Decline in Demand Due to the Overseas Economic Slowdown, Including in China
First written in FY2016. 9 of 25 entries say "Restated". Latest entry: 2026-05-15.
Tsuzuki Denki 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.
17 other companies' latest entry also says "Worsened".
- 2026-05-15WorsenedEarnings
「The domestic economy remained in an uncertain environment, with concerns about the effects of rising prices, U.S. trade policy, the situation in the Middle East and fluctuations in financial and capital markets.」
In addition to the existing uncertainty surrounding the economy and markets, the Company specifically identified U.S. trade policy and the situation in the Middle East as factors of concern. - FY2025-H1WorsenedAnnual report
「Amid risks that could put downward pressure on Japan's economy, including the persistence of high interest rates in Europe and the United States and concerns about the outlook for China's economy, continued attention was required regarding the effects of rising prices and volatility in financial and capital markets.」
In addition to the previous uncertainty surrounding overseas economies, prices and financial markets, the continued high interest-rate environment in Europe and the United States and concerns about the outlook for China's economy were specifically identified as downside risks to the economy. - FY2024-Q3RestatedAnnual report
「During the first nine months of the fiscal year, Japan's economy showed a moderate recovery as the employment and income environment improved. However, downside risks to overseas economies resulting from global monetary tightening and other factors posed a risk of putting downward pressure on Japan's economy, and continued attention was required regarding the effects of rising prices and volatility in financial and capital markets.」
Uncertainty in the economic environment due to downside risks to overseas economies, rising prices and volatility in financial and capital markets continues. - FY2024-Q2RestatedAnnual report
「Downside risks to overseas economies resulting from global monetary tightening and other factors posed a risk of putting downward pressure on Japan's economy, and continued attention was required regarding the effects of rising prices and volatility in financial and capital markets.」
Uncertainty in the economic environment due to downside risks to overseas economies, rising prices and volatility in financial and capital markets continues. - FY2024-Q1RestatedAnnual report
「However, downside risks to overseas economies resulting from global monetary tightening and other factors posed a risk of putting downward pressure on Japan's economy, and continued attention was required regarding the effects of rising prices and volatility in financial and capital markets.」
Uncertainty in the economic environment due to downside risks to overseas economies, rising prices and volatility in financial and capital markets continues. - FY2023-Q2WorsenedAnnual report
「However, downside risks to overseas economies resulting from global monetary tightening and other factors posed a risk of putting downward pressure on Japan's economy. Combined with the effects of rising prices, supply-side constraints and volatility in financial and capital markets, the economic environment remained uncertain.」
Global monetary tightening, rising prices, supply constraints and volatility in financial and capital markets were specifically identified as factors weighing on overseas economies, broadening the sources of uncertainty in the economic environment. - FY2023-Q1RestatedAnnual report
「During the first quarter of the fiscal year, Japan's economy remained uncertain as the recovery from the effects of COVID-19 progressed, while raw material prices rose and supply-side constraints emerged due to the prolonged situation in Ukraine and restrictions on economic activity in China.」
While recovery from the effects of infectious diseases progressed, uncertainty in the economic environment continued due to the prolonged situation in Ukraine, restrictions on economic activity in China, rising raw material prices and supply constraints. - FY2022WorsenedAnnual report
「During the period, Japan's economy showed signs of recovery from the effects of COVID-19, but uncertainty about the outlook increased as tensions surrounding the situation in Ukraine escalated. Continued attention is required regarding the risk of an economic downturn caused by rising raw material prices, volatility in financial and capital markets, supply-side constraints and other factors.」
In addition to the previous risks related to infectious diseases and overseas economies, risks of an economic downturn from the situation in Ukraine, rising raw material prices, financial market volatility and supply constraints have emerged. - FY2022-Q3WorsenedAnnual report
「Continued attention is required regarding the risk of an economic downturn caused by supply-side constraints and other factors, and the outlook remains uncertain.」
While signs of an economic recovery are evident, it specifically identifies the risk of an economic downturn from variant strains and supply-side constraints, and uncertainty in the economic environment, including overseas economies, continues. - FY2022-Q2WorsenedAnnual report
「Economic recovery is expected as vaccination efforts are promoted, but continued attention is required regarding the increasing risk of an economic downturn caused by domestic and overseas infection trends and impacts transmitted through supply chains, and the outlook remains uncertain.」
While indicating expectations for an economic recovery, it specifically identifies the risk of an economic downturn from infection trends and through supply chains, and continues to reflect uncertainty about the outlook. - FY2022-Q1RestatedAnnual report
「Economic recovery is expected as vaccination efforts are promoted, but the impact of infection trends on domestic and overseas economies remains significant, and the outlook remains uncertain.」
While indicating expectations for an economic recovery, it continues to identify uncertainty in the domestic and overseas economies due to infection trends. - FY2021-Q3RestatedAnnual report
「Japan's economy remains in a situation that warrants caution, given the fiscal crisis in European countries, trends in resource prices and foreign exchange rates, and economic conditions overseas, including in the United States and China. If Japan's economy deteriorates, changes in the business conditions of the group's business partners and their potential bankruptcies could have a significant adverse impact on the group's results.」
The risk that domestic and overseas economic trends and deteriorating business conditions or bankruptcies among business partners will affect performance continues. - FY2020WorsenedAnnual report
「Japan's economy continued to recover moderately during the period, supported by solid corporate earnings and improvements in employment and income conditions. However, business sentiment deteriorated, particularly in the manufacturing sector, due to the slowdown in China's economy resulting from prolonged U.S.-China trade tensions and lower automobile demand in China and Europe. The global spread of COVID-19 also increased uncertainty about the outlook.」
In addition to the slowdown in China's economy and lower automobile demand, uncertainty about the outlook increased due to the global spread of COVID-19. - FY2020-Q3RestatedAnnual report
「In the semiconductor business, semiconductors and electronic components for factory automation equipment remained sluggish due to weak capital investment demand in the Chinese market.」
Continued weakness in capital investment demand in the Chinese market appeared as sluggish performance by semiconductors and electronic components for factory automation equipment. - FY2020-Q2RestatedAnnual report
「In the semiconductor business, capital investment demand in the Chinese market continued to slow, leaving semiconductors for factory automation equipment and electronic components sluggish.」
The continued slowdown in capital investment demand in the Chinese market appeared as sluggish performance by semiconductors and electronic components for factory automation equipment. - FY2020-Q1WorsenedAnnual report
「In the semiconductor business, the slowdown in China's economy led to lower capital investment demand and further inventory adjustments, leaving semiconductors for factory automation equipment and electronic components sluggish.」
Compared with the previous fiscal year's description of lower demand resulting from China's economic slowdown, the company explains that during the quarter, lower capital investment demand and inventory adjustments progressed further in response to the slowdown in China's economy. - FY2019MaterialisedAnnual report
「In the semiconductor business, semiconductors for factory automation equipment and electronic components remained sluggish due to lower capital investment demand resulting from the slowdown in China's economy and inventory adjustments.」
Compared with the previous fiscal year's descriptions of recovering and robust capital investment demand in China, the situation changed, and lower demand resulting from the slowdown in China's economy emerged over the full fiscal year. - FY2019-Q2MaterialisedAnnual report
「In the semiconductor business, custom LSIs for factory automation equipment and electronic components remained sluggish due to lower capital investment demand, including in China.」
Compared with the previous quarter's descriptions of recovering and robust capital investment demand in China, the situation changed, and lower capital investment demand, including in China, emerged as sluggish semiconductor business performance. - FY2018-Q3MitigatedAnnual report
「In the semiconductor business, capital investment demand in China continued, and custom LSIs and relays for factory automation equipment performed strongly. In Japan, devices for automotive and air-conditioning equipment performed strongly, while overseas, LCD panels for in-vehicle information terminals and power semiconductors for power supplies performed well.」
Capital investment demand in China continued, supporting strong performance by semiconductors for factory automation equipment and by devices for automotive and air-conditioning equipment that captured overseas demand. - FY2018-Q2MitigatedAnnual report
「In the semiconductor business, custom LSIs and relays for factory automation equipment performed strongly, reflecting robust capital investment demand in China. Devices for automotive and air-conditioning equipment and LCDs for in-vehicle information systems also performed strongly as the company captured overseas demand.」
Robust capital investment demand in China supported strong performance by semiconductors for factory automation equipment, while devices for automotive and air-conditioning equipment and other products also performed strongly by capturing overseas demand. - FY2018-Q1MitigatedAnnual report
「In the semiconductor business, custom LSIs and relays for factory automation equipment performed strongly, reflecting robust capital investment demand in China. Devices for automotive and air-conditioning equipment also remained firm as the company captured overseas demand.」
Robust capital investment demand in China supported strong performance by semiconductors for factory automation equipment, while devices for automotive and air-conditioning equipment also remained firm by capturing overseas demand. - FY2017-Q3RestatedAnnual report
「Japan's economy remains in a situation that warrants caution, given the fiscal crisis in European countries, trends in resource prices and foreign exchange rates, and economic conditions overseas, including in the United States and China.」
The company continues to recognize that economic conditions overseas, including in China, could affect the domestic economy and customer business conditions. - FY2017-Q2MitigatedAnnual report
「In the semiconductor business, custom LSIs and relays for factory automation equipment remained firm as signs of recovery emerged in capital investment demand in China, although」
The company states that capital investment demand in China showed signs of recovery, easing part of the demand decline risk identified in the previous fiscal year. - FY2017-Q1MitigatedAnnual report
「In the semiconductor business, custom LSIs and relays for factory automation equipment remained firm as signs of recovery emerged in capital investment demand in China, although」
The company explains that capital investment demand in China, which had been described as declining in the previous fiscal year, recovered during the quarter. However, it does not state that the semiconductor business as a whole improved, given changes in other distribution channels and other factors. - FY2016First statedAnnual report
「In the semiconductor business, sales of custom LSIs for factory automation equipment, microcontrollers and memory products declined due to lower capital investment demand resulting from China's economic slowdown.」
The decline in capital investment demand resulting from China's economic slowdown was actually described as a decline in semiconductor-related sales during the period.