Impact of Geopolitical Factors on Supply Chains, Resource Prices and IT Investment
First written in FY2022. 7 of 16 entries say "Restated". Latest entry: 2026-10-14.
WingArc1st 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 2022: 22 of 37 companies on the "Worse" side.
15 other companies' latest entry also says "Restated".
- 2026-10-14RestatedEarnings
「各国の通商政策の動向、中国経済の減速懸念、中東情勢等の地政学リスクなど、世界経済の先行きを左右する不確実性が継続しております。」
通商政策、中国経済、中東情勢等による外部環境上の不確実性を引き続き記載した。 - FY2027-H1RestatedAnnual report
「At the same time, uncertainty remains regarding the outlook, including the impact of continued inflation on personal consumption, energy price trends against the backdrop of the situation in the Middle East, and volatility in financial and capital markets. Overseas economies have remained resilient, supported in part by expanding AI-related demand, but uncertainty affecting the outlook for the global economy continues, including developments in the trade policies of various countries, concerns over a slowdown in the Chinese economy and geopolitical risks such as the situation in the Middle East.」
The company states that uncertainty continues regarding prices, energy prices, financial and capital markets, trade policies, the Chinese economy and the situation in the Middle East. - FY2026WorsenedAnnual report
「In overseas economies, while growth remains firm globally, concerns about the outlook are increasing, including uncertainty over oil supplies following the outbreak of the Iran war, geopolitical risks in the Middle East, Ukraine and elsewhere, and concerns about a slowdown in the Chinese economy.」
Added uncertainty over oil supplies resulting from the Iran war to the description of geopolitical risks, broadening the factors weighing on overseas economies to include the situations in the Middle East and Ukraine and concerns about a slowdown in the Chinese economy. - 2026-04-09WorsenedEarnings
「At the same time, concerns about the outlook are increasing, including uncertainty over oil supplies following the outbreak of war with Iran, geopolitical risks in the Middle East and Ukraine, and concerns about a slowdown in the Chinese economy.」
The discussion of the external environment cited the war with Iran, uncertainty over oil supplies and concerns about a slowdown in the Chinese economy as factors increasing uncertainty about the outlook. - FY2026-H1Explicit identification of factors weighing on overseas economiesAnnual report
「Meanwhile, uncertainty surrounding the U.S. interest-rate and trade policies, signs of a slowdown in the Chinese economy, and foreign exchange and import-export conditions stemming from the situations in Ukraine and the Middle East are weighing on the economy from the second half onward.」
Explicitly identified as external-environment risks the possibility that U.S. interest-rate and trade policies, the Chinese economy, and the situations in Ukraine and the Middle East could weigh on the economy from the second half onward through foreign exchange and import-export conditions. - FY2025WorsenedAnnual report
「Disruptions to international supply chains and higher resource prices caused by geopolitical factors, stagnation in the Japanese economy resulting from recessions overseas, including in the United States and China, a substantial decline in IT investment by Japanese companies, and other deterioration in market conditions could affect the Group's business performance and financial condition.」
In addition to its previous discussion of Ukraine, the Middle East and the Chinese economy, the company cites U.S. trade policy, stagnation in China's real estate market and recessions in overseas economies, broadening the scope of external economic risks. - FY2025-H1Uncertainty due to weakness in the U.S. employment environmentAnnual report
「Meanwhile, although the overseas economy has become more uncertain as weakness has emerged in the U.S. employment environment, the economy itself is considered to be resilient.」
Regarding the overseas economy, the company states that uncertainty has increased as weakness has emerged in the U.S. employment environment, while also expressing the view that the economy itself remains resilient. - FY2025-Q1SoftenedAnnual report
「Although exceptional demand during the COVID-19 period, such as demand for remote work and paperless operations, has subsided, investment related to digital transformation (DX) and cloud migration is advancing in the corporate IT market to which the Group belongs, and strong systems investment, particularly among large companies, continues.」「Although various risks remain in overseas economies, strong demand, particularly in the United States, continues, and the recovery trend is expected to continue.」
Although it notes that exceptional COVID-19 demand has subsided, the company describes continued strong domestic systems investment and overseas demand, particularly in the United States, emphasizing the recovery aspect of the external economic environment more than in the previous fiscal year. - FY2024WorsenedAnnual report
「Geopolitical risks remain significant, including the downturn in the Chinese economy stemming from the real estate recession, the protracted Russian invasion of Ukraine and armed conflict in the Middle East, potentially affecting Japan's economy.」
The company cites the downturn in the Chinese economy, armed conflict in the Middle East and the protracted invasion of Ukraine, broadening the scope of geopolitical and overseas economic risks. - FY2024-Q3RestatedAnnual report
「Meanwhile, the U.S. economy has shown signs of slowing due to the impact of rapid monetary tightening, while the overseas economy has become uncertain due to the Chinese economy and the situation in the Middle East.」
Monetary tightening in the United States and uncertainty in the overseas economy due to the Chinese economy and the situation in the Middle East are cited as continuing external risks. - FY2024-Q2RestatedAnnual report
「During the six-month period ended 31 August 2023 (1 March 2023–31 August 2023), Japan's economic environment continued to recover moderately, supported by strong exports, a recovery in inbound demand and improving employment conditions. Meanwhile, risks of an economic slowdown remain, including monetary tightening in Europe and the United States, the resulting historically weak yen and uncertainty over the outlook for the Chinese economy.」
While describing a recovery in the domestic economy, the company states that risks of an economic slowdown remain due to monetary tightening in Europe and the United States, yen depreciation and uncertainty over the outlook for the Chinese economy. - FY2024-Q1RestatedAnnual report
「Although the overseas economy faces a risk of slowdown due to energy problems in Europe, further rate hikes in the United States and heightened uncertainty from geopolitical risks, domestic economic recovery is expected to continue as income and employment conditions improve.」
While continuing to cite the risk of a slowdown in the overseas economy due to Europe's energy problems, additional U.S. rate hikes and geopolitical risks, the company expects the domestic economy to continue recovering. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended 30 November 2022 (1 March 2022–30 November 2022), Japan's economic environment was characterized by rising manufacturing costs against a backdrop of yen depreciation and higher resource prices, as well as increasing risks of an economic slowdown due to rapid monetary tightening overseas. Personal consumption and capital investment were beginning to recover, and the economy was on a moderate recovery trend under the “with COVID-19” environment.」
While continuing to cite higher manufacturing costs and economic slowdown risks resulting from yen depreciation, higher resource prices and monetary tightening overseas, the company described the domestic economy as being on a moderate recovery trend. - FY2023-Q2RestatedAnnual report
「The Group is gradually emerging from the impact of COVID-19 and economic activity is returning to normal. Meanwhile, energy and raw material prices have risen due to the war in Ukraine, and rapid monetary tightening overseas has driven the yen to historically weak levels.」「The domestic corporate goods price index in August 2022 was 9.0% above the same month of the previous year, reaching a record high.」
Higher energy and raw material prices resulting from the war in Ukraine, monetary tightening overseas, yen depreciation and a 9.0% year-on-year increase in the domestic corporate goods price index are cited as continuing external risks. - FY2023-Q1WorsenedAnnual report
「With no end to Russia's invasion of Ukraine in sight, supplies from Russia have fallen sharply due to the impact of economic sanctions, sending energy and raw material prices soaring worldwide. In addition, the United States has pursued monetary tightening through rapid policy rate increases to curb inflation. As a result, the Japan-U.S. interest-rate differential has widened and the yen has depreciated to historic levels.」「The May 2022 domestic corporate goods price index was 9.1% above the same month of the previous year, reaching a record high.」
Geopolitical factors have developed into supply declines, higher energy and raw material prices, monetary tightening and a historically weak yen, while the domestic corporate goods price index has risen 9.1% year on year. - FY2022First statedAnnual report
「Overseas, Russia's invasion of Ukraine began in February 2022, raising geopolitical risks and affecting supplies of resources and grain. Inflation resulting from higher raw material prices is a concern, potentially adversely affecting the domestic economy.」
Russia's invasion of Ukraine and its impact on resource and grain supplies were described as actual environmental changes, while the impact on business performance through inflation and a decline in domestic IT investment was identified as a new risk.