Economic Uncertainty Due to the Situation in Ukraine and Rising Raw Material Prices
First written in FY2023-Q1. 4 of 9 entries say "Worsened", first in FY2023-Q2. Latest entry: 2026-08-13.
Gakkyusha 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: 22 of 48 companies on the "Worse" side.
16 other companies' latest entry also says "Worsened".
- 2026-08-13WorsenedEarnings
「Meanwhile, upward pressure on costs has continued due to price increases resulting from the escalating situation in the Middle East and the serious labor shortage. In addition, developments regarding further interest rate hikes by the Bank of Japan and foreign exchange fluctuations have left the outlook persistently uncertain.」
In addition to the existing uncertainties related to prices, labor shortages, monetary policy and foreign exchange, the company explicitly identifies price increases associated with the escalating situation in the Middle East. - FY2026-H1WorsenedAnnual report
「At the same time, pressure from rising costs caused by higher prices and an increasingly severe labour shortage continues, while the outlook remains uncertain owing to trends in domestic and overseas monetary policy, exchange-rate movements and heightened geopolitical risks.」
In addition to the previously cited prices, resource costs and yen depreciation, the company explicitly identifies pressure from rising costs caused by the increasingly severe labour shortage, monetary policy trends, exchange-rate movements and geopolitical risks as factors contributing to the uncertain outlook. - FY2024MaterialisedAnnual report
「While actively pursuing investment in personnel and facilities as described above, operating income declined year on year because the Company was unable to fully pass on the various inflation-driven cost increases to tuition fees.」
The company states that inflation-related costs associated with soaring resource and energy prices and rising prices caused by yen depreciation increased, and that insufficient pass-through to tuition fees actually resulted in a year-on-year decline in operating profit. - FY2024-Q3WorsenedAnnual report
「Meanwhile, the outlook remains uncertain due to factors including the global surge in resource and energy prices, rising prices caused by the yen’s continued depreciation, and heightened geopolitical risks.」
In addition to the previously cited soaring resource and energy prices and rising prices caused by yen depreciation, the company explicitly identifies heightened geopolitical risks as a factor contributing to the uncertain outlook. - FY2024-Q2MaterialisedAnnual report
「While actively investing in human resources and facilities as described above, the company was unable to pass on to tuition fees enough of the various cost increases caused by inflation, resulting in a slight year-on-year decline in operating profit compared with the corresponding quarter of the previous year.」
The company states that, in connection with the external environment of soaring resource and energy prices and rising prices, higher costs caused by inflation and insufficient pass-through to tuition fees actually resulted in a slight year-on-year decline in operating profit. - FY2023RestatedAnnual report
「At the same time, the outlook remains uncertain owing to soaring global resource and energy prices and rising prices resulting from the depreciation of the yen.」
The company continues to identify soaring resource and energy prices and rising prices caused by yen depreciation as factors contributing to the uncertain outlook. - FY2023-Q3ReframedAnnual report
「At the same time, the outlook remains uncertain owing to soaring global resource and energy prices and rising prices resulting from the depreciation of the yen.」
The explanation of factors contributing to the uncertain outlook has been reorganized from the previously cited situation in Ukraine, global monetary tightening and concerns about an economic downturn to soaring resource and energy prices and inflation caused by yen depreciation. - FY2023-Q2WorsenedAnnual report
「At the same time, the outlook remains uncertain, owing to soaring resource and energy prices resulting from the prolonged situation in Ukraine and concerns about an economic downturn against a backdrop of global monetary tightening.」
In addition to the previously cited prolonged situation in Ukraine, rising raw material prices and yen depreciation, the company identifies soaring resource and energy prices and concerns about an economic downturn caused by global monetary tightening as factors contributing to the uncertain outlook. - FY2023-Q1First statedAnnual report
「At the same time, the situation remains uncertain, owing to the prolonged situation in Ukraine, rising raw material prices and the sharp depreciation of the yen resulting from higher US interest rates.」
For the first time, the company identifies the prolonged situation in Ukraine, rising raw material prices and the sharp depreciation of the yen accompanying higher US interest rates as factors contributing to the uncertain outlook.