Uncertainty over the Outlook Due to the Economic Slowdown in Europe and China and the UK's Withdrawal from the EU
First written in FY2017-Q1. 17 of 27 entries say "Worsened", first in FY2017-Q3. Latest entry: FY2026.
Wacom moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 34 of 41 companies on the "Worse" side.
15 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The global economy remained uncertain as geopolitical tensions arising from the situation in Russia and Ukraine and the Middle East intensified, while higher energy and raw-material prices affected economic activity.」
The report states that, in addition to geopolitical tensions, the impact of higher energy and raw-material prices on economic activity was actually observed and uncertainty over the outlook continued. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, from 1 April 2025 to 30 September 2025, the global economy remained uncertain, with geopolitical tensions arising from the situation in Russia and Ukraine and the Middle East continuing and economic activity being brought forward in anticipation of US tariff policies.」
The report continues to identify the situation in Russia and Ukraine, geopolitical tensions in the Middle East, economic activity being brought forward in response to US tariff policies, and uncertainty over the outlook as business-environment risks. - FY2025WorsenedAnnual report
「The global economy remained subject to continuing geopolitical tensions arising from the situation in Russia and Ukraine and the Middle East, while the announcement of new US tariff policies left the impact on subsequent inflation trends and economic sentiment uncertain.」
The report states that, in addition to geopolitical tensions, new US tariff policies increased uncertainty over inflation trends and economic sentiment. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, from 1 April 2024 to 30 September 2024, the global economy experienced steady growth despite continuing geopolitical tensions arising from the situation in Russia and Ukraine and the Middle East, supported by slowing inflation and monetary easing measures by central banks in major countries excluding Japan.」
The report states that steady economic growth was observed against a backdrop of slowing inflation and monetary easing measures by major countries, while geopolitical tensions arising from the situation in Russia and Ukraine and the Middle East continued. - FY2024Steady economic growth amid geopolitical tensions and high interest ratesAnnual report
「The global economy experienced steady growth despite continuing geopolitical tensions arising from the situation in Russia and Ukraine and the Middle East, supported by persistently high interest rates following monetary tightening by central banks in major countries and a steady slowdown in inflation.」
The report states that steady economic growth was observed against a backdrop of slowing inflation, while geopolitical tensions and high interest rates continued. - FY2024-Q3WorsenedAnnual report
「The global economy experienced slower growth amid continuing geopolitical tensions arising from the situation in Russia and Ukraine and the Middle East. Although inflation in energy and food prices was showing signs of slowing, high interest rates remained in place following monetary tightening by central banks in major countries.」
In addition to the previously noted situation in Russia and Ukraine, inflation and monetary tightening, the report describes geopolitical tensions arising from the Middle East and slower economic growth against a backdrop of persistently high interest rates. - FY2024-Q2RestatedAnnual report
「During the second quarter of the consolidated cumulative period, from 1 April 2023 to 30 September 2023, the global economy experienced slower growth due to heightened geopolitical tensions arising from the situation in Russia and Ukraine, surging energy and food prices, and higher interest rates resulting from monetary tightening by central banks in major countries.」
The report continues to identify slower economic growth against a backdrop of geopolitical tensions, surging energy and food prices, monetary tightening and higher interest rates as a business-environment risk. - FY2024-Q1WorsenedAnnual report
「During the first quarter of the consolidated cumulative period, from 1 April 2023 to 30 June 2023, the global economy experienced slower growth due to heightened geopolitical tensions arising from the situation in Russia and Ukraine, surging energy and food prices, and higher interest rates resulting from monetary tightening by central banks in major countries.」
The report states that economic growth slowed against a backdrop of geopolitical tensions, surging energy and food prices, monetary tightening and higher interest rates. - FY2023The reopening of economic activity coexisted with continued uncertaintyAnnual report
「As economic activity resumed with the containment of COVID-19, the global economy remained subject to heightened geopolitical tensions arising from the situation in Russia and Ukraine, surging energy and food prices, and expectations that interest rates would remain high following continued monetary tightening by central banks in major countries.」
The report describes a situation in which economic activity was resuming as COVID-19 was brought under control, while geopolitical tensions, surging energy and food prices, monetary tightening and higher interest rates continued. - FY2023-Q3WorsenedAnnual report
「During the third quarter of the consolidated cumulative period, from 1 April 2022 to 31 December 2022, the global economy experienced slower growth amid the COVID-19 pandemic due to heightened geopolitical tensions arising from the situation in Russia and Ukraine, surging energy and food prices, higher interest rates resulting from monetary tightening by central banks in major countries, and renewed infections as new variants emerged.」
In addition to the previously noted geopolitical tensions, renewed infections and inflation, the report describes higher interest rates resulting from monetary tightening in major countries and surging energy and food prices, and explains that slower economic growth was actually observed. - FY2023-Q1WorsenedAnnual report
「In the business environment surrounding the Group, the global economy remained uncertain, with risks of slower economic growth, amid the COVID-19 pandemic. Factors included heightened geopolitical tensions arising from the situation in Russia and Ukraine, surging energy and food prices, renewed infections as new variants emerged, lockdowns in some regions of China, and supply-chain disruptions.」
In addition to the previously noted renewed infections and inflation, the report identifies geopolitical tensions arising from the situation in Russia and Ukraine, surging energy and food prices, lockdowns in China and supply-chain disruptions as factors contributing to uncertainty. - FY2022WorsenedAnnual report
「As supply-demand imbalances and policy support during the COVID-19 pandemic drove inflation in many countries and prompted tighter monetary policy, the situation in Russia and Ukraine pushed uncertainty over the global economic outlook to exceptionally high levels. Its economic losses are expected to contribute to a significant slowdown in global growth and accelerate price increases.」
In addition to the previously noted pandemic, uneven recovery and inflation, the report adds geopolitical tensions arising from the situation in Russia and Ukraine and the risks of higher prices and slower growth. - FY2022-Q3WorsenedAnnual report
「In this business environment, the global economy saw uneven recovery due to differences in vaccination rates and the effectiveness of policy support among countries amid the COVID-19 pandemic. While economic recovery progressed rapidly in several developed countries, including the US, rising inflationary pressure, reduced fiscal support and the renewed spread of infections as new variants emerged contributed to continued uncertainty and the risk of slower economic growth.」
In addition to the previously noted renewed infections and uneven recovery, inflationary pressure, reduced fiscal support and the risk of slower economic growth were added as factors contributing to uncertainty. - FY2022-Q1WorsenedAnnual report
「During the first quarter of the consolidated cumulative period, from 1 April 2021 to 30 June 2021, the global economy saw uneven recovery across regions due to differences in vaccination progress and the effectiveness of policy support among countries amid the COVID-19 pandemic. While economic recovery progressed rapidly in several developed countries, including the US, recovery lagged in emerging and developing countries excluding China. In addition, infections again spread as new variants of the virus emerged, and uncertainty continued.」
The report describes regional differences in the global recovery, slower recoveries in emerging and developing countries, and renewed infections caused by new variants, specifying factors contributing to uncertainty over the outlook. - FY2021WorsenedAnnual report
「There was subsequently a gradual recovery as countries reopened their economies and China's economy grew. However, the renewed spread of the infection, particularly in developed countries, toward the end of 2020 caused the recovery to lose momentum. Uncertainty over the outlook continued thereafter due to differences in the progress of vaccinations and the effectiveness of policy support in different countries.」
The recovery after the COVID-19 recession lost momentum due to renewed infections in developed countries, while differences in vaccination progress and policy support also contributed to continued uncertainty. - FY2021-Q3WorsenedAnnual report
「There was subsequently a gradual recovery as countries reopened their economies and China's economy grew. However, in the third quarter of the consolidated accounting period, October to December 2020, the infection spread again, particularly in developed countries, causing the recovery to lose momentum, and uncertainty over the outlook continued.」
The situation deteriorated from a gradual recovery after the reopening of economic activity to a loss of momentum caused by the renewed spread of the infection, particularly in developed countries, with uncertainty over the outlook continuing. - FY2021-Q2Gradual recovery after the reopening of economic activity coexisted with continued uncertaintyAnnual report
「There was subsequently a gradual recovery as countries reopened their economies and China's economy grew, but uncertainty over the outlook continued.」
Following the severe recession caused by COVID-19, there was a gradual recovery as economic activity resumed and China grew, while uncertainty over the outlook persisted. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the consolidated cumulative period, from 1 April 2020 to 30 June 2020, the global economy fell into a severe recession as economic activity was significantly restricted by the COVID-19 pandemic.」
The report states that, in addition to the previously noted recession concerns arising from US-China trade friction and other factors, economic activity was significantly restricted by COVID-19, causing the global economy to fall into a severe recession. - FY2020-Q3Low growth in the global economy became evident in the resultsAnnual report
「In the business environment surrounding the Group, the global economy remained in a low-growth phase as trade and investment stagnated due to escalating US-China trade friction.」
The report describes stagnation in trade and investment and low growth in the global economy against a backdrop of escalating US-China trade friction. - FY2020-Q2RestatedAnnual report
「During the second quarter of the consolidated cumulative period, from 1 April 2019 to 30 September 2019, concerns over a global economic recession increased due to factors including escalating US-China trade friction.」
The report continues to identify recession concerns arising from escalating US-China trade friction as a business-environment risk. - FY2020-Q1WorsenedAnnual report
「During the first quarter of the consolidated cumulative period, from 1 April 2019 to 30 June 2019, concerns over a global economic recession grew further due to factors including escalating US-China trade friction.」
The report states that concerns over a global economic recession increased further due to escalating US-China trade friction, in addition to the previously noted trade friction and recession concerns. - FY2019WorsenedAnnual report
「Concerns include recession risks such as escalating trade friction, the UK's potential "no-deal" exit from the EU, and deteriorating investor sentiment in financial markets as a result.」
In addition to the UK's exit negotiations with the EU and geopolitical tensions, the report adds trade friction, a no-deal exit and deteriorating investor sentiment as recession risks. - FY2018RestatedAnnual report
「Looking ahead, concerns include the impact on the global economy of recession risks such as the rise of protectionism in the US, uncertainty over negotiations on the UK's exit from the EU, and geopolitical tensions in the Middle East, Asia and elsewhere.」
The report continues to identify US protectionism, negotiations on the UK's exit from the EU, and geopolitical tensions in the Middle East and Asia as risks to the economy and business environment. - FY2017WorsenedAnnual report
「While gradual growth in the global economy is expected, concerns also include the impact of protectionist US trade policies and the uncertain situation in the Middle East and Asia. Foreign exchange markets are also expected to remain volatile, reflecting these factors.」
In addition to the UK's exit from the EU and the slowdown in China's economy, the report adds US protectionist policies and conditions in the Middle East and Asia as sources of concern. - FY2017-Q3WorsenedAnnual report
「During the third quarter of the consolidated cumulative period, from 1 April 2016 to 31 December 2016, unexpected political developments, including the UK's decision to leave the EU and the transition to the next US administration, increased uncertainty over the economic outlook. Toward the end of the period, however, expectations for a recovery in the global economy led by the US increased.」
The report added the transition to the next US administration, in addition to the UK's exit from the EU, as an unexpected political factor and stated that uncertainty over the economic outlook had increased. - FY2017-Q2RestatedAnnual report
「During the second quarter of the consolidated cumulative period, the business environment surrounding the Group remained at a pause in the world's gradual recovery, with economic growth slowing in China and the recovery in Japan also losing momentum. In addition, uncertainty over the outlook widened as a result of such developments as the UK's decision to leave the EU.」
The report continues to describe slower growth in China, the stalled recovery in Japan and uncertainty over the outlook due to the UK's exit from the EU. - FY2017-Q1First statedAnnual report
「The business environment surrounding the Group remained at a pause in the world's gradual recovery, with economic growth slowing in Europe and China and the recovery in Japan also losing momentum. In addition, uncertainty over the outlook widened as a result of such developments as the UK's decision to leave the EU.」
The description of the business environment newly specifies uncertainty over the outlook following slower economic growth in Europe, China and elsewhere and the UK's exit from the EU.