Uncertainty over the outlook due to a stronger yen, slowing overseas economies, the UK's withdrawal from the EU, and geopolitical risks
First written in FY2017-Q1. 16 of 35 entries say "Worsened", first in FY2019-Q1. Latest entry: 2026-10-16.
Dijet Industrial moved to the "Worse" side of this theme in 2016, 2 years before the typical company in this theme (2018).
The whole theme swung hardest in 2022: 19 of 22 companies on the "Worse" side.
9 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In the machine tool industry, production of machine tools increased year on year during the current consolidated fiscal year. However, the impact of soaring resource prices and supply concerns associated with heightened tensions in the Middle East and China's export restrictions remains a matter requiring close attention.」
In addition to the previous geopolitical and trade-policy risks, soaring resource prices and supply concerns associated with China's export restrictions have been explicitly identified. - 2026-05-15WorsenedRevision of earnings forecasts
「It is necessary to closely monitor higher resource prices resulting from escalating tensions in the Middle East and developments surrounding U.S.-China trade policies, among other factors, and uncertainty about the economic outlook has increased further.」
The disclosure states that uncertainty about the economic outlook has increased further, alongside references to the situation in the Middle East, resource prices, and U.S.-China trade policies. - FY2025WorsenedAnnual report
「In addition, in the business environment surrounding the Group, concerns over a slowdown in exports and production in the automotive and other industries have increased due to the impact of higher US tariffs, requiring attention.」
In addition to the previous geopolitical risks, a slowdown in the Chinese economy, yen depreciation and rising prices, concerns over a slowdown in exports and production due to higher US tariffs have been explicitly identified. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
The company reaffirms that there have been no material changes in the occurrence of major risks or in the business and other risks for the previous fiscal year. - FY2024WorsenedAnnual report
「In Japan's industrial sector, a gradual economic recovery is expected as social and economic activity normalizes. However, close attention is required regarding the impact of the prolonged Russia-Ukraine situation, the situation in the Middle East, rising raw-material and energy prices, concerns over a slowdown in the Chinese economy and other factors, and the uncertain business environment is expected to continue.」
In addition to the previous concerns over geopolitical risks, raw-material prices and the Chinese economy, the situation in the Middle East is explicitly identified, and the uncertain external environment continues. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company reaffirms that there have been no material changes in the occurrence of major risks or in the business and other risks for the previous fiscal year. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company reaffirms that there have been no material changes in the occurrence of major risks or in the business and other risks for the previous fiscal year. - FY2024-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company reaffirms that there have been no material changes in the occurrence of major risks or in the business and other risks for the previous fiscal year. - FY2023WorsenedAnnual report
「Amid the gradual easing of activity restrictions related to the novel coronavirus, and under the conditions of living with COVID-19, the Group continued to expand new sales activities, including remote business meetings, web seminars and product introductions by email and social media, while also increasing face-to-face sales activities, in an effort to expand sales.」
While the transition to living with COVID-19 is progressing in the external environment, the situation in Ukraine, soaring raw-material and energy prices, monetary tightening, exchange-rate fluctuations and concerns over a global recession continue to be cited as factors of uncertainty. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company reaffirms that there have been no material changes in the occurrence of major risks or in the business and other risks described in the securities report for the previous fiscal year. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company reaffirms that there have been no material changes in the occurrence of major risks or in the business and other risks described in the securities report for the previous fiscal year. - FY2023-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company reaffirms that there have been no material changes in the occurrence of major risks or in the business and other risks described in the securities report for the previous fiscal year. - FY2022WorsenedAnnual report
「In Japan's industrial sector, the number of new novel coronavirus infections, which had remained high, has finally begun to stabilize, raising expectations for a recovery in economic activity. However, a global economic slowdown is a concern due to the worsening situation in Ukraine, shortages of semiconductors and components, rising raw-material prices, strained logistics and other factors, and the uncertain business environment is expected to continue.」
In addition to the novel coronavirus, the situation in Ukraine, shortages of semiconductors and components, higher raw-material prices and strained logistics are explicitly identified as new factors of uncertainty. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no material changes in the occurrence of major risks or in the business and other risks described in the securities report for the previous fiscal year. - FY2022-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes in the occurrence of major risks or in the business and other risks described in the securities report for the previous fiscal year. - FY2021WorsenedAnnual report
「In Japan's industrial sector, the economy has been significantly pushed down by sluggish domestic and external demand resulting from the global spread of the novel coronavirus. Although signs of a recovery have emerged due to the government's economic policies and other factors, the outlook remains extremely uncertain, as repeated periodic increases in infections have led to the issuance of multiple states of emergency.」
In addition to sluggish domestic and external demand caused by the novel coronavirus, periodic increases in infections and multiple declarations of a state of emergency are cited, indicating that external-environment risks have become more severe over the full fiscal year. - FY2021-Q3WorsenedAnnual report
「Demand for our products declined significantly amid the global stagnation of production activity caused by the spread of the novel coronavirus.」
The global stagnation of production activity caused by the novel coronavirus has been reflected in a significant decline in demand for our products, making the impact of external-environment risks more specific. - FY2021-Q1WorsenedAnnual report
「As economic activity stagnated due to the global spread of the novel coronavirus and other factors, the Group's order backlog stood at ¥509 million, down 62.1% year on year.」
In addition to the previous US-China trade friction and other factors, the stagnation of economic activity associated with the novel coronavirus has been reflected in a 62.1% year-on-year decline in the order backlog, indicating that external-environment risks have worsened further. - FY2020WorsenedAnnual report
「In Japan's industrial sector, production and exports remained weak due to sluggish external demand resulting from the prolonged US-China trade friction and other factors. Toward the end of the fiscal year, the economy was significantly pushed down by the global spread of the novel coronavirus, leaving the outlook extremely uncertain.」
In addition to the previous US-China trade friction and sluggish external demand, the global spread of the novel coronavirus is explicitly identified as having pushed down the economy, with the outlook described as extremely uncertain, indicating that external-environment risks have expanded. - FY2020-Q3WorsenedAnnual report
「The Group's business environment is becoming increasingly challenging, as exports to China declined 17.6% year on year due in part to the effects of the prolonged US-China trade friction.」
The prolonged US-China trade friction has been reflected in a 17.6% year-on-year decline in exports to China, making the impact of external-environment risks more specific than in the previous quarter. - FY2020-Q2WorsenedAnnual report
「The Group's business environment is becoming increasingly challenging, as exports to China declined 18.3% year on year due in part to the effects of the prolonged US-China trade friction.」
The prolonged US-China trade friction is explicitly identified, and the impact of external-environment risks has become more specific, with exports to China declining 18.3% year on year. - FY2020-Q1RestatedAnnual report
「While concerns over a global economic slowdown have emerged due to the rise of protectionist trade policies, the Group's order backlog stood at ¥1,343 million, up 7.9% year on year.」
Concerns over protectionist trade policies and a global economic slowdown continue to be cited. - FY2019WorsenedAnnual report
「Overseas, it has become difficult to predict the impact of US-China trade friction, Brexit and other factors on the global economy, and economic trends require more cautious monitoring than before.」
Uncertainty due to US-China trade friction, Brexit, a slowdown in the Chinese economy and other factors has persisted, and a decline in sales to North America and China is also reported. - FY2019-Q3RestatedAnnual report
「However, attention is required because concerns over an economic slowdown have emerged, including as a result of the rise of protectionist trade policies and the expansion of trade friction,」
Protectionist trade policies, expanding trade friction and concerns over an economic slowdown continue to be cited as factors of concern for the outlook. - FY2019-Q2WorsenedAnnual report
「However, attention is required because concerns over an economic slowdown have emerged, including as a result of the rise of protectionist trade policies and the expansion of trade friction,」
In addition to the rise of protectionist trade policies and the expansion of trade friction, concerns over an economic slowdown are explicitly identified, making the factors contributing to uncertainty over the outlook more specific. - FY2019-Q1WorsenedAnnual report
「However, the outlook for the global economy remains uncertain, including because of the expansion of trade friction resulting from protectionist trade policies,」
In addition to the longstanding uncertainty in overseas economies, the expansion of trade friction resulting from protectionist trade policies is explicitly identified, making the factors contributing to uncertainty in the global economy more specific. - FY2018ReframedAnnual report
「In Japan's industrial sector, a recovery in domestic economic activity is expected, but close attention is required regarding the outlook for the economy because of US protectionist policies, instability in international political conditions, geopolitical risks and other factors.」
The focus of the risks has shifted from the previous list of yen appreciation, emerging-market economies and Brexit to US protectionism, international political conditions and geopolitical risks. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the Japanese economy faced concerns including political and policy developments in Europe and the US, the outlook for the Chinese economy, and geopolitical risks on the Korean Peninsula. However, domestic corporate earnings and employment conditions remained firm, and further capital investment is expected as the government works to achieve its productivity revolution.」
While political and policy developments in Europe and the US, the Chinese economy and geopolitical risks on the Korean Peninsula continue to be cited as concerns, domestic corporate earnings and employment conditions are described as firm. - FY2018-Q1RestatedAnnual report
「Overseas, the US and European economies remained relatively firm, while signs of a recovery in China's growth rate also emerged. Nevertheless, conditions remained uncertain.」
Although the economic conditions in the US, Europe and China are described as recovering or relatively firm, uncertainty over the outlook for overseas economies has persisted. - FY2017-Q3MaterialisedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the Japanese economy remained firm despite the effects of exchange-rate fluctuations and other factors. However, uncertainty in overseas economies remained high due to the slowdown in growth in emerging-market economies, including China, trends in US trade policy, the UK's Brexit issue and other factors.」
Uncertainty in overseas economies due to exchange-rate fluctuations, slower growth in emerging-market economies, US trade policy, the UK's Brexit issue and other factors has persisted. - FY2017-Q2MaterialisedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the Japanese economy remained in an uncertain situation, as the continued appreciation of the yen since the beginning of the year put pressure on corporate earnings, while the slowdown in growth in emerging-market economies, including China, and heightened uncertainty in overseas economies resulting from the UK's Brexit issue and other factors persisted.」
As yen appreciation continued to pressure corporate earnings and uncertainty in overseas economies persisted, the company also reported declines in revenue and profit, indicating that the impact of external-environment risks had emerged in its results. - FY2017-Q1First statedAnnual report
「Against this backdrop, in cutting tools, we advanced the commercialization of the new high-hardness-material coating, New DH Coat, developed last fiscal year to improve the performance of tools for mold processing, an area of strength. We also launched new products, including Giant Radius inserts for the high-precision indexable ball-nose end mill Mirror Ball, using cubic boron nitride sintered bodies, a higher-value-added tool material.」
* The main text states that uncertainty over the outlook has increased due to yen appreciation, a slowdown in emerging-market economies, disruption in financial markets caused by the UK's Brexit issue, and heightened geopolitical risks. External factors such as financial-market disruption were treated as having already occurred, but their specific impact on the company's performance was not stated.