Downside Risks to Economic Conditions from the Situation in Ukraine and Other Factors
First written in FY2022-Q1. 5 of 9 entries say "Restated". Latest entry: FY2025-H1.
rakumo moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 28 of 39 companies on the "Worse" side.
15 other companies' latest entry also says "Reframed".
- FY2025-H1ReframedAnnual report
「Looking ahead, although a gradual recovery is expected to continue, the persistence of higher prices may weigh on private consumption through a deterioration in consumer sentiment, posing a downside risk to Japan's economy. We also need to pay close attention to the effects of volatility in financial and capital markets and U.S. trade policy, and the outlook remains uncertain.」
The wording shifted from an explanation focused primarily on the situation in Ukraine, supply constraints and the situation in the Middle East to one focused on downside risks to the economy arising from higher prices, private consumption, financial markets and U.S. trade policy. - FY2024-Q1RestatedAnnual report
「Looking ahead, a gradual recovery is expected to continue, partly due to the effects of various government policies. However, a downturn in overseas economies, including the effects of global monetary tightening and concerns about the outlook for China's economy, poses a downside risk to Japan's economy. We also need to pay close attention to the effects of higher prices, developments in the Middle East and volatility in financial and capital markets, and the outlook remains uncertain.」
The company reconfirmed downside risks to the economy and uncertainty arising from global monetary tightening, China's economy, higher prices, the situation in the Middle East and volatility in financial and capital markets. - FY2023Middle East situation addedAnnual report
「We also need to pay close attention to the effects of higher prices, developments in the Middle East and volatility in financial and capital markets, and the outlook remains uncertain.」
In addition to the previously cited monetary tightening, overseas economies and China's economy, the company identified developments in the Middle East as a factor requiring attention in the external environment. - FY2023-Q3RestatedAnnual report
「The effects of global monetary tightening and concerns about the outlook for China's economy, among other factors, mean that a downturn in overseas economies poses a downside risk to Japan's economy. We also need to pay close attention to the effects of higher prices and volatility in financial and capital markets, and the outlook remains uncertain.」
In addition to global monetary tightening, a downturn in overseas economies, higher prices and volatility in financial and capital markets, the company identified concerns about the outlook for China's economy as an external-environment risk. - FY2023-Q1RestatedAnnual report
「Meanwhile, as global monetary tightening continues, a downturn in overseas economies poses a downside risk to Japan's economy. We also need to pay close attention to the effects of higher prices, supply-side constraints and volatility in financial and capital markets, and the outlook remains uncertain.」
The company continued to cite uncertainty arising from global monetary tightening, a downturn in overseas economies, higher prices, supply constraints and volatility in financial and capital markets. - FY2022RestatedAnnual report
「Meanwhile, as global monetary tightening continues, a downturn in overseas economies poses a downside risk to Japan's economy. We also need to pay close attention to the effects of higher prices, supply-side constraints and volatility in financial and capital markets, and the outlook remains uncertain.」
The company continued to cite uncertainty arising from monetary tightening, a downturn in overseas economies, higher prices, supply constraints and volatility in financial and capital markets. - FY2022-Q3RestatedAnnual report
「Meanwhile, as global monetary tightening continues, we need to pay close attention to the effects of higher prices, supply-side constraints and volatility in financial and capital markets, and the outlook remains uncertain.」
While stating that the economy had gradually recovered, the company continued to cite higher prices, supply constraints and volatility in financial and capital markets as downside factors, along with persistent uncertainty. - FY2022-Q2WorsenedAnnual report
「Looking ahead, despite the downside risks from higher prices, supply-side constraints, a protracted situation in Ukraine and volatility in financial and capital markets, infectious diseases have also begun to spread again, leaving the outlook uncertain.」
The company identified downside factors including a protracted situation in Ukraine and the renewed spread of infectious diseases, stating that uncertainty in the external environment had increased. - FY2022-Q1First statedAnnual report
「Meanwhile, amid uncertainty stemming from the situation in Ukraine and other factors, we need to closely monitor downside risks arising from higher raw-material prices, volatility in financial and capital markets, supply-side constraints and other factors, as well as the impact of infectious diseases.」
For the first time, the situation in Ukraine, higher raw-material prices, volatility in financial and capital markets, and supply-side constraints were identified as downside factors for the economy.