Risks related to laws and regulations, natural disasters and terrorism in individual countries as overseas operations expand
First written in FY2016. 10 of 17 entries say "Worsened", first in FY2017-Q1. Latest entry: 2026-08-07.
Fujikura Kasei moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 37 of 74 companies on the "Worse" side.
30 other companies' latest entry also says "Worsened".
- 2026-08-07WorsenedEarnings
「Overseas economies are also expected to remain uncertain because of US policy developments, the prolonged situation in Ukraine and the deterioration in the situation in the Middle East.」
US policy developments, the prolonged situation in Ukraine and the deterioration in the situation in the Middle East were identified as sources of uncertainty for overseas economies. - FY2026WorsenedAnnual report
「Overseas economies are also expected to remain uncertain, with numerous concerns affecting economic conditions, including heightened geopolitical risks such as the situation in the Middle East, concerns over a slowdown in the Chinese economy and developments in US policy.」
Geopolitical risks centered on the Middle East, concerns over a slowdown in the Chinese economy and US policy developments continue to be identified as sources of uncertainty in the overseas business environment and have expanded. - FY2026-H1WorsenedAnnual report
「Overseas economies are expected to remain uncertain, with numerous factors weighing on economic conditions, including the protracted situations in Ukraine and the Middle East, the continued stagnation of China's property market, concerns over US inflation and economic slowdown, and weak external demand in Europe.」
Multiple sources of uncertainty related to overseas operations continue, including the situations in Ukraine and the Middle East, China's property market, US inflation and economic conditions, and external demand in Europe. - FY2025WorsenedAnnual report
「The economic outlook is expected to remain difficult to predict, owing to the future policy direction of the new US administration, soaring raw material prices and the effects of the situations in the Middle East and Ukraine.」
In addition to existing geopolitical uncertainty, the policy direction of the new US administration, soaring raw material prices and the situations in the Middle East and Ukraine continued to be identified as sources of uncertainty in the overseas business environment. - FY2024WorsenedAnnual report
「The outlook for overseas economies is expected to remain uncertain, owing to the protracted situation in Ukraine, rising tensions in the Middle East, the effects of globally tightening monetary policy and concerns over the outlook for the Chinese economy.」
In addition to the situation in Ukraine and other factors, the situation in the Middle East, globally tightening monetary policy and concerns over the outlook for the Chinese economy were noted, broadening the areas of concern in the overseas business environment. - FY2024-Q3WorsenedAnnual report
「The outlook for overseas economies is expected to remain uncertain, owing to the protracted situation in Ukraine, rising tensions in the Middle East, the effects of globally tightening monetary policy and concerns over the outlook for the Chinese economy.」
In addition to the situation in Ukraine, rising tensions in the Middle East, globally tightening monetary policy and concerns over the outlook for the Chinese economy were described as sources of uncertainty, broadening the areas of concern in the overseas business environment. - FY2024-Q2RestatedAnnual report
「The protracted situation in Ukraine and the effects on economic conditions of globally tightening monetary policy remain matters of concern for overseas economies, and the outlook is expected to remain uncertain.」
For overseas economies, the protracted situation in Ukraine and the effects on economic conditions of globally tightening monetary policy continue to be identified as sources of uncertainty. - FY2024-Q1RestatedAnnual report
「Although overseas markets are recovering more rapidly than the domestic market, the outlook is expected to remain uncertain, owing to the protracted situation in Ukraine and the effects of sharp exchange-rate fluctuations caused by monetary tightening in various countries.」
While referring to the recovery of overseas markets, the disclosure continues to identify the protracted situation in Ukraine, monetary tightening in various countries and sharp exchange-rate fluctuations as sources of uncertainty. - FY2023-Q1WorsenedAnnual report
「Overseas economies are also expected to remain uncertain, owing to restrictions on economic activity in China, concerns over the protracted situation in Ukraine and the effects of the rapid depreciation of the yen.」
Restrictions on economic activity in China, concerns over the protracted situation in Ukraine and the rapid depreciation of the yen were described as sources of uncertainty in the overseas business environment, broadening the areas of concern. - FY2021RestatedAnnual report
「The Group has established operating bases in North America, Europe, Southeast Asia and other regions and is expanding its business operations. This ongoing globalization may affect its business through factors specific to each country in which it operates, including political and economic conditions, laws and regulations, and the natural environment, in addition to global economic trends.」
The disclosure continues to describe country-specific political, economic, legal and regulatory, and natural-environment risks associated with expansion into North America, Europe, Southeast Asia and other regions. - FY2020MitigatedAnnual report
「The Group seeks to prevent these risks by identifying and addressing them at an early stage through local information gathering and the use of external consultants. However, if events beyond expectations occur, such as major changes in laws and regulations, terrorism, war or political and social disruption caused by natural disasters, they may affect the Group's performance and financial position.」
Early identification and response through local information gathering and the use of external consultants were specified as measures addressing political, economic, legal and regulatory, and natural-environment risks in countries overseas. - FY2019RestatedAnnual report
「The Group has expanded its business operations overseas, including in the United States, the United Kingdom, China, South Korea and Thailand. This ongoing globalization may affect the Group's performance and financial position through unexpected changes in laws or regulations in countries of operation, social disruption caused by disasters or terrorism, and other factors.」
The disclosure continues to describe country risks, including legal and regulatory changes, disasters and terrorism in countries of operation, associated with overseas operations. - FY2017RestatedAnnual report
「The Group has expanded its business operations overseas, including in the United States, the United Kingdom, China, South Korea and Thailand. This ongoing globalization may affect the Group's performance and financial position through unexpected changes in laws or regulations in countries of operation, social disruption caused by disasters or terrorism, and other factors.」
Country risks, including legal and regulatory changes, disasters and terrorism in countries of operation, are reiterated in connection with the expansion of overseas operations. - FY2017-Q1WorsenedAnnual report
「However, overseas operations were affected by downside risks associated with slower economic growth in emerging Asian countries and the UK's withdrawal from the EU, and the outlook remained uncertain.」
Slower growth in emerging Asian countries and the UK's EU withdrawal issue were identified as sources of uncertainty in the external environment surrounding overseas operations. - FY2016First statedAnnual report
「The Group has expanded its business operations overseas, including in the United States, the United Kingdom, China, South Korea and Thailand. This ongoing globalization may affect the Group's performance and financial position through unexpected changes in laws or regulations in countries of operation, social disruption caused by disasters or terrorism, and other factors.」
The disclosure describes external-environment risks associated with an increase in the number of countries of operation and the expansion of overseas business.