Impact of Geopolitical Risks
First written in FY2018-Q2. 9 of 17 entries say "Worsened", first in FY2022. Latest entry: 2026-08-07.
Kyoritsu Maintenance moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 46 of 79 companies on the "Worse" side.
32 other companies' latest entry also says "Restated".
- 2026-08-07RestatedFinancial results
「Market volatility has increased further because of instability in global conditions, while resource and raw material prices continued to rise owing to the situation in the Middle East and the ongoing weak-yen environment, leaving the outlook persistently uncertain.」
Instability in global conditions, including the situation in the Middle East, continued to be identified as an external source of uncertainty. - FY2026WorsenedAnnual report
「We recognize the need to closely monitor the impact of geopolitical risks, including the situation in the Middle East, and rising prices.」
The situation in the Middle East was explicitly identified as a geopolitical risk and described, together with the impact of rising prices, as a factor requiring close monitoring. - 2026-05-15RestatedRevision of earnings forecasts
「At the same time, we recognize the need to closely monitor the effects of geopolitical risks, including the situation in the Middle East, and rising prices.」
Geopolitical risks, including the situation in the Middle East, and rising prices continued to be listed as matters requiring attention in the next fiscal year. - FY2025-H1WorsenedAnnual report
「The uncertain outlook continued, owing to unstable international conditions, including the situation in the Middle East, and persistently high energy and raw material prices.」
In addition to the Russia-Ukraine issue and other factors previously cited, the situation in the Middle East was included as a specific example of unstable international conditions. - FY2024WorsenedAnnual report
「The recent business environment surrounding the Company is expected to benefit from increased demand for business travel and leisure in Japan, as well as expanding inbound demand, since the fiscal year ending March 2025 will be the first year since 2019 without travel restrictions throughout the year. At the same time, uncertainty in the global situation is increasing due to factors such as monetary policy in Europe and the United States, the prolonged Russia-Ukraine issue and the Gaza conflict spreading across the Middle East.」
The Gaza conflict has been added as a new specific example of geopolitical risk, alongside the prolonged Russia-Ukraine issue. - FY2024-Q3WorsenedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the impact of COVID-19 on economic activity had largely dissipated, but the economy continued to face an uncertain outlook amid soaring resource and energy prices and concerns over an economic downturn against a backdrop of unstable global conditions.」
Geopolitical and global instability is identified as an uncertainty factor linked to concerns about an economic downturn and higher resource and energy prices. - FY2024-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy remained subject to an uncertain outlook, despite progress toward normalization of economic activity following the reclassification of COVID-19 to Category 5, amid soaring resource, energy and raw-material prices resulting from the prolonged situation in Ukraine and price increases caused by the weaker yen.」
Geopolitical risks were cited as a factor in higher resource, energy and raw material prices, as well as inflation caused by yen depreciation, as the situation in Ukraine continues to drag on. - FY2024-Q1WorsenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy continued to face an uncertain outlook, despite progress toward normalization of economic activity following the reclassification of COVID-19 to Category 5, amid soaring global resource and energy prices and the prolonged Ukraine conflict.」
The Ukraine issue was described as continuing to cause uncertainty due to its prolonged nature. - FY2023WorsenedAnnual report
「Uncertainty in the global situation is increasing, as illustrated by the prolonged Russia-Ukraine issue.」
Geopolitical risks have been made more specific by describing them as uncertainty in the global situation resulting from the prolonged Russia-Ukraine issue. - FY2023-Q1WorsenedAnnual report
「The uncertain outlook continues, amid the resurgence of COVID-19 infections since late June and rising energy prices due to the Ukraine issue.」
The Ukraine issue continues to be described in terms of the specific impact of rising energy prices. The resurgence of infections was also mentioned. - FY2022WorsenedAnnual report
「We determined that time was needed to assess the impact on our business before disclosing quantitative targets, given the continuing impact of COVID-19 on the business operating environment and the effects of broad-based cost inflation in energy, food ingredients and other areas arising from the sudden emergence of the Russia-Ukraine issue.」
The Russia-Ukraine issue has been described more specifically than before in terms of its impact on broad-based cost inflation in energy, food ingredients and other areas. - FY2020-Q2MaterialisedAnnual report
「The number of inbound overnight guests continued to increase. Although the number of travelers from South Korea declined due to the Japan-South Korea issue, this was offset by growth in travelers from other countries, particularly China and Hong Kong.」
Although a decline in the number of travelers from South Korea due to the Japan-South Korea issue actually occurred, it was offset by growth in travelers from other countries, including China and Hong Kong. - FY2020-Q1Geopolitical concerns resurfaceAnnual report
「Concerns were also identified, including the emergence of labor shortages, US-China trade friction, and worsening Japan-South Korea relations.」
Geopolitical concerns that were not explicitly mentioned in the previous full-year report have again been identified, with US-China trade friction and deteriorating Japan-South Korea relations cited as specific concerns. - FY2019DroppedAnnual reportAlthough trends in overseas economies were mentioned in the business environment for the fiscal year, no reference could be found to the impact of geopolitical risks, which had been explicitly stated through the previous fiscal year.
- FY2018RestatedAnnual report
「Although Japan's income environment was on a recovery trend during the consolidated fiscal year, growth in personal consumption remained limited. In addition, while the impact of geopolitical risks was discussed, positive factors were also observed, including an increase in domestic travelers and a record-high number of inbound travelers.」
The impact of geopolitical risks continues to be identified as an environmental factor, while the increase in domestic and inbound travelers is also cited as a positive factor. - FY2018-Q3RestatedAnnual report
「The discussion also covered the impact of geopolitical risks, among other factors.」
The impact of geopolitical risks continues to be identified as a factor in the business environment. - FY2018-Q2First statedAnnual report
「The discussion also covered the impact of geopolitical risks, among other factors.」
The impact of geopolitical risks has been newly identified as an uncertainty affecting the environment surrounding the Group.