EPAMシステムズの年次報告

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2023-12-310001352010

2027-01-01

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K


☒			1934年米国証券取引所法第13条または第15条(d)に基づく年次報告書

2023年12月31日に終了する会計年度について


☐			1934年米国証券取引所法（securities exchange act of 1934）第13条または第15条（d）に基づく移行報告書

Commission file number: 001-35418

EPAM SYSTEMS, INC.

(定款に明記された登録者の正確な名称)


デラウェア		22-3536104
(法人または組織の州またはその他の管轄区域)		(I.R.S. EmployerIdentification No.)

41 University Drive	Suite 202	18940
Newtown	ペンシルベニア
(主要経営陣の住所)		(Zip code)

267-759-9000

(登録者の電話番号（市外局番を含む）

法第12条(b)に従って登録された証券：


Title of Each Class	Trading Symbol	登録されている各取引所の名称
普通株式、額面は1株あたり0.001ドル	EPAM	New York Stock Exchange

法第12条(g)に基づき登録された有価証券：なし

登録者が証券法ルール405で定義される著名なシーズン発行体である場合は、チェックマークで示すこと。はい☒ いいえ☐。

登録者が法第13条または第15条(d)に従って報告書を提出する必要がない場合は、チェックマークで示すこと。はい」 ☐ 「いいえ」 ⛩ 12

(1)1934年証券取引法第13条または第15条(d)により提出が義務付けられているすべての報告書を過去12ヶ月間(または登録者が当該報告書の提出を義務付けられていたより短い期間)提出したかどうか、および(2)過去90日間当該提出義務の対象であったかどうかをチェックマークで示す。はい ☒ いいえ

登録者が、過去12ヶ月間（または登録者がそのようなファイルを提出する必要があったより短い期間）に、レギュレーションS-Tの規則405（本章§232.405）に従って提出および掲示が義務付けられているすべてのインタラクティブ・データ・ファイルを電子的に提出したかどうかをチェックマークで示す。はい☒ いいえ

登録者が大規模加速ファイラー、加速ファイラー、非加速ファイラー、小規模報告企業、新興成長企業のいずれであるかをチェックマークで示す。取引所法の規則12b-2における「大型加速度フィラー」、「加速度フィラー」、「小規模報告企業」、「新興成長企業」の定義を参照のこと。

Large accelerated filer

☒

Accelerated filer

☐

Emerging growth company

☐

Non-accelerated filer

☐

Smaller reporting company

☐

新興成長企業の場合、登録者が取引所法第13条(a)に従い提供される新規または改訂された財務会計基準に準拠するための移行期間の延長を利用しないことを選択した場合は、チェックマークで示す。☐

登録者が、サーベンス・オクスリー法第404条(b)（15 U.S.C. 7262(b)）に基づく財務報告に係る内部統制の有効性に関する経営陣の評価について、その監査報告書を作成または発行した登録会計事務所による報告書および証明書を提出しているかどうかをチェックマークで示す。☒

有価証券が法第12条(b)に従って登録されている場合、提出書類に含まれる登録者の財務諸表が、以前に発行した財務諸表の誤謬の訂正を反映しているかどうかをチェックマークで示すこと。☐

それらの誤謬訂正のいずれかが、240.10D-1項(b)に従い、関連する回復期間中に登録者の執行役員が受け取ったインセンティブに基づく報酬の回復分析を必要とする修正再表示であるかどうかをチェックマークで示す。☐

登録者がシェル会社（法規則12b-2で定義）であるかどうかをチェックマークで示す。はい ☐ いいえ & 12

2023年6月30日現在、登録者の非関連会社が保有する登録者の普通株式の時価総額は、ニューヨーク証券取引所で報告された終値に基づき約12,606,792,746ドルであった。上記の計算においてのみ、「関連会社」とは、登録者の各役員および取締役、ならびに登録者の発行済議決権の10％以上を所有することが登録者に知られている各人物を指すものとみなされる。

2024年2月9日現在、57,827,498株の普通株式が発行されている。

DOCUMENTS INCORPORATED BY REFERENCE

登録者は、2023年12月31日を期末とする登録者の会計年度終了後120日以内に、規則14Aに従い、2024年株主総会のための確定委任状（Proxy Statement）を提出する予定である。登録者の委任状説明書の一部は、参照により本フォーム10-K年次報告書のパートIIIに組み込まれている。参照により明示的に組み込まれた部分を除き、かかる文書は本フォーム10-K年次報告書とともに提出されたものとはみなされない。

EPAM SYSTEMS, INC.

FORM 10-K

2023年12月31日に終了した事業年度について


			Page
第一部			2
項目 1 事業			2
項目1A.リスク要因			10
項目 1B.未解決のスタッフコメント			24
項目1C.サイバーセキュリティ			24
項目 2.資産			25
項目 3.法的手続き			26
項目 4.鉱山の安全性に関する開示			26
パートII			27
項目5.登録者普通株式の市場、関連株主事項および発行者による持分証券の購入			27
項目 6.選択された財務データ			29
項目 7.財政状態および経営成績に関する経営陣の検討および分析			30
項目7A.市場リスクに関する定量的および定性的開示			43
項目 8.財務諸表および補足データ			45
項目9.会計および財務開示に関する会計士との見解の相違および変更			45
項目9A統制と手続き			45
項目9Bその他の情報			46
項目9C.検査を妨げる外国の司法管轄権に関する開示			46
パート III			47
項目 10.取締役、執行役員およびコーポレート・ガバナンス			47
項目 11.役員報酬			47
項目 12.特定の受益者所有の株式および経営陣ならびに関連株主事項			47
項目13.特定の関係および関連取引ならびに取締役の独立性			47
項目 14.主な会計監査人の報酬およびサービス			47
パートIV			48
項目 15.別紙、財務諸表明細書			48
項目 16 フォーム 10-K サマリー			50
署名			51
連結財務諸表索引			F-1

本アニュアルレポートにおいて、「EPAM」、「EPAMシステムズ株式会社」、「当社」、「当社」、「当社グループ」は、EPAMシステムズ株式会社およびその連結子会社を指します。

「EPAM」はEPAM Systems, Inc.の商標である。本書に使用されているその他の商標、商号およびサービスマークは、各所有者の財産です。

別段の記載がない限り、本アニュアルレポートに記載されている当社の業界および当社が事業を展開する市場に関する情報（当社の一般的な予想および市場での地位、市場機会、市場シェアを含む）は、さまざまな情報源（業界出版物、調査および予測、当社の内部調査を含む）からの情報、かかるデータおよびその他の類似情報源に基づき当社が合理的であると判断した仮定、ならびに当社サービスの市場に関する当社の知識に基づくものです。当社の将来の業績および当社が事業を展開する業界の将来の業績に関する予測、前提、予想には、「項目1A.リスク要因」および本アニュアルレポートの他の箇所に記載されているものを含む様々な要因による高度の不確実性およびリスクの影響を受けます。これらおよびその他の要因により、本アニュアルレポートに記載されている予測とは大きく異なる結果となる可能性があります。

FORWARD-LOOKING STATEMENTS

フォーム10-K年次報告書には、主に「項目1.事業」、「項目1A.リスク要因」および「項目7.経営陣による財政状態および経営成績の検討および分析 "に記載されています。当社の見積もりおよび将来の見通しに関する記述は主に、当社の事業および業務に影響を与える、または影響を与える可能性のある将来の出来事および傾向に関する当社の現在の予想および見積もりに基づいています。これらの将来の事象および傾向は、とりわけ、ウクライナにおける戦争およびその周辺地域における戦争の激化に関連する展開、当グループが事業および業務を行っている地域における政治・内乱または軍事行動、世界の資本市場、外国為替市場およびより広範な経済における困難な状況、ならびにこれらの事象が顧客需要、当グループの収益、業務、資本へのアクセスおよび収益性に及ぼす影響に関連する可能性があります。当社は、これらの見積もりおよび将来の見通しに関する記述は合理的な仮定に基づいていると考えていますが、将来の事象に関するいくつかのリスク、不確実性および仮定が含まれており、これらの仮定が正確でないことが判明する可能性があり、また現在入手可能な情報に照らして作成されています。本アニュアルレポートに記載されている要因に加え、重要な要因が、将来予想に関する記述に示されている当社の業績に重大かつ不利な影響を及ぼす可能性があります。本アニュアルレポートおよび当社が本アニュアルレポートの添付書類として提出した書類は、当社の実際の将来の業績が当社の予想と大きく異なる可能性があることを理解した上で、完全にお読みください。

可能性がある」、「予定である」、「はずである」、「可能性がある」、「期待する」、「計画する」、「予想する」、「信じる」、「見積もる」、「予測する」、「意図する」、「可能性がある」、「かもしれない」、「だろう」、「継続する」、またはこれらの用語の否定形、あるいはその他類似の用語や類似の語句は、見積もりおよび将来見通しに関する記述を識別するためのものです。見積もりおよび将来の見通しに関する記述は、それらが作成された時点のものであり、法律で義務付けられている範囲を除き、当社は、新たな情報、将来の出来事、またはその他の要因のために、見積もりおよび将来の見通しに関する記述を更新、修正、または見直す義務を負いません。見積もりおよび将来の見通しに関する記述にはリスクと不確実性が含まれており、将来の業績を保証するものではありません。上記のリスクと不確実性の結果、本アニュアルレポートで説明されている見積もりおよび将来予想に関する記述は実現しない可能性があり、当社の将来の業績、活動レベル、業績または成果は、上記の要因を含む（ただしこれらに限定されない）ことにより、これらの将来予想に関する記述で表明されているものとは大きく異なる可能性があり、その相違は重大かつ不利なものとなる可能性があります。このような不確実性があるため、これらの将来見通しに関する記述を過度に信頼すべきではありません。

PART I

Item 1. 事業目的

Overview

EPAMは、ソフトウェア・エンジニアリングの専門知識を活かし、デジタル・エンジニアリング、クラウド、人工知能を活用したトランスフォーメーション・サービスのリーディング・グローバル・プロバイダーとして、またグローバル企業や野心的なスタートアップ企業のビジネス・コンサルティングやエクスペリエンス・コンサルティングのリーディング・パートナーとして成長してきました。私たちは、EPAM Continuumの統合戦略、経験、テクノロジーコンサルティングと、30年以上にわたるエンジニアリングの実行力を融合させることで、クライアントの市場投入までの時間を短縮し、デジタル投資からより大きな価値を引き出すことで、クライアントの変革課題に取り組んでいます。

アジャイル手法、実績のあるカスタマー・コラボレーション・フレームワーク、エンジニアリング・エクセレンス・ツール、学際的なチーム、そして受賞歴のある独自のグローバル・デリバリー・プラットフォームを活用し、ビジネスとテクノロジーの変革を最初から最後まで実現します。私たちは、お客様がデジタルという切り口でビジネスを再構築できるようサポートします。デジタル化というプレッシャーが常につきまとうビジネス環境において、当社は革新的でスケーラブルなソフトウェア・ソリューション、統合戦略、エクスペリエンス、テクノロジー・コンサルティング、継続的に進化する先進機能の組み合わせを通じて、お客様との長期的なパートナーシップの構築に注力しています。

ソフトウェア開発とプロダクト・エンジニアリング・サービスを含む当社の歴史的なコア・コンピタンスは、エンタープライズ・ソフトウェア・プラットフォームのグローバル・リーダーや新興テクノロジー企業との協業と相まって、当社が提供するその他のサービスを進化させる礎となった。これらには、先進テクノロジー・ソフトウェア・ソリューション、インテリジェント・エンタープライズ・サービス、デジタル・エンゲージメントなどが含まれます。戦略的買収によって地理的範囲とサービス能力が拡大し、今後も多くの拠点からお客様に幅広いサービスを提供できるようになります。

サービス

私たちは、独自のプラットフォーム、統合されたエンジニアリングプラクティス、スマートオートメーションにより、お客様のオペレーションをインテリジェントなエンタープライズハブに変えます。デジタルエクスペリエンスや製品をエンドツーエンドで開発するには、幅広いスキルを持つさまざまな専門家の意見や専門知識が必要です。当社の多分野にまたがるチームとグローバルなデリバリー・フレームワークは、総合的なテクノロジー・ソリューションを提供し、お客様に競争上の優位性をもたらすと確信しています。主要な人材を配備できる専用のデリバリー・センターを活用するだけでなく、さまざまな業界の大手企業と緊密に協力することで、お客様がテクノロジーをより効果的に活用し、消費者の価値を高め、より魅力的な体験を提供するというプレッシャーに同時に対処できるようにしています。

私たちのサービスは、お客様によりカスタマイズされた統合ソリューションを提供するために、常に進化を続けています。クラウドプラットフォーム、サイバーセキュリティ、人工知能などの分野で、ソフトウェアエンジニアリングとカスタマーエクスペリエンスデザイン、ビジネスコンサルティング、戦略、技術革新サービスを組み合わせています。

エンジニアリング

当社のエンジニアリング基盤は、次世代ソフトウェアソリューションとアジャイルデリバリーチームのアーキテクト、構築、拡張を支えるものです。当社のエンジニアリングの専門知識は、要件分析、プラットフォームの選択、複雑なカスタマイズ、クロスプラットフォームへの移行、実装、統合を通じて、ビジネスプロセスを改善し、よりスマートな分析を提供し、優れたオペレーションを実現するエンタープライズ・テクノロジーを構築することを可能にします。

当社は、製品リサーチ、カスタマー・エクスペリエンス・デザインとプロトタイピング、プログラム管理、コンポーネント・デザインと統合、フル・ライフサイクル・ソフトウェア・テスト、製品デプロイメントとエンドユーザー・カスタマイゼーション、パフォーマンス・チューニング、製品サポートとメンテナンス、マネージド・サービス、さらにクロスプラットフォーム・マイグレーションとレガシー・プラットフォームの近代化など、ソフトウェア製品とプラットフォーム開発サービスの包括的なセットを提供する深い専門知識と能力を持っています。

私たちは、お客様が選択した戦略を統合し、カスタムソリューションを作成するために、私たちの経験、カスタムツール、および専門知識を使用して、組み込みの品質とセキュリティゲートを備えた適切なソリューションを構築し、デジタル近代化の取り組みから最高の結果を達成します。