Policy and Rising Wage Risks at Chinese Subsidiary
First written in FY2020. 2 of 6 entries say "Worsened", first in FY2022. Latest entry: FY2026.
Ebrains moved to the "Worse" side of this theme in 2022, 4 years after the typical company in this theme (2018).
The whole theme swung hardest in 2018: 2 of 7 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「Although the Chinese subsidiary accounts for approximately 2.6% of our Group's sales, a low proportion, its utilization is important as a means of reducing costs in Japan and for transactions with customers' local subsidiaries, among other purposes.」
The Chinese subsidiary's share of sales declined from approximately 4.3% in the previous fiscal year to approximately 2.6%, reducing the numerical exposure. Meanwhile, the disclosure of risks related to changes in Chinese government policy and sharp increases in labor costs continues. - FY2025WorsenedAnnual report
「Although the Chinese subsidiary accounts for approximately 4.3% of our Group's sales, a low proportion, its utilization is important as a means of reducing costs in Japan and for transactions with customers' local subsidiaries, among other purposes.」
The Chinese subsidiary's share of sales increased from approximately 2.7% in the previous fiscal year to approximately 4.3%, increasing the numerical exposure. - FY2024SoftenedAnnual report
「Although the Chinese subsidiary accounts for approximately 2.7% of our Group's sales, a low proportion, its utilization is important as a means of reducing costs in Japan and for transactions with customers' local subsidiaries, among other purposes.」
The Chinese subsidiary's share of sales declined from approximately 4.1% in the previous fiscal year to approximately 2.7%, reducing the numerical exposure. Meanwhile, the disclosure of risks related to changes in Chinese government policy and sharp increases in labor costs continues. - FY2022WorsenedAnnual report
「Although the Chinese subsidiary accounts for approximately 4.1% of our Group's sales, a low proportion, its utilization is important as a means of reducing costs in Japan and for transactions with customers' local subsidiaries, among other purposes. Accordingly, if conditions arise, such as changes in Chinese government policy or sharp increases in labor costs, that make it difficult to maintain the current operating structure, this could adversely affect the financial position and performance of our Group.」
The Chinese subsidiary's share of sales increased from approximately 3.0% in the previous fiscal year to approximately 4.1%, increasing the numerical exposure associated with the subsidiary. - FY2021RestatedAnnual report
「Although the Chinese subsidiary accounts for approximately 3.0% of our Group's sales, a low proportion, its utilization is important as a means of reducing costs in Japan and for transactions with customers' local subsidiaries, among other purposes.」
The disclosure continues to identify the risks of changes in Chinese government policy and rising wages. The Chinese subsidiary's share of sales declined from approximately 3.8% in the previous fiscal year to approximately 3.0%. - FY2020First statedAnnual report
「Although the Chinese subsidiary accounts for approximately 3.8% of our Group's sales, a low proportion, its utilization is important as a means of reducing costs in Japan and for transactions with customers' local subsidiaries, among other purposes.」
This indicates that changes in Chinese government policy or sharp increases in labor costs could make it difficult to maintain the current operating structure.