China’s Economic Slowdown and Uncertainty over the Global Economy
First written in FY2016. 11 of 25 entries say "Worsened", first in FY2017-Q1. Latest entry: FY2023.
The whole theme swung hardest in 2022: 124 of 167 companies on the "Worse" side.
- FY2023DroppedAnnual report
「(4) Country risk」
The macroeconomic themes of slowing Chinese economic growth and uncertainty over the global economy, which had previously been presented separately, are not listed as separate items in this filing's list of major risks and have instead been organized under country risks relating to the political, economic and regulatory environments in China and Asia. - FY2023-Q3WorsenedAnnual report
「During the cumulative third quarter of the current fiscal year, economic conditions in Europe showed signs of contraction, while those in the United States and China showed signs of slowing. Conditions in Japan also showed signs of slowing. Although many countries have eased COVID-19-related restrictions on movement, the outlook remains uncertain due to the prolonged situation in Ukraine, the effects of soaring resource prices and other factors.」
The description changed from slowing conditions in Europe, the United States and China and a recovery trend in Japan in the previous quarter to contraction in Europe and slowing conditions in the United States, China and Japan, indicating a deterioration in regional economic conditions. Uncertainty due to the situation in Ukraine and soaring resource prices also continues. - FY2023-Q2Changes in regional economic trends and soaring resource pricesAnnual report
「During the cumulative second quarter of the current fiscal year, economic conditions in Europe, the United States and China showed signs of slowing, while conditions in Japan showed signs of recovery. The outlook remains uncertain due to the markedly different COVID-19 measures adopted by each country, the prolonged situation in Ukraine and the effects of soaring resource prices.」
The description changed from a recovery in Europe, slowing conditions in the United States and China, and slowing conditions in Japan in the previous quarter to regional descriptions of slowing conditions in Europe, the United States and China and a recovery in Japan. COVID-19 measures, the prolonged situation in Ukraine and soaring resource prices continue to be factors contributing to uncertainty. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter of the current fiscal year, economic conditions in Europe showed signs of recovery, while those in the United States and China showed signs of slowing. Economic conditions in Japan also showed signs of slowing. The economic effects stemming from the spread of COVID-19 and the situation in Ukraine continue, leaving the outlook uncertain.」
In contrast to Europe's recovery trend, economic conditions in the United States, China and Japan showed signs of slowing. The economic effects of COVID-19 and the situation in Ukraine, as well as uncertainty over the outlook, also continue. - FY2022WorsenedAnnual report
「The global and Japanese economies remain subject to the ongoing effects of the spread of COVID-19, including lockdowns in some regions of China, as well as the effects of the situation in Ukraine, leaving the outlook uncertain.」
In addition to the impact of COVID-19, lockdowns in some regions of China and the geopolitical effects of the situation in Ukraine have been newly identified, expanding the factors contributing to uncertainty over the outlook. - FY2022-Q3WorsenedAnnual report
「During the cumulative third quarter of the current fiscal year, economic conditions in Europe showed signs of recovery, while the recovery of the US and Chinese economies showed signs of slowing. Japan saw slight signs of an economic recovery, but the outlook for the COVID-19 pandemic to subside remained unclear, and an extremely uncertain outlook continued.」
In contrast to Europe's recovery trend, the recovery of the US and Chinese economies showed signs of slowing, while uncertainty over the outlook continued because the prospect of the COVID-19 pandemic subsiding remained unclear. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, economic conditions in Europe and the United States showed signs of recovery as economic activity resumed, while the Chinese economy remained steady. In Japan, however, there were only slight signs of an economic recovery. In Japan and around the world, the outlook for the COVID-19 pandemic to subside remains unclear, and an extremely uncertain outlook continues.」
Recovery trends in Europe, the United States and China coexisted with Japan's limited recovery, while uncertainty over the outlook and the prospect of the pandemic subsiding worldwide continued. - FY2022-Q1Regional recoveries alongside global uncertaintyAnnual report
「During the cumulative first quarter of the current fiscal year, economic conditions in Europe and the United States showed signs of recovery as activity resumed with the progress of COVID-19 vaccinations, while the Chinese economy expanded steadily. In Japan, however, there were only slight signs of an economic recovery. In Japan and around the world, the outlook for the pandemic to subside remains unclear, and an extremely uncertain outlook continues.」
While Europe, the United States and China showed signs of recovery or expansion, Japan's recovery was limited, and uncertainty over the outlook and the prospect of the pandemic subsiding worldwide continues. - FY2021-Q3RestatedAnnual report
「During the nine-month period of the current third quarter of the fiscal year, global and Japanese economic activity was significantly affected by the worldwide spread of COVID-19. Although China’s economy showed signs of recovery, the global spread of the virus remained unresolved, and extremely difficult conditions continued.」
The COVID-19 pandemic has had a significant impact on the global and Japanese economies. Although the Chinese economy has shown signs of recovery, the outlook for the pandemic to subside worldwide remains unclear, and difficult conditions continue. - FY2021-Q1MaterialisedAnnual report
「During the three-month period of the current first quarter of the fiscal year, the economy was significantly affected by COVID-19. China’s economy began to recover, but conditions remained extremely difficult in Japan, Europe, the United States and Southeast Asian countries, despite the gradual resumption of social and economic activity.」
The impact of COVID-19 on the global economy materialized, and conditions were described as extremely difficult in major regions outside China. - FY2020-Q3WorsenedAnnual report
「During the nine-month period of the current third quarter of the fiscal year, the US economy remained resilient, while the economies of major European countries stalled. China, a key country for our group, continued to see its growth rate decline. Japan’s economy remained flat, while concerns have emerged over the impact of COVID-19 on the economy, and the outlook remains uncertain.」
China’s growth rate continued to decline, the economies of major European countries stalled, and Japan’s economy remained flat. Concerns over the impact of COVID-19 on the economy were newly identified, increasing uncertainty over the outlook. - FY2020-Q2WorsenedAnnual report
「During the six-month period of the current second quarter of the fiscal year, the global economy generally entered a slowdown due to the impact of US-China trade friction and concerns over the United Kingdom leaving the euro area, among other factors. Growth in China, a key country for our group, remained stagnant, and Japan’s economy continued to record low growth.」
The global economy entered a slowdown amid US-China trade friction and concerns over the United Kingdom leaving the euro area. The disclosure also cites stagnant growth in China and low growth in Japan. - FY2020-Q1WorsenedAnnual report
「During the three-month period of the current first quarter of the fiscal year, the US economy maintained solid growth, while the euro area economy slowed. China’s growth rate declined, and emerging Asian economies generally entered a slowdown due to declining exports and other factors. Japan’s economy remained at a low growth rate.」
The disclosure describes a decline in China’s growth rate and a slowdown in emerging Asian economies, as well as a slowdown in the euro area and low growth in Japan. - FY2019WorsenedAnnual report
「During the consolidated fiscal year, the US economy remained firm, while the euro area recorded low growth. China’s growth rate declined partly due to the impact of US-China trade friction, and emerging Asian economies generally recorded low growth due to declining exports and other factors.」
US-China trade friction was explicitly identified as a factor behind China’s economic slowdown, while the euro area and emerging Asian economies were described as having low growth, making concerns about the economic environment more specific than in the previous quarter. - FY2019-Q3WorsenedAnnual report
「During the nine-month period of the current third quarter of the fiscal year, the US economy remained firm, while the euro area recorded low growth. China’s growth rate declined partly due to the impact of US-China trade friction, and emerging Asian economies generally recorded low growth due to declining exports and other factors. Japan’s economy continued to recover moderately.」
China’s growth rate declined due to the impact of US-China trade friction, and emerging Asian economies recorded low growth. The euro area was also described as having low growth, indicating a deterioration in the economic environment compared with the previous quarter’s description of sustained high growth in China and growth in Asia. - FY2019-Q2China maintains high growth while Europe and the United Kingdom slowAnnual report
「During the six-month period of the current second quarter of the fiscal year, the US economy remained strong, while the euro area and UK economies showed signs of slowing. China continued to maintain a high growth rate, and emerging Asian economies continued to grow due to expanding domestic demand and increased exports. Japan’s economy remained on a recovery trend.」
China maintained a high growth rate and emerging Asian economies continued to grow, while the euro area and the United Kingdom showed signs of slowing, indicating differing economic trends by region. - FY2019-Q1WorsenedAnnual report
「During the three-month period of the current first quarter of the fiscal year, the US economy remained firm, while the euro area economy showed signs of slowing. China maintained a high growth rate despite a gradual slowdown, and emerging Asian economies generally remained firm amid expansion in consumer markets.」
China maintained a high growth rate while showing signs of a gradual slowdown, and the euro area economy was also described as slowing. - FY2018-Q3RestatedAnnual report
「During the nine-month period of the current third quarter of the fiscal year, the US economy continued to recover firmly, while the euro area economy continued to expand moderately. China’s economy also remained firm, and emerging economies generally continued to recover. Japan’s economy also recovered moderately, supported by resilient domestic and overseas demand.」
The disclosure states that the global economy, including China, and the domestic economy continue to recover, indicating that the economic slowdown and uncertainty that had eased in the previous period remain in place. - FY2018-Q2MitigatedAnnual report
「During the nine-month period of the current second quarter of the fiscal year, the global economy continued to expand moderately in the United States and Europe, while China’s economy also remained firm and emerging economies generally continued to expand. Japan’s economy also recovered moderately, supported by increased corporate production and improved personal consumption.」
The global economy, including China, and the domestic economy are described as being on a path of expansion and recovery, indicating that concerns regarding the business environment have eased compared with the descriptions of economic slowdown and uncertainty through the previous period. At the same time, the disclosure states that there have been no significant changes in business and other risks. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The disclosure states that there have been no significant changes in business and other risks related to the Chinese and global economies. - FY2017RestatedAnnual report
「The environment surrounding our group’s business areas remained uncertain. Domestic market conditions continued to stagnate, while China, a key strategic country, showed signs of recovery due to increased domestic demand and other factors. At the same time, uncertainty remains due to factors including the impact of political developments in the United States and Europe, such as policy changes by the new US administration and elections in European countries, and concerns over another slowdown in the Chinese economy.」
While signs of a recovery were seen in the Chinese market, uncertainty continued due to stagnant domestic market conditions, political developments in the United States and Europe, and concerns over another slowdown in the Chinese economy. - FY2017-Q3RestatedAnnual report
「The business environment surrounding our group remained uncertain. Domestic market conditions continued to stagnate, while China, a key strategic country, showed signs of recovery due to increased automobile sales and other factors. At the same time, uncertainty remains due to factors including policy changes by the new US administration, the impact of the United Kingdom’s decision to leave the EU and concerns over another slowdown in the Chinese economy.」
While signs of a recovery were seen in the Chinese market, the disclosure continues to cite stagnant domestic market conditions, policy changes in the United States, the United Kingdom’s decision to leave the EU and concerns over another slowdown in the Chinese economy. - FY2017-Q2RestatedAnnual report
「The business environment surrounding our group remained uncertain. Recovery in the domestic market was generally delayed, while the market in China, a key strategic country, remained sluggish due to the economic slowdown, although signs of a recovery were seen in some areas. Risks of an economic downturn remain, including a slowdown in exports due to yen appreciation and concerns over deterioration in overseas economies.」
While signs of a recovery were seen in the Chinese market, the disclosure continues to cite delayed recovery in domestic market conditions, yen appreciation and the risk of slower exports due to deterioration in overseas economies. - FY2017-Q1WorsenedAnnual report
「In China, a key strategic market, the market remained sluggish due to the continued impact of the economic slowdown, while the recovery in demand in the domestic market was generally delayed. The outlook remains uncertain amid risks of an economic downturn, including a sharp decline in global share prices and rapid yen appreciation following the United Kingdom’s decision to leave the EU, additional US rate hikes and concerns over a downturn in the Chinese economy.」
In addition to weakness in the Chinese market and the delayed recovery in domestic demand, uncertainty has increased due to factors including falling share prices and rapid yen appreciation following the United Kingdom’s decision to leave the EU. - FY2016First statedAnnual report
「Concerns related to a downside in the Chinese economy and additional rate hikes in the United States are also increasing. In addition, the sluggishness of resource prices and other factors have heightened uncertainty regarding the outlook for the global economy, including Japan. The economy remained weak due to sluggish domestic demand and declining exports in China.」
The disclosure states that sluggish domestic demand in China affected the performance of the chemicals and petroleum products businesses, with the impact emerging in the current period.