Escalating Global Trade Friction
First written in FY2019-Q2. 6 of 18 entries say "Materialised", first in FY2019. Latest entry: FY2026.
Kyosha 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: 3 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2026Re-emergence of trade risks from U.S. tariff policyAnnual report
「Impact of U.S. tariff policy on the global economy」
In connection with the global trade friction described in the past, the impact of U.S. tariff policy on the global economy was explicitly identified as an uncertainty factor for the current fiscal year. - FY2026-H1Re-emergence of trade risks from U.S. tariff policyAnnual report
「Impact of U.S. tariff policy on the global economy」
In connection with the global trade friction described in the past, the impact of U.S. tariff policy on the global economy was again explicitly identified as a concern during the current interim period. - FY2023DroppedAnnual reportThe description of major risks and the business environment for the current fiscal year contains no direct reference to the intensification of global trade friction.
- FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company stated that there had been no material changes in the risks relating to escalating global trade friction. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company stated that there had been no material changes in the risks relating to escalating global trade friction. - FY2023-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
The Company stated that there had been no material changes in the risks relating to escalating global trade friction. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company stated that there had been no material changes in the risks relating to escalating global trade friction. - FY2021RestatedAnnual report
「The operating environment for the printed wiring board industry in which the company operates remains uncertain due to the effects of U.S.-China trade friction and the spread and prolonged impact of COVID-19.」
The prolonged U.S.-China trade friction and the COVID-19 pandemic continued to be identified as major sources of uncertainty in the business environment. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company stated that there had been no material changes in the risks relating to escalating global trade friction. - FY2021-Q2MaterialisedAnnual report
「Overseas, in addition to prolonged US-China trade friction, the impact of the COVID-19 pandemic caused orders to decline in China in the automotive-related, office equipment and home appliance fields, including LED lighting, and in Indonesia, mainly in the automotive-related and home appliance fields.」
The prolonged U.S.-China trade friction and the COVID-19 pandemic coincided, materializing in the business environment through declining orders in key sectors in China and Indonesia. - FY2021-Q1MaterialisedAnnual report
「Overseas, prolonged US-China trade friction and the impact of the COVID-19 pandemic caused orders to remain weak in China, mainly in the office equipment and home appliance fields, including LED lighting, and in Indonesia, mainly in the automotive-related field.」
The prolonged U.S.-China trade friction, coinciding with the COVID-19 pandemic, materialized in the operating environment through weak orders in key sectors in China and Indonesia. - FY2020WorsenedAnnual report
「Overseas, in addition to the prolonged U.S.-China trade friction, the global spread of COVID-19 increased downside risks to the economies of emerging Asian countries, including China, and demand remained sluggish.」
The prolonged U.S.-China trade friction, compounded by the spread of COVID-19, was described as having further heightened downside risks to the economies of China and emerging Asian economies and weakened demand. - FY2020-Q3MaterialisedAnnual report
「Overseas, including in China, emerging Asian markets remained on a slowing economic trend due to weak exports amid uncertainty arising from US-China trade friction, and demand struggled to grow.」
Uncertainty surrounding U.S.-China trade friction materialized in the business environment through weak exports, economic slowdowns and sluggish demand in China and emerging Asian economies. - FY2020-Q2MaterialisedAnnual report
「During the first half of the fiscal year, the printed circuit board industry in which the Company operates saw sluggish domestic demand, mainly due to declining exports of electronic components and other products to China and ASEAN. Overseas, economies in emerging Asian countries, including China, continued to slow as trade friction between the United States and China intensified, while exports remained at low levels, causing demand to stagnate.」
The intensification of U.S.-China trade friction materialized in the business environment through economic slowdowns in China and emerging Asian economies, weak exports and sluggish domestic and overseas demand. - FY2020-Q1MaterialisedAnnual report
「Overseas, economic slowdowns continued in emerging Asian economies, including China, amid intensifying U.S.-China trade friction, and demand remained sluggish as exports stayed at low levels.」
The intensification of U.S.-China trade friction materialized in the business environment through economic slowdowns in China and emerging Asian economies, weak exports and sluggish demand. - FY2019MaterialisedAnnual report
「Overseas, as trade friction between the United States and China intensified, export growth in China and emerging Asian economies slowed from the second half of the period, and the effects spread to the real economy, heightening uncertainty about the economic outlook.」
The intensification of U.S.-China trade friction materialized in the form of slower exports and an impact on the real economy, exposing risks in the business environment. - FY2019-Q3WorsenedAnnual report
「Overseas, moderate growth centered on domestic demand continued in emerging Asian economies, but signs of a slowdown in China's economic recovery emerged. Concerns over an escalation in global trade friction and sharp fluctuations in foreign exchange and financial markets also heightened uncertainty about the outlook.」
The intensification of global trade friction remained a concern, and this time the report described heightened uncertainty about the outlook, together with concerns over a slowdown in China's economic recovery and sharp fluctuations in foreign exchange and financial markets. - FY2019-Q2First statedAnnual report
「Although intensifying global trade friction was a concern overseas, economies continued to grow steadily, supported by economic measures such as China's promotion of infrastructure investment and resilient domestic demand in emerging Asian markets, and demand remained firm.」
The company explicitly identified the intensification of global trade friction as a concern regarding the overseas business environment for the first time. The report explains that, despite this concern, demand remained firm due to China's economic measures and other factors.