Impact on Our Group of Escalating Tensions in the Middle East
KI-STAR REAL ESTATE CO.,LTD and our Group
Construction materials, residential equipment, and housing supply
The escalation of tensions in the Middle East has resulted in a global surge in crude oil prices and disruptions to supply chains centered on petrochemical products.
We judge that the impact on business performance will be limited.
We will continue to closely monitor developments in the Middle East and market trends, and work to analyze and address the associated risks. We will make the stable supply of homes our highest priority.
If an event occurs that has a material impact on the business activities or performance of our Group, we will promptly disclose it.
| Item | Details |
|---|---|
| Event name | Impact on Our Group of Escalating Tensions in the Middle East |
| Subject Entity | KI-STAR REAL ESTATE CO.,LTD and our Group |
| Target Locations / Products | Construction materials, residential equipment, and housing supply |
| Cause | The escalation of tensions in the Middle East has resulted in a global surge in crude oil prices and disruptions to supply chains centered on petrochemical products. |
| Impact on Earnings Forecast | We judge that the impact on business performance will be limited. |
| Outlook | We will continue to closely monitor developments in the Middle East and market trends, and work to analyze and address the associated risks. We will make the stable supply of homes our highest priority. |
| Planned follow-up disclosure | If an event occurs that has a material impact on the business activities or performance of our Group, we will promptly disclose it. |
Items this document does not state (18)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The reasons cited are the surge in crude oil prices resulting from escalating tensions in the Middle East, disruptions to supply chains centered on petrochemical products, and instability in the supply chains for construction materials and residential equipment.