Legal, Tax-System and Foreign-Exchange Risks in Overseas Operations
First written in FY2017. 5 of 9 entries say "Worsened", first in FY2019. Latest entry: FY2026.
Okada Aiyon moved to the "Worse" side of this theme in 2019, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 72 of 118 companies on the "Worse" side.
46 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Overseas revenue accounted for 23.4% of the group’s total revenue. The group seeks to prevent and avoid risks affecting overseas operations, including unforeseen laws and regulations and changes in tax systems that have adverse effects, by gathering information within the group and engaging external consultants. However, if these events occur, overseas operations may become difficult to conduct. Overseas operations are also affected by foreign exchange rate trends.」
The overseas revenue ratio rose from 22.5% in the previous fiscal year to 23.4%, increasing exposure to legal and regulatory, tax-system and foreign exchange risks. - FY2025SoftenedAnnual report
「Overseas revenue accounted for 22.5% of the group’s total revenue. The group seeks to prevent and avoid risks affecting overseas operations, including unforeseen laws and regulations and changes in tax systems that have adverse effects, by gathering information within the group and engaging external consultants. However, if these events occur, overseas operations may become difficult to conduct. Overseas operations are also affected by foreign exchange rate trends.」
The overseas revenue ratio declined from 25.3% in the previous fiscal year to 22.5%, reducing the group’s exposure to overseas operations. The disclosures regarding legal and regulatory, tax-system and foreign exchange risks continued. - FY2024WorsenedAnnual report
「Overseas revenue accounted for 25.3% of the group’s total revenue. The group seeks to prevent and avoid risks affecting overseas operations, including unforeseen laws and regulations and changes in tax systems that have adverse effects, by gathering information within the group and engaging external consultants. However, if these events occur, overseas operations may become difficult to conduct. Overseas operations are also affected by foreign exchange rate trends.」
The overseas revenue ratio rose from 20.4% in the previous fiscal year to 25.3%, increasing exposure to legal and regulatory, tax-system and foreign exchange risks. - FY2023WorsenedAnnual report
「Overseas revenue accounted for 20.4% of the group’s total revenue. The group seeks to prevent and avoid risks affecting overseas operations, including unforeseen laws and regulations and changes in tax systems that have adverse effects, by gathering information within the group and engaging external consultants. However, if these events occur, overseas operations may become difficult to conduct.」
The overseas revenue ratio rose to 20.4%, increasing the group’s exposure to legal and regulatory, tax-system and foreign exchange risks in overseas operations. - FY2023-Q3RestatedAnnual report
「Sales of imported large environmental machinery were limited to ¥216.500 million, down 58.8% year on year, due to longer delivery times and higher import prices resulting from the yen's depreciation.」
The yen’s depreciation continues to be reflected in higher import prices and lower revenue from large environmental machinery. - FY2023-Q1WorsenedAnnual report
「Revenue from imported large environmental machinery was ¥78.750 million, down 76.9% year on year, due to longer delivery times and higher import prices resulting from the yen’s depreciation.」
The yen’s depreciation has affected not only the foreign exchange exposure of overseas operations but also the prices of imported goods and revenue from large environmental machinery, which declined. - FY2020SoftenedAnnual report
「Overseas revenue accounted for 16.6% of the group’s total revenue. The group seeks to prevent and avoid risks affecting overseas operations, including unforeseen laws and regulations and changes in tax systems that have adverse effects, by gathering information within the group and engaging external consultants. However, if these events occur, overseas operations may become difficult to conduct.」
The overseas revenue ratio declined from 17.1% previously to 16.6%, while measures to prevent and avoid these risks through information gathering and the engagement of external consultants were also explicitly described. - FY2019WorsenedAnnual report
「Overseas revenue accounted for 17.1% of the group’s total revenue. However, overseas operations may become difficult to conduct due to unforeseen laws and regulations, changes in tax systems that have adverse effects, and other factors. Overseas operations are also affected by foreign exchange rate trends.」
The overseas revenue ratio rose from the previously reported 16.0% to 17.1%, increasing the group’s exposure to overseas operations. The legal and regulatory, tax-system and foreign exchange risks also remain. - FY2017First statedAnnual report
「Overseas revenue accounted for 16.0% of the group’s total revenue. However, overseas operations may become difficult to conduct due to unforeseen laws and regulations, changes in tax systems that have adverse effects, and other factors. Overseas operations are also affected by foreign exchange rate trends.」
After reporting an overseas revenue ratio of 16.0%, the company identifies changes in laws and regulations and tax systems, as well as foreign exchange rates, as risks affecting overseas operations.