Ukraine Situation, Resource Prices and Exchange-Rate Fluctuations
First written in FY2023. 5 of 9 entries say "Restated". Latest entry: 2026-08-07.
Qualtec moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
The whole theme swung hardest in 2025: 3 of 8 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If economic conditions slow because of higher prices and foreign-exchange movements caused by Russia’s invasion of Ukraine and deteriorating conditions in the Middle East, and customers’ performance deteriorates or their investment behavior changes sharply, this may affect our business results and financial position.」
The company continues to disclose geopolitical risks associated with Ukraine, the Middle East, inflation and foreign-exchange movements. - FY2025-H1RestatedAnnual report
「The global economy is expected to grow moderately, and the U.S. economy remains solid. However, the effects of uncertainty surrounding U.S. policy, the slowdown in the Chinese economy, and geopolitical risks in Ukraine and the Middle East are expected to affect future developments, and uncertainty remains high.」
The company continues to describe an uncertain economic environment, including U.S. policy, the slowdown in China and geopolitical risks in Ukraine and the Middle East. - FY2024RestatedAnnual report
「If economic conditions slow because of higher prices and foreign-exchange movements caused by Russia’s invasion of Ukraine and deteriorating conditions in the Middle East, and customers’ performance deteriorates or their investment behavior changes sharply, this may affect our business results and financial position.」
The company continues to disclose geopolitical risks associated with Ukraine, the Middle East, inflation and foreign-exchange movements. - FY2024-Q3RestatedAnnual report
「In global affairs, the situation in Ukraine has still not been brought to an end, while tensions in the Middle East are increasing, and the possibility of a significant negative impact on the domestic economy cannot be ruled out.」
The risk of an impact on the domestic economy from the prolonged situation in Ukraine and heightened tensions in the Middle East continues. - FY2024-Q2WorsenedAnnual report
「There are no signs that the risks of an economic downturn caused by deteriorating conditions in the Middle East, the prolonged situation in Ukraine and high resource prices have been resolved, and the outlook for the economy remains difficult to assess.」
In addition to the situation in Ukraine and resource-price risks, the company cites deteriorating conditions in the Middle East and states that economic-downturn risks remain unresolved. - FY2023First statedAnnual report
「Amid high resource prices and an unstable international situation following Russia’s invasion of Ukraine, we expect an uncertain business environment to continue for the time being.」
The company identifies inflation, foreign-exchange movements, an economic slowdown, deterioration in customers’ performance and changes in their investment behavior as risks.