Country risk associated with overseas business operations
First written in FY2020. 2 of 5 entries say "Restated". Latest entry: FY2024-Q2.
Shinwa moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
The whole theme swung hardest in 2020: 6 of 7 companies on the "Worse" side.
4 other companies' latest entry also says "Restated".
- FY2024-Q2RestatedAnnual report
「Meanwhile, downside risks to economic activity, including the prolonged Russian invasion of Ukraine, the continued depreciation of the yen, high prices for goods and resources, and concerns about China's economic outlook, remain evident, and the situation continues to warrant close attention.」
Overseas economic and geopolitical factors, including concerns about China's economic outlook, remain ongoing risks in the business environment, including for the overseas business. - FY2023WorsenedAnnual report
「In light of the downturn in China’s real estate and construction markets, the company believes that increasing sales in its target overseas markets will be difficult for the time being.」
Regarding country risks associated with the Group's overseas business, including in China, the slowdown in China's real estate and construction markets was explicitly identified as a constraint on actual sales growth. - FY2022RestatedAnnual report
「As part of expanding its operating footprint, the Group conducts overseas business in Asia, including China.」
The Group continues to disclose its overseas business operations in Asia, including China, and country risks related to economic conditions, foreign exchange, regulations, and the political and economic environment, among other factors. - FY2021-Q2MaterialisedAnnual report
「Meanwhile, the Group closed its representative office in the Philippines in August this year, in light of the prolonged stagnation of economic activity in the Republic of the Philippines and the outlook for public safety, among other factors.」
Country risks associated with the stagnation of economic activity and public safety in overseas markets materialised in the form of the closure of the representative office in the Philippines. - FY2020First statedAnnual report
「As part of expanding its operating footprint, the Group conducts overseas business in Asia, including China.」
As its overseas business expands, country risks such as economic downturns in the markets it enters, exchange-rate fluctuations, changes in tax systems and regulations, political and economic turmoil, terrorism and conflict, and natural disasters are being disclosed for the first time as a standalone risk category.