Economic, Foreign Exchange and Regulatory Risks Associated with Global Operations

「Meanwhile, the outlook remains uncertain due to concerns about the risk of a domestic economic recession resulting from the impact of U.S. trade policy on the global economy, rising prices and fluctuations in financial and capital markets.」

「In March, the Company’s European subsidiary Information Development Europe B.V. began providing cybersecurity-related services with the aim of expanding its IT services business in Europe and developing new businesses.」

「Meanwhile, the outlook remains uncertain due to concerns about the downside impact of overseas economic conditions, including continued high interest rates in Europe and the United States and uncertainty about the outlook for the Chinese economy, as well as the risk of a downturn in the domestic economy resulting from rising prices, international conditions and fluctuations in financial and capital markets.」

「With regard to Myanmar, we ended operations effective 31 March 2023 because the unstable political situation had continued for an extended period, but the impact on the performance of our group is minor.」

「Concerns remain about the outlook due to factors such as higher resource prices, continued yen depreciation and the risk of an economic downturn associated with global monetary tightening.」

「With regard to Myanmar, we are currently downsizing the business because the unstable political situation has continued for an extended period, but the impact on the performance of our group is minor.」

「Concerns remain about the outlook due to factors such as higher resource prices resulting from the prolonged Russian invasion of Ukraine and accelerating inflation caused by yen depreciation.」

「Concerns remain about the outlook due to factors such as higher resource prices resulting from the prolonged Russian invasion of Ukraine and accelerating inflation caused by yen depreciation.」

「The company is also monitoring the lockdown in the Shanghai area of China and the situation in Ukraine in Europe, but these have not had a significant impact on business activities at present.」

「Regarding the coup that occurred in Myanmar, the local subsidiary and relevant head-office departments have maintained close coordination, switched to remote work while prioritizing employee safety, and continued operations. The impact on operating results has also been minor.」

「The Global Business Promotion Department and the Corporate Strategy Department take the lead in monitoring the management status of each overseas location and changes in the external environment as appropriate. For individual risk events, the Group Risk Management Committee assesses the details and situation, monitors the progress of countermeasures, and verifies their effectiveness in efforts to reduce risk.」

「Meanwhile, although the global economy was on a gradual recovery path, conditions remained uncertain due to uncertainty surrounding U.S. policy management, rising geopolitical risks in Europe, and concerns about the outlook for emerging Asian economies, including China.」

「Amid a slowdown in emerging-market and resource-rich country economies and continued yen appreciation, conditions remained uncertain.」

「Various factors, including economic trends such as the global economy and foreign exchange, laws and regulations governing transactions, differences in business practices, and political and social changes, may affect the Group’s operating results and financial position.」