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Access (4813) · RiskRestated

Slowing Growth in Emerging Markets, Including China

First written in FY2017-Q1. 5 of 14 entries say "Restated". Latest entry: FY2025-Q1.

14entries
9years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseWorsenedFY2019-Q3 – FY2020-Q1DroppedFY2020 – FY2025-Q12016: 320162017: 420172018: 320182019: 220192020: 120202021: 020212022: 020222023: 020232024: 12024
Same theme, other companies
Demand fluctuations due to uncertainty in overseas economies and financial marketsA theme 397 companies write about · 408 as a headwind · 0 as a tailwind

Access moved to the "Worse" side of this theme in 2018, 1 year before the typical company in this theme (2019).

The whole theme swung hardest in 2022: 125 of 168 companies on the "Worse" side.

65 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 197 companies compared. The sentences above are computed from all 197.Comparing 200 of the theme's 408 threads.
Full recordFilings, disclosures and news, newest first
  1. FY2025-Q1RestatedAnnual report

    「During the first quarter of the current consolidated cumulative period (1 February 2024 to 30 April 2024), the global economy was expected to continue on a moderate recovery path, with stable growth anticipated as real incomes rose and inflation slowed, despite downside risks from escalating tensions in the Middle East and uncertainty over the outlook for the Chinese economy.」

    The risk related to slowing growth and uncertainty in the Chinese economy, which had not been described independently since FY2020, was again indicated as a downside risk to the economy arising from uncertainty over the outlook for China.
  2. FY2020DroppedAnnual report

    「During the fiscal year, the environment surrounding the Group was characterized by rapid growth in the IoT-related market and the 5G communications technology supporting it, against a backdrop of advances in sensing, communications, and AI-related technologies and lower costs for their use.」

    The specific previous references to slowing growth in China and emerging markets and to a global economic slowdown cannot be confirmed in this filing.
  3. FY2020-Q1WorsenedAnnual report

    「The U.S. economy remained resilient, while stagnation and economic weakness continued in the euro area and China, and emerging-market economies entered a moderate slowdown under the influence of economic conditions in major economies.」

    Stagnation and economic weakness in China and elsewhere continued, and a moderate slowdown spread to emerging-market economies.
  4. FY2019WorsenedAnnual report

    「The U.S. economy continued to expand despite slowing, while growth in the euro area and China began to show clear signs of slowing or economic stagnation, and emerging-market economies also showed signs of an economic slowdown, particularly in Asia.」

    In addition to slowing growth and economic stagnation in China and the euro area, the filing describes a slowdown in emerging-market economies, particularly in Asia, indicating that weakness in the external environment has spread.
  5. FY2019-Q3WorsenedAnnual report

    「The U.S. economy remained generally strong and continued to grow, while growth in the euro area and China began to show signs of slowing or economic stagnation, even as emerging-market economies generally continued on a growth path.」

    The assessment has changed from the previous view of an economic pickup and expansion trend in China and emerging markets to one that growth in China and the euro area has begun to slow and show signs of economic stagnation.
  6. FY2019-Q2RestatedAnnual report

    「The global economy continued to expand in major economies including the United States, the euro area and China, while emerging markets also showed signs of an economic pickup.」

    The view that major economies remain on an expansionary path and that emerging markets are experiencing an economic pickup continues.
  7. FY2018SoftenedAnnual report

    「The global economy also remained on a path of expansion in major economies including the United States, the euro area and China, while emerging markets reached a bottom and continued to improve.」

    The filing describes an economic expansion trend in major economies including China and a bottoming-out and improvement phase in emerging markets, indicating a further shift toward improvement from the previous concern about slowing growth.
  8. FY2018-Q3RestatedAnnual report

    「The global economy also continued to recover, as major economies including the United States, the euro area and China generally maintained their growth pace, while emerging markets continued to show signs of economic recovery amid favorable external conditions, including economic conditions in developed countries.」

    The filing describes major economies maintaining growth and emerging markets showing an economic recovery trend, with no major change from the previous quarter's trend of economic recovery and pickup.
  9. FY2018-Q2RestatedAnnual report

    「The global economy also continued to recover, with major economies including the United States, the euro area and China maintaining their economic recovery, while emerging markets showed a moderate economic recovery trend.」

    As in the previous quarter, China and emerging markets are described as showing an economic recovery and pickup.
  10. FY2018-Q1SoftenedAnnual report

    「The global economy continued to recover, with the U.S. economy maintaining its recovery trend despite slowing, while signs of an economic pickup were also seen in Europe, China and emerging markets.」

    The wording regarding China and emerging markets has changed from the previous reference to slowing growth to signs of an economic pickup.
  11. FY2017DroppedAnnual report

    「The global economy continued on a generally moderate recovery path, with employment conditions improving in the United States and economic recovery also trending in the euro area.」

    The slowdown in growth in emerging markets, including China, described previously cannot be confirmed in the description of the economic environment for the current consolidated fiscal year.
  12. FY2017-Q3SoftenedAnnual report

    「China, too, is transitioning toward stable economic growth, although」

    The wording has changed from the previous description of a moderate slowdown in economic growth to a transition toward stable economic growth.
  13. FY2017-Q2RestatedAnnual report

    「China's economic growth continues to slow moderately.」

    The continued slowdown in China's growth is reiterated. The slowdown in economic growth is described as an actual feature of the external environment.
  14. FY2017-Q1First statedAnnual report

    「Growth is slowing in emerging markets, including China.」

    The external environment is described as one in which growth is in fact slowing in emerging markets.
Moved together

"Uncertainty over the outlook for the domestic economy" moved the same way as this thread, in the same document, in 6 of its 14 moves.

653333★123456
  1. ★This thread
  2. 1Uncertainty over the outlook for the domestic economy6×
  3. 2Declining Sales and Ordinary and Net Losses Reported5×
  4. 3Achieving a positive operating result in the current consolidated fiscal year3×
  5. 4Impact of exchange-rate fluctuations on profit or loss3×
  6. 5Enhanced functionality and expanded sales of the ZebOS series and related solutions3×
  7. 6Revenue Growth and Earnings Improvement in the Europe and Americas Businesses3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
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News
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Slowing Growth in Emerging Markets, Including China | ACCESS CO.,LTD. (4813) | Komori