Risk of an Economic Slowdown Due to the Situation in Ukraine
First written in FY2023-Q2. 2 of 4 entries say "Worsened", first in FY2026. Latest entry: FY2027-H1.
Eltes moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 45 of 78 companies on the "Worse" side.
36 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「Japan’s economic environment during the interim consolidated accounting period recovered gradually as employment and income conditions improved against a backdrop of resilient corporate earnings and continued wage increases. However, the outlook remains uncertain due to changes in the financial environment, including geopolitical risks associated with the tense situation in the Middle East, continued price increases, and fluctuations in foreign exchange rates and interest rates.」
In addition to the situation in Ukraine and other factors, the company identifies the tense situation in the Middle East as an external risk, specifying geopolitical risk. - FY2026WorsenedAnnual report
「The outlook remains uncertain due to heightened geopolitical risks arising from an unstable global situation, the impact of US tariffs, rising prices and volatility in the financial markets.」
The company identifies geopolitical risks, US tariffs, rising prices and volatility in the financial markets as external factors contributing to the uncertain outlook. - FY2024-Q1RestatedAnnual report
「The global economy continues to face uncertainty due to the prolonged situation in Ukraine and other factors, including rising prices, supply restrictions and volatility in the financial and capital markets.」
The company continues to describe the prolonged situation in Ukraine, rising prices, supply restrictions and volatility in the financial and capital markets as uncertain external factors. - FY2023-Q2First statedAnnual report
「In addition to the uncertain outlook caused by the impact of COVID-19, an economic slowdown stemming from the situation in Ukraine was anticipated, leaving the future outlook difficult to predict.」
The company describes an economic slowdown stemming from the situation in Ukraine as an external factor making the outlook difficult to predict.