Risk Factors

Among matters related to the status of the Group's business and accounting, the major risks that management recognizes as having the potential to have a significant impact on the financial position, operating results, and cash flow of consolidated companies are as follows. Forward-looking statements in this document are based on the Group's judgment as of the date of submission of the Annual Securities Report (June 26, 2025).

(1) Restrictions imposed by laws and regulations
(2) Dependence on specific business units
(3) Recruiting workers used for temporary placements
(4) Responding to Innovation and Technology
(5) Demographic changes
(6) Mergers and acquisitions
(7) Related to Economic Fluctuations
(7) More intense competitive environment
(8) Natural disasters, epidemics and IT system malfunctions
(9) Handling of personal information
(10) Handling of confidential information
(11) Securing and Developing Human Resources
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