rates and various price increases, securing personnel amid labor shortages, adapting to work-style reforms, harassment, cybersecurity measures, and the preparation of business continuity plans (BCPs) in response to large-scale disasters and other events.」
In addition to the existing geopolitical risks, yen depreciation, and rising prices, uncertainty and operational challenges have expanded to include US tariff policies, rising wages and interest rates, labor shortages, cybersecurity, and BCP measures. - FY2025-H1WorsenedAnnual report
「Meanwhile, concerns remain about a downturn in the global economy due to the prolonged situation in Ukraine, worsening conditions in the Middle East, a rapid global acceleration in inflation, the resulting monetary tightening policies of central banks worldwide, and exchange-rate movements.」
It specifically cites downside risks from the prolonged situation in Ukraine, worsening conditions in the Middle East, a rapid acceleration in global inflation, monetary tightening, and exchange-rate movements. - FY2024-Q3RestatedAnnual report
「Meanwhile, the outlook remains uncertain due to the military invasion of Eastern Europe, geopolitical risks in the Middle East, rising prices accompanying soaring energy and raw material prices, and the effects of exchange-rate movements.」
It continues to cite uncertainty over the outlook arising from geopolitical risks, soaring energy and raw material prices, rising prices, and exchange-rate movements. - FY2024-Q2WorsenedAnnual report
「Although some signs of a recovery in personal consumption were seen in parts of the industry, the business environment remained difficult as negative factors continued to emerge, including weaker consumer sentiment due to rising prices and the emergence of new risks such as soaring raw material and logistics costs and the yen's depreciation.」
It states that new risks, including rising prices, soaring raw material and logistics costs, and the yen's depreciation, have emerged and continue to weigh on the business environment. - FY2024-Q1WorsenedAnnual report
「Although some signs of a recovery in personal consumption were seen in parts of the industry, the business environment remained difficult as negative factors continued to emerge, including weaker consumer sentiment due to rising prices and the emergence of new risks such as soaring raw material prices, the yen's depreciation, and logistics costs.」
It states that new risks, including rising prices, soaring raw material prices, the yen's depreciation, and logistics costs, have emerged and continue to weigh on the industry's business environment. - FY2023-Q3RestatedAnnual report
「In addition to soaring resource prices caused by the prolonged Russia-Ukraine situation, concerns remain about the impact on the domestic economy of rising prices resulting from the yen's depreciation, among other factors, and the outlook continues to be uncertain.」
It continues to cite the Russia-Ukraine situation, soaring resource prices, and the impact on the domestic economy of the yen's depreciation and rising prices, as well as uncertainty over the outlook. - FY2023-Q2RestatedAnnual report
「In addition to soaring resource prices caused by the prolonged Russia-Ukraine situation, concerns remain about the impact on the domestic economy of rising prices resulting from the yen's depreciation, among other factors, and the outlook continues to be uncertain.」
It continues to cite the Russia-Ukraine situation, soaring resource prices, and the impact on the domestic economy of the yen's depreciation and rising prices, as well as uncertainty over the outlook. - FY2023-Q1RestatedAnnual report
「The outlook remains uncertain due to the impact on domestic and overseas economies of the military invasion of Eastern Europe, geopolitical risks in the Middle East, friction between the United States and China, and other factors that have heightened uncertainty in the global economy, as well as COVID-19, for which an end to the pandemic is still not in sight.」
It continues to cite the military invasion of Eastern Europe, geopolitical risks in the Middle East, US-China relations, and uncertainty over the outlook due to COVID-19. - FY2022WorsenedAnnual report
「The outlook remains uncertain due to the impact on domestic and overseas economies of the military invasion of Eastern Europe, geopolitical risks in the Middle East, friction between the United States and China, and other factors that have heightened uncertainty in the global economy, as well as COVID-19, for which an end to the pandemic is still not in sight.」
In addition to the existing uncertainty in the global economy, it specifically cites the military invasion of Eastern Europe and geopolitical risks in the Middle East, expanding the factors contributing to uncertainty over the outlook. - FY2022-Q1SoftenedAnnual report
「Vaccinations are progressing in some advanced economies, and vaccination has also begun domestically, raising expectations that the spread of infections will subside and the economy will recover. However, the risk of the spread of variant strains remains, and the outlook continues to be uncertain.」
It points to progress in vaccinations and expectations of an economic recovery. Although the wording has been softened from the previous “extremely uncertain,” uncertainty related to variant strains remains. - FY2021-Q3WorsenedAnnual report
「However, with the arrival of a third wave of COVID-19 infections, the outlook remains extremely uncertain.」
It states that the arrival of the third wave of COVID-19 infections heightened uncertainty over the outlook. - FY2021-Q2RestatedAnnual report
「During the cumulative second-quarter period, no new business or other risks arose. In addition, there were no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
The company reported no material changes in uncertainty over the outlook resulting from uncertainty in the global economy and the COVID-19 pandemic. - FY2020WorsenedAnnual report
「In addition to heightened uncertainty in the global economy resulting from the prolonged US-China trade tensions, the UK's withdrawal from the EU, geopolitical risks in the Middle East and other factors, the impact of the COVID-19 pandemic on domestic and overseas economies has made the outlook even more uncertain.」
In addition to the existing uncertainty in overseas economies and the global situation, the company cited the impact of the COVID-19 pandemic on domestic and overseas economies and stated that the outlook had become more uncertain. - FY2020-Q3RestatedAnnual report
「Meanwhile, the outlook has become uncertain amid concerns about the impact of the consumption tax increase on personal consumption and other factors.」
The company continues to cite the impact of the consumption tax increase on domestic personal consumption as a factor contributing to uncertainty over the outlook. - FY2020-Q2ReframedAnnual report
「Meanwhile, the outlook has become uncertain amid concerns about the impact of the consumption tax increase on personal consumption and other factors.」
As a factor contributing to uncertainty over the outlook, the company specifically identified the impact of the consumption tax increase on domestic personal consumption, rather than conditions in China or overseas economies. - FY2020-Q1RestatedAnnual report
「Meanwhile, the outlook remains uncertain due to uncertainty in the global economy, including developments in trade issues involving Europe and the United States and the outlook for the Chinese economy.」
The company continues to cite uncertainty over the outlook resulting from uncertainty in the global economy, including trade issues involving Europe and the United States and the outlook for the Chinese economy. - FY2019-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter. There were also no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company reported no material changes in uncertainty over the outlook resulting from instability in overseas economies and the global situation, among other factors. - FY2018-Q3RestatedAnnual report
「Meanwhile, the outlook remains uncertain due to increasing instability in the global situation, including in Europe and the United States.」
The company continues to cite uncertainty over the outlook resulting from instability in overseas conditions. - FY2018-Q1RestatedAnnual report
「Meanwhile, the outlook remains uncertain due to increasing instability in the global situation, including in Europe and the United States.」
The company again identified uncertainty over the outlook resulting from instability in overseas conditions as a macroeconomic risk. - FY2017RestatedAnnual report
「Meanwhile, the outlook remains uncertain due to the prolonged impact of the consumption tax increase on personal consumption and trends in overseas economies, among other factors.」
The company again identified stagnant personal consumption and overseas economic trends as macroeconomic risks contributing to uncertainty over the outlook. - FY2017-Q3First statedAnnual report
「However, with growth slowing in China and emerging markets and personal consumption remaining stagnant, the outlook continues to be uncertain.」
The company cited slowing growth in China and emerging markets, stagnant personal consumption and an uncertain outlook as new business-environment risks.