Japan Inc. draws up contingency plans as Ukraine tensions rise

From Sumitomo to Hitachi unit, companies keep close eye on geopolitical risks

20220208N Ukraine

Residents of Kharkiv march in a show of patriotism amid rising tensions with Russia on Feb. 5. In addition to strong agricultural and resource sectors, Ukraine is home to a thriving tech industry. © Reuters

YUJI NITTA and TAKAKO FUJIU, Nikkei staff writers

TOKYO -- Amid growing concerns that Russia may attack Ukraine, Japanese companies doing business in the Eastern European country are preparing for a potential crisis in the region by shifting supply chains and evacuating their employees.

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