Rapid changes in the business environment caused by soaring logistics costs, inflation, conflicts, and other factors
First written in FY2022. 4 of 8 entries say "Worsened", first in FY2023-Q1. Latest entry: FY2026-H1.
Ntn 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 2022: 6 of 12 companies on the "Worse" side.
3 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「The Japanese economy recovered moderately, as signs of improvement emerged in private consumption and capital investment, although the impact of U.S. trade policies and other factors was evident, particularly in the automotive industry.」
The company states that the impact of U.S. trade policies was evident mainly in Japan’s automotive industry, making trade policy risk a specific factor in the economic environment for the period. - FY2024-Q3WorsenedAnnual report
「During the cumulative third-quarter consolidated period (1 April 2023 to 31 December 2023), the global economy continued to recover, but remained uncertain amid the situations in Ukraine and the Middle East, energy market conditions, rising prices and global monetary tightening, among other factors.」
While economic activity continued to recover, uncertainty caused by the situations in Ukraine and the Middle East, energy market conditions, rising prices and monetary tightening continued, with the situation in the Middle East identified as an additional source of uncertainty. - FY2024-Q2RestatedAnnual report
「During the cumulative second-quarter consolidated period (1 April 2023 to 30 September 2023), the global economy continued to recover, but remained uncertain amid supply chain disruptions, the situations in Ukraine and the energy market, rising prices and global monetary tightening, among other factors.」
While the global economy continued to recover, uncertainty caused by supply chain disruptions, the situations in Ukraine and the energy market, rising prices and monetary tightening continued. - FY2024-Q1RestatedAnnual report
「The global economy remains uncertain amid the global semiconductor shortage, supply chain disruptions, the situation in Ukraine, energy market conditions, rising prices and global monetary tightening, among other factors.」
The company continues to identify uncertainty in the business environment caused by the semiconductor shortage, supply chain disruptions, the situations in Ukraine and the energy market, rising prices and monetary tightening. - FY2023-Q3RestatedAnnual report
「Meanwhile, the global economy remained uncertain amid the global semiconductor shortage, supply chain disruptions, the situation in Ukraine, energy market conditions and global monetary tightening, among other factors.」
The company continues to identify uncertainty in the business environment caused by the semiconductor shortage, supply chain disruptions, the situations in Ukraine and the energy market, and monetary tightening. - FY2023-Q2WorsenedAnnual report
「Meanwhile, the global economy remained uncertain amid the global semiconductor shortage, supply chain disruptions, the situation in Ukraine, energy market conditions and global monetary tightening, among other factors.」
In addition to the existing semiconductor shortage, supply chain disruptions and the situation in Ukraine, the impact of energy market conditions and global monetary tightening is explicitly identified, and uncertainty in the business environment continues. - FY2023-Q1WorsenedAnnual report
「In addition, uncertainty surrounding the global economy increased as the situation in Ukraine continued for longer.」
The company states that uncertainty surrounding the global economy increased as the situation in Ukraine continued for longer. - FY2022First statedAnnual report
「We aim to build a corporate structure capable of responding flexibly to rapid and significant changes in the business environment, including the current semiconductor supply shortage, soaring logistics costs, rapidly accelerating inflation and rising conflict risks.」
The company explicitly identifies rapid changes in the business environment combining the semiconductor shortage with higher logistics costs, inflation and rising conflict risks. It also describes the prolonged production adjustments caused by supply chain issues.