Country Risks Associated with Overseas Expansion
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2020.
Arata moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2022: 56 of 112 companies on the "Worse" side.
19 other companies' latest entry also says "Materialised".
- FY2020MaterialisedAnnual report
「Recently, global stagnation in business activity caused by COVID-19 temporarily disrupted the balance between supply and demand. The Group is mitigating the risk by procuring products in line with increased production at domestic factories of domestic suppliers, managing inventory, and entering into new business relationships.」
As part of the country risks concerning overseas operations and overseas suppliers, it states that the COVID-19 pandemic actually disrupted the balance between supply and demand. - FY2018RestatedAnnual report
「As the Group expands its overseas operations, country risks arising from political instability, trade sanctions, differences in cultures and legal systems, and unique labor-management relations in overseas markets could impede smooth operations and adversely affect the Group’s performance and financial position.」
The risks of political instability, trade sanctions, legal and regulatory systems, and labor-management relations associated with the expansion of overseas operations are reiterated. - FY2017RestatedAnnual report
「As the Group expands its overseas operations, country risks arising from political instability, trade sanctions, differences in cultures and legal systems, and unique labor-management relations in overseas markets could impede smooth operations and adversely affect the Group’s performance and financial position.」
The risks of political instability, sanctions, institutional changes, and labor-management relations associated with the expansion of overseas operations are reiterated. - FY2016First statedAnnual report
「As the Group expands its overseas operations, country risks arising from political instability, trade sanctions, differences in cultures and legal systems, and unique labor-management relations in overseas markets could impede smooth operations and adversely affect the Group’s performance and financial position.」
It is described as an external-environment and institutional risk underlying the expansion of overseas operations.