Deterioration in the business environment due to high crude oil prices, the Russia-Ukraine situation, and supply chain stagnation
First written in FY2023-Q1. 9 of 11 entries say "Reframed", first in FY2023-Q3. Latest entry: FY2026.
G-Next moved to the "Worse" side of this theme in 2022, 2 years before the typical company in this theme (2024).
The whole theme swung hardest in 2022: 22 of 37 companies on the "Worse" side.
5 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「During the fiscal year, the Japanese economy continued to recover gradually as employment and income conditions improved, but the outlook remained uncertain due to heightened tensions in the Middle East and rising prices resulting from the weaker yen.」
The company updated its description of the factors contributing to the uncertain external environment from energy prices, the situation in Ukraine and U.S. trade policy to a focus on escalating tensions in the Middle East and rising prices caused by yen depreciation. - 2026-05-14ReframedOccurring Fact
「The outlook remains uncertain due to heightened tensions in the Middle East and rising prices caused by the weaker yen.」
The description of external uncertainties was updated from the previous focus on U.S. trade policy and other factors to heightened tensions in the Middle East and rising prices caused by yen depreciation. - FY2026-H1ReframedAnnual report
「During the interim accounting period, the Japanese economy showed a gradual recovery against a backdrop of improving employment and income conditions. However, concerns about the impact of rising prices caused by yen depreciation and the effects of U.S. trade policy mean that the outlook for the economy remains uncertain.」
The company updated its description of the factors contributing to the uncertain external environment from the previously cited energy prices and the situation in Ukraine to rising prices caused by yen depreciation and the effects of U.S. trade policy. - FY2025ReframedAnnual report
「While a gradual economic recovery is expected in the current fiscal year due to improvements in employment and income conditions, the outlook remains uncertain, partly because of rising domestic prices and the impact of U.S. policy developments.」
The company updated its description of the factors contributing to the uncertain external environment from the previously cited situation in Ukraine and energy prices to a focus on rising domestic prices and U.S. policy developments. - FY2025-H1ReframedAnnual report
「During the interim accounting period, the Japanese economy remained uncertain going forward, with concerns about the impact on household finances of rising prices, including the rapid depreciation of the yen and soaring energy prices.」
The company described the uncertain external environment primarily in terms of rapid yen depreciation, soaring energy prices and the impact of rising prices on household finances. - FY2024-Q3ReframedAnnual report
「During the cumulative third quarter, the Japanese economy showed signs of a gradual recovery as social and economic activity moved toward normalisation following the easing of restrictions on activities related to COVID-19. On the other hand, concerns remain about the impact of rising prices, including soaring energy prices, on household finances, and conditions remain uncertain going forward.」
The company updated its description of the factors contributing to the uncertain external environment from the yen depreciation and the situation in Ukraine cited in the previous quarter to a focus on soaring energy prices and the impact of rising prices on household finances. - FY2024-Q2ReframedAnnual report
「During the cumulative second quarter, the Japanese economy showed signs of a gradual recovery in economic activity, supported by the easing of restrictions on activities related to COVID-19 and the effects of various policies. On the other hand, concerns remain about the progress of yen depreciation, the prolonged invasion of Ukraine, soaring energy prices and the impact of rising prices on household finances, and conditions remain uncertain going forward.」
While referring to a gradual recovery in economic activity, the company updated the factors contributing to the uncertain external environment to the progress of yen depreciation, the prolonged invasion of Ukraine, soaring energy prices and the impact of rising prices on household finances. - FY2024-Q1ReframedAnnual report
「During the cumulative first quarter of the fiscal year, economic activity showed signs of a gradual recovery in Japan following the easing of restrictions on activities related to COVID-19. However, the prolonged situation in Ukraine, soaring energy prices and concerns about the impact of rising prices on households have left the outlook uncertain.」
The company updated its description of the factors behind the uncertain external environment from the previously cited monetary tightening and downturns in overseas economies to the prolonged situation in Ukraine, soaring energy prices and the impact of rising prices on household finances. - FY2023-Q3ReframedAnnual report
「On the other hand, the downturn in overseas economies against a backdrop of global monetary tightening and other factors has also affected the Japanese economy. Concerns remain about the impact of rising prices on household finances and supply-side constraints, and conditions remain uncertain going forward.」
The company updated its description of the specific factors behind the uncertain external environment from the previously cited high crude oil prices and the Russia-Ukraine situation to global monetary tightening, a downturn in overseas economies, rising prices and supply-side constraints. - FY2023-Q2WorsenedAnnual report
「During the cumulative first six months of the fiscal year, the Japanese economy remained uncertain. Normalization progressed as restrictions on activities were eased, but the rapid depreciation of the yen, soaring global crude oil prices, the Russia-Ukraine situation, higher resource prices caused by supply chain disruptions and stagnation in the global economy also affected conditions.」
In addition to the previously disclosed high crude oil prices, the Russia-Ukraine situation and supply chain disruptions, the company specified rapid yen depreciation as an external factor. - FY2023-Q1First statedAnnual report
「The business environment remains uncertain, partly due to higher resource prices resulting from soaring global crude oil prices, the Russia-Ukraine situation and supply chain disruptions, as well as the stagnation of the global economy.」
For the first time, the company specifically described soaring crude oil prices, the Russia-Ukraine situation, supply chain disruptions, higher resource prices and global economic stagnation as external conditions during the quarter.