Earnings downside risks from stagnation in emerging-market economies
First written in FY2017-Q2. 1 of 3 entries say "Restated". Latest entry: FY2018.
The whole theme swung hardest in 2022: 128 of 169 companies on the "Worse" side.
12 other companies' latest entry also says "Dropped".
- FY2018DroppedAnnual reportThe current fiscal year's economic outlook does not identify stagnation in emerging-market economies as an independent downside risk.
- FY2017RestatedAnnual report
「Although temporary stagnation in emerging-market economies due to structural economic reforms is foreseeable, this trend is expected to continue irreversibly in the future.」
The recognition that temporary stagnation in emerging-market economies may occur, while long-term expansion of emerging-market economies is expected to continue, was reiterated. - FY2017-Q2First statedAnnual report
「During the nine-month period of the second quarter of the consolidated fiscal year, Japan's economy was beginning to lose momentum in its gradual recovery, as the stagnation of emerging-market economies, the impact of the Kumamoto earthquake in April and the sharp appreciation of the yen following the UK's decision to leave the EU in late June heightened the risk of earnings deterioration, particularly for export companies.」
The stagnation of emerging-market economies is cited as a factor that could cause Japan's domestic economy to lose momentum and increase the risk of earnings deterioration for export companies.