Impact of the Russia-Ukraine conflict on economic activity and supply
First written in FY2022. 4 of 11 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 104 of 134 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「The global economy remains uncertain due to factors including further changes in US trade policy, moves toward the formation of economic blocs, persistent geopolitical risks, and diverging economic trends among major countries.」
In addition to the existing conflicts and geopolitical tensions, further changes in US trade policy, the formation of economic blocs, and diverging economic conditions among major countries were explicitly identified as risk factors. - FY2026-H1RestatedAnnual report
「Meanwhile, the global economy continued to experience instability in energy and raw material markets against a backdrop of expectations that monetary tightening in the United States would continue for an extended period and ongoing geopolitical tensions, including those surrounding Ukraine and the Middle East.」
Geopolitical tensions, including those surrounding Ukraine and the Middle East, and instability in energy and raw material markets continue. - FY2025WorsenedAnnual report
「The outlook for economic activity remains uncertain due to the US administration’s tariff policies and conflicts between Russia and Ukraine and in the Middle East.」
In addition to the situation involving Russia and Ukraine, the US administration’s tariff policies and the conflict in the Middle East were explicitly identified as risk factors for geopolitics and economic activity. - FY2025-H1RestatedAnnual report
「The global economy became increasingly stagnant and unstable due to worsening economic conditions in China, monetary tightening in Europe and the United States, higher energy and raw material prices associated with geopolitical risks such as the situations in Ukraine and the Middle East, and sharp exchange-rate fluctuations.」
Disclosures continue to state that geopolitical risks, including the situations in Ukraine and the Middle East, are affecting the sense of stagnation and instability in the global economy through surging energy and raw material prices and foreign-exchange fluctuations. - FY2024-Q3WorsenedAnnual report
「Meanwhile, the global economy became increasingly stagnant due to China's economic slowdown, monetary tightening in the US and Europe, soaring energy and raw material prices resulting from geopolitical risks including the situations in Ukraine and the Middle East, and sharp exchange-rate fluctuations.」
In addition to the situation in Ukraine, the situation in the Middle East was explicitly identified as a geopolitical risk, adding another factor affecting economic activity. - FY2024-Q2RestatedAnnual report
「The global economy became increasingly stagnant due to an economic slowdown in China, monetary tightening in Europe and the United States, higher energy and raw material prices associated with geopolitical risks such as the situation in Ukraine, and sharp exchange-rate fluctuations.」
Disclosures continue to state that geopolitical risks, including the situation in Ukraine, are affecting the sense of stagnation in the global economy through surging energy and raw material prices and foreign-exchange fluctuations. - FY2023RestatedAnnual report
「The global economy became increasingly stagnant due to economic slowdowns in China, Europe and the United States, higher energy and raw material prices associated with geopolitical risks such as the situation in Ukraine, and sharp exchange-rate fluctuations.」
The prolonged situation in Ukraine and geopolitical risks continue to manifest themselves as a sense of stagnation in the global economy through surging energy and raw material prices and foreign-exchange fluctuations. - FY2023-Q3MaterialisedAnnual report
「Meanwhile, the global economy became increasingly stagnant due to a downturn in China following the spread of infections after the easing of its zero-COVID policy, economic slowdowns in the US and Europe, soaring energy and raw material prices resulting from the prolonged situation in Ukraine and other factors, and sharp exchange-rate fluctuations.」
The prolonged situation in Ukraine continues to manifest itself as a sense of stagnation in the global economy through surging energy and raw material prices and foreign-exchange fluctuations. - FY2023-Q2MaterialisedAnnual report
「The global economy remains in an uncertain situation due to factors including stagnant economic activity resulting from China’s zero-COVID policy, surging energy and raw material prices amid the prolonged situation in Ukraine, and sharp foreign-exchange fluctuations.」
The prolonged situation in Ukraine continues to manifest itself as growing uncertainty in the global economy through surging energy and raw material prices and foreign-exchange fluctuations. - FY2023-Q1MaterialisedAnnual report
「The outlook remains uncertain due to rising energy and raw material prices, reflecting the prolonged situation in Ukraine, and sharp exchange-rate fluctuations.」
Risks related to the conflict between Russia and Ukraine are materializing through the prolonged situation and its impact on the business environment from surging energy and raw material prices. - FY2022First statedAnnual report
「The outlook for economic activity remains uncertain due to COVID-19 and the conflict between Russia and Ukraine.」
The conflict between Russia and Ukraine was listed as an independent risk item for the first time as a new risk factor creating uncertainty about the outlook for economic activity.