Political, Regulatory, Human-Resources and Shutdown Risks at Overseas Sites
First written in FY2017. 3 of 10 entries say "Restated". Latest entry: FY2026.
Tamura moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2024: 11 of 19 companies on the "Worse" side.
3 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Alongside a review of its sites in China, the company is developing sites in Europe, the United States and Asia. It is pursuing initiatives to enhance its ability to respond in each region by swiftly reviewing production and sales locations in line with changes in the operating environment.」
In response to the overseas expansion risks associated with concentration in China, the company has indicated that it is reviewing its sites in China and developing sites in Europe, the United States and Asia. - 2026-05-11MitigatedRevision of earnings forecasts
「Review of domestic and overseas locations, including the reduction of production sites in China」
The company reviewed its domestic and overseas production footprint, including reducing production sites in China, rather than continuing to concentrate production in China. - FY2023RestatedAnnual report
「In addition to China, the Tamura Group can produce its main products in ASEAN, Europe, the United States and other regions. It will further strengthen local production for local consumption and enhance its ability to respond in each region.」
While indicating that production in China accounts for approximately half of group output, the company describes a policy of strengthening local production for local consumption, including in ASEAN, Europe and the United States. - FY2022WorsenedAnnual report
「The group has many production sites in China, which account for approximately half of its total production. As the world's economic blocs become increasingly fragmented, changes in the policies of individual countries may make business operations more difficult.」
In addition to the structure in which China production accounts for approximately half of total production, the impact of fragmentation of the world's economic blocs and national policies on business operations has been newly identified. - FY2021WorsenedAnnual report
「The group has established large-scale production sites in China to manufacture competitive products and reduce costs, and these sites account for approximately 50% of the group's total production. However, production activities may be disrupted by higher material prices and difficulty procuring materials resulting from trade regulations and other factors, difficulty recruiting and retaining personnel due to sharp increases in minimum wages, and requests from government authorities and related organizations to scale back, relocate or close production sites as a result of changes in the political or legal environment.」
In addition to approximately 50% dependence on production in China, the company has identified specific risks involving difficulty procuring materials, rising wages, securing personnel, and site relocation resulting from changes in the political and legal environment. - FY2020WorsenedAnnual report
「The group has established large-scale production sites in China to manufacture competitive products and reduce costs, and these sites account for approximately 50% of the group's total production.」
The concentration of production in China, which accounts for approximately 50% of group output, is stated explicitly, and production risks related to trade regulations, rising wages, securing personnel, and changes in the political and legal environment are identified. - FY2019-Q1MaterialisedAnnual report
「Meanwhile, the operating environment for corporate production activities remained challenging due to surging market prices and delivery delays caused by supply shortages of some components, as well as rising labor costs and difficulty recruiting personnel in China.」
The risk of securing personnel at overseas sites is described as an actual constraint on production activity, owing to rising labor costs and difficulty recruiting in China. - FY2018RestatedAnnual report
「Much of the group's production activity is conducted in China and the ASEAN region, while its sales activities are carried out almost worldwide. Expanding into these overseas markets entails several potential risks, as follows.」
Risks related to social disruption, laws and regulations, political and geopolitical factors, and securing personnel associated with production in China and ASEAN and worldwide sales continue to be disclosed. - FY2018-Q3RestatedAnnual report
「During the nine-month cumulative period, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new risks or material changes concerning risks related to its businesses, including overseas sites. - FY2017First statedAnnual report
「Much of the group's production activity is conducted in China and the ASEAN region, while its sales activities are carried out almost worldwide. Expanding into these overseas markets entails several potential risks, including: ① social disruption caused by terrorism, war, riots and other factors; ② unexpected changes in laws or regulations; ③ adverse political or geopolitical factors; and ④ difficulty recruiting and retaining personnel.」
The risk section identifies risks associated with overseas production centered on China and ASEAN and worldwide sales, including social disruption, laws and regulations, political and geopolitical factors, and securing personnel.