Concern about a recession resulting from monetary tightening to curb inflation
First written in FY2022. 6 of 10 entries say "Restated". Latest entry: 2026-08-14.
Ulvac moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 25 of 36 companies on the "Worse" side.
37 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「During the current interim consolidated accounting period, the global economy was expected to remain on a moderate recovery track, but uncertainty over the outlook increased as concerns grew about the risk of a downturn in overseas economies owing to the wider impact of volatility in financial and capital markets, developments in trade policy and other factors.」
In addition to the previous concerns about an economic downturn resulting from monetary tightening and other factors, the impact of volatility in financial and capital markets and developments in trade policy was identified as a risk of a downturn in overseas economies. - FY2025WorsenedAnnual report
「During the current consolidated fiscal year, the global economy remained on a moderate recovery track, but uncertainty over the outlook increased as concerns grew about the risk of a downturn in overseas economies owing to the wider impact of volatility in financial and capital markets, developments in trade policy and other factors.」
In addition to the previous concerns about an economic downturn resulting from monetary tightening, risks of a downturn in overseas economies stemming from volatility in financial and capital markets and developments in trade policy were identified. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter of the current fiscal year, the global economy remained on a moderate recovery track, but uncertainty over the outlook increased as concerns grew about the risk of a downturn in overseas economies associated with global monetary tightening.」
While the global economy was described as being on a recovery track, concerns about the risk of a downturn in overseas economies associated with global monetary tightening and uncertainty over the outlook persisted. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, the global economy remained on a moderate recovery track, but uncertainty over the outlook increased as concerns grew about the risk of a downturn in overseas economies associated with global monetary tightening.」
While the global economy was described as being on a recovery track, concerns about the risk of a downturn in overseas economies associated with global monetary tightening and uncertainty over the outlook persisted. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, the global economy remained on a moderate recovery track, but uncertainty over the outlook increased as concerns grew about the risk of a downturn in overseas economies associated with global monetary tightening.」
While the global economy was described as being on a recovery track, concerns about the risk of a downturn in overseas economies associated with global monetary tightening persisted, as did uncertainty over the outlook. - FY2023-Q3RestatedAnnual report
「During the nine months ended the third quarter, the global economy followed a moderate recovery trend, but uncertainty over the outlook increased due to rising resource prices associated with heightened geopolitical risks, supply chain disruptions, continued shortages of some components and growing concerns about an economic downturn caused by monetary tightening in various countries to curb inflation.」
Monetary tightening to curb inflation and the resulting recession concerns continued to be identified as sources of uncertainty in the external environment. - FY2023-Q2RestatedAnnual report
「During the six months ended the second quarter, the global economy followed a moderate recovery trend, but uncertainty over the outlook increased due to rising raw material prices, supply chain disruptions, prolonged component shortages and growing concerns about an economic downturn caused by monetary tightening in various countries to curb inflation.」
Monetary tightening to curb inflation and the resulting recession concerns continued to be identified as sources of uncertainty in the external environment. - FY2022First statedAnnual report
「Uncertainty over the outlook for the global economy increased, owing in part to growing concerns about recession associated with monetary tightening in various countries to curb inflation.」
Monetary tightening in various countries aimed at curbing inflation, and the resulting recession concerns, were identified as new sources of uncertainty in the external environment.