Currency-market instability and geopolitical factors
First written in FY2023-Q3. 5 of 10 entries say "Restated". Latest entry: FY2026.
Kyoritsu 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 2022: 159 of 183 companies on the "Worse" side.
22 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The outlook for the economy remains uncertain, as heightened tensions in the Middle East are expected to cause further inflation through shortages of oil-related products and higher oil prices.」
In place of the previous focus on the Russia-Ukraine situation and concerns about the Chinese economy, the company identifies heightened tensions in the Middle East and higher oil prices as new major factors contributing to uncertainty. - 2026-05-15WorsenedEarnings
「中東情勢の緊迫化により原油関連の枯渇・価格上昇に伴い更なる物価高が見込まれる」
従来の国際情勢・為替・物価に関する不透明要因に、中東情勢の緊迫化を新たに加えている。 - FY2025ReframedAnnual report
「At the same time, concerns remain about the impact on the economy of policy uncertainty in the United States and other countries and monetary tightening.」
The company has identified policy uncertainty in other countries and the economic impact of monetary tightening as new factors contributing to uncertainty, in addition to the previously cited Russia-Ukraine situation, weak yen, and energy prices. - FY2025-H1WorsenedAnnual report
「However, due to the prolonged Russian invasion of Ukraine and concerns about a slowdown in the Chinese economy, the outlook remains uncertain, with the weak yen and elevated energy prices expected to persist.」
In addition to the existing concerns over the Russia-Ukraine situation and the weak yen, the company identifies concerns about a slowdown in the Chinese economy and prolonged high energy prices as factors contributing to uncertainty. - FY2024RestatedAnnual report
「However, the outlook remains uncertain due to the prolonged Russia-Ukraine issue and downside risks to overseas economies.」
The company also indicates an uncertain operating environment for the full year due to the Russia-Ukraine issue, downside risks to overseas economies, and the weak yen. - FY2024-Q3RestatedAnnual report
「During the 3rd quarter cumulative consolidated period, the Japanese economy remained in an uncertain situation, as high energy prices and the ongoing depreciation of the yen, resulting from unstable international conditions, were accompanied by soaring prices and disruptions in the procurement of materials.」
The company continues to describe an uncertain operating environment due to unstable international conditions, persistently high energy prices, the weak yen, and soaring prices. - FY2024-Q2RestatedAnnual report
「Although inbound demand is recovering as restrictions on activities related to COVID-19 have been eased and economic activity is normalizing, the outlook remains uncertain due to rising prices caused by persistently high energy prices and the ongoing depreciation of the yen.」
The uncertain operating environment caused by the weak yen, energy prices, and rising prices continues. - FY2024-Q1RestatedAnnual report
「The outlook remains uncertain due to elevated raw-material and energy prices resulting from the prolonged Russia-Ukraine situation and rising prices associated with foreign-exchange movements.」
An uncertain operating environment caused by geopolitical factors, raw-material and energy prices, and foreign-exchange movements continues. - FY2023RestatedAnnual report
「Higher energy prices stemming from Russia's invasion of Ukraine and the impact of an unstable foreign-exchange market have led to continued increases in fuel and other material prices, and the challenging operating environment persists.」
The effects of geopolitical factors, foreign exchange, and energy and material prices continued throughout the full year. - FY2023-Q3First statedAnnual report
「The challenging operating environment continues, as an unstable foreign-exchange market and higher energy prices stemming from Russia's invasion of Ukraine have led to persistently high fuel costs and continued increases in the prices of various materials.」
The company describes foreign exchange, the invasion of Ukraine, energy prices, and fuel and material prices as interrelated operating-environment risks.