Political Environment and Regulatory Changes Overseas
First written in FY2016. 5 of 10 entries say "Restated". Latest entry: 2026-05-14.
The whole theme swung hardest in 2025: 47 of 94 companies on the "Worse" side.
- 2026-05-14WorsenedEarnings presentation
「The impact of the situation in the Middle East is expected to be approximately 20% of business profit and is incorporated into the full-year plan」
Risks related to the overseas political and geopolitical environment were incorporated into the earnings assumptions with a specific estimated impact on business profit. - FY2026-H1RestatedAnnual report
「Although the global economy during the interim consolidated accounting period showed signs of a sustained recovery, uncertainty remained high due to geopolitical risks in Europe and the Middle East, international tensions among major powers, and uncertainty over the outlook for US tariff policies.」
The Company continues to identify geopolitical risks in Europe and the Middle East, tensions among major powers, and uncertainty surrounding US tariff policies as risks related to overseas political and institutional conditions. - FY2025WorsenedAnnual report
「● Higher sales, logistics and procurement costs, difficulty in procurement, and difficulty continuing operations due to the political and economic conditions, sudden introduction of regulations, and deterioration in public security in countries where customers, suppliers, and the Company's production facilities are located」
The risks of overseas political and institutional changes continue to materialize as external-environment risks including geopolitical risks, regulations, difficulty in procurement, difficulty continuing operations, and US tariff policies. - FY2024-Q2RestatedAnnual report
「The business environment surrounding the Company remains uncertain due to heightened geopolitical risks, surging resource prices, and higher prices resulting from yen depreciation.」
Geopolitical risks related to overseas political and institutional conditions continue to be identified, together with higher prices caused by surging resource prices and yen depreciation, as factors contributing to uncertainty in the business environment. - FY2024-Q1RestatedAnnual report
「The business environment surrounding the Company remains uncertain due to heightened geopolitical risks, surging resource prices, and higher prices resulting from yen depreciation.」
Geopolitical risks related to overseas political and institutional conditions remain, and are identified, together with higher prices caused by surging resource prices and yen depreciation, as factors contributing to uncertainty in the business environment. - FY2023-Q2RestatedAnnual report
「In the domestic economy, progress was made in balancing infection-control measures with economic activity, and signs of an economic recovery were seen, led by private consumption. However, the operating environment surrounding the Company remains uncertain due to heightened geopolitical risks, the rapid depreciation of the yen, soaring energy prices, reduced automobile production caused by semiconductor shortages and other factors, and concerns over a resurgence of COVID-19 infections.」
The Company continues to identify geopolitical risks, yen depreciation and surging energy prices, reduced automobile production due to semiconductor shortages, and other factors related to overseas political, institutional, and geopolitical conditions as sources of uncertainty. - FY2023-Q1WorsenedAnnual report
「In Japan's economy, restrictions on activities associated with the spread of COVID-19 have been eased and the economy is showing signs of recovery, led by personal consumption. However, the business environment surrounding the Company remains uncertain, given rising geopolitical risks, higher prices caused by the rapid depreciation of the yen and surging resource prices, reduced automobile production due to semiconductor shortages, and concerns about a renewed spread of COVID-19.」
In addition to the previously identified risks of overseas political and institutional changes, heightened geopolitical risks, yen depreciation, surging resource prices, and reduced automobile production due to semiconductor shortages have materialized as factors contributing to uncertainty in the business environment. - FY2022WorsenedAnnual report
「● Higher sales, logistics and procurement costs, difficulty in procurement, and difficulty continuing operations due to the political and economic conditions, sudden introduction of regulations, and deterioration in public security in countries where customers, suppliers, and the Company's production facilities are located」
The previously identified risks of overseas political and institutional changes have materialized as geopolitical risks arising from conditions including Ukraine, higher sales, logistics and procurement costs, difficulty in procurement, and difficulty continuing operations. - FY2017RestatedAnnual report
「Unexpected risks, such as changes in foreign-exchange policies and various preferential tax regimes resulting from political policy changes and operating problems arising from social conditions, could have a significant impact on the relevant subsidiary and, consequently, on the business performance of the Group that made the investment.」
The Company reiterates the risks associated with changes in overseas political policies, foreign-exchange policies, tax systems, and social conditions. - FY2016First statedAnnual report
「Unexpected risks, such as changes in foreign-exchange policies and various preferential tax regimes resulting from political policy changes and operating problems arising from social conditions, could have a significant impact on the relevant subsidiary and, consequently, on the business performance of the Group that made the investment.」
The Group operates overseas after assessing business continuity in each country, but identifies changes in political conditions, tax systems, and social conditions as risks.