Risk of Political, Legal and Economic Changes at Overseas Bases
First written in FY2016. 24 of 36 entries say "Worsened", first in FY2017-Q1. Latest entry: 2026-10-30.
The whole theme swung hardest in 2025: 48 of 96 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「The Group's policy is to establish operations in overseas regions where demand from and future growth in the plastic molding and processing industry are expected, and it is working to strengthen production bases in East and Southeast Asia and sales and service bases in East and Southeast Asia and North and Central America. In the fiscal year ending March 2026, overseas sales accounted for 40.1% of total sales, with East Asia, particularly China and Taiwan, becoming increasingly important.」
The overseas sales ratio was 40.1%, continuing to indicate the importance of East Asia and exposure to political, legal and economic volatility risks at overseas bases. The company also explicitly identified the risk of a prolonged downturn in the Chinese economy and geopolitical risks. - FY2026-H1WorsenedAnnual report
「During the current interim consolidated accounting period, the global economy remained unstable due to uncertainty surrounding US tariff policies and the slowdown in the Chinese economy, among other factors, and concerns also remain about downside risks to economic activity.」
In the overseas business environment, uncertainty surrounding US tariff policies and downside risks to economic activity were explicitly identified as new sources of uncertainty in addition to the slowdown in the Chinese economy. - FY2025WorsenedAnnual report
「Looking ahead, uncertainty surrounding the global economy has increased due to concerns about a slowdown in the Chinese economy and US tariff policies, among other factors.」
In addition to the slowdown in the Chinese economy, concerns about US tariff policies were explicitly identified as a new source of uncertainty in the overseas business environment. - FY2024Lower overseas sales ratio, but East Asia remains important and regional risks continueAnnual report
「In 2024, overseas sales accounted for 37.1% of total revenue, with East Asia, including China and Taiwan, becoming increasingly important. However, unforeseen events in these overseas regions, including political unrest, unilateral legal amendments, changes in economic conditions and religious issues, could adversely affect our Group's production and sales activities.」
The overseas sales ratio declined from 39.7% in the previous fiscal year to 37.1%, while the importance of East Asia and the risks of political, legal and economic changes in overseas regions continue to be disclosed. - FY2024-Q3WorsenedAnnual report
「During the first nine months of the current fiscal year, economic normalization from the COVID-19 pandemic progressed, but uncertainty about the outlook intensified against a backdrop of the prolonged situation in Ukraine, persistently high resource prices, high inflation and prolonged monetary tightening.」
The company stated that uncertainty about the outlook for the overseas business environment had intensified owing to the prolonged situation in Ukraine, persistently high resource prices, high inflation and prolonged monetary tightening. - FY2024-Q2WorsenedAnnual report
「During the first six months of the current fiscal year, the global economy remained unstable against a backdrop of prolonged conditions in Ukraine, persistently high resource prices and prolonged monetary tightening, even as economic normalization from the COVID-19 pandemic progressed.」
The company stated that instability in the overseas business environment continued owing to the prolonged situation in Ukraine, persistently high resource prices and prolonged monetary tightening, with worsening conditions in the Middle East also identified later. - FY2023Lower overseas sales ratio, but East Asia remains importantAnnual report
「In 2023, overseas sales accounted for 39.7% of total revenue, with East Asia, including China and Taiwan, becoming increasingly important. However, unforeseen events in these overseas regions, including political unrest, unilateral legal amendments, changes in economic conditions and religious issues, could adversely affect our Group's production and sales activities.」
Although the overseas sales ratio declined from 45.5% in the previous fiscal year to 39.7%, the company continues to describe the importance of East Asia and the political, legal and economic volatility risks in overseas regions. - FY2023-Q2WorsenedAnnual report
「During the first six months of the current fiscal year, economic activity continued to normalize as major countries other than China shifted toward living with COVID-19. However, uncertainty about the outlook intensified further amid heightened geopolitical risks, including the prolonged situation in Ukraine and the continuation of China's strict zero-COVID policy, as well as soaring resource prices and accelerated monetary tightening driven by a sharp rise in inflation in Europe and the United States.」
The company specifically identified the prolonged situation in Ukraine, China's strict zero-COVID policy, soaring resource prices, and sharply higher inflation and monetary tightening in Europe and the United States as new uncertainty factors affecting the overseas business environment. - FY2023-Q1WorsenedAnnual report
「During the first quarter of the current fiscal year, economic activity was normalizing as major countries other than China shifted toward living with COVID-19. However, uncertainty about the outlook intensified further amid heightened geopolitical risks, including the prolonged situation in Ukraine and the continuation of China's strict zero-COVID policy, as well as soaring resource prices and ongoing monetary tightening in the United States.」
The company specifically identified the prolonged situation in Ukraine, China's zero-COVID policy, soaring resource prices and monetary tightening in the United States as new uncertainty factors affecting the overseas business environment. - FY2022WorsenedAnnual report
「In 2022, overseas sales accounted for 45.5% of total revenue, with East Asia, including China and Taiwan, becoming increasingly important. However, unforeseen events in these overseas regions, including political unrest, unilateral legal amendments, changes in economic conditions and religious issues, could adversely affect our Group's production and sales activities.」
The overseas sales ratio rose from 36.7% to 45.5%. Exposure to overseas operations coexisted with downward pressures, including China's zero-COVID policy, the Shanghai lockdown and geopolitical tensions. - FY2022-Q3Recovery trend coexists with region-specific downward pressuresAnnual report
「In East Asia, although the economy was weighed down by prolonged US-China trade friction and China's strict zero-COVID policy, economic activity continued to recover. Revenue increased by ¥1,201 million year on year, or 34.4%, to ¥4,695 million, driven by higher orders, mainly for LIB-related products and from the electronics industry.」
In the overseas business environment, downward pressures from US-China trade friction and China's strict zero-COVID policy remained, while economic activity and revenue in East Asia showed signs of recovery. - FY2022-Q2WorsenedAnnual report
「Although COVID-19 infections were trending downward and restrictions on movement were being eased, uncertainty about the outlook for the global economy continued owing to an economic slowdown in China caused by its property debt problems and power shortages, as well as the global semiconductor shortage.」
Although infection conditions and movement restrictions improved in some regions, the company specifically identified China's economic slowdown caused by property debt problems and power shortages, and the global semiconductor shortage, as new uncertainty factors. - FY2021Lower overseas sales ratio and continued regional impactAnnual report
「In 2021, overseas sales accounted for 36.7% of total revenue, with East Asia, including China and Taiwan, becoming increasingly important. However, unforeseen events in these overseas regions, including political unrest, unilateral legal amendments, changes in economic conditions and religious issues, could adversely affect our Group's production and sales activities.」
The overseas sales ratio declined from 40.3% in the previous fiscal year to 36.7%, while the company continued to indicate the importance of East Asia and the political, legal and economic volatility risks in overseas regions. - FY2021-Q3WorsenedAnnual report
「During the first nine months of the current fiscal year, the global economy deteriorated sharply owing to the worldwide spread of COVID-19. Although some developed countries showed signs of gradually reopening their economies, conditions remained difficult as infections resurged in various countries.」
The company stated that difficult conditions had continued in the global economy affecting its overseas bases owing to resurgent infections in various countries. - FY2021-Q2WorsenedAnnual report
「During the first six months of the current fiscal year, the global economy deteriorated sharply owing to the worldwide spread of COVID-19. Although some developed countries showed signs of gradually reopening their economies, conditions remained sluggish.」
The company stated that the global economy affecting its overseas bases had deteriorated sharply owing to the spread of COVID-19 and remained sluggish. - FY2021-Q1WorsenedAnnual report
「In East Asia, revenue declined by ¥780 million year on year, or 40.0%, to ¥1,169 million, owing largely to the impact of prolonged US-China trade friction and restrictions on economic activity in China associated with the spread of COVID-19.」
In East Asia, where the Group has overseas bases, the impact of US-China trade friction and restrictions on economic activity caused by COVID-19 materialized as a 40.0% decline in revenue. - FY2020Lower overseas sales ratio and additional infectious-disease factorsAnnual report
「In 2020, overseas sales accounted for 40.3% of total revenue, with East Asia, including China and Taiwan, becoming increasingly important. However, unforeseen events in these overseas regions, including political unrest, unilateral legal amendments, changes in economic conditions and religious issues, could adversely affect our Group's production and sales activities.」
The overseas sales ratio declined from 46.1% in the previous fiscal year to 40.3%, while the company continued to indicate the importance of East Asia and added uncertainty factors affecting overseas economies, including COVID-19. - FY2020-Q2WorsenedAnnual report
「During the first six months of the current fiscal year, the outlook for the global economy remained uncertain owing to the prolonged US-China trade friction, political conditions in the Middle East, and the UK's withdrawal from the EU. Although economic growth rates in emerging economies, including China, remained higher than those in developed economies, the pace of expansion had slowed.」
The company continues to describe uncertainty in overseas economies, including the prolonged US-China trade friction, political conditions in the Middle East, the UK's withdrawal from the EU, and slower growth in China and other emerging economies. - FY2020-Q1WorsenedAnnual report
「During the first quarter of the current fiscal year, the outlook for the global economy remained uncertain owing to the prolonged US-China trade friction, political conditions in Europe, and the UK's withdrawal from the EU. Although economic growth rates in emerging economies, including China, remained higher than those in developed economies, the pace of expansion was moderate, and signs of an economic slowdown intensified in Asian countries and Europe owing to the impact of the US-China trade war and other factors.」
The company stated that the prolonged US-China trade friction, political conditions in Europe, the UK's withdrawal from the EU, and slower growth in China and other emerging economies had been accompanied by stronger signs of an economic slowdown in Asian countries and Europe. - FY2019WorsenedAnnual report
「Our Group's policy is to establish bases in overseas regions where demand from and future prospects for the plastic molding and processing industry are expected to be strong, and it is working to strengthen production bases in East Asia and Southeast Asia, as well as sales and service bases in East Asia, Southeast Asia and North and Central America. In 2019, overseas sales accounted for 46.1% of total revenue, with East Asia, including China and Taiwan, becoming increasingly important. However, unforeseen events in these overseas regions, including political unrest, unilateral legal amendments, changes in economic conditions and religious issues, could adversely affect our Group's production and sales activities.」
The overseas sales ratio rose from 43.8% in the previous fiscal year to 46.1%, and the company continues to indicate the increasing importance of East Asia and its risk exposure associated with expanding overseas bases. - FY2019-Q3RestatedAnnual report
「Although the global economy as a whole was on a moderate recovery trend, the outlook remained uncertain owing to trade friction associated with US isolationism, the UK's withdrawal from the EU, slower growth in emerging economies such as China, and geopolitical risks in the Middle East and on the Korean Peninsula. The Japanese economy was also exposed to concerns about the impact of disruptions in the global economy and sharp fluctuations in foreign exchange rates and stock prices.」
The company continues to describe uncertainty in overseas economies, including US trade friction, the UK's withdrawal from the EU, slower growth in China and other emerging economies, geopolitical risks, and foreign exchange and stock price fluctuations. - FY2019-Q2RestatedAnnual report
「Although the global economy as a whole was on a moderate recovery trend, the outlook remained uncertain owing to trade friction associated with US isolationism, the UK's withdrawal from the EU, slower growth in emerging economies such as China, and geopolitical risks in the Middle East and on the Korean Peninsula.」
The company continues to describe uncertainty in overseas economies, including US trade friction, the UK's withdrawal from the EU, slower growth in China and other emerging economies, and geopolitical risks. - FY2019-Q1WorsenedAnnual report
「Although the global economy was recovering moderately, it was uncertain owing to geopolitical risks in the Middle East and on the Korean Peninsula. In developed economies, concerns about the outlook included trade friction associated with US isolationism and the UK's withdrawal from the EU.」
The company newly identified trade friction associated with US isolationism as an uncertainty factor affecting overseas economies. - FY2018WorsenedAnnual report
「Our Group's policy is to establish bases in overseas regions where demand from and future prospects for the plastic molding and processing industry are expected to be strong, and it is working to strengthen production bases in East Asia and Southeast Asia, as well as sales and service bases in East Asia, Southeast Asia and North and Central America. In the fiscal year ended March 2018, overseas sales accounted for 43.8% of total revenue, with East Asia, including China and Taiwan, becoming increasingly important. However, unforeseen events in these overseas regions, including political unrest, unilateral legal amendments, changes in economic conditions and religious issues, could adversely affect our Group's production and sales activities.」
Overseas sales rose to 43.8% of revenue from 40.2% in the previous fiscal year. The company explicitly identified the increasing importance of East Asia and regional risks associated with expanding its overseas bases. - FY2018-Q3RestatedAnnual report
「Although the global economy was recovering moderately, it remained unstable owing to geopolitical risks such as terrorism and conflict in the Middle East and on the Korean Peninsula. In developed economies, concerns about the outlook included the impact of US isolationism and the UK's withdrawal from the EU. Meanwhile, although economic growth rates in emerging economies, including China, remained higher than those in developed economies, the pace of expansion slowed.」
The company continues to describe uncertainty in overseas economies, including geopolitical risks in the Middle East and on the Korean Peninsula, US isolationism, the UK's withdrawal from the EU, and slower growth in China and elsewhere. - FY2018-Q2RestatedAnnual report
「Although the global economy was on a moderate recovery trend, it was uncertain owing to geopolitical risks such as terrorism and conflict in the Middle East and on the Korean Peninsula. In developed economies, concerns about the outlook included the impact of US isolationism and the UK's withdrawal from the EU. Meanwhile, although economic growth rates in emerging economies, including China, remained higher than those in developed economies, the pace of expansion slowed.」
The company continues to describe uncertainty in overseas economies, including geopolitical risks in the Middle East and on the Korean Peninsula, US isolationism, the UK's withdrawal from the EU, and slower growth in China and elsewhere. - FY2018-Q1WorsenedAnnual report
「Although the global economy was on a moderate recovery trend, it was uncertain owing to geopolitical risks such as terrorism and conflict in the Middle East and on the Korean Peninsula. In developed economies, concerns about the outlook included the impact of US isolationism and the UK's withdrawal from the EU. Meanwhile, although economic growth rates in emerging economies, including China, remained higher than those in developed economies, the pace of expansion slowed.」
The company specifically described geopolitical risks in the Middle East and on the Korean Peninsula, US isolationism, the UK's withdrawal from the EU, and slower growth in China and elsewhere as uncertainty factors affecting overseas economies. - FY2017RestatedAnnual report
「In the fiscal year ended March 2017, overseas sales accounted for 40.2% of total revenue. To address user needs, our Group is strengthening production bases in East Asia and Southeast Asia, as well as sales and service bases in East Asia, Southeast Asia and North and Central America. However, unforeseen events in these regions, including political unrest, unilateral legal amendments, changes in economic conditions and religious issues, could adversely affect our Group's production and sales activities.」
The company continues to disclose overseas sales of 40.2% of revenue and the political, legal and economic volatility risks associated with strengthening its overseas bases. - FY2017-Q3WorsenedAnnual report
「Although the global economy was on a moderate recovery trend, it was uncertain owing to geopolitical risks such as terrorism and conflict. In developed economies, concerns about the outlook included the impact of the inauguration of a new US administration and the UK's withdrawal from the EU. Meanwhile, although economic growth rates in emerging economies, including China, remained higher than those in developed economies, the pace of expansion slowed further.」
The company identified the impact of the inauguration of a new US administration, in addition to geopolitical risks, the UK's withdrawal from the EU, and slower growth in China and elsewhere, as specific uncertainty factors affecting overseas economies. - FY2017-Q2RestatedAnnual report
「Although the global economy was on a moderate recovery trend, it was becoming increasingly uncertain owing to geopolitical risks such as terrorism and conflict. In developed economies, concerns about the outlook included the impact of higher interest rates in the United States and the UK's withdrawal from the EU. Meanwhile, although economic growth rates in emerging economies, including China, remained higher than those in developed economies, the pace of expansion slowed further.」
The company continues to describe uncertainty in overseas economies, including geopolitical risks, the UK's withdrawal from the EU, higher interest rates in the United States, and slower growth in China and elsewhere. - FY2017-Q1WorsenedAnnual report
「Although the global economy was on a moderate recovery trend, it was becoming increasingly uncertain owing to geopolitical risks such as terrorism and conflict. In developed economies, concerns about the outlook included the UK's withdrawal from the EU and the impact of higher interest rates in the United States. Meanwhile, although economic growth rates in emerging economies, including China, remained higher than those in developed economies, the pace of expansion slowed further.」
The existing risks related to overseas political, legal and economic volatility have materialized as specific uncertainty factors, including geopolitical risks, the UK's withdrawal from the EU, higher interest rates in the United States, and slower growth in China and elsewhere. - FY2016First statedAnnual report
「In the fiscal year ended March 2016, overseas sales accounted for 44.0% of total revenue. To address user needs, our Group is strengthening production bases in East Asia and Southeast Asia, as well as sales and service bases in East Asia, Southeast Asia and North America. However, unforeseen events in these regions, including political unrest, unilateral legal amendments, changes in economic conditions and religious issues, could adversely affect our Group's production and sales activities.」
The company reported that overseas sales accounted for 44.0% of revenue and described regional risks associated with expanding its overseas bases.