Sensitivity to the global economy and international politics due to high overseas market exposure
First written in FY2016. 4 of 5 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2017: 3 of 10 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The Group has a high export ratio, and its core textile machinery business relies mainly on markets such as India and China, where various economic reforms are under way to achieve sustainable growth. It is therefore unavoidably subject to significant effects from the global economy, international politics, and economic and financial policy developments in various countries.」
The company continues to describe the structure whereby its export ratio and dependence on sales to China, India and other markets expose it to the global economy, international politics and government policies. - FY2019RestatedAnnual report
「The Group has a high export ratio, and its core textile machinery business relies mainly on markets such as India and China, where various economic reforms are under way to achieve sustainable growth. It is therefore unavoidably subject to significant effects from the global economy, international politics, and economic and financial policy developments in various countries.」
The company continues to describe the structure whereby its export ratio and dependence on sales to China, India and other markets expose it to the global economy, international politics and government policies. - FY2018RestatedAnnual report
「The Group has a high export ratio and is unavoidably affected by the international economy, including foreign exchange fluctuations, as well as the political conditions and economic policies of its trading partner countries. In recent years, it has also had to closely monitor the impact of protectionist policies, particularly those of the United States.」
The company continues to recognize its sensitivity, associated with its high export ratio, to foreign exchange, the international economy, and the political and economic policies of its trading partner countries, and also refers to US protectionist policies. - FY2017RestatedAnnual report
「The Group has a high export ratio and is unavoidably affected by the international economy, including foreign exchange fluctuations, as well as the political conditions and economic policies of its trading partner countries.」
The company continues to describe its exposure, due to its high export ratio, to foreign exchange fluctuations, the international economy, and the political and economic policies of its trading partner countries. - FY2016First statedAnnual report
「The Group operates in an environment in which the high proportion of overseas markets in its sales makes it unavoidably subject to significant effects from the global economy and international politics.」
The company explicitly identified its high dependence on overseas markets and the resulting exposure to the global economy and international politics as a risk.