Impact of the slowdown in the Chinese economy on demand
First written in FY2016. 13 of 34 entries say "Restated". Latest entry: FY2027-H1.
Punch Industry moved to the "Worse" side of this theme in 2019, 5 years before the typical company in this theme (2024).
The whole theme swung hardest in 2019: 6 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2027-H1China sales increased, but automotive-related sales decreasedAnnual report
「In China, sales to the automotive-related business declined against a backdrop of intensifying price competition and weak economic conditions. However, sales increased due to strong performance in the electronic component and semiconductor-related and home appliance and precision equipment-related businesses, as well as expanded sales of priority products. China sales were ¥13,419 million, up 9.7% year on year.」
In China, the decline in automotive-related sales due to price competition and weak economic conditions continued, while electronic components and semiconductors, home appliances and precision equipment, and priority products offset the decline. China sales rose 9.7% year on year. - FY2026RestatedAnnual report
「China sales were ¥24,903 million, up 6.5% from the previous fiscal year, and orders remained firm, particularly in the automotive-related business.」
The strength of orders, particularly in China's automotive-related business, and the increase in sales were reaffirmed through full-year results. - FY2026-H1RestatedAnnual report
「On the other hand, orders in China remained strong, particularly in the automotive sector」
Regarding demand in China, orders were said to have remained strong, particularly in the automotive-related business, reaffirming the recovery trend from the downturn described in the previous fiscal year. - FY2025-H1MitigatedAnnual report
「In China, signs of recovery from the downturn caused by weakness in the automotive-related business and deteriorating economic conditions emerged. China sales were ¥11,370 million, up 15.8% year on year.」
Although weakness in China's automotive-related business and deteriorating economic conditions remain, a recovery from the downturn and a 15.8% year-on-year increase in China sales were reported. - FY2024MaterialisedAnnual report
「China sales were ¥20,443 million, down 12.8% from the previous fiscal year. In particular, the delayed recovery in the automotive-related business and the economic downturn in China had a significant impact on the decline in sales.」
The delayed recovery in Chinese demand and the economic downturn materialized in actual results as a 12.8% full-year decline in China sales, primarily in the automotive-related business. - FY2024-Q3MaterialisedAnnual report
「China sales were ¥15,077 million, down 16.5% year on year. In particular, the delayed recovery in the automotive-related business and the economic downturn in China had a significant impact on the decline in sales.」
The delayed recovery in China's automotive-related business and the economic downturn materialized in actual results as a 16.5% year-on-year decline in China sales. - FY2024-Q2MaterialisedAnnual report
「China sales were ¥9,815 million, down 18.9% year on year. In China, concerns about the outlook, driven by sluggish demand for durable consumer goods such as automobiles and smartphones, weak real estate market conditions, and declining exports, as well as the impact of rising prices, caused the pace of economic recovery to fall short of expectations.」
The recovery in Chinese demand fell short of expectations, and sluggish demand for durable consumer goods such as automobiles and smartphones, weak real estate market conditions, and declining exports materialized in actual results as an 18.9% year-on-year decline in China sales. - FY2024-Q1MaterialisedAnnual report
「China sales were ¥4,768 million, down 13.7% year on year. In China, demand for services recovered following the lifting of the zero-COVID policy, but the pace of economic recovery fell short of expectations due to sluggish demand for durable consumer goods such as automobiles and smartphones, as well as weak real estate market conditions.」
The recovery in Chinese demand fell short of expectations, and sluggish demand for durable consumer goods such as automobiles and smartphones and weak real estate market conditions materialized as a 13.7% year-on-year decline in China sales. - FY2023RestatedAnnual report
「Sales in China were ¥23,451 million, up 11.9% year on year」
China sales rose 11.9% from the previous fiscal year, reaffirming through full-year results the recovery in Chinese demand that has continued from the previous fiscal year. - FY2023-Q3RestatedAnnual report
「Sales in China were ¥18,047 million, up 15.3% year on year」
China sales rose 15.3% year on year, reaffirming the recovery in Chinese demand that has continued from the previous fiscal year. - FY2023-Q2RestatedAnnual report
「China sales were ¥12,109 million, up 16.0% year on year,」
China sales rose 16.0% year on year, with the recovery trend in demand that had continued through the previous fiscal year reported to be ongoing. - FY2023-Q1RestatedAnnual report
「Sales in China were ¥5,528 million, up 13.9% year on year」
China sales rose 13.9% year on year, reaffirming the recovery in Chinese demand that continued from FY2022. - FY2022-Q3RestatedAnnual report
「China sales were ¥15,653 million, up 26.4% year on year,」
China sales rose 26.4% year on year, with a recovery in Chinese demand reported for the second consecutive quarter. - FY2022-Q2RestatedAnnual report
「China sales were ¥10,441 million, up 30.1% year on year,」
China sales rose 30.1% year on year, with a recovery in Chinese demand reported for the second consecutive quarter. - FY2022-Q1MitigatedAnnual report
「China sales were ¥4,851 million, up 45.9% year on year,」
China sales rose 45.9% year on year, and the impact of the slowdown in Chinese demand that had continued through the previous fiscal year was reported to have eased in terms of sales. - FY2021-Q3MitigatedAnnual report
「China sales were ¥12,385 million, down 3.1% year on year,」
Although China sales were below the same period of the previous year, the decline narrowed from the 5.5% year-on-year decrease in the previous quarter. The disclosure states that China's economy is recovering as economic activity resumes. - FY2021-Q2MitigatedAnnual report
「China sales were ¥8,025 million, down 5.5% year on year,」
Although China sales were below the same period of the previous year, the decline narrowed from the 14.3% year-on-year decrease in FY2021-Q1. The disclosure also states that China's economy is recovering, supported by the resumption of economic activity and economic stimulus measures. - FY2021-Q1MaterialisedAnnual report
「China sales were ¥3,325 million, down 14.3% year on year.」
The slowdown in the Chinese economy and demand materialized in actual results as a 14.3% year-on-year decline in China sales. - FY2020-Q3MaterialisedAnnual report
「China sales were ¥12,777 million, down 16.8% year on year,」
Against a backdrop of a slowing Chinese economy and US-China trade friction, China sales declined 16.8% year on year, indicating that the slowdown in demand is reflected in actual results. - FY2020-Q2MaterialisedAnnual report
「China sales were ¥8,490 million, down 18.4% year on year,」
The slowdown in the Chinese economy and demand materialized as an 18.4% year-on-year decline in China sales. - FY2020-Q1MaterialisedAnnual report
「China sales were ¥3,879 million, down 22.1% year on year.」
Against a backdrop of a slowing Chinese economy and US-China trade friction, China sales declined 22.1% year on year. The disclosure also cited declines in new automotive projects and production volumes, as well as a drop in smartphone production in the electronic component and semiconductor-related business. - FY2019MaterialisedAnnual report
「In China, high-value-added strategic products grew, but the automotive and electronic components and semiconductor sectors, which had remained firm through the second quarter, slowed after the start of the third quarter, leaving sales at approximately the previous fiscal year's level.」
The slowdown in demand for automotive-related and electronic component and semiconductor-related products in China materialized, with full-year sales remaining at approximately the previous fiscal year's level. - FY2019-Q3MaterialisedAnnual report
「In China, although high-value-added strategic products grew, automotive-related and electronic component and semiconductor-related businesses, which had remained firm through the second quarter of the previous fiscal year, slowed after the start of the third quarter. As a result, sales for the cumulative third quarter exceeded those of the same period of the previous year, but the growth rate slowed.」
The downside risk to the Chinese economy and demand materialized as automotive-related and electronic component and semiconductor-related businesses slowed in the third quarter, resulting in slower sales growth. - FY2019-Q1RestatedAnnual report
「In China, automotive-related products and electronic components and semiconductors continued to perform steadily, while high-value-added strategic products also grew. In other regions as well, sales remained solid, particularly in Europe, and exceeded the year-earlier period.」
Regarding the Chinese economy and demand, automotive-related, electronic component and semiconductor-related, and high-value-added strategic products were reported to have remained firm. - FY2018-Q3RestatedAnnual report
「In China, economic conditions are expected to continue recovering from the slowdown for the time being, partly due to the effects of various policies.」
Regarding the Chinese economy, the Company states that the recovery from the slowdown is expected to continue and indicates no substantive change from the assessment through the previous quarter. - FY2018-Q2RestatedAnnual report
「In China, economic conditions are expected to continue recovering for the time being, partly due to the effects of various policies.」
Regarding the Chinese economy, the Company continues to state that the recovery is expected to continue. - FY2018-Q1RestatedAnnual report
「In China, economic conditions are expected to continue recovering for the time being, partly due to the effects of various policies.」
Regarding the Chinese economy, the Company continues to state that the recovery is expected to continue, rather than emphasizing the downside concerns previously noted. - FY2017-Q3MitigatedAnnual report
「In China, economic conditions showed signs of recovery, partly due to the effects of various policies, and consumption continued to increase steadily.」
Regarding the Chinese economy, the Company reports a recovery in economic activity and steady growth in consumption, replacing its previous references to concerns about a slowdown and downside risks. - FY2017-Q2RestatedAnnual report
「Stable growth is expected in China, but there is a risk that economic conditions could deteriorate depending on developments in financial markets, including property prices and excessive debt.」
The Company continues to recognize downside risks in the Chinese economy. It states, however, that automotive-related products and high-value-added strategic products drove sales in local-currency terms during the quarter. - FY2016First statedAnnual report
「In China, although the slowdown in economic growth became evident in electronic components, semiconductors and other areas from the third quarter of the consolidated fiscal year, automotive, consumer electronics and precision equipment served as growth drivers, enabling cumulative results to exceed the previous year.」
The Company states that the slowdown in China’s economic growth became evident in electronic components, semiconductors and other areas.