Political, Economic and Exchange-Rate Fluctuations in Global Operations
First written in FY2021. 5 of 10 entries say "Worsened", first in FY2022. Latest entry: 2026-05-14.
Japan System Techniques moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2025: 72 of 118 companies on the "Worse" side.
73 other companies' latest entry also says "Restated".
- 2026-05-14RestatedRevision of earnings forecasts
「We recognize that uncertainty is expected to persist in the business environment surrounding our group due to the prolonged geopolitical risks and increases in raw-material and labor costs.」
The prolonged geopolitical risks and increases in raw-material and labor costs continued to be identified as risks creating uncertainty in the future business environment. - FY2025WorsenedAnnual report
「Our Group has multiple overseas subsidiaries in China, ASEAN, South Asia and the Middle East. Changes in policies and laws and regulations resulting from changes in the political, economic and social conditions in the countries and regions where these companies operate, as well as the outbreak of international conflicts, may affect the operating results and financial position of our Group by causing the suspension of system and service provision to customers or foreign exchange rate fluctuations.」
The regions subject to overseas risks were explicitly expanded from China and ASEAN to South Asia and the Middle East, and risks related to social conditions, international conflicts and suspension of service provision were added. - FY2024-Q3RestatedAnnual report
「During the cumulative third-quarter period of the consolidated fiscal year, Japan's economy moved towards normalisation of domestic economic activity as employment and income conditions improved and inbound demand recovered. However, a global sense of recession persisted, and the outlook remained uncertain due to prolonged instability in international conditions, rising prices and an economic slowdown resulting from monetary tightening policies centred on Europe and the United States.」
Instability in international conditions, rising prices, an economic slowdown due to monetary tightening in Europe and the United States, and a global sense of recession continue to be described as sources of uncertainty in the external environment. - FY2024-Q2WorsenedAnnual report
「During the cumulative second-quarter period, Japan's economy moved towards normalisation of domestic economic activity as employment and income conditions improved and inbound demand recovered. However, a global sense of recession persisted, and the outlook remained uncertain due to higher energy and raw material prices resulting from the prolonged situation in Ukraine, yen depreciation and rising prices caused by continued interest-rate increases in Europe and the United States, and growing concern over a slowdown in the Chinese economy.」
In addition to the previously disclosed overseas political, economic and foreign exchange risks, the prolonged situation in Ukraine, higher energy and raw material prices, yen depreciation and rising prices associated with interest-rate increases in Europe and the United States, and concern over a slowdown in the Chinese economy were listed, expanding the sources of uncertainty in the external environment. - FY2024-Q1RestatedAnnual report
「The outlook for the economy remains uncertain due to factors including higher resource prices against the backdrop of the situation in Russia and Ukraine, monetary policy in Japan and the United States, and sudden foreign exchange fluctuations arising from differences in economic conditions.」
The uncertainty surrounding the economic outlook due to higher resource prices against the backdrop of the situation in Russia and Ukraine, monetary policy in Japan and the United States, and sudden foreign exchange fluctuations continues to be disclosed. - FY2023-Q3RestatedAnnual report
「Consumer activity was gradually returning to normal as restrictions were eased with the wider availability of COVID-19 vaccinations, but the economic outlook remained uncertain due to surging resource prices against the backdrop of the Russia-Ukraine situation, monetary easing measures in Japan and the United States, and significant foreign exchange fluctuations arising from differences in economic conditions.」
Uncertainty in the operating environment due to overseas conditions, resource prices and foreign exchange fluctuations continues, and recognition of the political, economic and foreign exchange risks associated with global operations remains unchanged. - FY2023-Q2WorsenedAnnual report
「The outlook for the economy remains uncertain due to factors including higher resource prices against the backdrop of the situation in Russia and Ukraine, monetary easing measures in Japan and the United States, and substantial foreign exchange fluctuations arising from differences in economic conditions.」
In addition to the previously disclosed overseas political, economic and foreign exchange risks, higher resource prices and substantial foreign exchange fluctuations against the backdrop of the situation in Russia and Ukraine were specified as sources of uncertainty in the operating environment. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter of the current fiscal year, Japan's economy remained subject to an uncertain outlook. Consumer activity was gradually returning to normal as restrictions were eased with the wider availability of COVID-19 vaccinations, but volatility in foreign exchange markets against the backdrop of the Russia-Ukraine situation and surging resource prices continued to weigh on the economic outlook.」
Foreign exchange rate fluctuations and higher resource prices against the backdrop of the situation in Russia and Ukraine were described as additional sources of uncertainty alongside the previously disclosed political, economic and foreign exchange risks associated with overseas operations. - FY2022WorsenedAnnual report
「Changes in policies and laws and regulations resulting from changes in international relations, changes in economic conditions and foreign exchange rate fluctuations in the countries and regions where the Group companies operate may affect the financial position and operating results of our Group.」
For overseas business risks, changes in policies and laws and regulations resulting from changes in international relations were specified in addition to the previously disclosed political and economic conditions and foreign exchange fluctuations. - FY2021First statedAnnual report
「Changes in political and economic conditions and foreign exchange rate fluctuations in the countries and regions where the Group companies operate may affect the financial position and operating results of our Group.」
The company newly specified the risks associated with local political and economic conditions and foreign exchange fluctuations arising from having multiple overseas subsidiaries.