Disruption to the Global Economy from the Situation in Ukraine and Surging Resource and Energy Prices
First written in FY2022. 5 of 8 entries say "Worsened", first in FY2023-Q2. Latest entry: FY2026.
Neturen moved to the "Worse" side of this theme in 2022, 2 years before the typical company in this theme (2024).
The whole theme swung hardest in 2025: 45 of 80 companies on the "Worse" side.
49 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Overseas, elevated crude oil prices and energy costs, stemming from the prolonged slowdown in the Chinese economy and the conflict in Ukraine, have continued, alongside US tariff policies. Moreover, new uncertainties are increasing, including heightened geopolitical risks resulting from conflicts in the Middle East, and the outlook remains uncertain.」
While crude oil prices and energy costs remain elevated as a result of the conflict in Ukraine, new geopolitical uncertainties, including conflicts in the Middle East, have been added. - FY2024WorsenedAnnual report
「In Japan, the business environment surrounding the Group is expected to continue its gradual recovery as social and economic activity normalizes. However, uncertainty about the outlook is expected to persist, owing to persistently high energy and raw-material prices, higher import prices resulting from yen depreciation, and rising transportation costs associated with the 2024 logistics issue.」
In addition to geopolitical risks such as the conflict in Ukraine, persistently high energy and raw-material prices, yen depreciation, and higher transportation costs resulting from the 2024 logistics issue continue to be factors contributing to uncertainty. - FY2024-Q3RestatedAnnual report
「However, uncertainty about the outlook continued, amid the emergence of global geopolitical risks, including the prolonged conflict in Ukraine, persistently high raw-material and energy prices, and rising prices against the backdrop of yen depreciation.」
The prolonged conflict in Ukraine, global geopolitical risks, persistently high raw-material and energy prices, and rising prices against the backdrop of yen depreciation continue to be cited as factors contributing to uncertainty. - FY2024-Q2WorsenedAnnual report
「However, uncertainty about the outlook continued, amid the emergence of global geopolitical risks, including the prolonged conflict in Ukraine, persistently high raw-material and energy prices, and rising prices against the backdrop of yen depreciation.」
In addition to the prolonged conflict in Ukraine, the emergence of global geopolitical risks and rising prices against the backdrop of yen depreciation have continued to create uncertainty in the business environment. - FY2024-Q1RestatedAnnual report
「However, uncertainty about the outlook continued, amid concerns over the prolonged conflict in Ukraine, persistently high raw-material and energy prices, and the impact of global monetary tightening on economic conditions and foreign exchange markets.」
The prolonged conflict in Ukraine and persistently high raw-material and energy prices have continued, while the impact of global monetary tightening has also reaffirmed the uncertain outlook. - FY2023-Q3WorsenedAnnual report
「Moreover, disruption to the global economy surrounding the situation in Ukraine and the sharp depreciation of the yen caused by the widening interest-rate differential between Japan and the United States have worsened the business environment for companies, including by accelerating the rise in resource and energy prices.」
In addition to the situation in Ukraine, the sharp depreciation of the yen caused by the widening interest-rate differential between Japan and the United States has amplified the rise in resource and energy prices and continues to be a factor behind the deterioration in the business environment. - FY2023-Q2WorsenedAnnual report
「Moreover, disruption to the global economy surrounding the situation in Ukraine and the sharp depreciation of the yen have worsened the business environment for companies, including by accelerating the rise in resource and energy prices.」
In addition to the disruption to the global economy caused by the situation in Ukraine and the surge in resource and energy prices disclosed in the previous fiscal year, the sharp depreciation of the yen has amplified the price increases, and the deterioration in the business environment has continued. - FY2022First statedAnnual report
「Moreover, disruption to the global economy surrounding the situation in Ukraine has worsened the business environment for companies, including by accelerating the rise in resource and energy prices.」
It identifies disruption to the global economy caused by the situation in Ukraine and the resulting surge in resource and energy prices as new business-environment risks.