Global Economic Downturn and Declining Demand
First written in FY2016. 7 of 24 entries say "Materialised", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2022: 124 of 167 companies on the "Worse" side.
- FY2026MaterialisedAnnual report
「The economic and market environment remains challenging, due to slower consumption and investment in the European market, additional U.S. tariffs, stagnation in the Chinese economy, heightened geopolitical risks and global price increases.」
Previously identified economic and demand risks emerged in the current period's business environment and results as slower demand in Europe and China, additional U.S. tariffs and rising prices. - FY2026-H1MaterialisedAnnual report
「Business profit decreased by ¥7,633 million, or 37.4%, year on year to ¥12,797 million, mainly due to the impact of additional U.S. tariffs and a deterioration in the product mix.」
Of the previously identified economic and trade-environment risks, the impact of additional U.S. tariffs emerged as an actual factor behind the decline in business profit. In China, continued weakness in personal consumption, declining exports to the United States and higher costs due to rising prices were also identified as downside risks. - FY2025-H1Downside risks from stagnation in China and global interest-rate fluctuationsAnnual report
「In China, weak personal consumption continued, capital investment remained sluggish, and the economy continued to stagnate. Although some countries and regions were recovering, downside risks from global interest-rate fluctuations and stagnation in the Chinese market persisted, and the global economic outlook remained uncertain.」
While recovery trends were seen in the United States and Europe, the company identified stagnation in China's personal consumption and capital investment, as well as downside risks from global interest-rate fluctuations. - FY2024-Q3Economic stagnation in Europe and China coexists with downside risks from the situation in the Middle EastAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the Japanese economy recovered moderately, despite some signs of stagnation, supported by improving employment conditions and a recovery in personal consumption, particularly in the services sector. Overseas, the United States showed signs of economic recovery as personal consumption and residential investment increased. In Europe, consumption and production remained weak, partly due to the effects of monetary tightening. In China, personal consumption and capital investment remained sluggish, and the economy showed signs of stagnation. Downside risks associated with changes in the situation in the Middle East and instability in the Chinese economy remain, and the global economic outlook continues to be uncertain.」
While recovery trends in the United States and Japan were noted, consumption and production remained weak in Europe, investment stagnated in China, and downside risks arising from changes in the situation in the Middle East and instability in the Chinese economy were identified. - FY2024-Q2Economic stagnation in Europe and China coexists with downside risksAnnual report
「Overseas economies continued to show signs of recovery. In the United States, personal consumption increased and the economic recovery continued. In Europe, the economy remained sluggish, partly because rising prices weakened purchasing power. In China, rebound demand following the lifting of the zero-COVID policy subsided, while personal consumption and capital investment remained sluggish. Downside risks remain due to global monetary tightening and instability in the Chinese economy, and the global economic outlook remains uncertain.」
While the recovery trend continued, Europe experienced stagnation due to weak purchasing power, and China saw sluggish personal consumption and capital investment as rebound demand subsided. Downside risks arising from monetary tightening and instability in the Chinese economy also persisted. - FY2024-Q1Economic recovery coexists with downside risksAnnual report
「Although economic recovery is expected to continue in Japan and overseas, concerns remain over downside risks, including the impact of global monetary tightening, rising prices and unstable energy conditions, particularly in Europe. The global economic outlook therefore remains uncertain.」
While noting economic recovery in Japan and overseas, the company continues to identify downside risks and uncertainty over the outlook arising from monetary tightening, rising prices and unstable energy conditions. - FY2023-Q3MaterialisedAnnual report
「During the cumulative third quarter of the fiscal year, Japan’s economy continued to recover moderately as economic activity normalised. However, the domestic and international economic environment remained uncertain due to sharp foreign exchange fluctuations, particularly against the U.S. dollar, resulting from global monetary tightening, the prolonged impact of semiconductor shortages and rising prices. Overseas, the U.S. economy continued to recover, while Europe showed signs of stagnation. China also showed signs of stagnation in its economic recovery amid disruption caused by COVID-19.」
While the economy continued to recover, tighter monetary policy, sharp exchange-rate fluctuations, semiconductor shortages, rising prices, stagnation in Europe and disruption caused by infectious diseases in China emerged as actual business-environment factors. Revenue increased 11.9% year on year, but the company explained that it was affected by these factors. - FY2023-Q2Economic uncertainty accompanied by inflation, semiconductor shortages and a weaker yenAnnual report
「In Japan, signs of recovery toward the normalisation of economic activity continued, including the easing of restrictions on activities imposed due to COVID-19. However, the global economic outlook remained uncertain due to worldwide inflation, the impact of semiconductor shortages and other factors.」
While reporting the normalisation of economic activity and signs of recovery in the United States, Europe and China, the company indicated that uncertainty over the economic outlook persisted due to global inflation, semiconductor shortages, monetary tightening, yen depreciation and local lockdowns in China. - FY2023-Q1RestatedAnnual report
「Although continued economic recovery is expected in Japan and overseas, the global economic outlook remains uncertain amid concerns about downside risks arising from the spread of new COVID-19 variants, higher raw material prices, supply constraints and the prolonged situation involving Russia and Ukraine.」
While reporting an economic recovery, the company continued to cite concerns about downside risks from new variants, higher raw material prices, supply constraints and the prolonged situation involving Russia and Ukraine. - FY2022Economic recovery and uncertainty due to semiconductors, resource prices and the situation in UkraineAnnual report
「The global economy entered a recovery phase due to progress in vaccinations and the effects of fiscal and monetary policies in various countries. However, semiconductor shortages, supply chain disruptions and soaring resource prices constrained growth, and the invasion of Ukraine by Russia from the end of the fiscal year also contributed to continued uncertainty over the outlook.」
While reporting a recovery in the global economy, the company added semiconductor shortages, supply chain disruptions, soaring resource prices and Russia’s invasion of Ukraine as new sources of uncertainty. - FY2022-Q3Continued economic recovery and uncertainty due to variants and semiconductor shortagesAnnual report
「Although continued economic recovery is expected in Japan and overseas, the global economic outlook remains uncertain due to the impact of the spread of COVID-19 variants and trends in the supply of semiconductor components and other factors.」
Although the global economy continued to recover, uncertainty over the outlook persisted due to the spread of variants and trends in the supply of semiconductor components and other factors. - FY2022-Q2Economic recovery accompanied by semiconductor shortages and uncertainty over the outlookAnnual report
「During the cumulative second quarter of the fiscal year, the global economy remained difficult due to the impact of COVID-19 and the global semiconductor shortage, among other factors, but signs of recovery continued. Overseas, the U.S. economy continued to recover steadily, while Europe showed signs of recovery despite remaining difficult economic conditions. The Chinese economy recovered moderately. In Japan, the economy continued to show signs of recovery. Although a continued recovery is expected in Japan and overseas, the global economic outlook remains uncertain due to the impact of COVID-19 and trends in the supply of semiconductor components and other factors.」
Although the global economy continued to show signs of recovery, uncertainty over the outlook persisted due to COVID-19, the global semiconductor shortage and trends in the supply of semiconductor components. - FY2022-Q1Economic recovery coexists with uncertainty over the outlookAnnual report
「Although the global economy remained difficult due to the impact of COVID-19, signs of recovery continued. Overseas, the U.S. economy continued to recover steadily, while Europe showed signs of recovery despite restrictions on economic activity. The Chinese economy recovered moderately. In Japan, the economy continued to show signs of recovery. While economic activity was gradually resuming in Japan and overseas, concerns about a renewed spread of infections remained, and the global economic outlook continued to be uncertain.」
Although signs of economic recovery were reported in the United States, Europe, China and Japan, concerns about the renewed spread of infections and uncertainty over the global outlook persisted. - FY2021MaterialisedAnnual report
「Revenue for the fiscal year was ¥372,630 million, down ¥41,597 million, or 10.0%, from the previous fiscal year due to the impact of the spread of COVID-19 and other factors, including a ¥2,300 million negative foreign exchange impact.」
The global economic deterioration and decline in demand materialised in the fiscal year’s results as a 10.0% decrease in revenue due to the spread of COVID-19 and other factors. - FY2021-Q3Recovery and regional deterioration coexistAnnual report
「Overseas, the U.S. economy remained difficult but showed signs of recovery, while the Chinese economy recovered moderately. In Europe, economic conditions remained difficult, and economic activity was constrained by the renewed spread of infections, resulting in weak economic activity. In Japan, economic conditions remained difficult but showed signs of recovery.」
The United States, China and Japan showed signs of recovery, while economic activity in Europe was constrained by the renewed spread of infections, resulting in weak economic activity. Uncertainty over the global economic outlook persisted. - FY2021-Q2The global economy is showing signs of recovery, but the outlook remains uncertainAnnual report
「During the cumulative second quarter of the fiscal year, the global economy remained in a difficult situation due to the spread of COVID-19 since the end of last year, but signs of recovery emerged. Overseas, economic conditions remained difficult in the United States and Europe, although signs of recovery were seen. In China, the economy was recovering. In Japan, economic conditions remained difficult, although signs of recovery were seen. While economic activity is gradually resuming in Japan and overseas, a continued recovery is expected, but the global economic outlook remains uncertain.」
Although the global economy remained difficult, signs of recovery were reported in the United States, Europe, China and Japan. At the same time, uncertainty over the economic outlook persisted. - FY2021-Q1MaterialisedAnnual report
「The global economy suffered a severe blow due to the spread of COVID-19 since the end of last year.」
The risks of global economic recession and declining demand persisted and materialised in actual results through the impact of COVID-19 on the global economy and a 27.9% year-on-year decline in revenue for the first quarter. - FY2020MaterialisedAnnual report
「The global economy suffered a severe blow.」
The risks of a slowing global economy and declining demand materialised in actual results, including a ¥13.7 billion negative impact on revenue from the spread of COVID-19. - FY2019RestatedAnnual report
「Recessions in markets worldwide and the resulting decline in demand may affect the earnings and business development of the group.」
The company continues to identify global economic recession and declining demand as external environmental risks. - FY2018RestatedAnnual report
「Recessions in markets worldwide and the resulting decline in demand may affect the earnings and business development of the group.」
The company continues to identify global economic recession and declining demand as risks. - FY2016First statedAnnual report
「Recessions in markets worldwide and the resulting decline in demand may affect the earnings and business development of the group.」
External environmental risks associated with global business operations.