Changes in Economic Conditions, Exchange Rates, Political Conditions and Laws and Regulations in Overseas Markets

「However, if the surge in crude oil prices associated with escalating tensions in the Middle East continues for an extended period, there are concerns that it could lead to a global economic downturn, and the outlook remains uncertain.」

「Due to the impact of foreign-exchange losses, ordinary profit was ¥922 million, down 4.5% year on year, and interim net profit attributable to owners of the parent was ¥506 million, down 12.1% year on year.」

「During the interim consolidated accounting period, the Japanese economy was on a gradual recovery trend as efforts to normalize economic activity progressed, but prices remained elevated, and the exchange rate fluctuated significantly due to differences in the monetary-policy stances of Japan and the United States. In the global economy, amid an inflationary trend, concerns about a recession in the United States increased, while China continued to experience declining prices and a delayed recovery in consumption, leaving the outlook subject to continued uncertainty.」

「In the global economy, inflationary pressures persist, while expectations for interest-rate cuts in the US have receded. Although China's economy is on a recovery trend, falling prices and delayed recovery in consumption continue, and factors contributing to an uncertain outlook remain.」

「The Group's overseas sales, mainly in Asia including China and Southeast Asia, were ¥11,492 million for the fiscal year ended February 2023 and ¥12,947 million for the fiscal year ended February 2024, accounting for 37.9% and 40.6% of total sales, respectively.」

「In the global economy, inflation has been moderating, while the effects of monetary tightening are becoming apparent in the U.S. economy and concerns over the outlook for China have emerged due to its property problems and the waning effects of economic stimulus. The yen has begun to reverse its previous depreciation trend as markets anticipate shifts in Japanese and U.S. monetary policy.」

「In the global economy, inflation was moderating, but the US economy remained firm, the interest-rate differential widened and the yen continued to weaken. In China, concerns emerged over the real estate market and the economic outlook.」

「In the global economy, inflation has been moderating as a result of rapid monetary tightening, but adverse effects on the economy have also emerged, including the failure of several financial institutions in Europe and the United States.」

「In the global economy, the prolonged conflict in Ukraine has fueled global inflation. As inflationary pressures became more pronounced, the United States and European countries shifted toward tighter monetary policy, but in the United States the pace of interest-rate hikes slowed amid expectations that inflation would moderate from November onward. Against this financial backdrop, the dollar-yen exchange rate fluctuated sharply.」

「In the global economy, the prolonged conflict in Ukraine is fueling global inflation. In addition, differences in monetary policy between Japan and the United States have caused the yen to depreciate sharply.」

「In the global economy, the prolonged conflict in Ukraine and lockdowns in China are fueling global inflation. In addition, differences in monetary policy between Japan and the United States have caused the yen to depreciate sharply.」

「The Group's overseas sales, mainly in Asia including China and Southeast Asia, were ¥8,841 million for the fiscal year ended February 2021 and ¥10,484 million for the fiscal year ended February 2022, accounting for 36.1% and 38.4% of total sales, respectively. Economic fluctuations, changes in currency values, political developments, the occurrence of disasters and epidemics, and changes in laws and regulations in these overseas markets, among other factors, may affect the Group's performance and financial condition.」

「Although overseas economies are generally on a recovery trend, it remains difficult to assess the outlook due to factors including the shift in US monetary policy toward tightening and concerns about an economic slowdown stemming from debt and energy issues in China.」

「Overseas, vaccination programs progressed in countries including China, the United States and Europe, and economies were moving toward normalization. However, shortages of semiconductors, shipping containers and other items that arose in the process constrained production activity, resulting in uneven recovery in terms of both extent and speed across regions, industries and business formats.」

「The Group's overseas sales, mainly in Asia including China and Southeast Asia, were ¥9,517 million for the fiscal year ended February 2020 and ¥8,841 million for the fiscal year ended February 2021, accounting for 35.2% and 36.1% of total sales, respectively. Economic fluctuations, changes in currency values, political developments, the occurrence of disasters and epidemics, and changes in laws and regulations in these overseas markets, among other factors, may affect the Group's performance and financial condition.」

「Ordinary profit was ¥24 million, down 93.7% year on year, due to foreign-exchange losses at overseas consolidated subsidiaries resulting from the depreciation of emerging-market currencies caused by deterioration in the global economy, a sharp decline in crude oil prices and other factors.」

「Overseas sales of the Group's products, mainly in Asia including Southeast Asia and China, were ¥10,790 million for the fiscal year ended February 2019 and ¥9,517 million for the fiscal year ended February 2020, accounting for 37.5% and 35.2% of total sales, respectively. Economic fluctuations, changes in currency values, political developments, the occurrence of disasters and epidemics, and changes in laws and regulations in these overseas markets, among other factors, may affect the Group's performance.」

「Japan's economy lacks strength despite domestic automobile production remaining at approximately the previous year's level, due to sluggish domestic demand. Downside risks to the global economy are also increasing because of escalating US-China trade friction, and the slowdown in the Chinese economy is affecting the earnings of Japanese companies.」

「Although domestic automotive production in Japan remained firm, the Japanese economy lacked strength due to sluggish domestic demand. In the global economy, downside risks increased as US-China trade friction intensified, and China's economic slowdown also affected corporate performance.」

「Although domestic automotive production in Japan remained firm, the Japanese economy lacked strength due to sluggish domestic demand. In the global economy, downside risks increased as US-China trade friction intensified, and China's economic slowdown also affected corporate performance.」

「Overseas sales of the Group's products, mainly in Asia including Southeast Asia and China, were ¥10,744 million for the fiscal year ended February 2018 and ¥10,790 million for the fiscal year ended February 2019, accounting for 38.5% and 37.5% of total sales, respectively. Economic fluctuations, changes in currency values, political developments and changes in laws and regulations in these overseas markets, among other factors, may affect the Group's performance.」

「Overseas economies are becoming increasingly unstable due to factors including the US-China trade war and capital outflows from emerging markets caused by US interest-rate hikes, raising concerns over an economic slowdown ahead.」

「Segment profit was ¥215 million, down 12.7% year on year, due to a higher cost ratio resulting from the depreciation of the Indonesian rupiah and the recognition of start-up expenses at the Indian subsidiary, among other factors.」

「Segment profit was ¥112 million, down 14.2% year on year, due to a higher cost ratio resulting from the depreciation of the Indonesian rupiah against the US dollar and the recognition of start-up expenses at the Indian subsidiary, among other factors.」

「Overseas sales of the Group's products, mainly in Asia including Southeast Asia and China, were ¥9,772 million for the fiscal year ended February 2016 and ¥10,081 million for the fiscal year ended February 2017, accounting for 37.2% and 37.8% of total sales, respectively. Economic fluctuations, changes in currency values, political developments and changes in laws and regulations in these overseas markets, among other factors, may affect the Group's performance.」