Uncertainty over the Economic Policies of the New U.S. Administration
First written in FY2017-Q3. 5 of 11 entries say "Restated". Latest entry: FY2026-H1.
C.Uyemura & moved to the "Worse" side of this theme in 2021, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 5 of 14 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「The economic outlook remains uncertain due to the increased risk of a downturn resulting from the effects of U.S. trade policies, continued inflation, and fluctuations in financial and capital markets, among other factors.」
The uncertainty surrounding U.S. economic and trade policies continues to be described as an increased risk of a downturn in the economy. - FY2025WorsenedAnnual report
「A gradual recovery in Japan's domestic economy is expected against a backdrop of improving employment and income conditions, but the global economy is showing increasing signs of slowing due to the substantial tariff increases imposed by the United States.」
In addition to the previous uncertainty over U.S. economic and trade policies, substantial tariff increases have emerged as a specific factor contributing to a global economic slowdown. - FY2021ReframedAnnual report
「The outlook for Japan's domestic economy remains uncertain due to economic stagnation caused by the effects of COVID-19 and U.S.-China national security issues.」
The wording has changed from concerns over the economic and trade policies of the new U.S. administration to geopolitical and economic uncertainties, including U.S.-China national security issues. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy deteriorated rapidly as individual consumption and corporate economic activity were severely restricted to prevent the spread of COVID-19. Overseas economies also showed signs of economic activity resuming, particularly in China, but the outlook remained extremely uncertain due to growing concerns over a resurgence of infections and the effects of U.S.-China trade friction, among other factors.」
The factor clouding the outlook with respect to U.S. economic and trade policies continues to be described this time as the effects of U.S.-China trade friction. - FY2021-Q1RestatedAnnual report
「Overseas economies also remained extremely uncertain due to the spread of COVID-19 and concerns over prolonged U.S.-China trade friction, among other factors.」
The factor clouding the outlook with respect to U.S. economic and trade policies continues to be described this time as concern over prolonged U.S.-China trade friction. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy continued on a recovery trend, with corporate earnings remaining firm and employment and income conditions improving gradually, but growing concern over the prolonged U.S.-China trade friction increased caution about the economic outlook.」
Concern over prolonged U.S.-China trade friction continues to be identified as a factor increasing caution about the economic outlook. - FY2020-Q1ReframedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy continued on a recovery trend, with corporate earnings remaining firm and employment and income conditions improving gradually, but growing concern over the prolonged U.S.-China trade friction increased caution about the economic outlook.」
The factor clouding the outlook with respect to U.S. economic and trade policies is now expressed as concern over prolonged U.S.-China trade friction. - FY2019-Q3ReframedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy continued on a recovery trend, with corporate earnings remaining firm and employment and income conditions improving gradually. Overseas, the global economy continued to recover, but the outlook remained uncertain due to developments in U.S. government policy and trade policy, intensifying global trade friction, and sharp fluctuations in financial and capital markets, among other factors.」
The wording has changed from the previous reference to the effects of U.S. economic and trade policies to developments in U.S. government policy and trade policy, while global trade friction and sharp fluctuations in financial and capital markets are also listed as factors clouding the outlook. - FY2019-Q2RestatedAnnual report
「Overseas, the global economy continued to recover, but the outlook remained uncertain due to concerns over the effects of U.S. economic and trade policies and the risk of higher crude oil prices, among other factors.」
The effects of U.S. economic and trade policies continue to be recognized as a factor clouding the economic outlook. - FY2019-Q1ReframedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy continued on a recovery trend, with corporate earnings remaining firm and employment and income conditions improving gradually. Overseas, the global economy continued to recover, but the outlook remained uncertain due to concerns over the effects of U.S. economic and trade policies and the risk of higher crude oil prices, among other factors.」
The wording has changed from the previous reference to “uncertainty over the future economic policies of the new U.S. administration” to wording identifying the effects of U.S. economic and trade policies as a factor clouding the economic outlook. - FY2017-Q3First statedAnnual report
「During the first nine months of the current fiscal year, Japan's economy remained on a moderate recovery path as employment and income conditions continued to improve. However, the outlook for the economy remained uncertain due to the slowdown in emerging-market economies, including China, the issue of the UK's departure from the EU, and uncertainty over the future economic policies of the new US administration.」
The analysis of operating performance newly identifies uncertainty over the future economic policies of the new U.S. administration as a factor clouding the economic outlook. The business and other risks section, however, states that there have been no new risks or material changes.