Uncertainty in the Global Economy and Supply Concerns Arising from the Situation in Ukraine and US-China Trade Friction
First written in FY2024-Q3. 3 of 5 entries say "Worsened", first in FY2025-H1. Latest entry: 2026-05-15.
Green Monster moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
76 other companies' latest entry also says "Worsened".
- 2026-05-15WorsenedEarnings
「Geopolitical risk rose rapidly following the military attacks on Iran by the United States and Israel, and crude oil prices surged amid concerns about oil supplies.」
In addition to previously cited geopolitical risks, military attacks involving Iran were specifically identified, with geopolitical risk and concerns over oil supplies increasing. - FY2026-H1WorsenedAnnual report
「In addition, prolonged geopolitical risks, trade friction between the United States and China, and policy developments in various countries have further increased uncertainty surrounding energy prices and supply chains.」
The company states that prolonged geopolitical risks, US-China trade friction, and policy developments in various countries have further increased uncertainty surrounding energy prices and supply chains. - FY2025SoftenedAnnual report
「Meanwhile, the deterioration of the situation in Ukraine and continuing trade friction between the United States and China have increased uncertainty in the global economy, while further increases in energy prices and supply concerns have continued.」
The situation in Ukraine and US-China trade friction continue to be mentioned, but the situation in the Middle East, which was explicitly identified in the immediately preceding interim report, is not mentioned. - FY2025-H1WorsenedAnnual report
「Meanwhile, the deterioration of the situation in Ukraine, the emergence of geopolitical risks such as the situation in the Middle East, and continuing trade friction between the United States and China have increased uncertainty in the global economy, while further increases in energy prices and supply concerns have continued.」
In addition to the situation in Ukraine and US-China trade friction, the company explicitly mentions the situation in the Middle East, the emergence of geopolitical risks, higher energy prices, and continuing supply concerns. - FY2024-Q3First statedAnnual report
「Meanwhile, the deterioration of the situation in Ukraine and continuing trade friction between the United States and China have increased uncertainty in the global economy, while further increases in energy prices and supply concerns have continued. Against this domestic and international backdrop, the economic outlook remains uncertain.」
The company states that continuing geopolitical tensions and trade friction have sustained higher energy prices, supply concerns, and uncertainty about the economic outlook.