Legal and Regulatory, Foreign Exchange and Social Disruption Risks Associated with Overseas Business Expansion
First written in FY2016. 14 of 27 entries say "Restated". Latest entry: FY2026.
Eiken Chemical moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
The whole theme swung hardest in 2024: 6 of 10 companies on the "Worse" side.
2 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Changes in economic conditions in individual countries and regions, pandemics, geopolitical risks and other factors could delay, interrupt or suspend colorectal cancer screening programs involving the Group's core product, fecal occult blood test reagents, or delay regulatory approval of new products. In addition, if the reduction in the Global Fund's funding following the closure of USAID leads to a prolonged decline in demand for medical products and reagents in developing countries, this could affect the Group's financial position and operating results.」
In addition to the existing overseas economic, geopolitical and regulatory risks, the reduction in Global Fund financing following the closure of USAID and the prolonged decline in demand in developing countries have been added as specific risks. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, domestic and overseas economies remained unstable, continuing to be affected by soaring resource prices, geopolitical risks, US trade policy, the monetary policies of major countries and other factors.」
Uncertainty in the overseas business environment arising from resource prices, geopolitical conditions, US trade policy and the monetary policies of major countries continues to be described. - FY2025WorsenedAnnual report
「In addition, if high tariffs are imposed on diagnostic reagents and medical devices sold in the United States, this could affect the Group's financial position and operating results.」
In addition to the existing economic, geopolitical and regulatory risks associated with overseas expansion, the risk of high US tariffs has been specifically added. - FY2024-Q3WorsenedAnnual report
「Meanwhile, overseas economies remained unstable against a backdrop of soaring global resource prices and a weaker yen, driven by geopolitical uncertainty, including the prolonged situation in Ukraine and escalating tensions in the Middle East.」
In addition to the existing Ukraine situation and rising resource prices, escalating tensions in the Middle East and the weaker yen have been explicitly identified, expanding the factors underlying geopolitical, foreign exchange and resource price risks surrounding the overseas business. - FY2024-Q1RestatedAnnual report
「Although overseas economies showed signs of recovery, they remained unstable due to downside risks stemming from soaring resource prices, the effects of monetary tightening and other factors.」
Overseas economies are showing signs of recovery, but remain unstable due to downside risks stemming from soaring resource prices and monetary tightening. - FY2023-Q3WorsenedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, the Japanese economy showed signs of recovery as restrictions on economic activity continued to ease, but uncertainty persisted due to the arrival of the eighth wave of COVID-19 and the rapid depreciation of the yen. Overseas economies remained unstable due to the impact of rising resource prices stemming from Russia's invasion of Ukraine and measures to curb inflation.」
Regarding the external environment affecting overseas operations, the rapid depreciation of the yen is newly identified, while the instability of overseas economies caused by rising resource prices stemming from Russia's invasion of Ukraine and measures to curb inflation continues to be disclosed. - FY2023-Q2RestatedAnnual report
「Overseas economies remained unstable due to the impact of rising resource prices stemming from Russia's invasion of Ukraine and measures to curb inflation.」
The company continues to disclose the instability of overseas economies caused by rising resource prices stemming from Russia's invasion of Ukraine and measures to curb inflation as risks surrounding overseas operations. - FY2023-Q1WorsenedAnnual report
「Overseas economies also recovered, but remained unstable due to the impact of rising resource prices stemming from Russia's invasion of Ukraine and restrictions on economic activity in China.」
Regarding sources of uncertainty surrounding overseas operations, the company explicitly identifies the impact of restrictions on economic activity in China, in addition to rising resource prices associated with Russia's invasion of Ukraine. - FY2022MitigatedAnnual report
「In light of these risks, the Group is working to strengthen its global expansion, led by the Overseas Business Office, including through the selection of appropriate sales agents.」
In response to economic and business conditions, geopolitical risks, and delays in regulatory approvals and screening associated with overseas expansion, the company identifies the selection of sales agents led by the Overseas Business Office as a countermeasure. - FY2020ReframedAnnual report
「To promote global expansion, a key measure under the medium-term management plan, the Group must obtain regulatory approvals in each country for its core products, reagents and instruments for fecal occult blood testing, and secure adoption of colorectal cancer screening in national screening programs. However, if changes in laws and regulations, economic conditions or political conditions in individual countries or regions delay regulatory approvals or the launch of large-scale national screening programs, this could affect the Group's financial position and operating results.」
In addition to general country risks such as foreign exchange, laws and regulations and political conditions, delays in regulatory approvals and the launch of national screening programs have been specified as risks to global expansion. - FY2020-Q3SoftenedAnnual report
「Although overseas economies as a whole are gradually recovering, attention must be paid to developments concerning trade issues and the outlook for the Chinese economy.」
The previous quarter's expression, “rising tensions over trade issues between the United States and China,” has been changed this time to “developments concerning trade issues,” generalizing the description of the risk. - FY2020-Q2WorsenedAnnual report
「During the first 2 quarters of the current consolidated fiscal year, the Japanese economy remained on a gradual recovery track, supported by improvements in employment and income conditions. Although overseas economies as a whole are gradually recovering, attention must be paid to the impact of rising tensions over trade issues between the United States and China.」
For risks surrounding overseas operations, rising tensions over trade issues between the United States and China are explicitly identified, with the description shifting from attention to existing trade issues to heightened instability. - FY2020-Q1RestatedAnnual report
「Although overseas economies as a whole are gradually recovering, conditions remain such that attention must be paid to risks arising from developments in trade issues and the outlook for the Chinese economy.」
Trade issues and the outlook for the Chinese economy continue to be disclosed as political and economic sources of uncertainty surrounding overseas operations. - FY2019-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, the Japanese economy remained on a gradual recovery track, supported by improvements in employment and income conditions. Although overseas economies as a whole are gradually recovering, uncertainty remains due to the outlook for emerging Asian economies, particularly China, and developments in trade issues.」
Trade issues and the outlook for emerging Asian economies, including China, continue to be disclosed as political and economic sources of uncertainty surrounding overseas operations. - FY2019-Q2RestatedAnnual report
「Although uncertainty remains in overseas economies regarding the outlook for emerging Asian economies, particularly China, overseas economies as a whole are gradually recovering.」
The outlook for emerging Asian economies, including China, continues to be disclosed as a source of uncertainty surrounding overseas operations. - FY2019-Q1RestatedAnnual report
「Although uncertainty remains in overseas economies regarding the outlook for emerging Asian economies, particularly China, and US policy developments, overseas economies as a whole are gradually recovering.」
The outlook for emerging Asian economies and US policy developments, among other factors, continue to be disclosed as sources of uncertainty surrounding overseas operations. - FY2018WorsenedAnnual report
「The Group is actively pursuing the global expansion of its sales activities, and the proportion of sales generated overseas is also increasing. Countries and regions outside Japan inherently involve various country risks, including foreign exchange fluctuations, changes in laws and regulations, political changes and economic fluctuations. If these events occur, they could affect the Group's financial position and operating results.」
The company describes increased exposure to country risks, including foreign exchange, laws and regulations, political conditions and economic conditions, as the proportion of overseas sales rises. - FY2018-Q3RestatedAnnual report
「Although uncertainty remains in overseas economies regarding the outlook for emerging Asian economies and the policy direction of the new US administration, overseas economies as a whole are gradually recovering.」
The outlook for emerging Asian economies and the policy direction of the new US administration, among other factors, continue to be disclosed as sources of uncertainty surrounding overseas operations. - FY2018-Q2RestatedAnnual report
「Although uncertainty remains in overseas economies regarding the outlook for emerging Asian economies and the policy direction of the new US administration, overseas economies as a whole are gradually recovering.」
The outlook for emerging Asian economies and the policy direction of the new US administration, among other factors, continue to be disclosed as sources of uncertainty surrounding overseas operations. - FY2018-Q1RestatedAnnual report
「Although overseas economies as a whole are gradually recovering, uncertainty persists due to volatility arising from political and economic developments, including concerns about an economic slowdown in emerging Asian economies, particularly China, and the policy direction of the new US administration.」
Concerns about economic slowdowns in emerging Asian economies and the policy direction of the new US administration, among other factors, continue to be disclosed as political and economic sources of uncertainty surrounding overseas operations. - FY2017RestatedAnnual report
「The Group is actively pursuing the global expansion of its sales activities. Global business operations inherently involve risks such as amendments to or tighter enforcement of laws and regulations, political instability or economic factors, foreign exchange fluctuations, and social disruption caused by war, terrorism, riots, epidemics and other factors.」
The external risks associated with global expansion, including laws and regulations, political and economic conditions, foreign exchange, war and epidemics, continue to be disclosed. - FY2017-Q3RestatedAnnual report
「During the first 3 quarters of the current consolidated fiscal year, the Japanese economy remained on a gradual recovery track, supported by improvements in employment and income conditions, although corporate earnings showed signs of stalling against a backdrop of volatile share prices and foreign exchange rates. Overseas economies remained uncertain due to volatility arising from political and economic developments, including concerns about an economic slowdown in emerging Asian economies, particularly China, the UK's Brexit issue, and the rapid yen depreciation and rise in share prices following the US presidential election.」
Foreign exchange rates, political and economic developments, concerns about economic slowdowns in emerging Asian economies and the UK's Brexit issue are described as sources of uncertainty surrounding overseas operations. - FY2017-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The company has determined that there are no newly arising risks or material changes concerning laws and regulations, foreign exchange and social disruption associated with overseas business expansion. - FY2017-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company has determined that there are no newly arising risks or material changes concerning laws and regulations, foreign exchange and social disruption associated with overseas business expansion. - FY2016First statedAnnual report
「The Group is actively pursuing the global expansion of its sales activities. Global business operations inherently involve risks such as amendments to or tighter enforcement of laws and regulations, political instability or economic factors, foreign exchange fluctuations, and social disruption caused by war, terrorism, riots, epidemics and other factors.」
These are listed as external risks associated with the expansion of global operations.