Changes in Laws and Regulations, Political and Economic Conditions, and Social Conditions in Overseas Markets
First written in FY2022. 2 of 4 entries say "Worsened", first in FY2025. Latest entry: 2026-10-14.
Hobonichi moved to the "Worse" side of this theme in 2025, 4 years after the typical company in this theme (2021).
The whole theme swung hardest in 2025: 47 of 94 companies on the "Worse" side.
39 other companies' latest entry also says "Worsened".
- 2026-10-14WorsenedEarnings
「不安定な国際情勢に伴う物価高や外国為替相場の変動、環境規制や税制の変動などの経済要因により、仕入原価や販売・物流関連コストが増加し、業績へ影響を与える可能性があります。」
国際情勢、物価、為替、環境規制、税制の変動によるコスト増加可能性を想定リスクとして具体化している。 - FY2025WorsenedAnnual report
「Uncertainty is expected to continue due to higher fuel prices and raw material costs caused by international geopolitical instability, higher trade costs resulting from the impact of U.S. tariff policies, and foreign exchange movements.」
The company specifically describes higher trade costs resulting from U.S. tariff policies, higher fuel and raw material costs, and foreign exchange movements as external risks associated with its overseas operations. - FY2024RaisedAnnual report
「The company operates in overseas markets, including North America, Europe, Asia and Oceania. Although it will continue to focus on sales in overseas markets, sales in these markets involve inherent risks, including unexpected changes in laws or tax systems, adverse political or economic factors, terrorism, war and other social disruptions.」
The regions identified for overseas operations have expanded from North and Central America and Greater China to North America, Europe, Asia and Oceania, broadening the scope of risks associated with overseas sales. - FY2022First statedAnnual report
「The company operates in overseas markets, including North and Central America and Greater China. Although it will continue to focus on sales in overseas markets, sales in these markets involve inherent risks, including unexpected changes in laws or tax systems, adverse political or economic factors, terrorism, war and other social disruptions.」
The company has newly identified changes in laws and tax systems, political and economic factors, and social disruptions such as terrorism and war as risks associated with expanding overseas sales.