Uncertainty over the outlook for the business environment due to the Ukraine crisis and other factors
First written in FY2022. 3 of 5 entries say "Worsened", first in FY2023. Latest entry: FY2026.
The whole theme swung hardest in 2022: 104 of 134 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「Uncertainty persisted due to geopolitical risks arising from the impact of US tariff policy, the prolonged conflict in Ukraine and worsening conditions in the Middle East.」
In addition to the conflict in Ukraine and the situation in the Middle East, the impact of US tariff policy was explicitly identified as a source of uncertainty in the business environment. - FY2025WorsenedAnnual report
「The global economy during the consolidated fiscal year remained uncertain due to geopolitical risks, including the prolonged conflict in Ukraine and the situation in the Middle East.」
In addition to the prolonged conflict in Ukraine and concerns over energy supplies, geopolitical risks, including the situation in the Middle East, were explicitly identified as sources of uncertainty. - FY2024RestatedAnnual report
「Uncertainty persisted due to monetary tightening by central banks overseas in response to inflation and concerns over energy supplies resulting from the prolonged conflict in Ukraine.」
Uncertainty in the business environment due to high inflation, monetary tightening, the prolonged conflict in Ukraine and concerns over energy supplies continues. - FY2023WorsenedAnnual report
「Uncertainty persisted due to monetary tightening by central banks overseas in response to high inflation and concerns over energy supplies resulting from the prolonged conflict in Ukraine.」
Regarding the situation in Ukraine, the disclosure became more specific, moving from the previous year's statement about uncertainty over the outlook to a description of the continuing prolonged conflict and concerns over energy supplies. - FY2022First statedAnnual report
「Although the impact of the COVID-19 pandemic and the situation in Ukraine makes the outlook uncertain, we expect the order environment to be broadly in line with the previous year.」
External factors, including the situation in Ukraine, were identified as sources of uncertainty over the outlook. The company expects the order environment to be broadly in line with the previous year.