Surging Resource and Other Prices Due to Russia’s Invasion of Ukraine and Other Factors
First written in FY2022. 4 of 9 entries say "Restated". Latest entry: 2026-07-29.
Gecoss 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: 45 of 80 companies on the "Worse" side.
10 other companies' latest entry also says "Materialised".
- FY2024-Q3RestatedAnnual report
「In the construction industry in which our group operates, demand remained solid, particularly for public investment, but profitability remained under pressure as material, logistics and other costs continued to stay high.」
The difficult profitability conditions caused by persistently high costs for materials and other items continue to exist, a point that has been reconfirmed. - FY2024-Q2RestatedAnnual report
「In the construction industry in which our group operates, public investment remained robust and there were signs of a recovery in capital investment, but profitability remained under pressure, mainly due to persistently high material and logistics costs.」
The difficult profitability conditions caused by persistently high material and logistics costs continue to exist, a point that has been reconfirmed. - FY2024-Q1RestatedAnnual report
「In the construction industry in which our group operates, public investment remained solid and there were signs of a recovery in capital investment, but profitability remained under pressure, mainly due to higher material and logistics costs.」
The difficult profitability conditions caused by higher material and logistics costs continue to appear in the actual business environment. - FY2023-Q3MaterialisedAnnual report
「In the construction industry in which our group operates, demand remained solid, particularly for public investment and large-scale urban redevelopment projects, but profitability remained under pressure due to rising material prices and other factors.」
The impact of soaring material prices is now appearing in the construction industry's deteriorating profitability, and the risk from rising resource and general prices continues. - FY2023-Q2WorsenedAnnual report
「We also believe that the rise in resource and food prices has not yet subsided and that uncertainty about the outlook remains unresolved.」
Regarding rising resource and food prices, the assessment has changed from concern over the increase in the previous quarter to recognition that the increase has not subsided. - FY2023-Q1ReframedAnnual report
「During the first three months of the fiscal year under review (April 2022 to June 2022), Japan's economy showed signs of a gradual recovery against the backdrop of progress toward normalizing economic and social activity. However, rising resource and food prices and the weakening yen continued to weigh on the economy, and we believe uncertainty about the outlook remains unresolved.」
The discussion of the risk of surging resource and general prices has been updated from the prior year's wording, which explicitly cited Russia's invasion of Ukraine, to wording identifying rising resource and food prices and the continuing depreciation of the yen as specific headwinds. - FY2022First statedAnnual report
「The impact of soaring resource prices and prices generally has spread, partly due to Russia’s invasion of Ukraine, and the Company believes that uncertainty about the economic outlook has increased.」
The surge in resource prices and general inflation resulting from Russia's invasion of Ukraine is identified as a new external risk to economic conditions and the business environment.