Risks associated with overseas expansion: business practices, foreign exchange and legal systems
First written in FY2016. 4 of 10 entries say "Worsened", first in FY2017. Latest entry: 2026-10-09.
Giken moved to the "Worse" side of this theme in 2026, 7 years after the typical company in this theme (2019).
The whole theme swung hardest in 2025: 72 of 118 companies on the "Worse" side.
23 other companies' latest entry also says "Materialised".
- FY2025RestatedAnnual report
「However, differences in commercial practices across cultures, fluctuations in foreign exchange rates, changes in countries’ legal systems and regulations, including tariffs, and fluctuations in energy and raw material prices attributable to geopolitical risks could affect our Group’s operating results.」
It continues to identify commercial practices, foreign exchange, tariffs and legal and regulatory matters, and geopolitical risk associated with overseas expansion as risks, linking them to fluctuations in energy and raw material prices. - FY2019RestatedAnnual report
「However, differences in commercial practices across cultures, fluctuations in foreign exchange rates, changes in the legal systems and regulations of individual countries, and geopolitical risks could affect our Group’s operating results.」
It continues to explicitly identify commercial practices, foreign exchange, legal and regulatory matters, and geopolitical risk as risks associated with overseas operations. - FY2018RestatedAnnual report
「However, differences in commercial practices across cultures, fluctuations in foreign exchange rates, changes in the legal systems and regulations of individual countries, and geopolitical risks could affect our Group’s operating results.」
It continues to explicitly identify commercial practices, foreign exchange, legal and regulatory matters, and geopolitical risk as risks associated with overseas operations. - FY2017WorsenedAnnual report
「However, differences in commercial practices across cultures, fluctuations in foreign exchange rates, changes in the legal systems and regulations of individual countries, and geopolitical risks could affect our Group’s operating results.」
In addition to commercial practices, foreign exchange, and legal and regulatory matters, it explicitly identifies geopolitical risk as a risk associated with overseas operations. - FY2016First statedAnnual report
「However, differences in commercial practices across cultures, fluctuations in foreign exchange rates, and changes in the legal systems and regulations of individual countries could affect our Group’s operating results.」
It identifies commercial practices, foreign exchange, and changes in legal systems and regulations associated with operations in Europe, Asia, and the United States as risks.