Country Risk in China Operations
First written in FY2016. 4 of 7 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 3 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「The group operates an equipment construction business and other businesses through 1 wholly owned subsidiary in Beijing, People's Republic of China.」
The company describes the structure following the reduction in the number of subsidiaries in the China business from 2 to 1, after the liquidation of the facility business company was completed in March 2025. The country risks associated with the China business itself, and preventive measures based on information gathering and early action, remain unchanged. - FY2023RestatedAnnual report
「Through information gathering in cooperation with its overseas subsidiaries, the group is working to identify problems at an early stage and take specific and appropriate action to prevent or avoid them. However, unexpected events could affect the group's operating results and financial position.」
The company has continued to describe the country risks associated with its overseas businesses, including China, and preventive measures based on information gathering and early action in cooperation with overseas subsidiaries. - FY2021MitigatedAnnual report
「Through information gathering in cooperation with its overseas subsidiaries, the group is working to identify problems at an early stage and take specific and appropriate action to prevent or avoid them. However, unexpected events could affect the group's operating results and financial position.」
Although country risks associated with the China business, including exchange rates, demand, regulations, and employment, remain, the company describes information gathering with overseas subsidiaries and early action as specific preventive and avoidance measures. - FY2020RestatedAnnual report
「The group operates an electrical equipment construction business through 2 wholly owned subsidiaries established in Beijing, People's Republic of China. However, construction demand may decline due to exchange-rate fluctuations, rising personnel costs, and restrained investment by Japanese companies. Country risk exists because unexpected events, including legal regulations or changes thereto, differences in business practices and customs, and employment issues, could cause the group's operating conditions to fluctuate.」
The company has continued to describe the country risks associated with its 2 wholly owned subsidiaries in Beijing, including exchange rates, personnel costs, demand, regulations, business practices, and employment. - FY2019RestatedAnnual report
「The group operates an electrical equipment construction business through 2 wholly owned subsidiaries established in Beijing, People's Republic of China. However, construction demand may decline due to exchange-rate fluctuations, rising personnel costs, and restrained investment by Japanese companies. Country risk exists because unexpected events, including legal regulations or changes thereto, differences in business practices and customs, and employment issues, could cause the group's operating conditions to fluctuate.」
The company has continued to describe the country risks associated with the business operated by 2 wholly owned subsidiaries in Beijing, including exchange rates, personnel costs, demand, regulations, business practices, and employment. - FY2018RestatedAnnual report
「The group operates an electrical equipment construction business through 2 wholly owned subsidiaries established in Beijing, People's Republic of China. However, construction demand may decline due to exchange-rate fluctuations, rising personnel costs, and restrained investment by Japanese companies. Country risk exists because unexpected events, including legal regulations or changes thereto, differences in business practices and customs, and employment issues, could cause the group's operating conditions to fluctuate.」
The company has continued to describe the country risks associated with the business operated by 2 wholly owned subsidiaries in Beijing, including exchange rates, personnel costs, demand, regulations, business practices, and employment. - FY2016First statedAnnual report
「The group operates an electrical equipment construction business through 2 wholly owned subsidiaries established in Beijing, People's Republic of China. However, construction demand may decline due to exchange-rate fluctuations, rising personnel costs, and restrained investment by Japanese companies. Country risk exists because unexpected events, including legal regulations or changes thereto, differences in business practices and customs, and employment issues, could cause the group's operating conditions to fluctuate.」
The company lists the exchange-rate, personnel cost, demand, regulatory, business practice, and employment risks associated with operations conducted through 2 wholly owned subsidiaries in Beijing.