Impact on business performance from US-China trade friction and the slowdown in the Chinese economy
First written in FY2019-Q3. 5 of 10 entries say "Worsened", first in FY2023-Q3. Latest entry: FY2026.
Ushio moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
1 other company's latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「During the consolidated fiscal year, the global economy remained uncertain due to the impact of U.S. tariff measures, developments in the Chinese economy, foreign exchange trends and prolonged geopolitical risks.」
U.S. tariff measures, the Chinese economy, foreign exchange and prolonged geopolitical risks were added to and continued as sources of uncertainty in the external environment. - FY2024WorsenedAnnual report
「During the consolidated fiscal year, the business environment for our Group remained characterized by a global recessionary climate, including rising energy and raw material prices due to the prolonged situation in Russia and Ukraine, continued policy rate hikes accompanying accelerating inflation in Europe and the United States, and an economic slowdown caused by sluggish domestic and overseas demand, beginning with real estate development investment in China. The outlook remains uncertain.」
Sluggish domestic and overseas demand originating in real estate development investment in China coexisted with an economic slowdown, rising energy and raw material prices, and inflation and higher interest rates, and uncertainty in the external environment continued. - FY2024-Q2WorsenedAnnual report
「During the first six months of the current fiscal year, the business environment for our Group remained characterized by a global recessionary climate, including rising energy and raw material prices due to the prolonged situation in Russia and Ukraine, continued policy rate hikes accompanying accelerating inflation in Europe and the United States, and an economic slowdown caused by sluggish domestic and overseas demand, beginning with real estate development investment in China. The outlook remains uncertain.」
In addition to the previously noted increases in energy and raw material prices, inflation and policy rate hikes, sluggish domestic and overseas demand beginning with real estate development investment in China and an economic slowdown were cited, indicating increased uncertainty in the external environment. - FY2023WorsenedAnnual report
「During the consolidated fiscal year, the global economy slowed amid rising energy and raw material prices due to the situation in Russia and Ukraine and other factors, and continued policy rate hikes accompanying accelerating inflation in Europe and the United States. …The uncertain situation also continued, including intensifying trade friction between the United States and China.」
The uncertain external environment continued, with trade friction between the United States and China coexisting with the situation in Russia and Ukraine, inflation, policy rate hikes and an economic slowdown. - FY2023-Q3WorsenedAnnual report
「During the nine-month period of the current consolidated fiscal year, the Group's business environment showed an economic slowdown due to higher energy and raw material prices resulting from the situation in Russia and Ukraine and other factors, as well as continued policy rate hikes accompanying accelerating inflation in Europe and the United States. In addition, uncertainty about the outlook continued due to China's zero-COVID policy and escalating U.S.-China trade friction.」
In addition to the previous U.S.-China trade friction and slowdown in the Chinese economy, China's zero-COVID policy, inflation, and policy rate hikes coexisted, and the uncertain business environment continued. - FY2020-Q3MaterialisedAnnual report
「In office automation applications, the company increased the proportion of environmentally responsive products sold despite the impact of U.S.-China trade friction, and the average selling price increased. Meanwhile, demand for optical heating lamps for semiconductor applications decreased as the restraint on semiconductor capital investment continued. As a result, revenue from halogen lamps decreased year on year.」
As the impact of U.S.-China trade friction continued, lower demand for optical heating lamps due to restrained semiconductor capital investment and lower revenue from halogen lamps were reflected in the results. - FY2020-Q2MaterialisedAnnual report
「In OA applications, demand remained weak due to the impact of U.S.-China trade friction and other factors, but the proportion of environmentally friendly products sold increased, raising the average selling price.」
While the impact of U.S.-China trade friction and other factors has emerged as weak demand for office automation applications, the company has reported an increased sales mix of environmentally responsive products and higher average selling prices. - FY2020-Q1MaterialisedAnnual report
「In OA applications, demand for office equipment remained firm despite the impact of U.S.-China trade friction, and revenue remained broadly flat as the proportion of high-value-added environmentally friendly products increased.」
While the impact of U.S.-China trade friction has emerged in the business environment for office automation applications, demand for office equipment has remained firm, and sales have been broadly flat due to the higher proportion of environmentally responsive products. - FY2019MaterialisedAnnual report
「Demand was also affected by a decline in capital investment in China resulting from the impact of trade friction between the United States and China, among other factors.」
A decline in capital investment in China against the backdrop of U.S.-China trade friction and other factors has materialized as a decline in actual demand and an impact on business performance. - FY2019-Q3First statedAnnual report
「In addition, signs of a slowdown in the Chinese economy resulting from the impact of U.S.-China trade friction have begun to emerge, raising concerns about the impact on business performance.」
A slowdown in the Chinese economy against the backdrop of U.S.-China trade friction has been identified as a new external risk, raising concerns about its impact on business performance.