Regulations in each country associated with global operations
First written in FY2016. 7 of 11 entries say "Worsened", first in FY2021-Q3. Latest entry: FY2026.
The whole theme swung hardest in 2025: 12 of 62 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「During the current consolidated fiscal year, the global economy remained resilient. Although the introduction of high US tariffs created uncertainty in the trade environment at the beginning of the fiscal year, monetary tightening in major countries, particularly in Europe and the United States, largely came to an end toward the second half of the fiscal year, and inflation also moderated.」
Regarding regulatory and trade risks in various countries, the introduction of high US tariffs materialized as a specific source of uncertainty in the trade environment during the fiscal year. - FY2026-H1WorsenedAnnual report
「During the current interim consolidated accounting period, the United States introduced a new high-tariff policy in August 2025.」
Regarding regulatory and trade risks associated with global operations, the introduction of a new high-tariff policy by the United States was added as an actual event. - FY2025WorsenedAnnual report
「Against this backdrop, tariff policies put forward by the new administration that took office in the United States increased uncertainty over the outlook for the global economy.」
In addition to the existing risks associated with import and export regulations in various countries, uncertainty in the global economy and trade environment due to the tariff policies of the new US administration was cited. - FY2022WorsenedAnnual report
「In addition, sales of OCXOs (oven-controlled crystal oscillators) for base stations declined due to the impact of US government export restrictions on major Chinese communications equipment manufacturers.」
The general risk of regulations in various countries materialized for the full fiscal year as a decline in OCXO sales for base stations due to US export restrictions on China. - FY2022-Q2WorsenedAnnual report
「In addition, affected by US government export restrictions on major Chinese communications equipment manufacturers, net sales for the cumulative second-quarter consolidated period declined slightly year on year.」
Continued US government export restrictions on major Chinese communications equipment manufacturers were reflected in a slight year-on-year decline in first-half sales to the industrial equipment market. - FY2022-Q1WorsenedAnnual report
「Industrial equipment, which accounts for just under 10% of net sales, was affected by the US government's export restrictions on major Chinese telecommunications equipment manufacturers, and net sales declined by just over 10% year on year.」
Continued US government export restrictions on major Chinese communications equipment manufacturers resulted in a year-on-year decline of just over 10% in sales to the industrial equipment market. - FY2021-Q3WorsenedAnnual report
「Although sales to a Chinese communications equipment manufacturer declined in the third quarter due to the impact of tighter U.S. export restrictions on Chinese communications equipment manufacturers, cumulative consolidated revenue for the first three quarters increased year on year for both industrial equipment and mobile communications applications.」
In addition to the general risks associated with regulations in each country, tighter US export restrictions on Chinese communications equipment manufacturers materialized as an actual decline in sales to specific customers. - FY2019RestatedAnnual report
「The Group operates globally and is subject to various government regulations in Japan and overseas markets where it operates, including permits for business operations and investment, and import and export restrictions for reasons including national security.」
The risks of regulations governing imports and exports, trade, antitrust, patents, taxation, foreign exchange controls and the environment in each country associated with global operations continue to be cited. - FY2018RestatedAnnual report
「The Group operates globally and is subject to various government regulations in Japan and overseas markets where it operates, including permits for business operations and investment, and import and export restrictions for reasons including national security.」
The risks of regulations governing imports and exports, trade, antitrust, patents, taxation, foreign exchange controls and the environment in each country associated with global operations were reiterated. - FY2017RestatedAnnual report
「The Group operates globally and is subject to various government regulations in Japan and overseas markets where it operates, including permits for business operations and investment, and import and export restrictions for reasons including national security.」
The risks of regulations governing imports and exports, trade, patents, taxation, foreign exchange controls and the environment associated with global operations continue to be cited. - FY2016First statedAnnual report
「The Group operates globally and is subject to various government regulations in Japan and overseas markets where it operates, including permits for business operations and investment, and import and export restrictions for reasons including national security.」
Changes in regulations governing imports and exports, trade, antitrust, patents, taxation, foreign exchange controls and the environment, along with the associated compliance costs, are identified as risks.