Geopolitical Risks from the Russia-Ukraine Situation and Dependence on China
First written in FY2022. 1 of 3 entries say "Restated". Latest entry: FY2026-H1.
Nissha 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".
- FY2026-H1WorsenedAnnual report
「In the United States, prices surged against the backdrop of heightened tensions in the Middle East and other factors, but the economy expanded moderately, supported by robust AI-related investment and increased personal consumption.」
In addition to existing geopolitical risks, heightened tensions in the Middle East were cited as a source of uncertainty in the global business environment through their impact on inflation. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, although the economy was recovering, concerns about an economic slowdown caused by monetary tightening centered on Europe and the United States and geopolitical risks remained, and the outlook continued to be uncertain.」
Concerns about an economic slowdown due to monetary tightening and geopolitical risks have continued, reaffirming the recognition of geopolitical risk. - FY2022First statedAnnual report
「In fiscal 2022, following Russia’s invasion of Ukraine and the growing possibility of a contingency involving Taiwan, the Group newly identified geopolitical risk as a material risk because some of its businesses depend on China for their distribution channels and supply chains. The Group has strengthened its efforts, including considering measures to ensure employee safety and business continuity.」
Against the backdrop of the Russia-Ukraine situation, the possibility of a contingency involving Taiwan, and dependence on China for distribution channels and supply chains, geopolitical risk was newly identified as a material risk.