Political and Economic Uncertainty Overseas, Including U.S.-China Trade Frictions
First written in FY2020-Q1. 4 of 9 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
- FY2026-H1WorsenedAnnual report
「Looking back on financial and economic conditions during the interim consolidated accounting period, Japan's economy continued to recover gradually. Although some corporate earnings weakened due to the effects of US trade policy, personal consumption showed signs of recovery as wage increases continued.」
With respect to overseas political and economic uncertainty, the disclosure specifically identified the impact of US trade policy on corporate earnings. - FY2024RestatedAnnual report
「Looking back on financial and economic conditions in fiscal 2023, Japan's economy continued to recover gradually despite the effects of rising prices and a slower recovery in overseas economies, supported by improvements in income conditions from wage increases and a recovery in capital investment resulting from improved corporate earnings.」
While the slowdown in the recovery of overseas economies was identified as uncertainty in the external environment, the disclosure cited improvements in domestic income conditions, corporate earnings and capital investment. - FY2024-Q2RestatedAnnual report
「Looking back on financial and economic conditions during the six-month period ended the second quarter, Japan's economy showed signs of recovery in personal consumption, particularly services consumption, as economic activity moved toward normalization amid improving employment and income conditions, although concerns remained about the effects of global monetary tightening and the outlook for the Chinese economy.」
The disclosure continued to cover the effects of global monetary tightening and concerns about the outlook for the Chinese economy. In Japan, personal consumption and capital investment showed signs of recovery. - FY2023-Q2WorsenedAnnual report
「The Nikkei Stock Average at times exceeded ¥29,000, but amid continued global monetary tightening and other factors, concerns about an economic recession intensified, and the index fell below ¥26,000 at the end of the period.」
The disclosure expressly cited continued global monetary tightening and growing concerns about an economic recession, indicating that uncertainty surrounding financial markets and overseas economies persists. - FY2023-Q1WorsenedAnnual report
「Meanwhile, the outlook remains uncertain due to the prolonged situation in Ukraine and the impact of restrictions on economic activity in China.」
In addition to the prolonged situation in Ukraine, the impact of restrictions on economic activity in China was expressly identified. Factors contributing to an uncertain outlook arising from overseas conditions remain. - FY2022WorsenedAnnual report
「Looking back on financial and economic conditions in fiscal 2021, Japan's economy remained in a difficult situation, particularly in terms of personal consumption, due to the prolonged COVID-19 pandemic. From around autumn, some signs of recovery emerged in personal consumption and production as economic activity resumed with the progress of vaccinations. However, from the beginning of the new year, the recovery stalled due to the resurgence of infections and other factors. In addition, geopolitical risks related to the situation in Ukraine have left the outlook uncertain.」
In addition to the existing uncertainty surrounding overseas economies, geopolitical risks related to the situation in Ukraine were expressly identified, expanding the factors contributing to an uncertain outlook. - FY2020-Q3RestatedAnnual report
「Japan's economy was affected by a decline in demand following the consumption tax rate increase and by the impact on exports of a slowdown in the recovery of overseas economies. However, employment and income conditions continued to improve, and the economy remained on a gradual recovery trend.」
The disclosure continued to cover the impact on exports of a slowdown in the recovery of overseas economies, and reconfirmed overseas economic uncertainty and slowdown as economic-environment risks. - FY2020-Q2RestatedAnnual report
「Japan's economy was on a gradual recovery trend as employment and income conditions continued to improve. However, exports showed some weakness due in part to the effects of US-China trade friction.」
The disclosure continued to cover overseas political and economic uncertainty, including US-China trade friction, and its impact on exports. - FY2020-Q1First statedAnnual report
「Japan's economy was on a gradual recovery trend as employment and income conditions continued to improve. However, exports and production showed some weakness amid rising overseas political and economic uncertainty, including US-China trade friction.」
For the first time, rising overseas political and economic uncertainty, including US-China trade friction, was identified as an economic-environment risk. The disclosure also stated that exports and production showed some weakness.