Uncertainty over the Outlook Due to the Situation in Ukraine
First written in FY2022-Q2. 2 of 6 entries say "Reframed", first in FY2023-Q1. Latest entry: FY2023.
Asahi Kagaku Kogyo 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: 45 of 80 companies on the "Worse" side.
50 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「However, the outlook remains uncertain due to the weaker yen and soaring resource and raw material prices attributable to Russia and the situation in Ukraine.」
While the impact of COVID-19 is easing, the company continues to describe uncertainty about the outlook due to soaring resource and raw material prices attributable to the situation involving Russia and Ukraine. - FY2023-Q3RestatedAnnual report
「Meanwhile, the outlook remains uncertain due to soaring resource and energy prices, among other factors, following Russia's invasion of Ukraine.」
Regarding the situation in Ukraine, the company continues to describe uncertainty about the outlook arising from soaring resource and energy prices against the backdrop of Russia's invasion. - FY2023-Q2ReframedAnnual report
「However, the outlook remains uncertain due to soaring resource and energy costs resulting from the situation involving Russia and Ukraine, among other factors.」
Regarding the situation in Ukraine, the description has changed from the previous wording of heightened and prolonged tensions to an uncertainty factor for the outlook arising from soaring resource and energy costs. - FY2023-Q1ReframedAnnual report
「In addition to the prolonged tensions surrounding Ukraine, the outlook remains uncertain due to substantial price increases caused by the weaker yen and soaring logistics costs.」
The situation in Ukraine referred to in the previous quarter continues to be described as prolonged tensions and as an uncertainty factor accompanied by rising prices and soaring logistics costs. - FY2022-Q3WorsenedAnnual report
「Prices have risen, including energy prices against the backdrop of soaring energy costs following Russia's military invasion of Ukraine and the yen's depreciation due to higher US interest rates, and the outlook remains uncertain.」
The situation in Ukraine referred to in the previous quarter is described as having materialized in the form of Russia's military invasion and as an uncertainty factor accompanied by soaring energy prices and rising inflation. - FY2022-Q2First statedAnnual report
「The impact of rising crude oil and raw material prices on personal consumption, the situation in Ukraine and other factors continue to make the outlook uncertain.」
The company has, for the first time, explicitly identified the situation in Ukraine as a factor contributing to uncertainty about the outlook, alongside rising crude oil and raw material prices.