Global Business Risks from Overseas Political and Economic Conditions and Protectionist Trade Policies
First written in FY2020. 4 of 6 entries say "Worsened", first in FY2023. Latest entry: 2026-05-15.
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
- 2026-05-15WorsenedEarnings
「However, it is currently difficult to reasonably estimate the amount of the impact of uncertainties, including developments in U.S. trade policy, heightened geopolitical risks in the Middle East, difficulties in procuring materials caused by supply chain disruptions arising from those risks, surging crude oil prices, and increases in the prices of petroleum-derived raw materials.」
In addition to existing trade policy and geopolitical risks, the Group identifies supply chain disruptions, difficulties in procuring materials, and higher crude oil and petroleum-derived raw material prices as uncertainties that cannot be incorporated into its earnings forecasts. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, the global economy was generally on a gradual recovery path, although uncertainty caused by U.S. trade policy and persistently high interest rates, particularly in Europe and the United States, continued and some regions showed signs of stagnation.」
Regarding the external environment for overseas businesses, the company states that uncertainty caused by U.S. trade policy and high interest rates in Europe and the United States continues, while the global economy as a whole is on a gradual recovery path. - FY2025WorsenedAnnual report
「The Group is actively expanding its business in overseas markets. However, in addition to geopolitical risks, including the impact of changes in the international situation such as wars, conflicts and high additional tariffs, unexpected fluctuations in foreign-exchange rates or interest rates and intellectual-property infringement could affect business performance.」
The company has added wars and conflicts, high additional tariffs and interest-rate fluctuations to overseas business risks, specifying the uncertainties in the geopolitical and trade environments. - FY2025-H1WorsenedAnnual report
「During the current interim consolidated accounting period, the global economy entered a recovery trend, although concerns arose over the impact of heightened geopolitical risks, including escalating tensions in the Middle East, and persistently high interest rates in the United States and Europe.」
Regarding the external environment for overseas businesses, the company identifies heightened geopolitical risks, including escalating tensions in the Middle East, and continued high interest rates in Europe and the United States as concerns. - FY2023WorsenedAnnual report
「The Group is actively expanding its business in overseas markets. However, in addition to geopolitical risks, unexpected foreign-exchange fluctuations, an increase in counterfeit products or infringement of intellectual property rights could affect business performance.」
The risks associated with overseas political and economic conditions have been specified to include geopolitical risks, unexpected foreign-exchange fluctuations, counterfeit products and intellectual-property infringement. - FY2020First statedAnnual report
「The Group operates globally in product sales and maintenance, production and procurement, among other activities. If there are rapid changes in political and economic conditions overseas, an expansion of protectionist trade policies, or foreign-exchange fluctuations beyond expectations, significant problems could arise in production, sales and other activities, potentially affecting business performance.」
The company newly classifies as risks the effects on production and sales activities of overseas political and economic conditions, protectionist trade policies and foreign-exchange fluctuations beyond expectations.