Geopolitical Risk and Political Instability Overseas
First written in FY2017-Q2. 5 of 11 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2022: 105 of 134 companies on the "Worse" side.
- FY2027-H1RestatedAnnual report
「Although the operating environment for the Company's Group during the interim consolidated accounting period continued to be affected by geopolitical risks, including the situation in the Middle East,」
Consistent with the disclosure that there had been no significant changes in business and other risks, the Company explained that geopolitical risks continued. - FY2026WorsenedAnnual report
「Changes in international relations, including continued tensions between the United States and China, the situation involving Russia and Ukraine, and the expansion of armed conflicts and geopolitical tensions in the Middle East and Asia, as well as resulting social and environmental changes and changes in laws and regulations, may affect business activities.」
The scope of geopolitical risks expanded beyond the situations involving the United States and China, Russia and Ukraine to include armed conflicts in the Middle East and Asia, protectionist measures, export controls and tariffs. - FY2026-H1RestatedAnnual report
「During the six-month consolidated accounting period under review, the Group's operating environment remained generally uncertain due to geopolitical risks and US tariff policies,」
The disclosure states that uncertainty stemming from geopolitical risks and US tariff policies continues. It also states that there have been no significant changes in business and other risks. - FY2025WorsenedAnnual report
「Regarding the impact of US reciprocal tariffs, we will respond after assessing global developments.」
In addition to existing issues involving US-China relations and export controls, the impact of US reciprocal tariffs was identified as an issue to be addressed in FY2025. - FY2024RestatedAnnual report
「In particular, if development, production, logistics or sales activities are restricted by export controls in various countries, restrictions on technology transfers, increases in tariffs or other measures, resulting in disruptions to the supply of products to customers, the Group's business performance and financial condition may be affected.」
Geopolitical risks were specifically reaffirmed in terms of their impact on product supply from the situations involving the United States and China, Russia and Ukraine, as well as export controls, restrictions on technology transfers and tariffs. - FY2023ReframedAnnual report
「The Group has production facilities in 7 countries, mainly Japan and China, and provides products and services to customers every day through sales locations operating in 30 countries globally. Accordingly, changes in international relations, such as those between the United States and China and the situation involving Russia and Ukraine, as well as resulting social and environmental changes and changes in laws and regulations, may affect business activities.」
Geopolitical and political risks that had previously been removed as individual items were reorganized under “geopolitical risks (changes in international relations),” including US-China relations, the situation involving Russia and Ukraine, export controls, restrictions on technology transfers and tariffs. - FY2018DroppedAnnual report
「The following are the principal risks that may affect the Group's business performance, financial condition and other matters.」
The FY2018 list of business and other risks did not include geopolitical risks, such as the situation in the Middle East or uncertainty over political regimes in the United States and Europe, as individual items. - FY2017-Q3MitigatedAnnual report
「As the impact on the global economy that had been feared from the UK's EU withdrawal issue was limited, economies, particularly in developed countries, entered a gradual recovery trend.」
The disclosure stated that the impact of the UK's EU withdrawal issue on the global economy was limited, and that the effects of this geopolitical and political factor were contained. - FY2017-Q2First statedAnnual report
「Meanwhile, in addition to rising global geopolitical risks stemming from instability in the Middle East, there are signs of uncertainty over future political regimes in the United States and Europe, among other regions, increasing the downside risk to overseas economies and making the outlook increasingly uncertain.」
Downside risks to overseas economies stemming from the situation in the Middle East and uncertainty over political regimes in the United States and Europe were newly specified.