Foreign-exchange volatility, supply-chain disruption, and surging resource, raw-material, logistics and electricity costs
First written in FY2022-Q3. 9 of 13 entries say "Restated". Latest entry: 2026-08-14.
Cube moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 14 of 20 companies on the "Worse" side.
13 other companies' latest entry also says "Restated".
- 2026-08-14RestatedEarnings
「The outlook for U.S. trade policy remains confused, unstable conditions overseas and persistently high raw-material prices and other costs continue, and the economy remains weak.」
The company continues to disclose a difficult external environment caused by U.S. trade policy, unstable overseas conditions and elevated raw material prices. - FY2026-H1RestatedAnnual report
「During the first six months under review, Japan's economy remained weak. Although corporate earnings and capital investment were improving, the outlook for U.S. trade policy was confused, unstable overseas conditions continued, and raw-material and other prices remained elevated.」
The company continues to disclose a difficult external environment caused by U.S. trade policy, unstable overseas conditions and elevated raw material prices. - FY2025RestatedAnnual report
「During the fiscal year ended 31 December 2025, Japan's economy moved within a pattern of alternating strength and weakness. Although corporate earnings remained solid and wage increases progressed, unstable conditions overseas, including U.S. trade policy, and persistently high raw material prices exerted downward pressure.」
The company continues to describe a challenging external environment, including U.S. trade policy, unstable overseas conditions and persistently high raw-material and other prices. - 2026-03-05RestatedGeneral Meetings of Shareholders
「The economy remained in a stop-and-start state, as unstable conditions overseas, including U.S. trade policy, and persistently high raw-material prices and other costs exerted downward pressure.」
The Company continued to identify unstable conditions overseas, persistently high raw-material prices and other costs, and rising raw-material, logistics and electricity costs as external risks. - FY2025-H1WorsenedAnnual report
「During the first six months under review, Japan's economy remained weak. Although corporate earnings and capital investment were improving, the outlook for U.S. trade policy was confused, unstable overseas conditions continued, and raw-material and other prices remained elevated. The apparel retail industry in which we operate also continued to face a challenging business environment, including surging raw-material, logistics and electricity costs, while the effects of extreme heat had already begun to emerge in June, resulting in continued cautious purchasing.」
In addition to higher raw material, logistics and electricity costs and an unstable international environment, the company cites uncertainty over U.S. trade policy and the effects of extreme heat from June as additional adverse external factors. - FY2024RestatedAnnual report
「The apparel retail industry in which we operate continues to face a difficult operating environment due to elevated raw material and energy prices, the weak yen and labor shortages. In Japan, consumers continue to shop cautiously following an exceptionally hot summer and continued unsettled weather.」
Persistently high raw material and energy prices and yen depreciation, together with labor shortages, extreme heat, and unsettled weather, are cited as continuing external pressures. - FY2024-H1RestatedAnnual report
「The apparel retail industry in which we operate also continues to face a challenging business environment, including surging raw-material, logistics and electricity costs. Although inbound consumption is strong as the number of foreign visitors to Japan recovers, cautious purchasing continues as consumers increasingly favor saving in response to higher prices.」
An unstable international environment, elevated raw material prices and soaring raw material, logistics and electricity costs continue to create a difficult external environment. - FY2024-Q1WorsenedAnnual report
「In addition to the prolonged situation in Ukraine, tensions in the Middle East have increased, raw material prices remain elevated, and the outlook for global conditions remains uncertain due to the effects of volatile foreign exchange movements.」
Heightened tensions in the Middle East are identified as a new geopolitical factor in addition to the situation in Ukraine, elevated raw material prices and foreign exchange volatility, broadening the sources of uncertainty in the external environment. - FY2023-Q3RestatedAnnual report
「The outlook remains difficult to predict due to the impact of rising global resource prices and inflation resulting from unstable foreign exchange movements.」
Higher resource prices, foreign exchange volatility, inflation, and an uncertain operating environment continue. - FY2023-Q2RestatedAnnual report
「The outlook remains uncertain due to the effects of rising global resource prices and price inflation caused by unstable exchange-rate movements. The apparel retail industry also continues to face a challenging business environment, including increases in raw-material, logistics and electricity costs.」
The company continues to describe an uncertain business environment resulting from higher resource, raw material, logistics, and electricity costs and foreign exchange volatility. - FY2023-Q1RestatedAnnual report
「The outlook for global conditions remains difficult to predict due to persistently high raw material prices and other costs associated with the prolonged invasion of Ukraine by Russia, as well as the effects of unstable foreign exchange movements.」
Continued elevated raw material prices, foreign exchange volatility and uncertainty surrounding the situation in Ukraine remain disclosed. - FY2022MaterialisedAnnual report
「The unstable economic environment is expected to continue, and the outlook remains uncertain, due to fluctuations in foreign exchange rates caused by the rapid depreciation of the yen, increases in raw material and energy prices associated with Russia's invasion of Ukraine, and the rapid depreciation of the yen. In addition, although COVID-19 restrictions have been eased in Japan, the prolonged lockdowns in China have continued to affect business activity through a significant decline in human mobility, lower consumer activity, and supply chain disruption.」
The annual report describes the continuing impact on economic and corporate activity of yen depreciation, higher raw material and energy prices, and supply chain disruption carried over from the previous quarter. - FY2022-Q3First statedAnnual report
「The outlook remains difficult to predict as supply chains have become unstable due to fluctuations in foreign exchange rates caused by the rapid depreciation of the yen, as well as the prolonged invasion of Ukraine by Russia and lockdowns in China, while resource prices, raw material prices, logistics costs, and electricity rates have surged.」
Foreign exchange volatility, supply chain instability caused by geopolitical factors and China’s lockdowns, and sharp increases in various costs are identified as continuing risks in the operating environment.