Increasing uncertainty in the economic and logistics environment due to the prolonged Russia-Ukraine situation
First written in FY2022. 3 of 7 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2025: 23 of 51 companies on the "Worse" side.
12 other companies' latest entry also says "Dropped".
- FY2026-H1DroppedAnnual reportThe description of the economic environment in the current interim consolidated accounting period contains no specific references to the situations in Ukraine or the Middle East.
- FY2025-H1Middle East situation addedAnnual report
「During the interim consolidated accounting period, Japan's economy remained on a recovery track, with economic activity recovering and corporate earnings remaining strong. Personal consumption is expected to recover as employment and wages improve, but instability in the outlook has continued due to geopolitical risks related to the situations in Ukraine and the Middle East, as well as a slowdown in the Chinese economy.」
The Company continues to indicate uncertainty about the outlook due to the situation in Ukraine and other factors, while adding the situation in the Middle East as a geopolitical risk. - FY2024-Q3RestatedAnnual report
「Regarding future economic conditions, uncertainty about the outlook cannot be dispelled amid international developments, including the situation in Ukraine, and sluggish consumer activity among the public due to rising consumer prices. The difficult economic environment is expected to continue for the time being.」
Uncertainty about the outlook continues due to international developments, including the situation in Ukraine, rising consumer prices and sluggish personal consumption. - FY2023-Q3RestatedAnnual report
「The escalating situation in Ukraine and high prices for resources such as crude oil and for raw materials persist, while rising prices resulting from the rapid depreciation of the yen and other factors have contributed to worsening corporate earnings and sluggish personal consumption. There are many concerns about economic conditions, and the outlook for the economy remains uncertain.」
Uncertainty about the outlook continues due to the situation in Ukraine, high resource and raw material prices, worsening corporate earnings and sluggish personal consumption. - FY2023-Q2WorsenedAnnual report
「There are many concerns about economic conditions, including the impact of the escalating situation in Ukraine, higher prices for resources such as crude oil and for raw materials, the rapid depreciation of the yen, worsening corporate earnings due to rising prices, and sluggish personal consumption,」
The Company explicitly identifies the escalating situation in Ukraine as a factor contributing to higher resource and raw material prices, worsening corporate earnings and sluggish personal consumption. - FY2023-Q1RestatedAnnual report
「Meanwhile, global developments, including the situation in Ukraine, have affected crude oil and raw material prices, while shortages of raw materials have caused production stagnation in various industries. Rising prices of essential goods have also affected personal consumption, and the rapid depreciation of the yen has created many concerns about economic conditions, leaving uncertainty about the outlook unresolved.」
The Company continues to identify global developments, including the situation in Ukraine, higher crude oil and raw material prices, production stagnation caused by raw material shortages, and the impact on personal consumption as factors contributing to uncertainty about the outlook. - FY2022First statedAnnual report
「Meanwhile, uncertainty about the outlook is expected to persist amid international developments resulting from the prolonged Russia-Ukraine situation and other factors,」
The Company has for the first time separately identified the prolonged Russia-Ukraine situation as a new external condition linked to international developments, higher fuel prices and impacts on capital investment and consumer activity.