Downward pressure on economic activity from a downturn in emerging-market economies, the UK's withdrawal from the EU and other factors
First written in FY2017-Q1. 5 of 8 entries say "Restated". Latest entry: FY2019.
The whole theme swung hardest in 2022: 144 of 177 companies on the "Worse" side.
10 other companies' latest entry also says "Dropped".
- FY2019DroppedAnnual reportThe FY2019 business and other risks do not explicitly mention the previously disclosed risks of emerging-market conditions, the UK's Brexit issue, or economic weakness caused by overseas economies and financial markets.
- FY2018RestatedAnnual report
「The future economic outlook is expected to continue recovering moderately, but there is a risk that economic conditions will be weakened by developments in overseas economies and financial markets.」
The Group continues to describe the risk of economic weakness caused by developments in overseas economies and financial markets. - FY2018-Q3RestatedAnnual report
「In the construction industry, both public investment and private-sector capital investment remained firm, and the order environment was generally steady.」
The Group describes public investment and private-sector capital investment as firm and the order environment as generally steady. No new disclosure addresses the risk of economic weakness caused by overseas economies or financial markets. - FY2018-Q2RestatedAnnual report
「In the construction industry, both public investment and private-sector capital investment remained firm, and the order environment was generally steady.」
The Group describes public investment and private-sector capital investment as firm and the order environment as generally steady. No new disclosure addresses the risk of economic weakness caused by overseas economies or financial markets. - FY2017RestatedAnnual report
「The future economic outlook is expected to continue recovering moderately, but there is a risk that economic conditions will be weakened by developments in overseas economies and financial markets.」
The Group continues to use the broad wording, established in the previous quarter, describing economic weakness caused by developments in overseas economies and financial markets as a risk. - FY2017-Q3ReframedAnnual report
「The future economic outlook is expected to continue recovering moderately, but there is a risk that economic conditions will be weakened by developments in overseas economies and financial markets.」
The wording has been consolidated from individual items such as emerging-market conditions and the UK's Brexit issue into the broader expression of developments in overseas economies and financial markets. The direction of the risk is not stated definitively. - FY2017-Q2RestatedAnnual report
「Meanwhile, there is a risk that economic conditions will be weakened by downturns in emerging-market economies, including China, uncertainty over the outlook associated with the UK's Brexit issue, and developments in financial markets.」
The Group continues to describe downturns in emerging-market economies, uncertainty associated with the UK's Brexit issue, and economic weakness caused by financial-market developments as risks. - FY2017-Q1First statedAnnual report
「Meanwhile, there is a risk that economic conditions will be weakened by downturns in emerging-market economies, including China, uncertainty over the outlook associated with the UK's withdrawal from the EU, and developments in financial markets.」
The Group specifically describes downturns in emerging-market economies, the UK's Brexit issue, and economic weakness caused by financial-market developments as risks to the future economic outlook.