Uncertainty in Overseas Business Conditions Due to Slowing Growth in Emerging Asian Economies and Brexit
First written in FY2017-Q1. 20 of 32 entries say "Worsened", first in FY2017-Q3. Latest entry: FY2026.
Fujikura Kasei moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).
The whole theme swung hardest in 2022: 140 of 172 companies on the "Worse" side.
68 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Overseas economies are also expected to remain uncertain, with numerous concerns affecting economic conditions, including heightened geopolitical risks such as the situation in the Middle East, concerns over a slowdown in the Chinese economy and developments in US policy.」
Regarding the overseas business environment, in addition to previously identified geopolitical concerns and other factors, the situation in the Middle East, concerns over a slowdown in China's economy and US policy developments were identified, and uncertainty continues. - 2026-05-14WorsenedRevision to earnings forecasts
「Overseas economies are also expected to remain uncertain, with numerous concerns affecting economic conditions, including heightened geopolitical risks such as the situation in the Middle East, concerns over a slowdown in the Chinese economy and developments in US policy.」
Geopolitical risks, the Chinese economy and US policy developments continued to be identified as sources of uncertainty in the overseas business environment. - FY2026-H1WorsenedAnnual report
「Overseas economies are expected to remain uncertain, with numerous factors weighing on economic conditions, including the protracted situations in Ukraine and the Middle East, the continued stagnation of China's property market, concerns over US inflation and economic slowdown, and weak external demand in Europe.」
In addition to previously identified geopolitical concerns, stagnation in China's real estate market, concerns over a slowdown in the US economy and weak external demand in Europe were identified as sources of uncertainty in the overseas business environment. - FY2025WorsenedAnnual report
「Overseas economies are also expected to remain uncertain, as there are numerous concerns regarding economic conditions, including the prolonged situations in Ukraine and the Middle East, persistently high interest rates in Europe, stagnation in China's real estate market and the future policy direction of the new US administration.」
Regarding the overseas business environment, the situations in Ukraine and the Middle East, high interest rates in Europe, China's real estate market stagnation and the policy direction of the new US administration were identified as sources of concern. - FY2025-H1WorsenedAnnual report
「In overseas economies, downside risks to overseas economies, including prolonged tensions in Ukraine and the Middle East, persistently high interest rates in Europe and the United States, and the impact of the stagnant real estate market in China, pose a risk of weighing on Japan's economy, and conditions are expected to remain uncertain.」
In addition to the previously identified situations in Ukraine and the Middle East, persistently high interest rates in Europe and the United States and stagnation in China's real estate market were cited as downside factors for overseas economies, broadening concerns over the overseas business environment. - FY2024WorsenedAnnual report
「Regarding the economic outlook, economic activity is returning to normal, but conditions are expected to remain unpredictable due to soaring raw material prices and other factors, as well as the situations in the Middle East and Ukraine.」
While referring to the normalization of economic activity, the statement continues to identify soaring raw material prices and the situations in the Middle East and Ukraine as sources of uncertainty. - FY2024-Q3WorsenedAnnual report
「The outlook for overseas economies is expected to remain uncertain, owing to the protracted situation in Ukraine, rising tensions in the Middle East, the effects of globally tightening monetary policy and concerns over the outlook for the Chinese economy.」
In overseas economies, concerns over the business environment increased as the situations in Ukraine and the Middle East, global monetary tightening and concerns over the outlook for China's economy compounded one another. - FY2024-Q1RestatedAnnual report
「Although overseas markets are recovering more rapidly than the domestic market, the outlook is expected to remain uncertain, owing to the protracted situation in Ukraine and the effects of sharp exchange-rate fluctuations caused by monetary tightening in various countries.」
While overseas economies continue to recover, uncertainty due to the prolonged situation in Ukraine, monetary tightening and sharp foreign exchange fluctuations continues. - FY2023WorsenedAnnual report
「Overseas economies are also expected to remain uncertain, due to the prolonged situation in Ukraine, the impact of global inflation and monetary tightening policies in various countries.」
In addition to the previously identified infectious diseases, semiconductor shortages and logistics disruptions, global inflation and monetary tightening policies in various countries were explicitly identified as sources of uncertainty in the overseas business environment. - FY2023-Q3WorsenedAnnual report
「Meanwhile, in addition to the prolonged situation in Ukraine, the global semiconductor shortage, soaring energy prices and sharp foreign exchange movements mean that uncertainty is expected to continue both in Japan and overseas.」
In addition to the previously identified infectious diseases, semiconductor shortages, soaring energy prices and the situation in Ukraine, sharp fluctuations in foreign exchange rates were explicitly identified as a source of uncertainty. - FY2023-Q2WorsenedAnnual report
「Overseas economies are also expected to remain uncertain, due to the prolonged situation in Ukraine, the global semiconductor shortage and soaring energy prices.」
The prolonged situation in Ukraine, the global semiconductor shortage and soaring energy prices were identified as sources of uncertainty in the overseas business environment. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy showed signs of recovery as COVID-19 infections declined and restrictions on activity were eased, but conditions remained uncertain due to the effects of the global semiconductor shortage, soaring energy prices and logistics disruptions.」
While the decline in infections and easing of restrictions on activity led to signs of recovery, semiconductor shortages, soaring energy prices and logistics disruptions were identified as new sources of uncertainty. - FY2022-Q2WorsenedAnnual report
「Overseas economies also remained uncertain, due to lockdowns resulting from the renewed spread of COVID-19, factory shutdowns caused by semiconductor shortages and other factors, and logistics disruptions caused by delays in maritime transport and customs clearance.」
In overseas economies, lockdowns caused by the renewed spread of infectious diseases, factory shutdowns due to semiconductor shortages and logistics disruptions added to the factors contributing to uncertainty in the business environment. - FY2022-Q1RestatedAnnual report
「In overseas economies as well, economic activity began to resume in some countries as COVID-19 vaccination progressed, but conditions are expected to remain unpredictable due to US-China trade friction, concerns over semiconductor supplies and the risk of a renewed spread of COVID-19.」
While economic activity has begun to resume, uncertainty in the overseas business environment continues due to US-China trade friction, concerns over semiconductor supplies and the risk of a renewed spread of infectious diseases. - FY2021WorsenedAnnual report
「In overseas economies, some countries have begun to reopen their economies, but economic activity remains stagnant in many countries due to COVID-19. With US-China trade friction and global concerns over semiconductor supplies also weighing on the outlook, conditions are expected to remain uncertain.」
In addition to infectious diseases and US-China trade friction, global concerns over semiconductor supplies were identified as a new source of uncertainty. - FY2021-Q2RestatedAnnual report
「Overseas, economic activity has also begun to resume, but the end of the COVID-19 pandemic remains unforeseeable, and the situation is expected to remain unpredictable amid US-China trade friction and trade issues associated with the UK's withdrawal from the EU.」
While economic activity has begun to resume in overseas economies, the timing of the containment of infectious diseases remains uncertain, and uncertainty continues, including trade issues associated with US-China trade friction and the UK's withdrawal from the EU. - FY2021-Q1WorsenedAnnual report
「Personal consumption is gradually recovering following the lifting of the state of emergency, but the timing of the end of the novel coronavirus pandemic remains unclear, and concerns about a second wave mean that the unpredictable situation is continuing.」
The timing of the end of the novel coronavirus pandemic remains unclear, and concerns about a second wave mean that uncertainty in the overseas and domestic business environments continues. - FY2020WorsenedAnnual report
「During the fiscal year, Japan's economy initially continued to recover moderately due to increased capital investment and improvements in income and employment conditions. However, economic activity was significantly pushed down by the global spread of the novel coronavirus that began in November 2019, and the situation is expected to remain unpredictable. Overseas, economic activity in each country has also been significantly affected by the novel coronavirus, and this situation is expected to continue.」
In addition to the previous factors, including US-China trade friction and the UK's withdrawal from the EU, the novel coronavirus significantly affected economic activity in Japan and overseas, expanding the factors creating an uncertain outlook. - FY2020-Q3WorsenedAnnual report
「Although weakness was seen mainly in exports, the economy continued to recover moderately due to improvements in employment and income conditions. Overseas conditions remained uncertain amid US-China trade friction, developments related to the UK's withdrawal from the EU, and instability in the Middle East.」
In addition to the longstanding US-China trade friction and the UK's withdrawal from the EU, instability in the Middle East was newly cited as a factor creating uncertainty, broadening concerns about the overseas business environment. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, Japan's economy continued to recover moderately due to improvements in employment and income conditions, but conditions remained uncertain due to US-China trade friction and the UK's withdrawal from the EU.」
US-China trade friction and the UK's withdrawal from the EU continue to be cited as factors creating an uncertain outlook for the overseas economy. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, Japan's economy continued to recover moderately due to improvements in employment and income conditions, but overseas conditions remained uncertain due to US-China trade friction and the UK's withdrawal from the EU.」
US-China trade friction and the UK's withdrawal from the EU continue to be cited as factors creating uncertainty in the overseas economy. - FY2019RestatedAnnual report
「Overseas economies remained firm, but the outlook is expected to remain uncertain amid concerns about US economic policy, protracted negotiations over the UK's withdrawal from the EU, and US-China trade friction.」
US economic policy, negotiations over the UK's withdrawal from the EU, and US-China trade friction continue to be cited as factors creating uncertainty in the overseas business environment. - FY2019-Q3WorsenedAnnual report
「Meanwhile, overseas economies remained uncertain due to escalating US-China trade friction and a slowdown in the Chinese economy.」
In addition to escalating US-China trade friction, the slowdown in the Chinese economy was newly cited, expanding the factors creating uncertainty in the overseas business environment. - FY2019-Q2WorsenedAnnual report
「The global economy remained in an uncertain environment, including worsening trade friction between the United States and China and soaring raw material prices associated with rising crude oil prices.」
The filing cited the “seriousening” of US-China trade friction and rising raw material prices associated with higher crude oil prices, expanding the factors creating uncertainty in overseas and global economies. - FY2019-Q1WorsenedAnnual report
「During the cumulative first quarter of the fiscal year, Japan's economy continued to recover moderately, supported by improving employment conditions, increased exports and growth in capital investment. However, the outlook remained uncertain amid concerns about the impact on the domestic economy of escalating trade friction, rising crude oil prices, and the heavy rains in July 2018, particularly in western Japan.」
The impact of escalating trade friction, rising crude oil prices and the heavy rains in July 2018 on the domestic economy was newly cited, broadening the factors creating uncertainty in the economic environment. - FY2018-Q3RestatedAnnual report
「Overseas, the US economy remained strong, but the outlook remained uncertain amid concerns about US administration policy developments and instability on the Korean Peninsula.」
Concerns about US administration policy developments and conditions on the Korean Peninsula were cited as factors creating uncertainty in the overseas business environment. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, Japan's economy showed a moderate recovery, with improvement in employment and income conditions, but the outlook remained uncertain amid concerns about uncertainty in the global economy and volatility in financial and capital markets.」
While referring to the recovery trend in the domestic economy, the Company cited uncertainty in the global economy and volatility in financial and capital markets as factors creating an uncertain outlook. - FY2018-Q1RestatedAnnual report
「Meanwhile, overseas business conditions remained uncertain due to concerns about political instability following the UK's withdrawal from the EU and the impact of protectionist policies in the United States.」
The UK's withdrawal from the EU and protectionist policies in the United States continue to be cited as factors creating uncertainty in the overseas business environment. - FY2017RestatedAnnual report
「However, the outlook is expected to remain uncertain due to slower economic growth in emerging markets, developments in US economic policy, political instability in Europe and elsewhere, and concerns about trends in crude oil prices.」
Slower growth in emerging markets, US economic policy, political conditions in Europe and crude oil prices continue to be cited as factors creating uncertainty in the overseas business environment. - FY2017-Q3WorsenedAnnual report
「However, the outlook remained uncertain due to concerns about instability in Europe associated with the UK's withdrawal from the EU, as well as concerns about policies under the new US administration.」
In addition to the UK's withdrawal from the EU, concerns about policies under the new US administration were newly cited, broadening the factors creating uncertainty in the overseas business environment. - FY2017-Q2RestatedAnnual report
「The earnings environment for companies remained uncertain, due to the yen's continued appreciation and concerns about instability in Europe associated with the UK's withdrawal from the EU.」
The yen's continued appreciation and instability in Europe associated with the UK's withdrawal from the EU continued to be cited as factors creating uncertainty in the overseas and corporate earnings environment. - FY2017-Q1First statedAnnual report
「However, overseas operations were affected by downside risks associated with slower economic growth in emerging Asian countries and the UK's withdrawal from the EU, and the outlook remained uncertain.」
Slower growth in overseas economies and the UK's withdrawal from the EU were listed for the first time as factors creating an uncertain outlook.