Country Risk Associated with Overseas Expansion
First written in FY2016. 22 of 28 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 47 of 94 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「However, in its overseas business expansion, the Company may be unable to achieve the expected results if it cannot address issues arising from differences in the laws and regulations, political and social conditions, culture and religion, and business practices of each country, which could adversely affect its business performance. In addition to the possibility of further escalating tensions in the Middle East, risks weighing on the global economy, including supply chain disruptions and trade fragmentation, continue to exist. If these circumstances affect the markets for compound semiconductor and electronic component manufacturing equipment in which the Company operates, they could adversely affect its business performance.」
In addition to the country risks associated with its existing overseas expansion, the Company explicitly identified the impact of the Middle East situation, supply chain disruptions and trade fragmentation on its markets and business performance. - FY2026-H1RestatedAnnual report
「During the current interim accounting period, there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company stated that there had been no material change in the previously disclosed business and other risks, including country risk associated with overseas operations. - FY2025WorsenedAnnual report
「However, in expanding our overseas operations, we may be unable to achieve the expected results if we cannot address problems arising from differences in the laws, political and social conditions, culture and religion, and business practices of each country. In such a case, our performance may be adversely affected. In addition, if changes in US tariff policy, the situation in Ukraine or the prolonged confrontation between the United States and China affect the markets for compound semiconductors and electronic component manufacturing equipment in which we operate, our performance may be adversely affected.」
In addition to the existing country risks associated with overseas operations, the company explicitly identified changes in US tariff policy as a factor that could affect the market and performance. - FY2024Added recognition of opportunities to create new markets driven by economic nationalism.Annual report
「Meanwhile, if economic nationalism advances, competition among countries in technology development is expected to intensify further. If research institutions and private-sector companies strengthen their efforts to research next-generation cutting-edge technologies, new markets may be created in the business areas in which we operate.」
In addition to country risks arising from the situation in Ukraine and the confrontation between the United States and China, the company also disclosed the possibility that economic nationalism could lead to intensified technology development competition and the creation of new markets. - FY2024-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company stated that there had been no material change in the previously disclosed business and other risks, including country risk associated with overseas operations. - FY2024-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company stated that there had been no material change in the previously disclosed business and other risks, including country risk associated with overseas operations. - FY2023WorsenedAnnual report
「In addition, if the situation in Ukraine or the prolonged confrontation between the United States and China affects the markets for compound semiconductors and electronic component manufacturing equipment in which we operate, our performance may be adversely affected.」
In addition to the existing country risks, the company explicitly disclosed the impact that the situation in Ukraine and the prolonged confrontation between the United States and China could have on the market and performance. - FY2023-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company stated that there had been no material change in the previously disclosed business and other risks, including country risk associated with overseas operations. - FY2023-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company stated that there had been no material change in the previously disclosed business and other risks, including country risk associated with overseas operations. - FY2023-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company stated that there had been no material change in the previously disclosed business and other risks, including country risk associated with overseas operations. - FY2022-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company stated that there had been no material change in the previously disclosed risks, including country risk associated with overseas operations. - FY2022-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company stated that there had been no material change in the previously disclosed business and other risks, including country risk associated with overseas operations. - FY2021-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company stated that there had been no material change in the previously disclosed business and other risks, including country risk associated with overseas operations. - FY2021-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company stated that there had been no material change in the previously disclosed business and other risks, including country risk associated with overseas operations. - FY2021-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company stated that there had been no material change in the previously disclosed business and other risks, including country risk associated with overseas operations. - FY2020WorsenedAnnual report
「In addition, if US-China trade friction affects the markets for compound semiconductors and electronic component manufacturing equipment in which we operate, our performance may be adversely affected.」
In addition to the existing country risks associated with overseas operations, the company explicitly disclosed the possibility that US-China trade friction could affect the market and performance. - FY2020-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company stated that there had been no material change in the previously disclosed business and other risks, including country risk associated with overseas operations. - FY2020-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company stated that there had been no material change in the previously disclosed business and other risks, including country risk associated with overseas operations. - FY2020-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company stated that there had been no material change in the previously disclosed business and other risks, including country risk associated with overseas operations. - FY2019RestatedAnnual report
「We operate in countries around the world, including North America, Europe, China, Taiwan, South Korea, Southeast Asia and India, and expanding sales in overseas markets will remain an important management priority. However, in expanding our overseas operations, we may be unable to achieve the expected results if we cannot address risks arising from differences in the laws, political and social conditions, culture and religion, and business practices of each country.」
The risks arising from differences in the laws, political and social conditions, culture and business practices of each country associated with overseas operations continued to be disclosed. - FY2019-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company stated that there had been no material change in the previously disclosed business and other risks, including country risk associated with overseas operations. - FY2019-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company stated that there had been no material change in the previously disclosed business and other risks, including country risk associated with overseas operations. - FY2018RestatedAnnual report
「We operate in countries around the world, including North America, Europe, China, Taiwan, South Korea and Southeast Asia, and expanding sales in overseas markets will remain an important management priority. However, in expanding our overseas operations, we may be unable to achieve the expected results if we cannot address risks arising from differences in the laws, political and social conditions, culture and religion, and business practices of each country. In such a case, our performance may be adversely affected.」
The risks arising from differences in the laws, political and social conditions, culture and business practices of each country associated with overseas operations continued to be disclosed. - FY2018-Q3RestatedAnnual report
「During the cumulative third-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company stated that there had been no material change in the previously disclosed business and other risks, including country risk associated with overseas operations. - FY2018-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
The company stated that there had been no material change in the previously disclosed business and other risks, including country risk associated with overseas operations. - FY2017RestatedAnnual report
「We operate in countries around the world, including North America, Europe, China, Taiwan, South Korea and Southeast Asia, and expanding sales in overseas markets will remain an important management priority. However, in expanding our overseas operations, we may be unable to achieve the expected results if we cannot address risks arising from differences in the laws, political and social conditions, culture and religion, and business practices of each country.」
Differences in the laws, political and social conditions, culture and business practices of each country accompanying overseas operations continued to be disclosed as country risk. - FY2017-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
The company stated that there had been no material change in the risks disclosed for the previous fiscal year, including country risk associated with overseas operations. - FY2016First statedAnnual report
「In expanding its overseas operations, the company may be unable to achieve the expected results if it cannot address risks arising from differences in the laws, political and social conditions, culture and religion, and business practices of each country.」
Differences in the laws, political and social conditions, culture and business practices of each country were described as risks accompanying the expansion of overseas operations.