Risk of Changes in China’s Regulatory and Institutional Framework and Market Deterioration
First written in FY2016. 2 of 5 entries say "Restated". Latest entry: FY2024.
Ibiden moved to the "Worse" side of this theme in 2024.
The whole theme swung hardest in 2022: 3 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Materialised".
- FY2024MaterialisedAnnual report
「Although catalyst carrier retention and sealing materials (AFP) were partly affected by the slowdown in the Chinese economy, net sales and operating income both increased from the previous consolidated fiscal year as the global automotive market recovered, following the resolution of the impact of the semiconductor shortage and other factors.」
The slowdown in the Chinese economy was specifically identified as affecting the AFP business. Meanwhile, net sales and operating income increased as the impact of the semiconductor shortage eased and the automotive market recovered. - FY2023RestatedAnnual report
「However, if an unforeseen event occurs in China as a result of political factors such as sudden changes in systems, laws or regulations, or economic factors such as a rapid and substantial change or deterioration in market conditions, it could affect the Group’s operating results and financial position.」
The company continues to describe the risk that changes in China’s systems, laws and regulations, and a sharp deterioration in market conditions could affect its business. - FY2017RestatedAnnual report
「However, if an unforeseen event occurs in China as a result of political factors such as sudden changes in systems, laws or regulations, or economic factors such as a rapid and substantial change or deterioration in market conditions, it could affect the Group’s operating results and financial position.」
The company continues to disclose risks arising from changes in China’s systems and deterioration in market conditions. - FY2017-Q1WorsenedAnnual report
「Supported by the strong U.S. economy and solid European economy, the global economy continued to grow moderately overall, but uncertainty about the outlook increased due to the slowdown in China and emerging-market economies, as well as issues such as the United Kingdom’s withdrawal from the EU.」
The slowdown in the Chinese economy was explicitly identified as part of the economic environment for the quarter, while the basis for the risk of market deterioration weakened. - FY2016First statedAnnual report
「Among the major products manufactured and sold by the Group, printed wiring boards, the principal products of the Electronics segment, are supported by an established supply system for certain customers that have expanded into China, where the Group has important production bases.」
The company separately describes the possibility that political factors in China and sudden changes in market conditions could affect its operating results and financial position.