Economic and Market Slowdown in China and Emerging Markets
First written in FY2017-Q1. 16 of 28 entries say "Worsened", first in FY2017-Q3. Latest entry: 2026-08-07.
The whole theme swung hardest in 2022: 124 of 167 companies on the "Worse" side.
- 2026-08-07WorsenedEarnings
「Although production in China declined, net sales rose 3.6% year on year to ¥5,339 million, mainly due to higher production in India and the impact of foreign exchange movements.」
While production in China continued to decline, sales across Asia increased mainly because of higher production in India. - FY2026WorsenedAnnual report
「Overseas, the outlook remained uncertain due to the prolonged geopolitical risks surrounding the Middle East and Ukraine and slowing growth in China.」
Slowing growth in China was specifically identified as a full-year risk to overseas economies, and uncertainty about the outlook continued alongside the prolonged situation in the Middle East and Ukraine. - FY2026-H1WorsenedAnnual report
「Overseas, the outlook remains uncertain due to downside risks to the global economy resulting from conflicts in the Middle East and Ukraine, as well as the full-scale application of additional US tariffs from August, together with an economic recession and declining exports in China.」
The economic recession and declining exports in China were newly specified, alongside the conflicts in the Middle East and Ukraine and additional US tariffs, as downside factors for overseas economies. - FY2025WorsenedAnnual report
「Affected by weak sales of Japanese vehicles in China, lower production resulted in net sales of ¥24,828 million, down 18.7% year on year. Although the company implemented an early-retirement program and pursued cost-reduction initiatives, operating profit was ¥410 million, down 68.6%, due to the impact of lower sales.」
Weak sales of Japanese vehicles in China were reflected in an 18.7% decrease in sales in Asia and a 68.6% decrease in operating profit for the full fiscal year, making the impact of the economic and market slowdown more concrete. - FY2025-H1WorsenedAnnual report
「Due to lower production resulting from weak sales of Japanese vehicles in China, net sales were ¥11,857 million, down 17.9% year on year, and operating loss was ¥57 million, compared with operating profit of ¥667 million in the same period of the previous year.」
Lower production resulting from weak sales of Japanese vehicles in China was reflected in a 17.9% decrease in sales in Asia and a shift from operating profit of ¥667 million in the same period of the previous year to an operating loss of ¥57 million. - FY2024-Q3WorsenedAnnual report
「Due to a decline in automobile production in China, net sales were ¥21,777 million, down 9.4% year on year, and operating profit was ¥1,058 million, down 14.1%.」
The decline in automobile production in China was reflected in a 9.4% decrease in sales and a 14.1% decrease in operating profit in Asia. - FY2024-Q2Added evidence of higher profit in Asia despite lower production in ChinaAnnual report
「Due to a decline in automobile production in China, net sales were ¥14,436 million, down 1.8% year on year, and operating profit was ¥667 million, up 16.3%.」
While sales in Asia fell 1.8% year on year due to lower automobile production in China, operating profit was ¥667 million, up 16.3%. The factors behind the slowdown in the Chinese market and evidence of improved profitability are presented together. - FY2024-Q1WorsenedAnnual report
「Due to a decline in automobile production in China, net sales were ¥8,260 million, down 3.6% year on year, and operating profit was ¥473 million, down 21.7%.」
The decline in automobile production in China was reflected in a 3.6% decrease in sales and a 21.7% decrease in operating profit in Asia, making the impact of the slowdown in the Chinese and emerging-market economies concrete. - FY2023WorsenedAnnual report
「The global economy during the consolidated fiscal year remained difficult, as the recovery trend slowed due to factors including higher resource prices resulting from Russia's invasion of Ukraine, worldwide inflation, and the resurgence of COVID-19 following China's review of its zero-COVID policy.」
The resurgence of the pandemic following China's policy shift was added, and the recovery trend in the global economy, including China and Asia, was indicated to have slowed. - FY2023-Q3RestatedAnnual report
「Downside economic risks, including parts supply shortages caused by supply chain disruptions resulting from China's lockdowns, have accumulated,」
Supply chain disruptions and parts supply shortages associated with China's lockdowns continue to be cited as downside factors for overseas economies, including China and Asia. - FY2023-Q2WorsenedAnnual report
「Due to the impact of China's lockdowns, net sales were ¥14,701 million, down 1.4% year on year, and operating profit was ¥574 million, down 54.7%.」
The impact of China's lockdowns reduced sales in Asia, while operating profit also fell 54.7% year on year. The risk of an economic slowdown in China and emerging markets was reflected in actual business performance. - FY2022MitigatedAnnual report
「As COVID-19 temporarily eased, production increased in China and Thailand. Net sales were ¥29,095 million, up 11.3% year on year, and operating profit was ¥2,069 million, up 19.2%.」
Increased production in China and Thailand, together with higher sales and profit in Asia, was indicated, adding evidence of an improvement from the previously deteriorating market and business environment in China and emerging markets. - FY2022-Q2WorsenedAnnual report
「The outlook for the economy remains uncertain, as it has been forced to slow due to the resurgence of COVID-19, particularly in emerging Asian markets, and the impact of semiconductor supply shortages.」
The resurgence of the pandemic, particularly in emerging Asian markets, together with semiconductor supply shortages, pointed to an economic slowdown and an uncertain outlook. - FY2020WorsenedAnnual report
「During the consolidated fiscal year, the global economy continued to slow against a backdrop of deteriorating market conditions resulting from prolonged US-China trade friction and slower growth in Asia, but the global spread of COVID-19 made the outlook even more uncertain.」
In addition to prolonged US-China trade friction and slower growth in Asia, the global spread of COVID-19 further intensified the slowdown and uncertainty surrounding the global economy. - FY2020-Q3WorsenedAnnual report
「Overseas, concerns arose over the impact of prolonged US-China trade friction, and uncertain conditions continued.」
Concerns over the impact of prolonged US-China trade friction continued, and uncertainty about the outlook persisted. Compared with the description in the previous cumulative second quarter, the prolonged nature of the friction was explicitly stated. - FY2020-Q2RestatedAnnual report
「Overseas, the US economy followed a gradual recovery trend, but China showed signs of a slowdown due to the impact of trade friction and other factors, and uncertain conditions continued.」
The slowdown in the Chinese economy and uncertainty about the outlook continued to be noted. The impact of trade friction and other factors was identified as a cause of the slowdown. - FY2020-Q1RestatedAnnual report
「Overseas, the US economy recovered gradually, while China showed signs of a slowdown, and uncertain conditions continued.」
The slowdown in the Chinese economy and uncertainty about the outlook continued to be noted. The US economy was described as recovering gradually. - FY2019WorsenedAnnual report
「Regarding the environment surrounding the Group going forward, the economies of both developed and emerging countries are expected to remain firm, but developments in US-China trade friction and the slowdown in the Chinese economy will require close attention.」
The slowdown in the Chinese economy was explicitly identified, together with US-China trade friction, as an external risk requiring attention going forward. - FY2019-Q3WorsenedAnnual report
「Overseas, concerns arose over the impact of prolonged US-China trade friction, and the uncertain conditions continued.」
In addition to the concerns over US-China trade friction noted through the previous quarter, its prolongation was explicitly stated, and uncertainty about the outlook continued. - FY2019-Q2RestatedAnnual report
「Overseas, concerns arose over the impact of US-China trade friction, and conditions remained uncertain.」
Uncertainty about the outlook due to US-China trade friction continued to be noted from the previous quarter. - FY2019-Q1WorsenedAnnual report
「Overseas, concerns arose over the impact of trade friction on the United States and China, and conditions remained uncertain.」
The description of recovery in China and emerging markets and a recovery trend presented for FY2018 was replaced by an indication of uncertainty about the outlook for the United States and China due to trade friction, reflecting heightened risk awareness. - FY2018RestatedAnnual report
「During the consolidated fiscal year, developed economies, mainly in Europe and the United States, remained firm, while China and emerging markets showed signs of recovery, and the global economy generally followed a recovery trend.」
Regarding China and emerging markets, signs of recovery continued to be indicated, replacing the descriptions of slowdown and weakness through the previous period, and the global economy was described as generally following a recovery trend. - FY2018-Q3RestatedAnnual report
「Overseas, the US economy remained firm, while China and emerging markets also showed signs of recovery.」
Regarding China and emerging markets, signs of recovery continued to be noted from the previous quarter. - FY2018-Q1MitigatedAnnual report
「Overseas, the US economy remained firm, while China showed signs of recovery.」
Regarding the Chinese economy, the description changed from the slowdown and weakness noted through the previous period to one indicating signs of recovery. - FY2017SoftenedAnnual report
「During the consolidated fiscal year, the global economy grew moderately, led by developed economies including the United States, although some weakness remained in the growth of the Chinese and emerging-market economies.」
Regarding the Chinese economy, the annual report described “some weakness remaining in growth,” compared with “the slowdown intensified” in the previous quarter. However, it stated that the slowdown in the Chinese and emerging Asian economies would require close attention as a future issue, indicating that the risks themselves remain. - FY2017-Q3WorsenedAnnual report
「The US economy remained firm, but the slowdown in China intensified, and an uncertain outlook continued.」
Regarding the Chinese economy, the wording was strengthened from “signs of a slowdown” in the previous quarter to “the slowdown intensified.” - FY2017-Q2RestatedAnnual report
「Overseas, the US economy remained firm, while China showed signs of an economic slowdown associated with an adjustment in excessive investment, and an uncertain outlook continued.」
The firmness of the US economy was noted, while descriptions of a slowdown in the Chinese economy and uncertainty about the outlook continued. - FY2017-Q1First statedAnnual report
「In China, signs of an economic slowdown emerged, and an uncertain outlook continued.」
Overseas, a slowdown in the Chinese economy and uncertainty about the outlook were noted, while some emerging markets also showed signs of a slowdown.