Increased Uncertainty in the Operating Environment Due to the Situation in Ukraine, Difficulties Procuring Parts and Other Factors
First written in FY2022. 7 of 12 entries say "Restated". Latest entry: 2026-10-30.
Chudenko moved to the "Worse" side of this theme in 2022, 1 year before the typical company in this theme (2023).
The whole theme swung hardest in 2022: 6 of 12 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- FY2026WorsenedAnnual report
「The future operating environment is expected to remain uncertain. Capital investment by manufacturers and urban redevelopment are expected to remain firm, but raw material prices are expected to remain high, labor shortages are expected to continue, and the impact of the situation in the Middle East on the business is also a concern.」
In addition to persistently high raw material prices and labor shortages, the Company newly identifies the impact of the situation in the Middle East on the business as a factor making the outlook uncertain. - FY2026-H1RestatedAnnual report
「During the current interim accounting period, capital investment by manufacturers and urban redevelopment remained firm, but energy and raw material prices continued to remain high and labor shortages persisted.」
The Company continues to describe an operating environment in which capital investment and urban redevelopment remain firm, while energy and raw material prices remain high and labor shortages persist. - FY2025-H1RestatedAnnual report
「During the current interim accounting period, the business environment was characterized by continued firm public investment and signs of recovery in private-sector capital investment, including capital investment by manufacturers. However, energy and raw material prices remained high due to the prolonged instability of the global situation and exchange rates, while labor shortages continued to drive up personnel expenses.」
While describing the recovery in private-sector capital investment, the Company continues to describe an operating environment in which energy and raw material prices remain high due to the unstable global situation and the impact of exchange rates. - FY2024-Q3RestatedAnnual report
「During the first 3 quarters of the current fiscal year, public investment remained firm and private-sector capital investment showed signs of recovery as social and economic activity became more active following the reclassification of COVID-19 to Category 5. However, energy and raw material prices remained elevated due to the prolonged situation in Ukraine and the impact of exchange rates, while labor costs continued to surge amid labor shortages.」
The Company describes a business environment in which energy and raw material prices continue to remain high against the backdrop of the prolonged situation in Ukraine and the impact of exchange rates. - FY2024-Q2RestatedAnnual report
「During the first half of the current fiscal year, public investment remained solid and private-sector capital investment was recovering. However, the business environment remained challenging, with energy and raw material prices staying elevated due to the prolonged situation in Ukraine and the impact of exchange rates.」
The Company states that energy and raw material prices continue to remain high against the backdrop of the prolonged situation in Ukraine and the impact of exchange rates. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, the business environment was extremely difficult. Public investment remained firm and private-sector capital investment also showed signs of recovery, but energy and raw material prices continued to remain high due to the prolonged situation in Ukraine, exchange-rate fluctuations, and other factors.」
The Company states that energy and raw material prices continue to remain high against the backdrop of the prolonged situation in Ukraine and the impact of exchange rates. - FY2023-Q3WorsenedAnnual report
「During the cumulative third quarter of the current fiscal year, the business environment was difficult. Public investment remained firm and private-sector capital investment showed signs of recovery, but energy and raw material prices soared due to the prolonged situation in Ukraine, exchange-rate fluctuations, and other factors.」
The Company describes a difficult business environment in which energy and raw material prices remain high against the backdrop of the prolonged situation in Ukraine and exchange-rate fluctuations. - FY2023-Q2WorsenedAnnual report
「During the first half of the current fiscal year, public investment remained firm and private-sector capital investment showed signs of recovery. However, energy and raw material prices were surging due to the prolonged situation in Ukraine and exchange-rate fluctuations, creating concerns about their impact on the economy.」
The Company describes continued high energy and raw material prices driven by the prolonged situation in Ukraine and exchange-rate fluctuations, indicating that the factors making the operating environment uncertain persist. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the current fiscal year, public investment remained firm and private-sector capital investment showed signs of recovery. However, energy and raw material prices were surging due to the COVID-19 pandemic, the situation in Ukraine and exchange-rate fluctuations, creating concerns about their impact on the economy.」
The Company describes soaring energy and raw material prices driven by the situation in Ukraine, the COVID-19 pandemic, and exchange-rate fluctuations, thereby specifying the factors making the operating environment uncertain. - FY2022First statedAnnual report
「The operating environment is expected to remain uncertain, owing to soaring resource prices, difficulties procuring components in the manufacturing industry, and the impacts of the COVID-19 pandemic and the situation in Ukraine.」
In its FY2022 filing, the Company first explicitly identified the impact of the situation in Ukraine, in addition to high resource prices, difficulties procuring components, and the COVID-19 pandemic, as factors making the future operating environment uncertain.