Impact of Global Geopolitical Risks on the Economy
First written in FY2018-Q1. 20 of 34 entries say "Worsened", first in FY2019-Q1. Latest entry: 2026-10-28.
Soken Chemical & Engineering moved to the "Worse" side of this theme in 2018, 4 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 47 of 80 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2026WorsenedAnnual report
「During the fiscal year, the economy continued to recover moderately, but the outlook remained uncertain due to concerns including uncertainty over US trade policy, the prolonged situations in Ukraine and the Middle East, and the impact of fluctuations in exchange rates and resource and energy prices.」
In addition to the existing geopolitical and resource-price risks, uncertainty over US trade policy continued to be explicitly identified, while the situation in the Middle East remained a concern for the business environment. - 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」
Regarding US trade policy, which had been a longstanding concern, inventory adjustments in anticipation of tariff policy were identified as an actual impact in the form of weaker demand related to liquid-crystal displays. - FY2025WorsenedAnnual report
「Although the business environment for the next fiscal year is expected to see a continued moderate recovery, the outlook is expected to remain unpredictable, with concerns including developments in US trade policy, the prolonged situations in Ukraine and the Middle East, and the impact of fluctuations in exchange rates and raw-material prices.」
In addition to the existing geopolitical risks and other concerns, developments in US trade policy were explicitly identified, and concerns about external risks, including fluctuations in exchange rates and raw-material prices, continued. - FY2024WorsenedAnnual report
「During the fiscal year, economic activity was normalizing as restrictions on movement related to the COVID-19 pandemic were eased, and the economy continued to recover moderately. However, the outlook remained uncertain, with concerns including the prolonged situation in Ukraine, the worsening situation in the Middle East, inflation caused by soaring resource and energy prices, and an economic slowdown resulting from prolonged monetary tightening in major economies.」
Although the economy continued to recover, the worsening situation in the Middle East was explicitly identified in addition to the existing concerns over the situation in Ukraine and soaring resource prices, broadening the areas of concern among external risks. - FY2024-Q3WorsenedAnnual report
「During the first nine months of the fiscal year, economic activity was normalizing as restrictions on movement related to the COVID-19 pandemic were eased, and the economy continued to recover moderately. However, the outlook remained uncertain, with concerns including the prolonged situation in Ukraine, the increasingly tense situation in the Middle East, inflation caused by soaring resource and energy prices, and an economic slowdown resulting from prolonged monetary tightening in major economies.」
Although economic activity was normalizing and the economy continued to recover, the increasingly tense situation in the Middle East was explicitly identified alongside the existing concerns over the situation in Ukraine, soaring resource and energy prices and prolonged monetary tightening, broadening the areas of concern among external risks. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter, the economic environment remained uncertain. Although economic activity was normalizing as restrictions on behavior during the COVID-19 pandemic were eased and the economy was on a moderate recovery trend, concerns persisted over an economic slowdown due to prolonged inflation caused by the extended situation in Ukraine and surging resource and energy prices, as well as prolonged monetary tightening in major countries.」
Although economic activity was normalizing and the economy was recovering, concerns continued over the prolonged situation in Ukraine, soaring resource and energy prices and prolonged monetary tightening in major economies. - FY2024-Q1WorsenedAnnual report
「During the first quarter of the fiscal year, economic activity was normalizing as restrictions on movement related to the COVID-19 pandemic were eased, and the economy was gradually recovering. However, the outlook remained uncertain, with concerns including the prolonged situation in Ukraine, rising resource and energy prices, inflation and an economic slowdown caused by monetary tightening in major economies.」
Although economic activity was normalizing and the economy was recovering, concerns about the prolonged situation in Ukraine, soaring resource and energy prices, inflation and an economic slowdown caused by monetary tightening in major economies remained. - FY2023-Q3WorsenedAnnual report
「During the first nine months of the fiscal year, the economic environment was uncertain and challenging. Although signs of a recovery from the COVID-19 pandemic emerged as restrictions on movement were eased, global inflation became increasingly severe, including through soaring resource prices caused by the worsening and prolongation of the situation in Ukraine. Concerns also arose over an economic slowdown caused by monetary tightening in major overseas economies and the impact of a rapid increase in infections following China's shift in COVID-19 policy.」
In addition to the worsening and prolongation of the situation in Ukraine, soaring resource prices, global inflation and monetary tightening in major overseas economies, the rapid increase in infections following China's shift in COVID-19 policy was explicitly identified, making external risks more specific. - FY2023-Q2WorsenedAnnual report
「During the first six months of the fiscal year, the economic environment was uncertain and challenging. Although signs of a recovery from the COVID-19 pandemic emerged as restrictions on movement were eased, global inflation, led by resource prices, became increasingly severe due to the worsening and prolongation of the situation in Ukraine and the continuation of COVID-19 measures in China. Concerns also arose over an economic slowdown caused by monetary tightening in major overseas economies.」
The worsening and prolongation of the situation in Ukraine, the continuation of infection-control measures in China, increasingly severe global inflation and concerns about an economic slowdown caused by monetary tightening in major overseas economies were identified, making external risks more specific and severe. - FY2023-Q1WorsenedAnnual 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.」
In addition to the existing US-China confrontation and geopolitical risks, the worsening situation in Ukraine, soaring resource prices and increasingly severe supply-chain disruptions were explicitly identified, broadening external risks. - FY2022WorsenedAnnual report
「During the fiscal year, the economic environment remained uncertain and challenging. The economy was recovering as vaccinations against the novel coronavirus progressed and economic measures took effect, but soaring crude oil prices, increasingly severe component shortages and disruptions to logistics networks exerted downward pressure. In addition, concerns arose over the impact of renewed infections caused by variants and the emergence of geopolitical risks.」
Geopolitical risks were described as having materialized, while component shortages, logistics disruptions, high crude oil prices and renewed infections were also identified as coexisting external conditions. - FY2022-Q3WorsenedAnnual report
「During the first nine months of the fiscal year, the economic environment was uncertain and challenging. The economy was recovering as vaccinations against the novel coronavirus progressed and economic measures took effect, but soaring crude oil prices and increasingly severe shortages of components exerted downward pressure. In addition, concerns arose over renewed infections caused by variants and rising geopolitical risks.」
Although the economy was recovering, increasingly severe component shortages, renewed infections caused by variants and rising geopolitical risks were newly identified, intensifying uncertainty in the external environment. - FY2022-Q2Economic recovery coexists with concerns over variants, higher crude oil prices and logistics disruptionsAnnual report
「During the cumulative second quarter, the economic environment remained uncertain and challenging. Although the global economy was recovering as COVID-19 vaccinations progressed and economic measures took effect, economic stagnation intensified due to the renewed spread of infections caused by variants, surging crude oil prices and disruptions to logistics networks.」
Although the global economy was recovering and demand in the Chinese market was expanding, concerns over economic stagnation caused by variants, soaring crude oil prices and disruptions to logistics networks were also newly identified, leaving the external environment characterized by both recovery and risks. - FY2022-Q1Economic recovery coexists with concerns over variants, higher crude oil prices and exchange-rate fluctuationsAnnual report
「During the first quarter of the fiscal year, the outlook remained uncertain and challenging. Although the end of the global spread of the novel coronavirus was still not in sight, the economies of the US, China and other countries continued to recover, supported by the wider availability of vaccines and economic measures. However, concerns included the impact of renewed infections caused by variants, soaring crude oil prices and exchange-rate fluctuations.」
Although an economic recovery centered on the US and China was evident, concerns about renewed infections caused by variants, soaring crude oil prices and exchange-rate fluctuations remained. - FY2021Economic recovery coexists with concerns over renewed infections, US-China confrontation and higher crude oil pricesAnnual 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.」
The global economy recovered from its downturn and the recovery in China was evident, while concerns about renewed infections, intensifying US-China confrontation and rising crude oil prices remained. - FY2021-Q3Economic recovery alongside renewed infections and concerns over US-China confrontationAnnual 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.」
The global economy recovered from its downturn, and the recovery in China became pronounced. At the same time, concerns about renewed infections in Europe and the US and intensifying US-China confrontation remained. - FY2021-Q2Economic recovery coexists with external risksAnnual 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.」
The global economy recovered from its downturn, and the recovery in China became pronounced. However, renewed infections in Europe and the US and intensifying US-China confrontation emerged as new concerns, leaving the external environment characterized by both recovery and risks. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the fiscal year, the economic environment was extremely uncertain and challenging as the global spread of the novel coronavirus continued, economic and social activity was restricted, and an economic downturn became pronounced. Although signs of an economic recovery emerged in China as countries explored ways to reopen their economies, concerns about intensifying US-China trade tensions meant that the situation remained unpredictable.」
In addition to the economic downturn caused by the spread of the novel coronavirus, concerns about intensifying US-China trade tensions were identified, and external risks remained severe. Signs of a recovery were also seen in China, but the situation remained unpredictable. - FY2020WorsenedAnnual report
「During the fiscal year, the economic environment was uncertain and challenging. The global economy showed a pronounced slowdown due to the slowdown in China resulting from US-China trade tensions and rising geopolitical risks associated with the increasingly tense situation in the Middle East. Domestic exports and production activity also remained sluggish, while personal consumption showed little growth.」
In addition to US-China trade tensions, the slowdown in China and geopolitical risks, the global slowdown and sluggish domestic exports and production activity were explicitly identified as full-year external conditions. - FY2020-Q3RestatedAnnual report
「During the first nine months of the fiscal year, the economic environment was uncertain and challenging. The global economy showed a pronounced slowdown due to the slowdown in China resulting from US-China trade tensions and rising geopolitical risks associated with the increasingly tense situation in the Middle East. Domestic exports and production activity also remained sluggish, while personal consumption showed little growth.」
US-China trade tensions, the slowdown in China, geopolitical risks associated with the increasingly tense situation in the Middle East, and sluggish domestic exports and production activity continued to be identified as a challenging external environment. - FY2020-Q2WorsenedAnnual report
「During the first six months of the fiscal year, the economic environment was uncertain and challenging. The global economy showed a pronounced slowdown due to the slowdown in China caused by prolonged and intensified US-China trade tensions and rising geopolitical risks associated with the increasingly tense situation in the Middle East, while domestic exports and production activity also remained sluggish.」
In addition to prolonged and intensified US-China trade tensions, the increasingly tense situation in the Middle East was explicitly identified, along with a slowdown in the global economy and sluggish domestic exports and production activity. - FY2020-Q1WorsenedAnnual report
「During the first quarter of the fiscal year, the economic environment was uncertain and challenging. The slowdown in China became more pronounced as US-China trade tensions intensified and prolonged, raising concerns about the impact on the global economy, while signs of stagnation in domestic exports and production also grew stronger.」
The intensification and prolongation of US-China trade tensions, the increasingly pronounced slowdown in China and growing stagnation in domestic exports and production were identified, intensifying concerns about external risks. - FY2019WorsenedAnnual report
「During the fiscal year, the domestic economy continued to recover moderately, supported by solid corporate earnings, capital investment and personal consumption. However, the outlook remained uncertain, with concerns including the impact on the global economy of prolonged US-China trade tensions, rising geopolitical risks and the increasingly evident slowdown in China.」
In addition to US-China trade tensions and geopolitical risks, the increasingly evident slowdown in China was explicitly identified, making concerns about the impact on the global economy more specific. - FY2019-Q3WorsenedAnnual report
「However, the outlook became increasingly uncertain, with concerns including the impact on the global economy of intensifying US-China trade tensions, rising geopolitical risks and the increasingly evident slowdown in China.」
In addition to the existing concerns about US-China trade tensions and geopolitical risks, the increasingly evident slowdown in China was explicitly identified, further intensifying concerns about external risks. - FY2019-Q2WorsenedAnnual report
「Signs of an economic slowdown were seen in China and emerging Asian economies, and the outlook remained uncertain, with concerns including the impact of intensifying US-China trade tensions, rising geopolitical risks and soaring crude oil prices on the economy.」
In addition to the existing concerns about geopolitical risks, intensifying US-China trade tensions and soaring crude oil prices were explicitly identified, broadening and making more specific the external risks and areas of concern. - FY2019-Q1WorsenedAnnual report
「The outlook remained uncertain, with concerns including the impact of intensifying US-China trade tensions and rising geopolitical risks on the economy, as well as a further increase in crude oil prices.」
In addition to the existing concerns about geopolitical risks, intensifying US-China trade tensions and rising crude oil prices were explicitly identified, making the external risks to the economy more specific. - FY2018RestatedAnnual 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.」
Alongside the recovery of the Chinese and other emerging Asian economies, concerns about the impact of global geopolitical risks on the economy continued to be reported. - FY2018-Q3RestatedAnnual 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.」
Concerns about the impact of global geopolitical risks on the economy continued to be reported. - FY2018-Q2RestatedAnnual 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.」
Concerns about the impact of global geopolitical risks on the economy continued to be reported, as in the previous quarter. - FY2018-Q1First statedAnnual report
「The outlook remained uncertain, with concerns including the impact of rising global geopolitical risks on the economy.」
The impact of geopolitical risks on the economy was explicitly identified as a concern for the first time. No specific losses or impact on business performance were reported.