Risks of supply constraints and higher prices due to the Russia-Ukraine situation, lockdowns in China, and other factors
First written in FY2023-Q1. 5 of 10 entries say "Worsened", first in FY2023-Q2. Latest entry: FY2026.
Will Group moved to the "Worse" side of this theme in 2024, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 21 of 36 companies on the "Worse" side.
13 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Against a backdrop of geopolitical risks centered on the situation in the Middle East, the economic outlook remains uncertain, with crude oil prices, among other factors, staying elevated.」
In addition to the previously cited geopolitical risks, inflation and concerns about an economic slowdown, the company identified elevated crude oil prices stemming from the situation in the Middle East as an external-environment uncertainty factor. - FY2026-H1WorsenedAnnual report
「During the current interim consolidated accounting period, some regions showed signs of slowing as the impact of US trade policy spread and the post-tariff-hike reaction to front-loaded demand took effect. The outlook remains uncertain owing to geopolitical risks, and the company needs to continue monitoring these effects.」
In addition to the previously cited geopolitical risks, inflation and recession concerns, the company identified the expanding impact of US trade policy and the reaction following tariff-rate increases as sources of uncertainty for the global economy. - FY2025Added trade policy risksAnnual report
「The outlook remains uncertain owing to heightened tensions in the situation in Russia and Ukraine and the Middle East, and the impact of US trade policy, among other factors,」
In addition to the previously cited geopolitical risks, inflation and recession concerns, the company identified the impact of US trade policy as a new external-environment concern. - FY2025-H1WorsenedAnnual report
「During the current interim consolidated accounting period, expectations for a moderate economic recovery increased as supply constraints eased and inflation rates moderated in various countries. However, the outlook remained uncertain owing to the situation in Russia and Ukraine, heightened tensions in the Middle East, worsening conditions and weak demand in China's property market, concerns about a slowdown in the US economy and other factors,」
While expectations for a recovery arose from easing supply constraints and moderating inflation, the company identified the situation in Russia and Ukraine, the situation in the Middle East, worsening conditions and weak demand in China's property market, and concerns about a slowdown in the US economy as new sources of uncertainty. - FY2024-Q3Moderate global economic slowdown alongside expectations for recoveryAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the global economy slowed moderately owing to prolonged global inflation and other factors. Expectations for an economic recovery have increased as economies normalize after the COVID-19 pandemic, supply constraints ease and inflation rates moderate following the spread of living-with-COVID policies in various countries. However, the outlook remains uncertain because of the prolonged situation in Russia and Ukraine, the slowdown in China's economy and other factors.」
The company reported a moderate slowdown caused by prolonged global inflation, while also indicating expectations for an economic recovery driven by economic normalization, easing supply constraints and moderating inflation. Uncertainty stemming from the prolonged situation in Russia and Ukraine and the slowdown in China's economy continues. - FY2024-Q2Added the slowdown in China's economyAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the global economy remained uncertain, owing to the continuation of monetary tightening policies due to prolonged global inflation, the prolonged situation in Russia and Ukraine, and the slowdown in China's economy, among other factors.」
In addition to global inflation, monetary tightening, and the situation in Russia and Ukraine, the company identified the slowdown in China's economy as an external-environment concern. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the global economy remained uncertain, owing to concerns about a recession caused by monetary tightening in response to global inflation and the prolonged situation in Russia and Ukraine.」
The company continues to cite global inflation, concerns about a recession caused by monetary tightening, and the prolonged situation in Russia and Ukraine as external-environment concerns. - FY2023-Q3Supply constraints ease while recession concerns persistAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the lifting of lockdowns in China and the easing of supply constraints resulting from increased semiconductor production capacity supported a trend toward economic recovery. However, concerns about a recession have increased as monetary tightening has intensified, particularly in the United States and Europe. In Japan, domestic demand remained firm and the economy showed signs of a moderate recovery, but inflation caused by soaring resource and energy prices and the weaker yen has continued, leaving the outlook uncertain.」
While the lifting of lockdowns in China and the easing of supply constraints were noted, concerns about a recession caused by monetary tightening, soaring resource and energy prices, and inflation resulting from the weaker yen have continued. - FY2023-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the global economy remained uncertain, owing to soaring resource prices, sharp foreign-exchange fluctuations and the resulting inflation, among other factors.」
In addition to the previously cited situation in Russia and Ukraine, China's lockdowns and supply constraints, the company identified soaring resource prices, sharp foreign-exchange fluctuations and the resulting inflation as external-environment concerns. - FY2023-Q1First statedAnnual report
「The situation continues to require close monitoring, owing to the prolonged supply constraints resulting from the situation in Russia and Ukraine, China's lockdowns and other factors, as well as monetary tightening. In the factory outsourcing business, demand declined because of supply-chain disruptions, although」
The situation in Russia and Ukraine, China's lockdowns, monetary tightening and prolonged supply constraints were identified for the first time as external-environment risks. Supply-chain disruptions have affected the business in practice through lower demand in the factory business.