Geopolitical and labor-relations risks associated with overseas production and sales
First written in FY2016. 4 of 10 entries say "Restated". Latest entry: FY2023-Q1.
Wacom moved to the "Worse" side of this theme in 2021, 2 years before the typical company in this theme (2023).
0 other companies' latest entry also says "Other".
- FY2023-Q1Shipments to Ukraine resumed, while sales in both countries declinedAnnual report
「During the first quarter of the current consolidated cumulative period, shipments to Ukraine resumed, but sales in both countries were substantially below the same period of the previous year.」
As a response to the Russia-Ukraine situation, shipments to Ukraine resumed, while sales in both countries were substantially below the same period of the previous year. - FY2022MaterialisedAnnual report
「Our group has no business bases in Russia or Ukraine. Sales in the two countries during the current consolidated fiscal year accounted for approximately 1% of consolidated sales for the fiscal year ended March 2022, while sales in the same period of the previous year accounted for approximately 1% of consolidated sales for the fiscal year ended March 2021, so the impact was limited. In view of the difficult conditions affecting finance, logistics and other areas, we suspended direct shipments to the region.」
The Russia-Ukraine situation materialized, and direct shipments to both countries were suspended. It was stated that the group has no business bases there and that the impact on sales was limited at approximately 1%. - FY2021WorsenedAnnual report
「In addition, if economic conditions deteriorate, competition intensifies or international tax risks such as transfer pricing taxation arise in major overseas markets, these factors could affect results.」
The scope of disclosure expanded from the existing geopolitical and labor-relations risks associated with overseas production and sales to include economic conditions, competition and international tax risks in major overseas markets. - FY2020-Q3RestatedAnnual report
「As one measure addressing additional US tariffs on imports from China, we continued efforts to change production of some product lines from China to outside China within the system operated by our contract manufacturers, which is centered on production in China and exports from China to US sales bases.」
As a response to additional tariffs relating to the China-centered production and export system, efforts to change production of some product lines from China to outside China have continued. - FY2020-Q2MitigatedAnnual report
「As one measure addressing additional US tariffs on imports from China, we continued efforts to change production of some product lines from China to outside China within the system operated by our contract manufacturers, which is centered on production in China and exports from China to US sales bases.」
To address additional tariffs on imports from China and the China-centered production and export system, efforts to change production of some product lines from China to outside China have continued. - FY2020-Q1MitigatedAnnual report
「As one measure addressing the issue of additional US tariffs on imports from China, we began efforts to change production of small product lines from China to outside China within the production and export system operated by our contract manufacturers, which is centered on production in China and exports from China to global sales bases.」
To address additional tariffs relating to the China-centered production and export system, production of some product lines was changed from China to outside China. - FY2019RestatedAnnual report
「As our group conducts production, sales and other activities across national borders and regions, regional conflicts from a geopolitical perspective or problems in local labor relations could disrupt product manufacturing and logistics activities by contract manufacturers, as well as sales activities by our subsidiaries in the relevant regions.」
Geopolitical and labor-relations risks associated with overseas production, sales and logistics continue to be disclosed. - FY2018RestatedAnnual report
「As our group conducts production, sales and other activities across national borders and regions, regional conflicts from a geopolitical perspective or problems in local labor relations could disrupt product manufacturing and logistics activities by contract manufacturers, as well as sales activities by our subsidiaries in the relevant regions.」
Geopolitical and labor-relations risks associated with cross-border production, sales and logistics operations continue to be disclosed. - FY2017RestatedAnnual report
「As our group conducts production, sales and other activities across national borders and regions, regional conflicts from a geopolitical perspective or problems in local labor relations could disrupt product manufacturing and logistics activities by contract manufacturers, as well as sales activities by our subsidiaries in the relevant regions.」
Geopolitical and labor-relations risks associated with overseas production and sales continue to be disclosed. - FY2016First statedAnnual report
「As our group conducts production, sales and other activities across national borders and regions, regional conflicts from a geopolitical perspective or problems in local labor relations could disrupt product manufacturing and logistics activities by contract manufacturers, as well as sales activities by our subsidiaries in the relevant regions.」
External-environment risks associated with cross-border production, sales and logistics operations.