Supply Restrictions and Business Continuity Risks Arising from the Russia-Ukraine Situation
First written in FY2022. 4 of 8 entries say "Worsened", first in FY2023-Q1. Latest entry: FY2026.
Kyb moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
2 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The business environment surrounding the Group has become increasingly uncertain due to the military conflict between the United States and Israel and Iran, unstable international conditions including the situation in Ukraine, soaring raw material and energy prices, natural disasters occurring around the world, and U.S. tariff measures.」
The company has broadened the scope of uncertainty by adding military conflict in the Middle East, soaring raw material and energy prices, natural disasters, and U.S. tariff measures to the geopolitical risks previously centered on the situation involving Russia and Ukraine. - 2026-05-13RestatedEarnings
「Although the global economy during the consolidated fiscal year showed resilience, supported by easing inflationary pressures and the effects of monetary policy in major countries, uncertainty about the outlook persisted owing to heightened geopolitical risks, including escalating tensions in the Middle East.」
Geopolitical risks and uncertainty about the outlook continue to be cited. - FY2025-H1WorsenedAnnual report
「During the interim consolidated accounting period, the global economy was supported by interest rate cuts in Europe and the United States, including personal consumption and capital investment, but uncertainty about the outlook continued amid a slowdown in the Chinese economy and further heightened geopolitical risks.」
The company states that, in addition to the slowdown in the Chinese economy, geopolitical risks have risen further, and that uncertainty about the outlook continues. - FY2024WorsenedAnnual report
「Although economic activity is recovering as society shifts to a post-COVID environment, heightened geopolitical risks, including Russia's invasion of Ukraine and growing tensions in the Middle East, together with the outcome of the U.S. presidential election, are expected to affect the global order.」
In addition to the existing situation involving Russia and Ukraine, the company cites rising tensions in the Middle East and the impact of the U.S. presidential election, broadening the scope of geopolitical uncertainty. - FY2023-Q3RestatedAnnual report
「During the first nine months of the current fiscal year, the global economy remained uncertain, although the adverse impact of COVID-19 eased. Concerns about an economic slowdown continued to arise amid prolonged geopolitical risks, soaring energy and raw-material prices, and ongoing monetary tightening policies in major countries.」
The prolonged geopolitical risks, soaring energy and raw material prices, and concerns over an economic slowdown resulting from monetary tightening in major countries continue to be disclosed. - FY2023-Q2RestatedAnnual report
「The uncertain situation continues, with concerns about an economic downturn that cannot be dispelled amid soaring energy-resource prices caused by heightened geopolitical risks and monetary policies in various countries in response to accelerating inflation.」
Uncertainty surrounding geopolitical risks and soaring energy resource prices continues. This is a continuation of the previous disclosure and does not indicate any specific new deterioration beyond the prolonged situation in Ukraine described previously. - FY2023-Q1WorsenedAnnual report
「Downside risks also materialized, including surging raw material prices, semiconductor supply shortages, and the prolonged worsening of the situation in Ukraine.」
Regarding the Russia-Ukraine situation, the company states that risks such as supply restrictions have become prolonged rather than temporary events, explicitly indicating that downside risks continue. - FY2022First statedAnnual report
「Particularly in Europe, supply restrictions on products and key components arising from the Russia-Ukraine situation may lead customers to adjust production or suspend operations, significantly affecting the profitability of European sites and other locations. In the aftermarket, restrictions on product imports into the Russia-Ukraine region and suspension of sales activities may also halt business operations and affect business continuity.」
Against the backdrop of Russia's invasion of Ukraine, the company has identified as new risks supply restrictions at European sites, customer production adjustments and operating stoppages, as well as import restrictions and sales suspensions in the Russia-Ukraine region.