Risk of higher crude oil and raw material prices due to the Russia-Ukraine situation
First written in FY2022. 5 of 10 entries say "Restated". Latest entry: FY2026.
Japan Foundation Engineering 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: 45 of 80 companies on the "Worse" side.
9 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The economic outlook has become uncertain due to the impact of heightened tensions in the Middle East and continued inflation, among other factors.」
The focus of the risk of higher prices arising from the international situation has been updated from the previous emphasis on the Russia-Ukraine situation to heightened tensions in the Middle East and continued inflation. - FY2025-H1RestatedAnnual report
「Meanwhile, the global economy remains uncertain due to persistently high raw material prices worldwide and concerns about an economic slowdown resulting from monetary tightening and other factors.」
The Company continues to describe persistently high raw material prices, monetary tightening, and uncertainty over the global economic outlook. - FY2024RestatedAnnual report
「Resource and energy prices continue to rise due to the unstable international situation, yen depreciation and other factors. If this impact persists, the Group's business performance may be affected by persistently high prices for materials, energy and other items.」
The Company continues to explicitly identify high resource and energy prices against the backdrop of the international situation and yen depreciation, as well as the risk of an impact on business performance if these conditions persist. - FY2024-Q3RestatedAnnual report
「Meanwhile, resource and energy prices have continued to rise, and the global economy remains uncertain regarding its outlook.」
The Company describes high resource and energy prices and uncertainty over the global economic outlook as continuing risks associated with the Russia-Ukraine situation and other factors. - FY2024-Q2RestatedAnnual report
「Meanwhile, the prolonged situation involving Russia and Ukraine has kept resource and energy prices elevated, and the global economy remains in a situation with an uncertain outlook.」
The Company continues to describe high resource and energy prices and uncertainty over the global economy against the backdrop of the prolonged Russia-Ukraine situation. - FY2024-Q1WorsenedAnnual report
「The prolonged situation involving Russia and Ukraine has kept resource and energy prices elevated, and the global economy remains in a severe situation with an uncertain outlook.」
The Company states that resource and energy prices have remained high against the backdrop of the prolonged Russia-Ukraine situation. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the Japanese economy was affected by higher prices resulting from the continuing situation in Ukraine and other factors, although」
The impact of higher prices resulting from the continuing situation in Ukraine continues to be described. No new impacts or clear expansion of risks are indicated. - FY2023-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the Japanese economy showed signs of a gradual recovery as socioeconomic activity moved toward normalization, although it was affected by higher prices resulting from the spread of COVID-19 and the worsening situation in Ukraine.」
The impact of higher prices resulting from the worsening situation in Ukraine continues to be described. In addition, the Company states that rapid yen depreciation, rising raw material prices, and supply constraints have created a challenging operating environment. - FY2023-Q1WorsenedAnnual report
「However, amid concerns over the prolonged situation in Ukraine and the impact of restrictions on economic activity in China, a challenging business environment continues, including downside risks to the economy due to rising raw material prices and supply constraints, and conditions remain unpredictable.」
Regarding the situation in Ukraine, concern has shifted from the start of the invasion and rising crude oil prices in the previous fiscal year to the potential impact of a prolonged conflict. Rising raw material prices and supply constraints are also mentioned. - FY2022First statedAnnual report
「Russia's invasion of Ukraine has begun, and crude oil prices appear likely to rise further. If this military conflict intensifies and becomes protracted, risks such as persistently high raw material prices and accelerating global inflation may materialize as a result of a sharp rise in crude oil prices, potentially affecting the Group's business performance.」
The deterioration of the Russia-Ukraine situation was explicitly identified as a new business risk, with the potential impact on business performance from a sharp rise in crude oil prices, persistently high raw material prices, and accelerating global inflation described.