Supply Chain Disruptions and Downside Economic Risk
First written in FY2022-Q2. 6 of 12 entries say "Restated". Latest entry: FY2026.
Shinwa moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 28 of 41 companies on the "Worse" side.
54 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Meanwhile, the outlook remains uncertain due to continued price increases, volatility in financial and capital markets, concerns over a slowdown in overseas economies, and rising geopolitical risks.」
The disclosure continues to cite concerns over an economic downturn resulting from rising prices, financial market volatility, a slowdown in overseas economies, and geopolitical risks. - FY2026-H1RestatedAnnual report
「In the construction industry, a major customer for our products, total construction investment from April to August 2025 was approximately ¥22.8 trillion, up 3.8% year on year, according to the Ministry of Land, Infrastructure, Transport and Tourism's Construction Comprehensive Statistics. Construction investment increased against a backdrop of rising material unit prices, measures to address aging domestic infrastructure, and urban redevelopment projects, and construction demand remained firm.」
The disclosure continues to identify downside risks relating to the economic environment and supply chains, while also citing firm construction investment and rising material unit prices. - FY2025WorsenedAnnual report
「Meanwhile, in addition to ongoing concerns such as soaring prices and resource costs, the sharp changes in the trade environment resulting from U.S. policies have made the economic outlook extremely uncertain, and this challenging situation continued.」
In addition to the existing risks from soaring prices and resource costs, sharp changes in the trade environment resulting from U.S. policies were identified as a new source of uncertainty, and downside economic risks were emphasized. - FY2025-H1RestatedAnnual report
「Meanwhile, downside risks to the economy, including high prices for goods and resources, prolonged international conflicts, and volatility in financial and capital markets, remained evident, and the situation continued to warrant close attention.」
The downside risks to the economy from soaring prices and resource costs, protracted international conflicts, and volatility in financial and capital markets continue to be disclosed. - FY2024-Q3WorsenedAnnual report
「Downside risks to the economy, including the continued depreciation of the yen, high prices for goods and resources, concerns about China's economic outlook, and the prolonged conflicts in the Middle East and Ukraine, remained evident, and the situation continued to warrant close attention.」
In addition to the previously identified depreciation of the yen, high resource prices, concerns about China's economy, and the situation in Ukraine, the prolonged conflict in the Middle East was explicitly identified as a factor driving downside risks to the economy. - FY2024-Q2RestatedAnnual report
「Meanwhile, downside risks to economic activity, including the prolonged Russian invasion of Ukraine, the continued depreciation of the yen, high prices for goods and resources, and concerns about China's economic outlook, remain evident, and the situation continues to warrant close attention.」
Downside risks to the economy arising from the situation in Ukraine, the depreciation of the yen, high prices for goods and resources, and concerns about China's economic outlook remain evident. - FY2024-Q1RestatedAnnual report
「Meanwhile, downside risks to the economy, including the prolonged Russian invasion of Ukraine, the continued depreciation of the yen, high prices for goods and resources, and the continuation of global monetary tightening, remain evident, and the situation continues to warrant close attention.」
Downside risks to the economy arising from the situation in Ukraine, the depreciation of the yen, high prices for goods and resources, and global monetary tightening remain evident. - FY2023-Q2RestatedAnnual report
「Meanwhile, prices for goods and resources have continued to rise due to the effects of sharp exchange-rate movements, while supply chains have yet to stabilise and the future course of Russia's invasion of Ukraine remains uncertain. Downside risks to the economy remain substantial, and the situation continues to warrant close attention.」
The Group states that downside risks to the economy arising from high resource prices, supply chain instability, Russia's invasion of Ukraine, and exchange-rate fluctuations remain substantial. - FY2023-Q1WorsenedAnnual report
「Meanwhile, downside risks to the economy remain substantial, including higher resource prices due to Russia's invasion of Ukraine, supply chain disruptions caused by the spread of COVID-19 in China and the implementation of strict lockdowns, and volatility in financial and capital markets, including foreign exchange markets. The situation continues to warrant close attention.」
Against a backdrop of continued high resource prices and adverse effects on supply chains, disruptions caused by China's strict lockdowns and volatility in financial and capital markets have emerged as additional specific factors, and downside risks to the economy continue to expand. - FY2022MaterialisedAnnual report
「Russia's invasion of Ukraine has further accelerated the rise in resource prices, while adverse effects on supply chains and volatility in financial and capital markets have become evident. The situation regarding the future course of these developments and downside risks to the economy continues to warrant close attention.」
Adverse effects on supply chains, high resource prices, and volatility in financial and capital markets have become evident, and downside risks to the economy have materialised as specific external-environment risks. - FY2022-Q3WorsenedAnnual report
「Meanwhile, the situation regarding downside risks to the economy continues to warrant close attention, amid persistently high global resource prices, chronic supply chain disruptions, and the spread of new COVID-19 variants.」
Supply chain disruptions are described as having become chronic rather than temporary, while high resource prices and the spread of new variants have added to the continuing and worsening downside risks to the economy. - FY2022-Q2First statedAnnual report
「As the economy recovers from the COVID-19 pandemic, supply-demand imbalances and other disruptions have emerged in supply chains, and the situation regarding downside risks to the economy continues to warrant close attention.」
The Group has identified the actual emergence of supply chain disruptions and downside risks to the economy as new concerns in the external environment.