Risk of geographic concentration of overseas production, particularly in China
First written in FY2016. 10 of 17 entries say "Materialised", first in FY2018-Q2. Latest entry: FY2025.
Jichodo moved to the "Worse" side of this theme in 2018, 3 years before the typical company in this theme (2021).
The whole theme swung hardest in 2022: 27 of 57 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Although we are currently promoting the diversification of our overseas production bases, production remains concentrated in the People's Republic of China and Myanmar.」
While we are diversifying our overseas production bases, we continue to disclose the concentration in China and Myanmar and the risk that production cannot readily be transferred in the event of production disruptions. - FY2024RestatedAnnual report
「Although we are currently promoting the diversification of our overseas production bases, production remains concentrated in the People's Republic of China and Myanmar.」
While we are diversifying our overseas production bases, we continue to disclose the concentration in China and Myanmar and the risk that production cannot readily be transferred in the event of production disruptions. - FY2023-Q2MaterialisedAnnual report
「Supply conditions remain unstable due to production and logistics disruptions resulting from responses to China's zero-COVID policy」
Production and logistics disruptions resulting from responses to China's zero-COVID policy, together with unstable supply, continue to occur in the actual business environment. - FY2023-Q1MaterialisedAnnual report
「As products were not available due to delivery delays caused by China's zero-COVID policy, we struggled to deliver products to distributors and users」
Delivery delays and products failing to arrive actually occurred due to the impact of China's zero-COVID policy on production bases in China. - FY2022-Q3MaterialisedAnnual report
「Logistics networks were disrupted by lockdowns in China, our production country, resulting in delays in product arrivals」
In connection with the concentration of production in China, logistics network disruptions caused by lockdowns and delays in product arrivals actually occurred. - FY2022-Q1MaterialisedAnnual report
「The operating rates of partner factories declined due to the impact of restrictions on electricity supplies imposed by the Chinese government from late September, among other factors, resulting in delays in product arrivals」
Restrictions on electricity supplies related to production bases in China reduced the operating rates of partner factories, and delays in product arrivals actually occurred. - FY2021RestatedAnnual report
「Although we are currently promoting the diversification of our overseas production bases, production remains concentrated in the People's Republic of China and Myanmar.」
While we are diversifying our overseas production bases, we disclose the continued concentration in China and Myanmar as a risk that production cannot readily be transferred. - FY2021-Q3MitigatedAnnual report
「Although a coup occurred in Myanmar, a production base, in February 2021, there were no problems with operations at partner factories, and imports and exports of materials and products were not significantly affected.」
The company explained that although a coup occurred in Myanmar, operations at partner factories and imports and exports of materials and products were not significantly affected. - FY2020MaterialisedAnnual report
「Due to the spread of COVID-19, contract manufacturing factories in China and Southeast Asia temporarily suspended operations, resulting in delivery delays for some products.」
In connection with the concentration of overseas production in China and Southeast Asia, temporary suspensions of operations at partner factories and delivery delays actually occurred. - FY2020-Q3MaterialisedAnnual report
「In the uniform industry as well, contract manufacturing factories in China and Southeast Asia temporarily suspended operations due to the global spread of COVID-19, resulting in delivery delays for some products.」
Temporary suspensions of operations at contract manufacturing factories in China and Southeast Asia and delivery delays for some products actually occurred. - FY2019RestatedAnnual report
「Although we are currently promoting the diversification of our overseas production bases, production remains concentrated particularly in the People's Republic of China.」
While we are diversifying our overseas production bases, we continue to disclose the risk of ongoing concentration of production in China for the full year. - FY2019-Q2MaterialisedAnnual report
「Product delivery delays occurred due to delays in the delivery of fabrics, zippers and other materials, as well as the impact of tighter environmental regulations in China, among other factors」
Product delivery delays related to tighter environmental regulations in China and delays in material deliveries actually occurred during the quarter. - FY2019-Q1MaterialisedAnnual report
「Product delivery delays occurred due to delays in the delivery of raw materials and the impact of tighter environmental regulations in China, among other factors.」
Product delivery delays related to tighter environmental regulations in China and delays in raw material deliveries actually occurred during the quarter. - FY2018MaterialisedAnnual report
「Operating income was ¥2,904 million, down 4.0% from the previous consolidated fiscal year, mainly because procurement costs increased due to the impact of environmental regulations in China and the gross margin declined slightly.」
In connection with the concentration of production and procurement in China, increased procurement costs resulting from the impact of environmental regulations actually affected business performance. - FY2018-Q2MaterialisedAnnual report
「In production, delivery delays occurred due to the impact of tighter environmental regulations in China, our major production country, among other factors」
In connection with the concentration of production in China, delivery delays actually occurred due to the impact of tighter environmental regulations. - FY2017RestatedAnnual report
「Although we are currently promoting the diversification of our overseas production bases, production remains concentrated particularly in the People's Republic of China.」
While we are diversifying our production bases, we continue to disclose the risk posed by the ongoing concentration in China, under the same framework. - FY2016First statedAnnual report
「Although we are currently promoting the diversification of our overseas production bases, production remains concentrated particularly in the People's Republic of China.」
While we are diversifying our overseas production bases, the current concentration in China is identified as a risk that production cannot readily be transferred if operations are suspended.