Impact of Political Conditions, Natural Disasters and Other Factors Specific to Overseas Operating Regions
First written in FY2016. 3 of 11 entries say "Restated". Latest entry: FY2027-H1.
Rorze moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 37 of 74 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2027-H1Monitoring of the situation in the Middle East and natural disastersAnnual report
「Looking ahead, improvements in the employment and income environment and the effects of various policies are expected to support a gradual recovery, although the impact of the situation in the Middle East and natural disasters will need to be monitored.」
The company newly identifies the impact of the situation in the Middle East and natural disasters as factors to monitor among the uncertain factors relating to overseas conditions and the external environment. - FY2026Export controls and tariff policies explicitly statedAnnual report
「In addition, trade policies centered on the United States, including export controls on advanced semiconductors and equipment bound for China and higher tariff rates, could affect the Group’s business performance.」
Regarding the previous export-control risk, the company explicitly specified trade policies such as higher tariff rates in addition to export controls on advanced semiconductors and equipment bound for China. - FY2026-H1Impact of U.S. trade policyAnnual report
「During the interim consolidated accounting period, Japan’s economy recovered gradually, but the outlook remained uncertain because of the continued rise in prices and the impact of US trade policy.」
Regarding the political and trade environment related to overseas operations, the impact of US trade policy was newly identified as a source of uncertainty. - FY2024-Q2RestatedAnnual report
「Uncertainty about the outlook continued because of monetary tightening by central banks worldwide in response to global inflationary pressure, concerns about the outlook for the Chinese economy, tighter US-China semiconductor export controls and other factors.」
The company continues to describe uncertainty in its overseas business caused by tighter US-China semiconductor export controls, as in the previous quarter. - FY2024-Q1WorsenedAnnual report
「The outlook remains uncertain because of monetary tightening by central banks worldwide in response to global inflationary pressure, the impact of tighter US-China semiconductor export controls and other factors.」
Regarding political and institutional risks specific to overseas operating regions, the impact of tighter US-China semiconductor export controls was explicitly stated, giving concrete form to the previous export-control risk. - FY2023WorsenedAnnual report
「In the short term, uncertainty remains over sales to Chinese customers because of the impact of tighter export controls on advanced semiconductor manufacturing equipment by countries worldwide.」
Regarding political and institutional risks specific to overseas regions, the company specified tighter export controls on advanced semiconductor manufacturing equipment and their impact on sales in China. - FY2023-Q1MaterialisedAnnual report
「The outlook remains uncertain as factors driving higher prices, including resource shortages affected by the situation involving Russia and Ukraine and the impact of yen depreciation, have combined.」
In connection with overseas political and geopolitical conditions, resource shortages affected by the situation involving Russia and Ukraine and factors driving higher prices were described as part of the actual economic environment. - FY2020-Q2MaterialisedAnnual report
「The outlook remains uncertain, including because tensions have arisen between Japan and South Korea over export controls.」
The company describes the actual emergence of tensions between Japan and South Korea over export controls in connection with political and institutional risks specific to overseas operating regions. - FY2019RestatedAnnual report
「If affected by the economic conditions of individual countries, changes in political circumstances, tighter import and export controls, revisions to laws and accounting systems, or force majeure events such as disasters and war, the Group’s business performance and financial position could be affected.」
The company continues to disclose economic, political, import and export control, institutional, disaster and other risks specific to overseas operating regions. - FY2018RestatedAnnual report
「If affected by changes in political circumstances, revisions to laws and accounting systems, or force majeure events such as disasters and war」
The company continues to recognize political, institutional, disaster and other risks specific to overseas operating regions as regional risks. - FY2016First statedAnnual report
「If the Group is affected by changes in political circumstances, differences in religion and culture, revisions to laws and accounting systems, or force majeure events such as disasters, war, terrorism and infectious diseases, its business performance and financial position could be affected.」
Political, institutional, social and natural-disaster risks specific to each overseas region are listed.