Risks associated with the expansion and monetisation of overseas operations
First written in FY2016. 5 of 17 entries say "Materialised", first in FY2020-Q1. Latest entry: FY2026.
No other company in this theme has enough history to compare yet.
- FY2026MaterialisedAnnual report
「Because performance deviated from the initial plan, goodwill related to PT.KML ICHIMASA FOODS was recognized as an impairment loss and recorded as an extraordinary loss.」
The company recorded an impairment loss of ¥86.644 million on goodwill related to the Indonesian subsidiary because performance deviated from the initial plan. The overseas business's monetization risk has emerged as an actual loss. - 2026-07-31MaterialisedRevision of earnings forecasts
「のれん計上時の事業計画において想定していた利益水準を下回ることとなったことから、回収可能性を検討した結果」
連結子会社化したPT. ICHIMASA KAIA FOODSについて、追加出資時の事業計画で想定した利益水準を下回り、のれん減損の検討に至った。 - FY2025WorsenedAnnual report
「In the latest economic environment, the reciprocal tariffs announced by US President Trump in April 2025 have had a material impact on exports of the company's products, and the company needs to continue closely monitoring developments related to the reciprocal tariffs.」
In addition to the previous overseas economic, political, legal and regulatory risks, the company states that US reciprocal tariffs are actually affecting exports of its products. It also states that China's and Hong Kong's import suspensions may continue to affect exports for the time being. - FY2024MaterialisedAnnual report
「However, China's blanket suspension of imports of seafood products from Japan, which has continued since 2023, and Hong Kong's suspension of imports of products from Niigata Prefecture have had a material impact on exports of our products, and the company needs to continue closely monitoring developments in the Chinese government.」
It is stated that China's blanket suspension of imports of seafood products from Japan and Hong Kong's import restrictions are actually affecting exports of the company's products. - FY2023WorsenedAnnual report
「However, China's implementation of a blanket ban on imports of seafood products from Japan may significantly affect the growth potential of overseas exports, because China and Hong Kong are major export markets for Japan's processed seafood products.」
Regarding overseas business risks, the company explicitly identifies the impact on export growth of China's blanket ban on imports of seafood products from Japan and Hong Kong's import restrictions, in addition to local economic, political, legal and regulatory risks. - FY2022RestatedAnnual report
「Our group operates overseas businesses, including exports of domestically manufactured products and an Indonesian joint venture that manufactures and sells processed seafood products. However, if unforeseen events, such as economic or political developments in the country concerned, an event threatening food safety, or legal and regulatory issues, prevent business expansion from proceeding as planned, our group's business results and financial position may be affected.」
Following the restructuring of the China business, the company continues to disclose risks related to the expansion and monetization of overseas businesses centered on exports of domestically manufactured products and the Indonesian joint venture. - FY2021MitigatedAnnual report
「一正農業科技（常州）有限公司 suspended production in November 2019 and completed liquidation in May 2021, improving profitability by eliminating the unprofitable business.」
Following the suspension of production, the Chinese subsidiary completed liquidation in May 2021, resolving the continuing exposure to that business. The focus of the overseas business has shifted to exports from the Indonesian joint venture. - FY2021-Q3MitigatedAnnual report
「The gain resulted from the sale of buildings, structures and other assets held by the Group's overseas subsidiary, 一正農業科技（常州）有限公司.」
The sale of buildings, structures and other assets of the Chinese subsidiary, for which production had been suspended and dissolution had been resolved, was completed, advancing measures to address the continuing exposure to the business. - FY2021-Q2MitigatedAnnual report
「The boards of directors of マルス蒲鉾工業株式会社 and 一正農業科技（常州）有限公司 resolved to dissolve the companies at meetings held on 20 November 2020 and 24 December 2020, respectively. This relates to the sale of buildings, structures and other assets of 一正農業科技（常州）有限公司, our overseas subsidiary.」
For the Chinese subsidiary, a dissolution resolution was passed and the sale of its buildings, structures and other assets has progressed, advancing measures to address the continuing exposure to the business following the production suspension. - FY2021-Q1MitigatedAnnual report
「The consolidated subsidiary 一正農業科技（常州）有限公司 has currently suspended production, and, in preparation for its future dissolution and liquidation, we decided to transfer the land, buildings and other assets it owns.」
Following the suspension of production by the Chinese subsidiary, procedures toward dissolution and liquidation are progressing through the transfer of fixed assets, and measures to address the continuing exposure to that business are taking concrete form. - FY2020ReframedAnnual report
「Our group operates overseas businesses, including a joint venture in Indonesia established to manufacture and sell processed seafood products. However, if unforeseen events, such as economic or political developments in the country concerned, an event threatening food safety, or the impact of the spread of COVID-19 on economic and social activity, prevent business expansion from proceeding as planned, our group's business results and financial position may be affected.」
The description of overseas business risk has changed from the suspended and liquidated China business to a focus on the Indonesian joint venture and the effects of economic conditions, politics and infectious diseases in Indonesia. - FY2020-Q3RestatedAnnual report
「一正農業科技（常州）有限公司 resolved to suspend production at a board meeting held on 13 November 2019.」
The company continues to describe the overseas business's monetization risk as having materialized, in connection with the resolution to suspend production at the Chinese subsidiary and the recording of a loss on liquidation of a subsidiary and a provision for liquidation losses. - FY2020-Q2MaterialisedAnnual report
「We recorded the loss incurred and the estimated loss associated with the suspension of production by 一正農業科技（常州）有限公司, our overseas subsidiary.」
Following the suspension of production by the Chinese subsidiary, the company recorded a ¥14.019 million loss on liquidation of a subsidiary and ¥80.834 million in provision expense for losses related to the liquidation of a subsidiary, and the overseas business's monetization risk materialized as a loss. - FY2020-Q1MaterialisedAnnual report
「Because consumer awareness of maitake products in the Chinese market did not expand to the level initially expected, it became extremely difficult to continue production. In light of this, we decided to suspend production at 一正州. We plan to begin the necessary procedures for the dissolution and liquidation of 一正州.」
For the Chinese subsidiary, continued production became difficult because of insufficient consumer awareness, leading to a decision to suspend production and begin dissolution and liquidation procedures. A ¥89 million provision for losses related to the liquidation of a subsidiary was also recorded, and the overseas business's monetization risk actually materialized. - FY2018RestatedAnnual report
「However, if an economic downturn, political problems or an event threatening food safety occurs in the country concerned, or if business expansion and other activities do not proceed as planned, our group's business results and financial position may be affected.」
The company continues to disclose the possibility of adverse effects from local conditions and failure to meet plans in overseas businesses, including China and Indonesia. - FY2017RestatedAnnual report
「If an economic downturn, political problems or an event threatening food safety occurs in the country concerned, or if business expansion and other activities do not proceed as planned, our group's business results and financial position may be affected.」
The company continues to disclose the possibility of adverse effects from local conditions and failure to meet plans in overseas businesses, including China and Indonesia. - FY2016First statedAnnual report
「If an economic downturn, political problems or an event threatening food safety occurs in the country concerned, or if business expansion and other activities do not proceed as planned, our group's business results and financial position may be affected.」
The China mushroom business recorded an impairment loss of ¥248.208 million due to continuing operating losses, and the risk related to overseas operations has been disclosed as an actual loss.