Risk of Economic Uncertainty from U.S. Tariff Policy and Chinese Economic Slowdown
First written in FY2025. 1 of 2 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2020: 5 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, the global economy was generally on a gradual recovery trend due to economic support measures in major countries. However, uncertainty about the outlook continued due to factors including developments in US tariff policy, the downturn in the Chinese economy, and prolonged geopolitical risks arising from the situations in Ukraine and the Middle East.」
The company continues to identify developments in U.S. tariff policy and the stagnation of the Chinese economy as new sources of uncertainty in the external environment. - FY2025First statedAnnual report
「Meanwhile, the economic outlook remains uncertain due to geopolitical risks, including the US review of its tariff policy, higher purchase prices resulting from persistently high resource and raw-material prices, the prolonged Russia-Ukraine situation, and instability in the Middle East.」
The company describes the review of U.S. tariff policy as a new source of uncertainty in the external environment, while also referring to the slowdown of the Chinese economy and developments in U.S. economic policy.