Political, economic, social and regulatory risks at overseas locations
First written in FY2016. 7 of 15 entries say "Worsened", first in FY2018. Latest entry: 2026-11-04.
The whole theme swung hardest in 2025: 48 of 94 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「In addition to rising regional tensions, including the situation in the Middle East in recent years, growing geopolitical uncertainty worldwide could have an impact on the Group's business operations as indirect effects through resource prices, logistics and trade policies become apparent.」
In addition to the existing political, economic and regulatory risks at overseas locations, geopolitical tensions such as the situation in the Middle East were specified as risks that could affect the business through resource prices, logistics and trade policies. - 2026-05-13WorsenedEarnings presentation
「中東情勢の影響については、需要及び調達面で一定程度の影響を受ける可能性があるが、本業績予想には織り込んでいない。」
既存の海外拠点に関する政治・経済・社会的リスクに関連して、中東情勢が需要・調達面に影響する可能性を新たに具体化した。影響は業績予想に織り込まれていない。 - FY2023WorsenedAnnual report
「There is a risk of being affected by political, economic and social disruption, including war, civil war, armed conflict, riots and terrorism, and legal and regulatory requirements in the relevant and surrounding countries, as well as changes in international trade regulations and tariffs and the effects arising from trade agreements between countries and economic blocs. If affected by these factors, business performance could be affected.」
The description of overseas-location risks was expanded to specifically cover surrounding countries and political and social disruption, including war, civil war, armed conflict, riots and terrorism. - FY2020RestatedAnnual report
「We are working to mitigate the effects of changes in trade regulations and tariffs by taking appropriate measures and reforming the procurement structures at each location.」
The Company continues to recognize political, economic and regulatory risks at overseas locations, as well as trade regulation and tariff risks, and indicates a policy of mitigating them through procurement-structure reforms and stronger internal controls and governance. - FY2020-Q2WorsenedAnnual report
「The North American, European and other subsidiaries in the spring business suffered sluggish sales and earnings amid higher material prices resulting from the rise of protectionism, reviews of automakers' global production structures and worsening global economic sentiment.」
Risks associated with overseas locations, including protectionism, reviews of automakers' global production structures and worsening global economic conditions, materialized as sluggish sales and earnings in North America, Europe and elsewhere. - FY2019-Q3WorsenedAnnual report
「Operating profit was ¥763 million, down ¥1,661 million, or 68.5%, year on year. The main reason was as follows: in the spring business, the North American subsidiary recorded a loss because, although it took measures to address the effects of additional tariffs arising from US and Canadian steel import restrictions that began in the first half of the fiscal year, higher material costs and production disruptions, the effects of those measures remained extremely limited.」
The effects of steel import restrictions and additional tariffs extended to higher material costs and production disruptions. As the measures taken had only a very limited effect, this materialized as a significant decline in operating profit and losses at the North American subsidiary. - FY2019-Q2MaterialisedAnnual report
「Operating profit was ¥808 million, down ¥887 million, or 52.3%, year on year. In the spring business, a loss was recorded due mainly to market-driven fluctuations in material prices at the North American subsidiary and higher material costs resulting from tariff increases. In the special steel products business, the result was also affected by higher costs due to increases in raw material, fuel and auxiliary material prices, as well as losses at JATIM.」
Higher material costs resulting from tariff increases materialized as a factor behind losses at the North American subsidiary, and international trade and tariff risks continued to affect business performance. - FY2019-Q1MaterialisedAnnual report
「Operating loss was ¥58 million, a decline of ¥447 million year on year, due mainly to the time lag in passing higher material costs through to selling prices, lower sales at the North American subsidiary, and higher costs resulting from strengthened steel tariffs.」
The risk of international trade regulations and tariff changes materialized in the form of higher costs resulting from strengthened steel tariffs, together with lower sales at the North American subsidiary, as factors behind the spring business's operating loss. - FY2018WorsenedAnnual report
「There is a possibility that business performance could be affected by political, economic and social disruption, legal and regulatory requirements and other factors in the relevant countries, as well as changes in international trade regulations and tariffs and competition arising from trade agreements between countries and economic blocs.」
In addition to the existing political, economic, social and regulatory risks at overseas locations, the scope of risks has expanded to include international trade regulations, tariff changes and competition arising from trade agreements. - FY2017RestatedAnnual report
「There is a possibility that political, economic and social disruption, legal and regulatory requirements, and other factors in the relevant countries could affect business performance.」
The Company reiterates the political, economic, social and regulatory risks at overseas locations in North America, China, Southeast Asia and elsewhere. - FY2016First statedAnnual report
「There is a possibility that political, economic and social disruption, legal and regulatory requirements, and other factors in the relevant countries could affect business performance.」
The Company discloses country-specific external-environment risks at overseas locations in North America, China, Southeast Asia and elsewhere.