Country Risks Associated with International Expansion
First written in FY2016. 12 of 23 entries say "Worsened", first in FY2017-Q2. Latest entry: 2026-10-14.
create restaurants holdings moved to the "Worse" side of this theme in 2016, 4 years before the typical company in this theme (2020).
1 other company's latest entry also says "Materialised".
- FY2025WorsenedAnnual report
「During the consolidated fiscal year, personal consumption showed signs of recovery, supported by a recovery in foot traffic as economic activity normalized, an expansion in inbound demand resulting from an increase in visitors to Japan, and the continued trend of wage increases. However, in Japan, inflation caused by the weak yen and abnormal weather and labor shortages associated with the declining birthrate and aging population have emerged. Overseas, there is no clear prospect of resolving geopolitical risks relating to U.S. policy developments, the Russia-Ukraine situation and the situation in the Middle East, and conditions remain uncertain.」
Regarding overseas risks, it states that there is no clear prospect of resolving geopolitical risks relating to U.S. policy developments, the Russia-Ukraine situation and the situation in the Middle East. - FY2025-H1WorsenedAnnual report
「However, in Japan, in addition to inflation caused by the weak yen and abnormal weather and labor shortages associated with the declining birthrate and aging population, overseas concerns include a slowdown in the Chinese economy and the lack of visibility on the resolution of geopolitical risks relating to the Russia-Ukraine situation and the situation in the Middle East. As a result, conditions remain uncertain.」
Regarding the overseas environment, it states that there is no clear prospect of resolving concerns about a slowdown in the Chinese economy or the geopolitical risks relating to the Russia-Ukraine situation and the situation in the Middle East. - FY2024WorsenedAnnual report
「In addition, economic conditions overseas are chaotic due to geopolitical risks relating to the Russia-Ukraine situation and the situation in the Middle East, and the outlook remains impossible to predict.」
In addition to the previously cited Russia-Ukraine situation and other factors, it explicitly identifies the situation in the Middle East, expanding its description of geopolitical risks overseas. - FY2024-Q1WorsenedAnnual report
「However, raw material and resource prices continue to rise due to yen depreciation in the foreign exchange market and geopolitical risks associated with the prolonged Russia-Ukraine situation, and economic conditions remain uncertain.」
Regarding the external environment surrounding overseas operations, it explicitly identifies the continuing depreciation of the yen and geopolitical risks associated with the protracted Russia-Ukraine situation. - FY2023-Q3RestatedAnnual report
「However, conditions remain uncertain due in part to concerns about an economic downturn caused by a renewed spread of COVID-19, soaring global resource prices, heightened international tensions and the impact of the yen remaining weak at a high level.」
It continues to describe uncertainty in the overseas and international environment resulting from a renewed spread of infection, soaring resource prices, heightened international tensions and the weak yen. - FY2023-Q2WorsenedAnnual report
「Conditions remain uncertain due in part to soaring global resource prices, heightened international tensions and a sharp depreciation of the yen.」
In addition to heightened international tensions, it explicitly identifies soaring resource prices and the rapid depreciation of the yen as factors contributing to uncertainty in the overseas and international environment. - FY2023-Q1WorsenedAnnual report
「Conditions remain uncertain due to the emergence of geopolitical risks resulting from heightened international tensions.」
Regarding overseas conditions, it explicitly identifies the emergence of geopolitical risks in addition to previously cited uncertainty. - FY2020RestatedAnnual report
「The Group operates stores overseas, and its performance may be affected by market trends, the presence of competitors, and various other country risks in the countries where its overseas subsidiaries and affiliates operate, including political, economic, legal, cultural, religious and customary factors, as well as foreign exchange rates.」
It continues to cite country risks associated with overseas operations, including market conditions, institutions, culture and foreign exchange rates. - FY2020-Q3WorsenedAnnual report
「During the nine months ended the third quarter of the current fiscal year, the Japanese economy remained on a moderate recovery trend, supported by increased capital investment and improvements in the employment and income environment. However, conditions remained uncertain due to overseas political developments and economic uncertainty, including developments in trade issues centered on the United States, concerns about the outlook for the Chinese economy, and the course of the UK's withdrawal from the EU.」
Regarding overseas risks, it specifically identifies the course of the UK's withdrawal from the EU in addition to U.S. trade issues and concerns about the outlook for the Chinese economy, expanding the factors contributing to uncertainty about the outlook. - FY2020-Q1RestatedAnnual report
「During the three months ended the first quarter of the current fiscal year, the Japanese economy remained on a moderate recovery trend, supported by increased capital investment and improvements in the employment and income environment. However, conditions remained uncertain due to overseas political developments and economic uncertainty, including developments in trade issues centered on the United States and concerns about the outlook for the Chinese economy.」
It continues to describe uncertainty about the outlook resulting from trade issues centered on the United States, concerns about the outlook for the Chinese economy, and uncertainty in overseas political and economic conditions. - FY2019WorsenedAnnual report
「The company operated in an uncertain environment, with concerns over the effects of uncertainty in overseas political and economic conditions, including intensifying US-China trade friction, and continuing geopolitical risks.」
In addition to the previously cited overseas political developments and geopolitical risks, it specifically identifies escalating U.S.-China trade friction and uncertainty in overseas political and economic conditions. - FY2019-Q3WorsenedAnnual report
「During the nine months ended the third quarter of the current fiscal year, the Japanese economy continued on a moderate recovery trend, supported by the effects of various policies and improvements in corporate earnings and the employment and income environment. However, conditions remained uncertain due to concerns about the effects of uncertainty in overseas political and economic conditions, including escalating U.S.-China trade friction, and continuing geopolitical risks.」
In addition to the previously cited unstable political developments and geopolitical risks overseas, it specifically identifies escalating U.S.-China trade friction and uncertainty in overseas political and economic conditions. - FY2019-Q2RestatedAnnual report
「During the six months ended the second quarter of the current fiscal year, the Japanese economy remained on a moderate recovery trend, supported by the effects of various policies and improvements in corporate earnings and the employment and income environment. However, conditions remained uncertain due to concerns about the effects of unstable political developments overseas and continuing geopolitical risks.」
It continues from the previous quarter to describe uncertainty about the outlook resulting from unstable political developments and continuing geopolitical risks overseas. - FY2019-Q1RestatedAnnual report
「During the three months ended the first quarter of the current fiscal year, the Japanese economy remained on a moderate recovery trend, supported by the effects of various policies and improvements in corporate earnings and the employment environment. However, conditions remained uncertain due to concerns about the effects of unstable political developments overseas and continuing geopolitical risks.」
It indicates that unstable political developments and geopolitical risks overseas continue, and continues to cite risks relating to overseas conditions. - FY2018Specific overseas geopolitical risksAnnual report
「During the consolidated fiscal year, the Japanese economy remained on a moderate recovery trend, supported by improvements in corporate earnings and the employment environment. However, conditions remained uncertain due to concerns about the effects of rising geopolitical risks overseas, including developments in the policies of the U.S. president and the situation in North Korea.」
Specific factors relating to overseas geopolitical risks are identified, namely developments in the policies of the U.S. president and the situation in North Korea. - FY2018-Q2RestatedAnnual report
「During the six months ended the second quarter of the current fiscal year, the Japanese economy remained on a moderate recovery trend, supported by improvements in corporate earnings and the employment environment. However, conditions remained uncertain due to concerns about the effects of unstable political developments overseas and rising geopolitical risks.」
It continues from the previous quarter to describe uncertainty about the outlook resulting from unstable political developments overseas and rising geopolitical risks. - FY2018-Q1WorsenedAnnual report
「During the three months ended the first quarter of the current fiscal year, the Japanese economy remained on a moderate recovery trend, supported by improvements in corporate earnings and the employment environment. However, conditions remained uncertain due to concerns about the effects of unstable political developments overseas and rising geopolitical risks.」
Unstable political developments overseas and rising geopolitical risks are explicitly identified, providing a more specific description of uncertainty surrounding overseas conditions. - FY2017RestatedAnnual report
「The Group operates stores overseas, and its performance may be affected by market trends, the presence of competitors, and various other country risks in the countries where its overseas subsidiaries and affiliates operate, including political, economic, legal, cultural, religious and customary factors, as well as foreign exchange rates.」
It continues to cite country risks associated with overseas operations, including market conditions, institutions, culture and foreign exchange rates. - FY2017-Q3RestatedAnnual report
「However, in addition to a downturn in overseas economies, including emerging Asian economies such as China and resource-rich countries, and the UK's withdrawal from the EU, rising instability in stock prices and foreign exchange markets heightened consumers' preference for saving, leaving personal consumption stagnant, and conditions remained uncertain.」
It continues to cite overseas economic conditions, including emerging Asian economies such as China, the UK's withdrawal from the EU, and instability in stock prices and foreign exchange markets. - FY2017-Q2WorsenedAnnual report
「However, in addition to a downturn in overseas economies, including emerging Asian economies such as China and resource-rich countries, growing concern about overseas conditions stemming from the UK's withdrawal from the EU increased instability in stock prices and foreign exchange markets, and conditions remained uncertain.」
It states that a downturn in overseas economies, the UK's withdrawal from the EU, and instability in stock prices and foreign exchange markets led to heightened concern about overseas conditions. - FY2016First statedAnnual report
「The performance of the Group may be affected by market trends, the presence of competitors, and various other country risks in the countries where its overseas subsidiaries and affiliates operate, including political, economic, legal, cultural, religious and customary factors, as well as foreign exchange rates.」
It identifies multiple country risks associated with the expansion of overseas operations, including market conditions, institutions, culture and foreign exchange rates.