Country risk arising from political, economic and social conditions in overseas markets
First written in FY2020. 5 of 11 entries say "Materialised", first in FY2021-Q3. Latest entry: FY2026.
Ship Healthcare Holdings moved to the "Worse" side of this theme in 2021, the same year as the typical company in this theme.
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
「Receivables subject to concerns over collectibility consist mainly of US dollar-denominated receivables from a former subsidiary in the Republic of the Union of Myanmar and its owner. In addition to the country's unstable security situation, overseas remittances in US dollars continue to be difficult, creating a significant risk regarding collection of these receivables.」
Myanmar-related receivables subject to concerns over collectibility totaled ¥6,698 million, with an allowance for doubtful accounts of ¥5,623 million, and collection procedures are also being pursued with advice from legal professionals. - 2026-05-12MaterialisedEarnings
「Provision for allowance for doubtful accounts 3,070」
The ¥3,070 million provision for allowance for doubtful accounts related to overseas receivables recorded in the previous fiscal year was presented as comparative information, indicating that collection risk in overseas operations continues. - FY2025MaterialisedAnnual report
「Receivables subject to concerns over collectibility consist mainly of US dollar-denominated receivables from a former subsidiary in the Republic of the Union of Myanmar and its owner. In addition to the country's unstable security situation, overseas remittances in US dollars continue to be difficult, creating a significant risk regarding collection of these receivables.」
The unstable security situation in Myanmar and difficulty in remitting foreign currency have made the collection risk on US dollar-denominated receivables from a former subsidiary and other parties, totaling ¥6,140 million, materialize, and an allowance for doubtful accounts of ¥3,070 million was recognized. - FY2024-Q3RestatedAnnual report
「Our two consolidated subsidiaries in the Republic of the Union of Myanmar have been affected by Western financial sanctions stemming from the military coup and the forced conversion of foreign currency, among other factors. Further strengthening of financial sanctions is now making it increasingly difficult to collect receivables and make purchases denominated in foreign currencies,」
It continues to be stated that the strengthening of financial sanctions is making it increasingly difficult for the Myanmar subsidiaries to collect receivables and make purchases denominated in foreign currencies. - FY2024-Q2WorsenedAnnual report
「Our two consolidated subsidiaries in the Republic of the Union of Myanmar have been affected by Western financial sanctions stemming from the military coup and the forced conversion of foreign currency, among other factors. Further strengthening of financial sanctions is now making it increasingly difficult to collect receivables and procure goods denominated in foreign currencies,」
At the Myanmar subsidiaries, financial sanctions were further strengthened, making it increasingly difficult to collect receivables and make purchases denominated in foreign currencies. In addition, because excess earnings capacity was no longer expected, an impairment loss was recognized on goodwill of ¥2,635 million. - FY2022MaterialisedAnnual report
「Overseas, including the situation between Russia and Ukraine, the state of emergency declared by the Myanmar military has also continued in Myanmar, where we conduct business activities, and we are closely monitoring the situation.」
It was stated that the continuing state of emergency in Myanmar had affected the overseas business through lockdowns, the coup and financial sanctions imposed by Western countries. - FY2022-Q3WorsenedAnnual report
「The Total Pack Produce business performed weakly due to factors including the smaller scale of project orders than in a typical year, the impact of order adjustments caused by tight procurement of electrical components from manufacturers, the reactionary decline in demand for infection-control products purchased using COVID-19 countermeasure subsidies, and the effects of the political upheaval, COVID-19 and financial regulations on the Myanmar subsidiary.」
For the Myanmar subsidiary, the impact of financial regulations was explicitly identified in addition to the previous political upheaval and COVID-19, and country risk in the overseas business has emerged as weak performance. - FY2022-Q2MaterialisedAnnual report
「Project performance remained sluggish because plans were weighted toward the second half and due to the impact of political upheaval and the COVID-19 pandemic on the Myanmar subsidiary, among other factors.」
It was stated that the impact of the political upheaval and COVID-19 on the Myanmar subsidiary had materialized as weak performance in project orders. - FY2021WorsenedAnnual report
「Although the impact of worsening security conditions in the Republic of the Union of Myanmar was beginning to spread, operations generally progressed as planned.」
In addition to the Myanmar military's declaration of a state of emergency, the impact of deteriorating security conditions was described as spreading to business activities, making the effects of country risk more concrete. - FY2021-Q3MaterialisedAnnual report
「In Myanmar, the Myanmar military declared a state of emergency on 1 February 2021 and announced that it had seized power. We are closely monitoring the situation, but depending on how it develops, it may affect our Group's operating results and financial position.」
The previously disclosed country risk concerning Myanmar's political and social conditions materialized in the military's declaration of a state of emergency and announcement that it had seized power. The company stated that it was monitoring future developments and described the potential impact on operating results and financial position. - FY2020First statedAnnual report
「Our Group conducts business activities overseas, including in the Republic of the Union of Myanmar and the People's Republic of Bangladesh, and is exposed to country risk arising from unforeseen events caused by the political, economic and social conditions of these countries and regions, as well as changes in laws and regulations.」
Country risk related to business activities in Myanmar, Bangladesh and other markets was disclosed as a new major risk, including the possibility of business restrictions and delays in or inability to collect receivables due to political, economic and social conditions or changes in laws and regulations.