Uncertainty over the overseas economy due to a downturn in emerging market economies and the UK's withdrawal from the EU
First written in FY2017-Q1. 19 of 31 entries say "Worsened", first in FY2019-Q1. Latest entry: 2026-11-06.
JFE Holdings moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 43 of 50 companies on the "Worse" side.
17 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「During the current consolidated fiscal year, domestic and overseas economies recovered gradually, despite the impact of the slowdown in the Chinese economy, US trade policy and other factors. However, uncertainty about the outlook has recently increased due to the impact of heightened tensions in the Middle East and other factors.」
The slowdown in the Chinese economy, US trade policy and heightened tensions in the Middle East were identified as factors contributing to uncertainty about the outlook. - 2026-05-08WorsenedFinancial results presentation
「地政学リスクは極めて不透明な状況」
従来の海外経済・地政学リスクについて、中東情勢の緊迫化を含む極めて不透明な状況として示した。 - FY2025WorsenedAnnual report
「During the current consolidated fiscal year, domestic and overseas economies were gradually recovering, but some areas stagnated due to the continued stagnation of the Chinese economy, labor shortages and other factors. In addition, uncertainty about the outlook increased due to rising prices, the impact of US trade policy and other factors.」
In addition to the previous stagnation of the Chinese economy and geopolitical risks, labor shortages, rising prices and the impact of US trade policy were identified as factors contributing to uncertainty in domestic and overseas economies. - FY2025-H1WorsenedAnnual report
「During the current interim consolidated accounting period, domestic and overseas economies were generally recovering gradually, but some areas stagnated due to the continued stagnation of the Chinese economy, expanding geopolitical risks, labor shortages and other factors.」
The continued stagnation of the Chinese economy, expanding geopolitical risks and labor shortages were identified as factors causing stagnation in domestic and overseas economies. - FY2024WorsenedAnnual report
「The outlook is expected to remain uncertain due to the stagnation of the Chinese economy, the prolonged Russian invasion of Ukraine, worsening conditions in the Middle East and other factors.」
The company indicated that overseas economic and geopolitical risks, including worsening conditions in the Middle East, would continue, in addition to the previous stagnation of the Chinese economy and the situation in Ukraine. - FY2024-Q2WorsenedAnnual report
「Looking ahead, concerns include the risk that downturns in overseas economies, such as global monetary tightening and stagnation in the Chinese economy, will weigh on the domestic economy, as well as the impact of rising prices, exchange-rate fluctuations and other factors.」
In addition to the previous uncertainty in overseas economies, global monetary tightening, stagnation in the Chinese economy, inflation and exchange-rate fluctuations were identified as risks to the outlook. - FY2023WorsenedAnnual report
「The prolonged situation in Ukraine, restrictions on economic activity in China, rising global inflation concerns and the depreciation of the yen resulted in impacts including higher prices and supply-side constraints.」
The factors contributing to uncertainty in overseas economies emerged in the business environment as the situation in Ukraine, restrictions on economic activity in China, inflation, the depreciation of the yen and supply constraints. - FY2023-Q3WorsenedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, domestic and overseas economies generally continued to recover from the downturn caused by COVID-19. However, the prolonged situation in Ukraine, restrictions on economic activity in China, rising global inflation concerns and the depreciation of the yen resulted in impacts including higher prices and supply-side constraints.」
The situation in Ukraine, restrictions on economic activity in China, inflation, the depreciation of the yen and supply constraints were cited as factors contributing to uncertainty in overseas economies, and their impact on the business environment emerged. - FY2023-Q2WorsenedAnnual report
「During the first 2 quarters of the current consolidated fiscal year, domestic and overseas economies generally continued to recover from the downturn caused by COVID-19. However, the prolonged situation in Ukraine, restrictions on economic activity in China, rising global inflation concerns and the rapid depreciation of the yen resulted in impacts including higher prices and supply-side constraints.」
The prolonged situation in Ukraine, restrictions on economic activity in China, inflation, the rapid depreciation of the yen and supply constraints were cited as factors contributing to uncertainty in overseas economies, and their impact on the business environment emerged. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the fiscal year, the Japanese and overseas economies generally continued to recover from the downturn caused by COVID-19. However, the prolonged situation in Ukraine and restrictions on economic activity in China affected production activity in some industries through soaring resource prices and supply constraints.」
The prolonged situation in Ukraine and restrictions on economic activity in China continued as factors contributing to uncertainty in overseas economies, while the impact on production activities from surging resource prices and supply constraints became more apparent. - FY2022WorsenedAnnual report
「In addition, the surge in raw material prices has accelerated amid the situation in Ukraine, raising concerns that the period of uncertainty about the outlook will be prolonged.」
The uncertainty in overseas economies was compounded by surging raw material prices resulting from the situation in Ukraine and concerns that the uncertainty would be prolonged. - FY2021-Q3MitigatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, Japan's economy remained in a difficult situation due to the impact of COVID-19, although signs of a recovery were seen in exports and personal consumption. Overseas economies also remained generally difficult, but the economy recovered early in China, while signs of a recovery were also seen in the United States.」
While the domestic economy remained difficult, exports and personal consumption showed signs of recovery, and the Chinese and US economies also showed signs of recovery. - FY2020WorsenedAnnual report
「Over the medium to long term, competition is expected to intensify further, as demand in the domestic market is expected to decline against a backdrop including population decline, while overseas markets face concerns including expanded steel production capacity in emerging-market economies and increased exports resulting from declining domestic demand in China.」
Uncertainty in overseas economies expanded beyond trade friction and downturns in emerging-market economies to intensifying medium- to long-term competition due to increased exports resulting from declining domestic demand in China and expanded production capacity in emerging-market economies. - FY2020-Q3WorsenedAnnual report
「Although the US economy remained on a gradual recovery trend, economic conditions in Asia and Europe weakened due to global trade friction caused by protectionist policies, the impact of developments surrounding the UK's withdrawal from the EU and other factors.」
The weakness in economic conditions in Asia and Europe became more apparent due to trade friction and the impact of developments surrounding the UK's withdrawal from the EU. - FY2020-Q2WorsenedAnnual report
「Although the US economy remained on a gradual recovery trend, some parts of Asia and Europe showed weakness due to intensifying global trade friction caused by protectionist policies, the impact of developments surrounding the UK's withdrawal from the EU and other factors.」
The company states that some parts of Asia and Europe showed weakness due to global trade friction and the impact of developments surrounding the UK's withdrawal from the EU, making the uncertainty and downside risks facing overseas economies more apparent. - FY2020-Q1WorsenedAnnual report
「Although overseas economies generally remained on a gradual recovery trend led by the United States, uncertainty about the outlook increased further due to intensifying global trade friction caused by protectionist policies, downside risks to emerging-market economies including China, developments surrounding the UK's withdrawal from the EU and other factors.」
The company states that uncertainty about the outlook for overseas economies increased further due to global trade friction, a downturn in emerging-market economies and developments surrounding the UK's withdrawal from the EU. - FY2019-Q3WorsenedAnnual report
「Although overseas economies generally remained on a gradual recovery trend led by the United States, uncertainty about the outlook increased due to intensifying global trade friction caused by protectionist policies, downside risks to emerging-market economies including China, geopolitical risks and other factors.」
The company states that uncertainty about the outlook for overseas economies increased due to intensifying trade friction, downside risks to emerging-market economies and geopolitical risks. - FY2019-Q2RestatedAnnual report
「Although overseas economies generally remained on a gradual recovery trend led by the United States, the outlook remained uncertain due to intensifying global trade friction caused by protectionist policies, downside risks to emerging-market economies including China, rising geopolitical risks and other factors.」
The company has reaffirmed the uncertainty in overseas economies caused by global trade friction, a downturn in emerging-market economies and geopolitical risks. - FY2019-Q1WorsenedAnnual report
「Although overseas economies generally remained on a gradual recovery trend led by the United States, the outlook remained uncertain due to intensifying global trade friction caused by protectionist policies, downside risks to emerging-market economies including China, rising geopolitical risks and other factors.」
Intensifying global trade friction caused by protectionist policies was identified as an additional risk factor for overseas economies, along with the previously cited policy uncertainty and other factors. - FY2018RestatedAnnual report
「Although overseas economies continued to face uncertainty over their outlook due to uncertainty over economic policies in Europe and the United States, downside risks to the Chinese economy, rising geopolitical risks and other factors, they generally remained on a gradual recovery trend led by the United States.」
The company has reaffirmed the uncertainty caused by policy uncertainty in overseas economies, a downturn in the Chinese economy and geopolitical risks, as well as the gradual recovery trend led by the United States. - FY2018-Q3RestatedAnnual report
「Although overseas economies continued to face uncertainty over their outlook due to uncertainty over economic policies in Europe and the United States, downside risks to the Chinese economy, rising geopolitical risks and other factors, they generally remained on a gradual recovery trend led by the United States.」
The company has reaffirmed the uncertainty caused by uncertainty over economic policies in Europe and the United States, a downturn in the Chinese economy and geopolitical risks, as well as the gradual recovery trend led by the United States. - FY2018-Q2RestatedAnnual report
「Although overseas economies continued to face uncertainty over their outlook due to uncertainty over economic policies in Europe and the United States, downside risks to the Chinese economy, rising geopolitical risks and other factors, they generally remained on a gradual recovery trend led by the United States.」
The company has reaffirmed both the uncertainty in overseas economies caused by uncertainty over economic policies in Europe and the United States, a downturn in the Chinese economy and geopolitical risks, and the gradual recovery trend. - FY2018-Q1ReframedAnnual report
「Although overseas economies, particularly those led by the United States, showed a generally gradual recovery, uncertainty about the outlook continued due to uncertainty over economic policies in Europe and the United States, downside risks to the Chinese economy, rising geopolitical risks and other factors.」
The factors contributing to uncertainty in overseas economies have shifted from a focus on policy changes in the UK and US to a framework comprising policy uncertainty in Europe and the United States, a downturn in the Chinese economy and geopolitical risks. - FY2017ReframedAnnual report
「Although overseas economies, particularly developed economies led by the United States, showed a gradual recovery, uncertainty remained high due to economic policy changes taking shape in the UK and the US, downside risks to the Chinese economy and other factors.」
The factors contributing to uncertainty in overseas economies have shifted to a framework that explicitly includes downside risks to the Chinese economy, in addition to changes in economic policies in the UK and US. - FY2017-Q3ReframedAnnual report
「Although overseas economies, particularly those of developed countries led by the United States, showed signs of recovery, uncertainty remained high due to economic policy changes taking shape in the UK and the US, downside risks to emerging-market economies and other factors.」
The factors contributing to uncertainty in overseas economies have shifted from the UK's withdrawal from the EU to a framework including changes in economic policies in the UK and US and downside risks to emerging-market economies. - FY2017-Q2RestatedAnnual report
「Overseas economies remain highly uncertain due to downside risks to emerging-market economies and the impact of the UK's decision to withdraw from the EU, among other factors.」
Uncertainty in overseas economies due to downside risks to emerging-market economies and the impact of the UK's withdrawal from the EU has continued. - FY2017-Q1First statedAnnual report
「Overseas economies became increasingly uncertain due to downside risks to emerging-market economies and the impact of the UK's withdrawal from the EU, among other factors.」
Downside risks to emerging-market economies and the impact of the UK's withdrawal from the EU were identified for the first time as sources of uncertainty in the overseas business environment.