Foreign-Exchange, Economic and Political Risks in Overseas Operations
First written in FY2016. 9 of 24 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
Rengo moved to the "Worse" side of this theme in 2016, 3 years before the typical company in this theme (2019).
The whole theme swung hardest in 2025: 72 of 117 companies on the "Worse" side.
47 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In the overseas-related business, profitability in heavy-duty corrugated packaging deteriorated due to the downturn in the European automobile industry, resulting in lower revenue and profit. As a result, revenue in this segment was ¥209,092 million, or 98.1% of the previous year's level, and the segment recorded an operating loss of ¥1,628 million, compared with operating profit of ¥4,931 million in the previous fiscal year.」
The downturn in the European automobile industry was reflected in deteriorating profitability in heavy-duty corrugated packaging and an operating loss of ¥1,628 million, and the impact of overseas economic and operational risks became more severe. - FY2026-H1MaterialisedAnnual report
「In the overseas-related business, profitability in heavy-duty corrugated packaging deteriorated due to the downturn in the European automobile industry, resulting in lower revenue and profit. As a result, revenue in this segment was ¥98,305 million, or 90.1% of the previous year's level, and operating profit was ¥147 million, or 3.6%.」
The risk posed by the downturn in the European automobile industry, part of the overseas economic environment, was reflected in deteriorating profitability in heavy-duty corrugated packaging, operating profit of ¥147 million and a result equivalent to 3.6% of the previous year's level. - FY2025WorsenedAnnual report
「The overseas sales ratio for the Group in the current fiscal year was 21.7%.」
The overseas sales ratio rose from 21.3% in the previous fiscal year to 21.7%, increasing sales exposure to overseas operations, foreign exchange, the economies of each country and political factors. - FY2025-H1WorsenedAnnual report
「In the overseas-related business, revenue increased due to an increase in consolidated subsidiaries, but profit declined because profitability in the heavy-duty packaging business deteriorated in Europe and for other reasons. As a result, revenue in this segment was ¥109,072 million, or 111.6% of the previous year's level, and operating profit was ¥4,056 million, or 96.5%.」
While the increase in overseas subsidiaries led to higher revenue, deteriorating profitability in the European heavy-duty packaging business led to lower profit, reflecting the economic and operational risks associated with the overseas business in actual results. - FY2024WorsenedAnnual report
「The overseas sales ratio for the Group in the current fiscal year was 21.3%.」
The overseas sales ratio rose from 20.1% in the previous fiscal year to 21.3%, increasing sales exposure to overseas operations, foreign exchange and the economies of each country. - FY2023WorsenedAnnual report
「The overseas sales ratio for the Group in the current fiscal year was 20.1%.」
The overseas sales ratio rose to 20.1%, increasing the Group's sales dependence on overseas operations and its exposure to foreign exchange and other factors from the previous 11.8%. - FY2022-Q3MitigatedAnnual report
「The overseas-related business reported higher revenue and operating profit as demand, which had declined due to the spread of COVID-19, began to recover. As a result, segment revenue was ¥90,564 million, or 143.5% year on year, and operating profit was ¥3,606 million, or 180.4%.」
The impact of weak overseas demand resulting from the spread of the infectious disease eased, and the overseas-related business recorded higher revenue and profit. - FY2022-Q2MitigatedAnnual report
「In the overseas-related business, revenue and profit increased as demand that had declined due to the spread of COVID-19 recovered. As a result, revenue in this segment was ¥58,833 million, or 143.8% of the previous year's level, and operating profit was ¥2,374 million, or 234.6%.」
Overseas demand, which had declined amid the spread of the infectious disease, recovered, and both revenue and operating profit in the overseas-related business exceeded the levels in the same period of the previous year, easing the impact of overseas demand risks. - FY2022-Q1MitigatedAnnual report
「In the overseas-related business, revenue and profit increased as demand that had declined due to the spread of COVID-19 began to recover. As a result, revenue in this segment was ¥28,609 million, or 132.4% of the previous year's level, and operating profit was ¥1,126 million, or 194.5%.」
Overseas demand, which had declined amid the spread of the infectious disease, began to recover, and the overseas-related business recorded higher revenue and profit, easing the impact of overseas demand risks that had emerged in the immediately preceding fiscal year. - FY2021-Q3WorsenedAnnual report
「In the overseas-related business, revenue increased due to an increase in consolidated subsidiaries, but profit declined because demand remained sluggish amid the global spread of COVID-19. As a result, revenue in this segment was ¥63,104 million, up 14.3% year on year, and operating profit was ¥1,999 million, down 22.5%.」
While the expansion of the overseas business increased revenue, sluggish demand resulting from the global spread of the infectious disease was reflected in a 22.5% decline in operating profit, and the impact of overseas business risks continues. - FY2021-Q2WorsenedAnnual report
「In the overseas-related business, revenue increased due to an increase in consolidated subsidiaries, but profit declined because demand remained sluggish amid the global spread of COVID-19. As a result, revenue in this segment was ¥40,906 million, up 14.2% year on year, and operating profit was ¥1,012 million, down 34.1%.」
While the expansion of the overseas business increased revenue, sluggish demand resulting from the global spread of the infectious disease was reflected in a 34.1% decline in operating profit, and the impact of overseas business risks increased. - FY2021-Q1MaterialisedAnnual report
「In the overseas-related business, revenue increased due to an increase in consolidated subsidiaries, but profit declined because demand for corrugated products in China remained sluggish amid the spread of COVID-19. As a result, revenue in this segment was ¥21,605 million, up 14.9% year on year, and operating profit was ¥579 million, down 29.2%.」
Economic and infectious-disease risks in China were reflected in sluggish demand for corrugated products and a 29.2% decline in operating profit in the overseas business. - FY2020WorsenedAnnual report
「The Group regards China, Southeast Asia and Europe as growth markets and operates businesses related to paperboard and paper processing, flexible packaging and heavy-duty packaging. Although the Group makes investment decisions after thoroughly considering the risks of overseas expansion, its overseas business activities are exposed to foreign exchange fluctuation risk, risks such as natural disasters and epidemics, and various economic and political risks in each country. If these risks materialize, they may affect the Group's operating results and financial condition. The overseas sales ratio for the Group in the current fiscal year was 11.8%.」
The Group's overseas operations expanded to include Europe, and risks from natural disasters and epidemics were identified in addition to foreign exchange, economic and political risks. Overseas sales accounted for 11.8%. - FY2020-Q3MaterialisedAnnual report
「In the overseas-related business, revenue and profit declined due to sluggish demand in China and other factors. As a result, revenue in this segment was ¥55,222 million, down 0.9% year on year, and operating profit was ¥2,580 million, down 1.0%.」
Sluggish demand in China was reflected in a 0.9% decline in revenue and a 1.0% decline in operating profit in the overseas-related business. - FY2020-Q2WorsenedAnnual report
「In the overseas-related business, revenue and profit declined due to sluggish demand in China and other factors. As a result, revenue in this segment was ¥35,826 million, down 2.5% year on year, and operating profit was ¥1,536 million, down 9.1%.」
Sluggish demand in China was reflected in a 2.5% decline in revenue and a 9.1% decline in operating profit in the overseas-related business, with the impact spreading from the previous quarter's revenue growth. - FY2020-Q1MaterialisedAnnual report
「In the overseas-related business, revenue increased due to an increase in consolidated subsidiaries, but profit declined because of sluggish demand in China and other factors. As a result, revenue in this segment was ¥18,809 million, up 5.8% year on year, and operating profit was ¥818 million, down 12.1%.」
Sluggish demand in China was reflected in a 12.1% decline in operating profit in the overseas-related business. - FY2018RestatedAnnual report
「The Group regards China and Southeast Asia as growth markets and operates businesses related to paperboard and paper processing, flexible packaging and heavy-duty packaging. Although the Group makes investment decisions after thoroughly considering the risks of overseas expansion, its overseas business activities are exposed to foreign exchange fluctuation risk and various economic and political risks in each country. If these risks materialize, they may affect the Group's operating results and financial condition.」
Alongside its policy of expanding overseas operations, the Group continues to disclose foreign exchange and the economic and political risks of each country. - FY2017RestatedAnnual report
「The Group regards China and Southeast Asia as growth markets and operates businesses related to paperboard and paper processing, flexible packaging and heavy-duty packaging. Although the Group makes investment decisions after thoroughly considering the risks of overseas expansion, its overseas business activities are exposed to foreign exchange fluctuation risk and various economic and political risks in each country. If these risks materialize, they may affect the Group's operating results and financial condition.」
While expanding overseas operations, the Group continues to disclose foreign exchange and the economic and political risks of each country. - FY2017-Q3MaterialisedAnnual report
「In the overseas-related business, revenue declined partly due to the impact of exchange rates as the yen strengthened, but the business recorded lower revenue and higher profit because the flexible packaging business performed steadily and for other reasons.」
The impact of exchange rates resulting from the yen's appreciation continued to be reflected in a 12.9% decline in revenue in the overseas-related business. - FY2017-Q2MaterialisedAnnual report
「In the overseas-related business, revenue declined partly due to the impact of exchange rates as the yen strengthened, but the business became profitable at the operating level because the flexible packaging business performed steadily and for other reasons. As a result, revenue in this segment was ¥11,680 million, down 17.0% year on year, and operating profit was ¥227 million, compared with an operating loss of ¥135 million in the same period of the previous year.」
The impact of exchange rates resulting from the yen's appreciation continued to be reflected in a 17.0% decline in revenue in the overseas-related business. - FY2017-Q1MaterialisedAnnual report
「In the overseas-related business, revenue declined partly due to the impact of exchange rates as the yen strengthened, but the business remained profitable at the operating level because the flexible packaging business performed steadily and for other reasons.」
The impact of exchange rates resulting from the yen's appreciation was reflected in lower revenue in the overseas-related business. - FY2016First statedAnnual report
「The Group regards China and Southeast Asia as growth markets and conducts operations centered on the paperboard and paper-processing businesses. Although the Group makes investment decisions after thoroughly considering the risks of overseas expansion, its overseas business activities are exposed to foreign exchange fluctuation risk and various economic and political risks in each country. If these risks materialize, they may affect the Group's operating results and financial condition.」
While expanding overseas with a focus on growth markets, the Group identifies foreign exchange, economic and political risks.