Economic Uncertainty Due to the Situation in Ukraine and Rising Prices
First written in FY2023-Q3. 2 of 9 entries say "Restated". Latest entry: 2026-08-10.
The whole theme swung hardest in 2025: 22 of 48 companies on the "Worse" side.
32 other companies' latest entry also says "Restated".
- 2026-08-10RestatedFinancial results
「However, inflation has persisted, including in essential goods, due to higher raw material and energy prices resulting from geopolitical risks, the continued historically weak yen and rising labor costs accompanying a worsening labor shortage. This has made the polarization of consumption more pronounced as real wages have stagnated, and the outlook therefore remains uncertain.」
The company continues to describe uncertainty about the economic outlook, citing geopolitical risks, yen depreciation, rising prices, labor shortages and higher labor costs as contributing factors. - FY2026-H1Re-emergence and change in uncertainty factorsAnnual report
「Although Japan's economy remained on a gradual recovery path during the current interim consolidated accounting period, it continued to face an uncertain outlook because of rising prices, developments in monetary policy and uncertainty in overseas economies.」
Economic uncertainty, which was no longer directly mentioned in FY2025, has been stated again. The uncertainty factors have shifted from the situation in Ukraine, which had previously been the main focus, to rising prices, monetary policy and uncertainty in overseas economies. - 2026-05-12OtherFinancial results
「The outlook remained uncertain due to the effects of rising prices, trends in monetary policy and uncertainty in overseas economies.」
Rather than referring to the situation in Ukraine and other factors as in previous disclosures, the company identifies rising prices, monetary policy and uncertainty in overseas economies as factors contributing to the uncertain outlook. - FY2025DroppedAnnual report
「In recent years, COVID-19 had a significant impact on our group. However, we consider it to have been a temporary factor and have determined that, at present, there is basically no need to review our management policies, management strategies or other matters.」
Direct references to economic uncertainty caused by the situation in Ukraine, rising prices and financial conditions have disappeared. The impact of COVID-19 is classified as a temporary factor. - FY2025-H1Change in uncertainty factorsAnnual report
「During the current interim consolidated accounting period, prices continued to rise as higher labor and resource costs were passed on to selling prices. However, the economy generally remained on a gradual recovery path, supported by expanding inbound demand and improvements in employment and income conditions. Nevertheless, the outlook remains uncertain because of US policy developments and unstable financial conditions in Japan and overseas.」
While price increases continue, US policy developments and financial conditions in Japan and overseas are cited as factors contributing to an uncertain outlook, replacing the previous direct references to the situation in Ukraine. - FY2024-Q2SoftenedAnnual report
「During the second quarter of the current consolidated cumulative period, Japan's economy continued on a gradual recovery path. The effects of COVID-19 on social activity and disruptions in domestic energy conditions caused by the global rise in energy prices also began to ease, while signs of gradual inflation accompanied by wage increases emerged domestically as global inflationary pressures spread.」
Disruptions in energy conditions are said to have eased, and the economy is described as being on a gradual recovery path. Direct references to the situation in Ukraine have disappeared, while signs of gradual inflation accompanied by wage increases remain. The disclosure does not state that the risks have disappeared. - FY2024-Q1SoftenedAnnual report
「During the first quarter of the current consolidated cumulative period, Japan's economy continued on a gradual recovery path, centered on domestic demand, as the sharp post-COVID rise in prices and exchange-rate fluctuations began to ease and inbound demand recovered steadily.」
The sharp rise in prices and exchange-rate fluctuations are said to have begun to ease, suggesting that economic uncertainty has weakened somewhat from the previous fiscal year. Meanwhile, construction material and labor costs remain elevated. - FY2023RestatedAnnual report
「During the current consolidated fiscal year, Japan's economy showed a broad-based recovery in economic activity as social conditions surrounding COVID-19 changed, despite concerns including surging energy prices and substantial price increases resulting from the prolonged situation in Ukraine and other factors.」
The prolonged situation in Ukraine and rising energy prices and inflation continue to be cited as concerns for the economic environment. - FY2023-Q3First statedAnnual report
「Meanwhile, the economic outlook remains uncertain, as the situation in Ukraine continues to deteriorate and prices remain elevated.」
The prolonged situation in Ukraine and rising prices are cited as factors contributing to an uncertain economic outlook.