Legal, political, personnel and operating risks in overseas markets
First written in FY2017. 3 of 6 entries say "Restated". Latest entry: FY2026.
Tenryu Saw Mfg. moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).
The whole theme swung hardest in 2022: 49 of 100 companies on the "Worse" side.
11 other companies' latest entry also says "Reframed".
- FY2026Reorganisation and specific detailing of overseas expansion risksAnnual report
「① Changes in laws, regulations, tax systems and other matters in each country and region ② Changes in the social environment resulting from political conditions, changes of government and other factors in each country and region ③ Changes in the economic environment resulting from recessions, foreign exchange fluctuations, inflation and other factors ④ Problems relating to recruitment and retention of local personnel and labor management ⑤ Stagnation or suspension of business activities due to the spread of infectious diseases and other factors ⑥ Social disruption caused by terrorism, war, natural disasters or other factors」
Reorganises the existing risks relating to laws and regulations, politics, the economy, personnel, infectious diseases and social disruption into region-wide categories that include tax systems, inflation, labor management and natural disasters. - FY2024RestatedAnnual report
「Expansion into these overseas markets entails the following inherent risks, which may have a material adverse effect on the Group's operating results and financial condition. ① Unexpected changes in laws or regulations in the markets entered ② Changes in the political systems of the markets entered ③ Changes in the economic environment of the markets entered ④ Recruitment and retention of personnel in the markets entered ⑤ The possibility of suspension of business activities and other effects of the spread of infectious diseases in the markets entered ⑥ Social disruption caused by terrorism, war or other factors」
Reiterates, under the same headings, the risks associated with overseas operations, including laws and regulations, politics, the economic environment, personnel, infectious diseases, and terrorism and war. - FY2020WorsenedAnnual report
「Expansion into these overseas markets entails the following inherent risks, which may adversely affect the Group's operating results and financial condition: ① Unexpected changes in laws or regulations in the markets entered ② Changes in the political systems of the markets entered ③ Changes in the economic environment of the markets entered ④ Difficulty recruiting and securing personnel in the markets entered ⑤ The possibility of factory shutdowns and other effects of the spread of infectious diseases in the markets entered ⑥ Social disruption caused by terrorism, war or other factors」
Broadens the scope by explicitly adding changes in the economic environment of the markets entered to the existing risk items covering laws and regulations, politics, personnel, infectious diseases, and terrorism and war. - FY2019RestatedAnnual report
「Expansion into these overseas markets entails the following inherent risks, which may adversely affect the Group's operating results and financial condition: ① Unexpected changes in laws or regulations in the markets entered ② Changes in the political systems of the markets entered ③ Difficulty recruiting and securing personnel in the markets entered ④ The possibility of factory shutdowns and other effects of the spread of infectious diseases in the markets entered ⑤ Social disruption caused by terrorism, war or other factors」
Reiterates, under the same headings, the risks associated with overseas operations, including laws and regulations, politics, personnel, plant shutdowns due to infectious diseases, and terrorism and war. - FY2018RestatedAnnual report
「Expansion into these overseas markets entails the following inherent risks, which may adversely affect the Group's operating results and financial condition: ① Unexpected changes in laws or regulations in the markets entered ② Changes in the political systems of the markets entered ③ Difficulty recruiting and securing personnel in the markets entered ④ The possibility of factory shutdowns and other effects of the spread of infectious diseases in the markets entered ⑤ Social disruption caused by terrorism, war or other factors」
Reiterates, under the same headings, the risks associated with overseas operations, including laws and regulations, politics, personnel, plant shutdowns due to infectious diseases, and terrorism and war. - FY2017First statedAnnual report
「Expansion into these overseas markets entails the following inherent risks, which may adversely affect the Group's operating results and financial condition: ① Unexpected changes in laws or regulations in the markets entered ② Changes in the political systems of the markets entered ③ Difficulty recruiting and securing personnel in the markets entered ④ The possibility of factory shutdowns and other effects of the spread of infectious diseases in the markets entered ⑤ Social disruption caused by terrorism, war or other factors」
Lists the risks associated with operations in China, the United States, Europe and elsewhere, including changes in laws and regulations, political systems, securing personnel, plant shutdowns due to infectious diseases, and terrorism and war.