Global Economic Stagnation Due to Surging Resource Prices and the Russia-Ukraine Situation
First written in FY2022-Q2. 8 of 12 entries say "Worsened", first in FY2022-Q3. Latest entry: FY2026-H1.
Bcc moved to the "Worse" side of this theme in 2022, 2 years before the typical company in this theme (2024).
The whole theme swung hardest in 2025: 45 of 80 companies on the "Worse" side.
50 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「However, the business environment surrounding companies remains challenging due to the effects of increasing instability overseas, heightened geopolitical risks, exchange-rate fluctuations, rising prices, and soaring raw material and energy prices, and uncertainty about the outlook continues.」
The challenging business environment and uncertainty about the outlook due to overseas conditions, geopolitical risks, exchange rates, prices, and raw material and energy prices persist. - FY2025WorsenedAnnual report
「At the same time, concerns about downside risks to the economy persist due to concerns about slowing personal consumption resulting from continued price increases, soaring resource and energy prices, U.S. trade policy, and the slowdown in the Chinese economy, and the outlook remains uncertain.」
In addition to prices and resource prices, the slowdown in the Chinese economy, U.S. trade policy, and concerns about slowing personal consumption are cited as downside factors in the external environment. - FY2025-H1RestatedAnnual report
「However, uncertainty about the outlook has persisted due to unstable international conditions, surging resource, energy, and raw material prices, global monetary tightening, rising consumer prices, and other factors.」
Uncertainty about the outlook persists due to unstable international conditions, resource, energy and raw material prices, monetary tightening, and rising prices. - FY2024-Q2WorsenedAnnual report
「However, uncertainty has persisted due to unstable international conditions, including Russia's invasion of Ukraine and heightened tensions in the Middle East, surging resource, energy, and raw material prices, global monetary tightening, the continued depreciation of the yen, and rising consumer prices.」
In addition to previously cited conditions in Ukraine, monetary tightening, and the weaker yen, surging resource, energy, and raw material prices and rising consumer prices have been expressly identified as sources of uncertainty. - FY2024-Q1WorsenedAnnual report
「During the three months ended in the first quarter, Japan's economy remained uncertain due to economic stagnation caused by global monetary tightening and other factors, the impact of the weaker yen, the prolonged Russian invasion of Ukraine, and heightened tensions in the Middle East.」
In addition to previously cited monetary tightening, the weaker yen, and the Russia-Ukraine situation, heightened tensions in the Middle East have been identified as a new source of uncertainty, broadening the external-environment risk factors. - FY2023WorsenedAnnual report
「Meanwhile, downside risks to overseas economies, including the impact of global monetary tightening and concerns over the outlook for the Chinese economy, pose a risk of weighing on Japan's economy. Close attention is also required to the effects of rising prices and volatility in financial and capital markets, and the outlook remains uncertain.」
In addition to previously cited surging resource prices, the Russia-Ukraine situation, and monetary tightening, concerns over the outlook for the Chinese economy, rising prices, and volatility in financial and capital markets have been identified as sources of uncertainty. - FY2023-Q3WorsenedAnnual report
「Meanwhile, the outlook remains uncertain due to surging resource prices resulting from the prolonged invasion of Ukraine by Russia, rising prices caused by the depreciation of the yen, global monetary tightening, and other factors.」
In addition to previously cited surging resource prices, the Russia-Ukraine situation, and global monetary tightening, rising prices caused by the depreciation of the yen have been expressly identified as a source of uncertainty, broadening the external-environment risk factors. - FY2023-Q2WorsenedAnnual report
「During the cumulative second quarter, Japan's economy saw progress toward the normalization of social and economic activity as restrictions on movement related to COVID-19 were eased, but the outlook remained uncertain due to soaring resource prices resulting from the prolonged impact of Russia's invasion of Ukraine, global monetary tightening and other factors.」
In addition to previously cited surging resource prices and the Russia-Ukraine situation, global monetary tightening has been cited as a new source of uncertainty, broadening the external-environment risk factors. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter, Japan's economy showed signs of recovery in social and economic activity as restrictions on economic activity imposed due to the spread of COVID-19 were gradually eased, but uncertainty about the outlook continued amid soaring prices of crude oil and other resources, the global semiconductor shortage, and Russia's invasion of Ukraine.」
An uncertain economic environment has continued against a backdrop of surging resource prices, the global semiconductor shortage, and Russia's invasion of Ukraine. - FY2022WorsenedAnnual report
「Since January 2022, the outlook has become more uncertain as the number of new infections with the Omicron variant surged and Russia's invasion of Ukraine occurred at the same time.」
It is stated that the economic outlook became more uncertain amid the simultaneous resurgence of infections, surging resource prices, the semiconductor shortage, and Russia's invasion of Ukraine. - FY2022-Q3WorsenedAnnual report
「During the nine months ended in the third quarter, Japan's economy showed signs of recovery in economic activity as COVID-19 vaccinations progressed. However, the outlook for the economy remained uncertain due to concerns over the spread of new variants, surging resource prices, and global economic stagnation resulting from the prolonged Russia-Ukraine situation, among other factors.」
Regarding surging resource prices and the Russia-Ukraine situation, the uncertain economic environment has continued since the previous disclosure, with global economic stagnation resulting from the prolonged situation now cited. - FY2022-Q2First statedAnnual report
「During the six months ended in the second quarter, Japan's economy was expected to remain in difficult conditions, as the impact of the spread of COVID-19 continued, while resource prices remained high and the Russia-Ukraine situation caused global economic stagnation, among other factors.」
In addition to the infectious disease, surging resource prices and global economic stagnation resulting from the Russia-Ukraine situation were newly cited as factors contributing to the difficult economic environment.