Weakness in Overseas Economies, Including China
First written in FY2017-Q2. 18 of 31 entries say "Restated". Latest entry: 2026-07-31.
Nippon Gear 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: 161 of 184 companies on the "Worse" side.
56 other companies' latest entry also says "Restated".
- 2026-07-31RestatedEarnings
「In addition, tensions surrounding Israel, geopolitical risks, the stagnation of the Chinese economy, the prolonged Russia-Ukraine conflict and the US review of its tariff measures have created a situation in which uncertainty over the outlook for the global economy has increased further, and economic conditions remain uncertain.」
The company continued to cite uncertainty relating to geopolitical risks, the stagnation of the Chinese economy, the Russia-Ukraine conflict and US tariff measures. - FY2026WorsenedAnnual report
「Reflecting a substantial rise in crude oil prices due to the deterioration of the situation in Iran, prices rose amid soaring resource prices, higher prices and the impact of yen depreciation. In addition to tensions surrounding Israel, geopolitical risks, the stagnation of the Chinese economy and the prolonged Russia-Ukraine conflict, revisions to tariffs and other measures by the United States further increased uncertainty about the outlook for the global economy,」
The deterioration of the situation in Iran and rising crude oil prices have been added as sources of uncertainty in the overseas economy and external environment, along with geopolitical risks, the stagnation of the Chinese economy, the Russia-Ukraine conflict and uncertainty arising from U.S. tariff revisions. - 2026-05-13WorsenedEarnings
「Reflecting the sharp rise in crude oil prices caused by worsening conditions in Iran, inflation advanced due to soaring resource prices, higher prices and the impact of the weaker yen. In addition, tensions surrounding Israel, geopolitical risks, the stagnation of the Chinese economy, the prolonged Russia-Ukraine conflict and the US review of its tariff measures have created a situation in which uncertainty over the outlook for the global economy has increased further, and economic conditions remain uncertain.」
In addition to the overseas economic and geopolitical risks previously cited, the company described worsening conditions in Iran, rising crude oil prices and the US review of its tariff measures, stating that uncertainty had increased further. - FY2026-H1RestatedAnnual report
「Overseas, the outlook remains uncertain due to surging resource and energy prices resulting from US trade policy and the prolonged geopolitical risks in Ukraine and the Middle East, as well as stagnation in the Chinese economy.」
It notes that uncertainty in the overseas economy due to U.S. trade policy, geopolitical risks in Ukraine and the Middle East, and the stagnation of the Chinese economy continues. - FY2025WorsenedAnnual report
「In addition to tensions surrounding Israel, geopolitical risks, the stagnation of the Chinese economy and the prolonged Russia-Ukraine conflict, revisions to tariffs and other measures by the new U.S. administration have further increased uncertainty about the outlook for the global economy, and the outlook for the economy remains uncertain.」
In addition to tensions surrounding Israel, the stagnation of the Chinese economy and the Russia-Ukraine conflict, revisions to tariffs and other measures by the new U.S. administration are newly identified as sources of uncertainty in the overseas economy and external environment. - FY2025-H1RestatedAnnual report
「During the interim accounting period, Japan's economy recovered moderately, with signs of a pickup in capital investment against a backdrop of solid corporate earnings and improvement in the employment and income environment accompanying wage increases. However, the outlook remains uncertain due to the prolonged surge in raw material and energy prices amid unstable global conditions and the continuing impact of high interest rates in Europe and the United States.」
While stating that the economy recovered moderately, it notes that the outlook remains uncertain due to global conditions and the effects of raw material and energy prices and high interest rates. - FY2024WorsenedAnnual report
「However, due to external factors including tensions surrounding Israel, geopolitical risks, the stagnation of the Chinese economy, the prolonged situation in Ukraine and the rapid depreciation of the yen, the outlook for the economy remains uncertain.」
Tensions surrounding Israel, the stagnation of the Chinese economy, the prolonged situation in Ukraine and rapid yen depreciation are specifically noted as sources of uncertainty in the overseas economy and external environment. - FY2024-Q3WorsenedAnnual report
「However, due to external factors including the stagnation of the Chinese economy, the prolonged situation in Ukraine and the ongoing depreciation of the yen, the outlook for the economy remains uncertain.」
The stagnation of the Chinese economy, the prolonged situation in Ukraine and the ongoing depreciation of the yen are noted as sources of uncertainty in the overseas economy and external environment. - FY2024-Q2RestatedAnnual report
「During the six months ended [current period], Japan's economy saw rising prices due to the impact of Russia's invasion of Ukraine, and uncertainty about the outlook continues.」
Rising prices and economic uncertainty caused by Russia's invasion of Ukraine are noted as overseas and external-environment risks that have continued from the previous fiscal year. - FY2024-Q1RestatedAnnual report
「During the first quarter, Japan's economy saw rising prices due to the impact of Russia's invasion of Ukraine, and uncertainty about the outlook continues.」
Rising prices and economic uncertainty caused by Russia's invasion of Ukraine are noted as overseas and external-environment risks that have continued from the previous fiscal year. - FY2023-Q3RestatedAnnual report
「During the cumulative first 3 quarters, Japan's economy showed signs of a gradual recovery, partly due to the effects of various policies implemented to address the COVID-19 pandemic. However, the outlook remained uncertain amid rising prices caused by surging raw material and energy prices associated with the prolonged Ukraine crisis and the rapid depreciation of the yen.」
The uncertainty surrounding the domestic and global economies caused by the prolonged Ukraine crisis, rapid yen depreciation and soaring resource prices continues to be noted. - FY2023-Q2WorsenedAnnual report
「During the cumulative second quarter period, Japan's economy remained unpredictable and its outlook uncertain. Although the COVID-19 situation improved gradually, a rapid depreciation of the yen related to international conditions, including the prolonged situation in Ukraine, compounded the surge in resource prices, leaving both domestic and overseas economies in an uncertain state.」
In addition to the prolonged situation in Ukraine, the filing specifically identifies the chain reaction between rapid yen depreciation and surging resource prices as a source of uncertainty in the overseas economy and external environment. - FY2023-Q1RestatedAnnual report
「During the first quarter, Japan's economy remained uncertain despite the easing impact of the COVID-19 pandemic, as prices rose due to the impact of Russia's invasion of Ukraine.」
The filing describes higher prices resulting from Russia's invasion of Ukraine and uncertainty surrounding the global economic outlook as external conditions continuing from the previous fiscal year. - FY2022WorsenedAnnual report
「Prices have risen due to the impact of Russia's invasion of Ukraine, and the outlook for the global economy remains uncertain.」
In addition to the previously cited U.S.-China trade friction and concerns about an economic slowdown, the filing explicitly identifies price increases resulting from Russia's invasion of Ukraine as a source of uncertainty in the overseas economy. - FY2022-Q3RestatedAnnual report
「There were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year during the cumulative third quarter period.」
The filing states that there have been no significant changes to the existing risks, including overseas economies such as China, exchange rates, policy developments and geopolitical risks. - FY2022-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The filing states that there have been no significant changes to the existing risks, including overseas economies such as China, exchange rates, policy developments and geopolitical risks. - FY2021-Q3RestatedAnnual report
「There were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year during the cumulative third quarter period.」
The filing states that there have been no significant changes to the existing risks, including overseas economies such as China, exchange rates, policy developments and geopolitical risks. - FY2021-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The filing states that there have been no significant changes to the existing risks, including overseas economies such as China, exchange rates, policy developments and geopolitical risks. - FY2021-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The filing states that there have been no significant changes to the existing risks, including overseas economies such as China, exchange rates, policy developments and geopolitical risks. - FY2020-Q3RestatedAnnual report
「There were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year during the cumulative third quarter period.」
The filing states that there have been no significant changes to the existing risks, including overseas economies such as China, exchange rates, policy developments and geopolitical risks. - FY2020-Q2WorsenedAnnual report
「However, conditions remain uncertain, with the overseas economy affected by expanding trade friction between the United States and China, rising tensions in the Middle East and an economic slowdown resulting from the consumption tax rate increase implemented in October.」
In addition to expanding U.S.-China trade friction, the filing newly identifies rising tensions in the Middle East as a source of uncertainty in the overseas economy. - FY2020-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The filing states that there have been no significant changes to the existing risks, including overseas economies such as China, exchange rates, policy developments and geopolitical risks. - FY2019WorsenedAnnual report
「Major factors affecting the Company's management include market conditions, fluctuations in raw material prices and disasters. The outlook remains uncertain due to developments in U.S.-China trade friction and concerns about a slowdown in the global economy.」
In addition to U.S.-China trade friction, the filing explicitly identifies concerns about a slowdown in the global economy as a source of uncertainty in the overseas economy. - FY2019-Q3RestatedAnnual report
「There were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year during the cumulative third quarter period.」
The filing states that there have been no significant changes to the existing risks, including overseas economies such as China, exchange rates, policy developments and geopolitical risks. - FY2019-Q2WorsenedAnnual report
「However, Japan's economic outlook remains uncertain due to the expansion of trade friction between the United States and China and other factors affecting the overseas economy.」
In addition to the broader overseas conditions previously cited, the filing specifically identifies expanding trade friction between the United States and China as a source of uncertainty in the overseas economy. - FY2019-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The filing states that there have been no significant changes to the existing risks, including overseas economies such as China, exchange rates, policy developments and geopolitical risks. - FY2018RestatedAnnual report
「Meanwhile, the economic outlook remains uncertain due to uncertainty surrounding U.S. policy management, exchange rate volatility resulting from higher long-term interest rates and rising geopolitical risks.」
The filing continues to describe uncertainty in overseas conditions, including U.S. policy, exchange rates and geopolitical risks. - FY2018-Q3RestatedAnnual report
「There were no new business risks or material changes to the business risks described in the securities report for the previous fiscal year during the cumulative third quarter period.」
The filing states that there have been no significant changes to the existing business risks, including overseas economies such as China and geopolitical risks in East Asia. - FY2018-Q2ReframedAnnual report
「However, Japan's economic outlook remains uncertain due to developments in the policies of the U.S. administration, the political situation in Europe and rising geopolitical risks in East Asia.」
The focus of the discussion of the external environment has broadened from weakness in China and other emerging Asian economies to uncertainty across overseas conditions, including U.S. administration policy developments, the political situation in Europe and geopolitical risks in East Asia. - FY2017MitigatedAnnual report
「Supported by a gradual recovery in the Chinese and other emerging Asian economies and an economic recovery in Europe and the United States, the overseas economy showed signs of improvement in the export environment and recovered gradually, albeit progressively and moderately.」
The weakness in China and other emerging Asian economies noted in the previous fiscal year is described in the current fiscal year as a gradual economic recovery. - FY2017-Q2First statedAnnual report
「Overseas economies continued to recover gradually, led by the advanced economies, particularly the United States. Although weakness was evident in China and other emerging Asian economies, the overall recovery trend continued, albeit gradually.」
While describing the overall overseas economy as being on a recovery trend, the filing explicitly identifies weakness in China and other emerging Asian economies as an external risk factor for the first time.