Increasingly Uncertain Business Environment Due to Geopolitical Risk
First written in FY2022. 2 of 3 entries say "Worsened", first in FY2023-Q2. Latest entry: FY2023.
Aeon Kyushu moved to the "Worse" side of this theme in 2022, 2 years before the typical company in this theme (2024).
The whole theme swung hardest in 2025: 45 of 80 companies on the "Worse" side.
49 other companies' latest entry also says "Worsened".
- FY2023WorsenedAnnual report
「However, in addition to changes in the macroeconomic environment, including demographics, and intensifying competition across industry and business-format boundaries, the impact on consumer sentiment from the prolonged situation in Ukraine and continuing inflation caused by soaring resource and energy prices, among other factors,」
Specified geopolitical risk as the prolonged situation in Ukraine and described its spillover effects through soaring resource and energy prices and prolonged inflation. - FY2023-Q2WorsenedAnnual report
「Uncertainty continues over the impact on personal consumption of higher crude oil and raw-material prices caused by geopolitical risks and sharp fluctuations in foreign exchange rates, among other factors.」
Specifically described the impact on personal consumption of higher crude oil and raw-material prices caused by sharp foreign-exchange movements, in addition to geopolitical risk. - FY2022First statedAnnual report
「In addition to concerns over new variants, natural disasters and other geopolitical risks,」
Newly identified geopolitical risk as a factor contributing to an uncertain outlook, alongside new variants and natural disasters.