Investment business risks from fluctuations in energy prices and reserves
First written in FY2018. 8 of 11 entries say "Worsened", first in FY2020. Latest entry: FY2024.
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- FY2024WorsenedAnnual report
「Energy prices, particularly those of crude oil and natural gas, are expected to continue fluctuating, driven not only by global economic trends but also by production trends in resource-exporting countries, energy policies in various countries, developments in the Russia-Ukraine situation and the Israel-Palestine situation, and related economic and financial sanctions.」
Regarding energy price and investment-environment risks, the situation between Israel and Palestine and related sanctions were added as new sources of uncertainty. - FY2024-Q3WorsenedAnnual report
「However, in addition to rising global interest rates and inflation and the slowdown of the Chinese economy, heightened geopolitical risks, including the situation in the Middle East, are contributing to continued uncertainty about the outlook.」
While resource prices stabilized, rising interest rates, inflation, a slowdown in the Chinese economy and geopolitical risks arising from the situation in the Middle East were listed as factors contributing to uncertainty in the investment environment. - FY2024-Q2WorsenedAnnual report
「However, the outlook remained uncertain, as concerns about a global economic recession intensified due to globally rising interest rates and inflation, as well as the impact of a slowdown in China's economic recovery.」
While resource prices stabilized, globally rising interest rates, inflation and concerns about a global economic recession due to a slowdown in China's economic recovery became greater sources of uncertainty in the investment environment. - FY2024-Q1Resource price stability coexisting with concerns about an economic recessionAnnual report
「The global economy was on a recovery trend as economic activity normalized in countries around the world following the easing of measures to address COVID-19 and resource prices stabilized. However, as interest rates continued to rise globally, concerns about a global economic recession intensified, leaving the outlook uncertain.」
While an improvement in conditions due to the stabilization of resource prices was indicated, uncertainty about the outlook remained due to rising interest rates and concerns about a global economic recession. - FY2023-Q3WorsenedAnnual report
「During the third quarter of the current consolidated cumulative period, the global economy was on a recovery trend as the impact of COVID-19 eased. However, concerns about a global economic downturn increased as central banks in various countries continued monetary tightening to contain the prolonged rise in prices, including resource prices, associated with the situation in Ukraine and other factors.」
Regarding the risk of rising resource prices, in addition to prolonged inflation, continued monetary tightening and concerns about a global economic recession were identified, broadening the factors contributing to uncertainty in the investment environment. - FY2023-Q2WorsenedAnnual report
「In addition to the prolonged inflation, including higher resource prices, resulting from the situation in Ukraine and other factors, reductions in monetary easing and accelerated monetary tightening aimed at curbing inflation have heightened concerns about a global economic recession.」
Regarding investment-environment risks related to fluctuations in resource prices, the prolonged inflation against the backdrop of the situation in Ukraine and other factors, accelerated monetary tightening and growing concerns about a global economic recession were newly identified. - FY2022WorsenedAnnual report
「An uncertain business environment is expected to continue due to broad-based increases in resource prices caused by tight supply and demand, with the situation in Ukraine recently accelerating the rise in resource prices.」
Regarding resource price risks, the acceleration of price increases due to tight supply and demand and the situation in Ukraine were newly identified. - FY2021-Q2RestatedAnnual report
「As crude oil prices also remained at low levels, the outlook for the market environment continued to be uncertain.」
The uncertainty in the investment environment associated with low crude oil prices continued from the previous quarter. - FY2021-Q1WorsenedAnnual report
「As crude oil prices also remained at low levels, the market environment continued to be uncertain.」
Crude oil prices remained at low levels, and investment-environment risks related to fluctuations in energy prices continued. - FY2020WorsenedAnnual report
「Customers postponed their final investment decisions against the backdrop of a sharp decline in crude oil prices.」
Regarding investment business and project-environment risks arising from fluctuations in energy prices, the sharp decline in crude oil prices and customers' postponement of final investment decisions were described as actual market conditions. - FY2018First statedAnnual report
「If events beyond expectations occur, such as dramatic changes in the investment environment typified by sharp fluctuations in the prices of energy resources such as crude oil and gas, or changes in estimated reserves, the results of the JGC Group may be affected.」
Changes in energy prices and estimated reserves are identified as risks for investments in oil, gas and resource development, power generation and water desalination, agriculture, urban development and other areas.