Changes in Economic Conditions in Regions Where Business Is Conducted
First written in FY2016. 14 of 30 entries say "Restated". Latest entry: 2026-07-09.
Rorze 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: 131 of 176 companies on the "Worse" side.
26 other companies' latest entry also says "Other".
- 2026-07-09OtherEarnings
「Amid the worsening situation in the Middle East, the outlook remains highly uncertain and an economic slowdown is a concern.」
While describing the economy as being on a gradual recovery path, the company cited uncertainty and concerns about a slowdown in the global economy due to the worsening situation in the Middle East. - FY2026RestatedAnnual report
「During the consolidated fiscal year, Japan’s economy remained on a gradual recovery trend, supported by improvements in employment and income conditions and the effects of various policies, although the impact of US trade policy remained. However, uncertainty about the outlook continued because of concerns about a slowdown in personal consumption resulting from continued price increases, among other factors.」
The coexistence of a gradual economic recovery and uncertainty caused by US trade policy, rising prices and concerns about a slowdown in personal consumption continues. - FY2026-H1Economic recovery and uncertainty caused by US trade policy coexistAnnual report
「During the interim consolidated accounting period, Japan’s economy recovered gradually, but the outlook remained uncertain because of the continued rise in prices and the impact of US trade policy.」
While stating that the domestic economy recovered gradually, the company describes the continued rise in prices and the impact of US trade policy as new sources of uncertainty. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, Japan’s economy recovered gradually, as personal consumption and capital investment showed signs of improvement. However, uncertainty continued to remain because of persistently high interest rates in Europe and the United States and rising geopolitical risks, among other factors.」
While indicating a gradual economic recovery driven by the improvement in personal consumption and capital investment, the company explains that uncertainty caused by high interest rates in Europe and the United States and geopolitical risks continues. - FY2025-Q1Economic recovery and uncertainty coexistAnnual report
「During the first quarter of the consolidated fiscal year, Japan’s economy recovered gradually, as corporate earnings and capital investment showed signs of improvement. However, uncertainty continued to remain because of the risk of an economic slowdown resulting from global monetary tightening and rising geopolitical risks, among other factors.」
While explaining that corporate earnings and capital investment showed signs of improvement and the economy recovered gradually, following the stalled recovery and concerns about a slowdown through the previous quarter, the company also stated that the risk of an economic slowdown caused by monetary tightening and rising geopolitical risks remained. - FY2024-Q3WorsenedAnnual report
「During the first 3 quarters of the consolidated fiscal year, Japan’s economic recovery stalled as international conditions became increasingly unstable, concerns grew over weak personal consumption caused by higher prices, and concerns about a slowdown in the global economy intensified.」
Regarding factors contributing to uncertainty in the regional economy, the company newly explicitly stated that international conditions had become increasingly unstable, personal consumption was weakening because of higher prices, and concerns about a global economic slowdown were growing, explaining that the economic recovery had stalled. - FY2024-Q2WorsenedAnnual report
「During the second quarter of the consolidated fiscal year, Japan’s economy remained on a gradual recovery trend, but uncertainty about the outlook continued because of monetary tightening by central banks worldwide in response to global inflationary pressure, concerns about the outlook for the Chinese economy, tighter US-China semiconductor export controls and other factors.」
In addition to the previous inflation, monetary tightening and export-control concerns, concerns about the outlook for the Chinese economy were explicitly stated, and factors contributing to uncertainty in regional economies continue to be described. - FY2024-Q1WorsenedAnnual report
「During the first quarter of the consolidated fiscal year, Japan’s economy showed signs of a gradual recovery, but the outlook remained uncertain amid monetary tightening by central banks worldwide in response to global inflationary pressure and the impact of tighter US-China semiconductor export controls, among other factors.」
Regarding the economic environment in the regions where the company operates, global inflationary pressure and monetary tightening by central banks were identified as new sources of uncertainty, and uncertainty about the outlook continues. - FY2023WorsenedAnnual report
「The Group conducts production activities mainly overseas and has a high proportion of sales generated overseas. Geopolitical conflicts could adversely affect individual countries and impact the Group’s business performance.」
The company explicitly stated that, given its reliance on overseas production and sales, geopolitical conflicts could affect individual countries and the Group’s business performance. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, Japan’s economy remained uncertain, as concerns grew that soaring prices, driven by global inflation, resource shortages and the weaker yen, would affect economic activity.」
The company explains that uncertainty about the domestic and overseas economies continues because of global inflation, resource shortages, yen depreciation and soaring prices. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter under review, Japan’s economy remained difficult to predict, despite efforts to balance measures to prevent the spread of COVID-19 with economic activity, as multiple price-raising factors converged, including resource shortages affected by the situation in Russia and Ukraine and the weaker yen.」
In addition to the previous uncertainty caused by COVID-19, the situation involving Russia and Ukraine, resource shortages, yen depreciation and factors driving higher prices have combined, and uncertainty about the economic environment in the regions where the company operates continues. - FY2022-Q3WorsenedAnnual report
「During the first 3 quarters of the consolidated fiscal year, Japan’s economy was expected to settle from the impact of COVID-19 and enter a recovery phase. However, as the emergence of new variants led to a renewed global spread of infections, the outlook remained uncertain.」
While a recovery trend in the economy was expected, the renewed global spread of infections caused by new variants and uncertainty about the outlook were explicitly stated. - FY2022-Q2RestatedAnnual report
「During the first half of the consolidated fiscal year, Japan’s economy showed signs of a gradual recovery, but the spread of COVID-19 led to repeated declarations of a state of emergency and the implementation of measures to prevent the spread of the disease, and restrictions on economic activity continued. Some countries and regions worldwide were also forced to strengthen infection-control measures, and uncertainty about the outlook continued.」
Restrictions on economic activity caused by COVID-19 and uncertainty about the outlook for the domestic and overseas economies continue. - FY2022-Q1RestatedAnnual report
「During the first quarter of the consolidated fiscal year, economic activity in Japan was restricted by the continuing spread of COVID-19. Although gradual moves toward reopening economic activity were seen in Japan and overseas, the outlook remained uncertain.」
The restrictions on economic activity caused by COVID-19 and uncertainty about the outlook for the domestic and overseas economies continue to be described. - FY2021RestatedAnnual report
「During the consolidated fiscal year, Japan’s economy remained uncertain amid the impact of the global economic deterioration caused by the spread of COVID-19.」
The description of the economic conditions in the regions where the company operates continues to refer to the global economic deterioration caused by COVID-19 and uncertainty about the outlook. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, Japan’s economy continued to face an uncertain outlook due to the spread of COVID-19.」
Regarding economic conditions in its regions of operation, the company continues to disclose uncertainty regarding the outlook due to the spread of COVID-19. - FY2021-Q2WorsenedAnnual report
「During the cumulative second quarter under review, Japan’s economy faced a significant recession due to the global spread of COVID-19. Even after the state of emergency was lifted, the number of infections continued to rise, and concerns about infection affected economic activity, leaving the economic outlook uncertain.」
Regarding economic conditions in its regions of operation, the company specified the significant recession caused by the global spread of COVID-19 and the impact on economic activity from the rising number of infections. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter under review, Japan’s economy faced unprecedented conditions as economic activity was restricted due to the global spread of COVID-19. The outlook remained uncertain and conditions continued to be extremely difficult.」
Regarding economic conditions in its regions of operation, the company explained that restrictions on economic activity due to COVID-19 and a difficult outlook continued. - FY2020WorsenedAnnual report
「In addition to the continued unstable situation overseas, including the longstanding U.S.-China trade friction, the spread of COVID-19 was expanding, leaving economic conditions in Japan and overseas uncertain.」
The company specified the expanding impact of COVID-19, in addition to the longstanding U.S.-China trade friction, as a factor contributing to uncertainty in the Japanese and overseas economies. - FY2020-Q3WorsenedAnnual report
「During the cumulative third quarter under review, Japan’s economy remained sluggish as it was affected by the uncertain global economic outlook, including prolonged U.S.-China trade friction and the United Kingdom’s withdrawal from the EU, after demand ahead of the consumption tax increase had subsided.」
The company explained that, in addition to the longstanding U.S.-China trade friction, uncertainty in the global economy, including the United Kingdom’s withdrawal from the EU, contributed to sluggish domestic economic conditions. - FY2020-Q2WorsenedAnnual report
「During the cumulative second quarter under review, Japan’s economy continued to face an uncertain outlook, although employment conditions and the income environment continued to improve, amid prolonged U.S.-China trade friction and the emergence of conflict between Japan and South Korea over export controls.」
Regarding regional economic and political conditions, the company newly specified the emergence of conflict between Japan and South Korea over export controls in addition to the prolonged U.S.-China trade friction. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter under review, Japan’s economy continued to face an uncertain outlook, although employment conditions and the income environment continued to improve, amid concerns over U.S.-China trade friction and a slowdown in the Chinese economy.」
The company continues to disclose uncertainty regarding the outlook in its regions of operation due to U.S.-China trade friction and concerns over a slowdown in the Chinese economy. - FY2019WorsenedAnnual report
「During the consolidated fiscal year under review, Japan’s economy continued to grow, supported by improving corporate earnings and solid capital investment, although the outlook remained uncertain amid concerns over U.S.-China trade friction and a slowdown in the Chinese economy.」
Regarding risks related to regional economic and political conditions, the company specified concerns over a slowdown in the Chinese economy in addition to U.S.-China trade friction. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, Japan’s economy continued to grow, supported by improving corporate earnings and solid capital investment, although the outlook remained uncertain due to intensified trade friction between the United States and China arising from U.S. protectionism.」
The company continues to disclose uncertainty regarding the outlook in its regions of operation due to intensified U.S.-China trade friction against the backdrop of U.S. protectionism. - FY2019-Q1WorsenedAnnual report
「During the cumulative first quarter under review, Japan’s economy continued to grow, supported by improving corporate earnings and solid capital investment, although the outlook remained uncertain due to the increasing risk of intensified trade friction arising from the United States’ shift toward protectionism.」
The company newly specified the United States’ shift toward protectionism and the increasing risk of intensified trade friction as risks relating to the economic and political conditions in its regions of operation. - FY2018RestatedAnnual report
「If the company group is affected by changes in the economic conditions or political circumstances of individual countries, revisions to laws or accounting systems, disasters, wars or other force majeure events, its results and financial position may be affected.」
The company continues to disclose the effects of economic and political conditions, systems, disasters and other factors in its regions of operation as regional risks. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, Japan’s economy continued on a gradual recovery path, supported by improved corporate earnings and favorable employment conditions, although the outlook remained uncertain amid rising uncertainty in overseas economies. In this industry, active capital investment in manufacturing equipment required to produce semiconductors, liquid crystal displays and organic EL displays continued in Taiwan, South Korea, China and other regions.」
The company continues to recognize uncertainty regarding the outlook due to uncertainty in overseas economies, while stating that investment in manufacturing equipment in Taiwan, South Korea, China and other regions is continuing. - FY2018-Q1RestatedAnnual report
「In this industry, active capital investment in manufacturing equipment required to produce semiconductors, liquid crystal displays and organic EL displays continued in Taiwan, South Korea, China and other regions.」
While capital investment continued in overseas markets, the company continued to disclose uncertainty regarding the outlook due to U.S. policy management, the political situation in Europe and geopolitical risks. - FY2017-Q3RestatedAnnual report
「The outlook remains uncertain due to caution regarding overseas conditions, including a slowdown in emerging-market economies such as China.」
The company continues to recognize the risk associated with economic conditions in its regions of operation due to a slowdown in emerging-market economies and caution regarding overseas conditions. - FY2016First statedAnnual report
「If changes in the business plan or investment plan arise from substantial fluctuations in market demand for capital investment or intensified competition for orders due to economic conditions in individual countries, they may affect the company group’s results and financial position.」
Demand and competition risks associated with regional economies in Japan, Taiwan, Vietnam, the United States, South Korea, China and other regions.