Geopolitical, Political and Foreign Exchange Risks Associated with Overseas Construction Projects
First written in FY2017. 17 of 28 entries say "Restated". Latest entry: FY2026.
Tekken moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2025: 72 of 118 companies on the "Worse" side.
46 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Negotiations over the local joint venture partner’s share of construction costs for a project under construction in South Asia have reached an impasse, and the company has submitted the claim to international arbitration to recover the receivable.」
The company continues to disclose the recoverability of disputed receivables related to overseas construction projects as a significant estimate, and the allowance for doubtful accounts has increased from ¥2,169 million to ¥2,633 million. - FY2025-H1RestatedAnnual report
「No new business or other risks arose during the current interim consolidated accounting period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new risks or significant changes to existing risks, including geopolitical, political and foreign exchange risks associated with overseas construction projects. - FY2024-Q3MitigatedAnnual report
「Foreign exchange gain － 534」
Compared with the foreign exchange loss of ¥1,206 million recorded in the same period of the previous year, the nine months ended the third quarter of the current fiscal year resulted in a foreign exchange gain of ¥534 million, indicating an improvement in the direction of the impact of foreign exchange fluctuations on profit and loss. - FY2024-Q2MaterialisedAnnual report
「Flooding caused by heavy rainfall in the Bago Region of the Republic of the Union of Myanmar in early October 2023 damaged a project being constructed by the Company.」
Regarding risks associated with overseas construction projects, it states that a project under construction in Myanmar was damaged by flooding. The extent of the damage, restoration outlook and impact on financial results are under investigation. - FY2024-Q1MaterialisedAnnual report
「The depreciation of the yen and other factors that worsened the profitability of overseas construction projects contributed to a decline in gross profit.」
Regarding foreign exchange risk, it states that the depreciation of the yen actually worsened the profitability of overseas construction projects and reduced gross profit. - FY2023MaterialisedAnnual report
「In projects in countries with limited prior construction experience, there is greater uncertainty in estimating the efficiency of project progress when there is little transaction history with local partner companies and those partners have limited experience with the relevant construction work. For projects with these characteristics, uncertainty accompanies estimates of total construction costs in the execution budget, which may affect our group's performance.」
For overseas construction projects, in addition to geopolitical and foreign exchange risks, uncertainty in estimating project progress and construction costs due to limited experience among local partner companies is expressly identified. In a South Asian project, arbitration over the collection of a receivable and recognition of a ¥2,294 million bad debt expense actually occurred. - FY2023-Q3MaterialisedAnnual report
「Foreign exchange loss － 1,206」
A foreign exchange loss of ¥1,206 million was recorded for the nine months ended the third quarter of the current fiscal year, demonstrating an actual loss from foreign exchange fluctuations. - FY2023-Q2SoftenedAnnual report
「In our group's consolidated results for the nine months ended the second quarter of the current fiscal year, in addition to the economic conditions described above, the depreciation of the yen was one factor affecting the profitability of our overseas construction projects.」
It continues to state that the depreciation of the yen affected the profitability of overseas construction projects, but the wording has been softened from the previous description of a factor that worsened profitability to a factor that affected profitability. - FY2023-Q1MaterialisedAnnual report
「In our group's consolidated results for the six months ended the second quarter of the current fiscal year, in addition to the economic conditions described above, the rapid depreciation of the yen was one factor that worsened the profitability of our overseas construction projects.」
Regarding foreign exchange risk associated with overseas construction projects, it states that the rapid depreciation of the yen actually became a factor worsening the profitability of overseas construction projects. - FY2022-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no newly arising or material changes to existing business and other risks, including geopolitical, political and foreign exchange risks associated with overseas construction projects. - FY2022-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no newly arising or material changes to existing business and other risks, including geopolitical, political and foreign exchange risks associated with overseas construction projects. - FY2022-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no newly arising or material changes to existing business and other risks, including geopolitical, political and foreign exchange risks associated with overseas construction projects. - FY2021-Q2RestatedAnnual report
「The company adds the following to the business and other risks described in the previous fiscal year’s securities report.」
No material changes have been indicated in the existing geopolitical, political and foreign exchange risks associated with overseas construction projects. - FY2021-Q1RestatedAnnual report
「No new business or other risks arose during the first quarter of the current consolidated cumulative period. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It is expressly stated that there have been no newly arising or material changes to existing business and other risks, including geopolitical, political and foreign exchange risks associated with overseas construction projects. - FY2020RestatedAnnual report
「In overseas construction projects, the occurrence of war, terrorism or conflict, changes in the economic or political conditions of the relevant country, or unexpected changes in laws and regulations may affect our group's performance. In addition, significant fluctuations in foreign exchange rates may affect our group's performance.」
The risks associated with overseas construction projects, including geopolitical conditions, political and economic conditions, laws and regulations, and foreign exchange fluctuations, are reiterated. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is expressly stated that there have been no newly arising or material changes to existing business and other risks, including geopolitical, political and foreign exchange risks associated with overseas construction projects. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is expressly stated that there have been no newly arising or material changes to existing business and other risks, including geopolitical, political and foreign exchange risks associated with overseas construction projects. - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the first quarter of the current consolidated cumulative period. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It is expressly stated that there have been no newly arising or material changes to existing business and other risks, including geopolitical, political and foreign exchange risks associated with overseas construction projects. - FY2019RestatedAnnual report
「In overseas construction projects, the occurrence of war, terrorism or conflict, changes in the economic or political conditions of the relevant country, or unexpected changes in laws and regulations may affect our group's performance. In addition, significant fluctuations in foreign exchange rates may affect our group's performance.」
The risks associated with overseas construction projects, including geopolitical conditions, political and economic conditions, laws and regulations, and foreign exchange fluctuations, are reiterated. - FY2019-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is expressly stated that there have been no newly arising or material changes to existing business and other risks, including geopolitical, political and foreign exchange risks associated with overseas construction projects. - FY2019-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It is expressly stated that there have been no newly arising or material changes to existing business and other risks, including geopolitical, political and foreign exchange risks associated with overseas construction projects. - FY2019-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is expressly stated that there have been no newly arising or material changes to existing business and other risks, including geopolitical, political and foreign exchange risks associated with overseas construction projects. - FY2018RestatedAnnual report
「In overseas construction projects, the occurrence of war, terrorism or conflict, changes in the economic or political conditions of the relevant country, or unexpected changes in laws and regulations may affect our group's performance. In addition, significant fluctuations in foreign exchange rates may affect our group's performance.」
The risks associated with overseas construction projects, including geopolitical conditions, political and economic conditions, laws and regulations, and foreign exchange fluctuations, are reiterated. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is expressly stated that there have been no material changes to the risks described in the previous fiscal year, including geopolitical, political and foreign exchange risks associated with overseas construction projects. - FY2018-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It is expressly stated that there have been no material changes to the risks described in the previous fiscal year, including geopolitical, political and foreign exchange risks associated with overseas construction projects. - FY2017First statedAnnual report
「In overseas construction projects, the occurrence of war, terrorism or conflict, changes in the economic or political conditions of the relevant country, or unexpected changes in laws and regulations may affect our group's performance. In addition, significant fluctuations in foreign exchange rates may affect our group's performance.」
For overseas construction projects, war, terrorism and conflict, economic and political conditions, changes in laws and regulations, and foreign exchange fluctuations are listed as risks.