Uncertainty in the Business Environment Due to the Economic Slowdown in China and Emerging Markets
First written in FY2017-Q2. 10 of 18 entries say "Restated". Latest entry: 2026-11-10.
Fujikura Composites moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 128 of 170 companies on the "Worse" side.
69 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「The company reported lower revenue as the automotive and housing equipment markets in China remained sluggish, while orders from local companies handling general-purpose engines and other products were weak in North America.」
It continues to explain that the automotive and housing equipment markets in China remain sluggish and that orders from some North American customers are also weak. - FY2025WorsenedAnnual report
「The Control Equipment segment remained firm in both domestic and overseas markets as inventory adjustments in the distribution channel for the core semiconductor market had nearly run their course and capital investment in AI semiconductors drove demand. Although the liquid crystal market remained sluggish, revenue increased due to a partial recovery in overseas markets. Overall, revenue increased but profit declined due to delays in launching some new products in the medical market and the impact of the weak Chinese economy.」
The weak Chinese economy is cited, together with delays in launching products in the medical market, as a factor behind higher revenue but lower profit in the industrial materials segment. - FY2023-Q3WorsenedAnnual 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.」
Market disruption caused by rising infections following the lifting of China's zero-COVID policy has been added to the existing cooling and uncertainty in the Chinese market. - FY2023-Q2MaterialisedAnnual 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.」
The cooling of the Chinese market due to the continuation of the zero-COVID policy is explicitly identified as a factor contributing to the uncertain outlook. Production cuts by major customers due to lockdowns in China are also reflected in the results. - FY2021-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, there were no new business or other risks, and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no significant new developments or changes concerning uncertainty in the business environment resulting from the slowdown in China and other emerging economies. - FY2020-Q3RestatedAnnual report
「Although inventory adjustments in the semiconductor and electronic components markets had largely run their course and orders recovered, the Coated Fabrics segment reported lower revenue and profit as demand continued to decline due to sluggish economies in Asian countries resulting from US-China trade friction and weakness in the automotive market.」
While inventory adjustments in the semiconductor and electronic components markets had largely run their course, lower demand and lower revenue and profit have continued due to US-China trade friction, weak Asian economies and weakness in the automotive market. - FY2020-Q2WorsenedAnnual report
「The Coated Fabrics segment reported lower revenue and profit as demand for automotive products, acoustic products and high-heat-resistant sheets declined due to sluggish exports resulting from the economic slowdown in Asian countries and weakness in the semiconductor market.」
The economic slowdown in Asian countries, not only China, led to lower demand for multiple products through sluggish exports, resulting in lower revenue and profit. - FY2019MaterialisedAnnual report
「The Industrial Products segment reported lower profit despite generally strong domestic performance in areas such as automobiles, housing equipment and capital investment, because overseas operations were affected by inventory adjustments at North American auto parts manufacturers and the slowdown in the Chinese market, in addition to rising material and freight costs.」
The slowdown in the Chinese market is reflected in the industrial products segment's annual results as a factor behind lower profit. - FY2019-Q3RestatedAnnual report
「The outlook for the economy remains uncertain due to uncertainty over the UK's negotiations to leave the EU and concerns about overseas economies resulting from US-China trade friction.」
In addition to the slowdown in the Chinese market, uncertainty in overseas economies resulting from the UK's EU withdrawal negotiations and US-China trade friction has continued. - FY2019-Q2MaterialisedAnnual report
「The Industrial Products segment was generally strong in Japan across automobiles, housing equipment and capital investment-related products, but reported lower profit due to the impact of inventory adjustments at North American auto parts manufacturers and the slowdown in the Chinese market.」
The slowdown in the Chinese market is reflected in the industrial products segment's lower profit as a factor. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no new risks, and no material changes to existing risks.」
It states that there have been no significant new developments or changes concerning uncertainty in the business environment resulting from the slowdown in China and other emerging economies. - FY2018-Q3RestatedAnnual report
「During the nine months ended December 2020, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the preceding fiscal year.」
It states that there have been no significant new developments or changes concerning uncertainty in the business environment resulting from the slowdown in China and other emerging economies. - FY2018-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, there were no new business or other risks, and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no significant new developments or changes concerning uncertainty in the business environment resulting from the slowdown in China and other emerging economies. - FY2017RestatedAnnual report
「However, uncertainty in the global economy has increased due to the slowdown in China and other emerging economies, as well as significant financial market volatility following the US presidential election, and the outlook remains uncertain.」
It continues to cite uncertainty in the global economy resulting from the slowdown in China and other emerging economies and financial market volatility. - FY2017-Q3WorsenedAnnual report
「However, uncertainty in the global economy has increased due to the slowdown in China and other emerging economies, as well as significant financial market volatility following the US presidential election, and the outlook remains uncertain.」
It explains that the slowdown in China and other emerging economies, together with significant financial market volatility following the US presidential election, has increased uncertainty in the global economy. - FY2017-Q2First statedAnnual report
「However, conditions remained uncertain, owing to the rapid appreciation of the yen and the economic slowdown in emerging markets, including China.」
The company has identified, for the first time, an economic slowdown in emerging markets, including China, as a factor making the business environment uncertain.