Downside risks to raw material prices, financial markets and supply conditions arising from the situation in Ukraine and other factors
First written in FY2022-Q2. 3 of 5 entries say "Worsened", first in FY2022-Q3. Latest entry: FY2025-H1.
PBsystems moved to the "Worse" side of this theme in 2025, 5 years after the typical company in this theme (2020).
The whole theme swung hardest in 2022: 105 of 135 companies on the "Worse" side.
75 other companies' latest entry also says "Worsened".
- FY2025-H1WorsenedAnnual report
「Although improvements in the employment and income environment and the effects of various policies are expected to support a gradual recovery, downside risks to the economy from the impact of U.S. trade policy have increased, and the situation requires even closer attention to the effects of volatility in the financial and capital markets and other factors.」
In addition to the existing geopolitical, supply and financial market risks, the Company indicated that downside risks to the economy from U.S. trade policy had increased. - FY2023-Q2RestatedAnnual report
「The outlook remains uncertain, with concerns over exchange-rate volatility and soaring resource prices accompanying the prolonged situation in Ukraine.」
The Company continued to disclose uncertainty in the external environment, citing exchange-rate volatility, the prolonged situation in Ukraine and concerns over soaring resource prices. - FY2022WorsenedAnnual report
「The uncertain outlook continued, with concerns over the impact on economic activity from ongoing semiconductor supply shortages, rising raw material prices due to the situation in Ukraine, and yen depreciation amid continued global monetary tightening.」
In addition to the situation in Ukraine, rising raw material prices and semiconductor shortages, yen depreciation under monetary tightening compounded the risks, and the uncertain business environment continued. - FY2022-Q3WorsenedAnnual report
「Close attention will need to be paid to downside risks arising from the prolonged situation in Ukraine, restrictions on economic activity under China’s zero-COVID policy, rising raw material prices, supply-side constraints including semiconductor shortages, and volatility in the financial and capital markets. We believe that uncertainty will continue.」
In addition to the existing risks related to the situation in Ukraine, raw material prices, financial markets and supply constraints, the prolonged situation, restrictions on China’s economic activity and semiconductor shortages compounded one another, increasing downside risks and uncertainty. - FY2022-Q2First statedAnnual report
「However, amid uncertainty arising from the situation in Ukraine and other factors, close attention will need to be paid to downside risks resulting from rising raw material prices, volatility in the financial and capital markets, supply constraints and other factors.」
The Company identified for the first time uncertainty arising from the situation in Ukraine and other factors, rising raw material prices, volatility in the financial and capital markets, and supply constraints as downside factors affecting performance.