Risks of Political and Economic Conditions and Changes in Laws and Regulations Associated with Overseas Business Activities
First written in FY2016. 13 of 15 entries say "Worsened", first in FY2020-Q1. Latest entry: 2026-10-09.
Osaka Organic Chemical Industry moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2025: 47 of 94 companies on the "Worse" side.
39 other companies' latest entry also says "Worsened".
- 2026-10-09WorsenedEarnings presentation materials
「Continuing and intensifying economic tensions between the United States and China」
Continuing and intensifying economic tensions between the United States and China were identified as a market risk for the Electronic Materials Business. - FY2026-H1WorsenedAnnual report
「During the interim consolidated accounting period under review, Japan's economy proceeded on a gradual recovery, although conditions remained such that the impact of the situation in the Middle East required close monitoring.」
The company stated that the impact of the situation in the Middle East continues to require close monitoring as an external factor affecting overseas business activities. - 2026-04-10WorsenedEarnings presentation materials
「・External environment ・Continuing and increasing geopolitical tensions in the Middle East.」
Continuing and increasing geopolitical tensions in the Middle East were identified as an external factor affecting overseas business activities. - FY2025-H1WorsenedAnnual report
「In addition, the outlook remains uncertain, including due to the impact of US trade policy and the situation in the Middle East.」
The impact of US trade policy was newly specified as an external factor affecting overseas business activities and, together with the situation in the Middle East, was cited as a source of uncertainty about the outlook. - FY2024-Q2WorsenedAnnual report
「The outlook remains uncertain, and it is necessary to monitor downside risks from overseas economic conditions, including global monetary tightening and concerns about China's economic outlook, the impact of yen depreciation and rising prices, the situation in the Middle East, and fluctuations in financial and capital markets.」
Concerns about the outlook for the Chinese economy, the situation in the Middle East and fluctuations in financial and capital markets continue to be cited as downside risks in the external environment surrounding overseas business. - FY2023WorsenedAnnual report
「Overseas business activities entail potential risks, including deterioration in political and economic conditions, deterioration in public security, unexpected changes in laws and regulations, war, terrorism and infectious diseases. If these events materialize and disrupt business activities, they may affect the performance of the company and its subsidiaries.」
Infectious diseases were explicitly added to the risks associated with overseas business activities, while securing and developing local personnel, gathering information and establishing internal controls at overseas locations were described as countermeasures. - FY2023-Q3WorsenedAnnual report
「However, the outlook remains uncertain due to the possibility of economic downturns overseas, including in Europe, the United States and China, and persistently high raw material and energy prices.」
The possibility of an economic slowdown in overseas markets, including Europe, the United States and China, and persistently high raw material and energy prices continue to pose external-environment risks to overseas business activities. - FY2023-Q2WorsenedAnnual report
「The outlook remains uncertain due to soaring resource and energy prices associated with the prolonged situation in Russia and Ukraine, global inflation and sharp foreign exchange fluctuations caused by monetary tightening in various countries.」
The prolonged Russia-Ukraine situation, elevated resource and energy prices, global monetary tightening and exchange-rate fluctuations continue to affect the external environment surrounding overseas business. - FY2023-Q1WorsenedAnnual report
「However, the prolonged invasion of Ukraine has kept energy and grain prices elevated, while the risk of an economic downturn associated with global monetary tightening has increased, leaving the outlook uncertain.」
The prolonged invasion of Ukraine, high energy and grain prices, global monetary tightening and downside economic risks were specified as external factors affecting overseas business. - FY2022-Q3WorsenedAnnual report
「Uncertainty about the outlook has continued, partly due to the prolonged situation in Ukraine and the impact of lockdowns in China.」
The prolonged situation in Ukraine and the impact of lockdowns in China were specified as external factors affecting overseas business activities, with continued uncertainty in overseas economies and geopolitics. - FY2022-Q2WorsenedAnnual report
「During the first six months of the fiscal year, Japan's economy remained uncertain due to rising prices caused by soaring raw material prices and the depreciation of the yen, disruptions in global maritime transport and rising transportation costs, as well as heightened geopolitical risks related to the situation in Ukraine and other factors.」
As external factors affecting overseas business activities, heightened geopolitical risks, including the situation in Ukraine, and disruptions to maritime transport were newly specified, and uncertainty about the outlook continues. - FY2020-Q2WorsenedAnnual report
「During the six-month period under review, Japan's economy was in an extremely difficult situation, with a rapid deterioration in economic conditions continuing as COVID-19 spread globally in the latter half of the period.」
The company stated that the rapid economic deterioration caused by the global spread of COVID-19, in addition to the economic environment including overseas economies, increased the uncertainty and severity of the business environment. - FY2020-Q1WorsenedAnnual report
「Meanwhile, overseas, uncertainty has continued due to the impact of the COVID-19 pandemic, which expanded globally, in addition to the US-China trade friction and signs of an economic slowdown in emerging Asian economies, including China.」
In addition to the slowdown in overseas economies and US-China trade friction, the impact of COVID-19 was identified as a source of uncertainty in the overseas business environment. - FY2018RestatedAnnual report
「However, overseas business activities entail potential risks, including deterioration in political and economic conditions, deterioration in public security, unexpected changes in laws and regulations, and war and terrorism.」
The political and economic, public security, legal and regulatory, war and terrorism risks associated with overseas business are reiterated. - FY2016First statedAnnual report
「However, overseas business activities entail potential risks, including deterioration in political and economic conditions, deterioration in public security, unexpected changes in laws and regulations, and war and terrorism.」
While establishing sales operations in Asia, including through Chinese subsidiaries, the company separately describes the political and economic, public security, legal and regulatory, war and terrorism risks associated with overseas business.