Regulatory, Political and Business-Practice Risks Associated with Overseas Market Expansion
First written in FY2016. 4 of 10 entries say "Worsened", first in FY2022. Latest entry: 2026-07-29.
The whole theme swung hardest in 2025: 47 of 93 companies on the "Worse" side.
- 2026-07-29WorsenedEarnings presentation
「Uncertainty surrounding the situation has increased, and the impact of related risks on Q2-Q4 has been incorporated into the earnings outlook. We will continue to monitor developments.」
In light of increased uncertainty surrounding the situation in the Middle East, the impact of related risks was incorporated into the earnings outlook from the second quarter onward. - FY2026MaterialisedAnnual report
「(Note) Includes an impact of ¥24.0 billion from U.S. tariffs.」
The impact of U.S. tariffs materialized as a ¥24.0 billion factor reducing fiscal 2025 earnings. Responses including passing on costs through pricing and increasing local procurement ratios were also described. - FY2023WorsenedAnnual report
「・Expansion and increased frequency of conflicts between and within states, and developments in the situation in Ukraine ・Changes in national security and foreign policy ・Strengthening of economic security policies in various countries」
With respect to overseas business risks, changes in national security and foreign policy and the strengthening of economic security policies were explicitly added to conflicts and developments in the situation in Ukraine. - FY2022WorsenedAnnual report
「・Protracted conflict in Ukraine ・Expansion and increased frequency of conflicts between states」
The risks related to regulations, politics and business practices in overseas markets were explicitly expanded to include the protracted conflict in Ukraine and the expansion and increased frequency of conflicts between states. - FY2017RestatedAnnual report
「As a result of these factors, there is no assurance that the Group will achieve the objectives of its overseas growth strategy, and they may adversely affect the Group's growth prospects and business performance.」
Risks related to regulations, politics, business practices, labor relations, sentiment toward Japan and foreign exchange in overseas markets remain. - FY2016First statedAnnual report
「As a result of these factors, there is no assurance that the Group will achieve the objectives of its overseas growth strategy, and they may adversely affect the Group's growth prospects and business performance.」
The risks listed include investment, exports, tariffs, competition, anti-bribery, intellectual property, environmental regulations, business practices, labor relations and sentiment toward Japan.