Deteriorating economic conditions and capital spending appetite
First written in FY2021. 5 of 8 entries say "Worsened", first in FY2024-Q1. Latest entry: FY2026.
QD Laser moved to the "Worse" side of this theme in 2023, 4 years after the typical company in this theme (2019).
The whole theme swung hardest in 2020: 61 of 76 companies on the "Worse" side.
25 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The outlook is expected to remain uncertain, amid vigilance over geopolitical risks in various regions, including concerns about global supply disruptions and price surges for petroleum-derived products due to the situation in the Middle East and the impact of China's restrictions on rare earths.」
In addition to existing geopolitical and economic risks, supply concerns and price surges due to the situation in the Middle East and China's restrictions on rare earths have been identified as new sources of uncertainty. - FY2026-H1WorsenedAnnual report
「During the interim accounting period, the global economy remained unstable. Uncertainty over the outlook for international trade persisted against the backdrop of the protectionist tariff policies of the new US administration, while the prolonged situation in the Middle East and the Ukraine conflict, as well as fluctuations in foreign exchange rates and prices arising from the monetary and trade policies of various countries, also contributed to instability.」
In addition to existing geopolitical, foreign exchange and price factors, US tariff policy and the situation in the Middle East have continued to emerge as specific sources of uncertainty in the external environment. - FY2025WorsenedAnnual report
「Concerns have grown over the tariff policies imposed on various countries by US President Trump, and the outlook is expected to remain uncertain, alongside vigilance over continuing geopolitical risks in various regions.」
In addition to existing economic and geopolitical risks, concerns about US tariff policy have been identified as a source of uncertainty in the external environment. - FY2024-Q3WorsenedAnnual report
「In addition to the prolonged Russian invasion of Ukraine, the outbreak of military conflict between Israel and Palestine has heightened geopolitical risks. Together with the weakening yen and rising prices, these factors mean that the outlook remains uncertain.」
In addition to the existing factors related to Ukraine, the weakening yen and rising prices, the heightened geopolitical risk arising from the outbreak of military conflict between Israel and Palestine has been newly disclosed. - FY2024-Q2RestatedAnnual report
「Although the economy is showing signs of a gradual recovery, supported by the normalization of economic activity, a recovery in personal consumption driven by rising wages and an increase in inbound tourism, the outlook remains uncertain due to prolonged geopolitical risks, the weakening yen and rising prices.」
While the economy is showing a gradual recovery trend, continued uncertainty in the outlook due to geopolitical risks, the weakening yen and rising prices has been noted. - FY2024-Q1WorsenedAnnual report
「Conditions remain uncertain, with resource and various raw material prices staying high due to the prolonged Russia-Ukraine situation, along with concerns about an economic downturn caused by global monetary tightening.」
In addition to persistently high resource and raw material prices, concerns about an economic downturn caused by global monetary tightening have been identified, giving specific form to the uncertainties surrounding the economic and capital investment environment. - FY2022RestatedAnnual report
「Market growth may slow due to domestic and international economic conditions, economic trends and the resulting decline in capital investment appetite, among other factors」
The risk of slower market growth due to economic trends and weakening capital investment appetite has been reiterated. - FY2021First statedAnnual report
「Market growth may slow due to domestic and international economic conditions, economic trends and the resulting decline in capital investment appetite, among other factors」
The company has stated that changes in economic conditions and capital investment appetite may affect performance through slower growth in the laser-related market.