Political, social and economic risks in overseas markets
First written in FY2017. 4 of 11 entries say "Restated". Latest entry: 2026-10-30.
Kyowa Leather Cloth moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).
The whole theme swung hardest in 2025: 48 of 96 companies on the "Worse" side.
18 other companies' latest entry also says "Mitigated".
- FY2026WorsenedAnnual report
「However, geopolitical risks in the Middle East emerged as the fiscal year-end approached, and uncertainty increased rapidly.」
The disclosure states that geopolitical risks in the Middle East had actually emerged as a risk relating to political, social and economic conditions in overseas markets. - FY2025RestatedAnnual report
「The group conducts business activities in various countries. Unexpected political factors, social unrest such as terrorism and war, and changes in economic conditions in those countries may adversely affect the group's operating results and financial condition.」
The disclosure continues to identify the potential impact of political, social and economic conditions in overseas markets as a risk. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, Japan’s economy recovered gradually as corporate earnings and employment and income conditions improved. However, the outlook remained uncertain due to inflation caused by elevated raw material and energy prices, concerns over stagnating consumer sentiment, the risk of a downturn in overseas economies and heightened geopolitical risks.」
The disclosure continues to identify weaker overseas economies and heightened geopolitical risks as concerns regarding the overseas business environment. - FY2024RestatedAnnual report
「The group conducts business activities in various countries. Unexpected political factors, social unrest such as terrorism and war, and changes in economic conditions in those countries may adversely affect the group's operating results and financial condition.」
The disclosure continues to identify the potential impact of political, social and economic conditions in overseas markets as a risk. - FY2024-Q3WorsenedAnnual report
「Uncertainty remains due to heightened geopolitical risks, weaker overseas economies and concerns that rising prices will cause personal consumption to stagnate.」
The disclosure identifies heightened geopolitical risks and weaker overseas economies as risks to the overseas business environment, and also notes concerns that rising prices may cause personal consumption to stagnate. - FY2020RestatedAnnual report
「The group conducts business activities in various countries. Unexpected political factors, social unrest such as terrorism and war, and changes in economic conditions in those countries may adversely affect the group's operating results and financial condition.」
The disclosure continues to describe the potential impact of political, social and economic conditions in overseas markets. - FY2017First statedAnnual report
「The group conducts business activities in various countries. Unexpected political factors, social unrest such as terrorism and war, and changes in economic conditions in those countries may adversely affect the group's operating results and financial condition.」
The disclosure describes the potential adverse impact of political factors, social unrest such as terrorism and war, and changes in economic conditions associated with operating in multiple countries.