Rising Resource Prices Due to Russia’s Invasion of Ukraine and the Weaker Yen
First written in FY2022-Q2. 7 of 12 entries say "Restated". Latest entry: 2026-08-12.
Decollte Holdings moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
The whole theme swung hardest in 2025: 22 of 48 companies on the "Worse" side.
16 other companies' latest entry also says "Worsened".
- 2026-08-12WorsenedEarnings
「In addition to the sharp rise in resource and energy prices against the backdrop of the military conflict between the United States and Iran that began at the end of February 2026 and the resulting restrictions on passage through the Strait of Hormuz, inflation caused by the prolonged depreciation of the yen continues, further heightening consumers’ focus on protecting their household finances and their inclination to economize.」
The military conflict between the United States and Iran, restrictions on passage through the Strait of Hormuz, and the sharp rise in resource and energy prices were added as external factors affecting the business environment. - FY2026-H1WorsenedAnnual report
「However, uncertainty about the outlook persists, including concerns about a slowdown in the global economy amid developments in countries’ responses to U.S. tariff policy and rising geopolitical risks, such as the escalating tensions in the Middle East.」
Added concerns about a slowdown in the global economy resulting from escalating tensions in the Middle East and rising geopolitical risks, in addition to the existing reference to U.S. tariff policy. - FY2025WorsenedAnnual report
「Uncertainty about the outlook persists. The impact of U.S. tariff policy led to negative real GDP growth in the July–September 2025 quarter, while discussions among countries regarding the policy continue, and there are concerns about the risk of a slowdown in the global economy depending on the outcome of negotiations.」
In addition to previously identified factors such as resource prices and yen depreciation, the company specifies negative real GDP growth resulting from the impact of U.S. tariff policy and the risk of a slowdown in the global economy. - FY2025-H1Additional uncertainty from U.S. tariff policyAnnual report
「The U.S. administration’s tariff policy has caused uncertainty in the global economy to rise rapidly.」
In addition to previously identified factors such as soaring resource prices and yen depreciation, the company identifies uncertainty in the global economy resulting from the U.S. administration’s tariff policy as a new external-environment factor. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the Japanese economy remained uncertain. Although both businesses and individuals showed improvements in consumption trends and a recovery in inbound demand following the change in the legal classification of COVID-19 to Category 5, the economy was affected by surging global resource prices and higher prices caused by the weaker yen.」
The company continues to identify the effects on the domestic economy of soaring global resource prices, yen depreciation, and rising prices as external-environment risks. - FY2023RestatedAnnual report
「Uncertainty persists due to the prolonged Russia-Ukraine situation, soaring global resource prices, and rising prices resulting from yen depreciation.」
The company continues to identify the situation in Ukraine, soaring resource prices, and yen depreciation and rising prices as external-environment risks. - FY2023-Q3RestatedAnnual report
「However, uncertainty persists, with higher consumer goods prices resulting from higher resource and raw material prices adversely affecting the domestic economy.」
The company continues to be concerned about adverse effects on the domestic economy from higher resource and raw material prices and higher consumer goods prices. - FY2023-Q2RestatedAnnual report
「However, uncertainty persists, with a downturn in overseas economies resulting from unstable overseas conditions and global monetary tightening, as well as higher consumer goods prices resulting from higher resource and raw material prices, adversely affecting the domestic economy.」
The company continues to be concerned about the effects on the domestic economy of unstable overseas conditions, global monetary tightening, and higher resource, raw material, and consumer goods prices. - FY2023-Q1RestatedAnnual report
「Uncertainty persists, with higher resource and raw material prices resulting from yen depreciation amid unstable overseas conditions and global monetary tightening adversely affecting the domestic economy.」
The company continues to describe external-environment risks previously identified as the invasion of Ukraine, yen depreciation, and higher resource prices as unstable overseas conditions and higher yen- and resource prices associated with global monetary tightening. - FY2022RestatedAnnual report
「Uncertainty persists, with stagnant consumer activity due to a rapid increase in infections during the sixth and seventh waves, and higher resource and raw material prices resulting from the invasion of Ukraine by Russia and yen depreciation adversely affecting the domestic economy.」
The company continues to identify adverse effects on the domestic economy from the sixth and seventh waves of infections, the invasion of Ukraine, yen depreciation, and higher resource and raw material prices. - FY2022-Q3RestatedAnnual report
「However, the application of quasi-emergency measures in various areas from January to March 2022, as well as higher resource and raw material prices resulting from the invasion of Ukraine by Russia and yen depreciation, adversely affected the domestic economy.」
The company continues to identify adverse effects on the domestic economy from the invasion of Ukraine, yen depreciation, and higher resource and raw material prices as concerns. - FY2022-Q2First statedAnnual report
「There are also concerns about adverse effects on the domestic economy, including higher resource and raw material prices resulting from the invasion of Ukraine by Russia and yen depreciation.」
The invasion of Ukraine, yen depreciation, and higher resource and raw material prices are identified as new concerns for the domestic economy. The invasion, yen depreciation, and price increases are presented as events that have occurred, while adverse effects on the domestic economy remain a concern.