Political, Economic, Social and Intellectual Property Risks from Overseas Expansion
First written in FY2017. 8 of 23 entries say "Worsened", first in FY2020-Q3. Latest entry: FY2026.
Cross Marketing Group moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2024: 5 of 8 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Particularly important uncertain factors to monitor as risks that may affect our consolidated performance going forward include the protracted turmoil surrounding Ukraine and the Middle East, soaring raw-material prices and sharp foreign exchange-rate movements.」
Factors contributing to uncertainty related to overseas operations and the global economy have been organized as the situation in the Middle East, in addition to Ukraine, surging resource prices and sharp foreign exchange movements. - FY2026-H1ReframedAnnual report
「Uncertainty continued, as US trade policy and its impact on the global economy, slower growth in China and concerns over an expansion in personal consumption due to high prices cast a shadow over the earnings environment of our clients, which span a wide range of industries in Japan and overseas.」
Factors contributing to uncertainty in the overseas and domestic business environments have shifted from the existing geopolitical and financial-market factors to US trade policy, slower growth in China and concerns over an expansion in personal consumption due to high prices. - FY2025-H1ReframedAnnual report
「Uncertainty continued, as slower growth in China, concerns over the impact of a change in the next US administration on trade policy and sluggish personal consumption due to high prices cast a shadow over the earnings environment of our clients, which span a wide range of industries in Japan and overseas.」
Factors contributing to uncertainty in the overseas and domestic business environments have been organized as slower growth in China, trade policy associated with a change in the US administration and sluggish personal consumption due to high prices, in addition to the existing geopolitical and financial-market factors. - FY2024-Q2WorsenedAnnual report
「Uncertainty continued due to factors including heightened geopolitical risks arising from an unstable international situation, concerns over economic downturns in advanced economies and elsewhere, sharp foreign exchange-rate movements and surging resource prices.」
For the business environment, including overseas operations, heightened geopolitical risks, concerns over economic downturns, sharp foreign exchange movements and surging resource prices are listed as factors contributing to uncertainty. - FY2024-Q1RestatedAnnual report
「Uncertainty continued, as the protracted turmoil surrounding Ukraine, financial-market disruption and weaker overseas economies caused by global monetary tightening, and concerns over inflation and supply-chain constraints cast a shadow over the earnings environment of our clients, which span a wide range of industries.」
Uncertainty in the external environment due to the situation in Ukraine, financial-market disruption, weaker overseas economies, inflation and supply-chain constraints continues to be identified. - FY2023-Q3WorsenedAnnual report
「Uncertainty continued, as the protracted turmoil surrounding Ukraine, financial-market disruption and weaker overseas economies caused by global monetary tightening, and concerns over inflation and supply-chain constraints cast a shadow over the business environment of our clients, which span a wide range of industries.」
In addition to the situation in Ukraine, financial-market disruption caused by global monetary tightening, weaker overseas economies, inflation and supply-chain constraints have been specifically identified as sources of uncertainty, broadening the description of external-environment risks. - FY2023-Q2RestatedAnnual report
「Uncertainty continued, including the protracted turmoil surrounding Ukraine, sharp foreign exchange-rate movements caused by monetary policies in advanced economies and pronounced increases in raw-material and consumer prices resulting from multiple factors.」
External-environment factors contributing to uncertainty continue to include the situation in Ukraine, foreign exchange movements caused by monetary policies in advanced economies, and rising raw-material and consumer prices. - FY2023-Q1WorsenedAnnual report
「The digital marketing and marketing research markets, in which our group operates, have remained firm against a backdrop of strong investment by client companies in digital transformation (DX), and are expected to continue growing over the medium term. Meanwhile, consumer purchasing behavior is becoming increasingly diverse, requiring innovation in consumer-needs research methods and the evolution of promotional tools, and an increasingly competitive environment is anticipated.」
External-environment risks related to overseas operations continue to include the situation in Ukraine, sharp foreign exchange-rate movements caused by monetary policies in advanced economies, and pronounced increases in raw-material prices and consumer prices, making the factors contributing to business-environment uncertainty more concrete. - FY2022WorsenedAnnual report
「Although Japan’s economy during the consolidated fiscal year showed signs of recovery in some areas as the impact of COVID-19 eased, uncertainty persisted through the second half of the fiscal year due to the renewed spread of infections from new variants, the continuing tensions surrounding Russia and Ukraine, soaring raw-material prices and sharp foreign exchange-rate movements.」
Specific factors identified as sources of uncertainty for overseas operations and the global economy include new infection variants, the situation surrounding Russia and Ukraine, soaring raw-material prices and sharp foreign exchange-rate movements. - FY2022-Q3WorsenedAnnual report
「Meanwhile, we recognize that the business environment surrounding our group and client companies still contains elements of uncertainty, including heightened international tensions over Ukraine, surging resource prices and the impact of US monetary policy on the global economy.」
In addition to the existing political and economic risks related to overseas operations, new elements of uncertainty have been specifically identified, including the situation in Ukraine, surging resource prices and the impact of US monetary policy. - FY2022-Q1RestatedAnnual report
「In the global economy, conditions remain unstable, as the progress of vaccinations and the spread and containment of COVID-19 have developed differently from country to country.」
The economic and social environments of the countries related to the overseas operations remain unstable, as vaccination progress and the spread and containment of the infection differ by country. - FY2020WorsenedAnnual report
「The impact of COVID-19 on the overseas research business was greater in each country and location than in Japan, and its economic impact was significant, with measures involving lockdowns implemented multiple times.」
Regarding political, economic and social-environment risks associated with overseas operations, COVID-19 and multiple lockdowns actually occurred, and full-year revenue from the overseas research business fell 42.1% year on year. - FY2020-Q3WorsenedAnnual report
「Economic activity has contracted significantly in the global economy as well, with lockdowns imposed in many major overseas cities due to the effects of the infection, and the outlook remains uncertain both in Japan and overseas.」
The company explains that lockdowns and a contraction in economic activity caused by COVID-19 actually occurred in the economic environments related to its overseas operations, increasing uncertainty. - FY2020-Q1RestatedAnnual report
「In the global economy, the outlook remains uncertain due to factors including US-China trade friction and concerns over the European economy.」
The company continues to identify US-China trade friction and concerns over the European economy as factors behind uncertainty in the political and economic environment related to overseas operations. - FY2019-Q4RestatedAnnual report
「Meanwhile, the outlook for the global economy remains uncertain due to factors including US-China trade friction and concerns over the European economy.」
The company continues to identify US-China trade friction and concerns over the European economy as factors behind uncertainty in the political and economic environment related to overseas operations. - FY2019-Q3RestatedAnnual report
「Meanwhile, the outlook for the global economy remains uncertain due to factors including US-China trade friction and concerns over the European economy.」
The company explains that uncertainty related to US-China trade friction and concerns over the European economy continues in connection with political and economic risks associated with overseas operations. - FY2017First statedAnnual report
「Our overseas operations face a wide range of risks, including business risks arising from the characteristics of each region, intellectual property risks and foreign exchange risks.」
The risks identified include regional characteristics associated with overseas market expansion, intellectual property, foreign exchange, and unpredictable political, economic and social developments.