Dependence on Overseas Sales and Production, and Political, Economic and Regulatory Changes
First written in FY2016. 4 of 10 entries say "Softened", first in FY2019. Latest entry: 2026-05-25.
Nissei Asb Machine moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).
The whole theme swung hardest in 2017: 3 of 10 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- 2026-05-25MitigatedEarnings presentation
「Maintaining a “50% Europe and North America: 50% Asia” sales mix for many years」
Although reliance on overseas markets continues, the regional sales mix that limits concentration in any particular region was presented as a diversification feature. - FY2025Approximately 90% Overseas Dependence; Regional Diversification Policy StatedAnnual report
「Overseas sales account for approximately 90%. At the same time, production in India, in addition to Japan, is on an expansionary trend, and the business currently has a high overall level of dependence on overseas operations.」
The overseas sales ratio was presented as approximately 90%, rather than as a specific decimal figure, indicating that the high level of overseas dependence remained, while a structure for limiting dependence on specific regions was described. - FY2023SoftenedAnnual report
「Overseas sales account for 87.0%. At the same time, production in India, in addition to Japan, is on an expansionary trend, and the business currently has a high overall level of dependence on overseas operations.」
The overseas sales ratio declined from 89.6% in the previous fiscal year to 87.0%, but it was explained that dependence on overseas markets and production remained high. - FY2022SoftenedAnnual report
「Overseas sales account for 89.6%. At the same time, production in India, in addition to Japan, is on an expansionary trend, and the business currently has a high overall level of dependence on overseas operations.」
The overseas sales ratio declined from 89.8% in the previous fiscal year to 89.6%, but it was explained that dependence on overseas markets and production remained high. - FY2021WorsenedAnnual report
「The Group provides products and services in markets around the world, and overseas sales account for 89.8%. At the same time, production in India, in addition to Japan, is on an expansionary trend, and the business currently has a high overall level of dependence on overseas operations.」
The overseas sales ratio rose from 88.3% in the previous fiscal year to 89.8%, again showing a numerical increase in the high level of overseas dependence. - FY2020SoftenedAnnual report
「The Group provides products and services in markets around the world, and overseas sales account for 88.3%. At the same time, production in India, in addition to Japan, is on an expansionary trend, and the business currently has a high overall level of dependence on overseas operations.」
The overseas sales ratio declined from 90.2% in the previous fiscal year to 88.3%, but it was explained that dependence on overseas markets and production remained high. - FY2019SoftenedAnnual report
「The Group provides products and services in markets around the world, and overseas sales account for 90.2%. At the same time, production in India, in addition to Japan, is on an expansionary trend, and the business currently has a high overall level of dependence on overseas operations.」
The overseas sales ratio declined from 91.8% in the previous fiscal year to 90.2%, but it was explained that dependence on overseas markets and production remained high. - FY2018WorsenedAnnual report
「Overseas sales account for 91.8%. At the same time, production in India, in addition to Japan, is on an expansionary trend, and the business currently has a high overall level of dependence on overseas operations.」
The overseas sales ratio rose from 90.9% in the previous fiscal year to 91.8%, indicating a further increase in the numerical measure of dependence on overseas markets and production. - FY2017WorsenedAnnual report
「Overseas sales account for 90.9%. At the same time, production in India, in addition to Japan, is on an expansionary trend, and the business currently has a high overall level of dependence on overseas operations.」
The overseas sales ratio rose from 89.1% in the previous fiscal year to 90.9%, further quantifying the high degree of dependence on overseas markets and production. - FY2016First statedAnnual report
「The Group provides products and services in markets around the world, and overseas sales account for 89.1%. At the same time, production in India, in addition to Japan, is on an expansionary trend, and the business currently has a high overall level of dependence on overseas operations.」
The 89.1% overseas sales ratio and the high degree of dependence on overseas markets and production were identified as risks.