Foreign Exchange, Economic, Political, and Legal and Regulatory Risks Associated with Overseas Expansion
First written in FY2020. 7 of 14 entries say "Restated". Latest entry: FY2027-H1.
VisasQ moved to the "Worse" side of this theme in 2025, 6 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".
- FY2027-H1RestatedAnnual report
「Meanwhile, the global economy remained in a highly uncertain environment, including geopolitical risks surrounding the situation in the Middle East.」
The company states that geopolitical risks that could affect its overseas business and uncertainty in the global economy are ongoing. - FY2026WorsenedAnnual report
「The Consulting and Financial Services (overseas customers) business, a business segment whose primary customers are consulting firms, financial institutions and other organisations outside Japan, recorded approximately 9% negative growth in transaction volume compared with the same period of the previous year. Economic conditions remain uncertain due to US trade policy and other factors and heightened geopolitical risks, but initiatives including the use of AI are being implemented to restore profitability.」
Transaction volume in the overseas customer business fell approximately 9% year on year, while uncertainty resulting from U.S. trade policy and geopolitical risks has continued. - 2026-05-08WorsenedGeneral Meetings of Shareholders
「Overseas, although economic conditions are changing mainly in Europe and the United States, we are working to improve productivity and take other measures so that we can generate profit regardless of the external environment.」
In addition to changing economic conditions in Europe and the United States, the company described uncertainty surrounding US tariff and interest-rate policies and identified profit generation less dependent on the external environment as an issue. - FY2026-H1WorsenedAnnual report
「Global ENS overseas operations, a business segment whose primary customers are consulting firms, financial institutions and other organisations outside Japan, recorded an 11% decline in transaction volume compared with the same period of the previous year. Although external conditions in the United States, including financial and trade policies, remain uncertain, we aim to restore profitability through initiatives including the use of AI.」
Transaction volume in the overseas business fell 11% year on year, while uncertainty in the external environment, including U.S. financial and trade policies, has continued. - FY2025RestatedAnnual report
「Overseas expansion involves a wide range of risks, including foreign exchange fluctuations, economic conditions in countries of operation, political instability and changes in laws and regulations. Although our group plans to expand its business after taking sufficient measures to minimize these risks, unforeseen risks may affect our group’s operating results and financial position.」
The company continues to list foreign exchange, economic, political and regulatory risks, assuming expansion into additional overseas regions. - FY2025-H1SoftenedAnnual report
「Although the economies of Europe and the United States remain difficult to forecast, current economic conditions continue to be strong.」
Compared with the previous disclosure that the European and U.S. economies were slowing and the U.S. business environment remained unstable, the company states that current conditions remain strong despite the continued lack of visibility. - FY2024-Q3RestatedAnnual report
「The economies of Europe and the United States are slowing under the impact of high prices and monetary tightening. In the global ENS business, which primarily serves global consulting firms, financial institutions and other customers, the business environment in the United States has remained unstable due to factors including turmoil in the equity markets resulting from interest-rate policy.」
The company continues to disclose the slowdown in the European and U.S. economies and the unstable business environment resulting from U.S. interest-rate policy and turmoil in the equity markets. - FY2024-Q2RestatedAnnual report
「The economies of Europe and the United States are slowing under the impact of high prices and monetary tightening.」
The company continues to disclose the slowdown in the European and U.S. economies as an external-environment factor associated with overseas expansion. - FY2024-Q1RestatedAnnual report
「The economies of Europe and the United States are slowing under the impact of high prices and monetary tightening. In the global ENS business, which primarily serves global consulting firms, financial institutions and other customers, the business environment in the United States has remained unstable due to factors including turmoil in the equity markets resulting from interest-rate policy.」
The company continues to disclose the slowdown in the European and U.S. economies and the unstable U.S. business environment as external-environment factors associated with overseas expansion. - FY2023-Q3RestatedAnnual report
「In the global ENS business, which primarily serves global consulting firms, financial institutions and other customers, business conditions among domestic clients have remained particularly strong. In the United States, by contrast, the business environment has remained unstable due to factors including turmoil in the equity markets resulting from interest-rate policy.」
The company states that, in contrast to strong business conditions in Japan, the business environment in the United States remains unstable against a backdrop of interest-rate policy and turmoil in the equity markets. - FY2023-Q2WorsenedAnnual report
「In the global ENS business, which primarily serves global consulting firms, financial institutions and other customers, business conditions among domestic clients have remained particularly strong. In the United States, by contrast, the business environment has remained unstable due to factors including turmoil in the equity markets resulting from interest-rate policy.」
The company states that, regarding external-environment risks associated with overseas expansion, the business environment in the United States remains unstable against a backdrop of interest-rate policy and turmoil in the equity markets. - FY2022-Q3WorsenedAnnual report
「Our group has so far operated primarily in Japan and the Republic of Singapore, but will also consider further overseas expansion. In particular, the acquisition of Coleman Research Group, Inc. will significantly expand our group’s operations through expansion into the United States, Europe and Hong Kong. If risks arise from foreign exchange fluctuations, economic conditions in each country, changes in laws and regulations or other factors, this may affect our group’s operating results and financial position.」
The acquisition has significantly expanded the regions covered and the scale of the overseas business, increasing exposure to foreign exchange, economic and regulatory risks in each country. - FY2021RestatedAnnual report
「Overseas expansion involves a wide range of risks, including foreign exchange fluctuations, economic conditions in countries of operation, political instability and changes in laws and regulations. Although our group plans to expand its business after taking sufficient measures to minimize these risks, unforeseen risks may affect our group’s operating results and financial position.」
The company continues to list the foreign exchange, economic, political and regulatory risks associated with overseas expansion. - FY2020First statedAnnual report
「Overseas expansion involves a wide range of risks, including foreign exchange fluctuations, economic conditions in countries of operation, political instability and changes in laws and regulations. Although we plan to expand our business after taking sufficient measures to minimize these risks, unforeseen risks may affect our operating results and financial position.」
The company lists external-environment risks associated with overseas expansion.