Uncertainty from the Chinese Economic Slowdown, Geopolitical Risks and Yen Appreciation Following Brexit
First written in FY2017-Q1. 12 of 37 entries say "Restated". Latest entry: 2026-08-07.
Geomatec 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: 140 of 172 companies on the "Worse" side.
54 other companies' latest entry also says "Restated".
- 2026-08-07RestatedEarnings
「一方で、中東情勢の緊迫化、米国の通商政策を巡る不確実性、円安による資源・原材料価格の高止まりなどにより、先行きは依然として不透明な状況が続いております。」
中東情勢、米国通商政策、円安による資源・原材料価格を先行きの不透明要因として再記載している。 - FY2026Updated external environmental factors.Annual report
「Meanwhile, the outlook remains uncertain due to the prolonged geopolitical risks, concerns over higher resource prices and logistics disruptions caused by the rapidly escalating situation in the Middle East in the second half of the fiscal year, as well as uncertainty over U.S. trade policy and rising prices.」
The company has updated the factors contributing to an uncertain outlook to include the situation in the Middle East, resource prices, logistics disruptions, US trade policy, and inflation, in addition to the previously cited geopolitical risks and the Chinese economy. - 2026-05-15OtherEarnings
「The outlook remains uncertain, owing not only to prolonged geopolitical risks but also to concerns over higher resource prices and logistics disruptions caused by the rapidly escalating situation in the Middle East in the second half of the fiscal year, as well as uncertainty over U.S. trade policy and rising prices.」
外部環境の不透明要因として、中東情勢の緊迫化、資源価格上昇、物流停滞懸念、米国通商政策、物価上昇を記載している。 - FY2026-H1Updated external environmental factors.Annual report
「However, the outlook remains uncertain due to the prolonged conflict in Ukraine, slower growth in the Chinese economy, changes in US trade policy, and declining consumer sentiment resulting from continued inflation.」
Despite a gradual recovery trend, the company identifies the conflict in Ukraine, slower growth in the Chinese economy, changes in US trade policy, and declining consumer sentiment due to inflation as new external environmental factors. - FY2025Updated external environmental factors.Annual report
「Although the economy continues to recover gradually, the outlook remains uncertain due to concerns about the effects of geopolitical tensions and US trade policy on the domestic economy. Thin-film products, the company's main products, are expected to be significantly affected by trends in demand for finished products and changes in the supply chain.」
While signs of an economic recovery emerged, geopolitical tensions, U.S. trade policy, end-product demand and supply chain changes were identified as factors creating uncertainty about the outlook. - FY2025-H1Updated external environmental factors.Annual report
「During the interim accounting period, Japan's economy remained on a moderate recovery track, supported by inbound demand driven by the weaker yen and improved performance among export companies. However, conditions remained uncertain, amid continued geopolitical risks due to the prolonged situations in Ukraine and the Middle East, concerns over the prolonged real-estate downturn and sluggish consumer sentiment in China, and the potential impact of exchange-rate fluctuations resulting from changes in the monetary policies of Japan and the United States.」
Although a gradual economic recovery is indicated, developments in Ukraine and the Middle East, China's property downturn and weak consumer sentiment, and exchange-rate fluctuations associated with changes in Japanese and U.S. monetary policy have been identified as sources of uncertainty in the external environment. - FY2024RestatedAnnual report
「During the fiscal year, the Japanese economy remained on a moderate recovery track, supported by increased service consumption and inbound demand. However, the outlook remained uncertain due to concerns over heightened geopolitical risks stemming from the prolonged situation in Ukraine and worsening conditions in the Middle East, delayed economic recovery in China, and higher resource prices resulting from the continued depreciation of the yen.」
While signs of an economic recovery are emerging, the company has reconfirmed the uncertainty in the external environment arising from the situations in Ukraine and the Middle East, the delayed recovery of the Chinese economy, and the weaker yen and rising resource prices. - FY2024-Q3Updated external environmental factors.Annual report
「During the cumulative third quarter, Japan's economy remained on a moderate recovery trend, supported by the normalization of economic activity and increases in services and inbound demand. However, the outlook remained uncertain due to heightened geopolitical risks resulting from the prolonged situation in Ukraine and worsening tensions in the Middle East, delayed economic recovery in China, and concerns over an economic slowdown stemming from continued monetary tightening worldwide.」
While economic activity has normalized and demand for services and inbound tourism has increased, developments in the Middle East and Ukraine, the delayed recovery of the Chinese economy, and concerns about a slowdown caused by monetary tightening have been added or updated as external environmental factors. - FY2024-Q2Updated external environmental factors.Annual report
「During the cumulative second-quarter period, the Japanese economy remained uncertain. Although restrictions related to the COVID-19 pandemic were eased further, leading to increased demand for services and a recovery in inbound demand and other signs of an economic pickup, raw-material and energy prices continued to rise due to prolonged geopolitical risks surrounding Ukraine and prolonged yen depreciation.」
While restrictions related to infectious diseases have been eased and demand for services has recovered, uncertainty has persisted due to the situation in Ukraine, yen depreciation, and surging raw material and energy prices. - FY2024-Q1Updated external environmental factors.Annual report
「During the cumulative first-quarter period, the Japanese economy showed signs of normalization in economic activity and recovery as the classification of COVID-19 under the Infectious Diseases Act was shifted to Category 5. However, conditions remained uncertain as the situation in Ukraine continued and prices, including those of raw materials and energy, continued to rise.」
While the normalization of economic activity and a recovery in the economy are emerging following the reclassification of COVID-19 to Category 5, uncertainty due to the prolonged situation in Ukraine and rising prices continues. - FY2023Updated external environmental factors.Annual report
「During the fiscal year under review, Japan’s economy showed signs of returning to normal as restrictions on activities related to COVID-19 were eased. However, uncertainty remained due to the prolonged situation in Ukraine, increases in policy rates in Europe and the United States aimed at curbing inflation, and continued rises in raw material and energy prices.」
While restrictions related to infectious diseases have eased and signs of economic normalization have emerged, uncertainty continues due to the situation in Ukraine, higher policy rates, and soaring raw material and energy prices. - FY2023-Q3Updated external environmental factors.Annual report
「During the cumulative third-quarter period, the Japanese economy showed signs of recovery as restrictions on activity related to COVID-19 were eased. However, conditions remained uncertain due to the prolonged situation in Ukraine, continued global monetary tightening, and continued increases in raw-material and energy prices.」
While the easing of restrictions on movement related to COVID-19 and the economic recovery were reported, uncertainty caused by the situation in Ukraine, monetary tightening, and surging raw material and energy prices has continued. - FY2023-Q2WorsenedAnnual report
「During the cumulative second quarter under review, Japan's economy showed signs of recovery as the severe conditions caused by COVID-19 gradually eased. However, uncertainty remained owing to the prolonged situation in Ukraine, the rapid depreciation of the yen resulting from global monetary tightening, and continued high raw material and energy prices.」
Although the difficult situation caused by infectious diseases has eased, the prolonged situation in Ukraine, rapid yen depreciation resulting from global monetary tightening, and surging raw-material and energy prices have been added as external factors, and uncertainty about the outlook remains. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal year, Japan's economy showed signs of recovery as the severe conditions caused by COVID-19 gradually eased. However, uncertainty persisted due to soaring energy prices associated with the worsening situation in Ukraine, supply chain disruptions caused by China's zero-COVID policy, and yen depreciation resulting from the widening interest-rate differential between Japan and the United States.」
In addition to the previously identified factors, including infectious diseases and semiconductor shortages, the company identifies the situation in Ukraine, surging energy prices, supply chain disruptions caused by China's zero-COVID policy, and yen depreciation resulting from interest-rate differentials as external environmental factors. - FY2022WorsenedAnnual report
「During the current consolidated fiscal year, Japan's economy showed signs of recovery as the severe conditions caused by COVID-19 gradually eased. However, the outlook remained uncertain due to the worldwide spread of the Omicron variant toward the second half of the fiscal year, soaring raw-material prices and supply chain disruptions resulting from Russia's invasion of Ukraine more recently, and the rapid depreciation of the yen.」
In addition to the previous external factors, including infectious diseases, semiconductor shortages and US-China friction, the Omicron variant, Russia's invasion of Ukraine, yen depreciation, higher raw material prices and supply chain disruptions have emerged as factors affecting the external environment. - FY2022-Q3Updated external environmental factors.Annual report
「During the cumulative third quarter of the current fiscal year, the Japanese economy showed signs of recovery as the severe conditions caused by COVID-19 gradually eased. However, the outlook remained uncertain due to the prolonged semiconductor supply shortage and higher raw material prices, as well as the global spread of new COVID-19 variants.」
While there were signs of an economic recovery, the Company identified semiconductor shortages, prolonged high raw material prices and the global spread of new variants as sources of uncertainty about the outlook. - FY2022-Q2WorsenedAnnual report
「The outlook remains uncertain, as disruptions to supply chains caused by the spread of new variants and semiconductor shortages continue.」
While overseas economies recovered and exports increased, supply chain disruptions caused by the spread of variant strains and semiconductor shortages continued, intensifying uncertainty about the outlook. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, the Japanese economy was generally beginning to recover, supported by factors including increased exports accompanying the recovery of overseas economies. However, the outlook remained uncertain due to the renewed spread of the novel coronavirus infection.」
While overseas economies recovered and exports increased, uncertainty about the outlook continued due to the renewed spread of COVID-19. - FY2021-Q3RestatedAnnual report
「During the cumulative third-quarter period, Japan's economy remained in a difficult situation as economic activity came to a rapid standstill due to the impact of COVID-19. Although signs of a recovery emerged as economic activity resumed, the outlook remains uncertain as COVID-19 infections have again been trending upward.」
While economic activity has shown signs of recovery, uncertainty over the outlook continues owing to the resurgence of COVID-19 infections. - FY2021-Q2RestatedAnnual report
「During the six-month period, the Japanese economy remained in an extremely difficult situation as economic activity rapidly stagnated due to the impact of COVID-19. Economic activity gradually resumed after the state of emergency was lifted, and signs of recovery emerged, supported in part by government measures to support personal consumption, which had declined. However, the outlook remains uncertain.」
Although the rapid stagnation of economic activity and uncertainty about the outlook caused by COVID-19 continued, the company also reported the resumption of economic activity and signs of recovery following the lifting of the state of emergency. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current fiscal year, the Japanese economy deteriorated rapidly and entered an extremely challenging situation as the global spread of the novel coronavirus infection accelerated.」
In addition to the existing US-China trade tensions and the slowdown in the Chinese economy, the sharp deterioration in economic conditions caused by the global spread of COVID-19 emerged as an external environmental risk. - FY2020WorsenedAnnual report
「The Japanese economy during the consolidated fiscal year remained in an uncertain environment, affected by the prolonged US-China trade friction and the slowdown in the Chinese economy, as well as growing concern about the impact of the spread of COVID-19 on the global economy.」
In addition to tensions in US-China trade and the slowdown in the Chinese economy, uncertainty in the global economy caused by the spread of COVID-19 has broadened the factors contributing to an unclear outlook. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter under review, the Japanese economy remained uncertain, although signs of resilience were evident, including improving employment and income conditions. Export growth continued to slow due to the prolonged US-China trade friction, China's economic slowdown and other factors.」
While employment and income conditions are improving, the company continues to cite uncertainty about the outlook due to prolonged U.S.-China trade friction, a slowdown in the Chinese economy and weaker exports. - FY2020-Q2WorsenedAnnual report
「The Japanese economy during the second quarter cumulative consolidated period showed resilience, including continued improvements in employment and income conditions, but remained in an uncertain environment as exports continued to show signs of slowing due to the prolonged US-China trade friction and the slowdown in the Chinese economy.」
Although the employment and income environment is improving, exports are expected to continue slowing amid the prolonged US-China trade friction and the slowdown in the Chinese economy, and the external environment is becoming increasingly uncertain. - FY2020-Q1RestatedAnnual report
「The Japanese economy during the first quarter cumulative consolidated period showed resilience, including continued improvements in employment and income conditions, but remained in an uncertain environment amid concern about the impact of prolonged US-China trade friction.」
Although employment and income conditions are improving, the disclosure continues to cite the impact of the prolonged US-China trade tensions as a factor contributing to the uncertain outlook. - FY2019WorsenedAnnual report
「Although Japan's economy during the fiscal year showed resilience, including increased capital investment and a gradual recovery in personal consumption, concerns remained about the impact of US-China trade tensions and the uncertainty surrounding the UK's withdrawal from the EU. The outlook consequently became increasingly uncertain.」
The company stated for the full year that, while economic resilience remained evident, uncertainty over the outlook had increased because of US-China trade friction and confusion surrounding the UK's withdrawal from the EU. - FY2019-Q3Updated external-environment risk factorsAnnual report
「During the cumulative third quarter, Japan's economy showed resilience, including a recovery in private consumption against a backdrop of improving employment and income conditions. However, concerns remained over the impact on the Japanese economy of the U.S.-China trade friction and uncertainty surrounding the UK's departure from the EU, and the outlook became increasingly uncertain.」
While the employment and income environment and personal consumption remained resilient, the Company identified the worsening US-China trade friction and continued uncertainty surrounding the UK's withdrawal from the EU as new sources of uncertainty, noting increased uncertainty about the outlook. - FY2019-Q2Updated external-environment risk factorsAnnual report
「During the cumulative second quarter under review, Japan's economy remained relatively resilient, with exports recovering and employment and income conditions improving against a backdrop of solid global economic conditions. However, the outlook remained uncertain owing to the impact of successive natural disasters and concerns over developments in the US–China trade dispute.」
While describing improvements in exports and employment and income conditions, the company cited a succession of natural disasters and the US-China trade dispute as new factors contributing to an uncertain outlook. - FY2019-Q1Updated external-environment risk factorsAnnual report
「During the cumulative first quarter, Japan's economy remained uncertain. Although signs of resilience were evident, including a recovery in exports and improvements in employment and income conditions against the backdrop of a robust global economy, concerns remained over the impact on Japan's economy of intensifying conflicts surrounding the US protectionist trade policies.」
While the company noted the resilience of the global economy and employment conditions, it identified escalating disputes over the U.S. protectionist trade policy as a new factor creating uncertainty about the outlook. - FY2018RestatedAnnual report
「During the fiscal year under review, Japan's economy remained on a moderate recovery trend, with employment and income conditions improving despite geopolitical risks.」
Although geopolitical risks remain, the company continues to describe a gradual economic recovery supported by improvements in employment and income conditions. - FY2018-Q3RestatedAnnual report
「During the first 9 months of the current fiscal year, the Japanese economy remained on a moderate recovery trend, with improvements in employment and income conditions, despite geopolitical risks.」
While geopolitical risks remain, the Company continues to describe a moderate economic recovery against a backdrop of improving employment and income conditions. - FY2018-Q2RestatedAnnual report
「During the cumulative second-quarter period, the Japanese economy remained on a gradual recovery trend, with improvements in employment and income conditions despite geopolitical risks.」
While geopolitical risks remain, the company describes a gradual economic recovery driven by improvements in employment and income conditions, continuing the trend of improvement in the external environment from the previous fiscal year. - FY2018-Q1RestatedAnnual report
「During the first quarter of the fiscal year, Japan's economy remained on a gradual recovery track, with personal consumption showing signs of recovery amid the continued yen depreciation trend from the end of the previous fiscal year and solid employment conditions.」
The Company describes a moderate recovery driven by the continued depreciation of the yen since the end of the previous fiscal year and a recovery in employment and personal consumption, indicating that the improvement trend in the external environment identified in the previous fiscal year has continued. - FY2017MitigatedAnnual report
「During the fiscal year under review, Japan's economy remained on a moderate recovery trend, with signs of improvement in corporate earnings and employment and income conditions, against a backdrop of the rapid yen depreciation following the US presidential election and the continuing effects of the government's economic policies.」
In contrast to the uncertainty attributed through the previous quarter to an economic slowdown in China and elsewhere and to yen appreciation, the Company describes improvements in corporate earnings and other areas driven by the rapid depreciation of the yen and the effects of government policies. - FY2017-Q3MitigatedAnnual report
「During the cumulative third quarter under review, the Japanese economy remained weak amid a sharp appreciation of the yen caused by the economic slowdown in emerging economies, including China, and the UK's withdrawal from the EU. More recently, signs of a recovery have emerged, including a shift toward yen depreciation in the foreign exchange market on expectations of economic measures by the new US administration.」
Risks of yen appreciation stemming from economic slowdowns in emerging economies, including China, and the UK's withdrawal from the EU continued, but expectations for the new US administration pointed to a shift toward yen depreciation and a recovery in economic conditions. - FY2017-Q2RestatedAnnual report
「During the six-month period under review, Japan's economy remained weak and challenging, amid sluggish export growth due to the slowdown in the global economy and the yen's continued appreciation in foreign exchange markets.」
The company continues to cite a challenging external environment resulting from the global economic slowdown, sluggish export growth and the advancing appreciation of the yen. - FY2017-Q1First statedAnnual report
「During the first-quarter consolidated cumulative period, the Japanese economy remained on a moderate recovery track, but conditions remained uncertain due to the slowing Chinese economy, heightened geopolitical risks and the rapid appreciation of the yen following the United Kingdom’s decision to leave the EU.」
While stating that there are no new risks or material changes in the formal business and other risks section, the company cites a slowdown in the Chinese economy, geopolitical risks and yen appreciation associated with the UK's withdrawal from the EU as external factors affecting business performance.