Impact of Political, Economic and Foreign Exchange Fluctuations on Overseas Construction Projects
First written in FY2017. 3 of 4 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2020: 6 of 12 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「Our basic policy is to use foreign-currency revenue to fund foreign-currency expenses. However, because the amounts in the foreign-currency financial statements for overseas construction projects are translated into yen in our consolidated financial statements, those statements are affected by fluctuations in exchange rates between the yen and each foreign currency.」
The company has reconfirmed its foreign-exchange risk in the overseas business and specified the basic mitigation measure of using foreign-currency revenue to fund foreign-currency expenses. - FY2019RestatedAnnual report
「Because the construction and economic environments for overseas construction projects differ from those in Japan, business performance may be affected by political instability caused by terrorism, conflicts, and other events, fluctuations in economic conditions, and exchange-rate movements.」
The risks of fluctuations in political conditions, economic conditions, and exchange rates affecting overseas construction projects are reiterated. - FY2018RestatedAnnual report
「Because the construction and economic environments for overseas construction projects differ from those in Japan, business performance may be affected by political instability caused by terrorism, conflicts, and other events, fluctuations in economic conditions, and exchange-rate movements.」
The risks of fluctuations in political conditions, economic conditions, and exchange rates affecting overseas construction projects are reiterated. - FY2017First statedAnnual report
「Because the construction and economic environments for overseas construction projects differ from those in Japan, business performance may be affected by political instability caused by terrorism, conflicts, and other events, fluctuations in economic conditions, and exchange-rate movements.」
Against the backdrop of differences in the construction and economic environments unique to overseas projects, terrorism and conflicts, economic conditions, and exchange-rate movements were listed independently as business risks for the first time.