Business Risks Associated with Overseas Expansion, Including Regulations, Political Conditions, and Business Practices
First written in FY2020. 4 of 11 entries say "Restated". Latest entry: FY2024-Q3.
S E moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2025: 50 of 96 companies on the "Worse" side.
19 other companies' latest entry also says "Mitigated".
- FY2024-Q3MitigatedAnnual report
「Local economic activity in Asia and Africa is also gradually returning to pre-pandemic conditions.」
It is stated that local economic activity in Asia and Africa is gradually returning to pre-pandemic conditions, indicating that the impact on local activities associated with overseas expansion has eased somewhat. - FY2024-Q1MitigatedAnnual report
「In the architecture and civil engineering markets closely related to our Group, public-sector construction has remained at the high levels seen in recent years, private-sector capital investment has finally begun to show signs of recovery, and local economic activity in Asia and Africa is gradually returning to pre-COVID-19 levels.」
It is stated that local economic activity in Asia and Africa is gradually returning to pre-pandemic conditions, indicating that the impact on local activities associated with overseas expansion has eased somewhat. - FY2023MitigatedAnnual report
「During the consolidated fiscal year, although the beginning-of-period order backlog was small and some projects were delayed, overall performance progressed smoothly」
It is stated that restrictions on overseas local activities had largely been lifted and that the overseas consulting business had progressed smoothly overall. However, the small order backlog and project delays remain. - FY2023-Q3MitigatedAnnual report
「In the architecture and civil engineering markets closely related to our Group, public-sector construction has remained at the high levels seen in recent years, while private-sector capital investment is finally showing signs of recovery and local economic activity in Asia and Africa is gradually resuming.」
It is stated that local economic activity in Asia and Africa is gradually resuming, indicating that the impact on local activities associated with overseas expansion has eased somewhat. - FY2023-Q1RestatedAnnual report
「In the architecture and civil engineering markets closely related to our group, government construction projects have remained firm and signs of recovery have finally begun to emerge, but demand for private-sector construction has weakened due to sluggish capital spending, and the effects on local economic activity in Asia and Africa remain.」
It is stated that the impact on local economic activity in Asia and Africa remains. - FY2022RestatedAnnual report
「In Asia and Africa, the impact on local economic activity has continued, with infections resuming their spread in some regions.」
In overseas expansion, the impact of the renewed spread of infections on local economic activity in Asia and Africa has continued. The Group identifies strengthening information-gathering functions and establishing an overseas management system as mitigation measures. - FY2022-Q3RestatedAnnual report
「In Asia and Africa, the impact on local economic activity has continued, with infections resuming their spread in some regions.」
In Asia and Africa, the impact of the renewed spread of infections on local economic activity has continued. - FY2022-Q1RestatedAnnual report
「In overseas economies, regional disparities have widened. While the United States and Europe have been gradually moving toward economic recovery as vaccination progresses, infections with the Delta variant have spread in Southeast Asia, where vaccination has lagged, causing a sharp increase in cases and leaving conditions extremely severe.」
Regarding the business environment for overseas expansion, severe impacts on local economic activity have continued because of delays in vaccinations in Southeast Asia and the spread of the Delta variant. - FY2021WorsenedAnnual report
「During the fiscal year, the business remained sluggish, largely because the expansion of COVID-19 led to the suspension of overseas operations and the extension of construction periods into the following fiscal year. As a result, revenue from this business was ¥322 million (down 48.0% year on year), while the operating loss was ¥146 million (compared with an operating loss of ¥22 million in the previous fiscal year).」
Disruptions to local activities and extensions of construction periods in overseas operations affected full-year performance, resulting in a 48.0% decline in revenue from the overseas consulting business and an operating loss of ¥146 million. - FY2021-Q2MaterialisedAnnual report
「In the architecture and civil engineering markets closely related to the Group, some scheduled construction projects and other work have been postponed or canceled to prevent the spread of COVID-19. Overseas operations in particular have been affected, including by lower sales, due to stagnation in local economic activity and travel restrictions.」
In addition to potential risks associated with regulations, political conditions and business practices in overseas expansion, the stagnation of local economic activity and travel restrictions caused by COVID-19 actually occurred and resulted in lower sales and other impacts on overseas operations. - FY2020First statedAnnual report
「Overseas expansion entails various potential risks, including language and geographical factors, regulations such as legal and tax systems, regulatory oversight by authorities, political conditions and differences in business practices.」
While planning to develop overseas construction-materials markets, particularly in Vietnam and other Asian markets, the Group has newly identified risks arising from language, regulations, political conditions and business practices.