Country Risk Associated with Overseas Expansion
First written in FY2016. 21 of 29 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 47 of 94 companies on the "Worse" side.
- FY2026MaterialisedAnnual report
「During the current consolidated fiscal year, the materialization of the risk continued in the form of Russia’s invasion of Ukraine, the conflict in the Middle East and the resulting inability to navigate the Strait of Hormuz.」
The political and social unrest risks associated with overseas operations continued to materialize in the form of the ongoing invasion of Ukraine, conflict in the Middle East and the inability to navigate the Strait of Hormuz. It explains that each facility continued normal operations and that abundant inventory also proved effective in preventing major disruptions to product supplies. - 2026-05-14RestatedRevision of earnings forecasts
「In FY2027, we expect uncertainty to persist due to geopolitical risks, including the situation in the Middle East, US policy developments, and the effects of exchange-rate movements.」
The company stated that uncertain factors, including the situation in the Middle East, US policy developments, and exchange-rate movements, are expected to persist. - FY2026-H1RestatedAnnual report
「During the current interim consolidated fiscal year, no new business or other risks arose. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It explains that there were no new developments or material changes in existing business and other risks, including country risk associated with overseas operations. - FY2025MaterialisedAnnual report
「During the current consolidated fiscal year, the materialization of the risk continued in the form of Russia’s invasion of Ukraine, the conflict in the Middle East and the resulting inability to navigate the Suez Canal.」
The political and social unrest risks associated with overseas operations continued to materialize in the form of the ongoing invasion of Ukraine, conflict in the Middle East and the inability to navigate the Suez Canal. Although maritime transport times and logistics costs were affected, it explains that each facility continued normal operations and that there were no major disruptions to product supplies. - FY2025-H1RestatedAnnual report
「During the current interim consolidated fiscal year, no new business or other risks arose. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It explains that there were no new developments or material changes in existing business and other risks, including country risk associated with overseas operations. - FY2024MaterialisedAnnual report
「During the current consolidated fiscal year, the risk materialized in the form of the continuation of Russia’s invasion of Ukraine, the outbreak of conflict in the Middle East and the resulting inability to navigate the Suez Canal.」
The political and social unrest risks associated with overseas operations materialized in the form of the continuation of the invasion of Ukraine, conflict in the Middle East and the inability to navigate the Suez Canal. Although maritime transport times and logistics costs were affected, it explains that each facility continued normal operations and that there were no major disruptions to product supplies. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, no new business or other risks arose. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It explains that there were no new developments or material changes in existing business and other risks, including country risk associated with overseas operations. - FY2024-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, no new business or other risks arose. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It explains that there were no new developments or material changes in existing business and other risks, including country risk associated with overseas operations. - FY2023MaterialisedAnnual report
「During the current consolidated fiscal year, the risk materialized in the form of disruption caused by changes to the Chinese government’s COVID-19 measures and the continuation of Russia’s invasion of Ukraine.」
The political and social unrest risks associated with overseas operations materialized in the form of disruption caused by changes to infection-control measures in China and the continuation of Russia’s invasion of Ukraine. It explains that the Chinese production facilities continued operating and that inventory strategies also proved effective, preventing major disruptions to product supplies. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, no new business or other risks arose. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It explains that there were no new developments or material changes in existing business and other risks, including country risk associated with overseas operations. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, no new business or other risks arose. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It explains that there were no new developments or material changes in existing risks associated with overseas operations, including China’s economic stagnation and Russia’s military invasion. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, no new business or other risks arose. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It explains that there were no new developments or material changes in existing risks, including country risk associated with overseas operations. - FY2022MaterialisedAnnual report
「During the current consolidated fiscal year, the risk materialized in the form of large-scale lockdowns implemented by the Chinese government as a measure against COVID-19 and Russia’s invasion of Ukraine.」
The previously identified political and social unrest risks associated with overseas operations actually materialized in the form of China’s large-scale lockdowns and Russia’s invasion of Ukraine. It explains that the Chinese production facilities continued normal operations and that there were no major disruptions to product supplies. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, no new business or other risks arose. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It explains that there were no new developments or material changes in existing business and other risks, including country risk associated with overseas operations. - FY2021WorsenedAnnual report
「The possibility of this risk materializing had previously been assumed to be approximately once every 10 to 20 years, but uncertainty has increased amid the current situation, in which economic and security tensions between the United States and China are intensifying.」
It explains that uncertainty surrounding country risk associated with overseas operations increased as tensions between the United States and China intensified. The risk did materialize in the form of COVID-19, but its impact was limited, and there were no major disruptions to product supplies due to the normal operation of production facilities and inventory levels. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, no new business or other risks arose. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It explains that there were no new developments or material changes in existing business and other risks, including country risk associated with overseas operations. - FY2021-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, no new business or other risks arose. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It explains that there were no new developments or material changes in existing business and other risks, including country risk associated with overseas operations. - FY2020MaterialisedAnnual report
「During the current consolidated fiscal year, the risk partially materialized in the fourth quarter in the form of the global spread of COVID-19, but its impact remained limited.」
The infectious disease and social unrest risks associated with overseas operations partially materialized in the fourth quarter in the form of the spread of COVID-19. It explains that the Chinese production facility began operating in early February 2020 and that changes to working arrangements in Japan and the maintenance of inventory prevented disruptions to product supplies. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, no new business or other risks arose. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It explains that there were no material changes to existing business and other risks, including country risk associated with overseas operations. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, no new business or other risks arose. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It explains that there were no material changes to existing business and other risks, including country risk associated with overseas operations. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, no new business or other risks arose. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It explains that there were no material changes to existing business and other risks, including country risk associated with overseas operations. - FY2019RestatedAnnual report
「In China and other countries, the following unforeseen events may occur: ① sudden changes in political systems and economic conditions; ② sudden changes in laws, tax systems, foreign-exchange policies and regulations governing imports and exports; ③ sudden changes in labour conditions, including labour shortages, soaring personnel expenses and major labour disputes; ④ unstable energy supplies resulting from inadequate social infrastructure; and ⑤ social disruption caused by terrorism, war, riots, natural disasters and the spread of infectious diseases.」
It continues to list the political, economic, regulatory, labor, infrastructure and social unrest risks associated with overseas operations. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, no new business or other risks arose. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It explains that there were no new business or other risks and no material changes to existing risks, including country risk associated with overseas operations. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, no new business or other risks arose. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It explains that there were no new business or other risks and no material changes to existing risks, including country risk associated with overseas operations. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, no new business or other risks arose. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It explains that there were no new business or other risks and no material changes to existing risks, including country risk associated with overseas operations. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, no new business or other risks arose. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It explains that there were no new business or other risks and no material changes to existing risks, including those associated with overseas operations, described for the previous fiscal year. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, no new business or other risks arose. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It explains that there were no new business or other risks and no material changes to existing risks, including those associated with overseas operations, described for the previous fiscal year. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year (1 April to 30 June 2017), the global economy generally remained firm, although concerns persisted over the impact of protectionist trade policies and geopolitical risks.」
Concerns have been expressed regarding protectionist trade policies and geopolitical risks. At the same time, it is stated that there were no new business or other risks during the quarter and no material changes to the risks described for the previous fiscal year. - FY2016First statedAnnual report
「In China and other countries, the following unforeseen events may occur: ① sudden changes in political systems and economic conditions; ② sudden changes in laws, tax systems, foreign-exchange policies and regulations governing imports and exports; ③ sudden changes in labour conditions, including labour shortages, soaring personnel expenses and major labour disputes; ④ unstable energy supplies resulting from inadequate social infrastructure; and ⑤ social disruption caused by terrorism, war, riots, natural disasters and the spread of infectious diseases.」
It lists the political, economic, regulatory, labor, infrastructure and social unrest risks associated with conducting R&D, materials procurement, production and sales in regions around the world.