Macroeconomic Risks Including Global Economic Slowdown and Trade Friction
First written in FY2020-Q1. 4 of 10 entries say "Restated". Latest entry: FY2022-Q3.
SanBio 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 2019: 13 of 36 companies on the "Worse" side.
8 other companies' latest entry also says "Worsened".
- FY2022-Q3WorsenedAnnual report
「During the nine-month period ended 31 October 2021 (1 February 2021 to 31 October 2021), the global economy was exposed to waves of increasing and decreasing COVID-19 infections. Although countries sought to restore economic growth through wider COVID-19 vaccination and economic measures, the outlook for the economic recovery became uncertain as infections rose again even in countries with relatively high vaccination rates. In Japan, preliminary GDP for July-September 2021 turned negative for the first time in 2 quarters, leaving the outlook uncertain.」
Despite progress in vaccinations, infections rose again, and Japan recorded negative growth for the July-September 2021 quarter for the first time in 2 quarters, heightening uncertainty over the outlook for the global and Japanese economies. - FY2022-Q2RestatedAnnual report
「In Japan, preliminary GDP for April-June 2021 showed positive growth for the first time in 2 quarters, although the growth rate was sluggish.」
While a recovery trend centered on advanced economies was indicated, the recognition that the economic recovery outlook remains uncertain owing to delayed vaccinations and the spread of variants has been reconfirmed. - FY2022-Q1Expectations for a global economic recovery coexist with a deterioration in Japan's economyAnnual report
「During the first quarter of the fiscal year under review (1 February 2021 to 30 April 2021), effective COVID-19 vaccines became widely available worldwide, creating conditions in which economic activity was expected to accelerate as public health restrictions were gradually eased. At the same time, economic reopening began to diverge between countries with faster and slower vaccination progress. In Japan in particular, the reissuance and extension of a state of emergency centered on the Tokyo metropolitan area caused private consumption, which accounts for more than half of GDP, to languish, and the uncertain outlook continued.」
While expectations for a global economic recovery driven by wider vaccine availability were indicated, the filing also describes the divergence in economic reopening due to differences in vaccination progress, the reissuance and extension of Japan's state of emergency, and sluggish private consumption. - FY2021RestatedAnnual report
「Real GDP levels in 2021 are said to be expected to remain below 2019 levels in most countries, and the outlook is expected to remain uncertain.」
The recognition that the outlook for the global economy remains uncertain amid a severe recession caused by COVID-19 continues. - FY2021-Q3WorsenedAnnual report
「During the nine-month period ended 31 October 2020 (1 February 2020 to 31 October 2020), the global economy faced renewed increases in COVID-19 infections in Europe and the United States, intensifying uncertainty over the outlook.」
The filing states that renewed increases in COVID-19 infections in Europe and the United States heightened uncertainty over the outlook for the global economy, indicating that macroeconomic risks have worsened. - FY2021-Q2WorsenedAnnual report
「During the six-month period ended 31 July 2020 (1 February 2020 to 31 July 2020), the global economy deteriorated rapidly owing to the spread of COVID-19 and the sharp decline in crude oil prices. In the United States, GDP for April-June 2020 recorded its largest contraction since statistics began, while in Japan, real GDP growth for the same quarter fell sharply from the previous quarter, recording the largest decline in the postwar period.」
The global economy deteriorated rapidly owing to COVID-19 and the sharp decline in crude oil prices, with the filing describing the largest-ever and largest postwar contractions in U.S. and Japanese GDP, respectively. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the fiscal year under review (1 February 2020 to 30 April 2020), the global economy deteriorated rapidly owing to the spread of COVID-19 and the sharp decline in crude oil prices.」
In addition to the previous uncertainty surrounding the global economy and U.S.-China trade frictions, the filing describes a rapid economic deterioration caused by the spread of COVID-19 and the sharp decline in crude oil prices, indicating that macroeconomic risks have worsened. - FY2020RestatedAnnual report
「The impact of the novel coronavirus, which spread from China to regions around the world, left the economic expansion outlook uncertain.」
In addition to the slowdown in the global economy and U.S.-China trade frictions, uncertainty in the economic and business environment caused by the novel coronavirus is described. - FY2020-Q3RestatedAnnual report
「In the United States, domestic demand remained firm against a backdrop of favorable employment and income conditions, but uncertainty persisted around U.S.-China trade negotiations, leaving the economic outlook uncertain.」
Risks in the global economy and business environment, including uncertainty surrounding U.S.-China trade negotiations, have been reconfirmed. - FY2020-Q1First statedAnnual report
「As a slowdown in the global economy became increasingly evident, intensifying global trade frictions originating in the United States also dampened business confidence among U.S. companies. In Japan, although real GDP growth remained positive for 2 consecutive quarters from October 2018, the outlook for the economy remained uncertain owing to slowing exports, U.S. sanctions against China and the future impact of the consumption tax increase.」
The slowdown in the global economy, U.S.-China trade frictions, and the outlook for Japan's slowing exports, sanctions against China and consumption tax increase are described as risks in the business environment for the quarter.