Impact of the Ukraine conflict and higher resource prices on economic activity
First written in FY2022-Q3. 1 of 10 entries say "Dropped", first in FY2022. Latest entry: 2026-05-15.
Precision System Science moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 46 of 79 companies on the "Worse" side.
37 other companies' latest entry also says "Worsened".
- 2026-05-15WorsenedEarnings
「一部地域での紛争継続による不確実性や米国の保護主義的な政策による貿易摩擦の長期化、混乱に加え、中東ホルムズ海峡封鎖で生じた原油価格高騰により不透明な状況が続きました。」
従来からの紛争・保護主義による不確実性に加え、ホルムズ海峡封鎖による原油価格高騰が外部環境の不透明要因として追加された。 - FY2026-H1U.S. protectionism and trade friction explicitly citedAnnual report
「During the interim consolidated accounting period, the global economy was on a recovery trend, supported by slower inflation and resilient economic activity. However, uncertainty persisted due to ongoing conflicts in some regions and worsening trade friction resulting from protectionist policies in the United States.」
Regarding uncertainty in the global economy, worsening trade friction resulting from protectionist U.S. policies was explicitly identified as a new factor, in addition to ongoing conflicts. At the same time, the economy was described as being on a recovery trend, supported by slower inflation and resilient economic activity. - FY2025Continued expansion of global economic risk factorsAnnual report
「Meanwhile, concerns have arisen about a downside to the global economy due to the prolonged situation in Ukraine, developments in the Middle East, and growing uncertainty over the outlook for the Chinese economy, as well as the spillover effects of changes in U.S. government policy on signs of a recovery in trade and inflation that had temporarily subsided.」
In addition to the situations in Ukraine and the Middle East and the Chinese economy, the spillover effects of changes in U.S. government policy were described as new downside factors. - FY2025-H1Expansion of global economic risk factorsAnnual report
「Meanwhile, concerns have arisen about a downside to the global economy due to the prolonged situation in Ukraine, developments in the Middle East, and growing uncertainty over the outlook for the Chinese economy, as well as the spillover effects of changes in U.S. government policy on signs of a recovery in trade and inflation that had temporarily subsided.」
In addition to the previously cited situation in Ukraine, inflation and the slowdown in the Chinese economy, the situation in the Middle East and the spillover effects of changes in U.S. government policy were described as downside factors for the global economy. - FY2024-Q2Expansion of geopolitical challenges and global economic slowdownAnnual report
「The global economy was trending toward a slowdown due to geopolitical challenges, including Ukraine and Israel, and the continued monetary tightening policies adopted by countries in response to high inflation. The outlook remained uncertain.」
External risks to the global economy were described as including geopolitical issues involving Israel and other countries, in addition to the previously cited situation in Ukraine, while the economy was reported to be slowing as monetary tightening continued in response to high inflation. - FY2024-Q1Global economic slowdown due to geopolitical challenges and high inflationAnnual report
「The global economy was trending toward a slowdown due to geopolitical challenges, including Ukraine, and the continued monetary tightening policies adopted by countries in response to high inflation. The outlook remained uncertain.」
Global economic risks were explicitly described as including a slowdown caused by geopolitical challenges such as Ukraine and continued monetary tightening in response to high inflation. - FY2023RestatedAnnual report
「Although the spread of COVID-19 in Japan showed signs of subsiding, the prolonged situation surrounding Ukraine, continued inflation and China’s economic slowdown were affecting global economic activity, and economic conditions remained difficult to predict.」
While COVID-19 in Japan was said to be trending toward containment, the full-year disclosure also cited the prolonged situation in Ukraine, inflation and China’s economic slowdown as sources of uncertainty for the global economy. - FY2023-Q3Ukraine situation, inflation and China’s economic slowdown mentioned againAnnual report
「During the nine-month period under review, Japan's economy showed signs that the spread of the novel coronavirus disease (COVID-19) was beginning to subside domestically. Globally, however, the prolonged situation surrounding Ukraine, persistent inflation and China's economic slowdown have affected global economic activity, and economic conditions remain difficult to predict.」
The impact of the situation in Ukraine, whose mention had disappeared from the FY2022 full-year disclosure, was explicitly stated again. This time, the external factors cited were the prolonged situation, persistent inflation and China’s economic slowdown, rather than higher resource prices. - FY2022DroppedAnnual report
「During the current consolidated fiscal year, the Japanese economy was significantly affected by the spread of COVID-19, which had a major impact on global economic activity, and the situation remained difficult to predict.」
In the FY2022 full-year description, the reference to the Ukraine conflict and higher resource prices that had been explicitly cited in the previous quarterly report was absent, and the explanation of the economic environment focused on COVID-19. - FY2022-Q3First statedAnnual report
「During the nine-month period ended the current third quarter, conditions remained unpredictable due to the adverse impact of the global spread of COVID-19 on global economic activity, as well as the effects of the conflict in Ukraine and high resource prices.」
The situation in which the Ukraine conflict and higher resource prices are affecting global economic activity was explicitly identified as a new external risk.