Decline in demand due to a slowdown in the global economy and major regional economies
First written in FY2016. 9 of 22 entries say "Materialised", first in FY2017-Q1. Latest entry: 2026-07-29.
The whole theme swung hardest in 2022: 125 of 168 companies on the "Worse" side.
- FY2023WorsenedAnnual report
「The world today is an era in which future developments are difficult to predict. Various changes are taking place, including climate change, resource shortages, demographic changes resulting from population aging, and urbanization issues. In addition, the situation in Ukraine and accelerating global inflation are seriously affecting economies in countries around the world.」
In addition to the existing economic slowdown and the situation in Ukraine, accelerating global inflation was explicitly identified as a factor contributing to deterioration in the economic environment. - FY2023-Q3MaterialisedAnnual report
「Other expenses increased by ¥121.1 billion from the same period of the previous year to ¥152.3 billion, due to losses associated with the transition to a risk-sharing corporate pension plan and the recognition of impairment losses at Hitachi Energy resulting from higher discount rates caused by a sharp rise in interest rates, among other factors.」
Higher discount rates caused by a sharp rise in interest rates and other factors resulted in impairment losses at Hitachi Energy, and other expenses increased ¥121.1 billion year on year to ¥152.3 billion. - FY2022WorsenedAnnual report
「The world today is an era in which future developments are difficult to predict. Various changes are taking place, including climate change, resource shortages, demographic changes resulting from population aging, and urbanization issues. In addition, the COVID-19 pandemic and the conflict in Ukraine have brought dramatic changes to society, the economy and other areas worldwide, seriously affecting economies in countries around the world.」
In addition to the existing risks of an economic slowdown and COVID-19, geopolitical factors, including the conflict in Ukraine, were explicitly identified as having an adverse impact on the global economy. - FY2022-Q3MitigatedAnnual report
「Revenue increased 23% from the same period of the previous year to ¥7,346.6 billion, due to the recovery in market conditions that had deteriorated due to the impact of COVID-19, foreign exchange effects, the business integration involving Hitachi Astemo, Inc. (the integration of Hitachi Automotive Systems, Ltd. with Keihin Corporation, Showa Corporation and Nissin Kogyo Co., Ltd.), the acquisition of ABB Ltd's power grids business, and increased revenue from the acquisition of GlobalLogic Inc. (hereinafter, "GlobalLogic"), among other factors.」
The recovery in market conditions that had deteriorated due to the impact of COVID-19 was reported as a factor contributing to higher revenue, and consolidated revenue increased 23% year on year to ¥7,346.6 billion. The easing of some risk impacts is reflected in the results. - FY2022-Q2MitigatedAnnual report
「Revenue increased 29% from the same period of the previous year to ¥4,832.6 billion, due to the recovery in market conditions that had deteriorated due to the impact of COVID-19, foreign exchange effects, the business integration involving Hitachi Astemo, Inc. (the integration of Hitachi Automotive Systems, Ltd. with Keihin Corporation, Showa Corporation and Nissin Kogyo Co., Ltd.), the acquisition of ABB Ltd's power grids business, and increased revenue from the acquisition of GlobalLogic Inc. (hereinafter, "GlobalLogic"), among other factors.」
The recovery in market conditions that had deteriorated due to the impact of COVID-19 was reported as a factor contributing to higher revenue, and consolidated revenue increased 29% year on year to ¥4,832.6 billion. - FY2022-Q1MitigatedAnnual report
「Recovery in market conditions that had deteriorated due to the impact of COVID-19」
The recovery in market conditions that had deteriorated due to COVID-19 was reported as a factor contributing to higher revenue, and the impact on demand eased in part during the quarter. - FY2021MaterialisedAnnual report
「The global spread of COVID-19 has caused restrictions on movement through lockdowns and bans or requests to refrain from going out, the closure of business locations, constraints on production activities, declines in personal consumption and capital investment, supply chain disruptions, sporadic volatility in global capital markets and deterioration in financing conditions, among other effects. This has led to a deterioration in the global economy and adversely affected the Group's business, financial condition and operating results.」
The impact of COVID-19 has continued to materialize through business locations, production, demand, supply chains and capital markets. - FY2021-Q3MaterialisedAnnual report
「Revenue decreased 6% from the same period of the previous year to ¥5,979.0 billion, despite increased revenue in the Energy sector, including revenue from the acquisition of ABB Ltd's power grids business, due to lower revenue in the Life sector, Hitachi Metals and Hitachi Construction Machinery resulting from the sale of shares in Hitachi Chemical Co., Ltd. and the impact of COVID-19, among other factors.」
The impact of COVID-19 continued to contribute to lower revenue in the Life sector, Hitachi Metals and Hitachi Construction Machinery, resulting in a 6% year-on-year decrease in revenue for the first nine months. - FY2021-Q2MaterialisedAnnual report
「Revenue decreased 11% from the same period of the previous year to ¥3,760.0 billion, despite increased revenue in the Energy sector, including revenue from the acquisition of ABB Ltd's power grids business, due to lower revenue in the Life sector, Hitachi Construction Machinery and Hitachi Metals resulting from the sale of shares in Hitachi Chemical Co., Ltd. and the impact of COVID-19, among other factors.」
The impact of COVID-19 continued to be reflected in lower revenue in the Life sector, Hitachi Construction Machinery and Hitachi Metals, resulting in an 11% year-on-year decrease in consolidated revenue for the first half. This indicates that the impact has continued since the previous period. The risk has materialized and has been quantified. - FY2021-Q1MaterialisedAnnual report
「Revenue decreased 22% from the same period of the previous year to ¥1,594.2 billion, due to the impact of COVID-19 and the decrease in revenue resulting from the sale of shares in Hitachi Chemical Co., Ltd., despite increased revenue in the Energy and Industry sectors.」
The impact of COVID-19 was reflected in a 22% year-on-year decrease in consolidated revenue in the first quarter. - FY2020WorsenedAnnual report
「The COVID-19 pandemic brought dramatic changes to society, the economy and other areas worldwide, seriously affecting economies in countries around the world.」
In addition to the existing risks of an economic slowdown and uncertainty, COVID-19 caused a serious adverse impact on the global economy. - FY2019WorsenedAnnual report
「During the current fiscal year, the global economy as a whole continued to expand moderately, although there were signs of an economic slowdown.」
Although overall expansion continued, clear signs of an economic slowdown emerged, adding a new downside factor to the moderate economic expansion seen through the previous fiscal year. - FY2018-Q3RestatedAnnual report
「During the first nine months of the current fiscal year, the global economy as a whole continued to expand moderately.」
As in the previous quarter, the company reported that the global economy as a whole continued to expand moderately. - FY2018-Q2RestatedAnnual report
「During the first half of the current fiscal year, the global economy as a whole continued to expand moderately.」
As in the previous quarter, the company reported that the global economy continued to recover and expand moderately. There was no substantive new development in the assessment of the risk environment. - FY2018-Q1MitigatedAnnual report
「During the first quarter of the current fiscal year, the global economy as a whole continued to recover moderately.」
Whereas uncertainty and concerns about an economic slowdown in the global economy had been reported through the previous year, the company reported that the economy as a whole continued to recover moderately this quarter. - FY2017RestatedAnnual report
「The outlook for the global economy remains uncertain, but」
Although some improvement was seen in the United States, Europe and China, uncertainty in the global economy, including emerging markets and foreign exchange markets, continues to be viewed as a risk. - FY2017-Q3MaterialisedAnnual report
「In Europe, the UK economy slowed following the decision to leave the EU in a referendum, but moderate economic growth continued in the euro area, supported by increased government spending and firm personal consumption. In China, government infrastructure investment and other measures supported the economy, but the decline in the growth rate continued.」
The economic slowdown following the UK's decision to leave the EU and China's lower growth rate continued through the cumulative third quarter, while moderate growth was reported in the eurozone and elsewhere. - FY2017-Q2MaterialisedAnnual report
「During the first six months of the current second quarter, the US economy saw firm personal consumption and housing investment as employment conditions improved. In Europe, the pound weakened following the UK's decision to leave the EU in a referendum, while economic growth in China and emerging markets continued to slow. The Japanese economy also remained stagnant, partly because the trend toward yen appreciation that began at the end of 2015 continued.」
The UK's EU withdrawal concerns noted in the previous quarter materialized as a decision to leave following the referendum, while slower growth in China and emerging markets continued. - FY2017-Q1MaterialisedAnnual report
「In Europe, financial and foreign exchange markets became unstable amid growing concerns about the UK's withdrawal from the EU, while economic growth in China and emerging markets continued to slow. As a result, the global economy as a whole remained stagnant.」
Concerns about the UK's withdrawal from the EU, instability in European financial and foreign exchange markets, and slower growth in China and emerging markets emerged as economic conditions during the quarter. - FY2016First statedAnnual report
「If economic conditions slow or enter recession in the United States, Europe, China, emerging markets or Japan, this may reduce personal consumption and capital investment, resulting in lower demand for the products and services provided by the Group and adversely affecting the Group's financial position, operating results and cash flows.」
Economic conditions in major regions are described as external risks affecting demand for products and services, the financial position, operating results and cash flows.