Impact of Geopolitical Risks and Protracted Conflicts on the Economy and Purchasing Behavior
First written in FY2024. 3 of 4 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
「The impact of these circumstances on the Group's business is currently limited. However, if prolonged circumstances cause the economy to slow through higher prices and exchange-rate fluctuations, and customers' business performance deteriorates or their purchasing behavior changes sharply, the Group's operating results and financial position may be affected.」
The Group continues to disclose geopolitical risks, including the situations in Ukraine and the Middle East, stating that their current impact is limited while noting the potential effects of prolonged conditions on prices, foreign exchange rates and purchasing behavior. - FY2026-H1RestatedAnnual report
「Meanwhile, concerns about a slowdown in overseas economies have increased amid prolonged geopolitical tensions and growing uncertainty surrounding the trade policies of various countries, and uncertainty continues regarding the outlook, including the impact on domestic prices and financial and capital markets.」
In addition to geopolitical tensions, the company indicates uncertainty over trade policies and concerns about a slowdown in overseas economies, continuing to disclose an uncertain external environment. - FY2025RestatedAnnual report
「At present, the impact of either conflict on our group's business is limited. However, if economic trends slow because of higher prices and exchange-rate fluctuations caused by protracted conflicts, and customers' performance deteriorates or their purchasing behavior changes sharply, our group's operating results and financial condition may be affected.」
The current impact of geopolitical risks, including the Russia-Ukraine situation and the Palestine-Israel conflict, is considered limited, but the potential effects of prolonged conflicts on prices, exchange rates and purchasing behavior continue to be disclosed. - FY2024First statedAnnual report
「As of the filing date, Russia's military invasion of Ukraine and the outbreak of conflict between Palestine and Israel, among other events, continue, and it remains difficult to foresee when geopolitical risks will subside.」
The Russia-Ukraine situation and the Palestine-Israel conflict were organized as a standalone risk item for the first time, with the possibility of changes in customer purchasing behavior through higher prices, exchange-rate fluctuations and economic slowdown disclosed.