Soaring Resource Prices and Logistics Instability Associated with Russia's Invasion of Ukraine
First written in FY2022. 4 of 9 entries say "Restated". Latest entry: FY2026-H1.
Keyware Solutions moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
The whole theme swung hardest in 2022: 22 of 37 companies on the "Worse" side.
13 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「Meanwhile, the outlook remained uncertain against a backdrop including developments in US trade policy and deteriorating consumer sentiment due to continued price increases.」
As an external-environment risk, the company newly identified deterioration in consumer sentiment resulting from U.S. trade policy and continued inflation. - FY2025RestatedAnnual report
「The company believes that geopolitical risks, including developments surrounding the House of Councillors election scheduled for July this year, U.S. policy developments, the situation in Ukraine, the situation in the Middle East and military conflict between India and Pakistan, could have a significant impact on Japan's economic environment.」
The company identified the situations in Ukraine and the Middle East, U.S. policy, the House of Councillors election and military conflict between India and Pakistan as geopolitical risks. - FY2024-Q3Expansion of geopolitical risk coverageAnnual report
「Meanwhile, the outlook remained uncertain amid geopolitical risks related to Ukraine and the Middle East, downside risks to overseas economies resulting from global monetary tightening, soaring resource prices and price increases caused by the depreciation of the yen.」
In addition to the situation in Ukraine, the company explicitly identified the situation in the Middle East as a geopolitical risk and described it together with weaker overseas economic conditions, surging resource prices and price increases caused by yen depreciation. - FY2024-Q1RestatedAnnual report
「Meanwhile, in addition to downside risks to overseas economies stemming from geopolitical risks, including the situation in Ukraine, and global monetary tightening, resource prices rose sharply and prices increased due to the depreciation of the yen, and the outlook remained uncertain.」
The company continues to identify the situation in Ukraine, monetary tightening, weaker overseas economic conditions, surging resource prices and price increases caused by yen depreciation as external-environment risks. - FY2023RestatedAnnual report
「The impact of these factors on the Group's business and results is currently considered limited. However, the Group will continue to closely monitor market conditions and customer demand, and if circumstances arise in which they are expected to affect the Group's business or results, it will respond flexibly by changing its order-taking strategy and reallocating engineers.」
The company states that it will continue to monitor the impact of the situation in Ukraine and other factors on resource prices, logistics and IT investment, and respond by changing its order-taking strategy and reallocating engineers. - FY2023-Q3RestatedAnnual report
「Meanwhile, in addition to downside risks to overseas economies stemming from geopolitical risks, including the situation in Ukraine, and global monetary tightening, resource prices rose sharply and prices increased due to the depreciation of the yen, and the outlook remained uncertain.」
The company continues to identify the situation in Ukraine, monetary tightening, weaker overseas economic conditions, surging resource prices and price increases caused by yen depreciation as external-environment risks. - FY2023-Q2WorsenedAnnual report
「Meanwhile, in addition to downside risks to overseas economies stemming from geopolitical risks, including the situation in Ukraine, and global monetary tightening, resource prices rose sharply and prices increased due to the depreciation of the yen, and the outlook remained uncertain.」
The company identified the situation in Ukraine, global monetary tightening, weaker overseas economic conditions, surging resource prices and price increases caused by yen depreciation as external-environment risks. - FY2023-Q1WorsenedAnnual report
「Meanwhile, the outlook remained uncertain amid rising resource prices and supply chain disruptions resulting from the prolonged situation in Ukraine and the impact of restrictions on economic activity in China, as well as rising prices caused by the rapid depreciation of the yen.」
The company describes the prolonged situation in Ukraine, restrictions on China's economic activity, rising resource prices, supply chain stagnation and price increases caused by the rapid depreciation of the yen. - FY2022First statedAnnual report
「Regarding Russia's invasion of Ukraine, if surging prices for resources and grain and continued logistics instability due to the prolonged conflict were to affect global economic activity, this could lead to reduced willingness among private-sector companies to invest in IT.」
The company identified, for the first time, surging resource and grain prices and logistics instability resulting from the prolonged Russian invasion of Ukraine as risks that could lead to reduced customer willingness to invest in IT.