Surging resource prices, inflation and yen depreciation, and economic uncertainty stemming from the Russia-Ukraine situation
First written in FY2022. 2 of 3 entries say "Worsened", first in FY2024. Latest entry: FY2026.
System Location moved to the "Worse" side of this theme in 2024, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 22 of 48 companies on the "Worse" side.
16 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The outlook for the global and Japanese economies remains uncertain, owing to the prolonged situation in Russia and Ukraine and instability in the Middle East surrounding the Strait of Hormuz.」
In addition to the prolonged situation in Ukraine, instability in the Middle East has been identified, indicating that uncertainty in the external environment is continuing and increasing. - FY2024WorsenedAnnual report
「In addition, uncertainty about the outlook has intensified due to China's excessive slowdown, the prolonged conflict in Ukraine and rising tensions in the Middle East, among other factors.」
The company cites the prolonged conflict in Ukraine, rising tensions in the Middle East and China's economic slowdown, explaining that uncertainty in the external environment has increased further. - FY2022First statedAnnual report
「Russia's invasion of Ukraine has not ended, and concerns over an economic slowdown are rapidly growing due to inflation originating from higher resource prices and accelerating yen depreciation. The economic outlook therefore remains uncertain.」
The company describes Russia's invasion of Ukraine, higher resource prices, inflation and accelerating yen depreciation as new external risks to the business environment during the fiscal year, raising concerns about an economic slowdown.