Political, Economic and Social Turmoil at Overseas Bases
First written in FY2016. 16 of 31 entries say "Restated". Latest entry: 2026-08-07.
Takamatsu Machinery moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 38 of 76 companies on the "Worse" side.
38 other companies' latest entry also says "Restated".
- 2026-08-07RestatedEarnings
「At the same time, factors contributing to an uncertain outlook remained, including the impact of conditions in the Middle East and volatility in financial and capital markets.」
Conditions in the Middle East and volatility in financial and capital markets were again identified as factors contributing to an uncertain outlook. - FY2026Lower overseas sales ratio, while external environment risks persistAnnual report
「The Group conducts overseas business activities mainly in Asia, Europe and North America, and the overseas sales ratio for the fiscal year was 32.7%.」
The overseas sales ratio declined from 35.5% in the previous fiscal year to 32.7%, but the Company continued to recognize risks relating to overseas laws and regulations, political and economic conditions, infectious diseases and natural disasters, and exchange rate fluctuations. - 2026-05-08RestatedRevision of earnings forecasts
「However, uncertainty remained in the external environment, including U.S. trade policy and conditions in the Middle East, while continued close monitoring was required of the effects of prolonged inflation, volatility in financial and capital markets, and trends in foreign exchange rates and interest rates.」
Uncertainty surrounding U.S. trade policy, conditions in the Middle East, prices, financial markets, and foreign exchange and interest rate trends was reconfirmed. - FY2026-H1RestatedAnnual report
「During the interim consolidated period, the Japanese economy recovered gradually overall, despite the impact of U.S. trade policy, particularly in the automotive sector. While improving employment and income conditions and the effects of various policies supported the recovery, risks weighing on the economy included declining consumer sentiment due to continued price increases and volatility in the financial and capital markets, requiring close monitoring of developments.」
The Company continued to recognize uncertainty arising from overseas and macroeconomic conditions, including U.S. trade policy, rising prices and volatility in the financial and capital markets. - FY2025WorsenedAnnual report
「The Group conducts overseas business activities mainly in Asia, Europe and North America, and the overseas sales ratio for the fiscal year was 35.5%.」
The overseas sales ratio was 35.5%, quantifying the scale of the business exposed to political, economic and social disruptions overseas. The operating environment section also cited U.S. protectionist policies, the situation in the Middle East and volatility in the financial and capital markets as sources of uncertainty. - FY2024-Q3WorsenedAnnual report
「During the cumulative third quarter of the fiscal year, the Japanese economy was recovering gradually as employment and income conditions improved. However, conditions remained uncertain due to continued global price increases, volatility in the financial and capital markets, stagnation in the Chinese economy, and the unstable situations in Ukraine and the Middle East.」
The disclosure cited global price increases, volatility in the financial and capital markets and stagnation in the Chinese economy, as well as growing instability in Ukraine and the Middle East, as sources of uncertainty in the external environment. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, the Japanese economy was on a path of gradual recovery due to moves toward normalization of socioeconomic activity and the effects of various policies. However, the economic outlook remained uncertain due to prolonged global inflation, continued monetary tightening and the downturn in the Chinese economy.」
While recognizing the normalization of socioeconomic activity, the disclosure continued to describe uncertainty about the outlook due to inflation, monetary tightening and the downturn in the Chinese economy. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, the Japanese economy was on a path of gradual recovery, supported by moves toward normalization after the COVID-19 pandemic and the effects of various economic policies amid improving employment and income conditions. However, the economic outlook remained uncertain due to rising prices and the effects of global monetary tightening.」
While recognizing the normalization and recovery of economic activity, the disclosure continued to describe uncertainty about the outlook due to rising prices and global monetary tightening. It stated that there had been no material change in business and other risks. - FY2023-Q3WorsenedAnnual report
「During the cumulative third quarter of the fiscal year, the Japanese economy remained uncertain due to continued restrictions on economic activity under China's zero-COVID policy, the Ukraine issue, supply chain disruptions and rising prices, as well as global monetary tightening and sharp exchange rate fluctuations.」
In addition to the previously identified Ukraine issue, supply chain disruptions and rising prices, the disclosure expressly cited China's restrictions on economic activity, global monetary tightening and sharp exchange rate fluctuations as sources of uncertainty. - FY2023-Q2WorsenedAnnual report
「During the cumulative second quarter of the fiscal year, the Japanese economy showed signs of recovery as economic policies in various countries took effect while the transition to a new phase of living with COVID-19 progressed. However, conditions remained uncertain due to the continuing Ukraine issue, supply chain disruptions and high prices, as well as global monetary tightening and the rapid depreciation of the yen.」
In addition to the previously identified Ukraine issue, supply chain disruptions and high prices, the disclosure expressly cited global monetary tightening and the rapid depreciation of the yen as sources of uncertainty. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter of the fiscal year, the Japanese economy showed signs of recovery due to economic policies in various countries and progress in measures against COVID-19. However, uncertainty persisted because of the Ukraine issue, supply chain disruptions, surging resource prices, rising inflationary pressure and the rapid depreciation of the yen.」
In addition to the previously identified risks from infectious disease and uncertainty in overseas economies, the disclosure cited the Ukraine issue, supply chain disruptions, surging resource prices, inflationary pressure and the rapid depreciation of the yen as new sources of uncertainty. - FY2022WorsenedAnnual report
「Although a recovery in the Japanese economy was expected due to various measures to address the spread of COVID-19 and improvement in overseas economies, the outlook was expected to remain uncertain because of the risk that social and economic activity could stagnate again due to the impact of new variants, as well as the impact of the situation in Ukraine and other factors.」
In addition to variants of the infectious disease, the disclosure cited the situation in Ukraine, surging crude oil prices and rising prices as new external factors increasing uncertainty in the economic environment, including overseas conditions. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, the Japanese economy remained uncertain, although exports and capital investment moved toward recovery as economic activity resumed due to the effects of various policies and progress in vaccinations. Concerns also remained about a renewed spread of infections due to the emergence of a new, highly transmissible variant.」
While recognizing the recovery in economic activity and capital investment, the disclosure reconfirmed concerns about renewed infection spread due to a new variant and uncertainty about the outlook. - FY2021RestatedAnnual report
「The Group conducts overseas business activities mainly in Asia, Europe and North America, and the overseas sales ratio for the fiscal year was 24.1%.」
The disclosure continued to describe external environment risks arising from laws and regulations, infectious diseases, natural disasters and economic conditions in each region, while indicating the scale of the overseas business. - FY2021-Q3WorsenedAnnual report
「During the cumulative third quarter of the fiscal year, the Japanese economy showed slight signs of recovery as various policies took effect and some overseas economies improved while measures to prevent the spread of COVID-19 were implemented. However, infections were beginning to spread again as winter approached, and the outlook remained uncertain.」
Although some improvement in overseas economies was acknowledged, uncertainty about the outlook for the economic environment persisted and intensified as infections spread again during the winter, and vigilance regarding external environment risks, including at overseas locations, continued. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter of the fiscal year, the Japanese economy remained in extremely difficult conditions as exports and production fell rapidly amid the full-scale spread of COVID-19. Although the national state of emergency was lifted in May and measures were taken to ease restrictions on preventing the spread of infection and gradually raise the level of socioeconomic activity, economic conditions remained extremely severe.」
Regarding the business environment, including overseas and domestic economies, exports and production declined rapidly due to the full-scale spread of infectious disease, and economic conditions remained extremely severe. - FY2020WorsenedAnnual report
「During the fiscal year, the Japanese economy continued to recover gradually, supported in part by the effects of various policies, while the outlook remained uncertain due to the slowdown in the Chinese economy and the impact of U.S.-China trade friction. From the beginning of the new year, however, the economic impact of the spread of COVID-19 increased, and current economic conditions deteriorated sharply.」
In addition to the slowdown in the Chinese economy and U.S.-China trade friction, the spread of infectious disease from the beginning of the new year led to further economic deterioration, heightening vigilance regarding the economic environment, including overseas conditions. - FY2020-Q3WorsenedAnnual report
「During the cumulative third quarter of the fiscal year, the Japanese economy was on a path of gradual recovery, with employment and income conditions improving despite continued weakness in exports and production. Meanwhile, overseas economies remained highly uncertain due to the downturn in the Chinese economy and the impact of U.S.-China trade friction.」
Overseas economies remained highly uncertain due to the downturn in the Chinese economy and the impact of U.S.-China trade friction. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, the Japanese economy continued to recover gradually, supported by the effects of various policies, although weakness persisted mainly in exports amid a slowdown in the Chinese economy and rising tensions over U.S.-China trade issues.」
The disclosure reconfirmed uncertainty in overseas economies due to the slowdown in the Chinese economy and U.S.-China trade issues. Meanwhile, it explained that the domestic economy continued to recover gradually. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, the Japanese economy remained on a path of gradual recovery, supported by improving employment and income conditions and the effects of various policies, although exports and production showed weakness amid concerns about uncertainty in overseas economies, including trade issues and the outlook for the Chinese economy.」
The disclosure reconfirmed uncertainty in overseas economies, including trade issues and the outlook for the Chinese economy, as well as weakness in exports and production. Meanwhile, the domestic economy was described as being on a path of gradual recovery, and the risks section stated that there had been no material change. - FY2019WorsenedAnnual report
「Although some weakness remained in exports and production, employment and income conditions continued to improve, and the Japanese economy was expected to remain on a path of gradual recovery, supported in part by the effects of various policies. However, there was a risk of an economic downturn depending on developments in overseas economies and their impact.」
In addition to developments in overseas economies, the analysis of operating results expressed concern about uncertainty in overseas economies and policy, including a slowdown in the Chinese economy, and continued and strengthened vigilance regarding external environment risks. - FY2019-Q3WorsenedAnnual report
「During the cumulative third quarter of the fiscal year, the Japanese economy continued to recover gradually overall, supported by improving corporate earnings and increased capital investment, although uncertainty about the outlook for overseas economies intensified due to the impact of U.S.-China trade friction and other factors.」
The disclosure stated that uncertainty about the outlook for overseas economies had intensified due to U.S.-China trade friction and other factors. Meanwhile, the domestic economy continued to recover gradually, supported by increased corporate earnings and capital investment. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, the Japanese economy continued to recover gradually, with corporate earnings and capital investment increasing and personal consumption and employment improving, despite concerns about the impact of U.S. trade policy.」
While expressing concern about the impact of U.S. trade policy, the disclosure stated that the economy continued to recover gradually. It also stated that there had been no material change in business and other risks. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, the Japanese economy continued to recover gradually, despite downside factors such as the impact of policy developments in other countries and geopolitical risks, as corporate earnings improved and capital investment and employment increased.」
The Company reconfirmed its view that downside factors remained due to policy developments in other countries and geopolitical risks. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, the Japanese economy remained on a path of gradual recovery, supported in part by government economic measures, with improvements in corporate earnings and a recovery in personal consumption.」
While the economy was described as being on a path of gradual recovery, the disclosure stated that there had been no material change in business and other risks, including uncertainty in overseas economies. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, the Japanese economy remained on a path of gradual recovery. Although downside risks remained due to uncertainty in overseas economies and volatility in the financial and capital markets, continued improvement in corporate earnings led to further improvement in employment and income conditions.」
The Company reconfirmed its view that downside risks remained due to uncertainty in overseas economies and volatility in the financial and capital markets. - FY2017RestatedAnnual report
「At the same time, overseas economies remained uncertain, due to the issue of the United Kingdom's withdrawal from the EU and the impact of downside risks in emerging Asian economies.」
Uncertainty in overseas economies and the outlook persists. - FY2017-Q3RestatedAnnual report
「At the same time, uncertainty in overseas economies continued to increase, including due to the issue of the United Kingdom's withdrawal from the EU and the impact of the U.S. presidential election, leaving the outlook uncertain.」
The disclosure cited the impact of the U.S. presidential election in addition to the United Kingdom's withdrawal from the EU, and explained that uncertainty in overseas economies and the outlook continued. It stated that there had been no material change in the business and other risks themselves. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter of the fiscal year, the Japanese economy remained on a path of gradual recovery, supported in part by the effects of various government economic stimulus measures, although concerns about downside risks in China and other emerging Asian economies, as well as the issue of the United Kingdom's withdrawal from the EU, kept the outlook uncertain.」
Concerns about downside risks in emerging Asian economies such as China and uncertainty over the outlook due to the United Kingdom's withdrawal from the EU persisted. However, the disclosure stated that there had been no material change in business and other risks. - FY2017-Q1WorsenedAnnual report
「At the same time, uncertainty about the economic outlook increased due to heightened uncertainty in overseas economies, including the issue of the United Kingdom's withdrawal from the EU, and volatility in the financial and capital markets.」
The disclosure described growing uncertainty in overseas economies and the outlook, citing the United Kingdom's withdrawal from the EU as an example. However, it did not indicate the specific financial impact on the Company. - FY2016First statedAnnual report
「Unexpected changes in laws and regulations or tax systems in those regions, labor disputes such as strikes, terrorism, war, social disruption caused by infectious diseases or natural disasters, a sharp deterioration in economic conditions, and other adverse political or economic factors affecting business activities may affect the financial condition and operating results of the Group.」
External environment risks associated with business activities in Asia, Europe and North America.