Slowing Growth in Emerging Markets and Uncertainty over European Economic Sentiment
First written in FY2016-Q3. 21 of 31 entries say "Restated". Latest entry: 2026-08-05.
The whole theme swung hardest in 2022: 125 of 168 companies on the "Worse" side.
- 2026-08-05RestatedEarnings
「During the cumulative third-quarter consolidated accounting period (1 October 2025 to 30 June 2026), the global economy generally remained on a recovery track amid an uncertain environment, despite weakness in some regions, as the US remained firm and signs of a recovery emerged in Europe.」
Despite continued uncertainty and weakness in some regions, the disclosure continued to describe the global economy as being generally on a recovery track, as in the previous interim period. - FY2026-H1SoftenedAnnual report
「During the interim consolidated accounting period (1 October 2025 to 31 March 2026), the global economy generally remained on a recovery track amid an uncertain environment, despite weakness in some regions, as the US remained firm and signs of a recovery emerged in Europe.」
While uncertainty and weakness in some regions remain, the wording changed from the previous period's "increasing uncertainty" to a weaker expression, and the overall assessment changed from "a moderate recovery trend" to "a recovery trend." - 2026-05-08SoftenedEarnings
「During the interim consolidated accounting period (1 October 2025 to 31 March 2026), the global economy generally remained on a recovery track amid an uncertain environment, despite weakness in some regions, as the US remained firm and signs of a recovery emerged in Europe.」
Although uncertainty and weakness in some regions remained, the disclosure pointed to a recovery in Europe and continued strength in the US, representing a shift from the previous description of heightened uncertainty to an overall recovery trend. - FY2025-H1WorsenedAnnual report
「During the interim consolidated fiscal period (1 October 2024 to 31 March 2025), the global economy as a whole was on a moderate recovery trend amid increasing uncertainty, although some regions showed signs of weakness, the United States remained firm, and Europe showed signs of recovery.」
The overall moderate recovery trend was maintained, but increasing uncertainty and weakness in some regions were explicitly noted, indicating greater uncertainty than the previous period's assessment of recovery accompanied by weakness in some regions, including Europe. - FY2024-Q2RestatedAnnual report
「During the second quarter of the fiscal year ended March 2024 (1 October 2023 to 31 March 2024), the global economy as a whole was on a moderate recovery trend, although signs of weakness emerged in current economic conditions in some regions, including Europe.」
The company maintained, in substance, its previous-quarter assessment that the global economy as a whole was on a moderate recovery trend, while noting weakness in some regions, including Europe. - FY2024-Q1WorsenedAnnual report
「During the first quarter of the fiscal year ended December 2023 (1 October 2023 to 31 December 2023), the global economy as a whole was on a moderate recovery trend, although signs of weakness emerged in current economic conditions in some regions, including Europe.」
The overall moderate recovery trend was maintained, but weakness in current economic conditions in some regions, including Europe, was explicitly noted. The description changed from the previous sense that the economic downturn had bottomed out to one accompanied by uncertainty. - FY2023-Q3SoftenedAnnual report
「During the third quarter of the fiscal year ended March 2023 (1 October 2022 to 30 June 2023), the global economy as a whole was on a moderate recovery trend, as signs of a bottoming out in the economic downturn caused by COVID-19 became stronger.」
The description changed from the previous assessment of a moderate recovery trend under the impact of COVID-19 to one stating that signs of a bottoming out in the economic downturn had become stronger. - FY2023-Q2RestatedAnnual report
「During the second quarter of the fiscal year ended March 2023 (1 October 2022 to 31 March 2023), economic activity in some regions remained constrained by the COVID-19 pandemic, but the global economy as a whole was on a moderate recovery trend.」
While restrictions on economic activity caused by the pandemic continued in some regions, the company maintained, in substance, its previous-quarter assessment that the global economy as a whole was on a moderate recovery trend. - FY2023-Q1RestatedAnnual report
「During the first quarter of the fiscal year ended December 2022 (1 October 2022 to 31 December 2022), economic activity in some regions remained constrained by the COVID-19 pandemic, but the global economy as a whole was on a moderate recovery trend.」
While restrictions on economic activity caused by the pandemic continued in some regions, the company continued to state that the global economy as a whole was on a moderate recovery trend. - FY2022-Q3RestatedAnnual report
「During the third quarter of the fiscal year ended March 2022 (1 October 2021 to 30 June 2022), economic activity across a wide range of areas remained constrained by the COVID-19 pandemic, but the global economy as a whole was on a moderate recovery trend.」
While restrictions on economic activity caused by COVID-19 continued, the company continued to describe the global economy as a whole as being on a moderate recovery trend. - FY2022-Q2RestatedAnnual report
「During the second quarter of the fiscal year ended March 2022 (1 October 2021 to 31 March 2022), economic activity across a wide range of areas remained constrained by the COVID-19 pandemic, but the global economy as a whole was on a moderate recovery trend.」
While restrictions on economic activity caused by COVID-19 continued, the company continued to describe the global economy as a whole as being on a moderate recovery trend. - FY2022-Q1RestatedAnnual report
「During the first quarter of the fiscal year ended December 2021 (1 October 2021 to 31 December 2021), economic activity across a wide range of areas remained constrained by the COVID-19 pandemic, but the global economy as a whole was on a moderate recovery trend.」
While restrictions on economic activity caused by COVID-19 continued, the company continued to describe the global economy as a whole as being on a moderate recovery trend. - FY2021-Q3RestatedAnnual report
「During the third quarter of the fiscal year ended March 2021 (1 October 2020 to 30 June 2021), economic activity across a wide range of areas remained constrained by the COVID-19 pandemic, but the global economy as a whole was on a moderate recovery trend.」
While restrictions on economic activity caused by COVID-19 continued, the company continued from the previous quarter to describe the global economy as a whole as being on a moderate recovery trend. - FY2021-Q2RestatedAnnual report
「During the second quarter of the fiscal year ended March 2021 (1 October 2020 to 31 March 2021), economic activity across a wide range of areas remained constrained by the COVID-19 pandemic, but the global economy as a whole was on a moderate recovery trend.」
While restrictions on economic activity caused by COVID-19 continued, the company maintained, in substance, its previous-quarter assessment that the global economy as a whole was on a moderate recovery trend. - FY2021-Q1SoftenedAnnual report
「During the first quarter of the fiscal year ended December 2020 (1 October 2020 to 31 December 2020), economic activity across a wide range of areas remained constrained by the COVID-19 pandemic, but the global economy as a whole shifted to a moderate recovery trend.」
While restrictions on economic activity caused by COVID-19 continued, the description of the global economy changed from the previous deteriorating trajectory to an overall moderate recovery trend. - FY2020-Q3RestatedAnnual report
「During the third quarter of the fiscal year ended March 2020 (1 October 2019 to 30 June 2020), the global economy began to deteriorate as the spread of COVID-19 constrained economic activity across a wide range of areas.」
The company continued to describe restrictions on economic activity caused by COVID-19 and the deteriorating global economy as the operating environment from the previous quarter. There was no substantive change in the description of the deteriorating trajectory. - FY2020-Q2WorsenedAnnual report
「During the second quarter of the fiscal year ended March 2020 (1 October 2019 to 31 March 2020), the global economy began to deteriorate as the spread of COVID-19 constrained economic activity across a wide range of areas.」
The description changed from the previous assessment of moderate growth or some uncertainty to one stating that COVID-19 constrained economic activity across a wide range of areas and put the global economy on a deteriorating trajectory. - FY2020-Q1RestatedAnnual report
「During the first quarter of the fiscal year ended December 2019 (1 October 2019 to 31 December 2019), the global economy achieved moderate growth overall, supported by the continued recovery trend in the United States, despite concerns over developments in trade issues and the outlook for emerging-market economies.」
The company stated that the global economy achieved moderate growth, supported by the recovery trend in the United States, while expressing concern over trade issues and uncertainty over the outlook for emerging-market economies. - FY2019RestatedAnnual report
「During the fiscal year ended March 2019, the global economy achieved moderate growth overall, supported by the continued recovery trend in the United States and Europe, despite concerns over developments in trade issues and the outlook for emerging-market economies.」
The company continued to state on a full-year basis that the global economy achieved moderate growth, supported by the recovery trend in the United States and Europe, while expressing concern over trade issues and uncertainty over the outlook for emerging-market economies. - FY2019-Q3RestatedAnnual report
「During the third quarter of the fiscal year ended March 2019 (1 October 2018 to 30 June 2019), the global economy achieved moderate growth overall, supported by the continued recovery trend in the United States and Europe, despite concerns over developments in trade issues and the outlook for emerging-market economies.」
The company continued to state that the global economy achieved moderate growth, supported by the recovery trend in the United States and Europe, while expressing concern over trade issues and uncertainty over the outlook for emerging-market economies. - FY2019-Q2RestatedAnnual report
「During the second quarter of the fiscal year ended March 2019 (1 October 2018 to 31 March 2019), the global economy achieved moderate growth overall, supported by the continued recovery trend in the United States and Europe, despite concerns over developments in trade issues and the outlook for emerging-market economies.」
The company continued to state that the global economy achieved moderate growth, supported by the recovery trend in the United States and Europe, while expressing concern over trade issues and uncertainty over the outlook for emerging-market economies. - FY2019-Q1WorsenedAnnual report
「During the first quarter of the fiscal year ended December 2018 (1 October 2018 to 31 December 2018), the global economy achieved moderate growth overall, supported by the continued recovery trend in the United States and Europe, despite concerns over developments in trade issues and the outlook for emerging-market economies.」
In addition to the previous description of economic expansion in emerging markets and recovery in the United States and Europe, trade issues and uncertainty over the outlook for emerging-market economies were explicitly identified as concerns, indicating greater uncertainty in the economic environment. - FY2018RestatedAnnual report
「During the fiscal year ended March 2018, the global economy achieved moderate growth overall, supported by economic expansion in emerging markets, including Asia, and the continued recovery trend in the United States and Europe.」
The company continued to cite, on a full-year basis, economic expansion in emerging markets and the continued recovery trend in the United States and Europe as its assessment of the economic environment. - FY2018-Q3RestatedAnnual report
「During the third quarter of the fiscal year ended March 2018 (1 October 2017 to 30 June 2018), the global economy achieved moderate growth overall, supported by economic expansion in emerging markets, including Asia, and the continued recovery trend in the United States and Europe.」
The company continued from the previous quarter to cite economic expansion in emerging markets and the continued recovery trend in the United States and Europe as its assessment of the global economic environment. - FY2018-Q2RestatedAnnual report
「During the second quarter of the fiscal year ended March 2018 (1 October 2017 to 31 March 2018), the global economy achieved moderate growth overall, supported by economic expansion in emerging markets, including Asia, and the continued recovery trend in the United States and Europe.」
The company continued to cite economic expansion in emerging markets and the continued recovery trend in the United States and Europe as its assessment of the global economic environment. - FY2018-Q1SoftenedAnnual report
「During the first quarter of the fiscal year ended December 2017 (1 October 2017 to 31 December 2017), the global economy achieved moderate growth overall, supported by economic expansion in emerging markets, including Asia, and the continued recovery trend in the United States and Europe.」
The description changed from the previous focus on slowing growth in emerging markets and an uncertain or sluggish recovery in Europe to economic expansion in emerging markets and a continued recovery trend in the United States and Europe, indicating an improved assessment of the global economic environment. - FY2017-Q3RestatedAnnual report
「During the third quarter of the fiscal year ended March 2017 (1 October 2016 to 30 June 2017), the global economy maintained a low-growth trajectory overall, as economic expansion continued in the United States, but recovery remained sluggish in emerging markets, including Asia, and in Europe.」
While also citing economic expansion in the United States, the company continued to describe the sluggish recovery in emerging markets and Europe and low growth globally as the operating environment. - FY2017-Q2RestatedAnnual report
「During the second quarter of the fiscal year ended March 2017 (1 October 2016 to 31 March 2017), the global economy maintained a low-growth trajectory overall, as economic expansion continued in the United States, but recovery remained sluggish in emerging markets, including Asia, and in Europe.」
While also citing economic expansion in the United States, the company continued to describe the sluggish recovery in emerging markets and Europe and low growth globally as the operating environment. - FY2017-Q1RestatedAnnual report
「Overall growth remained low, due to slowing economic growth in emerging markets, including Asia, and the sluggish recovery in Europe.」
The company continued to cite slowing growth in emerging markets and the sluggish recovery in Europe as conditions in the global economy during the quarter. - FY2016RestatedAnnual report
「Overall growth remained low, due to slowing economic growth in emerging markets, including Asia, and continued uncertainty over economic conditions in Europe.」
The company continued to cite slowing growth in emerging markets and uncertainty over economic conditions in Europe as the full-year operating environment. - FY2016-Q3First statedAnnual report
「Overall growth remained low, due to slowing economic growth in emerging markets, including Asia, and continued uncertainty over economic conditions in Europe.」
The company identified slowing growth in emerging markets and economic conditions in Europe as risks in the operating environment at the time.