Impact of the Russia-Ukraine Situation on Demand and Logistics
First written in FY2022. 2 of 5 entries say "Restated". Latest entry: FY2024.
0 other companies' latest entry also says "Dropped".
- FY2024DroppedAnnual report
「We determined that the item previously disclosed through last year, “Soaring raw material and energy prices,” would continue as a fundamental trend in the economy, including domestic price increases. Regarding “The impact of the Russia-Ukraine situation,” we secured a certain amount of domestic inventory of Russian raw materials and made progress in switching to alternative raw materials. As a result, these items were removed from the business and other risks.」
The item concerning the impact of the Russia-Ukraine situation was removed from the business and other risks because domestic inventories of Russian raw materials had been secured and the switch to alternative raw materials had progressed. - FY2023-Q3RestatedAnnual report
「During the third quarter of the current consolidated fiscal year (1 April 2022 to 31 December 2022), the global economy remained affected by unresolved economic and social disruption caused by COVID-19. Economic sanctions accompanying the prolonged Russian invasion of Ukraine, along with restrictions on activity under China's "zero-COVID" policy, further aggravated supply chain disruption. In addition, monetary tightening became the prevailing policy stance to contain rising inflation, increasing concerns about a global economic slowdown.」
The impact on the demand and logistics environment of the Russia-Ukraine situation, China's activity restrictions, economic sanctions, and inflation and monetary tightening continues to be described. - FY2023-Q2RestatedAnnual report
「During the second quarter of the current consolidated fiscal year (1 April 2022 to 30 September 2022), the global economy remained affected by unresolved economic and social disruption caused by COVID-19. Economic sanctions and restrictions on logistics routes accompanying the prolonged Russian invasion of Ukraine, along with restrictions on activity under China's "zero-COVID" policy, further aggravated supply chain disruption. In addition, monetary tightening became the prevailing policy stance to contain rising inflation, increasing concerns about a global economic slowdown.」
The prolonged Russia-Ukraine invasion, economic sanctions and restrictions on logistics routes, China's activity restrictions, and inflation were described as external factors that continue to affect the demand and logistics environment. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the current consolidated fiscal year (1 April 2022 to 30 June 2022), the global economy remained affected by unresolved economic and social disruption caused by COVID-19. Economic sanctions and restrictions on logistics routes accompanying the prolonged Russian invasion of Ukraine, along with restrictions on activity under China's "zero-COVID" policy, further aggravated supply chain disruption. Global inflation also progressed to levels described as the highest in 40 years.」
Regarding the Russia-Ukraine situation, it states that economic sanctions and restrictions on logistics routes accompanying the prolonged invasion exacerbated supply-chain disruptions, while global inflation also advanced. - FY2022First statedAnnual report
「Our group imports some raw materials from Russia, but these account for only a small proportion of our total raw materials, and the impact is limited. However, if the stagnation of exports of various goods from Russia causes the businesses of our group's customers to contract, this could affect our group's operating results.」
Although the impact of importing raw materials from Russia itself was described as limited, the contraction of customers' businesses due to stalled exports was identified as a new risk.