Two months after Russia's military invasion of Ukraine, more than one-third of Japanese listed companies expanding into Russia have decided to suspend or withdraw from business by the first half of this month, a significant increase from a month ago. The results of the survey have been compiled.
According to Teikoku Databank, a private credit bureau, of the 168 Japanese listed companies operating in Russia, 60 companies, or 36% of the total, have decided to suspend or withdraw their businesses as of 11th of this month. I did.
This is a significant increase from the previous 37 companies surveyed on March 15, highlighting that the “leaving of Russia” of Japanese companies has accelerated further in about a month.
Looking at the breakdown,
▽ 31 companies "suspension of transactions" to suspend exports and shipments to Russian companies ▽
11 companies "suspension of production" of local factories ▽
9 companies "suspension of business" such as stores
And so on.
In addition, there were three companies in this survey that decided to withdraw from the Russian business, which was zero in the previous survey.
The company that investigated the fact that companies are reviewing their businesses in Russia one after another is expanding its business in Russia amid prolonged military invasion of Ukraine, in addition to logistics disruptions due to the effects of economic sanctions. After analyzing that the background is that criticism of companies is increasing internationally, he points out that "Japanese companies are likely to continue to move away from Russia more than ever."