Increasing Economic Uncertainty Due to a Downturn in the Chinese and Emerging-Market Economies
First written in FY2017-Q1. 10 of 14 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2022: 131 of 174 companies on the "Worse" side.
- FY2025-H1Reiteration of the risk of a slowdown in the Chinese economyAnnual report
「During the interim consolidated accounting period, Japan's economy remained on a recovery track, with economic activity recovering and corporate earnings remaining strong. Personal consumption is expected to recover as employment and wages improve, but instability in the outlook has continued due to geopolitical risks related to the situations in Ukraine and the Middle East, as well as a slowdown in the Chinese economy.」
After having disappeared from the disclosures for a period, the slowdown in the Chinese economy has again been explicitly identified, together with the situations in Ukraine and the Middle East, as a factor contributing to an unstable outlook. - FY2021-Q2DroppedAnnual reportNo specific reference to a slowdown in China or emerging market economies can be confirmed in the description of the economic environment for the second quarter.
- FY2020-Q3RestatedAnnual report
「During the cumulative nine-month period of the current fiscal year, Japan's economy continued on a moderate recovery track, supported by improvements in corporate earnings and employment and income conditions. However, uncertainty about the outlook has persisted due to overseas geopolitical risk factors, including concerns over a slowdown in emerging market economies such as China, concerns over US-China trade friction and the UK's withdrawal from the EU.」
The company continues to identify concerns over a slowdown in emerging market economies, including China, as a factor contributing to an uncertain outlook due to overseas factors. - FY2020-Q2RestatedAnnual report
「However, uncertainty about the outlook has persisted due to overseas geopolitical risk factors, including concerns over a slowdown in emerging market economies such as China, concerns over US-China trade friction, and the UK's withdrawal from the EU.」
The company continues to identify concerns over a slowdown in emerging market economies, including China, as a factor contributing to an uncertain outlook due to overseas factors. - FY2019-Q3RestatedAnnual report
「However, uncertainty about the outlook has persisted due to overseas geopolitical risk factors, including concerns over a slowdown in emerging market economies such as China, concerns over trade friction resulting from US protectionist policies and deteriorating relations with South Korea.」
The company continues to identify concerns over a slowdown in emerging market economies, including China, as a factor contributing to an uncertain outlook due to overseas geopolitical risk factors. - FY2019-Q2RestatedAnnual report
「However, uncertainty about the outlook has persisted due to overseas geopolitical risk factors, including concerns over a slowdown in emerging market economies such as China and concerns over trade friction resulting from US protectionist policies.」
The company continues to identify concerns over a slowdown in emerging market economies, including China, as a factor contributing to an uncertain outlook. - FY2019-Q1RestatedAnnual report
「During the cumulative three-month period of the current fiscal year, Japan's economy remained on a moderate expansion trend, with continued improvements in corporate earnings and employment and income conditions and a sustained recovery in personal consumption. However, uncertainty about the outlook has persisted due to overseas geopolitical risk factors, including concerns over a slowdown in emerging market economies such as China, concerns over trade friction resulting from US protectionist policies and the North Korean issue.」
The company continues to identify concerns over a slowdown in emerging market economies, including China, as a factor contributing to an uncertain outlook. - FY2018RestatedAnnual report
「There are many destabilizing factors, including a slowdown in emerging market economies, US protectionist policies and the North Korean issue, that could affect the domestic economy, and the outlook is expected to remain uncertain.」
The company continues to disclose a slowdown in emerging market economies as a factor contributing to uncertainty in the domestic economy. - FY2018-Q3RestatedAnnual report
「However, uncertainty about the outlook has persisted due to overseas geopolitical risk factors, including concerns over a slowdown in emerging market economies such as China, policy developments under the new US administration and the North Korean issue.」
The company continues to identify concerns over a slowdown in emerging market economies, including China, as an overseas geopolitical risk factor. - FY2018-Q2RestatedAnnual report
「However, uncertainty about the outlook has persisted due to overseas geopolitical risk factors, including concerns over a slowdown in emerging market economies such as China, policy developments under the new US administration and the North Korean issue.」
The company continues to identify concerns over a slowdown in emerging market economies, including China, as a factor contributing to an uncertain outlook. - FY2018-Q1RestatedAnnual report
「During the cumulative three-month period of the current fiscal year, Japan's economy remained on a moderate recovery track. Personal consumption also showed signs of a gradual recovery amid continued improvements in corporate earnings and employment and income conditions. However, concerns remain over the impact on the domestic economy of heightened uncertainty in overseas economies, including a slowdown in emerging market economies such as China, the UK's withdrawal from the EU and developments under the new US administration, and the outlook remains uncertain.」
The company continues to express concern over a slowdown in China and emerging market economies and uncertainty about the outlook. Developments under the new US administration are newly identified as a separate risk. - FY2017-Q3RestatedAnnual report
「During the cumulative nine-month period of the current fiscal year, Japan's economy entered a moderate recovery phase, supported by a recovery in corporate earnings and improvements in employment conditions, despite continued weakness in personal consumption. However, uncertainty about the outlook has persisted due to concerns over a slowdown in emerging market economies, including China, and issues such as the UK's withdrawal from the EU.」
The company continues to express concern over a slowdown in China and emerging market economies, but does not explicitly indicate any further deterioration from the previous description that uncertainty had intensified. - FY2017-Q2WorsenedAnnual report
「However, concerns over a slowdown in emerging market economies, including China, and financial market volatility arising from issues such as the UK's withdrawal from the EU have increased uncertainty about the outlook.」
The company continues to express concern over a slowdown in China and emerging market economies and describes uncertainty about the outlook as having intensified. - FY2017-Q1First statedAnnual report
「The logistics industry is expected to remain in an uncertain environment, with concerns over increases in toll road fees, a gradual rise in crude oil prices, and downside risks to overseas economies, including China and emerging markets.」
The company has, for the first time, explicitly identified downturns in overseas economies, including China and emerging markets, as factors contributing to an uncertain outlook for the logistics industry.