Global economic uncertainty and regional economic slowdown
First written in FY2017-Q1. 11 of 24 entries say "Worsened", first in FY2017-Q3. Latest entry: 2026-11-13.
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- FY2026WorsenedAnnual report
「In addition, the global economy remained in an uncertain environment due to persistently high raw-material and energy prices, sharp exchange-rate fluctuations, and rising geopolitical risks related to Ukraine and the Middle East. The environment surrounding corporate activity remained unpredictable, with the effects of supply-chain disruptions and continuing supply constraints also evident.」
In addition to raw-material and energy prices, exchange rates, and geopolitical risks related to Ukraine and the Middle East, continuing supply-chain disruptions and supply constraints were specified, broadening the sources of uncertainty. - 2026-05-18RestatedResults
「次期の見通しにつきましては、ロシア・ウクライナ情勢や米国の関税政策の他、中東情勢の混迷など世界経済は依然として不透明な環境が継続すると予想しております。」
世界経済の不透明感と地政学・関税要因の記載を継続した。 - FY2025WorsenedAnnual report
「In addition, the global economy remained in an uncertain environment due to persistently high raw-material and energy prices, sharp exchange-rate fluctuations, and rising geopolitical risks related to Ukraine and the Middle East.」
In addition to persistently high raw-material and energy prices and sharp exchange-rate fluctuations, geopolitical risks including the situation in the Middle East were specified, and the uncertain global economic environment was noted as continuing. - FY2023WorsenedAnnual report
「During the fiscal year, the global economy remained in a severe and uncertain environment due to supply-chain disruptions caused by lockdowns in China and semiconductor shortages, soaring raw-material prices and logistics costs, sharp exchange-rate fluctuations, and rising geopolitical risks triggered by the situation in Ukraine.」
In addition to the previously noted raw-material prices, logistics costs and weaker yen, lockdowns in China, supply-chain disruptions caused by semiconductor shortages, and geopolitical risks triggered by the situation in Ukraine were specified, expanding the sources of uncertainty in the global economy. - FY2023-Q2RestatedAnnual report
「During the six-month period ended in the second quarter, the Group advanced the development of electrification-related products, including electric water pumps, mainly in South Korea, and overseas replacement-parts sales remained solid. The Group also worked to strengthen competitiveness through productivity improvements and cost reductions, but was affected by soaring raw-material prices and persistently high global logistics costs, as well as higher import costs in Japan resulting from the weaker yen.」
Soaring raw-material prices, persistently high global logistics costs, and higher import costs resulting from the weaker yen were noted as factors affecting performance, continuing from the previous quarter. - FY2023-Q1WorsenedAnnual report
「In addition to efforts to strengthen competitiveness through productivity improvements and cost reductions, the Group was affected by soaring raw-material prices and persistently high global logistics costs, as well as higher import costs in Japan resulting from the weaker yen.」
In addition to the previously broad risk of global economic uncertainty, soaring raw-material prices, persistently high global logistics costs, and higher import costs resulting from the weaker yen were identified as specific factors affecting performance. - FY2022WorsenedAnnual report
「During the fiscal year, the global economy remained in an uncertain environment. Social and economic activity recovered from the stagnation caused by COVID-19, particularly in developed countries that advanced vaccination programs and economic measures, while semiconductor shortages, logistics disruptions, and soaring energy and materials prices continued, along with Russia's invasion of Ukraine.」
While the recovery in social and economic activity was noted, semiconductor shortages, logistics disruptions, soaring energy and materials prices, and Russia's invasion of Ukraine were added as new sources of uncertainty. - FY2022-Q3RestatedAnnual report
「During the nine-month period ended in the third quarter, although uncertainty remained over the outlook for the global economy due to COVID-19, demand had been recovering since the second half of the previous fiscal year」
The continued recovery trend in demand from the second half of the previous fiscal year was noted, while uncertainty remained over the outlook for the global economy due to COVID-19. - FY2022-Q2RestatedAnnual report
「During the six-month period ended in the second quarter, although uncertainty remained over the outlook for the global economy due to COVID-19, demand had been recovering since the second half of the previous fiscal year」
The continued recovery trend in demand from the second half of the previous fiscal year was noted, while uncertainty remained in the global economy due to COVID-19. - FY2022-Q1MitigatedAnnual report
「In addition, although uncertainty remains over the outlook for the global economy due to COVID-19, demand has been recovering since the second half of the previous fiscal year, and sales also increased.」
While uncertainty over the outlook for the global economy remained, demand began to recover from the second half of the previous fiscal year, and an increase in sales was also noted. - FY2021-Q3MitigatedAnnual report
「From the third quarter onward, automobile parts demand has been recovering following the easing of activity restrictions in Japan and overseas, although conditions have varied by region. Production and sales in both the new-vehicle parts and replacement parts markets have recovered, but the outlook remains uncertain against the backdrop of renewed infections and other factors.」
Automobile parts demand, production and sales began to recover after activity restrictions were eased, but uncertainty about the outlook continued amid the resurgence of infections. - FY2021-Q2WorsenedAnnual report
「During the six-month period ended in the second quarter, the Group faced difficult conditions in the new-vehicle parts market due to production adjustments accompanying a global decline in demand for automobile sales, and in the replacement parts market due to the effects of requests to refrain from going out and restrictions on business activities, all resulting from the global spread of COVID-19.」
Declining automobile demand, production adjustments, and the effects of requests to refrain from going out and restrictions on business activities resulting from COVID-19 became evident in both the new-vehicle and replacement parts markets, and difficult conditions continued. - FY2021-Q1RestatedAnnual report
「However, the Group was affected by the stagnation of global economic activity triggered by the spread of COVID-19 and measures such as restrictions on movement in various parts of the world.」
It was noted that the stagnation of global economic activity triggered by COVID-19 continued to affect performance during the quarter. - FY2020WorsenedAnnual report
「In addition, the spread of COVID-19 and measures such as restrictions on movement in various parts of the world affected the Group, including through factory shutdowns and delays in procuring materials.」
In addition to the previous slowdown and uncertainty in the global economy, factory shutdowns, delays in procuring materials, and stagnant economic activity resulting from COVID-19 were noted, expanding the risk factors. - FY2019WorsenedAnnual report
「Amid continued uncertainty in the global economy due to policy-related uncertainties, including U.S.-China trade friction and the issue of the U.K.'s withdrawal from the EU, global demand for automobiles is expected to maintain a gradual expansion trend, led by emerging markets such as China and India.」
In addition to the previous uncertainty surrounding the global economy, U.S.-China trade friction and policy-related uncertainties were specified, and the slowdown trend in the Chinese and European economies was also mentioned. - FY2018WorsenedAnnual report
「Amid continued uncertainty in the global economy, owing to the impact of U.S. trade policy and the situation on the Korean Peninsula, global demand for automobiles is expected to maintain a gradual expansion trend, led by emerging markets such as China and Southeast Asia.」
In addition to the previous uncertainty surrounding the global economy, U.S. trade policy and the situation on the Korean Peninsula were identified as specific sources of uncertainty. - FY2018-Q2RestatedAnnual report
「In Japan, the economy continued to recover gradually as corporate earnings and the employment environment improved. Overseas, the U.S. economy remained firm, supported by personal consumption and other factors, while economic growth in China continued to slow. Overall, including Europe and Southeast Asia, overseas economies were on a gradual recovery trend.」
The gradual recovery in Japan and the generally gradual recovery trend in overseas economies, including Europe and Southeast Asia, continued to be noted. The continued slowdown in China's economic growth was also indicated. - FY2018-Q1MitigatedAnnual report
「Overseas, the U.S. economy remained firm, supported by personal consumption and other factors, while economic growth in China continued to slow. Overall, including Europe and Southeast Asia, overseas economies were on a gradual recovery trend.」
While China's economic growth continued to slow, overseas economies overall, including Europe and Southeast Asia, were described as being on a gradual recovery trend, improving on the previous fiscal year's description of global economic uncertainty. - FY2017RestatedAnnual report
「Overseas, the U.S. economy remained firm, but economic growth in emerging markets such as China continued to slow. Concerns about the political outlook spread amid the issue of the U.K.'s withdrawal from the EU and policy changes by the new U.S. president, and global economic uncertainty continued.」
The slowdown in emerging-market growth, including China, the issue of the U.K.'s withdrawal from the EU, political uncertainty resulting from policy changes by the new U.S. president, and global economic uncertainty continued to be noted. - FY2017-Q3WorsenedAnnual report
「During the nine-month period ended in the third quarter, the Japanese economy remained stagnant despite growing expectations for improved corporate performance, amid sharp exchange-rate fluctuations and sluggish personal consumption. Overseas, the U.S. economy remained firm, but economic growth in emerging markets such as China continued to slow. Concerns about the political outlook spread amid the issue of the U.K.'s withdrawal from the EU and policy changes by the new U.S. president, and global economic uncertainty continued.」
In addition to global economic uncertainty, the slowdown in emerging-market growth and the issue of the U.K.'s withdrawal from the EU, policy changes by the new U.S. president were noted as a new source of political uncertainty. - FY2017-Q2RestatedAnnual report
「In Japan, economic stagnation has continued, owing to deteriorating corporate earnings caused by the stronger yen and declining personal consumption. Overseas, the U.S. economy remained firm, but economic growth in emerging markets such as China continued to slow. In Europe, concerns about the political outlook spread amid the issue of the U.K.'s withdrawal from the EU, and global economic uncertainty continued.」
The stronger yen, slower growth in emerging markets such as China, political uncertainty in Europe triggered by the U.K.'s withdrawal from the EU, and global economic uncertainty continued to be noted. - FY2017-Q1First statedAnnual report
「Overseas, the U.S. economy remained firm, but economic growth in emerging markets such as China continued to slow. In Europe, concerns about the political outlook spread amid the issue of the U.K.'s withdrawal from the EU, and global economic uncertainty continued.」
The slowdown in emerging-market growth, including China, political uncertainty in Europe triggered by the U.K.'s withdrawal from the EU, and global economic uncertainty were recorded as risks for the first time.