Rising Raw Material Prices and Supply Constraints Due to Geopolitical Risks, etc.
First written in FY2022. 3 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 45 of 80 companies on the "Worse" side.
7 other companies' latest entry also says "Other".
- FY2026Addition of Tariffs, Middle East Developments, and Higher Crude Oil PricesAnnual report
「During the consolidated fiscal year, the Japanese economy moved away from its deflationary condition and toward moderate positive growth, supported by the spread of wage increases and labor shortages. At the same time, it entered a period of moderate recovery and adjustment in which the United States' tariff policies, higher crude oil prices associated with developments in the Middle East, and a sense of stagnation in consumption caused by rising prices intersected.」
In addition to previously identified factors such as rising prices and supply constraints, the Company has added US tariff policies, higher crude oil prices associated with developments in the Middle East, and sluggish consumption as sources of uncertainty in the economic environment. - FY2025-H1Explicit disclosure of higher prices and wages and constraints on passing costs through to pricesAnnual report
「During the current interim consolidated accounting period, the Japanese economy recovered from the downturn caused by the COVID-19 pandemic, with wage increases reaching their highest level in 33 years and corporate capital investment reaching a record high. Meanwhile, as inflation outpaces wage growth, difficult conditions continue for pensioner households and small and medium-sized enterprises, and the outlook remains uncertain.」
Despite the economic recovery and wage increases, the Company has reorganized its assessment of the uncertain outlook, including the situation in which inflation is outpacing wage growth and its impact on pensioner households and small and medium-sized enterprises. - FY2024-Q3RestatedAnnual report
「The outlook remains uncertain due to factors including rising wages and uncertainty over the appropriate pass-through of costs to prices and the securing of markups.」
The Company has reconfirmed its view of the external environment that uncertainty over rising wages, the appropriate pass-through of costs to prices and securing markups will continue. - FY2024-Q2RestatedAnnual report
「The outlook remains uncertain due to factors including rising wages and uncertainty over the appropriate pass-through of costs to prices and the securing of markups.」
The Company has reconfirmed its view of the external environment that uncertainty over rising wages, passing costs through to prices and securing markups will continue. - FY2024-Q1Addition of uncertainty regarding the pass-through of costs to pricesAnnual report
「The outlook remains uncertain due to factors including rising wages and uncertainty over the appropriate pass-through of costs to prices and the securing of markups.」
In addition to the existing risks of inflation and supply constraints, the Company has identified rising wages and uncertainty over passing costs through to prices and securing markups as concerns in the external environment. - FY2023-Q3Addition of tighter monetary policy and the impact of overseas economic conditionsAnnual report
「During the cumulative third quarter of the current fiscal year, the Japanese economy recovered moderately. Meanwhile, as global monetary tightening continues, the impact of overseas economic conditions on Japan's economy, along with inflation and supply-side constraints, means that the outlook remains uncertain.」
In addition to the existing risks of inflation and supply constraints, the Company has explicitly identified global monetary tightening and the impact of overseas economic conditions on Japan's economy as factors contributing to an uncertain outlook. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the current fiscal year, the Japanese economy recovered moderately. Meanwhile, inflation and supply-side constraints persist, and the outlook remains uncertain.」
The Company has reconfirmed the external-environment risk that the outlook remains uncertain due to inflation and supply-side constraints. - FY2022First statedAnnual report
「Uncertainty remains high due to downside risks such as higher raw material prices and supply constraints resulting from geopolitical and other risks, as well as the impact of infectious diseases.」
The Company has described higher raw material prices and supply constraints associated with geopolitical risks as new downside risks in the economic environment.