Political, economic, foreign exchange and regulatory risks associated with overseas expansion
First written in FY2023. 1 of 3 entries say "Worsened", first in FY2024. Latest entry: FY2026.
The whole theme swung hardest in 2025: 72 of 116 companies on the "Worse" side.
75 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Overseas business activities are subject to various influences, including political, economic and foreign exchange trends in each region, various legal regulations, business practices, social unrest and pandemics. If these factors adversely affect overseas business activities, they may affect the Group's operating results, financial condition and other aspects of its business.」
The Company continues to disclose the risks associated with the expansion of its overseas business, including political, economic and foreign exchange conditions, legal regulations, business practices, social unrest and pandemics. - FY2024WorsenedAnnual report
「As part of its management strategy, the Group is working to expand its overseas business, and the proportion of the Group's operating results attributable to overseas business is also increasing.」
The Company explicitly states that its overseas business and the proportion of operating results attributable to it are expanding, broadening the scope of the impact from political, economic and foreign exchange conditions, legal regulations, business practices, social unrest and pandemics. - FY2023First statedAnnual report
「Overseas business activities are subject to various influences, including political, economic and foreign exchange trends in each region, various legal regulations, business practices, social unrest and pandemics. If these factors adversely affect overseas business activities, they may affect the Group's operating results, financial condition and other aspects of its business.」
For the first time, the Company has disclosed as a separate risk item the risk that political, economic and foreign exchange conditions, legal regulations, business practices, social unrest and pandemics may affect its overseas business, operating results and financial condition as its overseas business expands.