Uncertainty in the Global Economy Caused by Russia’s Invasion of Ukraine and Economic Sanctions
First written in FY2022-Q2. 8 of 10 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2022: 46 of 79 companies on the "Worse" side.
32 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Inflation and unstable international conditions surrounding the Middle East and Eastern Europe continue, while concerns about an economic downturn have grown because of the potential impact of U.S. trade policy and other factors, leaving the outlook uncertain.」
The previous risk recognition concerning unstable international conditions, including the situation involving Russia and Ukraine, continues in broader terms referring to instability in the Middle East and Eastern Europe that has persisted since the first half of 2025. - FY2025-H1ReframedAnnual report
「Inflation and unstable international conditions surrounding the Middle East and Eastern Europe continue」
The disclosure has shifted from its previous focus on the situation involving Russia and Ukraine to the broader regional description of unstable international conditions surrounding the Middle East and Eastern Europe. - FY2024-Q2RestatedAnnual report
「During the second quarter of the current consolidated cumulative period, socioeconomic activity had been recovering gradually as restrictions on activity were eased, but uncertainty about the outlook continued amid unstable international conditions, a substantial depreciation of the yen and rising prices driven by soaring global resource prices.」
Unstable international conditions continue, along with uncertainty in the economic environment accompanied by yen depreciation, soaring resource prices and inflation. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, there were no material changes in the occurrence of major risks that management recognizes could materially affect the financial position, operating performance or cash flows of the consolidated companies, among the matters concerning the business and accounting conditions described in the quarterly report, or in the business and other risks described in the annual securities report for the previous fiscal year.」
It concludes that there have been no material changes in the risk of greater uncertainty in the global economy resulting from instability in overseas conditions, including the situation involving Russia and Ukraine. - FY2023RestatedAnnual report
「During the current consolidated fiscal year, Japan's economy was in an uncertain environment. Socioeconomic activity had been recovering gradually following the reclassification of COVID-19 to Category V under the Infectious Diseases Control Law, but energy and raw material prices were rising because of the Russia-Ukraine situation and the prolonged depreciation of the yen, leading to further price increases.」
The prolonged and unstable situation involving Russia and Ukraine continues to be identified as a factor contributing to soaring energy and raw material prices and uncertainty over the outlook. - FY2023-Q3RestatedAnnual report
「At the same time, upward pressure on prices broadened beyond energy to goods and services, while various downside risks to the economy remained, including monetary tightening by central banks and the prolonged situation in Ukraine, leaving the outlook uncertain.」
The disclosure continues to cover downside risks to the economy, including the prolonged situation in Ukraine, and uncertainty over the outlook. - FY2023-Q2RestatedAnnual report
「During the six-month period of the current fiscal year, Japan's economy showed signs of stabilization in COVID-19 infections and progress toward normalizing socioeconomic activity, while inflation driven higher by the prolonged situation in Ukraine」
Inflation driven higher by the prolonged situation in Ukraine continues, and the outlook remains uncertain. - FY2023-Q1RestatedAnnual report
「There are still no signs of improved relations concerning the situation in Ukraine and Russia, and political conditions remain unstable」
The Company continues to recognize that there are no signs of improved relations concerning the situation in Ukraine and Russia and that political conditions remain unstable. - FY2022-Q3RestatedAnnual report
「Globally, the prolonged COVID-19 pandemic continued to affect the production and supply systems for industrial materials such as natural resources and semiconductors, while the conflict between Ukraine and Russia that erupted in February 2022 caused resource prices such as oil to surge, further increasing uncertainty over the outlook for the global economy.」
The Company continues to recognize that the conflict between Ukraine and Russia that erupted in February 2022 and soaring resource prices are increasing uncertainty over the global economy. - FY2022-Q2First statedAnnual report
「Russia began its military invasion of Ukraine in February 2022. ... As the effects of economic sanctions against Russia had not yet been fully incorporated, uncertainty over the outlook for the global economy increased further.」
Russia's invasion of Ukraine and economic sanctions against Russia are identified as new business-environment factors that are increasing resource prices and uncertainty over the global economy.