In response to the tense situation in Ukraine, about 20% of Japanese listed companies expanding into Russia have decided to suspend their business locally, according to a summary by a private credit bureau.
It is pointed out that in the future, strict attention will be paid to business in Russia, and it is expected that “away from Russia” will spread.
According to a summary by Teikoku Databank, a private credit bureau, 37 out of 168 Japanese listed companies operating in Russia, or 22%, have decided to suspend their business locally by the 15th and announced it. ..
Specifically, there are 22 companies that "stop trading" to suspend product shipments, 7 companies that "stop production" at local factories, and 4 companies that "stop business" at stores, etc., to Russia. It is said that many companies cite the turmoil in parts procurement and distribution due to economic sanctions.
On the other hand, compared to Western companies such as Apple, a major IT company, and IKEA, a major furniture company, who have forgotten their business for humanitarian reasons, it has been pointed out that there is a "temperature difference" in their response, and in the future, it will be a Japanese company. It is analyzed that it will be difficult to identify the business due to strict attention.
According to the company surveyed, "If the situation is prolonged, the number of companies that temporarily suspend Russian business from the viewpoint of corporate image in Japan will increase further in the future, and it is expected that" leaving Russia "will spread."