Legal, Regulatory and Geopolitical Risks Associated with Overseas Expansion
First written in FY2016. 15 of 30 entries say "Restated". Latest entry: 2026-07-30.
The whole theme swung hardest in 2025: 47 of 94 companies on the "Worse" side.
- 2026-07-30RestatedEarnings
「Meanwhile, the outlook remains extremely uncertain due to the continuing escalation of tensions in the Middle East, higher procurement and production costs resulting from soaring resource and raw material prices, and rising prices.」
The Company continues to describe uncertainty in the overseas business environment arising from the situation in the Middle East and soaring resource and raw material prices. - FY2026MaterialisedAnnual report
「Revenue in the EMEA market declined significantly from the same period of the previous year because multiple large projects that had been scheduled were postponed due to the effects of Israel's and the United States' military actions against Iran.」
Geopolitical risks, including the situation in the Middle East, actually materialized in the form of delays to large-scale projects and a substantial revenue decline in the EMEA market. - FY2026-H1RestatedAnnual report
「Meanwhile, the outlook remains extremely uncertain due to the prolonged geopolitical risks surrounding the situations in Russia and Ukraine and in the Middle East, the impact of U.S. trade policy, surging resource and raw material prices, rising inflation and foreign-exchange fluctuations.」
The uncertainty in the overseas business environment arising from geopolitical risks, including the situations in Russia and Ukraine and in the Middle East, and US trade policy continues to be recognized. - FY2025WorsenedAnnual report
「Meanwhile, the outlook remains extremely uncertain due to the prolonged geopolitical risks surrounding the situations in Russia and Ukraine and in the Middle East, developments in US trade policy, soaring resource and raw material prices, rising prices and major fluctuations in foreign exchange rates.」
In addition to the existing geopolitical risks, developments in US trade policy were specifically identified, with the impact appearing in the Americas market as delays in and freezes on capital investment decisions. - FY2025-H1RestatedAnnual report
「Meanwhile, the outlook remains extremely uncertain due to the prolonged geopolitical risks surrounding the situations in Russia and Ukraine and in the Middle East, soaring resource and raw material prices, rising prices and major fluctuations in foreign exchange rates.」
The prolonged geopolitical risks, including the situations in Russia and Ukraine and in the Middle East, soaring resource and raw material prices, and the uncertainty in the overseas business environment caused by foreign exchange fluctuations continue to be disclosed. - FY2024-Q3WorsenedAnnual report
「Meanwhile, instability has continued, with the situation in the Middle East becoming increasingly tense in addition to the prolonged situation in Russia and Ukraine.」
In addition to the longstanding prolongation of the situation in Russia and Ukraine, the newly heightened tensions in the Middle East have been identified, indicating growing instability in the overseas business environment. - FY2024-Q2RestatedAnnual report
「Meanwhile, resource and raw material prices have continued to rise due to the prolonged geopolitical risks surrounding the situation in Russia and Ukraine, the further weakening trend of the yen in the foreign exchange market and other factors, leaving the outlook extremely uncertain.」
The prolonged geopolitical risks surrounding the situation in Russia and Ukraine and the continued uncertainty in the overseas business environment are disclosed. - FY2024-Q1MaterialisedAnnual report
「As in the same period of the previous year, projects in the EMEA market continued to make no progress due to the impact of geopolitical risks surrounding the situation in Russia and Ukraine.」
Geopolitical risks surrounding the situation in Russia and Ukraine continue to be reflected in results as stalled project progress in the EMEA market. - FY2023MaterialisedAnnual report
「The invasion of Ukraine by the Russian Federation, which began on 24 February 2022, poses a risk that the company could lose potential revenue opportunities in the Russian Federation and neighboring countries.」
The risk of lost revenue opportunities due to the invasion of Ukraine continues to be disclosed, and in the EMEA market, project suspensions and revenue declines occurred in full-year results. - FY2023-Q3MaterialisedAnnual report
「Revenue in EMEA declined year on year due to the suspension of projects and other effects associated with geopolitical risks related to the situation involving Russia and Ukraine.」
Geopolitical risks surrounding the Russia-Ukraine situation continued to materialize as project suspensions and lower revenue in the EMEA market. - FY2023-Q2WorsenedAnnual report
「In addition to the prolonged geopolitical risks surrounding the Russia-Ukraine situation, the outlook remains extremely uncertain due to the ongoing semiconductor shortage and rising resource and raw material prices resulting from the sharp depreciation of the yen.」
The prolonged geopolitical risks surrounding the Russia-Ukraine situation were explicitly identified, and their impact continued to materialize as project suspensions and lower revenue in the EMEA market. - FY2023-Q1MaterialisedAnnual report
「Revenue in EMEA declined year on year due to the suspension of projects and other effects associated with geopolitical risks related to the situation involving Russia and Ukraine.」
Geopolitical risks associated with the Russia-Ukraine situation materialized as project suspensions and lower revenue in the EMEA market. - FY2022MaterialisedAnnual report
「The invasion of Ukraine by the Russian Federation, which began on 24 February 2022, poses a risk that the company could lose potential revenue opportunities in the Russian Federation and neighboring countries.」
The invasion of Ukraine by Russia occurred, and the company also described project suspensions in the EMEA market due to geopolitical issues. It further indicated the impact on semiconductor manufacturing gases such as neon, which Ukraine supplies for approximately 70% of global demand. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, the Japanese economy remained uncertain, as the global impact of COVID-19 continued and economic activity remained sluggish.」
The company continues to recognize uncertainty in the overseas and domestic business environments due to the ongoing global pandemic and stagnation in economic activity. - FY2021RestatedAnnual report
「Our group is actively expanding overseas to broaden market opportunities. However, expansion into overseas markets entails several risks, including the following.」
The company continues to disclose risks related to laws and regulations, human resources, and geopolitical factors such as terrorism and war, as well as economic, social and political risks in each region, associated with overseas expansion. - FY2021-Q1WorsenedAnnual report
「During the first quarter of the current fiscal year, the Japanese economy became increasingly uncertain, with the outlook clouded by a sharp slowdown in economic activity caused by the spread of COVID-19 in Japan and overseas, as well as the prolonged U.S.-China trade friction.」
The description indicates that, in addition to the existing U.S.-China trade friction, the sharp economic slowdown caused by COVID-19 increased uncertainty in the outlook for the overseas business environment. - FY2020-Q3RestatedAnnual report
「The global economy remained uncertain due to trade issues and other factors.」
The company continues to recognize uncertainty in overseas economies arising from trade issues. - FY2020-Q2RestatedAnnual report
「The global economy remained uncertain due to trade issues and other factors.」
The company continues to recognize uncertainty in overseas economies arising from trade issues. - FY2020-Q1RestatedAnnual report
「The global economy remained uncertain due to trade issues and other factors.」
The company continues to recognize uncertainty in overseas economies arising from trade issues. - FY2019RestatedAnnual report
「Our group is actively expanding overseas to broaden market opportunities. However, expansion into overseas markets entails several risks, including the following.」
The company continues to disclose risks related to laws and regulations, human resources, and geopolitical factors such as terrorism and war, as well as economic, social and political risks in each region, associated with overseas expansion. - FY2019-Q3WorsenedAnnual report
「The risk of a global economic slowdown has increased, triggered by trade issues such as trade friction, and uncertainty has been intensifying.」
The company indicated that the risk of a global economic slowdown has increased, triggered by trade friction and other factors, and that uncertainty has intensified. - FY2019-Q2RestatedAnnual report
「The global economy remained firm, but continued to be uncertain due to the impact of trade issues and other factors.」
The company continues to recognize uncertainty in overseas economies arising from the impact of trade issues. - FY2019-Q1RestatedAnnual report
「The global economy remained uncertain as overseas economies became increasingly uncertain due to the impact of trade issues and other factors.」
Regarding overseas operations, the company continues to recognize uncertainty in overseas economies and the business environment arising from trade issues. - FY2018RestatedAnnual report
「The global economy remained uncertain due to the policies and trade policies of the U.S. administration and rising geopolitical risks in neighboring countries.」
The company continues to recognize policy, trade and geopolitical risks associated with overseas expansion, as well as uncertainty in the global economy. - FY2018-Q3RestatedAnnual report
「The global economy remained uncertain due to the policies of the new U.S. administration and rising geopolitical risks in neighboring countries.」
The company continues to recognize uncertainty in the overseas business environment arising from the policies of the new U.S. administration and geopolitical risks in neighboring countries. - FY2018-Q2RestatedAnnual report
「The global economy has been recovering moderately, particularly in Europe and the United States, but remained uncertain due to the impact of policies under the new U.S. administration and concerns over geopolitical risks in Asia.」
The company continues to recognize geopolitical risks associated with overseas expansion and uncertainty in the business environment. - FY2016First statedAnnual report
「However, expansion into overseas markets entails several risks, including the following.」
The company lists unexpected changes in laws and regulations, securing human resources, geopolitical risks such as terrorism and war, and economic, social and political risks in each region.