Impact of Russia’s invasion of Ukraine on overseas operations
First written in FY2023-Q1. 2 of 3 entries say "Worsened", first in FY2023. Latest entry: FY2024.
Spk moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 50 of 86 companies on the "Worse" side.
38 other companies' latest entry also says "Worsened".
- FY2024WorsenedAnnual report
「The Overseas Sales Division has customers in approximately 80 countries, and orders have recovered substantially as economic activity normalised in the post-COVID period. At the same time, concerns remain about adverse effects on the economies of individual countries due to the unsettled international situation, including Russia’s invasion of Ukraine and conflicts in the Middle East.」
In addition to the invasion of Ukraine, conflicts in the Middle East were explicitly identified as additional risks that could affect the economies and exports of countries overseas. - FY2023WorsenedAnnual report
「The Overseas Sales Division does business with customers in approximately 80 countries, and orders have recovered substantially as the impact of COVID-19 infections began to subside in each country. Meanwhile, the surge in energy prices caused by Russia’s invasion of Ukraine has deepened the confusion, and there are concerns that its impact on the economies of individual countries could lead to foreign-exchange transaction restrictions and affect exports from Japan.」
In addition to concerns that Russia’s invasion of Ukraine could be prolonged, the specific chain of events from surging energy prices to foreign-exchange transaction restrictions in individual countries and the resulting impact on exports from Japan was outlined. - FY2023-Q1First statedAnnual report
「At present, we have experienced very little direct impact from Russia’s invasion of Ukraine, but we will continue to closely monitor developments.」
Russia’s invasion of Ukraine was explicitly identified as a new external risk for the Overseas Sales Division. Although the company stated that there was currently very little direct impact, it indicated that it would continue to monitor developments closely.