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Over 60% of Japanese companies think Russian invasion of Ukraine will have negative impact on corporate activities, Teikoku Databank poll

  • March 8, 2022
  • , Yomiuri , p. 9
  • JMH Translation

According to a Teikoku Databank poll, over 60% of Japanese companies surveyed said they anticipate that the Russian invasion of Ukraine will have a negative impact on their corporate activities. Many expressed concern that the skyrocketing prices of crude oil and grains will increase their costs [of materials].

 

Teikoku Databank conducted the questionnaire survey from Feb. 25–28 online, and about 1,400 companies responded.

 

A total of 61.0% of respondents said that the Ukraine situation will have a negative impact on their business activities, with 36.7% saying it will have a “negative impact” and 24.3% saying it will have a “somewhat negative impact.”

 

A notable number of respondents expressed concern about skyrocketing energy prices with a healthcare, welfare, and public health company located in Osaka Prefecture saying, “We anticipate crude oil and natural gas prices will rise and so our electricity, gasoline, and gas expenses will increase.” Some respondents said they are concerned about restrictions on imports of raw materials from Russia and shipments to Russia.

 

By industry, over 70% of companies in “transport and warehousing,” “food and beverages and feed manufacturing,” and “steel, nonferrous metals, and mining” said they anticipate the Ukraine situation will have a negative impact.

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