Economic uncertainty caused by soaring resource prices and Russia's invasion of Ukraine
First written in FY2022-Q2. 7 of 11 entries say "Restated". Latest entry: FY2026-H1.
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
「During the interim consolidated accounting period (1 November 2025 to 30 April 2026), Japan's economy showed a gradual recovery, supported by improvements in employment and income conditions and a recovery in personal consumption. Meanwhile, conditions affecting the economic environment, including rising prices and fluctuations in stock prices and foreign exchange rates, continued, leaving the outlook uncertain.」
While improvements in employment and income conditions and personal consumption were evident, rising prices, fluctuations in stock prices and foreign exchange rates, and uncertainty over the outlook continued. - FY2024WorsenedAnnual report
「During the current consolidated fiscal year, Japan's economy showed some signs of recovery, including wage increases, particularly at large companies, and expanding inbound demand. Globally, however, the outlook remained uncertain due to continued high interest rates in Europe and the United States, the situation in the Middle East and other factors.」
In addition to the previously identified factors of soaring resource prices, inflation and the weaker yen, continued high interest rates in Europe and the United States and the situation in the Middle East were identified as factors contributing to the uncertain outlook. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy showed some growth driven by wage increases, economic measures and a recovery in domestic demand. However, the economic environment remained unstable due to concerns including the prolonged Russia-Ukraine war, the sharp depreciation of the yen resulting from the robust U.S. economy, and rising prices.」
While growth driven by a recovery in domestic demand and other factors was evident, the economic environment remained unstable due to the prolonged Russia-Ukraine war, the weaker yen and rising prices. - FY2024-Q1RestatedAnnual report
「Meanwhile, globally, soaring resource prices and inflation caused by Russia's invasion of Ukraine and other factors have continued, leading to higher interest rates and related concerns over the management of financial institutions, leaving the outlook uncertain.」
The uncertain outlook due to soaring resource prices, inflation, rising interest rates and concerns over the management of financial institutions continues. - FY2023RestatedAnnual report
「Globally, soaring resource prices and inflation caused by Russia's invasion of Ukraine and other factors have continued, leading to higher interest rates and related concerns over the management of financial institutions, leaving the outlook uncertain.」
The uncertain outlook due to soaring resource prices, inflation, rising interest rates and concerns over the management of financial institutions continues. - FY2023-Q3RestatedAnnual report
「Globally, soaring resource prices and inflation caused by Russia's invasion of Ukraine and other factors have continued, leading to higher interest rates and related concerns over the management of financial institutions, leaving the outlook uncertain.」
The uncertain outlook due to soaring resource prices, inflation, rising interest rates and concerns over the management of financial institutions continues. - FY2023-Q2WorsenedAnnual report
「During the second quarter of the consolidated cumulative period, the impact of COVID-19 was limited and economic normalization was progressing. However, globally, soaring resource prices and continuing inflation resulting from Russia's invasion of Ukraine and other factors led to higher interest rates and related concerns about the financial condition of financial institutions, leaving the outlook uncertain.」
In addition to the previously identified factors of soaring resource prices and inflation, rising interest rates and the resulting concerns over financial institutions' management were identified, expanding the factors contributing to the uncertain economic outlook. - FY2023-Q1RestatedAnnual report
「During the first quarter of the consolidated cumulative period, Japan's economy was moving toward normalization due to the spread of COVID-19 vaccinations and other factors, but uncertainty over the outlook continued due to soaring global resource prices and concerns about inflation resulting from Russia's invasion of Ukraine.」
Economic uncertainty due to Russia's invasion of Ukraine, globally rising resource prices and inflation concerns continues. - FY2022WorsenedAnnual report
「During the consolidated fiscal year, Japan's economy was moving toward normalization as COVID-19 vaccinations became more widespread, but uncertainty about the outlook increased amid concerns about another wave of infections, inflation concerns arising from globally rising resource prices and Russia's invasion of Ukraine, and the depreciation of the yen resulting from differences between Japanese and US monetary policy.」
In addition to the previously cited surge in resource prices and invasion of Ukraine, concerns about inflation and the yen's depreciation were explicitly identified, indicating increased economic uncertainty. - FY2022-Q3RestatedAnnual report
「In addition, uncertainty about the outlook has increased due to such factors as globally rising resource prices and Russia's invasion of Ukraine.」
Economic uncertainty due to rising resource prices and Russia's invasion of Ukraine has been reiterated. - FY2022-Q2First statedAnnual report
「In addition, uncertainty about the outlook has increased due to such factors as globally rising resource prices and Russia's invasion of Ukraine.」
Globally rising resource prices and Russia's invasion of Ukraine were disclosed for the first time as factors increasing uncertainty about the outlook.