Economic Fluctuations and Stagnation in Overseas Talent Mobility
First written in FY2022. 4 of 9 entries say "Worsened", first in FY2023-Q2. Latest entry: 2026-05-14.
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- 2026-05-14WorsenedEarnings
「Meanwhile, the intensification of tensions in the Middle East has driven up crude oil prices and raised import costs, increasing cost-push inflationary pressure. The outlook for the economy therefore remains uncertain.」
The intensification of tensions in the Middle East, higher crude oil prices and rising import costs were newly identified as specific factors contributing to economic uncertainty. - FY2025ReframedAnnual report
「If the relative economic benefit of working in Japan declines because of yen depreciation or widening wage gaps with other countries, the number of new arrivals may decline and existing registrants may leave the country.」
The previous risk category of economic fluctuations and stagnation in overseas talent mobility was separated into economic fluctuations and changes in the foreign-resident population, with yen depreciation and wage gaps identified as factors that could reduce registrants. - FY2025-H1WorsenedAnnual report
「In the April–June 2025 quarter, the economy began to recover again, supported by resilient exports and strong corporate capital-investment appetite. However, uncertainty continued because of downside risks to exports from U.S. trade policy, weak personal consumption amid rising prices and heightened uncertainty from the Trump tariffs.」
The economy showed signs of recovery, but U.S. trade policy, the Trump tariffs and weak personal consumption caused by inflation were identified as uncertainties that could affect the economy and hiring market. - FY2024-H1RestatedAnnual report
「During the interim consolidated accounting period, Japan’s economy remained on a gradual recovery trend as economic activity was revitalized, including strong inbound demand from more foreign visitors following the reclassification of COVID-19 as a Class 5 disease. However, the outlook remained uncertain because of higher energy prices resulting from the prolonged situation in Ukraine and yen depreciation caused by U.S. monetary tightening.」
The economy was described as recovering gradually, while uncertainty caused by the situation in Ukraine, higher energy prices, U.S. monetary tightening and yen depreciation continued. - FY2024-Q1RestatedAnnual report
「Japan’s economy remained on a gradual recovery trend as economic activity was revitalized, including strong inbound demand from more foreign visitors following the reclassification of COVID-19 as a Class 5 disease. However, the outlook remained uncertain because of higher energy prices resulting from the prolonged situation in Ukraine and yen depreciation caused by U.S. monetary tightening.」
Although economic activity was recovering, uncertainty caused by the situation in Ukraine, higher energy prices, U.S. monetary tightening and yen depreciation continued. - FY2023RestatedAnnual report
「The recruitment market tends to be affected by changes in hiring trends accompanying economic fluctuations. We will continue working to secure highly skilled IT talent by expanding the job-seeker network and developing systems, but if the economy fluctuates beyond expectations, the Group’s business and results may be affected.」
The risks relating to economic fluctuations, hiring trends and stagnation in overseas talent mobility continue for Talent Solutions. - FY2023-Q3WorsenedAnnual report
「During the nine months ended, Japan’s economy remained uncertain as the yen weakened further in foreign-exchange markets, import prices rose and energy-resource prices remained high.」
The strengthening yen depreciation trend, higher import prices and elevated energy-resource prices continued to create uncertainty about the economic outlook. - FY2023-Q2WorsenedAnnual report
「During the six months ended, the global economy faced concerns about a slowdown as prices rose in various countries amid stagnating flows of goods and money caused by Russia’s invasion of Ukraine and monetary tightening by governments. In Japan, the yen remained weak, partly because monetary policy continued to differ from that of other countries, while energy prices and inflation remained difficult to contain.」
The company specifically described concerns about a slowdown caused by the invasion of Ukraine, inflation, monetary tightening and yen depreciation. No material changes were reported in the business-risk section. - FY2022First statedAnnual report
「If overseas talent mobility stagnates and the resulting outflow from the country continues longer than expected, the number of registered foreign workers may decline and the Group’s business may be affected.」
Changes in recruitment trends caused by economic fluctuations and changes in the number of foreign residents are identified as external risks to Talent Solutions.