Uncertainty in the Economic Environment Due to the Russia-Ukraine Situation and Surging Energy and Resource Prices
First written in FY2023-Q2. . Latest entry: FY2026.
The whole theme swung hardest in 2025: 46 of 82 companies on the "Worse" side.
7 other companies' latest entry also says "Other".
- FY2026Continuation and expansion of external environment risksAnnual report
「While price and labor cost increases continued, personal consumption showed signs of recovery against a backdrop of improving employment and income conditions. Domestic tourism and leisure-related demand also remained firm, supported by inbound visitor numbers staying at high levels.」
While increases in prices, labor costs and operating costs continued, improvements in employment and income conditions and firm inbound demand were also cited, presenting both positive and negative external factors. - FY2025-H1Expansion of External Risk FactorsAnnual report
「During the six-month period ended the second quarter, Japan's economy remained uncertain due to the effects of a downturn in overseas economies associated with continued high interest rates in Europe and the United States and the continued stagnation of China's real estate market, as well as the effects of rising prices, U.S. policy trends, the situation in the Middle East, fluctuations in financial and capital markets, and other factors.」
In addition to the previously cited energy and resource prices, interest rates, and yen depreciation, the Chinese real estate market, U.S. policy, the situation in the Middle East, and financial-market volatility were listed as sources of uncertainty. - FY2024-Q1Added rising interest rates and yen depreciation to the risk factorsAnnual report
「Conditions remain such that attention is required regarding the effects of inflation caused by surging global energy costs and resource and raw material prices, as well as rising interest rates in other countries and the yen's depreciation.」
In addition to inflation caused by surging energy and resource prices, rising interest rates in other countries and the yen's depreciation were listed as concerns regarding the business environment. - FY2023-Q2First statedAnnual report
「The situation remains uncertain, as Russia's invasion of Ukraine has been prolonged, global energy costs and resource and raw material prices have surged, and the consumer price index has risen.」
For the first time, the prolonged Russian invasion of Ukraine, surging energy, resource and raw material prices, and the rise in the consumer price index were identified as business-environment risks.