Political, geopolitical and social infrastructure risks associated with overseas expansion
First written in FY2020. 4 of 10 entries say "Worsened", first in FY2021. Latest entry: FY2026.
Japan Insulation moved to the "Worse" side of this theme in 2024, 3 years after the typical company in this theme (2021).
The whole theme swung hardest in 2022: 54 of 109 companies on the "Worse" side.
59 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The emergence of social disruptions such as terrorism, war and epidemics in these regions, unexpected events such as power outages and logistics disruptions caused by inadequate social infrastructure, and the emergence of unforeseen risks with business partners arising from differences in commercial practices could adversely affect our group's business, operating results and financial condition.」
The company continues to identify political, social infrastructure, epidemic, commercial practice and other risks associated with its overseas business in Vietnam and Southeast Asia. - 2026-05-13WorsenedResults
「地政学リスクの長期化や中国経済の先行き懸念、米国の通商政策による混乱に加え、中東情勢の悪化によるエネルギー価格の上昇など、先行きの予測が難しい状況にあります。」
従来の地政学・中国経済リスクに加え、米国の通商政策による混乱と中東情勢の悪化を明示した。 - FY2024WorsenedAnnual report
「If amendments to laws and regulations, including tax laws, an economic slowdown, trade barriers, anti-Japanese demonstrations, boycotts or other events occur in countries where our group has bases, or if taxation arises under transfer pricing rules or other systems, this could adversely affect our group's business activities.」
As risks associated with overseas expansion, the company further specified amendments to laws and regulations, economic slowdowns, trade barriers, anti-Japanese movements and transfer pricing taxation, among other risks. - FY2023RestatedAnnual report
「Our group operates in Southeast Asia, including Vietnam, where our consolidated subsidiary is located. Some of these areas are politically and geopolitically unstable.」
The company continues to describe political, geopolitical, social infrastructure and other risks associated with expanding operations in Southeast Asia. - FY2023-Q1WorsenedAnnual report
「During the cumulative first-quarter period, Japan's economy showed some signs of recovery amid expectations that economic and social activity would normalize as thorough infection-control measures were implemented, although concerns remained about the economic impact of a renewed spread of COVID-19. At the same time, downside risks became apparent because of soaring raw material and fuel prices and supply constraints associated with the prolonged Russian invasion of Ukraine, as well as volatility in financial and capital markets caused by global monetary tightening.」
The company described soaring raw material and fuel prices and supply constraints associated with the prolonged Russian invasion of Ukraine as specific factors worsening the geopolitical risks associated with overseas expansion. - FY2022RestatedAnnual report
「Our group operates in Southeast Asia, including Vietnam, where our consolidated subsidiary is located. Some of these areas are politically and geopolitically unstable.」
The company continues to describe political, geopolitical and social infrastructure risks associated with expanding operations in Southeast Asia. - FY2022-Q3MitigatedAnnual report
「At the consolidated subsidiary ジェイアイシーベトナム有限会社, operations had been intermittently suspended due to activity restrictions in Vietnam to prevent the spread of COVID-19, but the operating rate has been gradually improving as restrictions have been eased.」
Although operating shutdowns caused by movement restrictions continue at the overseas base, the operating rate is gradually improving as restrictions are eased. - FY2022-Q2MaterialisedAnnual report
「At JIC Vietnam Co., Ltd., a consolidated subsidiary, operations have been suspended intermittently because of the impact of restrictions on movement in Vietnam resulting from the spread of COVID-19.」
At an overseas base, social disruption in the form of domestic movement restrictions actually occurred as infections spread, leading to intermittent operating shutdowns. - FY2021WorsenedAnnual report
「In Southeast Asia, we are seeking to develop a market for calcium silicate insulation materials as a biomass business using rice husks as raw materials and fuel. If this initiative does not progress as planned, it could affect our group's financial condition and operating results.」
In addition to the existing political, social infrastructure and other risks associated with overseas expansion, the company explicitly identified the risk that its biomass business may not progress as planned. - FY2020First statedAnnual report
「The emergence of social disruptions such as terrorism, war and epidemics in these regions, unexpected events such as power outages and logistics disruptions caused by inadequate social infrastructure, and the emergence of unforeseen risks with business partners arising from differences in commercial practices could adversely affect our group's business, operating results and financial condition.」
The company describes these as risks associated with expanding operations in Southeast Asia, including Vietnam.