Russia-Ukraine Developments and Supply Chain Disruptions
First written in FY2022. 7 of 11 entries say "Worsened", first in FY2023-Q1. Latest entry: 2026-06-12.
Enigmo moved to the "Worse" side of this theme in 2022, 2 years before the typical company in this theme (2024).
2 other companies' latest entry also says "Worsened".
- 2026-06-12WorsenedEarnings
「The resulting surge in crude oil prices has raised concerns that inflation will remain elevated, while the International Monetary Fund (IMF) has revised down its forecast for real global economic growth in 2026, making downside risks increasingly prominent.」
The escalation of tensions in the Middle East is described as increasing downside risks through its effects on crude oil prices, inflation and the global economic outlook. - FY2026WorsenedAnnual report
「During the consolidated fiscal year under review (1 February 2025 to 31 January 2026), the global economy entered a phase of structural decoupling, or economic fragmentation, as protectionism, symbolised by US tariff policy, became institutionally entrenched in addition to prolonged geopolitical risks.」
In addition to the Russia-Ukraine situation, conflicts in the Middle East, the weaker yen, inflation and logistics disruption, the company has identified US tariff policy, the entrenchment of protectionism and economic fragmentation as new external-environment risks. - FY2024RestatedAnnual report
「In addition to surging crude oil prices resulting from the prolonged Russia-Ukraine war and the Israel-Hamas conflict, rising prices and interest rates driven by the continuing depreciation of the yen, and continued disruption to the supply chains supporting the economy are putting pressure on corporate earnings as companies respond to diversifying geopolitical risks.」
The company continues to face the effects of geopolitical risks, including the Russia-Ukraine situation and the Israel-Hamas conflict, as well as crude oil prices, the weaker yen, prices and interest rates, and supply chains. - FY2024-Q3WorsenedAnnual report
「In the Japanese economy, economic activity was normalizing as COVID-19 was reclassified to Category 5, and inbound demand also increased. However, in addition to surging crude oil prices resulting from the prolonged Russia-Ukraine war and the Israel-Hamas conflict, rising prices and interest rates driven by the continuing depreciation of the yen, and continued disruption to the supply chains supporting the economy are putting pressure on corporate earnings as companies respond to diversifying geopolitical risks.」
In addition to the Russia-Ukraine situation, the Israel-Hamas conflict has been included, with pressure on corporate earnings from geopolitical risks through crude oil prices, the weaker yen, prices and interest rates, and supply chains continuing and expanding. - FY2024-Q2RestatedAnnual report
「In addition to rising prices and interest rates driven by surging crude oil prices resulting from the prolonged Russia-Ukraine situation and the continuing depreciation of the yen, continued disruption to the supply chains supporting the economy is putting pressure on corporate earnings as companies respond to diversifying geopolitical risks.」
The company continues to face pressure on corporate earnings from the Russia-Ukraine situation, crude oil prices, the weaker yen, rising prices and interest rates, and supply chain disruption. - FY2024-Q1RestatedAnnual report
「In addition to rising prices and interest rates driven by surging crude oil prices and the weaker yen resulting from the prolonged Russia-Ukraine situation, continued disruption to the supply chains supporting the economy is putting pressure on corporate earnings as companies respond to diversifying geopolitical risks.」
The company has continued to describe pressure on corporate earnings from the Russia-Ukraine situation, crude oil prices, the weaker yen, rising prices and interest rates, and supply chain disruption. - FY2023WorsenedAnnual report
「In addition to rising inflationary pressure against the backdrop of soaring crude oil prices due to the protracted situation between Russia and Ukraine, rapid interest rate increases, yen depreciation, and the impact of airspace restrictions on international logistics, the need to address increasingly diverse geopolitical risks is putting pressure on corporate earnings, amid expectations that disruption to the supply chain supporting the economy will continue.」
The company has continued to describe, for the full fiscal year, the pressure on corporate earnings from the effects of crude oil prices, interest rates, the weaker yen, international logistics and supply chains resulting from the Russia-Ukraine situation. - FY2023-Q3WorsenedAnnual report
「In addition to rising inflationary pressure driven by surging crude oil prices resulting from the prolonged Russia-Ukraine situation, sharp increases in interest rates and the depreciation of the yen, the impact of restrictions on airspace on international logistics and continued disruption to the supply chains supporting the economy are putting pressure on corporate earnings as companies respond to diversifying geopolitical risks.」
Pressure on corporate earnings from the Russia-Ukraine situation, crude oil prices, rising interest rates, the weaker yen, international logistics and supply chain disruption has continued and become more pronounced. - FY2023-Q2WorsenedAnnual report
「In addition, the depreciation of the yen, surging crude oil prices resulting from the prolonged Russia-Ukraine situation and the impact of restrictions on airspace on international logistics are expected to cause continued disruption to the supply chains supporting the economy.」
The Russia-Ukraine situation, crude oil prices, air transport and supply chain risks have continued, with specific impacts from the weaker yen and international logistics. - FY2023-Q1WorsenedAnnual report
「In addition, the depreciation of the yen, surging crude oil prices resulting from the Russia-Ukraine situation and the impact of restrictions on airspace on international logistics are expected to cause further disruption to the supply chains supporting the economy.」
The Russia-Ukraine situation, crude oil prices, air transport and supply chain risks identified in the previous fiscal year have continued, with specific impacts from the weaker yen and international logistics. - FY2022First statedAnnual report
「Tensions surrounding Russia and Ukraine remain heightened. There are also concerns about the impact on international logistics from soaring crude oil prices and the potential restriction of airspace for flights to Europe, and further disruption is expected in the supply chain supporting the economy.」
The company has disclosed the impact on international logistics and supply chains of the Russia-Ukraine situation, surging crude oil prices and the potential restriction of flights as new external risks.