Country and natural-disaster risks at the Thailand facility
First written in FY2016. 4 of 12 entries say "Restated". Latest entry: FY2026-H1.
The Seima Holdings moved to the "Worse" side of this theme in 2019, 2 years before the typical company in this theme (2021).
The whole theme swung hardest in 2022: 27 of 57 companies on the "Worse" side.
4 other companies' latest entry also says "Dropped".
- FY2026-H1DroppedAnnual report
「Sahakit Wisarn Company was a consolidated subsidiary in the previous fiscal year, but was excluded from the scope of consolidation following the transfer of its shares. As a result, the following risk was eliminated. (5) Country risks and other risks at overseas locations」
The company explicitly stated that country risks and other risks at overseas locations had been eliminated following the exclusion of Sahakit Wisarn Company from consolidation. - FY2024RestatedAnnual report
「Our Group's subsidiary in Thailand, サハキット ウィサーン Company Limited, is a production base for the mat business and also a major sales base. Accordingly, country risks, including major political and economic upheaval, amendments to laws, terrorism and social unrest in Thailand, as well as natural disaster risks, may affect the Group's operating performance and financial position.」
The company reaffirmed the risks of political and economic upheaval, amendments to laws, social unrest and natural disasters associated with concentrating production and sales operations in Thailand. - FY2022-Q3MitigatedAnnual report
「Against this economic backdrop, amid the COVID-19 pandemic, the industrial materials business worked to secure supplies through close communication with import sources; the mat business overcame issues including production stoppages caused by the spread of infections in Thailand and uncertain shipping conditions due to container shortages; and the food business worked to maintain and strengthen its production system. Each business sought to recover performance while responding to its operating environment.」
The company stated that it responded to the business environment and overcame the impact on operations and shipments in the mat business, despite continued operating shutdowns and container shortages caused by the spread of infection in Thailand. - FY2022-Q2MaterialisedAnnual report
「In the Mats Business, production did not proceed as planned due to production stoppages and other disruptions caused by the spread of infections in Thailand, the production base. The Company also faced container shortages when shipping overseas.」
Country risks at the Thai operations materialized in the form of suspension of operations due to the spread of infection and failure to meet plans. - FY2021WorsenedAnnual report
「Accordingly, country risks, including major political and economic upheaval, amendments to laws, terrorism and social unrest in Thailand, as well as natural disaster risks, may affect the Group's operating performance and financial position.」
Amendments to laws were explicitly identified as a risk factor at the Thai operations, in addition to the previously identified political and economic upheaval, social unrest and natural disasters. - FY2020MaterialisedAnnual report
「In addition, personnel costs, including higher provisions for retirement benefits resulting from amendments to labor laws in Thailand, the production base, rose and put pressure on profit.」
Amendments to labor laws and rising personnel costs at the Thai operations resulted in higher provisions for retirement benefits and pressure on profit for the full fiscal year. - FY2020-Q2MaterialisedAnnual report
「Sales volumes increased in Japan and overseas, driven mainly by lower-priced vehicle types such as kei cars and compact cars, resulting in higher revenue. However, higher personnel costs, including increased provisions for retirement benefits following amendments to labor laws in Thailand, the production base, put pressure on profit.」
Higher provisions for retirement benefits and rising personnel costs resulting from amendments to labor laws in Thailand continued to put pressure on profit in the mat business. - FY2020-Q1MaterialisedAnnual report
「In addition, higher provisions for retirement benefits resulting from amendments to labor laws in Thailand, the production base, put pressure on profit.」
The Thai operations' exposure to country-specific laws and systems materialized as higher provisions for retirement benefits following amendments to labor laws, putting pressure on profit. - FY2019RestatedAnnual report
「Our Group's subsidiary in Thailand, サハキット ウィサーン Company Limited, is a production base for the mat business and also a major sales base. Accordingly, country risks, including major political and economic upheaval, terrorism and social unrest in Thailand, as well as natural disaster risks, may affect the Group's operating performance and financial position.」
The company reaffirmed the country and natural disaster risks associated with concentrating production and sales operations in the Thai subsidiary. - FY2018RestatedAnnual report
「Accordingly, country risks, including major political and economic upheaval, terrorism and social unrest in Thailand, as well as natural disaster risks, may affect the Group's operating performance and financial position.」
The company reiterated the country and natural disaster risks associated with the Thai subsidiary's role as the main production and sales base for the mat business. - FY2017RestatedAnnual report
「Accordingly, country risks, including major political and economic upheaval, terrorism and social unrest in Thailand, as well as natural disaster risks, may affect the Group's operating performance and financial position.」
The company reiterated the country and natural disaster risks arising from the Thai subsidiary's role as the main production and sales base for the mat business. - FY2016First statedAnnual report
「Our Group's subsidiary in Thailand, サハキット ウィサーン Company Limited, is a production base for the mat business and also a major sales base. Accordingly, country risks, including major political and economic upheaval, terrorism and social unrest in Thailand, as well as natural disaster risks, may affect the Group's operating performance and financial position.」
The company identified political and economic upheaval, social unrest and natural disasters as potential risks, given the concentration of production and sales operations at the Thai subsidiary.