Risk of Downside in ASEAN Economies from Economic Deterioration in Developed Countries and China
First written in FY2019. 7 of 12 entries say "Restated". Latest entry: FY2023.
Wedge Holdings moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 126 of 168 companies on the "Worse" side.
63 other companies' latest entry also says "Worsened".
- FY2023WorsenedAnnual report
「We expect the global economy to remain uncertain going forward due to the impact of COVID-19, the Russian invasion of Ukraine and economic sanctions against Russia, as well as the effects on national economies of conflicts in the Middle East.」
In addition to the previously identified factors, including infectious diseases, US-China tensions, the invasion of Ukraine and monetary tightening, conflicts in the Middle East have emerged as a further source of uncertainty for the global economy and business environment. - FY2023-Q3RestatedAnnual report
「During the nine-month period of the current fiscal year, conditions diverged sharply between Cambodia and Thailand, which had entered recovery from the COVID-19 pandemic, and Myanmar, Laos and Sri Lanka, which were experiencing economic hardship due to extreme currency depreciation and political instability.」
The company continues to explain that economic conditions vary across Southeast Asian countries, with currency weakness and political instability worsening the business environment in some regions. - FY2022WorsenedAnnual report
「The global economy is expected to remain uncertain going forward due to Russia’s invasion of Ukraine and economic sanctions against Russia, monetary tightening to address global inflation, and the resulting appreciation of the US dollar and depreciation of emerging-market currencies.」
In addition to the previously identified downside risks to the global economy and ASEAN economies, the Russian invasion of Ukraine, economic sanctions, global monetary tightening and weakness in emerging-market currencies have emerged as further risks. - FY2022-Q3RestatedAnnual report
「From October 2021 onward, restrictions were eased and entry controls were relaxed in each country, and signs of economic recovery have emerged. We believe these developments will improve the business environment going forward.」
The company continues to recognize that regulatory easing is progressing across ASEAN countries and that signs of economic recovery are emerging. - FY2022-Q2RestatedAnnual report
「From October 2021 onward, restrictions were eased and entry controls were relaxed in each country, and signs of economic recovery have emerged. We believe these developments will improve the business environment going forward.」
While regulatory easing is progressing across ASEAN countries and signs of economic recovery are emerging, the company continues to assess economic and business conditions. - FY2022-Q1RestatedAnnual report
「Since October 2021, countries have been moving toward easing regulations and entry restrictions, but economic prospects cannot yet be considered clear.」
While regulatory easing is progressing across ASEAN countries, the company continues to recognize that the economic outlook remains uncertain. - FY2021RestatedAnnual report
「Since October 2021, countries have been moving toward easing regulations and entry restrictions, but economic prospects cannot yet be considered clear.」
While ASEAN countries are moving toward regulatory easing, the company continues to recognize that the economic outlook remains uncertain. - FY2021-Q3RestatedAnnual report
「The economic downturn has had a significant impact across countries, with declining demand in particular for the Group’s core products, including motorcycles.」
The company indicated that the economic downturn associated with COVID-19 and other factors, and declining demand for core products in ASEAN countries, have continued. - FY2021-Q2RestatedAnnual report
「The economic downturn has had a significant impact across countries, with declining demand in particular for the Group’s core products, including motorcycles.」
The company indicated that the economic downturn associated with COVID-19 and other factors, and declining demand for core products, have continued across ASEAN countries. - FY2021-Q1MaterialisedAnnual report
「The economic downturn has had a significant impact across countries, and a clear decline in demand for the Group’s core products, including motorcycles, has been seen in Cambodia and Myanmar.」
The downside risk to the ASEAN economy from deteriorating economic conditions in developed countries, China and elsewhere, together with COVID-19, is becoming evident in the form of declining demand for core products in Cambodia and Myanmar. - FY2020WorsenedAnnual report
「The global economy is expected to remain uncertain going forward due to the US-China trade conflict, the spread of COVID-19 and other factors.」
In addition to the US-China trade conflict, the spread of COVID-19 was identified as an additional factor weighing on the global economy and the economies of ASEAN countries, indicating recognition that the outlook remains uncertain. - FY2019First statedAnnual report
「Economic conditions in developed countries and the People's Republic of China could weigh on the economies of ASEAN countries.」
The company newly identified economic conditions in developed countries and China as external risks that could weigh on the ASEAN economies where it primarily operates.