Concerns Over a Slowdown in Emerging-Market Economies and Uncertainty About the Global Economy
First written in FY2017-Q1. 3 of 10 entries say "Worsened", first in FY2017-Q2. Latest entry: FY2026.
Taiho Kogyo moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2019: 99 of 177 companies on the "Worse" side.
60 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「During the current consolidated fiscal year, conditions remained uncertain amid monetary policies and price trends in various countries, as well as rising geopolitical risks.」
The company continues to describe uncertainty surrounding the global economy against the backdrop of geopolitical risks, monetary policy and price trends. - FY2024WorsenedAnnual report
「During the current consolidated fiscal year, economic activity steadily normalized, but conditions remained uncertain, with concerns over a slowdown in economic activity due to rising geopolitical risks and global monetary tightening, among other factors.」
Compared with the previous fiscal year’s recovery trend, the company explicitly identifies rising geopolitical risks, monetary tightening and concerns over a slowdown in economic activity, indicating a broadening range of uncertainty factors. - FY2019WorsenedAnnual report
「On the other hand, it was a year in which inter-country conflicts intensified, including the US–China trade friction, the expansion of protectionist moves such as additional tariffs imposed by the United States, and the UK’s withdrawal issue in the EU, while economic sentiment began to show signs of slowing.」
The description has changed from the previous fiscal year’s steady global recovery to one in which economic sentiment began to slow due to US–China trade friction, additional tariffs, protectionism and the UK’s withdrawal issue. - FY2018MitigatedAnnual report
「During the current consolidated fiscal year, the US, Europe, China and emerging markets all continued to recover steadily, supported by factors including increased personal consumption.」
The description has changed from the recovery and moderate growth reported through the previous quarter to a steady recovery including the US, Europe, China and emerging markets. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal period, the US continued its gradual economic recovery, driven mainly by increased personal consumption and capital investment. China continued to show signs of recovery and moderate growth, partly due to the effects of various economic policies, including tax cuts.」
As in the previous quarter, the company reports a gradual recovery in the US and a recovery and continued growth in China. - FY2018-Q1MitigatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal period, the US and Europe continued to experience a gradual economic recovery. China also continued to show signs of recovery, with moderate growth continuing.」
In contrast to the slowdown and uncertainty in the global economy described in the previous fiscal year, the company reports continued recovery in the US and Europe and a recovery and moderate growth in China. - FY2017SoftenedAnnual report
「During the current consolidated fiscal year, the global economy slowed sharply in the first half owing to factors including stagnation in the US economy, concerns over a sharp slowdown in China’s economy and financial-market turmoil following the UK’s Brexit shock. In the second half, however, it began to recover gradually, supported by a recovery in the US economy, including expectations for the new Trump administration, and by various policies supporting China’s economy.」
While the first half is described as having slowed sharply, the second half is described as having shifted to a gradual recovery led by the US and China. - FY2017-Q3ReframedAnnual report
「During the cumulative third quarter of the current consolidated fiscal period, the outlook for the economy remained uncertain amid unstable financial-market conditions, including a sharp shift from yen appreciation to yen depreciation following the UK’s Brexit issue and the outcome of the US presidential election.」
The description of uncertainty surrounding the global economy has shifted from the previous focus on a slowdown in emerging-market economies to financial-market instability arising from the Brexit issue, the US presidential election and the reversal in exchange-rate trends. - FY2017-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal period, the US and Europe remained firm, led by domestic demand, while resource-rich countries such as those in the Middle East, Russia and Brazil, and some emerging markets continued to slow. Overall, the outlook for the economy remained uncertain.」
The description has changed from previous concerns over a slowdown to the continued slowdown in some resource-rich and emerging markets, with the regions concerned now specified in greater detail. - FY2017-Q1First statedAnnual report
「The US and Europe remained firm, led by domestic demand, but conditions became uncertain amid concerns over a slowdown in emerging-market economies, including China.」
The description of the global economy presents the resilience of the US and Europe alongside concerns over a slowdown in emerging-market economies.