Changes in the Economic Environment and Laws and Regulations in Overseas Countries
First written in FY2016. 11 of 24 entries say "Worsened", first in FY2018. Latest entry: 2026-10-05.
The whole theme swung hardest in 2025: 47 of 94 companies on the "Worse" side.
- 2026-10-05OtherEarnings
「Overall, conditions recovered moderately, supported by a recovery in demand for construction machinery, particularly in Europe, the United States and China. However, uncertainty continues due to factors including heightened tensions in the Middle East, U.S. trade policy, rising prices and the prolonged weakness of the Chinese economy.」
While demand in some overseas markets recovered, uncertainty in the overseas business environment due to trade policies, geopolitical conditions, rising prices and the weak Chinese economy continues. - FY2026-H1Recovery in overseas demand is presented alongside uncertainty arising from trade policies and other factors.Annual report
「Overall, conditions recovered moderately, supported by a recovery in demand for construction machinery, particularly in Europe, the United States and China. However, uncertainty continues due to factors including disruption from worsening conditions in the Middle East, U.S. trade policy, rising prices and the prolonged weakness of the Chinese economy.」
While describing a partial recovery in overseas demand, the company continues to identify uncertainty in the overseas business environment resulting from US trade policy, weakness in the Chinese economy, the situation in the Middle East and rising prices. - 2026-04-06RestatedEarnings
「Overall, conditions recovered moderately, supported by a recovery in demand for construction machinery, particularly in Europe, the United States and China. Meanwhile, the outlook remains uncertain due to factors including U.S. trade policy, rising prices, the prolonged weakness of the Chinese economy and heightened tensions in the Middle East.」
Uncertainty surrounding overseas economies, trade policy and geopolitical conditions continues. - FY2025WorsenedAnnual report
「Unexpected changes in economic conditions, trade and foreign policies, and laws and regulations in individual countries and regions may affect the performance and financial condition of our group.」
In addition to the previously cited changes in the economies and laws and regulations of individual countries, the company explicitly identifies changes in trade and foreign policies as risks to its overseas business expansion. - FY2025-H1WorsenedAnnual report
「Business conditions have become more challenging in some areas due to the prolonged weakness of the Chinese and European economies and the impact of US protectionist policies on countries around the world.」
Despite its reliance on overseas sales, the company identifies the prolonged weakness of the Chinese and European economies and the impact of US protectionist policies as factors worsening the overseas business environment. - FY2024-Q2MaterialisedAnnual report
「Sales were ¥11,871.2 million, down 12.2% year on year, due to lower demand in the construction machinery and industrial machinery sectors in China and Europe and production cuts by some domestic automakers. Of this amount, domestic sales were ¥5,831.3 million, down 4.7% year on year, and overseas sales were ¥6,039.9 million, down 18.4%.」
Changes in economic conditions overseas, including China and Europe, have emerged as lower demand, with overseas sales down 18.4% year on year. - FY2024-Q1MaterialisedAnnual report
「At the same time, uncertainty about the outlook remains due to persistently high raw material prices resulting from the prolonged situation in Ukraine, heightened tensions in the Middle East, the impact of monetary tightening in Europe and the United States, and concerns over a downturn in overseas economies resulting from the slowdown in the Chinese economy.」
Concerns over a downturn in overseas economies resulting from the slowdown in the Chinese economy continue, with the actual impact reflected in lower overseas demand and an 19.2% year-on-year decline in overseas sales. - FY2023-Q3Continued recovery and weakness and uncertainty in the overseas business environment are both cited.Annual report
「Although the Chinese economy and some industries, including construction equipment, showed weakness, the overall gradual recovery continued, with automobile production recovering as the impact of production cuts caused by semiconductor shortages eased. At the same time, uncertainty about the outlook remains due to concerns over an economic recession resulting from global inflation, including the prolonged situation in Ukraine and persistently high raw material and energy prices, as well as policy rate increases by countries around the world.」
While weakness remains in the Chinese economy and some industries, along with the situation in Ukraine, inflation and concerns over an economic recession resulting from rate hikes, the company states that a gradual overall recovery is continuing. - FY2023-Q2The easing impact of semiconductor shortages and uncertainty in the overseas business environment are both cited.Annual report
「During the cumulative second quarter period, the business environment surrounding our group continued to recover gradually overall, despite weakness in some regions and industries. At the same time, the impact of automobile production cuts caused by semiconductor shortages is gradually easing, but uncertainty about the outlook remains due to concerns over an economic recession resulting from global inflation, including the prolonged situation in Ukraine and persistently high raw material and energy prices, as well as policy rate increases by countries around the world.」
Uncertainty remains in the economic environment, including overseas markets, due to weakness in some regions and industries, the situation in Ukraine, inflation, and concerns over an economic recession resulting from rate hikes. - FY2023-Q1WorsenedAnnual report
「At the same time, uncertainty about the outlook remains due to the impact of automobile production cuts caused by semiconductor shortages, the prolonged situation in Ukraine, higher raw material and energy prices, and growing concerns over an economic recession resulting from global inflation and policy rate increases by countries around the world.」
Regarding the overseas business environment, prolonged uncertainty over the situation in Ukraine, global inflation, and growing concerns over an economic recession resulting from policy rate increases by countries around the world continue and have become more specific. - FY2022-Q3WorsenedAnnual report
「At the same time, uncertainty about the outlook remains due to the impact of automobile production cuts caused by semiconductor shortages, lockdowns in China implemented as a measure against COVID-19, higher raw material and energy prices resulting from the prolonged situation in Ukraine, and sharp foreign-exchange fluctuations caused by the impact of US policy rate increases.」
Regarding the overseas business environment, lockdowns in China, the prolonged situation in Ukraine, higher raw material and energy prices, and sharp foreign-exchange fluctuations resulting from US rate hikes are cited as specific factors contributing to uncertainty. - FY2022-Q2WorsenedAnnual report
「At the same time, uncertainty about the outlook remains due to the impact of automobile production cuts caused by semiconductor shortages, lockdowns in China implemented as a measure against COVID-19, the prolonged situation in Ukraine, and higher raw material and energy prices resulting from the rapid depreciation of the yen.」
Regarding the overseas business environment, lockdowns in China, the prolonged situation in Ukraine, and higher raw material and energy prices resulting from the yen's depreciation are cited as specific factors contributing to uncertainty. - FY2022-Q1WorsenedAnnual report
「At the same time, uncertainty about the outlook remains due to the resurgence of COVID-19, concerns over a slowdown in the Chinese economy, and higher raw material and energy prices resulting from the worsening situation in Ukraine.」
Regarding the overseas business environment, soaring raw material and energy prices resulting from the situation in Ukraine have been added as a new factor contributing to uncertainty, in addition to concerns over a slowdown in the Chinese economy. - FY2021MitigatedAnnual report
「In response, we are working to develop our business in a balanced manner without overconcentrating on any particular region. We also maintain close cooperation with local operations to obtain information on risks without delay and take appropriate action.」
In response to the risks associated with changes in overseas economic conditions and laws and regulations, the company specifies regional diversification and information gathering and response through cooperation with local operations. - FY2021-Q2RestatedAnnual report
「During the second quarter of the fiscal year, the environment surrounding the Group was generally on a moderate recovery trend, supported by the expansion of the Chinese economy and the recovery of developed economies such as Japan, Europe and the United States. However, the outlook remained uncertain due to concerns over a resurgence of COVID-19, a global semiconductor shortage and the prolonged US-China conflict.」
While describing a recovery trend in overseas economies, the company continues to identify a resurgence of infectious disease, semiconductor shortages and prolonged US-China tensions as factors contributing to uncertainty in the overseas business environment. - FY2021-Q1Recovery trend and factors contributing to uncertainty in overseas economies are both cited.Annual report
「The economy is gradually recovering, supported by continued expansion in China, which recovered quickly from the impact of COVID-19, and signs of recovery in the advanced economies of Japan, Europe and the United States. At the same time, uncertainty about the outlook remains due to the continued risk of a resurgence of COVID-19, concerns over a global semiconductor shortage and the prolonged US-China tensions.」
While describing economic recoveries in China, Japan, Europe and the United States, the company states that uncertainty remains in overseas economies due to a resurgence of COVID-19, semiconductor shortages and prolonged US-China tensions. - FY2020-Q2WorsenedAnnual report
「However, weakness was evident in the domestic automotive and industrial machinery sectors. In addition, borrowings increased by ¥24,306 million as a measure to address the spread of the novel coronavirus, while notes and accounts payable decreased by ¥10,960 million and income taxes payable decreased by ¥806 million.」
The spread of the novel coronavirus slowed the domestic and overseas automotive and industrial machinery sectors, with the impact reflected in lower sales and increased borrowings. - FY2020-Q1WorsenedAnnual report
「However, weakness was evident in the domestic automotive and industrial machinery sectors, while overseas markets, particularly China, also slowed due to the spread of the novel coronavirus. As a result, consolidated net sales for the cumulative first quarter period were ¥56,290 million, down 7.8% year on year.」
Regarding economic conditions in overseas markets, the slowdown in markets centered on China is described in connection with the spread of the novel coronavirus, with the impact reflected in the year-on-year decline in net sales. - FY2019RestatedAnnual report
「Overseas sales account for approximately 50% of consolidated net sales, and we are expanding our sales and production capabilities to grow our business in global markets. Unexpected changes in economic conditions and laws and regulations in individual countries and regions may affect the performance and financial condition of our group.」
The company continues to have exposure of approximately 50% of sales to overseas markets, with changes in economic conditions and laws and regulations in individual countries identified as risks. - FY2019-Q2WorsenedAnnual report
「During the cumulative second quarter period, the business environment surrounding our group deteriorated as the impact of the US-China trade dispute expanded and the global economy, particularly in China, showed increasing signs of slowing.」
Regarding changes in overseas economic conditions, the company specifically describes the expanding impact of the US-China trade dispute and the slowdown in the global economy, particularly in China. - FY2019-Q1WorsenedAnnual report
「During the first quarter of the fiscal year, the environment surrounding the Group became uncertain in Japan as well, as the global economy, particularly China, showed increasing signs of a slowdown due to the impact of US-China trade friction.」
Regarding changes in overseas economic conditions, the company specifically describes a China-led slowdown in the global economy resulting from the US-China trade dispute, in addition to the previously cited general factors contributing to uncertainty. - FY2018WorsenedAnnual report
「The business environment surrounding our group remains uncertain going forward due to fluctuations in economic conditions, including the US-China trade dispute, although demand in the automotive and construction equipment sectors has remained firm recently.」
In addition to general changes in overseas economic conditions and laws and regulations, the US-China trade dispute has newly been identified as a specific factor contributing to uncertainty about the outlook. - FY2017RestatedAnnual report
「Overseas sales account for approximately 50% of consolidated net sales, and we are expanding our sales and production capabilities to grow our business in global markets. Unexpected changes in economic conditions and laws and regulations in individual countries and regions may affect the performance of our group.」
The company continues to have exposure of approximately 50% of sales to overseas markets, with changes in economic conditions and laws and regulations in individual countries identified as risks. - FY2016First statedAnnual report
「Overseas sales account for approximately half of consolidated net sales, and we are expanding our sales and production infrastructure to grow our business. Unexpected changes in economic conditions and regulations in individual countries and regions may affect the Group's business performance.」
Against a backdrop of overseas sales accounting for approximately 50% of total sales, changes in the economic environment and laws and regulations in each country and region are considered risks.