Emerging-Market Slowdown, Weakness in Resource-Rich Economies, and Downside Risk to the Global Economy
First written in FY2016. 15 of 34 entries say "Restated". Latest entry: FY2026.
F.C.C. moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 160 of 184 companies on the "Worse" side.
84 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Looking at economic conditions during the current consolidated fiscal year, although there were signs of a recovery from the previous fiscal year, conditions remained uncertain amid supply-side constraints, rising prices and volatility in financial and capital markets.」
Multiple factors, including US trade policy, concerns about the outlook for China's economy, the situation in the Middle East and rising prices, continue or have been added as downside risks to the global economy. - 2026-05-13WorsenedEarnings
「Looking at economic conditions during the fiscal year, although signs of a moderate recovery were observed, conditions remained uncertain due in part to US trade policy, concerns about the outlook for the Chinese economy, escalating tensions in the Middle East, and rising prices.」
世界経済の下振れ要因として、米国の通商政策、中東情勢の緊迫化、物価上昇が追加的に記載されている。 - FY2026-H1WorsenedAnnual report
「During the interim consolidated accounting period, economic conditions showed signs of a moderate recovery, but remained uncertain due in part to US trade policy, concerns about the outlook for the Chinese economy, and rising prices.」
Regarding downside risks to the global economy, it continues to identify US trade policy, concerns about the outlook for China's economy and rising prices as specific factors, and maintains its view that the outlook is uncertain. - FY2025-H1WorsenedAnnual report
「During the interim consolidated accounting period, economic conditions remained uncertain due in part to rising prices, volatility in financial and capital markets, and concerns about the outlook for the Chinese economy.」
Concerns about the outlook for China's economy are cited, in addition to rising prices and volatility in financial and capital markets, as downside factors for the global economy, and uncertainty about the outlook continues. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter, economic conditions remained uncertain amid rising prices and fluctuations in financial and capital markets.」
It recognises that rising prices and volatility in financial and capital markets continue to be downside factors for the global economy, leaving the outlook uncertain. - FY2024-Q1MitigatedAnnual report
「Although economic conditions remained uncertain amid rising prices and volatility in financial and capital markets during the cumulative first quarter of the current consolidated fiscal year, the economy recovered moderately.」
It states that, while uncertainty caused by rising prices and volatility in financial and capital markets continues, the economy recovered moderately, indicating some easing of concerns about downside risks to the global economy. - FY2023WorsenedAnnual report
「Looking at economic conditions during the current consolidated fiscal year, although there were signs of a recovery from the previous fiscal year, conditions remained uncertain amid supply-side constraints, rising prices and volatility in financial and capital markets.」
It states that supply constraints, rising prices and volatility in financial and capital markets continue to pose downside risks to the global economy. - FY2023-Q3WorsenedAnnual report
「Although there were signs of an overall recovery in economic conditions during the cumulative third quarter of the current consolidated fiscal year, conditions remained uncertain amid supply-side constraints, rising prices and volatility in financial and capital markets. In the automotive industry, production was on a recovery trend, but the impact of production cuts due to semiconductor shortages and soaring raw material prices continued, while production cuts resulting from China's lockdown also had an impact.」
Supply constraints, rising prices, volatility in financial markets, semiconductor shortages, soaring raw material prices and production cuts resulting from China's lockdown continue to be cited as downside factors for the global economy and automotive demand. - FY2023-Q2WorsenedAnnual report
「During the cumulative second quarter, economic conditions showed signs of recovery, but remained uncertain amid supply-side constraints, rising prices and fluctuations in financial and capital markets.」
Supply-side constraints, rising prices and volatility in financial and capital markets are cited as downside factors for the global economy, and it states that uncertainty about the outlook continues. - FY2023-Q1WorsenedAnnual report
「Although there were signs of an overall recovery in economic conditions during the cumulative first quarter of the current consolidated fiscal year, the recovery stalled amid the renewed spread of COVID-19, supply-side constraints and volatility in financial and capital markets. In the automotive industry, the impact of production cuts due to semiconductor shortages and soaring raw material prices continued, while production cuts resulting from China's lockdown also had an impact.」
The renewed spread of the pandemic, supply constraints, volatility in financial markets, semiconductor shortages, soaring raw material prices and production cuts resulting from China's lockdown are all cited as downside factors for the global economy and automotive demand. - FY2022-Q3RestatedAnnual report
「Although economic conditions remained uncertain due to the impact of COVID-19, there were signs of an overall recovery during the cumulative third quarter of the current consolidated fiscal year.」
It continues to take the view that economic conditions are generally recovering, while recognising the uncertainty in the economic environment resulting from the impact of the pandemic. - FY2022-Q2MitigatedAnnual report
「Although economic conditions remained uncertain due to the impact of COVID-19, there were signs of an overall recovery during the cumulative second quarter of the current consolidated fiscal year.」
It states that, while uncertainty from the impact of the pandemic remains, economic conditions generally recovered. - FY2022-Q1MitigatedAnnual report
「During the first quarter of the consolidated cumulative period, economic conditions remained uncertain due to the impact of COVID-19, but overall showed signs of recovery.」
Although uncertainty continued due to the impact of COVID-19, economic conditions are stated to have generally recovered. - FY2021WorsenedAnnual report
「Although the spread of vaccine development and vaccinations is expected to bring the COVID-19 pandemic under control, risks including a resurgence of infections caused by variants, renewed lockdowns and semiconductor shortages require attention, and the outlook remains uncertain.」
Uncertainty factors contributing to downside risk in the global economy were added, including a resurgence of infections, renewed lockdowns, and semiconductor supply shortages. - FY2021-Q3RestatedAnnual report
「During the third quarter of the consolidated cumulative period, economic conditions were significantly constrained by the impact of COVID-19, but overall showed signs of recovery from the first-quarter trough.」
While recognizing the constraints on economic activity caused by COVID-19, the view that economic conditions are recovering from the first-quarter trough continues to be maintained. - FY2021-Q2MitigatedAnnual report
「During the second quarter of the consolidated cumulative period, economic conditions were significantly constrained by the impact of COVID-19, including the declaration of a state of emergency in Japan and lockdowns overseas, but overall showed signs of recovery from the first-quarter trough.」
Although economic activity continues to be significantly constrained by COVID-19, economic conditions are stated to have generally shown signs of recovery from the first-quarter trough. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the consolidated cumulative period, economic conditions were significantly constrained by the impact of COVID-19, including the declaration of a state of emergency in Japan and lockdowns overseas.」
In addition to the existing risk of a downturn in the global economy, the significant constraint on economic activity caused by COVID-19 is disclosed, indicating a specific deterioration in the economic environment. - FY2020WorsenedAnnual report
「Looking ahead, attention must be paid to the risk of a further economic downturn due to the impact of COVID-19, and the outlook remains extremely uncertain.」
In addition to the existing risk of a downturn in the global economy, an economic downturn caused by COVID-19 is explicitly identified, and the outlook is described as extremely uncertain. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No significant changes have been made to the existing risks related to an economic slowdown in emerging markets, stagnation in resource-rich economies, and a downturn in the global economy. - FY2020-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No significant changes have been made to the existing risks related to an economic slowdown in emerging markets, stagnation in resource-rich economies, and a downturn in the global economy. - FY2020-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No significant changes have been made to the existing risks related to an economic slowdown in emerging markets, stagnation in resource-rich economies, and a downturn in the global economy. - FY2019WorsenedAnnual report
「Looking ahead, attention must be paid to downside risks to the global economy, including the impact of US-China trade tensions, developments concerning the UK's withdrawal from the European Union, and fluctuations in financial and capital markets.」
In addition to political and economic developments in the United States and China and other factors identified in the previous fiscal year, US-China trade friction is identified as a specific downside factor. - FY2019-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No significant changes have been made to the existing risks related to an economic slowdown in emerging markets, stagnation in resource-rich economies, and a downturn in the global economy. - FY2019-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No significant changes have been made to the existing risks related to an economic slowdown in emerging markets, stagnation in resource-rich economies, and a downturn in the global economy. - FY2019-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No significant changes have been made to the existing risks related to an economic slowdown in emerging markets, stagnation in resource-rich economies, and a downturn in the global economy. - FY2018SoftenedAnnual report
「Looking ahead, the global economy is expected to recover moderately, but attention must be paid to political and economic developments in the United States and China and fluctuations in financial and capital markets.」
The specific downside factors identified in the previous fiscal year, including the UK's withdrawal from the EU and an economic slowdown in emerging markets, are no longer indicated. While the global economy is expected to recover moderately, attention is now focused on uncertainty surrounding the United States, China, and financial markets. - FY2018-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No significant changes have been made to the existing risks related to an economic slowdown in emerging markets, stagnation in resource-rich economies, and a downturn in the global economy. - FY2018-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No significant changes have been made to the existing risks related to an economic slowdown in emerging markets, stagnation in resource-rich economies, and a downturn in the global economy. - FY2018-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No significant changes have been made to the existing risks related to an economic slowdown in emerging markets, stagnation in resource-rich economies, and a downturn in the global economy. - FY2017WorsenedAnnual report
「Looking ahead, attention must be paid to the risk of a downturn in the global economy, including heightened uncertainty arising from political and economic developments in the United States and the UK's withdrawal from the EU.」
In addition to the previously identified risk of an economic slowdown in emerging markets, political and economic developments in the United States and heightened uncertainty associated with the UK's withdrawal from the EU are newly identified as specific factors contributing to downside risk. - FY2017-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No significant changes have been made to the existing risks related to an economic slowdown in emerging markets, stagnation in resource-rich economies, and a downturn in the global economy. - FY2017-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No significant changes have been made to the existing risks related to an economic slowdown in emerging markets, stagnation in resource-rich economies, and a downturn in the global economy. - FY2017-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
No significant changes have been made to the existing risks related to an economic slowdown in emerging markets, stagnation in resource-rich economies, and a downturn in the global economy. - FY2016First statedAnnual report
「Attention must be paid to the risk of a downturn in the global economy due to an economic slowdown in emerging markets, including China, concerns about stagnation in resource-rich economies resulting from lower resource prices, and developments in the normalization of US monetary policy.」
This is identified as an external-environment risk in the outlook for the business environment.