Foreign Exchange, Regulatory and Country Risks Associated with Overseas Expansion
First written in FY2016. 2 of 8 entries say "Mitigated", first in FY2017. Latest entry: FY2026.
Will Group moved to the "Worse" side of this theme in 2021, 2 years after the typical company in this theme (2019).
The whole theme swung hardest in 2025: 72 of 118 companies on the "Worse" side.
14 other companies' latest entry also says "Other".
- FY2026Positive impact of yen depreciationAnnual report
「Because exchange rates moved toward yen depreciation year on year, there was a positive impact of approximately ¥582 million on revenue and approximately ¥30 million on segment profit.」
The impact changed from the negative effect of yen appreciation in the previous year, and yen depreciation became a factor boosting revenue and segment profit in the overseas Working business during the fiscal year. - 2026-05-14MitigatedEarnings
「Because the yen remained weaker year on year, foreign exchange had a positive impact of approximately ¥582 million on revenue and approximately ¥30 million on segment profit.」
Unlike the negative impact of yen appreciation on the overseas business reported previously, the current period benefited from yen depreciation. - FY2026-H1MaterialisedAnnual report
「Because exchange rates moved toward yen appreciation year on year, there was a negative impact of approximately ¥1,400 million on revenue and approximately ¥40 million on segment profit.」
Foreign exchange fluctuation risk in the overseas Working business materialized as a decline of approximately ¥1,400 million in revenue and approximately ¥40 million in segment profit due to yen appreciation. - FY2025Addition of a country with an overseas baseAnnual report
「The Group currently has operating bases in Singapore, Malaysia, Australia, the United States, China, Vietnam, the United Kingdom, Germany and Switzerland.」
Switzerland has been newly included among the countries with overseas bases, expanding the scope of economic, foreign exchange, regulatory, political and funds-transfer risks across multiple countries. - FY2021WorsenedAnnual report
「The Group currently has operating bases in Singapore, Malaysia, Australia, the United States, China, Vietnam, the United Kingdom and Germany.」
Country risks, including economic conditions, foreign exchange, regulations, political instability and restrictions on the movement of funds, are described on the basis that the countries in which the Group has overseas bases have expanded. - FY2018RestatedAnnual report
「To address these risks, the company takes avoidance measures for each country and project, including preventing the concentration of assets. However, if risks arising from political, economic or social instability in the relevant country or region materialize, this may affect the Group's operating results.」
The risks associated with the expansion of overseas operations, including foreign exchange, regulations, political, economic and social instability, and restrictions on the movement of funds, as well as measures to prevent the concentration of assets, continue to be described. - FY2017MitigatedAnnual report
「To address these risks, the company takes avoidance measures for each country and project, including preventing the concentration of assets,」
While continuing to recognize the foreign exchange, regulatory and country risks associated with overseas expansion, the company explicitly described avoidance measures such as preventing the concentration of assets. - FY2016First statedAnnual report
「The Group currently has affiliated companies, primarily in Singapore, and faces foreign exchange fluctuation risks in each country, as well as country risks arising from government regulations, political instability and restrictions on the movement of funds when expanding into other countries.」
The risks underlying the overseas expansion policy, including foreign exchange movements, government regulations, political, economic and social instability, and restrictions on the movement of funds, are described.