Escalation of tensions surrounding Ukraine
First written in FY2023-Q1. 3 of 4 entries say "Worsened", first in FY2023-Q2. Latest entry: FY2024-Q1.
Taisei Oncho moved to the "Worse" side of this theme in 2022, 2 years before the typical company in this theme (2024).
The whole theme swung hardest in 2025: 22 of 48 companies on the "Worse" side.
16 other companies' latest entry also says "Worsened".
- FY2024-Q1WorsenedAnnual report
「The outlook remained uncertain due to soaring raw material prices resulting from the deterioration of the situation in Ukraine and growing inflationary pressures.」
In addition to the previously cited protracted and escalating situation in Ukraine, the company described the situation as having deteriorated and indicated its relationship with soaring raw material prices and inflationary pressures. - FY2023-Q3WorsenedAnnual report
「Surging resource prices associated with the prolonged situation in Ukraine and supply chain disruption」
The company explicitly stated that the situation in Ukraine had become protracted, and continued to describe its economic impact, including higher resource prices caused by supply chain disruptions. - FY2023-Q2WorsenedAnnual report
「The outlook remained uncertain as the impact of soaring resource and raw material prices and the sharp depreciation of the yen resulting from the situation in Ukraine, among other factors, continued to be felt.」
The escalating situation in Ukraine is described in connection with its specific economic impacts, namely soaring resource and raw material prices and the sharp depreciation of the yen. - FY2023-Q1First statedAnnual report
「The outlook remained uncertain due to the escalating situation in Ukraine, soaring crude oil and raw material prices, and the sharp depreciation of the yen and growing inflationary pressures.」
For the first time, the company explicitly identified the escalating situation in Ukraine, alongside soaring crude oil and raw material prices, the sharp depreciation of the yen and inflationary pressures, as a factor contributing to uncertainty over the outlook for the domestic economy.