Risk of Tighter Laws and Regulations in Various Countries
First written in FY2019. 8 of 11 entries say "Restated". Latest entry: FY2026.
Ulvac moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).
The whole theme swung hardest in 2025: 9 of 23 companies on the "Worse" side.
3 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「As the Group operates globally, changes in the international situation, the security policies of individual countries, import and export controls, tariffs, sanctions, investment regulations, technology transfer regulations and tighter economic security regulations could restrict transactions involving the Group's equipment, materials, technical information and customer support.」
The previous legal and regulatory risks in individual countries were restructured as geopolitical and economic security risks, including export controls, tariffs and sanctions, investment and technology transfer regulations, economic security regulations, and supply constraints involving strategic materials and rare earths. - FY2023-Q3RestatedAnnual report
「During the cumulative consolidated period for the third quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It was determined that there had been no material changes regarding the risk of stronger laws and regulations in each country. - FY2023-Q2RestatedAnnual report
「During the cumulative consolidated period for the second quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It was determined that there had been no material changes regarding the risk of stronger laws and regulations in each country. - FY2022-Q3RestatedAnnual report
「During the cumulative consolidated period for the third quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risk of stronger laws and regulations in each country. - FY2021-Q3RestatedAnnual report
「During the cumulative consolidated period for the third quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risk of stronger laws and regulations in each country. - FY2021-Q2RestatedAnnual report
「During the cumulative consolidated period for the second quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risk of stronger laws and regulations in each country. - FY2021-Q1RestatedAnnual report
「No new business or other risks arose during the first quarter of the current consolidated cumulative period. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risk of stronger laws and regulations in each country. - FY2020ReframedAnnual report
「As the Group operates globally, it is subject to various laws and regulations in each country and region, including those governing imports and exports, competition, anti-bribery, the environment and transfer pricing. Any violation of these laws and regulations could not only damage the Group's social credibility but also require it to respond to administrative fines and damages claims, potentially adversely affecting its operating results and financial condition.」
The scope was expanded from the previous risks related to imports and exports, the environment and transfer pricing to legal and regulatory risks including competition law, anti-bribery, administrative fines and damages claims. - FY2020-Q2RestatedAnnual report
「During the cumulative consolidated period for the second quarter, no new business or other risks arose. There were also no significant changes to the business and other risks described in the securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risk of stronger laws and regulations in each country. - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the first quarter of the current consolidated cumulative period. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It was stated that there had been no material changes regarding the risk of stronger laws and regulations in each country. - FY2019First statedAnnual report
「As our group expands its business globally, we are subject to various legal and regulatory constraints in each country and region, including import and export regulations, environmental regulations and transfer pricing rules, and we work to comply with them. However, unexpected tightening or amendment of laws and regulations could adversely affect our group’s operating results and financial position.」
The risk that unexpected tightening or amendments to laws and regulations, including import and export regulations, environmental regulations and transfer pricing rules, could affect operating results and financial position was disclosed as a new standalone item.