Political and economic uncertainty stemming from the U.S. presidential election results and other factors
First written in FY2017-Q3. 13 of 24 entries say "Worsened", first in FY2020-Q2. Latest entry: 2026-08-05.
Tachi-S moved to the "Worse" side of this theme in 2019, 6 years before the typical company in this theme (2025).
The whole theme swung hardest in 2019: 4 of 10 companies on the "Worse" side.
2 other companies' latest entry also says "Materialised".
- FY2026WorsenedAnnual report
「In the automotive industry in which our group operates, the business environment is becoming increasingly uncertain, owing to the fluid economic and trade policies of the U.S. Trump administration, the slowdown in the Chinese economy, heightened tensions in international affairs caused by conflicts spreading across Ukraine and other regions, and, most recently, surging crude oil prices caused by military clashes involving Iran and the impact on supply chains related to petroleum products.」
In addition to the previously cited uncertainty surrounding U.S. policies, the Chinese economy and international affairs, the disclosure lists military clashes involving Iran, surging crude oil prices and the impact on supply chains as new sources of uncertainty. - 2026-05-15WorsenedEarnings
「米国トランプ政権の流動的な経済・通商政策、中国経済の減速、ウクライナ他多地域に広がる紛争による国際情勢の緊迫化、足元ではイラン軍事衝突による原油価格の高騰や石油製品に関連したサプライチェーンへの影響など、事業環境は先行きの不透明さを増しております。」
従来の政治・経済の不確実性に加え、イラン軍事衝突、原油価格高騰、サプライチェーンへの影響が記載された。 - FY2026-H1ReframedAnnual report
「Although the outlook for the impact of tariff policies under the U.S. Trump administration has become somewhat clearer and uncertainty is easing, concerns remain about the impact on sales if higher costs are passed through to selling prices.」
While uncertainty surrounding the U.S. administration's policies is considered to be easing, the focus of risk has shifted to the impact on sales of passing through cost increases caused by tariffs and other factors to prices. - FY2025-H1WorsenedAnnual report
「There are also many downside factors, including higher energy costs against a backdrop of geopolitical risks such as the worsening situation in the Middle East, a prolonged downturn in the Chinese economy, and the impact of the results of the November U.S. presidential election.」
Regarding uncertainty in overseas economies and politics, the situation in the Middle East, the Chinese economic downturn expected to be prolonged, and the results of the November U.S. presidential election were listed as new downside factors. - FY2024-Q3WorsenedAnnual report
「Although concerns remain about downside risks from a slowdown in overseas economies caused by heightened tensions in international affairs, including the situations in Ukraine, the Middle East and East Asia, a gradual economic recovery is expected to continue, led by domestic demand.」
Regarding uncertainty in overseas economies, the Middle East situation has been specified in addition to the previously cited situation in Ukraine and elsewhere, and the disclosure describes downside risks to overseas economies resulting from tensions in international affairs. - FY2023-Q3WorsenedAnnual report
「The impact on the global economy of higher resource prices and supply chain disruptions stemming from COVID-19, as well as the deepening global fragmentation caused by the conflict in Ukraine, has made the outlook increasingly difficult to predict. In addition, economic growth has shown increasing signs of slowing as the United States and other countries have raised interest rates to contain inflation.」
Regarding overseas and global economic uncertainty, the disclosure specifies higher resource prices, supply chain disruptions, global fragmentation caused by the conflict in Ukraine, and an economic slowdown resulting from interest-rate hikes in various countries. - FY2023-Q2WorsenedAnnual report
「During the six months ended the second quarter, Japan's economy was moving toward coexistence with COVID-19 and the revitalisation of economic activity. However, resource prices and supply chain disruptions stemming from COVID-19 continued, while the impact on supply chains of the deepening global fragmentation caused by the conflict in Ukraine and other factors made the outlook increasingly difficult to predict.」
Regarding overseas and global economic uncertainty, the deepening global fragmentation caused by the conflict in Ukraine and its impact on supply chains have been newly specified, indicating that the outlook has become more difficult to predict. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the current fiscal year, Japan's economy was progressing with the reopening of economic activity across society, but the outlook remained uncertain as the end of the Ukraine crisis, which has driven up resource prices and disrupted supply chains, was still not in sight.」
Regarding overseas and global economic uncertainty, the Ukraine crisis has been added as a factor bringing higher resource prices and supply chain disruptions, with uncertainty over the outlook continuing. - FY2022-Q1MitigatedAnnual report
「In Europe and the US, where vaccination is progressing, economic conditions remain challenging, but restrictions on economic activity are being eased gradually and the global economy is moving toward normalization.」
The disclosure states that although economic conditions remain challenging in Europe and the US, economic activity restrictions are being eased gradually and the global economy is moving toward normalization. - FY2021WorsenedAnnual report
「Uncertainty remains overseas, including concerns over the policies of the new US administration and prolonged US-China trade friction, leaving the outlook uncertain.」
The policies of the new US administration and prolonged US-China trade friction continue to be sources of concern regarding overseas uncertainty. - FY2021-Q3WorsenedAnnual report
「Overseas, the spread of COVID-19 continues, and concerns over prolonged stagnation in economic activity and prolonged US-China trade friction remain sources of concern, leaving the outlook uncertain.」
The disclosure identified the spread of COVID-19, concerns over prolonged stagnation in economic activity, and prolonged US-China trade friction as sources of concern regarding overseas political and economic uncertainty. - FY2021-Q2WorsenedAnnual report
「Overseas, the outlook remains uncertain as COVID-19 cases in Europe have surged again, tighter restrictions are weighing on economic activity, and deep-rooted US-China tensions over the pandemic remain a source of concern.」
The disclosure explicitly identified the renewed surge in cases in Europe, tighter restrictions, and US-China tensions as sources of concern regarding overseas political and economic uncertainty. - FY2021-Q1WorsenedAnnual report
「Overseas, the outlook remains uncertain due to the COVID-19 pandemic, escalating US-China tensions, and difficulties in EU-UK trade negotiations.」
The disclosure identified the COVID-19 pandemic, escalating US-China tensions, and difficulties in EU-UK trade negotiations as factors behind overseas political and economic uncertainty. - FY2020WorsenedAnnual report
「Overseas, the outlook remains uncertain due to the impact of prolonged US-China trade issues on the global economy, concerns over a slowdown in the Chinese and European economies, and the effects of COVID-19.」
In addition to the policies of the previous US administration and geopolitical risks, the disclosure identified prolonged US-China trade issues, concerns over a slowdown in the Chinese and European economies, and the effects of COVID-19 as sources of uncertainty. - FY2020-Q2WorsenedAnnual report
「The outlook remains uncertain due to the impact of prolonged US-China trade issues on the global economy, concerns over a slowdown in the Chinese economy, and uncertainty over the UK's EU withdrawal, as well as other factors related to overseas economic trends and policies.」
The disclosure added that US-China trade issues have been prolonged and stated that uncertainty over overseas economies and policies continues, along with concerns over a slowdown in the Chinese economy and the UK's EU withdrawal. - FY2020-Q1ReframedAnnual report
「The outlook remains uncertain due to the impact of developments in US-China trade relations on the global economy, the outlook for the Chinese economy, Brexit developments, and other uncertainties concerning overseas economic conditions and policies.」
The description expanded from the policies of the US administration to broader uncertainty over overseas economies and policies, including US-China trade issues, the Chinese economy, and the UK's EU withdrawal. - FY2019-Q2RestatedAnnual report
「Overseas, political and economic uncertainty has increased further due to developments in US administration policies and geopolitical risks in East Asia.」
The disclosure reiterates the policies of the US administration as a source of political and economic uncertainty. - FY2018RestatedAnnual report
「Political and economic uncertainty has increased further due to developments in US administration policies and geopolitical risks in East Asia.」
The disclosure reiterates the policies of the US administration as an ongoing source of political and economic uncertainty. - FY2018-Q3RestatedAnnual report
「Political and economic uncertainty has increased further due to developments in US administration policies and geopolitical risks in East Asia.」
The disclosure reiterates the policies of the US administration as a source of political and economic uncertainty. - FY2018-Q2RestatedAnnual report
「Political and economic uncertainty is increasing, including uncertainty over the policies of the new US administration and geopolitical risks in East Asia.」
The disclosure reiterates the policies of the new US administration as a source of political and economic uncertainty. - FY2017ReframedAnnual report
「Growing political and economic uncertainty resulting from the UK's EU withdrawal issue and the policies of the new US administration, among other factors」
The description changed from the past event of the US presidential election outcome to the ongoing uncertainty surrounding the policies of the new US administration. - FY2017-Q3First statedAnnual report
「Growing political and economic uncertainty resulting from the UK's EU withdrawal issue and the outcome of the US presidential election, among other factors」
The outcome of the US presidential election was explicitly identified for the first time as a source of political and economic uncertainty, alongside the UK's EU withdrawal issue.