Business environment uncertainty due to the global economic slowdown and geopolitical factors
First written in FY2017-Q3. 7 of 9 entries say "Worsened", first in FY2019. Latest entry: FY2026.
Sony Group moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 45 of 77 companies on the "Worse" side.
36 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「If conditions deteriorate further, this could create international tensions, lead to deterioration in Sony's operations in other regions or in global economic conditions, and adversely affect Sony's operating results and financial condition. In addition, if the rapid deterioration in the situation in the Middle East from the second half of fiscal 2025 onward leads to a more severe or prolonged rise in crude oil prices or disruption to supply, this could adversely affect operating results in the G&NS, ET&S and I&SS segments.」
For geopolitical risk, the rapid deterioration of the situation in the Middle East, higher crude oil prices, and more severe or prolonged effects on supply were identified as new impact channels. - FY2025WorsenedAnnual report
「The outlook for the global economy has become rapidly more uncertain due to increasing opacity surrounding the situations in Ukraine and Russia and in the Middle East, as well as a series of US tariff policies and related concerns about a global economic slowdown.」
In addition to geopolitical risks, US tariff policies and concerns about a global economic slowdown were added as new sources of uncertainty. - FY2024WorsenedAnnual report
「The outlook for the global economy has become increasingly uncertain due to the prolonged Russian military invasion of Ukraine and increasing instability in the Middle East.」
In addition to the existing situation involving Ukraine and Russia, increasing instability in the Middle East was added as a source of uncertainty for the global economy. - FY2023WorsenedAnnual report
「Uncertainty surrounding the global economy has increased further, as rapid interest-rate increases in various countries have led to concerns about financial system stability, particularly in Europe and the United States.」
In addition to the novel coronavirus, US-China relations, and the situation between Ukraine and Russia, inflation, rapid interest-rate increases and concerns about financial system stability were identified as new sources of uncertainty for the global economy. - FY2022MaterialisedAnnual report
「Following the deterioration in the situation between Ukraine and Russia in fiscal 2021, Sony has suspended its operations in Russia as of the filing date of this document.」
Geopolitical risk materialized in the form of deterioration in the situation between Ukraine and Russia and the suspension of operations in Russia. - FY2021WorsenedAnnual report
「Meanwhile, uncertainty surrounding the global economy remains high due in part to the potential impact of the spread of variants.」
It was stated that uncertainty surrounding the global economy and the business environment was continuing and expanding, including due to novel coronavirus variants, US-China trade friction, and shortages of semiconductors and components. - FY2020WorsenedAnnual report
「Uncertainty surrounding the global economy has increased due in part to the continued difficulty of determining when the spread of the novel coronavirus will subside and the resurgence of US-China trade friction.」
In addition to existing uncertainty from US-China trade friction and Brexit, the spread of the novel coronavirus increased uncertainty surrounding the global economy. - FY2019WorsenedAnnual report
「Meanwhile, depending on future developments in the Chinese economy, US-China trade friction and the UK's withdrawal from the European Union, the global economy could enter a period of slowdown.」
The Chinese economy, US-China trade friction and the UK's withdrawal from the European Union were identified as new uncertainties that could lead to a global economic slowdown. - FY2017-Q3First statedAnnual report
「The global economic recovery has weakened further amid increasing financial turmoil. Recovery in advanced economies has been modest, prospects for emerging economies have been mixed, and overall conditions are weaker than they have been over the past 20 years. In addition, anxiety arising from non-economic factors related to geopolitical conflicts, political discord and terrorism is weighing on some countries and regions and could have a significant impact on global economic activity.」
The weakness of economic recoveries in advanced and emerging economies, financial turmoil and geopolitical conflicts are cited as sources of business environment uncertainty.