Legal, political and economic, security, and natural-disaster risks associated with overseas business expansion
First written in FY2017-Q2. 6 of 13 entries say "Restated". Latest entry: FY2024.
Taisei Lamick Group Head Quarter & Innovation moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 49 of 100 companies on the "Worse" side.
53 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Meanwhile, if significant changes in local political, economic, legal or social conditions, riots, terrorism or various geopolitical risks materialize and result in restrictions on part or all of the Group's business activities in the relevant region, the Group's performance and financial condition may be adversely affected.」
While identifying overseas-business expansion as a growth driver, the company continues to cite restrictions on business activities resulting from political, economic, legal and social conditions and geopolitical risks. - FY2022WorsenedAnnual report
「Meanwhile, if significant changes in local political, economic, legal or social conditions, riots, terrorism or various geopolitical risks materialize and result in restrictions on part or all of the Group's business activities in the relevant region, the Group's performance and financial condition may be adversely affected.」
Regarding country risks in overseas businesses, the company explicitly identifies restrictions on business activities resulting from the materialization of geopolitical risks, in addition to changes in political, economic, legal and social conditions. - FY2022-Q3MaterialisedAnnual report
「In overseas markets, the Americas remained resilient, with sales roughly in line with the previous year. In East Asia and ASEAN, however, business activities were restricted due to the spread of COVID-19, and sales fell below those of the same quarter of the previous year as orders declined.」
Restrictions on business activities due to the spread of COVID-19 actually occurred in East Asia and ASEAN, resulting in fewer orders and a year-on-year decline in sales. - FY2022-Q2MaterialisedAnnual report
「In overseas markets, sales in the Americas exceeded those in the same quarter of the prior year as the meal-kit market remained firm during the COVID-19 pandemic, while ASEAN remained at a low level against a backdrop of an economic downturn caused by the spread of COVID-19.」
In the overseas business, the economic downturn caused by the spread of COVID-19 affected sales in ASEAN, keeping them at a low level. - FY2021-Q3MaterialisedAnnual report
「In the packaging-film segment, domestic demand increased as people refrained from going out amid the spread of COVID-19. However, sales declined as the company reviewed low-margin transactions, and summer products performed poorly due to unfavorable weather caused by a prolonged rainy season. In overseas markets, sales in the Americas exceeded those of the same quarter of the previous year, driven by increased demand for meal kits and small-pack products, apparently due to the spread of COVID-19. In East Asia and ASEAN, however, sales fell below those of the same quarter of the previous year because the negative factors resulting from the pandemic could not be fully offset.」
Restrictions on going out amid the spread of COVID-19, negative factors in East Asia and ASEAN, and changes in demand were reflected in actual differences in domestic and overseas packaging-film sales. - FY2021-Q2MaterialisedAnnual report
「In overseas markets, sales in the Americas exceeded those in the same quarter of the previous year due to increased demand for meal-kit-related products and small pouches believed to have resulted from the spread of COVID-19. In East Asia and ASEAN, however, sales fell below those in the same quarter of the previous year because the negative factors arising from the pandemic could not be fully offset.」
Regarding risks associated with political and social conditions in overseas businesses, the company states that a temporary suspension of business activities actually occurred as a result of ASEAN restrictions on activities. - FY2020WorsenedAnnual report
「If significant changes in local political, economic, legal or social conditions, riots, terrorism or various geopolitical risks materialize and result in restrictions on part or all of the Group's business activities in the relevant region, the Group's performance and financial condition may be adversely affected.」
Regarding overseas-business risks, the company explicitly identifies changes in social conditions and geopolitical risks in addition to the previously cited risks involving laws and regulations, political and economic conditions, public security and natural disasters. - FY2019RestatedAnnual report
「If risks associated with overseas business activities materialize, including the enactment, revision or abolition of laws and regulations and deterioration in political and economic conditions, or if an unforeseen event occurs, such as deterioration in public security due to terrorism or conflict or a natural disaster, the Group's performance and financial condition may be adversely affected.」
Continues to identify risks associated with overseas expansion, including laws and regulations, political and economic conditions, public security and natural disasters. - FY2018-Q3RestatedAnnual report
「As part of its business strategy, the Group is pursuing business expansion in overseas markets. Overseas business activities entail risks including the enactment, revision or abolition of laws and regulations and deterioration in political and economic conditions. If these risks materialize, or if an unforeseen event occurs, such as deterioration in public security due to terrorism or conflict or a natural disaster, the Group's performance and financial condition may be adversely affected.」
Continues to identify risks associated with overseas-market expansion, including laws and regulations, political and economic conditions, public security and natural disasters. - FY2018-Q2RestatedAnnual report
「As part of its business strategy, the Group is pursuing business expansion in overseas markets. Overseas business activities entail risks including the enactment, revision or abolition of laws and regulations and deterioration in political and economic conditions. If these risks materialize, or if an unforeseen event occurs, such as deterioration in public security due to terrorism or conflict or a natural disaster, the Group's performance and financial condition may be adversely affected.」
Continues to identify risks associated with overseas-market expansion, including laws and regulations, political and economic conditions, public security and natural disasters. - FY2018-Q1RestatedAnnual report
「As part of its business strategy, the Group is pursuing business expansion in overseas markets. Overseas business activities entail risks including the enactment, revision or abolition of laws and regulations and deterioration in political and economic conditions. If these risks materialize, or if an unforeseen event occurs, such as deterioration in public security due to terrorism or conflict or a natural disaster, the Group's performance and financial condition may be adversely affected.」
Continues to identify risks associated with overseas-market expansion, including laws and regulations, political and economic conditions, public security and natural disasters. - FY2017-Q3RestatedAnnual report
「As part of its business strategy, the Group is pursuing business expansion in overseas markets. Overseas business activities entail risks including the enactment, revision or abolition of laws and regulations and deterioration in political and economic conditions. If these risks materialize, or if an unforeseen event occurs, such as deterioration in public security due to terrorism or conflict or a natural disaster, the Group's performance and financial condition may be affected.」
Continues to identify risks associated with overseas-market expansion, including laws and regulations, political and economic conditions, public security and natural disasters. - FY2017-Q2First statedAnnual report
「As part of its business strategy, the Group is pursuing business expansion in overseas markets. Overseas business activities entail risks including the enactment, revision or abolition of laws and regulations and deterioration in political and economic conditions. If an unforeseen event occurs, such as deterioration in public security due to terrorism or conflict or a natural disaster, the Group's performance and financial condition may be affected.」
For the first time, the company explicitly identifies overseas-business risks, including laws and regulations, political and economic conditions, terrorism and conflict, and natural disasters, as the downside of expanding in overseas markets.