Risk of lower product demand due to the global economy and financial instability
First written in FY2018. 5 of 7 entries say "Worsened", first in FY2020. Latest entry: FY2026.
Dexerials moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 129 of 170 companies on the "Worse" side.
59 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「During the current period, from 1 April 2025 to 31 March 2026, the global economy remained uncertain. Geopolitical risks increased due to the effects of various policies by the U.S. administration, including reciprocal tariffs, the protracted Russia-Ukraine situation and rising tensions in the Middle East, while unstable exchange-rate movements also continued.」
Tariff policies, prolonged wars, the situation in the Middle East and exchange-rate instability were identified as additional sources of uncertainty for the global economy and demand environment. - FY2024WorsenedAnnual report
「In the consumer IT products market served by our products, smartphone shipments in Europe and the United States continued to stagnate, while the Chinese market showed signs of recovery. Although the inventory adjustment for notebook PCs and tablets that had continued from the previous fiscal year was completed, end demand recovered only weakly and difficult conditions continued.」
While the Chinese market showed signs of recovery, the company reported stagnation in the European and US smartphone markets, weak end demand for notebook PCs and tablets, and heightened geopolitical risks, including conflicts in the Middle East. - FY2023MaterialisedAnnual report
「In the consumer IT products market, one of the major industries served by our products, the business environment was challenging. Smartphone production declined because customer factories in China were shut down, while notebook PCs and tablets underwent substantial inventory adjustments due to concerns about an economic recession.」
The slowdown in the global economy, factory shutdowns in China and concerns about an economic recession were reflected in actual demand conditions through lower smartphone production and inventory adjustments for notebook PCs and tablets. - FY2022WorsenedAnnual report
「In addition, uncertainty about the outlook has increased further due to the semiconductor shortage, supply-chain disruptions, exchange-rate fluctuations, and rising geopolitical risks, including tensions between the United States and China and the situation involving Russia and Ukraine.」
In addition to COVID-19 and other factors, the company identified the semiconductor shortage, supply-chain disruptions, higher resource prices, and the situation involving Russia and Ukraine as additional sources of uncertainty. - FY2021WorsenedAnnual report
「For the following consolidated fiscal year, from 1 April 2021 to 31 March 2022, the economic recovery trend is expected to continue as the Chinese economy recovers and economic activity resumes in Japan, while the impact of COVID-19 on demand for finished products continues. However, concerns remain about the global semiconductor shortage, the impact of US-China trade friction, and the further spread or prolonged duration of infectious diseases in Japan and overseas, and the economic outlook is expected to remain uncertain.」
In addition to COVID-19, US-China trade friction and the further spread of infectious diseases, the global semiconductor shortage was identified as a new concern, and uncertainty about the outlook continued. - FY2020WorsenedAnnual report
「The global economy slowed rapidly as economic activity was constrained by the US-China trade friction, the UK's withdrawal from the EU, and the global spread of COVID-19 from the beginning of 2020.」
In addition to the existing risks related to the global economy and financial instability, the company explicitly identified the suppression of economic activity caused by COVID-19 and the rapid global economic slowdown. - FY2018First statedAnnual report
「The Group is actively expanding its global operations in countries around the world. As a result, global economic conditions and financial instability have a significant impact on demand for the Group's products.」
The company disclosed the risk of declining demand due to slowdowns in major economic regions, including emerging markets, financial instability, and the failure or termination of economic stimulus measures.