Political, regulatory and economic risks in the China business
First written in FY2016. 7 of 11 entries say "Restated". Latest entry: 2026-05-15.
Kvk moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).
The whole theme swung hardest in 2022: 9 of 14 companies on the "Worse" side.
4 other companies' latest entry also says "Worsened".
- 2026-05-15WorsenedResults
「イラン情勢をはじめとする中東情勢の緊迫化や米国の通商政策の動向などにより、世界的に先行きの不透明感が一層高まり、原油価格の高騰や原油由来の原料不足など、景気を下押しするリスクが懸念されます。」
従来の地政学的・海外情勢リスクに加え、中東情勢と米国通商政策、原油価格・原料不足への懸念を示し、リスク要因の範囲を広げている。 - FY2025RestatedAnnual report
「The Group also conducts business in China and the Philippines, and changes in laws, regulations and tax systems, political and social disorder caused by terrorism or civil unrest, unforeseen deterioration in economic conditions, accidents during overseas transportation in intergroup transactions, and related delivery delays may adversely affect the Group's operating results and financial position.」
The company continues to identify institutional, political and social, economic and overseas transportation risks in China and the Philippines. - FY2024-Q3WorsenedAnnual report
「During the nine-month period of the current fiscal year, concerns about the outlook remained due to expanded geopolitical risks, including soaring resource and energy prices resulting from the prolonged Russia-Ukraine situation and escalating conflict between Israel and Palestine. In Japan, however, personal consumption and employment and income conditions showed signs of improvement, partly due to the effects of various government policies, and the economy was generally on a gradual recovery trend.」
In addition to the ongoing Russia-Ukraine situation, the company cites escalating conflict between Israel and Palestine, broadening the sources of concern in the business environment as a result of expanded geopolitical risks. - FY2024-Q2RestatedAnnual report
「During the six-month period of the current fiscal year, the economy was gradually recovering, with signs of a rebound in personal consumption and corporate capital investment as economic activity normalized following the reclassification of COVID-19 to Category 5. However, uncertainty remained due to the effects of global monetary tightening, concerns about the outlook for the Chinese economy, and soaring resource, energy and raw material prices resulting from the prolonged Russia-Ukraine situation.」
The company reconfirms concerns about the outlook for the Chinese economy, together with global monetary tightening and soaring resource and energy prices, as sources of uncertainty in the business environment. - FY2022RestatedAnnual report
「The Group also conducts business in China and the Philippines, and changes in laws, regulations and tax systems, political and social disorder caused by terrorism or civil unrest, unforeseen deterioration in economic conditions, accidents during overseas transportation in intergroup transactions, and related delivery delays may adversely affect the Group's operating results and financial position.」
The company continues to identify institutional, political and social, economic and overseas transportation risks associated with its operations in China and the Philippines. - FY2020WorsenedAnnual report
「The Group also conducts business in China and the Philippines, and changes in laws, regulations and tax systems, political and social disorder caused by terrorism or civil unrest, unforeseen deterioration in economic conditions, accidents during overseas transportation in intergroup transactions, and related delivery delays may adversely affect the Group's operating results and financial position.」
The scope has been expanded from risks relating to the China business to overseas operations in China and the Philippines generally, with accidents during overseas transportation and delivery delays added as risk factors. - FY2020-Q3RestatedAnnual report
「During the nine-month period of the current fiscal year, exports to China weakened amid an economic downturn in China resulting from U.S.-China trade friction, and weakness became more pronounced, particularly in manufacturing. However, employment and income conditions improved as a result of various government policies, and the economy gradually recovered.」
The company reconfirms U.S.-China trade friction, China's economic downturn and weaker exports to China as concerns in the business environment. It states that there were no material changes in business and other risks. - FY2020-Q2RestatedAnnual report
「During the six-month period of the current fiscal year, the economy gradually recovered as employment and income conditions continued to improve, but the outlook remained uncertain due to the prolonged U.S.-China trade friction and the slowdown in the Chinese economy.」
The company describes the prolonged U.S.-China trade friction and slowdown in the Chinese economy as sources of uncertainty in the business environment. Meanwhile, it states that there were no material changes in business and other risks. - FY2018RestatedAnnual report
「The Group also conducts business in China, and changes in laws, regulations and tax systems, political and social disorder caused by terrorism, war or civil unrest, and unforeseen deterioration in economic conditions may affect the Group's operating results and financial position.」
The company reiterates the political, regulatory, tax system and economic risks associated with its China business. - FY2017RestatedAnnual report
「The Group also conducts business in China, and changes in laws, regulations and tax systems, political and social disorder caused by terrorism, war or civil unrest, and unforeseen deterioration in economic conditions may affect the Group's operating results and financial position.」
The company reiterates the political, regulatory and economic risks associated with its China business. - FY2016First statedAnnual report
「The Group also conducts business in China, and changes in laws, regulations and tax systems, political and social disorder caused by terrorism, war or civil unrest, and unforeseen deterioration in economic conditions may affect the Group's operating results and financial position.」
In connection with its manufacturing and sales activities in China, the company cites institutional changes, political and social disorder, and economic deterioration.