Risk of economic fluctuations and shrinking demand in major markets
First written in FY2017. 1 of 9 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 131 of 176 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「During the current consolidated fiscal year, uncertainty in the global economy increased because of the impact of US tariff policy, the protracted situation in Ukraine, and surging resource prices and supply chain disruptions resulting from the situation in the Middle East.」
The company states that, in addition to conventional economic fluctuation and geopolitical risks, uncertainty increased because of US tariff policy, surging resource prices and supply chain disruptions. - FY2025Added US tariff policy as a risk to operating resultsAnnual report
「In the fiscal year ending March 2026, the domestic and overseas economic environment surrounding the Group is expected to remain uncertain, owing to concerns about an economic downturn and foreign exchange risks resulting from changes in financial and tariff policies, as well as geopolitical risks centered on Europe and the Middle East.」
In addition to conventional economic fluctuation and geopolitical risks in key markets, the company described concerns about an economic downturn resulting from changes in financial and tariff policies. While stating that the impact of US tariff policy is difficult to calculate reasonably, it has incorporated certain assumptions into its outlook for operating results. - FY2024-Q3Added geopolitical risks arising from the worsening situation in the Middle EastAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the global economy remained uncertain, owing to the impact of monetary tightening in the United States and Europe, stagnation in the Chinese economy, the prolonged situation in Ukraine, and heightened geopolitical risks resulting from the worsening situation in the Middle East.」
Regarding economic and demand fluctuation risks in key markets, the company cites monetary tightening in the United States and Europe, stagnation in the Chinese economy, the situation in Ukraine, and heightened geopolitical risks resulting from the worsening situation in the Middle East. - FY2024-Q2Giving concrete form to stagnation in Europe and weakness in China's property marketAnnual report
「The US economy showed a moderate recovery as personal consumption and capital investment increased, but economic stagnation continued in Europe, while weakness in China's property market put downward pressure on the economy. Uncertainty about the outlook therefore remained.」
Regarding the risk of economic fluctuations in key markets, the company identifies the stagnation of the European economy and weakness in China's property market as new specific factors, alongside the moderate recovery in the United States. - FY2023Giving concrete form to inflation, monetary tightening and financial system concernsAnnual report
「Amid surging food and energy prices caused by the prolonged Russia-Ukraine situation, uncertainty about the outlook continues, including sharp foreign exchange movements resulting from policy rate increases to counter inflation and concerns about the financial system.」
Regarding the risk of economic fluctuations in key markets, the company additionally identifies surging resource prices, policy rate increases, sharp foreign exchange movements and financial system concerns as specific factors. - FY2023-Q3Added renewed spread of infections following policy changes in ChinaAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the US economy maintained a recovery trend, supported by solid personal consumption and expanding exports despite the impact of inflation and monetary tightening. In Europe, the economy slowed because of surging energy prices and rising inflation associated with the prolonged situation in Ukraine. In China, uncertainty about the outlook continued, including the renewed spread of COVID-19 following changes to the zero-COVID policy.」
Regarding the risk of economic fluctuations in key markets, the company identifies monetary tightening in the United States, surging energy prices and inflation in Europe, and the renewed spread of infections following policy changes in China as specific factors. quantified=false, materialized=true - FY2023-Q2Giving concrete form to factors behind economic slowdowns in the United States, Europe and ChinaAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the global economy remained unstable. In the United States, the economy showed signs of slowing under the impact of inflation and monetary tightening. In Europe, the economy slowed under the impact of surging energy prices and interest rate increases associated with the prolonged situation in Ukraine. In China, the recovery in personal consumption slowed because of strict restrictions on movement under the zero-COVID policy.」
Regarding the risk of economic fluctuations in key markets, the company identifies inflation and monetary tightening in the United States, surging energy prices and interest rate increases in Europe, and the slowdown in the recovery of consumption caused by China's zero-COVID policy as specific external factors. - FY2021RestatedAnnual report
「Economic fluctuations in key markets, including Japan, North America, Europe and Asia, and the resulting expansion or contraction in demand may affect the Group's operating results and financial condition.」
The company continues to identify economic and demand fluctuations in key markets, including Japan, North America, Europe and Asia, as major risks. - FY2017First statedAnnual report
「Economic fluctuations in key markets, including Japan, North America, Europe, East Asia and Southeast Asia, and the resulting expansion or contraction in demand may affect the Group's operating results and financial condition.」
The company explicitly identifies economic fluctuations in its sales regions and the resulting expansion or contraction in demand as risks that may affect operating results and financial condition.