Growing uncertainty in overseas operating conditions amid concerns over intensifying trade policies worldwide
First written in FY2019-Q1. 10 of 17 entries say "Restated". Latest entry: 2026-08-10.
Fujikura Composites moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 108 of 135 companies on the "Worse" side.
68 other companies' latest entry also says "Restated".
- 2026-08-10RestatedResults
「当第１四半期連結累計期間における世界経済は、依然として沈静化の兆しが見えない地政学的リスクを背景に、各国の関税政策の影響や輸出規制なども加わり、サプライチェーンへの影響が増しております。」
各国の関税政策と輸出規制が海外経済・サプライチェーンへ影響するとの説明を再掲している。 - FY2026WorsenedAnnual report
「The effects on supply chains have increased as the impact of tariff policies in various countries and export controls has been added.」
Trade policy risks have expanded beyond tariff policies to include export controls, increasing the impact on supply chains. - 2026-05-11WorsenedResults
「今後の経済見通しについては、依然として沈静化の兆しが見えない地政学的リスクを背景に、各国の関税政策の影響や輸出規制なども加わり、サプライチェーンへの影響が増しており、引き続き注視していく必要があります。」
海外事業環境の不透明要因として、関税政策に加えて輸出規制が継続的に記載された。 - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, the impact on supply chains continued amid geopolitical risks that still showed no sign of abating, compounded by the effects of tariff policies in various countries.」
The company has reiterated that the effects of tariff policies in various countries on overseas economies and supply chains are continuing. - FY2025WorsenedAnnual report
「During the consolidated fiscal year, concerns increased that, in addition to geopolitical risks such as conflicts in the Middle East, tariff policies in various countries would have a significant impact on global supply chains.」
In addition to the existing uncertainty surrounding trade policy and geopolitical conditions, the company has explicitly warned of the impact on supply chains from tariff policies in various countries. - FY2024RestatedAnnual report
「In Japan, inbound demand is performing well and supply chains are returning to normal, but the environment surrounding companies is changing significantly because of labour shortages, wage increases, higher interest rates and other factors, testing their ability to respond.」
In addition to the existing uncertainty in overseas economies, the company describes changes in the corporate environment, including labour shortages, wage increases and higher interest rates. - FY2024-Q3WorsenedAnnual report
「During the cumulative nine-month period of the current third quarter, the global economy saw increased economic activity, but geopolitical risks, including Russia's invasion of Ukraine and conflicts in the Middle East, posed a threat to global supply chains.」
In addition to the existing uncertainty in overseas economies, geopolitical risks, including conflict in the Middle East, were identified as threats to global supply chains. - FY2023-Q3RestatedAnnual report
「During the nine-month period of the third quarter of the fiscal year, the global economy gradually showed signs of normalisation and revitalisation of economic activity. However, the uncertain outlook remains unchanged due to lost opportunities resulting from labour shortages, higher raw material costs caused by Russia's invasion of Ukraine, which shows no sign of ending, disruption in the Chinese market as infections increased following the lifting of the zero-COVID policy, and rising prices in Japan resulting from the yen's depreciation.」
Although economic activity is normalising, the company continues to explain that the outlook remains uncertain because of the invasion of Ukraine, turmoil in the Chinese market, yen depreciation, rising prices and other factors. - FY2023-Q2WorsenedAnnual report
「During the nine-month period of the second quarter of the fiscal year, the Japanese economy showed signs of normalisation and revitalisation of economic activity as restrictions were eased through the resumption of accepting foreign tourists and travel support measures. However, the outlook remains uncertain due to rising prices resulting from the yen's depreciation, higher raw material costs caused by Russia's prolonged invasion of Ukraine, and the cooling of the Chinese market as the zero-COVID policy continued.」
In addition to the existing uncertainty in overseas economies, the company describes the continuing prolongation of Russia's invasion of Ukraine, rising prices caused by yen depreciation, and the cooling of the Chinese market. - FY2021-Q1WorsenedAnnual report
「Overseas, economic activity was restricted by measures such as stay-at-home orders in various countries and the suspension of business operations, and the economy deteriorated. The outlook also remains uncertain.」
In addition to the existing trade policy and EU withdrawal negotiations, the company described the deterioration and uncertainty in overseas economies caused by stay-at-home orders in various countries and the suspension of business operations. - FY2020-Q3RestatedAnnual report
「However, the outlook for the economy has become more uncertain because of the effects of US-China trade friction and negotiations on the UK's withdrawal from the EU.」
The company continues to describe the uncertainty in overseas economies arising from US-China trade friction and negotiations on the UK's withdrawal from the EU. - FY2020-Q2RestatedAnnual report
「The economy has been slowing because of US-China trade friction, the continuing lack of clarity over negotiations on the UK's withdrawal from the EU and other factors, and uncertainty about the outlook has increased.」
The company continues to identify US-China trade friction and uncertainty surrounding negotiations on the UK's withdrawal from the EU as factors behind the slowdown and uncertainty in overseas economies. - FY2020-Q1RestatedAnnual report
「However, the outlook for the economy remains uncertain because negotiations on the UK's withdrawal from the EU remain uncertain and US-China trade friction has continued.」
The company continues to describe the uncertainty in overseas economies arising from uncertainty surrounding negotiations on the UK's withdrawal from the EU and US-China trade friction. - FY2019RestatedAnnual report
「However, the outlook for the economy remains uncertain because of uncertainty surrounding negotiations on the UK's withdrawal from the EU and concerns about overseas economies arising from US-China trade friction.」
The company continues to describe the uncertainty in overseas economies arising from negotiations on the UK's withdrawal from the EU and US-China trade friction. - FY2019-Q3RestatedAnnual report
「However, the outlook for the economy remains uncertain because of uncertainty surrounding negotiations on the UK's withdrawal from the EU and concerns about overseas economies arising from US-China trade friction.」
The previous concerns over US-China trade policies continue, while uncertainty surrounding negotiations on the UK's withdrawal from the EU is also identified as a factor contributing to uncertainty in overseas economies. - FY2019-Q2RestatedAnnual report
「However, concerns about overseas economies arising from US-China trade policies remain, and the outlook for the economy continues to be uncertain.」
The concern over trade policies indicated in the previous quarter continues to be described as concern about overseas economies arising from US-China trade policies. - FY2019-Q1First statedAnnual report
「Overseas, uncertainty remains due to concerns about intensifying trade policies in various countries and crude oil risks in the Middle East.」
The company has for the first time explicitly identified concerns over intensified trade policies in various countries as a factor contributing to uncertainty in overseas business conditions. It also states in the business and other risks section that there are no new risks or significant changes.