Deteriorating Economic Conditions and Security in China and Southeast Asia
First written in FY2016. 8 of 13 entries say "Restated". Latest entry: FY2024-Q3.
Saxa moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2020: 3 of 7 companies on the "Worse" side.
7 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「The business environment remained uncertain due to continued increases in raw-material and crude-oil prices, continued yen depreciation in the foreign exchange market, and rising geopolitical risks.」
Although the description is not limited to China and Southeast Asia, the report continues to describe uncertainty surrounding overseas conditions, including rising geopolitical risks. - FY2022WorsenedAnnual report
「During the fiscal year under review, Japan’s economy continued to be affected by the COVID-19 pandemic, while concerns remained about the impact of factors including the situation in Ukraine on economic activity. The outlook was uncertain, and difficult conditions are expected to continue.」
In addition to conditions in China and Southeast Asia and existing geopolitical risks, the report newly describes concerns about the impact of the situation in Ukraine and other developments on economic activity. - FY2022-Q3WorsenedAnnual report
「The group continued to experience difficulty procuring materials and components, particularly semiconductors, and lost sales opportunities because of global semiconductor shortages and supply-chain instability associated with the spread of COVID-19 in Southeast Asia. It was also affected by higher procurement prices in its business activities.」
The spread of COVID-19 in Southeast Asia and global semiconductor shortages destabilized the supply chain, resulting in difficulty procuring materials and components, lost sales opportunities, and higher procurement prices. - FY2020-Q3WorsenedAnnual report
「During the first nine months of the current fiscal year, domestic demand in Japan remained firm and the economy continued on a moderate recovery trend. However, views that business conditions were deteriorating, particularly in the manufacturing sector, became more prevalent. Overseas, closer attention is required to geopolitical risks arising from the prolonged trade dispute between China and the United States, the prolonged protests against proposed amendments to ordinances in Hong Kong, and escalating tensions between the United States and Iran.」
In addition to the trade dispute between China and the United States, the report cites the prolonged protests in Hong Kong and escalating tensions between the United States and Iran, stating that greater attention must be paid to geopolitical risks in overseas economies. - FY2019RestatedAnnual report
「The group sources from China, Southeast Asia and other regions, and outsources manufacturing to these regions to reduce the cost of materials and other inputs. Deterioration in economic conditions, public safety and other conditions in these regions could adversely affect the group's operating results and financial condition.」
The group reaffirms the risk of deteriorating economic conditions and public safety associated with sourcing from and outsourcing manufacturing to China, Southeast Asia and other regions. - FY2019-Q3RestatedAnnual report
「During the nine-month period ended 31 December, Japan’s economy remained on a gradual recovery trend against the backdrop of solid corporate performance, but the outlook remained uncertain, owing to factors including increased downside risks to the global economy from trade friction based on US-China trade policies and the impact of financial market volatility on the domestic economy.」
The increase in the risk of a downturn in the global economy caused by trade friction between China and the United States, described in the previous quarter, has continued. The report also notes the impact of financial market volatility on the domestic economy. - FY2019-Q2WorsenedAnnual report
「During the first six months of the current fiscal year, Japan's economy remained on a moderate recovery trend against a backdrop of solid corporate earnings, but the outlook remained uncertain due to the increased risk of a downturn in the global economy resulting from trade friction based on the trade policies of China and the United States.」
The report states that trade friction resulting from the trade policies of China and the United States has increased the risk of a downturn in the global economy. - FY2019-Q1RestatedAnnual report
「During the first three months of the current fiscal year, Japan's economy remained on a moderate recovery trend against a backdrop of solid corporate earnings, but the outlook remained uncertain due to continuing political risks in the United States and geopolitical risks in Asia.」
The group reaffirms the uncertainty surrounding the economic outlook due to continuing political risks in the United States and geopolitical risks in Asia. - FY2018RestatedAnnual report
「The group sources from China, Southeast Asia and other regions, and outsources manufacturing to these regions to reduce the cost of materials and other inputs. Deterioration in economic conditions, public safety and other conditions in these regions could adversely affect the group's operating results and financial condition.」
The group reaffirms the risk of deteriorating economic conditions and public safety associated with sourcing from and outsourcing manufacturing to China, Southeast Asia and other regions. - FY2018-Q3RestatedAnnual report
「During the first nine months of the current fiscal year, Japan's economy remained on a moderate recovery trend, but the outlook remained uncertain due to concerns about a slowdown in the Chinese economy, political risks in Europe and the United States, and rising geopolitical risks in Asia.」
The group reaffirms the uncertainty surrounding the economic outlook due to concerns about a slowdown in the Chinese economy, political risks in Europe and the United States, and geopolitical risks in Asia. - FY2018-Q2RestatedAnnual report
「During the first six months of the current fiscal year, Japan's economy remained on a moderate recovery trend, but the outlook remained uncertain due to concerns about a slowdown in the Chinese economy, political risks in Europe and the United States, and rising geopolitical risks in Asia.」
The report describes uncertainty about the economic outlook arising from concerns about a slowdown in the Chinese economy, political risks in Europe and the United States, and geopolitical risks in Asia. - FY2017RestatedAnnual report
「The group sources from China, Southeast Asia and other regions, and outsources manufacturing to these regions to reduce the cost of materials and other inputs. Deterioration in economic conditions, public safety and other conditions in these regions could adversely affect the group's operating results and financial condition.」
The group reaffirms the risk of deteriorating economic conditions and public safety in China, Southeast Asia and other sourcing and contract-manufacturing regions. - FY2016First statedAnnual report
「To reduce the cost of materials and other items, the corporate group procures from China, Southeast Asia, and other regions and outsources manufacturing to these regions. A deterioration in economic conditions or security in these regions may adversely affect the corporate group’s operating performance and financial condition.」
The company identifies deterioration in economic conditions and public safety in overseas sourcing and contract-manufacturing regions as a risk.