Economic slowdown in China and emerging markets
First written in FY2016. 4 of 8 entries say "Restated". Latest entry: FY2023-Q3.
C.Uyemura & moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2022: 129 of 170 companies on the "Worse" side.
53 other companies' latest entry also says "Worsened".
- FY2023-Q3WorsenedAnnual report
「During the first nine months of the current fiscal year, Japan's economy continued to face an uncertain outlook. Although efforts to balance COVID-19 infection control with economic activity progressed, resource and raw material prices rose due to the prolonged situation in Ukraine, supply constraints continued in China due to its zero-COVID policy, and rapid foreign exchange fluctuations also occurred.」
Supply-side constraints caused by China's zero-COVID policy were specifically cited, expanding the factors contributing to uncertainty surrounding economic and supply conditions in emerging markets, including China. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the current fiscal year, Japan's economy continued to face an uncertain outlook. Although efforts to balance COVID-19 infection control with economic activity progressed, concerns remained over the impact of lockdowns that continued in major Chinese cities, including Shanghai, and the situation in Ukraine. In addition to soaring resource prices and supply constraints, the rapid depreciation of the yen also contributed to the uncertainty.」
In addition to the previous concerns about emerging-market economies such as China, lockdowns in major Chinese cities, including Shanghai, were specifically cited as factors contributing to economic uncertainty. - FY2018RestatedAnnual report
「There are also concerns about the risk of an economic downturn caused by sluggish personal consumption and rapid changes in the global situation, and the outlook remains uncertain.」
Concerns about an economic downturn caused by changes in overseas economies, including China, and in the global situation continue. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, Japan's economy remained on a moderate recovery path as employment and income conditions continued to improve. However, the outlook for the economy remained uncertain due to rising geopolitical risks overseas and concerns over a slowdown in emerging-market economies, including China.」
Concerns about a slowdown in emerging-market economies such as China continue to be cited as a factor contributing to economic uncertainty. - FY2017-Q3RestatedAnnual report
「During the first nine months of the current fiscal year, Japan's economy remained on a moderate recovery path as employment and income conditions continued to improve. However, the outlook for the economy remained uncertain due to the slowdown in emerging-market economies, including China, the issue of the UK's departure from the EU, and uncertainty over the future economic policies of the new US administration.」
Uncertainty in overseas economies, including the slowdown in emerging-market economies such as China, continues. The uncertainty surrounding the economic policies of the new US administration is cited as a separate risk for the first time. - FY2017-Q2RestatedAnnual report
「During the first six months of the current fiscal year, Japan's economy remained on a moderate recovery path as employment and income conditions continued to improve. However, the outlook for the economy remained uncertain due to the impact of a slowdown in emerging-market economies, including China, and foreign exchange fluctuations associated with the UK's decision to leave the EU.」
The uncertain economic environment stemming from the slowdown in emerging-market economies, including China, and the UK's departure from the EU continues. - FY2017-Q1MaterialisedAnnual report
「The outlook for the economy remained uncertain due to the impact overseas of a slowdown in emerging-market economies, including China, and sharp foreign exchange fluctuations following the decision for the United Kingdom to leave the EU, among other factors.」
The slowdown in emerging-market economies, including China, actually occurred and is described as having affected sales in the materials business and elsewhere. - FY2016First statedAnnual report
「The outlook for the economy remained uncertain amid concerns over a downturn in the global economy due to China's economic slowdown and falling crude oil prices.」
This is recognized as a factor causing fluctuations in demand in major markets and overseas businesses.