Inflation Driven by Resource Prices and Exchange Rate Movements, and Uncertainty About the Outlook
First written in FY2023-Q2. 2 of 6 entries say "Restated". Latest entry: FY2025-H1.
toridori moved to the "Worse" side of this theme in 2025, 2 years after the typical company in this theme (2023).
The whole theme swung hardest in 2025: 14 of 20 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- FY2025-H1WorsenedAnnual report
「Meanwhile, prices for essential goods such as energy and food remained high, and households continued to face a significant burden. In addition, prolonged yen depreciation led to higher import costs, which at times put pressure on corporate earnings. Furthermore, renewed increases in global logistics costs and supply constraints for certain raw materials were observed, heightening concerns about procurement costs.」
In addition to continued high prices and yen depreciation, renewed increases in logistics costs and supply constraints for certain raw materials are cited, with concern about procurement costs spreading. - FY2024Continued High Prices and Yen DepreciationAnnual report
「Meanwhile, price increases continued to weigh heavily on household budgets, and surging energy and food prices at times constrained growth in personal consumption. The prolonged trend toward yen depreciation also contributed to higher import prices, which in turn pushed up corporate costs.」
The disclosure of uncertainty now specifically mentions price increases, higher energy and food prices, and higher import prices caused by yen depreciation. - FY2024-H1RestatedAnnual report
「Although economic activity in Japan was moving toward normalization during the current interim consolidated accounting period, the environment surrounding our group remained uncertain due in part to prolonged geopolitical risks and global monetary tightening.」
Uncertainty caused by prolonged geopolitical risks and global monetary tightening continues to be described. - FY2024-Q1ReframedAnnual report
「Although economic activity in Japan was moving toward normalization during the first quarter of the current consolidated cumulative period, the environment surrounding our group remained uncertain due in part to prolonged geopolitical risks and global monetary tightening.」
Uncertainty continues, but the main factors cited have shifted from price increases caused by resource prices and foreign exchange movements to prolonged geopolitical risks and global monetary tightening. - FY2023-Q3RestatedAnnual report
「The outlook remains uncertain, including because of price increases associated with fluctuations in resource prices and foreign exchange rates.」
Price increases caused by resource prices and foreign exchange movements and the resulting uncertainty continue to be described as business environment risks. - FY2023-Q2First statedAnnual report
「The outlook remains uncertain, including because of price increases associated with fluctuations in resource prices and foreign exchange rates.」
Price increases caused by resource prices and foreign exchange movements are identified for the first time as factors behind continued uncertainty.