Surging Resource Prices and Economic Uncertainty Due to the Russia-Ukraine Situation and Other Factors
First written in FY2022-Q2. 8 of 13 entries say "Restated". Latest entry: 2026-07-15.
Science Arts 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 2025: 45 of 80 companies on the "Worse" side.
50 other companies' latest entry also says "Restated".
- 2026-07-15RestatedEarnings
「The outlook remains uncertain due to inflation caused by the depreciation of the yen, developments in U.S. trade policy and the unstable international situation, among other factors.」
Inflation caused by yen depreciation, U.S. trade policy and the unstable international situation continue to be cited as factors contributing to uncertainty. - FY2026-H1ReframedAnnual report
「During the interim accounting period, the Japanese economy saw a gradual recovery, supported in part by the effects of various government policies as corporate earnings, employment conditions and the income environment improved. However, the outlook remains uncertain due to higher prices resulting from yen depreciation and other exchange-rate factors, developments concerning U.S. trade policy, and an unstable international situation.」
The wording has shifted from a focus on developments under the new U.S. administration to identifying developments concerning U.S. trade policy, higher prices resulting from yen depreciation, and an unstable international situation as sources of uncertainty. - FY2025-H1ReframedAnnual report
「During the interim accounting period, the Japanese economy saw a gradual recovery, supported in part by the effects of various government policies as corporate earnings, employment conditions and the income environment improved. However, the outlook remains uncertain due to higher prices resulting from yen depreciation and other exchange-rate factors, developments under the new U.S. administration, and an unstable international situation.」
The wording has shifted from a focus on the Russia-Ukraine situation and higher resource and fuel prices to identifying higher prices resulting from yen depreciation, developments under the new U.S. administration, and an unstable international situation as sources of uncertainty. - FY2024RestatedAnnual report
「However, the outlook for the economy remains uncertain due to substantial exchange-rate fluctuations resulting from the monetary policies of countries around the world, higher global resource and fuel prices resulting from the Russia-Ukraine situation, and the occurrence of the Noto Peninsula Earthquake, among other factors.」
Exchange-rate fluctuations, the Russia-Ukraine situation, higher resource and fuel prices, and economic uncertainty caused by the Noto Peninsula Earthquake continue to be disclosed. - FY2024-Q3RestatedAnnual report
「However, the outlook for the economy remains uncertain due to substantial exchange-rate fluctuations resulting from the monetary policies of countries around the world, higher global resource and fuel prices resulting from the Russia-Ukraine situation, and the occurrence of the Noto Peninsula Earthquake, among other factors.」
Exchange-rate fluctuations, the Russia-Ukraine situation, higher resource and fuel prices, and economic uncertainty caused by the Noto Peninsula Earthquake continue to be identified as business-environment risks. - FY2024-Q2Addition of natural-disaster factorsAnnual report
「However, the outlook for the economy remains uncertain due to exchange-rate volatility resulting from the monetary policies of countries around the world, higher global resource and fuel prices resulting from the Russia-Ukraine situation, and the occurrence of the Noto Peninsula Earthquake, among other factors.」
In addition to the previously identified exchange-rate fluctuations, the Russia-Ukraine situation, and higher resource and fuel prices, the occurrence of the Noto Peninsula Earthquake was identified as a source of economic uncertainty. The earthquake itself is mentioned, but no specific impact on the company’s performance is indicated. - FY2024-Q1RestatedAnnual report
「However, the outlook for the economy remains uncertain due to exchange-rate volatility resulting from the impact of monetary policies in countries around the world, including U.S. interest-rate hikes, and higher global resource and fuel prices resulting from the Russia-Ukraine situation, among other factors.」
Exchange-rate volatility, higher resource and fuel prices resulting from the Russia-Ukraine situation, and economic uncertainty continue to be identified as business-environment risks. - FY2023RestatedAnnual report
「The outlook for the economy remains uncertain due to exchange-rate volatility caused by the rapid depreciation of the yen and higher global resource and fuel prices resulting from the Russia-Ukraine situation, among other factors.」
The rapid depreciation of the yen, the Russia-Ukraine situation, higher resource and fuel prices, and economic uncertainty continue to be identified as business-environment factors. - FY2023-Q3RestatedAnnual report
「The outlook for the economy remains uncertain due to exchange-rate volatility caused by the rapid depreciation of the yen and higher global resource and fuel prices resulting from the Russia-Ukraine situation, among other factors.」
The rapid depreciation of the yen, higher resource and fuel prices resulting from the Russia-Ukraine situation, and uncertainty over the economic outlook continue to be identified as business-environment factors. - FY2023-Q2RestatedAnnual report
「The outlook for the economy remains uncertain due to exchange-rate volatility caused by the rapid depreciation of the yen and higher global resource and fuel prices resulting from the Russia-Ukraine situation, among other factors.」
The rapid depreciation of the yen, higher resource and fuel prices resulting from the Russia-Ukraine situation, and uncertainty over the economic outlook continue to be identified as business-environment factors. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter of the current fiscal year, the Japanese economy began to show signs of recovery in economic activity as COVID-19 vaccinations progressed. However, the outlook for the economy remains uncertain due to exchange-rate volatility caused by the rapid depreciation of the yen and higher global resource and fuel prices resulting from the Russia-Ukraine situation, among other factors.」
The rapid depreciation of the yen, higher resource and fuel prices resulting from the Russia-Ukraine situation, and economic uncertainty continue to be disclosed. - FY2022-Q3WorsenedAnnual report
「During the cumulative third quarter of the current fiscal year, the Japanese economy began to show signs of recovery in economic activity as COVID-19 vaccinations progressed. However, the outlook for the economy remains uncertain due to exchange-rate volatility caused by the rapid depreciation of the yen and higher global resource and fuel prices resulting from the Russia-Ukraine situation, among other factors.」
In addition to the previously identified increases in resource and fuel prices resulting from the Russia-Ukraine situation, exchange-rate volatility caused by the rapid depreciation of the yen has been identified as a source of uncertainty in the business environment, broadening the range of risk factors. - FY2022-Q2First statedAnnual report
「In addition, the outlook for the economy remains uncertain, due to higher global resource and fuel prices resulting from developments in the Russia-Ukraine situation and other factors.」
Developments in the Russia-Ukraine situation, higher resource and fuel prices, and uncertainty over the economic outlook have been newly identified as business-environment risks.