Overseas political, economic, regulatory and foreign exchange risks
First written in FY2016. 4 of 11 entries say "Restated". Latest entry: FY2022-Q3.
The whole theme swung hardest in 2025: 73 of 117 companies on the "Worse" side.
16 other companies' latest entry also says "Mitigated".
- FY2022-Q3MitigatedAnnual report
「During the nine-month period of the previous fiscal year, some countries were affected by construction suspensions caused by COVID-19, but during the nine-month period of the current fiscal year, construction projects were operational in all countries.」
Regarding construction suspensions that occurred in some countries in the previous fiscal year, the company explained that projects were operational in all countries during the cumulative third quarter of the current fiscal year, indicating that the impact had eased. - FY2022-Q1MitigatedAnnual report
「During the nine-month period of the previous fiscal year, some countries were affected by construction suspensions caused by COVID-19, but during the nine-month period of the current fiscal year, construction projects were operational in almost all countries.」
Regarding overseas construction projects, the company explained that some countries were affected by suspensions in the first quarter of the previous fiscal year, whereas projects were operational in nearly all countries in the first quarter of the current fiscal year, indicating that the impact had eased. - FY2021MitigatedAnnual report
「On the other hand, in some overseas countries, government controls such as stay-at-home orders and restrictions on the entry and departure of foreign nationals made it necessary to suspend construction projects. However, the suspended projects resumed one after another from June of the previous year, and nearly all projects were operational in the second half of the year.」
The company explained that overseas construction projects were disrupted by government controls and restrictions on entry to and departure from countries, but resumed one after another from June of the previous year, with nearly all projects operational in the second half of the year. - FY2021-Q3MitigatedAnnual report
「Overseas, in some countries, government controls and restrictions on entry and exit had impeded the continuation of construction projects, but the number of sites where construction has resumed is gradually increasing.」
Although government controls and restrictions on entry to and departure from overseas countries continued to disrupt overseas construction projects, the number of sites resuming construction gradually increased, indicating that some of the impact had eased. - FY2021-Q2RestatedAnnual report
「Overseas, in some countries, government controls and restrictions on entry and exit have also created conditions that impede the continuation of construction projects.」
The company continues to describe, as it did in the previous quarter, a situation in which government controls and restrictions on entry to and departure from overseas countries were disrupting the continuation of construction projects. - FY2021-Q1MaterialisedAnnual report
「Overseas, in some countries, government controls and restrictions on entry and exit have also created conditions that impede the continuation of construction projects.」
The company described a situation in which government controls and restrictions on entry to and departure from overseas countries were causing actual disruptions to the continuation of construction projects. - FY2020-Q2RestatedAnnual report
「Although uncertainty in overseas economies has increased, the Japanese economy has continued to recover moderately, supported by continued improvement in employment and income conditions resulting from the steady implementation of various government economic policies.」
The company continues to indicate that uncertainty in overseas economies has increased. - FY2019RestatedAnnual report
「With respect to foreign exchange risk in the overseas business, the company pays costs in foreign currencies to match construction revenue denominated in foreign currencies and hedges as necessary through measures such as forward exchange contracts. However, it is impossible to eliminate all such risk, and fluctuations in foreign exchange rates may affect the business.」
The company continues to recognize political, economic, regulatory and foreign exchange risks in its overseas business, as well as hedging through measures such as forward exchange contracts and the risks that remain afterward. - FY2019-Q1Need to monitor overseas economic uncertainty and trade issuesAnnual report
「However, the situation requires close attention to economic uncertainty overseas and the impact of trade issues on the global economy.」
In addition to the previously cited political and economic risks overseas, the impact of overseas economic uncertainty and trade issues was explicitly identified. - FY2017-Q3RestatedAnnual report
「Uncertainty in the overseas economy increased due to concerns about the United Kingdom's withdrawal from the EU and US policy trends following the presidential election, resulting in an uncertain outlook.」
Uncertainty in overseas economies arising from the United Kingdom's withdrawal from the EU and US policy trends is described as an environmental factor affecting the overseas business. - FY2016First statedAnnual report
「The Group may be affected by changes in political and economic conditions at the construction site and unexpected changes in laws and regulations.」
For overseas construction projects, the company recognizes the combined risks associated with political conditions, the economy, regulations and foreign exchange rates in each country and region. It also hedges these risks through measures such as forward exchange contracts, but states that they cannot be eliminated entirely.