Concerns over economic downside from the Ukraine situation, high resource prices and yen depreciation
First written in FY2022. 5 of 9 entries say "Reframed", first in FY2024-Q1. Latest entry: 2026-08-06.
Resol Holdings moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 28 of 39 companies on the "Worse" side.
15 other companies' latest entry also says "Reframed".
- 2026-08-06ReframedResults
「一方で、中東情勢などの地政学的リスクや物価上昇など、先行き不透明な状況が続いており、今後はコストの上昇や訪日外国人旅行者数の変動がリスク要因となる可能性があります。」
外部環境リスクについて、中東情勢・物価上昇に加え、コスト上昇と訪日外国人旅行者数の変動を具体的なリスク要因として示している。 - FY2026ReframedAnnual report
「Although the outlook remains uncertain regarding the impact of the situation in the Middle East and fluctuations in demand from China for travel to Japan, which had been areas of concern, their impact during the consolidated fiscal year under review was limited.」
The disclosure of external risks, including the situation in Ukraine, high resource prices and yen depreciation, has been expanded to include the situation in the Middle East and fluctuations in demand from visitors to Japan from China, while stating that the impact in the current fiscal year is limited. - FY2025-H1ReframedAnnual report
「Against a backdrop of the prolonged situation in Ukraine and instability in the international situation surrounding the Middle East, resource prices and energy costs remain elevated. Concerns over a slowdown in the Chinese economy, exchange-rate trends and rising prices also mean that the outlook remains uncertain.」
In addition to the existing risks of international instability, high resource prices and energy costs, specific factors have been added, including a slowdown in the Chinese economy, exchange-rate trends and rising prices. - FY2024-Q2ReframedAnnual report
「Although some risks of an economic downturn are emerging, including higher raw material and other costs due to prolonged instability in international conditions, global monetary tightening and restrained consumption resulting from a rapid increase in prices,」
In addition to the previously cited international conditions, higher raw material costs and monetary tightening, restrained consumption due to rapidly rising prices was identified as a specific risk of an economic downturn. - FY2024-Q1ReframedAnnual report
「Although uncertainty about the outlook continues due to higher raw material and other costs against a backdrop of prolonged instability in international conditions and the effects of global monetary tightening,」
The description of risk factors was updated from the previous specific references to the situation in Ukraine, higher resource prices and yen depreciation to international conditions, higher raw material costs and global monetary tightening. - FY2023-Q3RestatedAnnual report
「Although the outlook remains uncertain due to higher energy and raw-material costs and sharp exchange-rate fluctuations resulting from instability in international affairs, signs of recovery have emerged in the environment surrounding the Group, including a recovery in people flows and a trend toward higher inbound demand.」
While continuing to identify risks from higher energy and raw material costs and exchange-rate fluctuations, the Company also described improving conditions due to the recovery in foot traffic and an increase in inbound demand. - FY2023-Q2WorsenedAnnual report
「Risks of an economic downturn are also increasing, including higher costs for energy, raw materials and other items due to the destabilization of international conditions, as well as rapid yen depreciation,」
In addition to the previously identified uncertainties concerning international conditions and rising prices, higher energy and raw material costs and rapid yen depreciation were explicitly identified as risks of an economic downturn, with the increase in risk also noted. - FY2023-Q1RestatedAnnual report
「Although uncertainty about the outlook remains due to concerns over the spread of infections caused by new variants and rising prices resulting from the impact of international conditions,」
The uncertainties concerning a renewed spread of infectious diseases, international conditions and rising prices identified since the previous fiscal year continue to be reported. - FY2022First statedAnnual report
「Since the beginning of the year, concerns over another economic downturn have intensified as resource prices rose and the yen depreciated more rapidly amid the sixth wave of infections and heightened tensions surrounding the situation in Ukraine.」
The heightened tensions surrounding the situation in Ukraine, higher resource prices and accelerated yen depreciation were described as new external environmental factors contributing to concerns over an economic downturn.