Overseas Legal and Regulatory, Political and Social, and Geopolitical Risks

「Meanwhile, Japan is highly dependent on imports from China for the supply of anhydrous hydrofluoric acid and its raw material, fluorspar (CaF2), and the risk of supply disruptions caused by geopolitical risks and export restrictions has become a serious economic security issue.」

「Changes in laws and regulations, tariffs, preferential treatment for local companies and other systems, political and social conditions, terrorism, war, or outbreaks of infectious diseases overseas may disrupt procurement, logistics, sales, and other business activities in the relevant region, and may affect the Group's operating results and financial position.」

「Higher prices for raw materials and fuel arising from the situation in the Middle East and increasing uncertainty over the ability to maintain ongoing procurement」

「In addition to the continuing conflicts in Ukraine and the Middle East, the outlook remains extremely uncertain due to progressing decoupling centered on the United States and China.」

「In addition to the continuing conflicts in Ukraine and the Middle East, the outlook remains extremely uncertain due to progressing decoupling centered on the United States and China.」

「Meanwhile, the outlook for the global economy remains extremely uncertain due to the impact of monetary tightening in Europe and the United States, a slowdown in the Chinese economy caused by the property downturn, the prolonged Russian invasion of Ukraine, and armed conflict in the Middle East.」

「Meanwhile, the outlook for the global economy remains extremely uncertain as European and other Western countries continue monetary tightening, China's property market remains a focus, Russia's invasion of Ukraine continues, and conflict between Israel and Palestine has broken out.」

「If an unforeseen situation arises overseas due to unexpected changes in laws or regulations, changes in political and social conditions, terrorism, war, infectious diseases, or social disruption caused by other factors, this may affect not only business activities in the relevant region but also the Group's operating results and financial position as a whole.」

「The outlook for the global economy remains extremely uncertain due to soaring raw material and fuel prices resulting from the prolonged invasion of Ukraine by Russia and the impact of economic sanctions imposed on Russia by governments around the world, downside risks to the economy from monetary tightening in Europe and the United States in response to inflationary pressures, and concerns over slower economic growth resulting from China's continued zero-COVID policy.」

「The outlook remains extremely uncertain due to soaring raw material and fuel prices resulting from Russia's invasion of Ukraine and the impact of economic sanctions imposed on Russia by governments around the world, downside risks to the economy from rapidly rising inflation and monetary tightening in the United States, and concerns over slower economic growth resulting from China's continued zero-COVID policy.」

「Regarding the future outlook, concerns remain over the impact of COVID-19 on the economy, fluctuations in foreign exchange rates and heavy fuel oil prices, political and economic trends in the United States and China, and the impact of global geopolitical risks, including the situation in Ukraine, on the global economy.」

「The global economy has fallen into a synchronized global recession due to the impact of COVID-19, and negative growth is forecast worldwide. Meanwhile, U.S.-China tensions originating in trade friction have broadened and become more prolonged, while restrictions on movement have begun to be imposed in Europe as infections of COVID-19 spread again. The outlook remains extremely uncertain.」

「The Group operates overseas, primarily in North America, Europe, and Asia, but if an unforeseen situation arises due to unexpected changes in laws or regulations, changes in political and social conditions, terrorism, war, infectious diseases, or social disruption caused by other factors」

「The outlook remains uncertain due to rising global geopolitical risks, including heightened tensions in the Middle East.」

「The Group operates overseas, primarily in North America, Europe, and Asia, but unexpected changes in laws or regulations, changes in political and social conditions, terrorism, war, infectious diseases, and social disruption caused by other factors may affect the Group's operating results and financial position.」

「Meanwhile, the global economy continues to recover in the United States, supported by improved corporate earnings and favourable employment conditions. However, the outlook remains uncertain due to US policy developments, concerns over an economic slowdown resulting from tighter fiscal and monetary policy and stronger environmental regulations in China, increasing geopolitical risks worldwide and other factors.」

「The Group operates overseas, primarily in North America, Europe, and Asia, but unexpected changes in laws or regulations, changes in political and social conditions, terrorism, war, infectious diseases, and social disruption caused by other factors may affect the Group's operating results and financial position.」

「Unexpected changes in laws or regulations, changes in political and social conditions, terrorism, war, infectious diseases, and social disruption caused by other factors may affect the Group's operating results and financial position.」