Legal, Foreign-Exchange and Geopolitical Risks Associated with Overseas Operations
First written in FY2016. 19 of 23 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 72 of 118 companies on the "Worse" side.
73 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Although overseas sales account for a low proportion of the consolidated sales of the Group, operations in overseas countries are subject to the following risks. If any of these events occurs, it may affect the Group's operating results and financial position. ①Unforeseeable laws and regulations or changes in tax systems that have an adverse effect. ②Foreign-exchange losses resulting from sharp fluctuations in exchange rates. ③Social unrest caused by terrorism, war or other events.」
The company has reiterated, in the same format, the risks associated with laws and regulations and tax systems, foreign exchange, terrorism and war relating to its overseas operations. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The company explains that there have been no new risks or significant changes in risks relating to laws and regulations, foreign exchange or geopolitics associated with its overseas operations. - FY2024-Q3RestatedAnnual report
「During the first 3 quarters of the current fiscal year, Japan's economy has been gradually recovering as social and economic activity normalizes, but attention must be paid to rising prices, foreign-exchange movements and developments in monetary policy. Factors weighing on the global economy, including geopolitical uncertainties, also remain a concern.」
The company points to the normalization of social and economic activity and an economic recovery, while continuing to monitor prices, foreign exchange, monetary policy and geopolitical uncertainties. - FY2023-Q3WorsenedAnnual report
「In addition, it is necessary to closely monitor factors weighing on the economy, including concerns over recession in the US and Europe and developments in coronavirus infections in China.」
Regarding overseas operations and overseas economies, the company identifies concerns over recession in the US and Europe and infection trends in China as factors weighing on the economy. - FY2023-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company explains that there have been no new risks or significant changes in risks relating to laws and regulations, foreign exchange or geopolitics associated with its overseas operations. - FY2021-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no additional developments or material changes in the risks associated with overseas operations, including laws and regulations, tax systems, foreign exchange, terrorism, and war. - FY2021-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It states that there have been no additional developments or material changes in the risks associated with overseas operations, including laws and regulations, tax systems, foreign exchange, terrorism, and war. - FY2021-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It states that there have been no additional developments or material changes in the risks associated with overseas operations, including laws and regulations, tax systems, foreign exchange, terrorism, and war. - FY2020-Q3RestatedAnnual report
「However, attention must be paid to developments in overseas economies and the impact of fluctuations in financial and capital markets.」
The company continues to recognize the need to monitor uncertainty arising from developments in overseas economies and the impact of fluctuations in financial and capital markets. - FY2020-Q2RestatedAnnual report
「However, attention must be paid to developments in overseas economies and the impact of successive natural disasters on the economy.」
The company continues to monitor uncertainty arising from developments in overseas economies. The economic impact of natural disasters has been newly identified separately. - FY2020-Q1RestatedAnnual report
「At the same time, attention must be paid to developments in trade issues and the impact of fluctuations in financial and capital markets.」
The company continues to recognize the need to monitor the impact of trade issues and fluctuations in financial and capital markets. - FY2019-Q3RestatedAnnual report
「Although the global economy as a whole is gradually recovering, circumstances continue to require attention to developments in trade issues and policy-related uncertainty.」
It explains that circumstances continue to require attention to uncertainty concerning trade issues and policy. - FY2019-Q2RestatedAnnual report
「Meanwhile, circumstances continue to require attention to the impact of developments in trade issues on the global economy and uncertainty in overseas economies.」
It explains that, as in the previous quarter, attention needs to be paid to the impact of trade issues on the global economy and uncertainty in overseas economies. - FY2019-Q1Trade issues explicitly identified as a factor contributing to uncertainty in overseas economiesAnnual report
「Meanwhile, circumstances continue to require attention to the impact of developments in trade issues on the global economy and to uncertainty in overseas economies.」
In addition to its recognition that uncertainty in overseas economies is continuing, it explicitly identifies the impact of developments in trade issues on the global economy. - FY2018RestatedAnnual report
「Although the Group's overseas sales account for a small proportion of consolidated net sales, operations in various overseas countries involve the following risks. If any of these events occurs, it could affect the Group's business results and financial position. ① Unforeseeable changes in laws and regulations and changes in tax systems that have an adverse impact. ② Foreign exchange losses resulting from sharp fluctuations in exchange rates. ③ Social disorder caused by terrorism, war, or other events.」
It continues to present the same set of risks associated with overseas operations: laws and regulations, tax systems, foreign exchange, terrorism, and war. - FY2018-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business or other risks, nor any material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no additional developments or material changes in the risks associated with overseas operations, including laws and regulations, tax systems, foreign exchange, terrorism, and war. - FY2018-Q2RestatedAnnual report
「Meanwhile, attention needs to be paid to the outlook for economies in emerging Asian countries, including China, and the impact of fluctuations in financial and capital markets, and the economic outlook remains uncertain.」
It continues to indicate uncertainty resulting from the outlook for emerging Asian economies, including China, and fluctuations in financial and capital markets. - FY2018-Q1RestatedAnnual report
「Meanwhile, attention needs to be paid to uncertainty in overseas economies and developments in and the impact of US policy, and the economic outlook remains uncertain.」
It continues to recognize an uncertain economic outlook, citing uncertainty in overseas economies and developments in and the impact of US policy. - FY2017RestatedAnnual report
「Although the Group's overseas sales account for a small proportion of consolidated net sales, operations in various overseas countries involve the following risks. If any of these events occurs, it could affect the Group's business results and financial position. ① Unforeseeable changes in laws and regulations and changes in tax systems that have an adverse impact. ② Foreign exchange losses resulting from sharp fluctuations in exchange rates. ③ Social disorder caused by terrorism, war, or other events.」
It continues to present the same set of risks associated with overseas operations: laws and regulations, tax systems, foreign exchange, terrorism, and war. - FY2017-Q3RestatedAnnual report
「Concerns remain over the impact on the domestic economy of a downturn in overseas economies, developments under the new US administration, and fluctuations in financial and capital markets, and the economic outlook remains uncertain.」
It continues to indicate uncertainty resulting from a downturn in overseas economies, the new US administration, and fluctuations in financial and capital markets. - FY2017-Q2RestatedAnnual report
「However, heightened uncertainty in overseas economies, including the economic outlook for emerging Asian countries such as China and the UK's withdrawal from the EU, has created an unstable outlook.」
It continues to describe uncertainty in overseas economies against a backdrop of emerging Asian economies and the UK's withdrawal from the EU. - FY2017-Q1WorsenedAnnual report
「Attention needs to be paid to heightened uncertainty in overseas economies, including the economic outlook for emerging Asian countries such as China and the UK's withdrawal from the EU.」
It states that uncertainty in overseas economies has increased against a backdrop of the outlook for emerging Asian economies and the UK's withdrawal from the EU. - FY2016First statedAnnual report
「Although the Group's overseas sales account for a small proportion of consolidated net sales, operations in various overseas countries involve the following risks: ① Unforeseeable changes in laws and regulations and changes in tax systems that have an adverse impact. ② Foreign exchange losses resulting from sharp fluctuations in exchange rates. ③ Social disorder caused by terrorism, war, or other events.」
While stating that overseas sales account for a small proportion of total sales, it lists laws and regulations, tax systems, foreign exchange, terrorism, and war as risks associated with overseas operations.