Uncertainty Surrounding Geopolitics, the Chinese Economy and Financial Markets

「国内のEV/電池向け試験需要は、EV投資の調整局面を背景に顧客の投資に延伸がみられ、試験装置の需要には不透明さがあります。」

「In domestic testing demand for EVs and batteries, customer investment has been postponed due to the impact of US tariff policies and an adjustment in EV investment, leaving demand for testing equipment uncertain.」

「環境計測事業の分野では、国内のEV/電池向け試験需要は、米国関税政策の影響やEV投資の調整局面を背景に顧客の投資に延伸がみられ、試験装置の需要には不透明さがあります。」

「During the interim consolidated accounting period, customer investment that had been postponed due to US tariff policies gradually recovered, but not enough to offset the decline in the first quarter, resulting in lower revenue year on year.」

「Regarding the operating environment, in addition to higher prices and interest rates, rising geopolitical risk and the prolonged difficulty of procuring components are important risk factors for business performance.」

「Looking ahead, concerns are growing that the global economy may enter a recession due to higher prices, monetary tightening and rising geopolitical risk, among other factors.」

「In addition to higher prices and interest rates, rising geopolitical risk and the prolonged global semiconductor shortage are important risk factors for business performance.」

「In addition, rising geopolitical risk associated with the prolonged Russian invasion of Ukraine, higher resource prices and the prolonged global semiconductor shortage are important risk factors for business performance.」

「In addition, rising geopolitical risk associated with the worsening situation in Ukraine, higher resource prices and the prolonged global semiconductor shortage are important risk factors for business performance.」

「During the cumulative consolidated period through the third quarter, moderate economic expansion continued, particularly in developed countries, despite escalating US-China trade war. In Japan, personal consumption remained firm as employment conditions continued to improve. Although US-China tensions are temporarily subdued following such developments as the agreement on Phase One of the US-China trade negotiations, the risk of renewed escalation remains. Risks related to the politics and policies of individual countries are also increasing, including the shift in US policy toward the Middle East and political and economic instability until the UK's withdrawal from the EU is completed.」

「During the cumulative consolidated period through the second quarter, moderate economic expansion continued, particularly in developed countries, despite escalating US-China trade war. In Japan, personal consumption remained firm as employment conditions continued to improve, but risks related to the politics and policies of individual countries increased, including the shift in US policy and the UK's withdrawal from the EU.」

「During the cumulative consolidated period through the first quarter, moderate economic expansion continued, particularly in developed countries, despite escalating US-China trade friction. Japan also remained on a recovery track as corporate earnings and employment conditions continued to improve, but risks related to the politics and policies of individual countries increased.」

「During the cumulative consolidated period through the third quarter, the global economy remained on a recovery track as economic expansion continued, particularly in developed countries, while corporate earnings and employment conditions continued to improve in Japan. However, uncertainty increased due to US-China trade friction and conflicts arising from protectionism.」

「During the cumulative consolidated period through the second quarter, the global economy remained on a recovery track as economic expansion continued, particularly in developed countries, while corporate earnings and employment conditions continued to improve in Japan. However, uncertainty increased due to US-China trade friction and conflicts arising from protectionism.」

「During the cumulative consolidated period through the first quarter, the global economy remained on a recovery track as economic expansion continued, particularly in developed countries, while corporate earnings and employment conditions continued to improve in Japan. However, uncertainty increased due to US-China trade friction and conflicts arising from protectionism.」

「Uncertainty about the outlook has also emerged, including uncertainty surrounding the UK's EU withdrawal negotiations, geopolitical risks in East Asia and the Middle East, and the risk of intellectual-property disputes in the information and communications sector arising from US-China trade friction.」

「During the cumulative consolidated period through the third quarter, the global economy continued to expand moderately, particularly in developed countries, while Japan remained on a recovery track as corporate earnings and employment conditions continued to improve. However, concerns about global risks also persisted, including uncertainty surrounding the UK's EU withdrawal negotiations and heightened tensions in East Asia.」

「During the cumulative consolidated period through the second quarter, the global economy continued to expand moderately, particularly in developed countries, while Japan remained on a recovery track as corporate earnings and employment conditions continued to improve. However, concerns about global risks also persisted, including uncertainty surrounding the UK's EU withdrawal negotiations and heightened tensions in East Asia.」

「However, concerns about the economic outlook have intensified as global risks increased, including difficult negotiations over the UK's withdrawal from the EU, slowing growth in emerging-market economies and heightened tensions in East Asia.」

「Unstable factors are increasing, including political and economic turmoil in Europe, represented by the UK's withdrawal from the EU, heightened geopolitical risks on the Korean Peninsula and elsewhere, and macroeconomic trends in China, leaving the outlook uncertain.」

「During the cumulative consolidated period through the third quarter, the global economy remained uncertain, including the UK's withdrawal from the EU and slowing economic growth in China. In the US, although the economy continued to recover, views on the economic outlook are undergoing significant change following the presidential election amid expectations for economic stimulus measures by the incoming administration, caution over protectionism and the decision to raise interest rates.」

「During the cumulative consolidated period through the second quarter, the global economy remained uncertain. The US economy continued to recover, while uncertainty persisted over the UK's withdrawal from the EU and slowing economic growth in China.」

「During the cumulative consolidated period through the first quarter, the global economy remained uncertain. The US economy continued to recover, while uncertainty persisted over the UK's withdrawal from the EU and slowing economic growth in China.」

「Unstable factors are increasing, including trends in the Chinese economy, heightened geopolitical risks in the Middle East and elsewhere, and market disruption caused by negative interest-rate policies in Japan and Europe, leaving the outlook uncertain.」