Overseas Economic Trends and Foreign Exchange Fluctuation Risks
First written in FY2016. 14 of 38 entries say "Restated". Latest entry: 2026-07-28.
The whole theme swung hardest in 2022: 124 of 167 companies on the "Worse" side.
- 2026-07-28OtherEarnings
「During the first quarter of the current consolidated fiscal year, the global economy remained firm in each region, with capital investment continuing, particularly in the manufacturing sector. North, Central, and South America continued to show strength across a wide range of industries, while growth continued in Asia, led by the semiconductor and electrical and precision equipment industries. Europe showed signs of recovery, while capital investment in Japan also remained on a recovery trend.」
The company describes regional economic conditions, including strength in North, Central, and South America and Asia, signs of recovery in Europe, and a recovery trend in domestic capital investment. - FY2026Strength and caution coexist across regionsAnnual report
「During the consolidated fiscal year, capital investment continued worldwide, particularly in manufacturing. By region, North, Central and South America and Asia remained generally solid overall. While caution continued to prevail in Europe, signs of a recovery were seen in some areas. In Japan, some caution was also evident, but conditions remained generally solid.」
The regional economic environment was characterized by solid conditions in North, Central and South America and Asia, continued caution with some recovery in Europe, and generally solid conditions in Japan. - 2026-04-24WorsenedEarnings
「Looking ahead, the global economy will require continued monitoring of policy developments in each country, in addition to concerns about an economic downturn arising from heightened geopolitical risks.」
In addition to the previous descriptions of regional economic conditions, the company explicitly refers to concerns about an economic downturn resulting from heightened geopolitical risks and the need to monitor policy developments in each country. - FY2026-H1Regional caution and recovery against the backdrop of trade issuesAnnual report
「During the interim consolidated fiscal period, capital investment continued globally, particularly in manufacturing, although a cautious trend remained due to uncertainty about the outlook against the backdrop of trade issues originating in the United States. Capital investment remained firm in North, Central and South America, while caution continued in Europe. Recovery continued in Asia, and in Japan, generally firm conditions continued, although caution was also evident in some areas.」
While it indicates uncertainty about the outlook against the backdrop of trade issues, it also describes firm capital investment in North, Central and South America, recovery in Asia, and generally firm conditions in Japan, indicating that regional caution and recovery coexist. - FY2025Recovery and caution coexist across regionsAnnual report
「During the consolidated fiscal year, capital investment continued globally, particularly in manufacturing, although a cautious trend remained due to uncertainty about the economic outlook. Capital investment remained firm in North, Central and South America, while caution continued in Europe. Economic conditions in Asia remained uncertain, although capital investment showed signs of recovery. In Japan, recovery continued overall.」
It describes regional economic conditions in which firmness in North, Central and South America, caution in Europe, uncertainty and recovering capital investment in Asia, and recovery in Japan coexist. - FY2025-H1Recovery in the domestic economyAnnual report
「During the interim consolidated fiscal period, capital investment continued globally, particularly in manufacturing, although a cautious trend remained due to uncertainty about the economic outlook. Capital investment remained firm in North, Central and South America, while caution was also evident in Europe. Some economic weakness remained in Asia, whereas economic conditions overall showed signs of recovery in Japan.」
While firm capital investment in North, Central and South America, caution in Europe, and economic weakness in Asia coexisted, it describes overall recovery in Japan in place of the caution seen through the previous quarter. - FY2025-Q1Strength and caution coexist across regionsAnnual report
「During the first quarter of the current fiscal year, capital investment continued globally, particularly in manufacturing, although a cautious trend remained due to uncertainty about the economic outlook. Capital investment remained firm in North, Central and South America, while caution was also evident in Europe. Some economic weakness remained in Asia, while in Japan, capital investment was generally approached cautiously, although some areas showed signs of recovery.」
It describes regional conditions in which continued capital investment coexists with firmness in North, Central and South America, caution in Europe, economic weakness in Asia, and caution alongside partial recovery in Japan. - FY2024-Q3RestatedAnnual report
「During the first three quarters of the current fiscal year, capital investment continued globally, particularly in manufacturing, although a cautious trend remained due to uncertainty about the economic outlook. Capital investment remained firm in Europe and the United States, while economic weakness was seen in Asia and caution was evident in capital investment in Japan.」
It reaffirms the coexistence of strength and weakness across regions, with capital investment remaining firm in Europe and the United States, economic weakness continuing in Asia, and caution continuing in capital investment in Japan. - FY2024-Q2RestatedAnnual report
「During the first two quarters of the current fiscal year, capital investment continued globally, particularly in manufacturing, although a cautious trend was also evident due to uncertainty about the economic outlook. Capital investment remained firm in Europe and the United States, while economic weakness was seen in Asia and caution was evident in capital investment in Japan.」
It reaffirms the coexistence of strength and caution across regions, with capital investment remaining firm in Europe and the United States, economic weakness continuing in Asia, and caution continuing in capital investment in Japan. - FY2024-Q1Strength and caution coexist across regionsAnnual report
「During the first quarter of the current fiscal year, capital investment continued globally, particularly in manufacturing, although a cautious trend was also evident due to uncertainty about the economic outlook. Capital investment remained relatively firm in Europe and the United States, while some weakness was seen in Asia and caution was evident in production activity and capital investment in Japan.」
It describes continued capital investment in manufacturing alongside uncertainty about the outlook, economic weakness in Asia, and caution in production activity and capital investment in Japan, indicating that strength and weakness coexist across regions. - FY2023ReframedAnnual report
「Overseas business operations tend to be affected by changes in various factors in the relevant regions, including political, economic and social conditions, foreign currency and import/export regulations, and regional characteristics. Our Group also conducts business activities in North America, Central and South America, Europe and Asia. In expanding overseas, we carefully examine profitability, room for market expansion, foreign exchange fluctuation risks, geopolitical risks, and risks associated with various laws and regulations, including import/export, environmental and tax regulations, before making a comprehensive decision.」
In addition to the previously identified risks associated with overseas economic trends and foreign exchange fluctuations, it explicitly identifies political and social conditions, geopolitical risks, and regulatory risks relating to import/export, environmental and tax regulations as risks of overseas expansion. - FY2023-Q3Recovery and pauses across regionsAnnual report
「During the first three quarters of the current fiscal year, the global economy continued to recover moderately, particularly in manufacturing. In the United States, capital investment continued to expand moderately, while some parts of Asia experienced a pause in economic recovery. In Europe, capital investment remained firm, and in Japan, personal consumption and corporate capital investment continued to show signs of recovery.」
It describes regional differences, with capital investment and economic recovery continuing in the United States, Europe and Japan, while recovery paused in some parts of Asia. - FY2023-Q2Global economic recovery continuesAnnual report
「During the first two quarters of the current fiscal year, capital investment continued globally, particularly in manufacturing. In the United States, capital investment continued to expand moderately, while economic conditions continued to recover overall in Asia. In Europe, demand for capital investment remained firm, and in Japan, personal consumption and capital investment remained firm.」
Compared with the reference to regional stagnation in the previous quarter, the description has changed to one of continued recovery and firmness in capital investment and economic conditions in the United States, Asia, Europe and Japan. - FY2023-Q1Recovery and stagnation coexist across regionsAnnual report
「During the first quarter of the current fiscal year, capital investment continued globally, particularly in manufacturing. In the United States, capital investment continued to expand moderately, while in parts of China, capital investment stagnated due to restrictions on economic activity. In Europe, economic conditions continued to recover, while in Japan, personal consumption and capital investment remained firm.」
It states that capital investment continued across the global economy, with expansion or recovery in the United States, Europe and Japan, while capital investment stagnated in parts of China due to restrictions on economic activity. The recovery trend in overseas economies differed by region. - FY2022Global economic recovery continuesAnnual report
「During the consolidated fiscal year, the global economy continued to recover overall as it moved toward normalization after the pandemic. Consumption and employment recovered in the United States, capital investment continued to recover in Asia, economic conditions continued to recover moderately in Europe, and production and capital investment showed signs of recovery in Japan.」
It states that, while the impact of the pandemic remained, the global economy moved toward normalization, with recovery or signs of recovery continuing in the United States, Asia, Europe and Japan. - FY2022-Q3Global economic recovery continuesAnnual report
「During the first three quarters of the current fiscal year, the global economy continued to recover overall as it gradually moved toward normalization after the pandemic. Consumption and production recovered in the United States, capital investment continued to recover in Asia, economic conditions continued to recover moderately in Europe, and personal consumption and employment conditions showed signs of recovery in Japan.」
It states that, even as the impact of the pandemic remained, the global economy as a whole continued to normalize and recover, with recovery or signs of recovery seen in the United States, Asia, Europe and Japan. - FY2022-Q2Recovery continues across regionsAnnual report
「During the first two quarters of the current fiscal year, the global economy continued to recover overall despite the impact of COVID-19. Consumption and capital investment recovered in the United States, while exports and production activity continued to recover in Asia. In Europe, capital investment and consumption recovered moderately, while in Japan, despite weak personal consumption, exports and production, particularly production machinery, continued to recover.」
It states that, while the impact of the pandemic remains, consumption, capital investment, exports and production, among other areas, continued to recover or show signs of recovery in the United States, Asia, Europe and Japan. - FY2022-Q1Recovery trend in overseas economiesAnnual report
「During the first quarter of the current fiscal year, capital investment, particularly in manufacturing, remained on a recovery trend in the global economy, partly due to the effects of government policies in various countries. Consumption in the United States continued to recover steadily, while consumption and exports recovered in Asia. In Europe, capital investment showed signs of recovery despite weak consumption. In Japan, production recovered and exports showed signs of increasing.」
Compared with the economic stagnation in each region due to the pandemic and other factors described through the previous fiscal year, it describes recovery or signs of recovery in consumption, production, exports and capital investment in the United States, Asia, Europe and Japan. - FY2021RestatedAnnual report
「During the consolidated fiscal year, the global economy remained in difficult conditions due to the impact of COVID-19, although consumption and production in the United States showed signs of recovery. In Asia, economic recovery continued in some regions, while in Europe, economic activity was constrained by the resurgence of infections and consumption remained weak. In Japan, personal consumption remained weak, although production and capital investment showed signs of recovery.」
It reaffirms the mixed conditions across regions, with the impact of the pandemic continuing, recovery in parts of the United States, Asia and Japan, and deterioration in Europe. - FY2021-Q3Recovery and deterioration coexisted across regionsAnnual report
「During the first three quarters of the current fiscal year, the global economy remained in difficult conditions due to the worldwide spread of COVID-19, although consumption and production in the United States showed signs of recovery, and capital investment continued to recover in some parts of Asia. In Europe, economic conditions weakened due to the resurgence of the pandemic. In Japan, exports and production showed signs of recovery, although capital investment declined.」
While the global economy remained in difficult conditions, some parts of the United States, Asia and Japan showed signs of recovery, whereas economic conditions weakened in Europe due to the resurgence of the pandemic, indicating that recovery and deterioration coexisted across regions. - FY2021-Q2WorsenedAnnual report
「During the first two quarters of the current fiscal year, the global economy continued to see slower production activity and efforts to restrain capital investment due to the worldwide spread of COVID-19. In the United States, personal consumption showed signs of recovery, but capital investment declined. In Asia, economic conditions remained difficult, although production activity continued to recover in some regions. In Europe, exports showed signs of recovery, but the economy continued to deteriorate and capital investment declined. In Japan, corporate earnings declined sharply due to the pandemic, and capital investment remained weak.」
It states that slower capital investment and production activity across regions and a sharp decline in corporate earnings in Japan continued amid the impact of COVID-19. It also mentions recovery in some regions. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current fiscal year, the global economy remained in difficult conditions due to the worldwide spread of COVID-19, and economic activity in various countries saw a slowdown in corporate capital investment and production activity. In the United States, consumption fell sharply, while production and capital investment declined rapidly. In Asia, economic conditions remained difficult, although some regions showed signs of recovery. In Europe, the economy continued to deteriorate and capital investment declined sharply. In Japan, exports and production declined due to the impact of the pandemic, while capital investment remained weak.」
It states that the global spread of COVID-19 has caused a broad-based slowdown or decline in capital investment, production and exports in the United States, Europe, Asia and Japan, indicating a deterioration in the environment surrounding the risks associated with overseas economic trends and foreign exchange fluctuations. - FY2020WorsenedAnnual report
「During the consolidated fiscal year, the global economy was affected not only by U.S.-China trade issues but also by the COVID-19 pandemic, which affected economic activity in various countries, and some regions saw a slowdown in corporate capital investment and production activity.」
It describes the additional impact of COVID-19 on top of U.S.-China trade issues and the resulting slowdown in capital investment and production activity, indicating a deterioration in the environment surrounding the risks associated with overseas economic trends. - FY2020-Q3WorsenedAnnual report
「During the first three quarters of the current fiscal year, the global economy showed caution toward capital investment, particularly in manufacturing, amid the expanding impact of trade issues and concerns about the outlook for economies in various countries. In the United States, consumption increased moderately, but capital investment and exports remained weak. In Asia, exports and production activity continued to slow moderately. In Europe, demand for capital investment was weak, while in Japan, despite corporate earnings remaining high, caution was evident in production activity and capital investment, particularly in manufacturing.」
It states that, against the backdrop of trade issues and concerns about the outlook for economies in various countries, weakness or caution has continued in U.S. capital investment and exports, Asian exports and production, European capital investment, and production and capital investment in Japan's manufacturing sector. - FY2020-Q2WorsenedAnnual report
「During the first two quarters of the current fiscal year, the global economy remained uncertain, with companies taking a cautious approach to capital investment amid concerns over the expanding impact of trade issues and rising tensions. Capital investment in the United States was weak; exports and production declined in parts of Asia; and capital investment and production remained weak in Europe. In Japan, corporate earnings remained firm, but exports and production were affected by the slowdown in overseas economies.」
It states that the expanding impact of trade issues and rising tensions, weak U.S. capital investment, declining Asian exports and production, and weak European capital investment and production have continued, while exports and production in Japan have also been affected by the slowdown in overseas economies. - FY2020-Q1WorsenedAnnual report
「During the first three quarters of the current fiscal year, the global economy remained uncertain, with companies taking a cautious approach to capital investment amid concerns over the expanding impact of trade issues. Production activity in the United States showed weakness, while economic recovery in Asia was weak, with exports declining in some regions. In Europe, capital investment in machinery and other equipment was on a moderate recovery trend, but production remained weak.」
Regarding overseas economies, it describes trade issues, weak U.S. production activity, declining Asian exports and weak European production, indicating a deterioration in the environment surrounding the risks associated with overseas economic trends. - FY2019RestatedAnnual report
「In addition, our Group sells products in North America, Central and South America, Europe and Asia, primarily through local subsidiaries, and its business performance may therefore be affected by overseas economic trends and foreign exchange fluctuations.」
It reaffirms the risks associated with overseas economic trends and foreign exchange fluctuations arising from overseas sales. - FY2019-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the business and other risks described in the previous fiscal year, including the risks associated with overseas economic trends and foreign exchange fluctuations. The analysis of operating results also refers to U.S. policy and trade issues, policy uncertainty in Europe, and weakness in parts of Asia. - FY2019-Q2RestatedAnnual report
「There have been no new business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year, during the cumulative second quarter of the current fiscal year.」
It states that there have been no material changes to the business and other risks described in the previous fiscal year, including the risks associated with overseas economic trends and foreign exchange fluctuations. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no new events among the matters relating to the business and accounting conditions described in this quarterly report that could have a material impact on investors' decisions, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the business and other risks, and does not indicate any changes to the risks associated with overseas economic trends and foreign exchange fluctuations. - FY2018RestatedAnnual report
「In addition, our Group sells products in North America, Central and South America, Europe and Asia, primarily through local subsidiaries, and its business performance may therefore be affected by overseas economic trends and foreign exchange fluctuations.」
It reaffirms the risks associated with overseas economic trends and foreign exchange fluctuations arising from overseas sales. - FY2018-Q3RestatedAnnual report
「During the first 3 quarters of the current fiscal year, there were no new events among the matters relating to the business and accounting conditions described in this quarterly report that could have a material impact on investors' decisions, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the business and other risks, and does not indicate any changes to the risks associated with overseas economic trends and foreign exchange fluctuations. - FY2018-Q2RestatedAnnual report
「During the first 2 quarters of the current fiscal year, there were no new events among the matters relating to the business and accounting conditions described in this quarterly report that could have a material impact on investors' decisions, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the business and other risks in the previous fiscal year, and does not indicate any changes to the risks associated with overseas economic trends and foreign exchange fluctuations. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no new events among the matters relating to the business and accounting conditions described in this quarterly report that could have a material impact on investors' decisions, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the business and other risks described in the previous fiscal year, and does not indicate any changes to the risks associated with overseas economic trends and foreign exchange fluctuations. - FY2017RestatedAnnual report
「In addition, our Group sells products in North America, Central and South America, Europe and Asia, primarily through local subsidiaries, and its business performance may therefore be affected by overseas economic trends and foreign exchange fluctuations.」
It reaffirms the risks associated with overseas economic trends and foreign exchange fluctuations arising from overseas sales. - FY2017-Q3RestatedAnnual report
「During the first 2 quarters of the current fiscal year, there were no new events among the matters relating to the business and accounting conditions described in this quarterly report that could have a material impact on investors' decisions, nor any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It states that there have been no material changes to the business and other risks in the previous fiscal year, and does not indicate any changes to the risks associated with overseas economic trends and foreign exchange fluctuations. - FY2016RestatedAnnual report
「In addition, our Group sells products in North America, Central and South America, Europe and Asia, primarily through local subsidiaries, and its business performance may therefore be affected by overseas economic trends and foreign exchange fluctuations.」
It reaffirms the risks associated with overseas economic trends and foreign exchange fluctuations arising from overseas sales. - FY2016First statedAnnual report
「In addition, our Group sells products in North America, Central and South America, Europe and Asia, primarily through local subsidiaries, and its business performance may therefore be affected by overseas economic trends and foreign exchange fluctuations.」
It identifies the potential impact of overseas economic conditions and foreign exchange rates associated with the expansion of overseas sales as a risk.