Business environment risks from higher US tariffs and the situations in Ukraine and the Middle East
First written in FY2025. 2 of 3 entries say "Worsened", first in 2026-05-14. Latest entry: FY2026.
Fujisash moved to the "Worse" side of this theme in 2026, 6 years after the typical company in this theme (2020).
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
76 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Various factors have become more pronounced, including the tense situation in the Middle East, such as the military conflict between the United States and Iran and the associated maritime blockade of the Strait of Hormuz, the ongoing depreciation of the yen and soaring energy prices, further increasing uncertainty in the Japanese economy.」
In addition to existing geopolitical risks, the military conflict between the United States and Iran, the closure of the Strait of Hormuz, the depreciation of the yen and soaring energy prices became more pronounced, increasing uncertainty in the business environment. - 2026-05-14WorsenedRevision of earnings forecasts
「Various factors have become increasingly pronounced, including the military conflict between the United States and Iran and the resulting maritime blockade of the Strait of Hormuz, the ongoing depreciation of the yen, and soaring energy prices, further increasing uncertainty in the Japanese economy.」
Regarding external environment risks, the company describes new developments including the military conflict between the United States and Iran and the blockade of the Strait of Hormuz, stating that uncertainty in the Japanese economy has intensified. - FY2025First statedAnnual report
「Geopolitical risks continue, including higher import tariffs in the United States, the protracted situation in Ukraine and instability in the Middle East, continuing to affect Japan through higher prices, foreign exchange risks and soaring prices for various materials.」
The company listed higher US import tariffs, the protracted situation in Ukraine and instability in the Middle East as new external risks, stating that they have affected domestic prices, foreign exchange rates and material prices.