Deterioration in Business Conditions Due to the Russia-Ukraine Conflict and Surging Resource Prices
First written in FY2022. 3 of 5 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 22 of 48 companies on the "Worse" side.
32 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Uncertainty about the outlook increased due to global inflation, monetary tightening, stagnation in the Chinese economy and the expansion of geopolitical risks, among other factors.」
Although no specific conflict was identified, expanding geopolitical risks continue to be cited as downside factors for the economy. - FY2023-Q3RestatedAnnual report
「The protracted Ukraine crisis, soaring energy resource prices and other factors had a negative impact on supply chains.」
The protracted Ukraine crisis and soaring energy resource prices continue to be cited as downside factors for the economy through their negative impact on supply chains. - FY2023-Q2RestatedAnnual report
「Soaring energy resource prices associated with the protracted Ukraine crisis」
The protracted Ukraine crisis and soaring energy resource prices were cited as downside factors for the economy, continuing from the previous quarter. - FY2023-Q1MaterialisedAnnual report
「Global automobile production declined due to the conflict in Ukraine, the semiconductor shortage, lockdowns in major Chinese cities and the impact of COVID-19 in Southeast Asia, among other factors. As a result, segment revenue was ¥20.34 billion, down 7.5% year on year, and operating profit was ¥284 million, down 76.3%.」
The Ukraine conflict, identified in the previous fiscal year as a downside factor, has materialized in actual business impacts alongside semiconductor shortages, lockdowns and other factors, including a decline in global automobile production and lower revenue and profit in the segment. - FY2022First statedAnnual report
「The business climate in fiscal 2022 is becoming increasingly uncertain due to the protracted Russia-Ukraine conflict, China's lockdowns and other factors.」
The protracted Russia-Ukraine conflict was identified independently for the first time as a downside factor for the fiscal 2022 business climate, through factors such as soaring resource prices.