Domestic and overseas economic trends and fluctuations in customer export demand
First written in FY2016. 12 of 36 entries say "Restated". Latest entry: 2026-10-20.
Sanritsu moved to the "Worse" side of this theme in 2019, 1 year after the typical company in this theme (2018).
The whole theme swung hardest in 2022: 7 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Worsened".
- FY2026-H1Declining exports and weak construction-related cargoAnnual report
「In the logistics industry, although demand related to semiconductors remained firm, export volume declined for both maritime and air transport. Domestic cargo remained sluggish, as weakness in construction-related cargo offset an increase in consumer-related cargo.」
It was stated that semiconductor-related demand remained firm, while export volume by sea and air trended downward, and domestic cargo also remained sluggish due to weakness in construction-related cargo. - FY2025WorsenedAnnual report
「In the logistics industry, international cargo movements are expected to stagnate as the advance of protectionist policies, represented by the Trump administration's policy of raising tariffs in the United States, is expected to impede the globalization of trade. Domestic cargo transportation volume is also expected to decline, against the backdrop of continued decreases in construction-related cargo.」
It is stated that international cargo movements are expected to stagnate due to protectionist policies and higher tariffs, while domestic cargo transportation volume is also expected to decline due to decreases in construction-related cargo. - FY2025-H1Yen appreciation and sluggish domestic cargo coexistAnnual report
「However, uncertainty about the outlook continued amid the prolonged conflict in Ukraine, the Israel-Palestine conflict and other factors, rising geopolitical risks, and yen appreciation in foreign exchange markets. In the logistics industry, exports of semiconductor-related products showed an upward trend in international cargo, but exports and imports were generally flat overall. Domestic cargo remained sluggish due to declines in consumer and construction-related cargo.」
Uncertainty about the outlook due to geopolitical risks and yen appreciation continued. International cargo was generally flat, while domestic cargo was sluggish due to declines in consumer- and construction-related cargo. - FY2024RestatedAnnual report
「However, uncertainty about the outlook continued amid the prolonged conflict in Ukraine, the Israel-Palestine conflict and other factors, rising geopolitical risks, a significant depreciation of the yen in foreign exchange markets, and concerns about a slowdown in overseas economies associated with global monetary tightening.」
The company continues to describe the risk of fluctuations in domestic and overseas economic conditions and customer demand, including geopolitical risks, rapid yen depreciation and concerns about a slowdown in overseas economies. - FY2024-Q3WorsenedAnnual report
「During the cumulative third quarter of the fiscal year, Japan's domestic consumption showed signs of a moderate recovery as the legal classification of COVID-19 was shifted to Category 5 and employment and income conditions improved. However, uncertainty about the outlook continued amid rising geopolitical risks following the addition of the Israel-Palestine conflict to the prolonged conflict in Ukraine, and concerns about a slowdown in overseas economies associated with global monetary tightening.」
While the company describes a recovery in domestic consumption, it newly cites the Israel-Palestine conflict in addition to the conflict in Ukraine, and states that rising geopolitical risks and concerns about a slowdown in overseas economies continue. - FY2024-Q2Domestic consumption recovery coexists with overseas and cost-related downward pressureAnnual report
「During the cumulative second quarter of the fiscal year, Japan's domestic consumption showed signs of recovery as the legal classification of COVID-19 was shifted to Category 5 and employment and income conditions improved. However, uncertainty about the outlook continued amid surging resource and material prices against the backdrop of the prolonged situation in Ukraine, an accelerating yen depreciation, and concerns about a slowdown in overseas economies associated with global monetary tightening.」
While domestic consumption showed signs of recovery, the situation in Ukraine, surging resource and material prices, accelerating yen depreciation and concerns about a slowdown in overseas economies continued. - FY2024-Q1WorsenedAnnual report
「In the logistics industry, although the global economy maintained a moderate recovery trend following the lifting of China's zero-COVID policy and lockdowns, international cargo volumes remained generally flat for both exports and imports, as concerns about a downturn in overseas economies due to global monetary tightening and other factors exerted downward pressure. Domestic cargo transportation volume remained sluggish, as higher prices suppressed consumer sentiment during the normalization of economic activity, causing consumer-related and production-related cargo to underperform.」
While international cargo remained flat, domestic cargo, which had remained firm in the previous period, became sluggish due to downward pressure on consumer sentiment from rising prices and other factors. The risk of fluctuations in economic conditions and customer demand is materializing as weak domestic transportation volume. - FY2023-Q3International cargo flat, domestic cargo remains firmAnnual report
「In the logistics industry, international cargo volumes remained broadly flat in both exports and imports, despite the recovery of the global economy and progress toward normalization in disruptions to sea transport, as restrictions on economic activity in China and concerns about a downturn in overseas economies due to global monetary tightening exerted downward pressure. Domestic cargo volumes remained firm, led by consumer-related and production-related cargo, against a backdrop of recovering personal consumption and industrial production.」
Regarding the risk of fluctuations in economic conditions and customer demand, disruptions in maritime transport were moving toward normalization, while concerns about a downturn in overseas economies due to China's restrictions on economic activity and global monetary tightening persisted, leaving international cargo flat. - FY2023-Q2WorsenedAnnual report
「During the cumulative second quarter of the fiscal year, Japan's economy faced downward pressure from surging raw material prices caused by higher energy prices due to the situation in Ukraine and the sharp depreciation of the yen resulting from global monetary tightening, as well as concerns about a downturn in overseas economies.」
External factors affecting fluctuations in economic conditions and demand, including the situation in Ukraine, surging energy prices, higher raw material prices due to the sharp depreciation of the yen, and concerns about a downturn in overseas economies, have persisted and become more pronounced. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter of the fiscal year, Japan's economy faced concerns about the impact on economic activity as energy prices surged due to the situation in Ukraine and raw material prices rose due to the sharp depreciation of the yen related to international conditions, but recovery continued as normalization from the COVID-19 pandemic progressed. In the logistics industry, although the global economy was recovering, international cargo transportation volume was generally flat for both exports and imports, as the rebound had run its course and restrictions on economic activity due to renewed infections in some regions exerted downward pressure. Domestic cargo was recovering in consumer-related cargo against the backdrop of a recovery in personal consumption, but remained sluggish, mainly in production-related cargo, as the recovery in industrial production stalled.」
The company describes a recovery driven by normalization from the COVID-19 pandemic, while newly identifying the situation in Ukraine, surging energy prices, the sharp depreciation of the yen, renewed infections, and factors suppressing international and domestic cargo as downside factors. - FY2022WorsenedAnnual report
「During the fiscal year, the global economy showed signs of recovery as restrictions on economic activity due to COVID-19 were eased, but uncertainty about the outlook continued amid the renewed spread of infections in some regions, the impact of surging crude oil and raw material prices, and rising geopolitical risks related to the situation in Ukraine.」
The company describes a recovery in economic activity and cargo demand, while identifying the renewed spread of infections, surging crude oil and raw material prices, and rising geopolitical risks related to the situation in Ukraine as new downside factors. - FY2022-Q3Recovery trend continues, but new variants and disruptions in maritime transport pose downside risksAnnual report
「During the cumulative third quarter of the fiscal year, the global and Japanese economies showed signs of recovery as restrictions on economic activity were eased while vaccinations progressed, although the emergence of new COVID-19 variants raised concerns about downside risks from a renewed spread of infections. In the logistics industry, international cargo transportation volume remained strong because the shift from maritime to air transport continued, despite downward pressure from the U.S.-China confrontation and prolonged disruptions in maritime transport. Domestic cargo transportation volume continued to recover, mainly in consumer-related and production-related cargo, against the backdrop of an ongoing recovery in personal consumption.」
While domestic and international cargo transportation continued to recover, the company describes new variants, the U.S.-China confrontation and disruptions in maritime transport as downside factors. - FY2022-Q2Recovery trend continues, but semiconductor shortages and other downside factors remainAnnual report
「During the cumulative second quarter of the fiscal year, the global economy faced downside risks, including those arising from a global shortage of semiconductors, but signs of recovery emerged in the U.S. and Chinese economies as COVID-19 vaccinations progressed. Japan's economy showed signs of recovery against the backdrop of various policies and improvements in overseas economies as vaccinations progressed, but there were still no signs that COVID-19 was coming to an end, and uncertainty about the outlook continued. In the logistics industry, although there were downward pressure factors including the U.S.-China confrontation and disruptions in maritime transport, the recovery trend in transportation volume continued for both international and domestic cargo, against the backdrop of a rebound following the sharp decline in transportation volume in the previous fiscal year.」
While the recovery trend in domestic and international cargo continued following the decline in transportation volume in the previous year, the company identifies semiconductor supply shortages, the U.S.-China confrontation, disruptions in maritime transport and uncertainty over the containment of the disease as downside factors. - FY2022-Q1Cargo demand is recovering, but downside risks persistAnnual report
「In the logistics industry, although international cargo faced downward pressure from factors including the prolonged U.S.-China confrontation and the shortage of marine containers, exports and imports both showed signs of recovery against the backdrop of a rebound following the sharp decline in transportation volume in the previous fiscal year and signs of recovery in the U.S. and Chinese economies. Domestic cargo also showed signs of recovery, mainly in consumer-related and production-related cargo, due to a rebound following the sharp decline in transportation volume in the previous fiscal year and signs of a recovery in personal consumption despite its weakness.」
Domestic and international cargo, which had been sluggish due to COVID-19 and other factors, recovered against the backdrop of a rebound following the decline in transportation volume in the previous year and signs of recovery in the U.S. and Chinese economies. However, downward pressure from the prolonged U.S.-China confrontation and the shortage of marine containers remains. - FY2021-Q3MaterialisedAnnual report
「In the logistics industry, although cargo bound for China showed signs of recovery, international cargo remained sluggish overall due to the effects of renewed infections and other factors. The decline in consumer-related domestic cargo narrowed, but domestic cargo remained sluggish, mainly in production-related cargo, due to the continuing effects of the spread of COVID-19.」
Due to the renewed spread of COVID-19 and other factors, international cargo did not recover, while domestic cargo also remained sluggish, mainly in production-related cargo. - FY2021-Q2MaterialisedAnnual report
「In the logistics industry, although some international cargo, including cargo bound for China, showed signs of recovery, exports and imports did not recover and remained sluggish due to the spread of COVID-19, the prolonged U.S.-China trade friction and other factors. Domestic cargo demand remained depressed for an extended period due to the spread of the disease, and domestic cargo remained sluggish, mainly in consumer-related and production-related cargo.」
Due to the spread of COVID-19 and the U.S.-China trade friction, international cargo did not recover, while sluggish domestic cargo demand persisted. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter of the fiscal year, the global economy declined sharply as economic activity was restricted in countries around the world due to the global spread of COVID-19. Japan's economy also remained extremely challenging, as a state of emergency was declared in April due to the spread of the disease, stagnating personal consumption and corporate activity, as in the global economy. In the logistics industry, domestic cargo demand declined due to the spread of the disease, and domestic cargo decreased, mainly in consumer-related and production-related cargo. Although some international cargo, including cargo bound for China, showed signs of recovery, both exports and imports declined due to the effects of the spread of the disease, the prolonged U.S.-China trade friction and other factors.」
In addition to the existing risk of fluctuations in economic conditions and customer demand, restrictions on economic activity due to the spread of COVID-19, a decline in domestic cargo demand, and decreases in international exports and imports materialized as the actual business environment, exacerbating the risks. - FY2020MaterialisedAnnual report
「Japan's economy had continued to recover moderately, but after the second half began, personal consumption and corporate activity weakened due to the consumption tax increase and the effects of COVID-19. International cargo remained sluggish for both exports and imports due to the U.S.-China trade friction, the slowdown in the Chinese economy and other factors.」
Regarding fluctuations in domestic and overseas economic conditions and cargo demand, domestic consumption and corporate activity weakened due to the consumption tax increase and COVID-19, while international cargo also became sluggish. - FY2020-Q3MaterialisedAnnual report
「In the logistics industry, domestic cargo, including both consumer-related and production-related cargo, remained sluggish due to factors including the consumption tax increase. International cargo also remained sluggish due to the U.S.-China trade friction, the slowdown in the Chinese economy and other factors.」
Due to the consumption tax increase, the U.S.-China trade friction and the slowdown in the Chinese economy, sluggish movements in domestic consumer- and production-related cargo and international cargo continued as the actual business environment. - FY2020-Q2MaterialisedAnnual report
「International cargo remained sluggish due to the U.S.-China trade friction, the slowdown in the Chinese economy and other factors.」
Regarding the risk of fluctuations in domestic and overseas economic conditions and customer demand, sluggish international cargo movements resulting from the U.S.-China trade friction and the slowdown in the Chinese economy materialized as the actual business environment. - FY2020-Q1MaterialisedAnnual report
「In the logistics industry, domestic cargo remained firm, mainly in consumer-related and production-related cargo. International cargo remained sluggish due to factors including the U.S.-China trade friction.」
Regarding the risk of fluctuations in domestic and overseas economic conditions and cargo demand, it states that sluggish international cargo movements against the backdrop of the U.S.-China trade friction and other factors materialized as the business environment during the quarter. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company discloses that there have been no material changes in the risk of fluctuations in domestic and overseas economic conditions and customer export demand. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, Japan's economy recovered moderately, despite concerns including the increase in natural disasters, supported by a recovery in personal consumption and capital investment. The global economy maintained an expansionary trend, although business sentiment showed signs of slowing somewhat against the backdrop of prolonged trade friction.」
The company describes uncertainty arising from the increase in natural disasters and the prolonged trade friction issue, but states that there have been no material changes in the risks themselves related to fluctuations in domestic and overseas economic conditions and demand. - FY2019-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 company discloses that there have been no material changes in the risk of fluctuations in domestic and overseas economic conditions and customer export demand. - FY2019-Q1RestatedAnnual report
「The global economy has been recovering moderately, but uncertainty has continued amid changes in political, economic and military conditions. In the logistics industry, domestic cargo remained firm, mainly in consumer-related and production-related cargo. International cargo also remained firm, mainly in exports to and imports from the United States.」
While domestic cargo and international cargo to and from the United States remained firm, uncertainty related to political, economic and military conditions continued in the global economy. The company discloses that there have been no material changes in the risks themselves. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company discloses that there have been no material changes in the risk of fluctuations in domestic and overseas economic conditions and customer export demand. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company discloses that there have been no material changes in the risk of fluctuations in domestic and overseas economic conditions and customer export demand. - 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 company discloses that there have been no material changes in the risk of fluctuations in domestic and overseas economic conditions and customer export demand. - FY2017RestatedAnnual report
「The economic conditions in the countries and regions that are the main markets in which the Group operates, domestic and overseas economic and business trends, and trends in customer companies’ export demand may affect the Group’s operating results.」
The company continues to describe the risk that domestic and overseas economic conditions and export demand, among other factors, may affect its results. Regarding the business environment, it also describes a recovery in exports to and imports from China. - FY2017-Q3RestatedAnnual report
「In the logistics industry, domestic cargo remained sluggish at approximately the same level as in the year-earlier period. International cargo showed signs of recovery in exports amid the yen's depreciation.」
While domestic cargo has remained sluggish, exports have shown signs of recovery against the backdrop of the yen's depreciation. It is explicitly stated that there have been no material changes in the risks. - FY2017-Q2RestatedAnnual report
「In the logistics industry, domestic cargo declined, mainly in consumer-related and construction-related cargo, due to sluggish personal consumption and capital investment. International cargo movements were sluggish, mainly for exports to and imports from Asia and North America.」
Sluggish domestic consumption and capital investment, as well as weak international cargo movements to and from Asia and North America, have continued. - FY2017-Q1MaterialisedAnnual report
「In the logistics industry, domestic cargo declined, particularly consumer-related and construction-related cargo, due to sluggish personal consumption and capital investment. International cargo movements were weak, particularly for export and import cargo involving Asia and China.」
It is stated that, regarding the risk of fluctuations in domestic and overseas economic conditions and cargo demand, declines in domestic cargo and sluggish international cargo movements, particularly involving Asia and China, materialized as the actual business environment. - FY2016First statedAnnual report
「The economic conditions in the countries and regions that are the main markets in which the Group operates, domestic and overseas economic and business trends, and trends in customer companies’ export demand may affect the Group’s operating results.」
The Company described an operating environment characterized by an economic slowdown in China and emerging markets, geopolitical risks, and declining domestic and overseas cargo volumes.