Impact of Yen Appreciation Associated with the Slowdown in Emerging Markets and the UK's Withdrawal from the EU on Corporate Earnings
First written in FY2017-Q1. 3 of 10 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2022: 140 of 172 companies on the "Worse" side.
8 other companies' latest entry also says "Dropped".
- FY2021DroppedAnnual reportUnlike the previous references to specific external-environment risks, such as yen appreciation due to the slowdown in emerging-market economies and the UK's EU withdrawal, this fiscal year focuses on COVID-19 and general uncertainty in the economic environment.
- FY2019WorsenedAnnual report
「The Chinese economy slowed markedly amid concerns over the US-China trade dispute, significantly affecting the global economy.」
The previous concerns over trade friction and a slowdown in China are described as a marked slowdown in the Chinese economy and its impact on the global economy. No risk has been quantified, but the occurrence of an economic slowdown is stated. quantified=false、materialized=true - FY2019-Q3WorsenedAnnual report
「The outlook remained uncertain, with concerns over a slowdown in the Chinese economy due to the prolonged US-China trade dispute and the resulting risk of a global economic slowdown.」
The company explicitly cites the prolonged US-China trade dispute, the slowdown in the Chinese economy and concerns over the resulting global economic slowdown, indicating that the trade friction concerns noted through the previous quarter have continued and intensified. - FY2019-Q2RestatedAnnual report
「During the six months ended 30 September, the global economy continued on a moderate recovery trend in major regions, including Japan, the US, Europe and China, although concerns grew over trade friction with China and the EU stemming from the US imposing import tariffs.」
While describing the economy as being on a moderate recovery trend, the company continues to cite concerns over trade friction with China and the EU stemming from US import tariffs. - FY2019-Q1Added concerns over trade friction stemming from US tariffs.Annual report
「During the three months ended 30 June, the global economy continued on a moderate recovery trend in major regions, including Japan, the US, Europe and China, although concerns grew over trade friction with China and the EU stemming from the US imposing import tariffs.」
While describing the economy as being on a moderate recovery trend, the company cites trade friction with China and the EU stemming from US import tariffs as a new concern in the external environment. - FY2018-Q3The economic environment shifted toward a moderate recovery.Annual report
「During the nine months ended 31 December, the Japanese economy remained on a moderate recovery trend. Although the recovery in personal consumption had paused, corporate earnings improved amid a weaker yen and the recovery of overseas economies, and capital investment remained firm as a result.」
Unlike the previous concerns over the impact of yen appreciation and overseas developments on corporate earnings, the company cites improving corporate earnings amid a weaker yen and the recovery of overseas economies, as well as a moderate economic recovery trend. - FY2017RestatedAnnual report
「The economy remained in an uncertain state, as overseas developments, including the slowdown in emerging-market economies such as China, policy developments under the new US administration and the UK's EU withdrawal issue, caused volatility in equity and foreign exchange markets, raising concerns over the impact on corporate earnings.」
The company continues to cite overseas developments, including emerging-market economies, the new US administration and the UK's EU withdrawal, as well as volatility in equity and foreign exchange markets, as external risks to corporate earnings. - FY2017-Q3Added overseas developments as a factor.Annual report
「The economy remained in an uncertain state, as overseas developments, including the slowdown in emerging-market economies such as China, developments surrounding the US presidential election and the UK's EU withdrawal issue, caused volatility in equity and foreign exchange markets, raising concerns over the impact on corporate earnings.」
In addition to the previous concerns over the slowdown in emerging markets and the UK's EU withdrawal issue, developments surrounding the US presidential election and volatility in equity and foreign exchange markets are cited as factors of concern for corporate earnings. - FY2017-Q2RestatedAnnual report
「The economy remained sluggish, as the yen appreciated amid overseas developments, including the slowdown in emerging-market economies such as China and the UK's EU withdrawal issue, raising concerns over the impact on corporate earnings and capital investment.」
The company continues to cite the slowdown in emerging-market economies, the UK's EU withdrawal issue and concerns over the impact of yen appreciation on corporate earnings and other areas. - FY2017-Q1First statedAnnual report
「The economy remained in an uncertain state, with concerns over the impact on corporate earnings arising from the slowdown in emerging-market economies, including China, and yen appreciation following the UK's exit from the EU.」
The slowdown in emerging-market economies and yen appreciation following the UK's exit from the EU are cited as external risks to corporate earnings.