Downward Pressure on Consumption from the Russia-Ukraine Situation and Soaring Raw Material Prices
First written in FY2022-Q2. 8 of 13 entries say "Restated". Latest entry: FY2026-H1.
Festaria Holdings moved to the "Worse" side of this theme in 2022, 2 years after the typical company in this theme (2020).
The whole theme swung hardest in 2022: 104 of 134 companies on the "Worse" side.
66 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「The outlook remains uncertain amid persistently high domestic and international uncertainty, including the impact on personal consumption of inflation caused by prolonged yen depreciation and elevated energy and raw-material prices, developments in U.S. trade policy, prolonged geopolitical risks and volatility in financial and capital markets.」
Downside risks to economic activity from geopolitical risks, raw material and energy prices, yen depreciation, US trade policy, and financial-market volatility continue. - 2026-04-13RestatedEarnings
「The outlook remains uncertain amid persistently high domestic and international uncertainty, including the impact on personal consumption of inflation caused by prolonged yen depreciation and elevated energy and raw-material prices, developments in U.S. trade policy, prolonged geopolitical risks and volatility in financial and capital markets.」
Yen depreciation, raw-material prices, U.S. trade policy, geopolitical risks and financial and capital-market volatility continued to be cited as sources of uncertainty. - FY2025WorsenedAnnual report
「Meanwhile, the economic outlook remains uncertain amid heightened geopolitical risks associated with the protracted Russia-Ukraine and Middle East situations, as well as the impact of soaring resource and raw-material prices, rising prices, fluctuations in foreign exchange rates and interest rates, and U.S. tariff increases.」
The factors contributing to uncertainty in the external environment were expanded to include higher US tariffs and interest-rate movements, in addition to the existing risks related to geopolitics, resource prices, and foreign-exchange fluctuations. - FY2025-H1RestatedAnnual report
「During the six months under review (1 September 2024 to 28 February 2025), the Japanese economy remained on a gradual recovery path as employment and income conditions improved. However, international conditions became increasingly unstable amid heightened geopolitical risks surrounding the situation in Ukraine and the Middle East, as well as uncertainty over the direction of U.S. trade policy following the change in the U.S. administration, and the outlook remained uncertain.」
The disclosure continues to cite geopolitical risks, including the situation in Ukraine, and increasing instability in the international situation, together with uncertainty over trade policy. - FY2024-Q3RestatedAnnual report
「The outlook remains uncertain amid the continued impact of soaring raw-material and energy prices and volatility in financial and capital markets, as well as ongoing global monetary tightening, with concerns over downside risks to the economy from prolonged geopolitical tensions, stagnation in the Chinese economy, and weakness in overseas economies.」
Downside risks to economic activity from geopolitical tensions, raw material and energy prices, monetary tightening, and stagnation in the Chinese economy continue. - FY2024-Q2RestatedAnnual report
「During the six months under review, the Japanese economy showed signs of a gradual recovery, supported by improvements in employment and income conditions. However, the outlook remained uncertain amid prolonged geopolitical tensions, soaring raw-material and energy prices, stagnation in the Chinese economy, and the impact of global monetary tightening aimed at curbing inflation.」
The external environment continues to be affected by geopolitical tensions, surging raw material and energy prices, stagnation in the Chinese economy, and the impact of global monetary tightening. - FY2024-Q1RestatedAnnual report
「The outlook remains uncertain, as downside risks to the economy from soaring raw material and energy prices and global monetary tightening persist, while the international situation is becoming increasingly unstable.」
The disclosure continues to cite uncertainty in the external environment, including surging raw material and energy prices and increasing instability in the international situation. - FY2023-Q3RestatedAnnual report
「During the third-quarter consolidated cumulative period (1 September 2022 to 31 May 2023), Japan's economy moved toward normalization of social and economic activity as activity restrictions related to COVID-19 were gradually eased. However, the outlook remained uncertain due to inflation caused by soaring global resource prices and sharp currency fluctuations.」
Although socioeconomic activity is normalizing, rising prices caused by soaring resource prices and sharp exchange-rate fluctuations remain sources of uncertainty in the external environment. - FY2023-Q2RestatedAnnual report
「However, the outlook remained uncertain due to soaring resource prices, sharp exchange-rate fluctuations and rising prices accompanying the prolonged Russia-Ukraine situation.」
The company continues to identify the prolonged Russia-Ukraine situation, soaring resource prices and inflation, and sharp exchange-rate fluctuations as sources of uncertainty in the external environment. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal year (1 September 2022 to 30 November 2022), Japan’s economy showed signs of moving toward the normalization of socioeconomic activity under the “with-COVID” environment. However, the outlook remained uncertain due to the prolonged Russia-Ukraine situation, rising resource and energy prices, and the rapid depreciation of the yen.」
The company explicitly identified the prolonged Russia-Ukraine situation, rising resource and energy prices, and the rapid depreciation of the yen as downside factors in the external environment. - FY2022WorsenedAnnual report
「The jewelry industry in which our group operates faced an overall challenging business environment. Although high-priced products remained firm, particularly at department stores, raw material and procurement prices rose, successive price increases heightened consumers' preference for saving against the backdrop of income conditions, and labor and logistics costs also increased.」
The Russia-Ukraine situation and other factors have driven up raw material and procurement prices, labor costs and logistics costs, while consumers’ preference for saving has created a challenging business environment. - FY2022-Q3WorsenedAnnual report
「It is necessary to closely monitor downside risks arising from heightened geopolitical risks related to the Russia-Ukraine situation, rising raw material prices, volatility in the financial and capital markets, and supply constraints.」
The company explicitly identified heightened geopolitical risks related to the Russia-Ukraine situation, as well as downside risks from raw material prices, financial markets and supply constraints. - FY2022-Q2First statedAnnual report
「In addition to concerns over energy supply shortages against the backdrop of Russia’s invasion of Ukraine, global inflation is accelerating as prices for raw materials such as crude oil, minerals and grains surge, raising concerns that this may weigh on consumer sentiment going forward.」
The company described Russia’s invasion of Ukraine, concerns over energy supply shortages, and global inflation caused by surging raw material prices as new external risks that could weigh on consumer sentiment going forward.