Impact of China's economic slowdown on demand and sales
First written in FY2016. 19 of 38 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-08-05.
Soken Chemical & Engineering moved to the "Worse" side of this theme in 2023, 2 years before the typical company in this theme (2025).
0 other companies' latest entry also says "Restated".
- 2026-08-05RestatedEarnings
「為替相場の変動や中国の景気減速の影響が懸念されるなど先行き不透明感が強まり、予断を許さない状況にありました。」
中国景気減速による需要・販売への影響懸念を引き続き記載している。 - FY2026MaterialisedAnnual report
「Primary geographic markets: Japan 17,832,799; China 25,980,699; Other 4,154,493; revenue from contracts with customers 47,967,991」
Revenue from China, the primary geographic market, was ¥25,980 million, down from ¥27,177 million in the previous fiscal year. The impact of demand and sales in the Chinese market was reflected in full-year results. - 2026-05-15MaterialisedEarnings
「米国の関税政策の不透明感から在庫調整局面にあった液晶ディスプレイ関連の需要回復が緩やかなものに留まる」
米国の関税政策を背景とする在庫調整が、液晶ディスプレイ関連需要の回復鈍化として通期業績に現れている。 - FY2026-H1MaterialisedAnnual report
「Amid weak demand related to liquid crystal displays due to the impact of inventory adjustments in anticipation of U.S. tariff policy developments」
Inventory adjustments in anticipation of U.S. tariff policy emerged in actual results as weak demand related to liquid crystal displays. In the Chinese market, sales of fine powders, specialty functional materials and processed products were also disclosed as below the year-earlier level. - FY2025-H1Concerns about China’s economic slowdown alongside a recovery in China salesAnnual report
「During the current interim consolidated accounting period, a gradual economic recovery generally continued, but the outlook remained uncertain amid concerns about the impact of China’s economic slowdown, price trends and monetary policy in major countries, foreign exchange fluctuations, and heightened geopolitical risks arising from the prolonged situations in Ukraine and the Middle East.」
Concerns about China’s economic slowdown continue, while sales of adhesives, fine powders, specialty functional materials and processed products in the Chinese market have all increased, so concern about the risk and a recovery in sales are occurring simultaneously. - FY2024MaterialisedAnnual report
「For specialty functional materials, sales volume for electronic-material applications declined amid weak smartphone market conditions in the Chinese market. Although profitability improvement from efforts to restore appropriate margins had an effect, revenue was ¥2,595 million, down 6.5% from the previous fiscal year.」
Weak smartphone market conditions in China emerged in full-year results as lower specialty functional materials sales volume and a 6.5% decline in revenue. - FY2024-Q3MaterialisedAnnual report
「For fine powder products, demand for light-diffusion applications in the Chinese market showed signs of recovery, but sales volume fell below the year-earlier level due to weak demand for toner and coating applications, resulting in revenue of ¥1,913 million, down 2.3% year on year. For specialty functional materials, sales volume for electronic-material applications declined amid weak smartphone market conditions in the Chinese market. Although profitability improvement from efforts to restore appropriate margins had an effect, revenue was ¥1,886 million, down 17.7% year on year. For processed products, sales of functional adhesive tape declined due to intensified price competition amid weak smartphone market conditions in the Chinese market and inventory adjustments for electronic display applications, resulting in revenue of ¥4,185 million, down 23.2% year on year.」
In the Chinese market, weak demand for toner and coating applications, smartphone electronic-material applications and electronic display applications, along with inventory adjustments and price competition, continued and emerged as a risk through lower sales of fine powders, specialty functional materials and processed products. - FY2024-Q2MaterialisedAnnual report
「For fine powder products, sales volume for light-diffusion applications, where weak demand continued in the Chinese market, declined, resulting in revenue of ¥1,167 million, down 19.0% year on year. For specialty functional materials, sales volume for electronic-material applications declined amid weak smartphone market conditions in the Chinese market, resulting in revenue of ¥1,119 million, down 32.4% year on year. For processed products, sales of functional adhesive tape declined due to intensified price competition amid weak smartphone market conditions in the Chinese market and inventory adjustments for electronic display applications, resulting in revenue of ¥2,544 million, down 27.6% year on year.」
Weak demand, inventory adjustments and price competition in light-diffusion, smartphone electronic-material and electronic display applications in the Chinese market emerged as lower sales. Meanwhile, adhesives for liquid crystal display applications are recovering, so the impact differs by product. - FY2024-Q1MaterialisedAnnual report
「For fine powder products, sales volume for light-diffusion applications, where weak demand continued in the Chinese market, declined, resulting in revenue of ¥539 million, down 28.3% year on year. For specialty functional materials, sales volume for electronic-material applications declined amid weak smartphone market conditions in the Chinese market, resulting in revenue of ¥466 million, down 46.5% year on year. For processed products, sales of functional adhesive tape declined due to intensified price competition amid weak smartphone market conditions in the Chinese market and inventory adjustments for electronic display applications, resulting in revenue of ¥1,132 million, down 32.5% year on year.」
Weak demand for light-diffusion applications, weak smartphone market conditions and inventory adjustments for electronic display applications in the Chinese market emerged as lower sales volume and revenue for fine powders, specialty functional materials and processed products. - FY2023MaterialisedAnnual report
「For fine powder products, sales volume declined due mainly to weak demand for light-diffusion and electronic component-related applications in the Chinese market, resulting in revenue of ¥2,524 million, down 16.4% from the previous fiscal year. For specialty functional materials, sales volume for electronic-material applications declined due mainly to worsening smartphone market conditions in the Chinese market, resulting in revenue of ¥2,776 million, down 21.2% from the previous fiscal year.」
Weak demand for light-diffusion and electronic component-related applications and worsening smartphone market conditions in the Chinese market emerged over the full year as lower sales volume and revenue for fine powders and specialty functional materials. - FY2023-Q3MaterialisedAnnual report
「For fine powder products, sales volume declined due mainly to prolonged inventory adjustments for light-diffusion applications and weak demand for electronic component-related applications in the Chinese market, resulting in revenue of ¥1,957 million, down 13.2% year on year. For specialty functional materials, sales volume for electronic-material applications declined due mainly to worsening smartphone market conditions in the Chinese market, resulting in revenue of ¥2,290 million, down 7.3% year on year.」
Prolonged inventory adjustments for light-diffusion applications, weak demand for electronic component-related applications and worsening smartphone market conditions in the Chinese market emerged as lower sales volume and revenue. - FY2023-Q2MaterialisedAnnual report
「For fine powder products, sales volume declined as inventory adjustments for light-diffusion applications in the Chinese market continued for an extended period, resulting in revenue of ¥1,442 million, down 4.0% year on year.」
Prolonged inventory adjustments for light-diffusion applications in the Chinese market emerged as lower fine powder sales volume and a 4.0% year-on-year decline in revenue, while demand and sales risks also emerged in actual results. Production adjustments have also occurred in liquid crystal display-related fields. - FY2023-Q1China’s urban lockdowns and inventory adjustments alongside sales growthAnnual report
「During the first quarter of the current consolidated cumulative period, conditions were uncertain and difficult as the worsening situation in Ukraine and lockdowns in major Chinese cities to contain COVID-19 exacerbated surging global resource prices and supply chain disruptions, while growing concerns about inflation raised fears of an economic recession.」
Lockdowns in major Chinese cities heightened concerns about economic and supply conditions, while sales related to liquid crystal displays grew, primarily in the Chinese market. Inventory adjustments by major Chinese customers continued for fine powders, and sales volume declined. - FY2022MitigatedAnnual report
「Revenue from adhesive-related products was ¥21.835 billion, up 24.9% from the previous consolidated fiscal year, owing to increased sales for liquid-crystal-display-related applications, where demand continued to expand mainly in the Chinese market, as well as a recovery in sales for general applications such as construction materials and automobiles.」
Demand and sales increased, led by the Chinese market, and the impact of China’s economic slowdown on demand and sales continued to ease during the current fiscal year. - FY2022-Q3MitigatedAnnual report
「In addition to higher sales, mainly in the Chinese market, where demand related to liquid-crystal displays continued to expand, the foreign-currency translation of the Chinese subsidiaries’ results increased as the renminbi strengthened. Net sales therefore rose 24.5% year on year to ¥27,861 million.」
Demand related to liquid crystal displays and sales in the Chinese market continued to expand, and the impact of China’s economic slowdown on demand and sales continued to ease during the current quarter. - FY2022-Q2MitigatedAnnual report
「During the first six months of the fiscal year, sales increased, particularly in the Chinese market, where demand related to liquid-crystal displays continued to expand. Net sales therefore rose 26.7% year on year to ¥17,742 million.」
Demand related to liquid crystal displays and sales in the Chinese market continued to expand, and the impact of China’s economic slowdown on demand and sales continued to ease during the current quarter. - FY2022-Q1MitigatedAnnual report
「Economic recovery continued, led by the United States and China, supported by the wider availability of vaccines and economic measures.」
Economic recovery, led by China, emerged, and the impact of China’s economic slowdown on demand and sales, which had become evident through the previous fiscal year, began to ease during the current quarter. - FY2021MitigatedAnnual report
「During the current consolidated fiscal year, economic conditions showed signs of recovery from the global recession caused by the spread of COVID-19, with a particularly pronounced recovery in China. However, the outlook remained uncertain amid concerns about renewed spread of infections, intensifying U.S.-China tensions and rising crude oil prices.」
Economic recovery in China became pronounced, and the impact of China’s economic slowdown on demand and sales eased as sales related to liquid crystal displays and specialty functional materials in the Chinese market increased. Meanwhile, concerns about renewed spread of infections and U.S.-China tensions remain. - FY2021-Q3MitigatedAnnual report
「During the third quarter of the current consolidated cumulative period, economic conditions showed signs of recovery from the global recession caused by the spread of COVID-19, with a particularly pronounced recovery in China. However, the outlook remained uncertain, as the renewed spread of infections in countries around the world, including Europe and the United States, meant that an end to the pandemic was still not in sight, while concerns about intensifying U.S.-China tensions grew.」
Economic recovery in China became pronounced, and the impact on demand and sales eased as sales of several products to China increased. Meanwhile, concerns about renewed spread of infections and intensifying U.S.-China tensions remain. - FY2021-Q2MitigatedAnnual report
「During the second quarter of the current consolidated cumulative period, economic conditions showed signs of recovery from the global recession caused by the spread of COVID-19, with a particularly pronounced economic recovery in China. However, the outlook remained uncertain amid concerns about renewed spread of COVID-19 in Europe and the United States and intensifying U.S.-China tensions.」
Economic recovery in China became pronounced, and the impact of China’s economic slowdown on demand and sales partially eased as revenue from specialty functional materials for electronic-material applications in the Chinese market rose 23.6% year on year. - FY2021-Q1MitigatedAnnual report
「For specialty functional materials, sales volume for electronic-material applications in the Chinese market increased, among other factors, resulting in revenue of ¥703 million, up 30.1% year on year.」
In the Chinese market, sales volume of specialty functional materials for electronic-material applications increased, and revenue also rose 30.1% year on year. Signs of an economic recovery in China emerged as a result of economic policies, partially easing the impact on demand and sales. However, worsening U.S.-China trade tensions remain a concern. - FY2020MaterialisedAnnual report
「For specialty functional materials, sales volume for electronic-material applications in the Chinese market declined, resulting in revenue of ¥2,676 million, down 13.4% from the previous fiscal year.」
The impact of China’s economic slowdown on demand and sales emerged in full-year results as lower sales volume of specialty functional materials and a 13.4% decline in revenue. - FY2020-Q3MaterialisedAnnual report
「For specialty functional materials, sales volume for electronic-material applications in the Chinese market declined, resulting in revenue of ¥1,849 million, down 25.3% year on year.」
The impact of China’s economic slowdown on demand and sales emerged as lower sales volume of specialty functional materials and a 25.3% year-on-year decline in revenue. - FY2020-Q2WorsenedAnnual report
「For the six months ended the second quarter, revenue was ¥14,033 million, down 10.1% year on year, due mainly to lower chemicals sales resulting from the slowdown in the Chinese economy and sluggish demand related to liquid crystal displays.」
The impact of China’s economic slowdown continued and expanded as lower Chemicals sales, while consolidated revenue also declined 10.1% year on year. - FY2020-Q1MaterialisedAnnual report
「During the first quarter of the current consolidated cumulative period, revenue was ¥6,736 million, down 9.0% year on year, due mainly to lower Chemicals sales resulting from China’s economic slowdown and weak demand related to smartphones.」
China’s economic slowdown and weak smartphone-related demand emerged as lower Chemicals sales, and revenue declined 9.0% year on year. - FY2019MaterialisedAnnual report
「For specialty functional materials, sales volume for electronic-material applications in the Chinese market declined, resulting in revenue of ¥3,089 million, down 13.6% from the previous fiscal year. For processed products, sales volume of functional adhesive tape for electronic information equipment applications in the Chinese market declined, resulting in revenue of ¥4,782 million, down 10.0% from the previous fiscal year.」
Sales volume declined for electronic-material and electronic information equipment applications in the Chinese market, and revenue from specialty functional materials and processed products declined 13.6% and 10.0%, respectively, year on year. - FY2019-Q3MaterialisedAnnual report
「For specialty functional materials, sales volume for electronic-material applications in the Chinese market declined, resulting in revenue of ¥2,474 million, down 5.7% year on year. For processed products, sales volume of functional adhesive tape for electronic information equipment applications in the Chinese market declined, resulting in revenue of ¥3,636 million, down 6.8% year on year.」
The impact of China’s economic slowdown emerged in actual results as lower sales volume for electronic-material and electronic information equipment applications in the Chinese market and lower revenue from specialty functional materials and processed products. - FY2019-Q2WorsenedAnnual report
「However, signs of an economic slowdown emerged in China and emerging Asian countries, and conditions remained uncertain, including concerns about the impact on the economy of intensifying U.S.-China trade tensions, heightened geopolitical risks and surging crude oil prices.」
For China and emerging Asian countries, where economic recovery had been indicated through the previous period, signs of an economic slowdown were explicitly identified this time, and risks related to the demand environment have increased again. - FY2019-Q1MitigatedAnnual report
「Overall economic recovery continued in China and emerging Asian countries, supported by expanding domestic demand.」
The economic recovery trend continued in China and emerging Asian countries, and sales of several products in the region increased, so the impact of slowing demand eased. - FY2018MitigatedAnnual report
「Overseas, China and emerging Asian countries showed signs of economic recovery, but conditions remained uncertain, including concerns about the impact on the economy of heightened global geopolitical risks.」
Against a backdrop of economic recovery in China and emerging Asian countries, sales volume of adhesives, specialty functional materials and processed products in the Chinese market increased, and the impact of slowing demand eased. - FY2018-Q3MitigatedAnnual report
「Overseas, China and emerging Asian countries showed signs of economic recovery, but conditions remained uncertain, including concerns about the impact on the economy of heightened global geopolitical risks.」
The economic recovery in China and emerging Asian countries continued, and sales volume of adhesives, specialty functional materials and processed products in the Chinese market increased. Accordingly, the impact of China’s economic slowdown on demand and sales continued to ease. - FY2018-Q2MitigatedAnnual report
「Overseas, China and emerging Asian countries showed signs of economic recovery, but conditions remained uncertain, including concerns about the impact on the economy of heightened global geopolitical risks.」
The economic recovery in China and emerging Asian countries continued, and sales volume of adhesives, specialty functional materials and processed products in the Chinese market also increased, so the risk of slowing demand continued to ease. - FY2018-Q1MitigatedAnnual report
「Overseas, China and emerging Asian countries showed signs of economic recovery, but conditions remained uncertain, including concerns about the impact on the economy of heightened global geopolitical risks.」
China and emerging Asian countries showed signs of economic recovery, and sales volume of adhesives, specialty functional materials and other products in the Chinese market increased. However, uncertainty about the outlook remains. - FY2017MaterialisedAnnual report
「For processed products, sales volume of functional adhesive tape in the Chinese market increased for consumer electronics applications but declined for electronic information equipment applications. In addition, revenue was significantly affected by the stronger yen, resulting in revenue of ¥4,784 million, down 9.0% from the previous fiscal year.」
The decline in sales for electronic information equipment applications in the Chinese market emerged in actual results as a 9.0% year-on-year decline in processed-product revenue. - FY2017-Q3MaterialisedAnnual report
「Overseas, economic slowdowns continued in China and emerging Asian countries. In Japan, exports showed signs of recovery and employment conditions improved, but private consumption remained weak, and conditions continued to be uncertain and difficult. For processed products, sales of functional adhesive tape in the electronic information equipment sector in the Chinese market declined, and revenue was affected by the stronger yen, resulting in revenue of ¥3,180 million, down 19.7% year on year.」
The economic slowdown continued in China and emerging Asian countries, and its impact emerged in actual results as lower processed-product sales in the Chinese market. Meanwhile, sales volume of specialty functional materials for electronic-material applications in China increased, so the impact was not uniform across products. - FY2017-Q2MaterialisedAnnual report
「For specialty functional materials, sales volume for construction-material applications increased, but sales volume for electronic-material applications in the Chinese market declined, and revenue was affected by the stronger yen, resulting in revenue of ¥1,464 million, down 6.8% year on year. For processed products, sales of functional adhesive tape in the electronic information equipment sector in the Chinese market declined, and revenue was affected by the stronger yen, resulting in revenue of ¥2,056 million, down 24.0% year on year.」
Sales continued to decline in electronic-material and electronic information equipment applications in the Chinese market, with the risk emerging during the current period as lower revenue from specialty functional materials and processed products. - FY2017-Q1MaterialisedAnnual report
「For specialty functional materials, sales volume for electronic-material applications in the Chinese market declined, resulting in revenue of ¥692 million, down 12.7% year on year. For processed products, sales of functional adhesive tape for the consumer electronics and electronic information equipment sectors in the Chinese market declined, resulting in revenue of ¥1,087 million, down 17.0% year on year.」
The decline in sales of specialty functional materials and processed products due to slowing demand in the Chinese market also occurred in the first quarter, with the rate of decline in revenue quantified. - FY2016First statedAnnual report
「Sales of specialty functional materials and processed products, for which demand weakened as a result of China’s economic slowdown, declined.」
A risk that has already emerged in performance as a decline in sales during the current period.