Economic and Monetary Policy Risks in Trading Partner Countries and Emerging Markets
First written in FY2016. 6 of 10 entries say "Worsened", first in FY2023. Latest entry: FY2026-H1.
TSUDAKOMA Corp. moved to the "Worse" side of this theme in 2024, 5 years after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 159 of 183 companies on the "Worse" side.
84 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「The outlook for the global economy remained uncertain, owing to factors including surging resource prices caused by turmoil in the Middle East and the impact of US tariff policy.」
In addition to US tariff policy, the risks relating to trading partner countries and international policy include the situation in the Middle East and higher resource prices as factors contributing to uncertainty in the business environment. - 2026-07-13WorsenedOccurring Fact
「The outlook for the global economy remained uncertain, owing to higher resource prices resulting from turmoil in the Middle East and the impact of U.S. tariff policies, among other factors.」
The Group continues to cite the situation in the Middle East and the impact of U.S. tariff policies as sources of uncertainty related to trading-partner policies and international affairs. - FY2025WorsenedAnnual report
「The Group has a high export ratio and is unavoidably affected by the international economy, including tensions between Japan and China, political and economic tensions between the United States and China, and foreign exchange fluctuations, as well as the political conditions and economic policies of its trading partner countries.」
The company has explicitly added tensions between Japan and China to the existing policy risks of its trading partner countries and continues to emphasize its exposure to international political and economic policies. - FY2025-H1WorsenedAnnual report
「Downside risks to the economy increased, including geopolitical risks related to the situations in Ukraine and the Middle East, stagnation in the Chinese economy, and major changes in US trade policy.」
Geopolitical developments involving trading partner countries, the Chinese economy and changes in US trade policy are described more specifically as downside risks to the economy. - FY2024WorsenedAnnual report
「In China, a major market for the textile machinery business, the United States is an important export market for textile products. Political tensions between the United States and China, as well as US-China trade friction and higher additional tariffs, could reduce textile product exports and affect capital investment.」
The company has specified how the existing political and economic policy risks of its trading partner countries could flow through from US-China tensions, additional tariffs and lower textile product exports to capital investment. - FY2023WorsenedAnnual report
「The Group has a high export ratio and is unavoidably affected by the international economy, including political and economic tensions between the United States and China, concerns over inflation in Europe and the United States, and foreign exchange fluctuations, as well as the political conditions and economic policies of its trading partner countries.」
In addition to the existing policy risks of its trading partner countries, the company explicitly identifies tensions between the United States and China, inflation in Europe and the United States, and foreign exchange fluctuations. - FY2019RestatedAnnual report
「The Group has a high export ratio and is unavoidably affected by the international economy, including foreign exchange fluctuations, as well as the political conditions and economic policies of its trading partner countries.」
The Group continues to recognize the political and economic policy risks of its trading partner countries associated with its high export ratio. - FY2018RestatedAnnual report
「① Political, economic and monetary risks in trading-partner countries, mainly emerging markets」
The company continues to identify political, economic and financial risks in its trading partner countries, particularly emerging markets. - FY2017RestatedAnnual report
「① Political, economic and monetary risks in trading-partner countries, mainly emerging markets」
The company continues to list risks related to the political, economic and monetary policies of trading-partner countries, particularly emerging markets. - FY2016First statedAnnual report
「① Economic and monetary policy risks in trading-partner countries, particularly emerging markets」
The company explicitly identified the economic and monetary policies of trading-partner countries, particularly emerging markets, as risks that could affect operating results.