Downside Risk to Economic Growth from Russia’s Invasion of Ukraine
First written in FY2022. 5 of 11 entries say "Restated". Latest entry: FY2026-H1.
Ebrains moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 54 of 96 companies on the "Worse" side.
50 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, the global economy was generally on a gradual recovery trend due to economic support measures in major countries. However, uncertainty about the outlook continued due to factors including developments in US tariff policy, the downturn in the Chinese economy, and prolonged geopolitical risks arising from the situations in Ukraine and the Middle East.」
The company continues to describe geopolitical uncertainty, including the prolonged situation in Ukraine. No specific impact on the company's performance has been disclosed. - FY2025RestatedAnnual report
「Meanwhile, the economic outlook remains uncertain due to geopolitical risks, including the US review of its tariff policy, higher purchase prices resulting from persistently high resource and raw-material prices, the prolonged Russia-Ukraine situation, and instability in the Middle East.」
The company continues to describe uncertainty in the global economy due to the prolonged Russia-Ukraine situation. - FY2024MaterialisedAnnual report
「Against a backdrop of the downturn in the Chinese economy and weak global demand related to the Russia-Ukraine situation, the semiconductor market, which grew at a pace that set new records in 2021 and 2022, experienced a series of freezes and postponements in capital investment in semiconductor manufacturing equipment, particularly for memory applications. Sales in the Group's core measurement and control business consequently remained on a declining trend.」
The global decline in demand associated with the Russia-Ukraine issue led to freezes and postponements in capital investment in semiconductor manufacturing equipment, resulting in a concrete decline in sales in the core measurement and control field. - FY2024-Q3MaterialisedAnnual report
「Due to the downturn in the Chinese economy and the global decline in demand associated with the Russia-Ukraine issue, the semiconductor market, which grew at a pace that suggested it would set record highs in 2021–2022, saw a succession of freezes and postponements in capital investment in semiconductor manufacturing equipment, particularly for memory applications, and sales in our group's core measurement and control field continued to trend downward.」
The global decline in demand associated with the Russia-Ukraine issue led to freezes and postponements in capital investment in semiconductor manufacturing equipment, resulting in a concrete decline in sales in the core measurement and control field. - FY2024-Q2MaterialisedAnnual report
「Due to the downturn in the Chinese economy associated with its zero-COVID policy and the global decline in demand associated with the Ukraine issue, the semiconductor market, which grew at a pace that suggested it would set record highs in 2021–2022, saw a succession of freezes and postponements in capital investment in semiconductor manufacturing equipment, particularly for memory applications, and sales in the group's core measurement and control field were trending downward.」
The global decline in demand associated with the Ukraine issue led to freezes and postponements in capital investment in semiconductor manufacturing equipment, resulting in a concrete decline in sales in the core measurement and control field. - FY2024-Q1MaterialisedAnnual report
「Due to the downturn in the Chinese economy associated with its zero-COVID policy and the global decline in demand associated with the Ukraine issue, the semiconductor market, which grew at a pace that suggested it would set record highs in 2021–2022, saw a succession of freezes and postponements in capital investment in semiconductor manufacturing equipment, particularly for memory applications.」
The company stated that the global decline in demand associated with the Ukraine issue led to freezes and postponements in capital investment in semiconductor manufacturing equipment, making the impact on the business environment more concrete than the previous description that there was "almost no impact." - FY2023SoftenedAnnual report
「Under these circumstances, although our group was partly affected by the COVID-19 pandemic, it was hardly affected by the Ukraine issue at this stage, and sales increased because the measurement and control field, particularly semiconductor manufacturing equipment, performed well.」
The description of the impact of the Ukraine issue changed from "no impact" to "almost no impact at this stage," limiting the statement to a specific point in time. However, the company stated that the impact on group performance during the current fiscal year was minimal. - FY2023-Q3RestatedAnnual report
「Although our group was partly affected by the COVID-19 pandemic, it was not affected by the Ukraine issue, and sales increased because the measurement and control field performed well.」
Although economic uncertainty due to the prolonged situation in Ukraine continues, the company stated that the Ukraine issue had no impact on our group during the nine-month period of the current consolidated fiscal year. - FY2023-Q2RestatedAnnual report
「Although our group was partly affected by the COVID-19 pandemic, it was not affected by the Ukraine issue, and sales increased because the measurement and control field performed well.」
Although uncertainty about the global economy due to the situation in Ukraine continues, the company stated that the Ukraine issue had no impact on our group during the six-month period of the current consolidated fiscal year. - FY2023-Q1RestatedAnnual report
「Although our group was partly affected by the COVID-19 pandemic, it was not affected by the Ukraine issue, and sales increased because the measurement and control field performed well.」
Although uncertainty about the economic outlook associated with Russia's invasion of Ukraine continues, the company stated that the Ukraine issue had no impact on our group during the first quarter. - FY2022First statedAnnual report
「In addition, concerns about downside risks to future growth have intensified since Russia's invasion of Ukraine in late February.」
Russia's invasion of Ukraine was described for the first time as a downside factor for the global economy. Meanwhile, the group stated that it has not been affected by the Ukraine issue.