Concerns about financial instability in Europe and the US and recession fears stemming from persistently high inflation and monetary tightening
First written in FY2023-Q3. 7 of 12 entries say "Reframed", first in FY2024-Q1. Latest entry: FY2026.
Aimechatec moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 25 of 36 companies on the "Worse" side.
13 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「During the consolidated fiscal year, the global economy maintained generally positive growth, led by the United States, where personal consumption remained resilient against the backdrop of the wealth effect. However, uncertainty about the outlook could not be dispelled due to heightened geopolitical risks in Europe and the Middle East.」
The factors behind uncertainty about the outlook were reorganized from the previous focus on higher U.S. tariff rates and insufficient domestic demand in China to uncertainty against the backdrop of geopolitical risks in Europe and the Middle East. - FY2026-H1ReframedAnnual report
「During the current interim consolidated accounting period, the global economy continued to show signs of a gradual recovery, but uncertainty about the outlook continued due to higher U.S. tariff rates and slowing growth caused by insufficient domestic demand in China.」
The factors behind uncertainty about the global economic outlook were reorganized from the previous references to U.S. foreign and trade policy, China's real estate market and geopolitical risks to focus on higher U.S. tariff rates and slowing growth caused by insufficient domestic demand in China. - FY2025WorsenedAnnual report
「Uncertainty about the outlook intensified due to trends in US foreign and trade policy, the continued stagnation of China's property market, and heightened geopolitical risks resulting from the protracted conflicts in Ukraine and the Middle East.」
The disclosure stated that uncertainty in the global economy had increased from the previous fiscal year against the backdrop of U.S. foreign and trade policy, China's real estate market, and the situations in Ukraine and the Middle East. - FY2025-H1ReframedAnnual report
「During the current interim consolidated accounting period, the global economy generally remained firm, led by expansion in the U.S. economy, but uncertainty about the outlook continued due to persistently high interest rates in Europe and the United States and continued stagnation in China's real estate market.」
While acknowledging the firmness driven by the U.S. economy, the factors cited were reorganized from the previous description, which included the situation in the Middle East, to uncertainty about the outlook centered on persistently high interest rates in Europe and the United States and stagnation in China's real estate market. - FY2024RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the global economy maintained overall positive growth, led by the United States, where personal consumption remained firm, but concerns about downside risks continued due to sluggish domestic demand caused by the downturn in China's real estate market and heightened tensions in the Middle East.」
While positive growth continued, led by the United States, concerns about downside risks continued against the backdrop of China's real estate market and the situation in the Middle East. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the global economy maintained overall positive growth, led by the United States, where personal consumption remained firm, but concerns about downside risks continued due to sluggish domestic demand caused by the downturn in China's real estate market and heightened tensions in the Middle East.」
While the global economy maintained positive growth, concerns about downside risks continued against the backdrop of weak conditions in China's real estate market and the situation in the Middle East. - FY2024-Q2ReframedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the global economy generally remained on a recovery trend, partly due to easing price pressures, but concerns about the outlook continued against the backdrop of slowing growth in China stemming from stagnation in its real estate market and the situation in the Middle East.」
While easing price pressures and a recovery trend in the global economy were noted, the situation in the Middle East was identified as a new source of concern in addition to slowing growth in China. - FY2024-Q1ReframedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the global economy generally remained on a recovery trend, but concerns about the outlook increased due to higher long-term interest rates resulting from continued monetary tightening, mainly by central banks in Europe and the United States, and slowing growth in China stemming from stagnation in the real estate market.」
The factors behind concerns about the global economic outlook were reorganized from the previous focus on persistently high inflation, monetary tightening and financial instability in Europe and the United States to include higher long-term interest rates, stagnation in China's real estate market and slowing growth. - FY2023SoftenedAnnual report
「Concerns about the economic outlook increased.」
Although high inflation and monetary tightening have continued, the previous specific reference to financial instability in Europe and the United States was absent, and the concern was weakened to general concerns about the economic outlook. - FY2023-Q3First statedAnnual report
「Persistently high inflation and continued monetary tightening by central banks in various countries caused financial instability in Europe and the United States, heightening concerns about an economic recession.」
A new macroeconomic risk was identified: persistently high inflation and monetary tightening had caused financial instability in Europe and the United States, raising recession concerns.