Risks Associated with Overseas Expansion, Including Political, Regulatory and Personnel Risks
First written in FY2017-Q1. 10 of 19 entries say "Restated". Latest entry: 2026-08-03.
Itoham Yonekyu Holdings moved to the "Worse" side of this theme in 2022, 1 year before the typical company in this theme (2023).
The whole theme swung hardest in 2024: 6 of 10 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- 2026-08-03WorsenedEarnings presentation
「Higher costs for auxiliary raw materials and utilities against the backdrop of the situation in the Middle East」
Higher costs for auxiliary raw materials and utilities resulting from overseas conditions are specified as factors in the full-year outlook. - FY2026WorsenedAnnual report
「The uncertain outlook is expected to persist against a backdrop of geopolitical risks and foreign exchange trends. With respect to geopolitical risks, the impact of the situation in the Middle East on crude oil prices, energy supplies and the procurement environment for materials」
Regarding risks surrounding overseas expansion and international procurement, it specifically identifies the impact of the situation in the Middle East on crude oil prices, energy supplies and materials procurement as new concerns. - 2026-05-01WorsenedEarnings presentation
「Higher costs for auxiliary raw materials, utilities and other items against the backdrop of the situation in the Middle East」
Uncertainty in overseas conditions is further specified as higher costs for auxiliary raw materials, utilities and other items resulting from the situation in the Middle East. - FY2025WorsenedAnnual report
「Concerns include an economic downturn resulting from the impact of U.S. tariff policies, foreign exchange volatility and inflation resulting from persistently high international raw material prices」
Regarding uncertainty surrounding overseas expansion and international procurement, it identifies U.S. tariff policies, an economic downturn, foreign exchange volatility and persistently high international raw material prices as new sources of concern. - FY2023WorsenedAnnual report
「Inflation resulting from soaring resource prices and yen depreciation, against a backdrop of unstable international conditions, continued to affect corporate earnings and households.」
It identifies unstable international conditions, soaring resource prices and yen depreciation as specific sources of uncertainty surrounding overseas expansion and procurement. - FY2023-Q1WorsenedAnnual report
「Inflationary pressure intensified due to soaring resource prices and the sharp depreciation of the yen against a backdrop of unstable international conditions.」
Against a backdrop of unstable international conditions, soaring resource prices and the sharp depreciation of the yen have emerged as sources of inflationary pressure. - FY2022WorsenedAnnual report
「Economic conditions are expected to remain unpredictable due to the impact of the novel coronavirus and rising geopolitical risks.」
In addition to the existing political and regulatory risks associated with overseas expansion, it explicitly identifies rising geopolitical risks as a source of future uncertainty. - FY2020-Q2RestatedAnnual report
「Uncertainty about the outlook has increased amid concerns about the impact on the economy of overseas economic developments, including the U.S.-China trade dispute, the outlook for the Chinese economy and developments surrounding the UK's withdrawal from the EU, as well as trends in consumer sentiment following the consumption tax rate increase.」
It continues to identify the U.S.-China trade dispute, the Chinese economy, the UK's withdrawal from the EU and consumer sentiment following the consumption tax rate increase as sources of uncertainty for the overseas and domestic economies. - FY2020-Q1RestatedAnnual report
「During the cumulative first-quarter consolidated period, Japan's economy continued to recover moderately, supported by improvements in employment and income conditions. However, uncertainty about the outlook has increased, amid concerns about the impact of the U.S.-China trade dispute and developments surrounding the United Kingdom's withdrawal from the EU on the global economy, as well as the impact of the consumption tax rate increase on personal consumption.」
It continues to identify the U.S.-China trade dispute, the UK's withdrawal from the EU and the impact of the consumption tax rate increase on the global economy and personal consumption as sources of uncertainty. - FY2019-Q3RestatedAnnual report
「The economy continued to recover moderately, supported by improvements in employment and income conditions, but the outlook remains uncertain, with concerns about the impact of prolonged trade friction between the United States and China on the global economy.」
Regarding the overseas political and trade environment, it continues to identify prolonged trade friction between the United States and China and its impact on the global economy as sources of uncertainty. - FY2019-Q2RestatedAnnual report
「Overseas, concerns include the impact of prolonged trade friction between the United States and China on the global economy, and the outlook remains uncertain.」
Regarding the overseas political and trade environment, it identifies prolonged trade friction between the United States and China as a factor raising concerns about its impact on the global economy. - FY2019-Q1RestatedAnnual report
「Overseas, concerns include trade friction resulting from the United States' protectionist foreign and trade policies and its impact on emerging markets, and the outlook remains uncertain.」
Regarding the overseas political and trade environment, it identifies U.S. protectionist policies, trade friction and the impact on emerging markets as specific sources of uncertainty. It also states that there were no significant changes in the section on business and other risks. - FY2018RestatedAnnual report
「Some of the Group's production, procurement and sales activities are conducted outside Japan, including in Europe, Asia, Oceania and the United States.」
It continues to list laws and regulations, political and economic conditions, human resources, natural disasters, social disruption and foreign exchange as risks associated with overseas business. - FY2018-Q3RestatedAnnual report
「The outlook remains uncertain, with concerns about the impact of unstable political developments overseas and rising geopolitical risks.」
It reiterates the uncertainty of the outlook arising from political developments overseas and geopolitical risks. - FY2018-Q1WorsenedAnnual report
「The outlook remains uncertain, with concerns about the impact of unstable political developments overseas and rising geopolitical risks.」
It explicitly identifies unstable political developments overseas and rising geopolitical risks as factors contributing to an uncertain outlook. - FY2017RestatedAnnual report
「Some of the Group's production, procurement and sales activities are conducted outside Japan, including in Europe, Asia, Oceania and the United States.」
It continues to describe the risks associated with overseas activities, including laws and regulations, political and economic conditions, human resources, taxation and social disruption. - FY2017-Q3RestatedAnnual report
「Some of the Group's production, procurement and sales activities are conducted outside Japan, including in Europe, Asia, Oceania and the United States. Activities in these overseas markets and further business expansion entail a number of risks, including those listed below.」
It reiterates the risks associated with overseas business, including laws and regulations, political and economic conditions, human resources, taxation and social disruption. - FY2017-Q2RestatedAnnual report
「Some of the Group's production, procurement and sales activities are conducted outside Japan, including in Europe, Asia, Oceania and the United States. Activities in these overseas markets and further business expansion entail a number of risks, including those listed below.」
It reiterates the risks associated with overseas business, including laws and regulations, political and economic conditions, human resources, taxation and social disruption. - FY2017-Q1First statedAnnual report
「Some of the Group's production, procurement and sales activities are conducted outside Japan, including in Europe, Asia, Oceania and the United States.」
It lists changes in laws and regulations, political and economic factors, securing human resources, taxation, terrorism, war and infectious diseases as risks associated with overseas activities.