Political, Regulatory and Disaster Risks in Overseas Operations
First written in FY2016. 11 of 25 entries say "Restated". Latest entry: FY2026.
Intage Holdings 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.
5 other companies' latest entry also says "Other".
- FY2026Expected economic slowdown in China alongside recovery in other countriesAnnual report
「China's economy in the Asian region where our group operates is expected to continue slowing gradually, while other countries showed signs of improvement and recovery.」
The view on China has shifted from the previous description of a 'stalled' economy to expectations of continued gradual deceleration, while recovery in other Asian countries continues. - FY2026-H1China's economic stagnation alongside recovery in other countriesAnnual report
「China's economy in the Asian region where our group operates is expected to remain stalled, while other countries are showing signs of recovery and improvement.」
The disclosure indicates a country-specific divergence, with China's economic stagnation expected to continue while other countries are showing signs of improvement and recovery. - FY2024MitigatedAnnual report
「The economies of the Asian countries where our group operates are showing signs of recovery.」
Asia is showing signs of recovery from the uncertainty and difficult conditions seen through the previous fiscal year, although differences by country remain. - FY2024-Q3China's stalled recovery coexists with recovery in other Asian countriesAnnual report
「The economies of the Asian countries where our group operates are showing signs of a pause in China's economic recovery, while other countries are showing signs of recovery.」
The disclosure indicates that China's economic recovery has paused, while other countries are showing signs of recovery. - FY2024-Q2RestatedAnnual report
「The economies of the Asian countries where our group operates are showing signs of recovery, although conditions vary by country.」
The view that Asia is showing signs of economic recovery while differences by country remain continues. - FY2024-Q1MitigatedAnnual report
「The economies of the Asian countries where our group operates are showing signs of recovery, although conditions vary by country.」
The disclosure states that Asia is showing signs of economic recovery while differences by country remain, indicating some improvement from the uncertainty and difficult conditions described in the previous fiscal year. - FY2023-Q2MaterialisedAnnual report
「Rapid changes in the market environment in recent years, resulting from political conditions and the impact of COVID-19, have significantly changed the business environment in the Hong Kong market and its role as an Asian hub.」
Political conditions and infectious disease risks related to the overseas business have had specific impacts, including changes in the Hong Kong market's business environment and its role as an Asian hub, leading to the transfer of CSG Hong Kong and the resolution to liquidate IAH. - FY2023-Q1MitigatedAnnual report
「The economies of the Asian countries where our group operates are showing signs of recovery, although conditions vary by country.」
The disclosure states that Asia is showing signs of economic recovery while differences by country remain, indicating some improvement from the uncertainty and difficult conditions described in the previous fiscal year. - FY2022WorsenedAnnual report
「In Asia as well, the impact of restrictions on economic activity associated with COVID-19 varies by country and region. In addition to soaring raw material prices and supply chain disruptions, the shift toward tighter US monetary policy and other factors have made the outlook for the Asian economy increasingly uncertain.」
In addition to the previously identified risks related to infectious diseases, political conditions, laws and regulations, and disasters, the disclosure explicitly identifies the uncertainty surrounding the Asian economy arising from higher raw material prices, supply chain disruptions and tighter US monetary policy. - FY2022-Q2Asian economic recovery trend coexists with country-specific differencesAnnual report
「The economies of the Asian countries where our group operates continue to show signs of recovery, although conditions vary by country.」
Compared with the previous filing's description of country-specific differences, namely China's recovery and difficult conditions in Thailand and elsewhere, this filing states that the recovery trend is continuing across Asia as a whole while differences by country remain. - FY2022-Q1Differences in recovery by country continueAnnual report
「The economies of the Asian countries where our group operates remain difficult in some countries, including Thailand, due to the spread of COVID-19, while economic conditions are gradually recovering in China.」
In Asia, China's gradual recovery coexists with difficult conditions in Thailand and elsewhere, and country-specific differences in the external environment continue. - FY2021RestatedAnnual report
「If laws and regulations relating to our group's overseas business are enacted or amended, if political conditions disrupt business operations, or if an unexpected natural disaster, infectious disease or other event occurs, our group's operating results may be affected.」
External risks associated with laws and regulations, political conditions, natural disasters, infectious diseases and other factors related to the overseas business continue. - FY2021-Q2MaterialisedAnnual report
「The economies of the Asian countries where our group operates remain uneven by country, with economic conditions recovering in China while Thailand, India and other countries continue to face difficult conditions.」
Country-specific economic impacts continue to emerge as external environmental risks associated with the overseas business, with recovery in China contrasted with difficult conditions in Thailand and India. - FY2021-Q1MaterialisedAnnual report
「The economies of the Asian countries where our group operates also remain generally difficult, although conditions vary by country.」
The impact of generally difficult economic conditions in Asia continues to emerge as an external environmental risk associated with the overseas business. - FY2020-Q3MaterialisedAnnual report
「Economic activity in overseas markets has also been constrained by the impact of the global pandemic. In Asia, where the Group operates, economic activity has contracted significantly, particularly in China, and the economy has generally slowed. These effects are expected to continue for the time being.」
The external risks of overseas infectious diseases and similar risks that had been disclosed previously materialized as actual impacts in the form of restrictions on and contraction of economic activity associated with the global COVID-19 pandemic. - FY2020-Q1RestatedAnnual report
「During the current second-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there has been no new occurrence or material change concerning political, regulatory and disaster risks in its overseas businesses. - FY2019-Q4RestatedAnnual report
「During the current first-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there has been no new occurrence or material change concerning political, regulatory and disaster risks in its overseas businesses. - FY2019-Q2RestatedAnnual report
「During the current third-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there has been no new occurrence or material change concerning political, regulatory and disaster risks in its overseas businesses. - FY2019-Q1RestatedAnnual report
「During the current second-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there has been no new occurrence or material change concerning political, regulatory and disaster risks in its overseas businesses. - FY2018-Q4RestatedAnnual report
「During the current first-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there has been no new occurrence or material change concerning political, regulatory and disaster risks in its overseas businesses. - FY2018RestatedAnnual report
「However, the Group’s operating results may be affected if laws and regulations relating to its overseas businesses are enacted or amended, if political developments disrupt business operations, or if unexpected natural disasters, infectious diseases or other events occur.」
The company continues to face risks related to laws and regulations, political conditions, natural disasters and infectious diseases associated with its overseas businesses. - FY2018-Q2RestatedAnnual report
「During the current third-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there has been no new occurrence or material change concerning political, regulatory and disaster risks in its overseas businesses. - FY2018-Q1RestatedAnnual report
「During the current second-quarter consolidated cumulative period, no new business or other risks arose. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there has been no new occurrence or material change concerning political, regulatory and disaster risks in its overseas businesses. - FY2017RestatedAnnual report
「However, the Group’s operating results may be affected if laws and regulations relating to its overseas businesses are enacted or amended, if political developments disrupt business operations, or if unexpected natural disasters, infectious diseases or other events occur.」
The company continues to face risks related to laws and regulations, political conditions, natural disasters and infectious diseases associated with its overseas businesses. - FY2016First statedAnnual report
「However, the Group’s operating results may be affected if laws and regulations relating to its overseas businesses are enacted or amended, if political developments disrupt business operations, or if unexpected natural disasters, infectious diseases or other events occur.」
These are external risks specific to each country associated with operating businesses in China, Southeast Asia, India, South Korea and other markets.