Downside risks from political developments in Europe and the United States, delayed recovery in China and other Asian markets, and geopolitical risks
First written in FY2017. 13 of 27 entries say "Restated". Latest entry: FY2026.
Suzuden moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 41 of 56 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Meanwhile, uncertainty about the outlook continued due to concerns over the impact on the economy of surging resource prices and rising prices against a backdrop of unstable international conditions, and companies were seen taking a cautious stance toward production activity and capital investment.」
Uncertainty arising from international conditions, resource prices and rising prices, together with companies' cautious stance toward production activity and capital investment, continues to be cited. - FY2025-H1RestatedAnnual report
「Concerns also arose over the impact on earnings of surging resource prices accompanying prolonged global geopolitical risks and rapid exchange-rate fluctuations, and companies were seen taking a cautious stance toward production activity and capital investment.」
The prolonged geopolitical risks, surging resource prices, exchange-rate fluctuations, and companies' cautious stance toward production activity and capital investment continue to be cited as concerns relating to the external environment. - FY2024WorsenedAnnual report
「Uncertainty about the outlook continued due to surging energy prices caused by unstable international conditions and rising prices caused by exchange-rate fluctuations, and companies were seen taking a cautious stance toward production activity and capital investment.」
International conditions, energy prices, exchange-rate fluctuations and rising prices are cited as sources of uncertainty, contributing to companies' cautious stance toward production activity and capital investment. - FY2024-Q3WorsenedAnnual report
「Meanwhile, uncertainty about the outlook continued due to the escalating situations in Ukraine and the Middle East, higher energy prices caused by the weak yen, and rising prices, and companies were seen taking a cautious stance toward production activity and capital investment.」
In addition to the situation in Ukraine, the escalating situation in the Middle East, higher energy prices caused by the weak yen and rising prices are cited as sources of uncertainty, contributing to companies' cautious stance toward production activity and capital investment. - FY2024-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period (1 April 2023 to 30 September 2023), the environment surrounding our group saw further normalization of socioeconomic activity as COVID-19 was reclassified as a Class 5 infectious disease. However, the prolonged situation in Ukraine, the accelerating depreciation of the yen, heightened geopolitical risks including tensions between the United States and China, and the slowdown in semiconductor demand due to a global economic downturn led companies to adopt a cautious stance toward production activity and capital investment.」
While socioeconomic activity continued to normalize, uncertainty in the external environment caused by the situation in Ukraine, the weak yen, tensions between the United States and China, the global economic downturn and slowing semiconductor demand, as well as companies' cautious stance, continued to be cited. - FY2023WorsenedAnnual report
「We expect uncertain conditions to persist, including a slowdown in semiconductor demand due to a global economic downturn and geopolitical risks in the external environment, such as the situation in Ukraine and tensions between the United States and China.」
In addition to conventional factors such as infectious diseases, resource prices and the weak yen, the slowdown in semiconductor demand due to a global economic downturn, the situation in Ukraine and tensions between the United States and China are cited as sources of uncertainty. - FY2023-Q2WorsenedAnnual report
「Although uncertainty about the economic outlook remains because of surging resource prices resulting from the prolonged situation in Ukraine and rising prices caused by the rapid depreciation of the yen, the business environment surrounding the Group continues to be affected by these factors,」
In addition to conventional factors such as infectious diseases and geopolitical developments, the prolonged situation in Ukraine, surging resource prices, the rapid depreciation of the yen and rising prices are cited as sources of uncertainty. Meanwhile, corporate production activity and demand for capital investment are considered firm. - FY2023-Q1WorsenedAnnual report
「Although uncertainty about the economic outlook remains because of supply chain disruptions caused by the Shanghai lockdown under China's zero-COVID policy and surging crude oil prices resulting from the situation in Ukraine,」
In addition to the previous pandemic, geopolitical and trade issues, supply chain disruptions from the Shanghai lockdown in China and surging crude oil prices resulting from the situation in Ukraine are described as new sources of uncertainty. - FY2022-Q3WorsenedAnnual report
「During the third quarter of the current consolidated fiscal year (1 April 2021 to 31 December 2021), production activity and capital investment demand showed signs of recovery as COVID-19 vaccinations progressed and restrictions on activities were eased, but concerns about the spread of infections from new variants and the resulting stagnation of production activity caused by tight supply and demand for semiconductors, resin materials and other products also became apparent, leaving the outlook uncertain.」
Although production activity and capital investment demand showed signs of recovery, concerns about new variants and the impact of production stagnation caused by tight supply and demand for semiconductors, resin materials and other products became apparent, adding to the factors creating uncertainty in the external environment. - FY2022-Q1RestatedAnnual report
「Although the timing of the end of the COVID-19 pandemic remains uncertain in the business environment surrounding the Group, corporate production activity and capital investment demand have shown signs of recovery,」
Although the timing of the end of the pandemic remains uncertain, the Company states that production activity and capital investment demand are showing signs of recovery. - FY2021RestatedAnnual report
「Although factors related to the COVID-19 pandemic and localized geopolitical risks continue to affect domestic and overseas economic activity, the electrical equipment, electronic components and industrial machinery industries, which are the Group's main customer industries, are showing a gradual recovery trend, and at this stage we expect production and capital investment to increase going forward.」
While factors related to the pandemic and geopolitical risks remain, the Company describes a gradual recovery in production and capital investment among its main customer industries, with further increases expected going forward. - FY2021-Q3WorsenedAnnual report
「During the third quarter of the current consolidated fiscal year, production activity and capital investment demand, which had slowed because of the spread of the COVID-19 pandemic, gradually began to recover, but uncertainty about the outlook intensified again following the renewed spread of infections from the end of the year.」
Although production activity and capital investment demand showed signs of recovery, uncertainty about the outlook intensified again because of the renewed spread of infections from the end of the year. - FY2021-Q2RestatedAnnual report
「During the second quarter of the current consolidated fiscal year (1 April 2020 to 30 September 2020), economic activity remained significantly constrained by the COVID-19 pandemic, and conditions remained uncertain, with companies in Japan and overseas continuing to refrain from capital investment.」
Restrictions on economic activity, restraint on capital investment and an uncertain external environment due to the COVID-19 pandemic continue. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal year (1 April 2020 to 30 June 2020), economic conditions surrounding the Group deteriorated rapidly because domestic and overseas economic activity stagnated and contracted as the COVID-19 pandemic spread, and the outlook remains extremely uncertain.」
In addition to the previous risks from trade issues and an economic slowdown, the stagnation and contraction of domestic and overseas economic activity caused by the spread of the pandemic are described as resulting in a rapid economic deterioration and an extremely uncertain outlook, indicating heightened external-environment risks. - FY2020WorsenedAnnual report
「In addition to U.S.-China trade friction and other trade issues, the current business environment surrounding the Group is raising concerns about stagnation in corporate production activity and capital investment because of the deterioration across the overall economy caused by the COVID-19 pandemic that began in January 2020.」
In addition to the previous U.S.-China trade friction and other trade issues, the deterioration in the economy caused by the COVID-19 pandemic and concerns about stagnation in production activity and capital investment have increased external-environment risks. - FY2020-Q3WorsenedAnnual report
「Against the backdrop of the prolonged U.S.-China trade friction, the global economy remains uncertain, while production activity and capital investment in the manufacturing sector continue to stagnate because of declining exports and other factors.」
Against the backdrop of the prolonged U.S.-China trade friction and declining exports, not only does uncertainty in the global economy continue, but production activity and capital investment in the manufacturing sector also remain stagnant. - FY2020-Q2WorsenedAnnual report
「During the second quarter of the current consolidated fiscal year (1 April 2019 to 30 September 2019), exports and production activity in the domestic economy remained weak, affected by the prolonged U.S.-China trade friction and other factors.」
The Company states that the prolonged U.S.-China trade friction and other factors affected exports and production activity, causing the domestic economy to remain weak, with uncertainty in the external environment emerging as weakness in actual activity. - FY2020-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal year (1 April 2019 to 30 June 2019), economic conditions surrounding the Group remained uncertain, as exports and production activity lacked strength because of the prolonged U.S.-China trade friction and the slowdown in domestic and overseas economies.」
Because of the prolonged U.S.-China trade friction and the slowdown in domestic and overseas economies, exports and production activity lacked strength, and uncertainty about the outlook continues. - FY2019RestatedAnnual report
「Although the domestic economy remains uncertain because of concerns about a slowdown in the Chinese economy, trade issues and other factors affecting the business environment surrounding the Group, we expect corporate production activity and capital investment to remain on a gradual recovery trend.」
While uncertainty due to concerns about a slowdown in the Chinese economy and trade issues continues, the Company expects a gradual recovery in production activity and capital investment. - FY2019-Q3WorsenedAnnual report
「During the third quarter of the current consolidated fiscal year (1 April 2018 to 31 December 2018), rising uncertainty in domestic and overseas economies due to U.S.-China trade friction and other factors left the outlook uncertain.」
The wording has changed to state that rising uncertainty in domestic and overseas economies due to U.S.-China trade friction and other factors has left the outlook uncertain. - FY2019-Q2RestatedAnnual report
「During the second quarter of the current consolidated fiscal year (1 April 2018 to 30 September 2018), economic conditions surrounding the Group remained on a gradual recovery trend in Japan, supported by improvements in corporate earnings and employment conditions, despite concerns about the impact of U.S.-China trade friction and natural disasters in Japan.」
The Company explicitly identifies U.S.-China trade friction and natural disasters in Japan as sources of uncertainty in the external environment. Meanwhile, the domestic economy is described as being on a gradual recovery trend. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year (1 April 2018 to 30 June 2018), economic conditions surrounding the Group remained on a gradual recovery trend in Japan, as the recovery in corporate earnings and improvement in employment conditions continued, despite concerns about the impact of U.S. trade policy.」
In addition to the previously cited political developments and geopolitical risks, the Company describes concerns about the impact of U.S. trade policy as a source of uncertainty in overseas conditions. - FY2018RestatedAnnual report
「Economic conditions surrounding the Group during the current consolidated fiscal year remained solid, supported by the recovery of overseas economies and improved corporate earnings, although uncertainty about the outlook remained because of uncertain political developments in Europe and the United States and heightened geopolitical risks in the Middle East and on the Korean Peninsula.」
The Company continues to describe uncertainty in overseas conditions arising from political developments in Europe and the United States and geopolitical risks in the Middle East and on the Korean Peninsula. Meanwhile, overseas economies are described as recovering. - FY2018-Q3RestatedAnnual report
「During the third quarter of the current consolidated fiscal year (1 April 2017 to 31 December 2017), economic conditions surrounding the Group were on a gradual recovery trend overseas, despite continued political instability in Europe and the United States, concerns about downside risks in the Chinese economy and geopolitical risks.」
The Company states that political instability in Europe and the United States, concerns about downside risks in the Chinese economy and geopolitical risks remain. Meanwhile, overseas economic conditions are described as being on a gradual recovery trend. - FY2018-Q2RestatedAnnual report
「While uncertainty remains regarding overseas conditions, including unstable political developments in Europe and the United States, concerns about a slowdown in the Chinese economy, and geopolitical risks on the Korean Peninsula, in the Middle East and elsewhere,」
The Company continues to describe uncertainty in overseas conditions arising from political developments in Europe and the United States, concerns about a slowdown in the Chinese economy, and geopolitical risks on the Korean Peninsula, in the Middle East and elsewhere. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, economic conditions remained uncertain because of political developments in Europe and the United States and heightened geopolitical risks, while the domestic economy remained on a gradual recovery trend as corporate earnings improved.」
Uncertainty due to political developments in Europe and the United States and geopolitical risks continues. - FY2017First statedAnnual report
「Although there were downside risks from changes in the political situation in Europe and the United States, delayed recovery in Asian markets, particularly China, and rising geopolitical risks,」
In addition to the previous risk of dependence on capital investment demand, the Company explicitly identifies Western political conditions, delayed recovery in the Chinese and Asian markets, and geopolitical risks as downside factors.