Uncertainty over the outlook stemming from the situation in Ukraine, inflation and exchange-rate fluctuations
First written in FY2024-Q3. 4 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 3 of 8 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「If economic conditions or business trends deteriorate in the future and companies reduce investment in IT systems and related areas, market expansion may fall short of our expectations and affect our operating results and financial condition.」
The company continues to disclose the risk of depressed IT investment and market growth falling short of expectations due to deteriorating economic and business conditions. - FY2026-H1RestatedAnnual report
「Japan's economy during the interim accounting period remained uncertain due to the Bank of Japan's decision to raise its policy interest rate and indication that it may raise it further, as well as sharp fluctuations in foreign exchange and stock markets.」
Uncertainty caused by policy rates and foreign exchange and stock-market volatility continues to be described as part of the external environment. - FY2025RestatedAnnual report
「If economic conditions or business trends deteriorate in the future and companies reduce investment in IT systems and related areas, market expansion may fall short of our expectations and affect our operating results and financial condition.」
The company continues to describe the risk that an economic downturn could depress IT investment and cause market growth to fall short of expectations. - FY2025-H1ReframedAnnual report
「Japan's economy during the interim accounting period remained uncertain due to the Bank of Japan's decision to raise its policy interest rate and indication that it may raise it further, as well as sharp fluctuations in foreign exchange and stock markets.」
The description of the external environment has shifted from the situation in Ukraine and inflation concerns to uncertainty caused by policy-rate increases and foreign exchange and stock-market volatility. - FY2024DroppedAnnual reportThe latest annual securities report does not contain the specific combination of the situation in Ukraine, global inflation concerns and sharp foreign exchange fluctuations included previously.
- FY2024-Q3First statedAnnual report
「The outlook remains uncertain due to the prolonged situation in Ukraine, concerns about global inflation and sharp fluctuations in foreign exchange rates.」
External uncertainty is identified as a risk factor, although no new business or other risks or material changes occurred during the quarter.