Downside to the economic and business environment from supply-side constraints
First written in FY2022-Q3. 3 of 8 entries say "Restated". Latest entry: FY2026.
Kyogoku unyu shoji moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 3 of 7 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「In the domestic transportation business, the operating environment has changed significantly, due to factors including higher fuel prices resulting from the destabilisation of international affairs, heightened geopolitical risks and exchange-rate movements.」
The company continues to recognize uncertainty in the supply and economic environment arising from geopolitical risks, foreign exchange movements and surging fuel prices. - FY2025-H1MaterialisedAnnual report
「Exports declined due to lower production at domestic plants caused by a shortage of semiconductor materials and weak overseas demand, resulting in lower revenue and lower profit.」
The supply-side constraint of a shortage of semiconductor materials materialized as lower production at domestic plants, leading to lower exports and lower revenue and profit in the international logistics business. - FY2024WorsenedAnnual report
「The outlook remains uncertain due to stagnant exports caused by China's economic downturn, the protracted conflict in Ukraine, the situation surrounding the Israel-Palestine conflict, surging crude oil and raw material prices resulting from the historically weak yen, and wage increases failing to keep pace with rising prices.」
Uncertainty in the supply and economic environment continues owing to stagnant exports, multiple geopolitical factors, yen depreciation, surging crude oil and raw material prices, and higher prices. - FY2023WorsenedAnnual report
「The economic outlook is expected to remain uncertain for the time being, owing to surging resource and energy prices and rising inflation caused by shortages of goods and labor as the invasion of Ukraine by Russia drags on.」
The disclosure explicitly identifies surging resource and energy prices and rising inflation caused by shortages of goods and labor, broadening the uncertainty surrounding supply constraints and the economic environment. - FY2023-Q3RestatedAnnual report
「In addition, close attention is required to the effects of higher prices, supply-side constraints, fluctuations in the financial and capital markets, and trends in infections in China.」
Downside risks in the economic environment, including higher prices, supply-side constraints and fluctuations in the financial and capital markets, continue to be cited, and attention to infection trends in China has been added. - FY2023-Q2RestatedAnnual report
「However, with global monetary tightening and other factors continuing, a downturn in overseas economies poses a risk of putting downward pressure on Japan's economy. In addition, the outlook remains uncertain amid higher prices, supply-side constraints and changes in the financial and capital markets.」
Downside risks in the economic environment, including supply-side constraints and higher prices, continue to be cited. - FY2022MaterialisedAnnual report
「During the consolidated fiscal year under review, the Japanese economy remained stagnant due to an increase in new COVID-19 cases and the global semiconductor shortage. However, from the second half of the year, economic activity moved toward normalization as COVID-19 vaccinations progressed, resulting in a moderate recovery trend. Nevertheless, the outlook for the economy once again became difficult to predict due to the spread of the Omicron variant and surging global energy and resource prices following Russia’s invasion of Ukraine.」
The global semiconductor shortage was cited as a supply-side constraint and an actual factor behind the economic slowdown, while higher energy and resource prices also became evident. - FY2022-Q3First statedAnnual report
「However, close attention must be paid to downside risks arising from supply-side constraints and trends in raw material prices.」
Supply-side constraints have newly been identified as a risk that could cause downside to the economic and business environment. Trends in raw material prices are also related to the existing risk of price fluctuations.