Economic uncertainty due to the semiconductor shortage, supply chain disruptions, soaring fuel prices and the situation in Ukraine
First written in FY2022-Q3. 5 of 14 entries say "Materialised", first in FY2022. Latest entry: FY2026.
Earth Infinity 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: 46 of 81 companies on the "Worse" side.
50 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「During the fiscal year, Japan's economy was on a gradual recovery track, but uncertainty surrounding the global economy continued, amid heightened tensions in the Middle East and concerns over rising crude oil prices and the impact on international logistics.」
While indicating a trend toward economic recovery, it explicitly identifies the further escalation of tensions in the Middle East, rising crude oil prices and impacts on international logistics as new factors contributing to uncertainty. - FY2026-H1RestatedAnnual report
「Meanwhile, due to the continued rise in prices, fluctuations in foreign exchange rates and developments in overseas economies, the outlook for the economy remains uncertain.」
It continues to describe economic uncertainty arising from inflation, fluctuations in foreign exchange rates and developments in overseas economies. - FY2025WorsenedAnnual report
「Uncertainty about the economic outlook continues due to the impact of US tariff policies and unstable international conditions.」
In addition to the previously cited uncertainty arising from international conditions and resource prices, it explicitly identifies US tariff policy as a factor contributing to economic uncertainty. - FY2025-H1RestatedAnnual report
「During the interim accounting period, Japan’s economy showed signs of recovery as inbound demand recovered. However, uncertainty persisted due to the impact of soaring resource prices and high prices against a backdrop of unstable international conditions, as well as changes in monetary policy.」
While there are signs of an economic recovery driven by the recovery in inbound demand, it continues to describe an uncertain business environment caused by soaring resource prices against the backdrop of international conditions, high inflation and fluctuations in monetary policy. - FY2024RestatedAnnual report
「The economic outlook remains uncertain due to developments in the tense global situation, including the situation involving Russia and Ukraine, soaring energy resource and raw material prices caused by yen depreciation, and the risk of fluctuations in the financial and capital markets.」
It continues to describe an uncertain business environment caused by geopolitical conditions, yen depreciation, soaring resource prices and fluctuations in the financial and capital markets. - FY2024-Q3Added fluctuations in the financial and capital markets as a factor contributing to uncertainty.Annual report
「However, close attention is required regarding the economic outlook due to current price increases, the situation in the Middle East and fluctuations in the financial and capital markets.」
While the economy is gradually recovering, it explicitly identifies fluctuations in the financial and capital markets, in addition to the previously cited geopolitical and price factors, as matters requiring close attention in the outlook. - FY2024-Q2WorsenedAnnual report
「During the cumulative second quarter period, Japan’s economy was gradually recovering as economic activity normalized. However, uncertainty persisted as rising prices resulting from geopolitical risks, including the situation in Ukraine and heightened tensions in the Middle East due to the Israel-Gaza conflict, as well as high resource prices and foreign exchange fluctuations, continued for an extended period.」
In addition to the previously cited situation in Ukraine and soaring fuel prices, it explicitly identifies the escalating tensions in the Middle East resulting from the Israel-Gaza conflict and prolonged inflation caused by fluctuations in resource prices and foreign exchange rates as factors contributing to uncertainty. - FY2024-Q1MaterialisedAnnual report
「During the cumulative first quarter period, Japan’s economy began to show signs of recovery as COVID-19 vaccinations progressed and restrictions on activity were eased. However, the economic outlook remained uncertain due to soaring fuel and other prices resulting from the situation in Ukraine.」
An uncertain business environment caused by soaring fuel prices and inflation associated with the situation in Ukraine continued during the cumulative first-quarter period. - FY2023MaterialisedAnnual report
「During the fiscal year, Japan’s economy began to show signs of recovery as COVID-19 vaccinations progressed and restrictions on activity were eased. However, the economic outlook remained uncertain due to soaring fuel and other prices resulting from the situation in Ukraine.」
An uncertain business environment caused by soaring fuel prices and inflation associated with the situation in Ukraine continues. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter period, Japan’s economy began to show signs of recovery as COVID-19 vaccinations progressed and economic activity resumed. However, the outlook remained uncertain due to semiconductor shortages, global supply chain disruptions, soaring fuel prices, and the impact of the situation in Ukraine.」
An uncertain business environment caused by semiconductor supply shortages, supply chain disruptions, soaring fuel prices and the impact of the situation in Ukraine continues. - FY2023-Q2MaterialisedAnnual report
「However, the impact of COVID-19 continues, and the economic outlook remains uncertain due to soaring energy resource prices and rising prices against a backdrop of the protracted situation in Ukraine and the depreciation of the yen.」
The prolonged situation in Ukraine, soaring energy resource prices against the backdrop of yen depreciation and rising prices continue to constitute the actual business environment. - FY2023-Q1MaterialisedAnnual report
「The outlook remains uncertain due to soaring global raw material and energy prices following the situation in Ukraine, as well as price increases caused by the depreciation of the yen against the US dollar in the foreign exchange market.」
Higher raw material and energy prices associated with the situation in Ukraine, as well as price increases driven by yen depreciation against the US dollar, continue to constitute the actual business environment. - FY2022MaterialisedAnnual report
「Amid concerns about a prolonged situation in Ukraine and the impact of restrictions on economic activity in China, shortages and price increases for components, including semiconductors, worldwide, and the Russian invasion of Ukraine, which has triggered a global energy crisis and led to higher and persistently elevated raw material and fuel prices, the situation remains unpredictable.」
Supply shortages of semiconductors and other items, higher and persistently elevated component, raw material and fuel prices, and the energy crisis caused by the situation in Ukraine continue to constitute the actual business environment. - FY2022-Q3First statedAnnual report
「During the cumulative third quarter period, Japan’s economy began to show signs of recovery as COVID-19 vaccinations progressed and economic activity resumed. However, the outlook remained uncertain due to semiconductor shortages, global supply chain disruptions, soaring fuel prices, and the impact of the situation in Ukraine.」
For the first time, it lists semiconductor supply shortages, supply chain disruptions, soaring fuel prices and the impact of the situation in Ukraine as external factors making the economic outlook uncertain.