Changes in Laws and Regulations, Exchange Rates, and Socioeconomic Conditions in Overseas Operations
First written in FY2020. 2 of 4 entries say "Worsened", first in FY2025. Latest entry: FY2026.
Tokyo Energy & Systems moved to the "Worse" side of this theme in 2025, 6 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
「Response to changes in the international situation: Rising geopolitical risks, including the outbreak of international conflicts, could result in situations requiring the evacuation of employees stationed overseas and employees of overseas subsidiaries, as well as delays in procuring equipment, materials and fuel and surging prices, potentially affecting the continuation of our business.」
Specifically disclosed international conflicts, employee evacuations, and delays and price increases in procuring equipment, materials and fuel as risks associated with overseas operations. - FY2025WorsenedAnnual report
「In the overseas business field, developments in the tariff policies of the U.S. government are a concern,」
In addition to existing risks related to laws and regulations, foreign exchange rates, and social and economic conditions affecting overseas operations, explicitly identified the tariff policies of the U.S. government as a new concern. - FY2022MitigatedAnnual report
「We seek to mitigate these risks by actively gathering and analyzing information on political and economic conditions and public safety in countries where the Group operates, and by proceeding cautiously with our business while obtaining advice from experts.」
Explicitly described management measures for risks related to laws and regulations, foreign exchange rates, and social and economic conditions affecting overseas operations, including information gathering and analysis and the use of expert advice. - FY2020First statedAnnual report
「Unexpected changes in laws and regulations, tax policies, foreign exchange rates, and social and economic conditions in countries where the Group operates could affect the Group's business performance.」
With the expansion of overseas operations, disclosed changes in the laws and regulations, tax systems, foreign exchange rates, and social and economic conditions of the countries in which it operates as new risks.