Geopolitical Risks Arising from Russia’s Invasion of Ukraine and Other Factors
First written in FY2022. 2 of 5 entries say "Materialised", first in FY2023-Q1. Latest entry: FY2025.
Wellneo Sugar 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: 45 of 78 companies on the "Worse" side.
32 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The outlook remains uncertain due to unstable international conditions and the impact of exchange-rate fluctuations, among other factors.」
Uncertainty in the business environment due to geopolitical and international conditions and exchange-rate fluctuations continues. - FY2023WorsenedAnnual report
「The business environment surrounding the company remains uncertain in fiscal 2023. While the easing of various restrictions related to COVID-19 has supported signs of normalization in social and economic activity, including a recovery in human mobility, raw material and energy prices remain elevated amid the prolonged Russia-Ukraine situation and other factors.」
The company identifies the continued elevation of raw material and energy prices due to the prolonged Russia-Ukraine situation as a business-environment risk extending into the following fiscal year. - FY2023-Q2MaterialisedAnnual report
「Overseas raw sugar prices opened at 19.42 cents per pound and rose to a season high of 20.51 cents in mid-April. Amid soaring energy prices following Russia’s invasion of Ukraine, concerns arose over lower sugar production because sugarcane growth was delayed in Brazil, a major producer entering its harvest season, and because of expectations that Brazil would prioritize bioethanol production.」
Soaring energy prices and other factors arising from Russia’s invasion of Ukraine actually spread to the raw sugar market, with overseas raw sugar prices rising to 20.51 cents. - FY2023-Q1MaterialisedAnnual report
「Overseas raw sugar prices opened at 19.42 cents per pound and rose to a season high of 20.51 cents in mid-April. Amid soaring energy prices following Russia’s invasion of Ukraine, concerns arose over lower sugar production because sugarcane growth was delayed in Brazil, a major producer entering its harvest season, and because of expectations that Brazil would prioritize bioethanol production.」
Soaring energy prices and other factors arising from Russia’s invasion of Ukraine materialized as drivers of higher raw sugar prices, with overseas raw sugar prices rising to 20.51 cents. - FY2022First statedAnnual report
「The business environment surrounding the company remains uncertain. As geopolitical risks originating from Russia’s invasion of Ukraine persist, commodity prices remain elevated and the outlook for the economy has become more uncertain due to the impact on financial markets. Although the global economy is expected to return to pre-pandemic conditions, it has been hit by further expansion of the crisis, and its resolution remains uncertain.」
The company identifies geopolitical risks originating from Russia’s invasion of Ukraine as a new business-environment risk and cites elevated commodity prices and the impact on financial markets.