Demand fluctuations caused by economic conditions in Japan and overseas

「通期の業績予想につきましては、エンバイロメント事業の自動車関連製品では、中国市場を始め弱さが見られるも、当社製品需要は堅調な推移を見込む他、」

「Although adverse effects from tariff policies are expected to spread to the global economy and slow economic activity, it remains difficult to forecast the scale of their impact.」

「China's economy remained stagnant against a backdrop of a prolonged property market downturn and difficult employment conditions.」

「Meanwhile, China's economy remained stagnant against a backdrop of a prolonged property market downturn and difficult employment conditions. The outlook for the economy remains highly uncertain due to continuing geopolitical tensions overseas and concerns about rising prices and energy costs.」

「Overseas, although China's economic recovery slowed amid stagnation in the property market, consumption remained firm mainly in the United States and the economy recovered moderately. However, the outlook remains uncertain due to prolonged global monetary tightening, developments in China's economy, and conditions in the Middle East and Ukraine.」

「Overseas, although China's economic recovery stalled amid stagnation in the property market, consumption recovered mainly in the United States and the economy recovered moderately. However, the outlook remains uncertain due to the economic slowdown resulting from prolonged global monetary tightening and developments in the Chinese economy.」

「During the first quarter of the current consolidated fiscal year, the Japanese economy showed signs of recovery as economic and social activity normalized following the reclassification of COVID-19 as a Class 5 infectious disease. Overseas, although the economic recovery stalled in some parts of Europe, consumption recovered in the United States, China and elsewhere, and the economy recovered moderately. However, concerns remain that prolonged monetary tightening in response to globally rising prices will slow economic activity, and the outlook remains uncertain.」

「Overseas, economic activity resumed gradually in various countries and the economy recovered moderately, but monetary tightening caused declining demand and a downturn in the global economy to emerge.」

「During the first three quarters of the current consolidated fiscal year, the Japanese economy showed signs of a moderate recovery as economic and social activity normalized under the “with COVID-19” environment, despite the effects of globally rising prices. Overseas, although the spread of COVID-19 and deterioration of the situation in Ukraine caused the economic recovery to stall in China and Europe, economic activity resumed gradually in various countries and the economy recovered moderately. However, the global monetary tightening has begun to slow economic activity, and the effects of restrained capital investment and declining demand amid worsening business confidence are also emerging. The outlook therefore remains uncertain.」

「Overseas, although the economic recovery stalled mainly in China, economic activity resumed gradually in various countries and the economy recovered moderately. However, in addition to the continuing deterioration of the situation in Ukraine and concerns about a global recession resulting from prolonged monetary tightening, the effects of slowing semiconductor demand have emerged, and the outlook remains uncertain.」

「However, the situation in Ukraine remains prolonged and supply chain disruption continues. In addition, concerns are emerging about an economic slowdown caused by global inflation and a rapid increase in COVID-19 infections, increasing uncertainty about the outlook.」

「While the end of COVID-19 remains unforeseeable, the prolonged escalation of raw material prices and supply chain disruption caused by the increasingly tense situation in Ukraine are expected to keep conditions uncertain.」

「Although the gradual easing of restrictions on activity resulting from the spread of COVID-19 led to signs of an economic recovery, disruption to supply chains caused by the prolonged global shortage of semiconductors and soaring raw material prices continues. New variants that could pose a further threat have also been identified, and the global economy is expected to remain uncertain.」

「Overseas, economic conditions in advanced Western countries, where vaccination has progressed relatively further, recovered as restrictions on activity were eased, but the effects of COVID-19 variants remain significant. Uncertainty also continues due to the global semiconductor shortage, rising material and energy prices, the slowdown in China's economy, and concerns about renewed spread of infections, including in advanced countries.」

「During the first quarter of the current consolidated fiscal year, the Japanese economy showed signs of bottoming out as COVID-19 vaccinations progressed and measures were taken to prevent the spread of infections, but conditions remain difficult, including the reissuance of a state of emergency. Overseas, economic activity resumed gradually in the United States and Europe, with signs of an economic recovery, while China's economy recovered moderately as it moved early to normalize economic activity after the COVID-19 pandemic. However, in some Asian countries, difficulties in containing the spread of infections continue due to delays in vaccine distribution, increasing uncertainty surrounding the economic recovery.」

「Overseas, China's economy recovered rapidly, while economic conditions remained weak in the United States and Europe due to restrictions on economic activity.」

「During the first three quarters of the current consolidated fiscal year, the Japanese economy showed signs of recovery due to the effects of measures to prevent the spread of COVID-19 and improvements in overseas economies. However, conditions remain difficult as the spread of infections worsened toward the end of the year and a state of emergency was declared. Overseas, while China's economy recovered rapidly, economic activity was restrained in the United States and Europe, resulting in weak economic conditions, and the global economy is expected to remain uncertain.」

「While China's economy continued to recover, infections resurged in Europe, and the outlook for the global economy remains uncertain.」

「During the first quarter of the current consolidated fiscal year, the Japanese economy contracted as the spread of COVID-19 reduced personal consumption and corporate performance deteriorated. Overseas, economic activity was restricted by lockdowns in the United States, Europe and elsewhere, severely affecting economies, while China's economy began to recover as economic activity fully resumed.」

「During the current consolidated fiscal year, the Japanese economy moved from moderate growth supported by improvements in employment and income conditions to negative growth in the fourth quarter following the spread of COVID-19. Overseas economies also remained supported by favorable employment conditions and monetary easing, but economic activity was restrained in the fourth quarter and the global economy deteriorated rapidly.」

「Overseas, while the recovery trend continued mainly in the United States, economic growth in China slowed and the economy showed signs of deceleration.」

「Overseas, while the recovery trend continued mainly in the United States, economic growth in China slowed and the economy showed signs of deceleration.」

「Demand for products manufactured and sold by the group is significantly affected by economic fluctuations in Japan and overseas. Economic fluctuations in Japan and overseas could adversely affect the group's business performance and financial condition.」