Economic Uncertainty Caused by the Russia-Ukraine Situation
First written in FY2022-Q3. 4 of 6 entries say "Restated". Latest entry: FY2026.
Bushiroad 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.
6 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The outlook remained uncertain due to continued inflation, exchange-rate fluctuations, changes in social conditions and the effects of geopolitical risks.」
The wording was changed from the specific reference to the Russia-Ukraine situation to the more general wording of changes in social conditions and geopolitical risks. - FY2024-Q2RestatedAnnual report
「During the second quarter of the consolidated fiscal year, Japan’s economy continued to show signs of a recovery in social and economic activity. However, the economic outlook remained uncertain due to the prolonged Russia-Ukraine situation and rising domestic prices associated with exchange-rate fluctuations.」
The prolonged Russia-Ukraine situation and inflation associated with exchange-rate fluctuations continued to be identified as sources of uncertainty in the economic environment. - FY2024-Q1RestatedAnnual report
「On the other hand, the economic outlook remained uncertain due to the prolonged Russia-Ukraine situation and rising domestic prices associated with exchange-rate fluctuations.」
The prolonged Russia-Ukraine situation and inflation associated with exchange-rate fluctuations continued to be identified as sources of uncertainty in the economic environment. - FY2023-Q1RestatedAnnual report
「Although social and economic activity was moving toward normalization as restrictions on movement were eased, the outlook remained uncertain due to higher resource and raw material prices resulting from the prolonged Russia-Ukraine war and the rapid depreciation of the yen against the backdrop of differing monetary policies in Japan and the United States, while the impact of COVID-19 continued.」
Higher resource and raw material prices resulting from the prolonged Russia-Ukraine situation, as well as economic uncertainty, continued to be identified. - FY2022RestatedAnnual report
「The outlook remained uncertain, amid concerns over higher resource prices and inflation resulting from heightened tensions between Russia and Ukraine.」
Higher resource prices and inflation caused by tensions between Russia and Ukraine, as well as economic uncertainty, continued to be mentioned in the annual report. - FY2022-Q3First statedAnnual report
「In addition, economic uncertainty caused by tensions between Russia and Ukraine persisted, leaving the outlook uncertain.」
Economic uncertainty caused by tensions between Russia and Ukraine was first identified as a new source of uncertainty in the economic environment.