Political and Economic Fluctuations at Overseas Sourcing Locations for In-House-Designed Products
First written in FY2017. 2 of 9 entries say "Restated". Latest entry: FY2026.
Abc-Mart moved to the "Worse" side of this theme in 2021, 1 year before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 20 of 31 companies on the "Worse" side.
6 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「In the United States, sales fell 7.3% year on year to ¥2,902.9 million, due in part to the impact of US tariff policies.」
The impact of US tariff policies and other factors materialized as a 7.3% year-on-year decline in the US subsidiary's sales, bringing tariff and overseas sourcing risks to the fore. - FY2025WorsenedAnnual report
「In 2025, there are concerns that US tariff policies could worsen the global economy through trade friction. A US subsidiary that manufactures shoes and apparel sources some materials from outside the country for manufacturing and sales, so the imposition of additional tariffs on imported materials could affect overseas gross profit.」
In addition to the existing risk of political and economic fluctuations in production regions, the potential impact of US tariff policies and additional tariffs on imported materials on overseas gross profit was newly specified. - FY2023ReframedAnnual report
「The main production regions are Southeast Asia, at approximately 50%, and China, at approximately 50%. There was some impact from events including the coup in Myanmar and lockdowns in Vietnam due to infectious diseases, but a significant deterioration in political or economic conditions in these regions could disrupt product supplies.」
For the production regions of private-label and licensed-brand products, China's share was revised from approximately 40% to approximately 50%, resulting in a composition of approximately 50% each for Southeast Asia and China. - FY2022MaterialisedAnnual report
「There was some impact from events including the coup in Myanmar and lockdowns in Vietnam due to infectious diseases, but a significant deterioration in political or economic conditions in these regions could disrupt product supplies.」
The disclosure states that the coup in Myanmar and lockdowns in Vietnam had an actual impact, bringing the political and economic risks in overseas production regions to the fore. - FY2021ReframedAnnual report
「Approximately 30% of our group's domestic sales consist of private-label and licensed-brand products, which are manufactured at contract factories overseas and imported into Japan. The main production regions are Southeast Asia, at approximately 50%, and China, at approximately 40%. A significant deterioration in political or economic conditions in these regions could disrupt product supplies.」
Southeast Asia, at approximately 50%, and China, at approximately 40%, were identified as the production regions for private-label and licensed-brand products, making the risk of supply disruptions due to political and economic conditions more specific. - FY2020RestatedAnnual report
「Slightly more than 30% of our group's domestic sales consist of private-label products, and 90% of these products are imported from overseas. Most of these imported products are settled in US dollars.」
The structure of importing 90% of private-label products, which account for slightly more than 30% of domestic sales, and the dependence on US dollar settlement have been reaffirmed. - FY2019SoftenedAnnual report
「Slightly more than 30% of our group's domestic sales consist of private-label products, and 90% of these products are imported from overseas. Most of these imported products are settled in US dollars.」
The description changed from private-label products accounting for "approximately 40%" of domestic sales to "slightly more than 30%," while the overseas import ratio changed from "more than 90%" to "90%." - FY2018RestatedAnnual report
「Approximately 40% of our group's domestic sales consist of private-label products, and more than 90% of our private-label products are imported from overseas. Significant changes in the political or economic conditions of the countries from which these products are imported could affect our results.」
The overseas sourcing ratio for private-label products and the political and economic risks in the source countries have been restated in the same form. - FY2017First statedAnnual report
「Approximately 40% of our group's domestic sales consist of private-label products, and more than 90% of our private-label products are imported from overseas. Significant changes in the political or economic conditions of the countries from which these products are imported could affect our results.」
More than 90% of private-label products, which account for approximately 40% of domestic sales, are imported from overseas, and the political and economic conditions of the source countries are identified as a risk.