Uncertainty in the Business Environment Due to Geopolitical Risk, Exchange-Rate Volatility and Surging Prices
First written in FY2024-Q3. 2 of 5 entries say "Worsened", first in 2026-05-07. Latest entry: 2026-08-14.
Shinko moved to the "Worse" side of this theme in 2024, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 45 of 80 companies on the "Worse" side.
50 other companies' latest entry also says "Restated".
- 2026-08-14RestatedEarnings
「In addition, the outlook for the operating environment remains uncertain due to rising geopolitical risks, including the escalating situation in the Middle East, the impact on logistics costs, and persistently high procurement prices associated with exchange-rate movements.」
Geopolitical risks, logistics costs, exchange-rate movements and persistently high procurement prices continue to be cited as sources of uncertainty in the business environment. - FY2026WorsenedAnnual report
「In February 2026, a conflict involving Iran broke out following military attacks on Iran by the United States and Israel. The closure of the Strait of Hormuz caused serious disruptions to energy supplies and logistics, and the effects have spread worldwide.」
In addition to the previously identified risks related to geopolitics, foreign exchange and rising prices, the disclosure identifies conflict resulting from worsening conditions in the Middle East, the closure of a strait, and disruptions to energy supplies and logistics as actual business-environment factors. - 2026-05-07WorsenedEarnings
「The deterioration of the situation in the Middle East has driven up crude oil and LNG prices, affecting corporate activity through higher fuel costs, logistics costs and raw material prices, and we believe it is necessary to closely monitor future developments.」
The deterioration of geopolitical conditions has materialized as higher energy, logistics and raw material prices. - FY2024MaterialisedAnnual report
「The reasons for operating profit falling below the previous year were delays in procuring equipment and postponements of work due to customer circumstances, which caused the delivery of high-margin Solutions projects planned for the fourth quarter to be pushed into the following fiscal year, as well as an increase in the proportion of sales from PCs and peripheral equipment, which caused procurement costs to rise more than expected.」
It explains that higher equipment prices and procurement costs, procurement delays and work postponements actually contributed to the decline in profit. - FY2024-Q3First statedAnnual report
「The situation remains uncertain due to the worsening of geopolitical risks arising from the situation in Ukraine and the Israel-Palestine situation, foreign exchange fluctuations, and soaring raw material, energy and other prices.」
Geopolitical conditions, foreign exchange rates, raw material and energy prices, and rising prices are identified as external business-environment factors contributing to uncertainty about the outlook.