Supply chain disruptions caused by natural disasters, war, and infectious diseases
First written in FY2020. 4 of 8 entries say "Worsened", first in FY2022. Latest entry: FY2026.
Tsi Holdings moved to the "Worse" side of this theme in 2026, 7 years after the typical company in this theme (2019).
The whole theme swung hardest in 2026: 14 of 31 companies on the "Worse" side.
5 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「If a natural disaster or war, or other human-caused disaster, occurs in Japan or overseas, including the situation in Iran and the conflict between Ukraine and Russia and the resulting economic fluctuations, the Group's supply chain may be affected, potentially disrupting its business and product supply and increasing costs.」
In addition to the previously identified risks from conflicts and exchange-rate fluctuations, the effects of the situation in Iran, economic fluctuations and higher costs were explicitly identified as impacts of supply chain risks. - FY2025-H1RestatedAnnual report
「The difficult conditions continued due to a combination of factors, including soaring resource and materials prices associated with conflicts in Ukraine and Palestine and the continuing substantial depreciation of the yen.」
Uncertainty in the business environment due to conflicts, soaring resource and material prices, and yen depreciation was reconfirmed. - FY2024RestatedAnnual report
「If a natural disaster or war, or other human-caused disaster, occurs in Japan or overseas, including recent conflicts in the Middle East and between Ukraine and Russia and the resulting exchange-rate fluctuations, the Group's supply chain may be affected, potentially disrupting its business and product supply.」
The risk of supply chain disruptions was reconfirmed, including conflicts in the Middle East and exchange-rate fluctuations. - FY2024-Q3WorsenedAnnual report
「Personal consumption recovered as the impact of COVID-19 subsided. However, difficult conditions continued due to a combination of factors, including changes in consumer sentiment toward apparel products resulting from the pandemic, surging resource and raw-material prices amid conflicts in Ukraine and Palestine, and the substantial depreciation of the yen.」
Conflicts, including in Palestine, soaring resource and raw-material prices, and the significant depreciation of the yen were identified as risks in the supply chain and business environment. - FY2023-Q3RestatedAnnual report
「The outlook remains uncertain due to the impact of soaring global resource prices and the sharp depreciation of the yen stemming from the situation in Russia and Ukraine, as well as the renewed increase in COVID-19 cases.」
Soaring resource prices and yen depreciation resulting from the situation in Russia and Ukraine continue to be sources of uncertainty in the supply chain and business environment. - FY2023-Q2WorsenedAnnual report
「The outlook remains uncertain due to the effects of soaring global resource prices resulting from the situation in Russia and Ukraine.」
In addition to the Russia-Ukraine conflict and exchange-rate fluctuations previously described, the effects of soaring global resource prices were explicitly identified, expanding the factors contributing to uncertainty in the external environment. - FY2022WorsenedAnnual report
「Accordingly, if a natural disaster or war, or other human-caused disaster, occurs in Japan or overseas, including the recent conflict between Ukraine and Russia and the resulting exchange-rate fluctuations, the Group's supply chain may be affected, potentially disrupting its business and product supply.」
The supply chain risk description was expanded beyond natural disasters and war to explicitly include the conflict between Ukraine and Russia and exchange-rate fluctuations. The impact on supply from the lockdown in Shanghai, China, was also described separately. - FY2020First statedAnnual report
「If a natural disaster or war, or other human-caused disaster, occurs in Japan or overseas, the Group's supply chain may be affected, potentially disrupting its business and product supply. In addition, stagnant consumption caused by the spread of infectious diseases may affect the Group's operating results.」
Disruptions to product supply caused by natural disasters and war, or other events, in Japan and overseas, and stagnant consumption caused by the spread of infectious diseases, were explicitly identified for the first time as separate business risks.