Uncertainty Surrounding the Outlook Due to the U.S. Presidential Election and Potential Interest Rate Hikes
First written in FY2017-Q2. 6 of 12 entries say "Worsened", first in FY2019-Q2. Latest entry: FY2026-H1.
Yushin Company moved to the "Worse" side of this theme in 2018, 7 years before the typical company in this theme (2025).
The whole theme swung hardest in 2018: 2 of 10 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「Uncertainty over the outlook continued due to factors including US tariff policies and surging energy and raw-material prices.」
The previous uncertainty over US trade policies and trade friction continued to be presented more specifically in terms of US tariff policies. - FY2021WorsenedAnnual report
「The economic environment surrounding the Group remains subject to many uncertainties, including stagnation in economic activity in countries around the world due to the global spread of the novel coronavirus and concerns over a prolonged period of trade friction between the United States and China, and the outlook for the economy remains uncertain.」
Concerns over a prolonged period of trade friction between the United States and China were explicitly stated, with uncertainty over the outlook continuing alongside numerous other uncertain factors. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the consolidated fiscal period, the global economy continued to see a decline in capital investment due to the impact of trade friction between the United States and China,」
The discussion identified the continuing decline in corporate capital investment as a specific impact of trade friction between the United States and China. - FY2020-Q3SoftenedAnnual report
「Although there have been signs of a partial agreement on trade friction between the United States and China, the global trend of declining corporate appetite for capital investment has continued amid uncertainty over the outlook,」
A partial agreement on trade friction between the United States and China was noted, indicating some easing of the concerns cited previously, while uncertainty over the outlook remains. - FY2020-Q1WorsenedAnnual report
「In addition, uncertainty over the outlook has been increasing, including trade friction between the United States and China and the UK's withdrawal from the EU.」
The discussion changed from general uncertainty over US policies to specific factors contributing to uncertainty, including trade friction between the United States and China, and stated that uncertainty over the outlook had intensified. - FY2019-Q3WorsenedAnnual report
「Concerns over the impact on the global economy of trade friction between the United States and China and growing political instability in certain countries have increased, heightening uncertainty.」
The discussion became more specific, changing from general uncertainty over the US administration's trade policies to concerns over the impact of trade friction between the United States and China and growing political instability, with uncertainty intensifying. - FY2019-Q2WorsenedAnnual report
「Although concerns over trade friction between the United States and China were growing, the economy continued to expand at a moderate pace.」
The discussion became more specific, changing from the previous reference to uncertainty over the US administration's protectionist trade policies to growing concerns over trade friction between the United States and China. - FY2019-Q1ReframedAnnual report
「Although uncertainty remains in the United States due to protectionist trade policies,」
The discussion became more specific, changing from the US presidential election, the possibility of interest-rate hikes and general policy developments by the administration to uncertainty arising from protectionist trade policies. - FY2018-Q3RestatedAnnual report
「During the nine months ended the third quarter of the current fiscal year, the global economy continued to recover, led by developed countries. However, uncertainty over the outlook continued due to the policy direction of the US administration, geopolitical risks in certain regions, and uncertainty in emerging economies, including China.」
Continued to identify US administration policy developments as a factor contributing to uncertainty over the outlook for the global economy. - FY2017RestatedAnnual report
「Regarding the external environment surrounding the Company, the global economy is generally expected to remain on a recovery track, but uncertainty is expected to persist due to the impact of the new US administration's economic and trade policies, political developments in Europe, and rising international tensions.」
Continued to cite uncertainty arising from the new US administration's economic and trade policies, while adding European political developments and international tensions as factors contributing to uncertainty. - FY2017-Q3ReframedAnnual report
「However, the future impact of the new US administration's economic and trade policies remains uncertain.」
The subject of the discussion changed from uncertainty over developments in the previous presidential election and the possibility of interest-rate hikes to uncertainty over the impact of the new US administration's economic and trade policies. - FY2017-Q2First statedAnnual report
「In the United States, employment and personal consumption remained firm, and the economy continued to expand at a moderate pace. However, the outlook remained uncertain due to developments in the presidential election and the possibility of interest-rate hikes.」
For the first time, developments in the US presidential election and the possibility of interest-rate hikes were identified as factors contributing to uncertainty over the economic outlook.