Impact on economic activity from Russia’s military invasion of Ukraine and other events
First written in FY2022. 5 of 11 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 46 of 79 companies on the "Worse" side.
6 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Meanwhile, high resource and energy prices and inflation continued amid heightened tensions in the Middle East, and uncertainty about the outlook remained.」
Regarding external factors creating uncertainty, this filing focuses on heightened tensions in the Middle East, high resource and energy prices, and inflation, rather than the previously described situation in Ukraine and other factors. - FY2026-H1RestatedAnnual report
「During the current interim accounting period, Japan's economy showed signs of improvement in employment and income conditions and expanding inbound demand, and capital investment in automation was expected to increase due to labor shortages. Meanwhile, uncertainty about the outlook continued due to high resource and energy prices, ongoing inflation, and the prolonged Russian invasion of Ukraine.」
While citing improvements in employment and income conditions and inbound demand as positive factors, the Company continues to describe uncertainty about the outlook due to high resource and energy prices, inflation, and the prolonged invasion of Ukraine. - FY2025-H1RestatedAnnual report
「During the current interim accounting period, Japan's economy showed signs of improvement in employment and income conditions and expanding inbound demand, while uncertainty about the outlook continued due to high resource and energy prices and ongoing inflation.」
While noting factors supporting improved economic activity, the Company continues to describe uncertainty about the outlook caused by high resource and energy prices and ongoing inflation. - FY2024-Q2RestatedAnnual report
「During the cumulative second-quarter period, Japan's economy showed signs of normalization in economic activity as restrictions related to COVID-19 were eased. Meanwhile, uncertainty about the outlook continued due to the prolonged Russia-Ukraine war, rising raw material prices, supply constraints, and yen depreciation against the US dollar.」
While indicating that economic activity is normalizing, the Company continues to identify the prolonged Russia-Ukraine war, rising raw material prices, supply constraints, and yen depreciation against the US dollar as external factors creating uncertainty. - FY2024-Q1RestatedAnnual report
「Meanwhile, uncertainty about the outlook continued due to the prolonged Russia-Ukraine war, rising raw material prices, supply constraints, and yen depreciation against the US dollar.」
The Company continues to identify the prolonged Russia-Ukraine war, rising raw material prices, supply constraints, and yen depreciation against the US dollar as external factors creating uncertainty. - FY2023WorsenedAnnual report
「During the fiscal year, Japan's economy moved toward normalization of social and economic activity as various restrictions were eased, although COVID-19 also resurged. Meanwhile, uncertainty about the outlook continued due to the prolonged Russia-Ukraine war and concerns that higher raw material prices and inflation would stagnate personal consumption.」
While noting the easing of pandemic-related restrictions and movement toward normalization, the Company explicitly identifies the prolonged Russia-Ukraine war and concerns that higher raw material prices and inflation will stagnate personal consumption, indicating that external-environment risks persist. - FY2023-Q2Easing pandemic-related impacts and ongoing concerns over prices and foreign exchangeAnnual report
「During the cumulative second-quarter period, Japan's economy gradually moved toward normalization of economic activity after the government's restrictions related to COVID-19 were lifted. However, uncertainty about the outlook continued due to higher raw material and crude oil prices and concerns about foreign-exchange trends, including the yen's sharp depreciation.」
The Company indicates that economic activity is normalizing following the lifting of government restrictions, while external factors creating uncertainty, including higher raw material and crude oil prices and the yen's sharp depreciation, persist. - FY2023-Q1WorsenedAnnual report
「During the cumulative first-quarter period, the business environment surrounding the Company remained uncertain, despite COVID-19 generally being on a recovery trend. International tensions have increased due to Russia's military invasion of Ukraine, while the yen has weakened and raw material and crude oil prices have risen.」
In addition to concerns about the impact of the situation in Ukraine on economic activity, the Company cites heightened international tensions, yen depreciation, and higher raw material and crude oil prices, broadening its description of external factors creating uncertainty. - FY2022First statedAnnual report
「Russia's military invasion of Ukraine and other factors have raised concerns about their impact on economic activity in Japan and overseas, further increasing uncertainty about the outlook.」
For the first time, the Company explicitly identifies Russia's military invasion of Ukraine and other factors as external-environment risks that could affect economic activity in Japan and overseas and the outlook.