Foreign-Exchange and Country Risks Associated with Overseas Operations
First written in FY2017. 4 of 7 entries say "Restated". Latest entry: FY2024.
Vector moved to the "Worse" side of this theme in 2024, 5 years after the typical company in this theme (2019).
The whole theme swung hardest in 2025: 72 of 118 companies on the "Worse" side.
46 other companies' latest entry also says "Worsened".
- FY2024WorsenedAnnual report
「Risks include rapid changes in laws, regulations and tax systems in various countries, country risks, and mismatches between markets in the relevant regions and the Group's business strategies. Losses arising from these risks could affect the Group's performance.」
In addition to the previously identified foreign exchange and country risks, the Group explicitly identified changes in laws, regulations and tax systems in various countries and mismatches between overseas markets and its business strategies as risks. - FY2023RestatedAnnual report
「The Group expects that risks in the Asia and ASEAN regions are highly likely to materialize as a result of measures to prevent the spread of COVID-19 and other factors. It believes that they may also arise in the following fiscal year.」
The Group has reaffirmed the potential for the foreign exchange and country risks associated with overseas operations to materialize as a result of disease-prevention measures and continue into the following fiscal year. - FY2022RestatedAnnual report
「The Group expects that risks in the Asia and ASEAN regions are highly likely to materialize as a result of measures to prevent the spread of COVID-19 and other factors. It believes that they may also arise in the following fiscal year.」
The Group has reaffirmed the potential for the foreign exchange and country risks associated with overseas operations to materialize as a result of COVID-19 prevention measures and continue into the following fiscal year. - FY2021WorsenedAnnual report
「The Group expects that risks in the Asia and ASEAN regions are highly likely to materialize as a result of measures to prevent the spread of COVID-19 and other factors. It believes that they may also arise in the following fiscal year.」
The assessment that the foreign exchange and country risks associated with overseas operations are highly likely to materialize as a result of COVID-19 prevention measures was added. - FY2019RestatedAnnual report
「The Group is actively expanding its business in overseas markets, primarily in Asia and the ASEAN region. Overseas business operations always entail foreign exchange and country risks, among others, and losses arising from these risks could affect the Group's performance.」
The foreign exchange and country risks associated with overseas operations continue to be disclosed. - FY2018RestatedAnnual report
「The Group is actively expanding its business in overseas markets, primarily in Asia and the ASEAN region. Overseas business operations always entail foreign exchange and country risks, among others, and losses arising from these risks could affect the Group's performance.」
The foreign exchange and country risks associated with overseas operations continue to be disclosed. - FY2017First statedAnnual report
「The Group is actively expanding its business in overseas markets, primarily in Asia and the ASEAN region. Overseas business operations always entail foreign exchange and country risks, among others, and losses arising from these risks could affect the Group's performance.」
The foreign exchange and country risks associated with expanding overseas operations are explicitly identified.