Uncertainty in the Political, Economic and Legal Environment Overseas
First written in FY2016. 17 of 27 entries say "Restated". Latest entry: FY2026.
Ajinomoto Co. moved to the "Worse" side of this theme in 2022, 1 year after the typical company in this theme (2021).
The whole theme swung hardest in 2025: 47 of 94 companies on the "Worse" side.
39 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Geopolitical conflict, a global trade war and escalation of tensions over the Taiwan Strait」
Risks related to political, economic and legal conditions overseas were specifically organised to include a global trade war, escalation of tensions over the Taiwan Strait, employee safety, supply-chain disruption, and impacts on tariffs and sea lanes. - FY2025WorsenedAnnual report
「●Risk that countries will increasingly prioritise their own interests over multilateral cooperation, weakening frameworks for international economic cooperation and consequently leading to the weakening of globalisation and advancing economic decoupling ●Risk that closer links between the economy and national security will lead to the fragmentation of alliances and deepening conflict between countries」
Uncertainty in the political and economic environments overseas was expanded to include weakening international cooperation, economic decoupling, economic security and deepening conflict between countries. - FY2025-H1RestatedAnnual report
「No new business or other risks arose during the six months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new developments or material changes concerning uncertainty in the political, economic and legal environments overseas. - FY2024WorsenedAnnual report
「●Risk that export controls, tariff measures, financial sanctions and the use of force will restrict the procurement of raw materials, including livestock-feed ingredients, the supply of other goods, cross-border information sharing and the movement of funds, hindering the implementation and development of company-wide and business strategies and manufacturing」
Uncertainty in the political, economic and legal environments overseas was clarified as a conflict and war risk encompassing export controls, tariffs, financial sanctions, the use of force, restrictions on information sharing and restrictions on the movement of funds. - FY2024-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second-quarter period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new developments or material changes concerning uncertainty in the political, economic and legal environments overseas. - FY2024-Q1RestatedAnnual report
「There were no newly arising business or other risks during the first quarter of the current consolidated cumulative period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new developments or material changes concerning uncertainty in the political, economic and legal environments overseas. - FY2023WorsenedAnnual report
「●Risk that shortages of supplies caused by pandemics, the invasion of Ukraine and similar events will make it difficult to promote innovation and conduct business activities, and risk that conflicts and trade wars will restrict cross-border information sharing, hindering the implementation and development of company-wide and business strategies」
The uncertainty of the political, economic and legal environments overseas was organised as a material business risk, expanded to include pandemics, the invasion of Ukraine, trade wars and restrictions on information sharing. - FY2022WorsenedAnnual report
「●Risk of war, conflict or other such events occurring」
Risks related to political and economic conditions overseas were organised to include war and conflict, financial crises, trade friction, US-China trade policies and instability in key countries. The surge in raw-material and fuel prices caused by the situation in Ukraine was also explicitly identified as uncertainty in the operating environment. - FY2022-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third-quarter period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new developments or material changes concerning uncertainty in the political, economic and legal environments overseas. - FY2022-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second-quarter period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new developments or material changes concerning uncertainty in the political, economic and legal environments overseas. - FY2021-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third-quarter period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new developments or material changes concerning uncertainty in the political, economic and legal environments overseas. - FY2021-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second-quarter period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new developments or material changes concerning uncertainty in the political, economic and legal environments overseas. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third-quarter period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new developments or material changes concerning uncertainty in the political, economic and legal environments overseas. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative second-quarter period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new developments or material changes concerning uncertainty in the political, economic and legal environments overseas. - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first-quarter period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new developments or material changes concerning uncertainty in the political, economic and legal environments overseas. - FY2019MaterialisedAnnual report
「An impairment loss was recognised because, in the African countries where プロマシドール・ホールディングス社 and its subsidiaries operate and in Turkey, where イスタンブール味の素食品社 operates, the business environment changed dramatically because of worsening fiscal conditions and a sharp slowdown in economic growth, reducing the corporate value of the relevant business and making an early recovery of its profitability difficult.」
Worsening fiscal and economic conditions in Africa and Turkey actually resulted in lower corporate value and impairment losses. - FY2019-Q3RestatedAnnual report
「In the countries and regions where the Group operates, specifically African countries and Turkey, currency depreciation, weaker consumption and changes in government policy resulting from fiscal deficits and political instability may affect the Group's operating results.」
Risks related to fiscal and political conditions, currency depreciation, weaker consumption and policy changes in African countries and Turkey continue to be explicitly identified. - FY2019-Q2WorsenedAnnual report
「In the countries and regions where the Group operates, specifically African countries and Turkey, currency depreciation, weaker consumption and changes in government policy resulting from fiscal deficits and political instability may affect the Group's operating results.」
For African countries and Turkey, currency depreciation, weaker consumption and policy changes associated with fiscal deficits and political instability were additionally identified as risks involving material changes. - FY2019-Q1RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the first quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It states that there have been no new developments or material changes concerning uncertainty in the political, economic and legal environments overseas. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no material changes concerning uncertainty in the political, economic and legal environments overseas. - FY2018-Q1RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the first quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It states that there have been no material changes concerning uncertainty in the political, economic and legal environments overseas. - FY2017-Q3RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the third quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It states that there have been no material changes concerning uncertainty in the political, economic and legal environments overseas. - FY2017-Q2RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the second quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It states that there have been no material changes concerning uncertainty in the political, economic and legal environments overseas. - FY2017-Q1RestatedAnnual report
「There were no newly arising business or other risks during the cumulative consolidated period for the first quarter. Nor were there any material changes to the business or other risks described in the securities report for the previous fiscal year.」
It explicitly states that there have been no material changes overall in the risks associated with political, economic and legal conditions overseas. - FY2016First statedAnnual report
「Overseas operations may face various economic, political and legal obstacles, including political instability caused by terrorism or conflict, uncertainty over economic trends, barriers arising from differences in religion and culture and from business practices, changes in regulations governing investment, overseas remittances, imports and exports, and foreign exchange, as well as expropriation.」
The Group recognised a range of interconnected risks associated with overseas expansion, including political, regulatory, cultural and remittance-related risks.