Risks related to political conditions, tax systems, currencies and infrastructure associated with overseas business expansion
First written in FY2016. 24 of 31 entries say "Restated". Latest entry: FY2026.
Kyosha moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 5 of 11 companies on the "Worse" side.
5 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Conditions in the printed wiring board industry to which the Company belongs remain uncertain, with many factors that could affect business performance, including the impact of U.S. tariff policies on the global economy, China’s economic slowdown, exchange rate fluctuations, and sharp fluctuations in raw material and energy prices due to escalating tensions in the Middle East.」
In addition to the existing political, tax and foreign exchange risks associated with overseas business, the Company explicitly identifies U.S. tariff policies, China’s economic slowdown, and fluctuations in raw material and energy prices resulting from escalating tensions in the Middle East. - 2026-05-15WorsenedResults
「The outlook remains uncertain due to factors including the impact of US tariff policies on the global economy, a slowdown in the Chinese economy, exchange-rate fluctuations, and sharp fluctuations in raw-material and energy prices resulting from heightened tensions in the Middle East.」
米国の関税政策、中国景気、為替、中東情勢、原材料・エネルギー価格の変動が、当期の事業環境および先行きの不確定要素として引き続き明示されている。 - FY2026-H1WorsenedAnnual report
「At the same time, the outlook remains uncertain due to factors including the impact of U.S. tariff policies on the global economy, China’s economic slowdown, exchange rate fluctuations, and persistently high raw material and energy prices resulting from geopolitical risks.」
In addition to the existing political, tax and foreign exchange risks associated with overseas business, the Company explicitly identifies U.S. tariff policies, China’s economic slowdown and geopolitical risks, broadening the range of uncertainty factors. - FY2024WorsenedAnnual report
「Conditions in the printed wiring board industry to which the Company belongs are expected to improve as semiconductor shortages and supply chain disruptions ease and demand recovers. However, the outlook for the global economy remains uncertain due to many factors, including concerns over the economic security framework, particularly tensions between the United States and China, higher policy interest rates and exchange rate fluctuations resulting from global monetary tightening, and persistently high raw material and energy prices due to the situations in Russia and Ukraine and the Middle East.」
In addition to the existing political and tax-related risks associated with overseas business, the Company explicitly identifies uncertain geopolitical and international factors, including economic security, tensions between the United States and China, the situation in Russia and Ukraine, and the situation in the Middle East. - FY2024-Q3RestatedAnnual report
「During the 3rd quarter cumulative consolidated period, there were no occurrences of major risks that management recognizes could materially affect the financial position, operating results or cash flows of the consolidated companies, nor any material changes in the “Business Risks” described in the securities report for the previous fiscal year, among the matters concerning the business situation, financial position and other items described in the quarterly securities report.」
The Company provides an overall statement that there have been no material changes in the risks associated with overseas business expansion, including political conditions, tax systems, currencies, infrastructure and employment conditions. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company provides an overall statement that there have been no material changes in the risks associated with overseas business expansion, including political conditions, tax systems, currencies, infrastructure and employment conditions. - FY2024-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
The Company provides an overall statement that there have been no material changes in its business and other risks. - FY2023RestatedAnnual report
「The dispersion of production sites diversifies risks, but the Company also faces risks associated with overseas business expansion, including political conditions, tax systems, employment conditions and supply chain structures in each country and globally, infrastructure such as electricity, rising wages, and changes in sanitary and public security conditions.」
The Company continues to recognize risks associated with overseas business, including political conditions, tax systems, employment, supply chains, infrastructure, wages, sanitation and public security, and maintains its responses through information sharing and gathering external information. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes in the risks associated with overseas business expansion, including political conditions, tax systems, currencies, infrastructure and employment conditions. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes in the risks associated with overseas business expansion, including political conditions, tax systems, currencies, infrastructure and employment conditions. - FY2023-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes in the risks associated with overseas business expansion, including political conditions, tax systems, currencies, infrastructure and employment conditions. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company reconfirms that there have been no material changes in the risks associated with overseas business expansion, including political conditions, tax systems, currencies, infrastructure and employment conditions. - FY2021MitigatedAnnual report
「To address these risks, the Company seeks to prevent or avoid them through close information sharing with Group companies and by gathering information from external consultants and other sources in each country.」
The Company continues to recognize risks associated with overseas business, including political conditions, tax systems, employment conditions, supply chains and infrastructure, and identifies information sharing within the Group and information gathering from external consultants and other sources as countermeasures. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes in the risks associated with overseas business expansion, including political conditions, tax systems, currencies, infrastructure and employment conditions. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes in the risks associated with overseas business expansion, including political conditions, tax systems, currencies, infrastructure and employment conditions. - FY2021-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes in the risks associated with overseas business expansion, including political conditions, tax systems, currencies, infrastructure and employment conditions. - FY2020WorsenedAnnual report
「The Company faces risks associated with overseas business expansion, including political conditions, tax systems, employment conditions and supply chain structures in each country and globally, infrastructure such as electricity, rising wages, and changes in sanitary and public security conditions.」
In addition to the existing risks related to political conditions, tax systems and infrastructure, the Company explicitly identifies employment conditions and supply chain structures, broadening the scope of overseas business risks. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes in the risks associated with overseas business expansion, including political conditions, tax systems, currencies, infrastructure, wages, sanitation and public security. - FY2020-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company reconfirms that there have been no material changes in the risks associated with overseas business expansion, including political conditions, tax systems, currencies, infrastructure, wages, sanitation and public security. - FY2020-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes in the risks associated with overseas business expansion, including political conditions, tax systems, currencies, infrastructure, wages, sanitation and public security. - FY2019RestatedAnnual report
「The Company may be exposed to risks associated with overseas business expansion, including political conditions in each country, changes in policies such as tax systems, currency fluctuations, infrastructure such as electricity, rising wages, and changes in sanitary and public security conditions.」
The risks associated with overseas business, including political conditions, tax systems, currencies, infrastructure, wages, sanitation and public security, continue to be described. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes in the risks associated with overseas business expansion, including political conditions, tax systems, currencies, infrastructure, wages, sanitation and public security. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes in the risks associated with overseas business expansion, including political conditions, tax systems, currencies, infrastructure, wages, sanitation and public security. - FY2019-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes in the risks associated with overseas business expansion, including political conditions, tax systems, currencies, infrastructure, wages, sanitation and public security. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes in the risks associated with overseas business expansion, including political conditions, tax systems, currencies, infrastructure, wages, sanitation and public security. - FY2018-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes in the risks associated with overseas business expansion, including political conditions, tax systems, currencies, infrastructure, wages, sanitation and public security. - FY2018-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
The Company states that there have been no material changes in the risks associated with overseas business expansion, including political conditions, tax systems, currencies, infrastructure, wages, sanitation and public security. - FY2017RestatedAnnual report
「The Company may be exposed to risks associated with overseas business expansion, including political conditions in each country, changes in policies such as tax systems, currency fluctuations, infrastructure such as electricity, rising wages, and changes in sanitary and public security conditions.」
The risks associated with overseas business, including political conditions, tax systems, currencies, infrastructure, wages, sanitation and public security, continue to be described as before. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company reconfirms that there have been no material changes in the risks associated with overseas business expansion, including political conditions, tax systems, currencies and infrastructure. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The Company provides an overall statement that there have been no material changes in the risks associated with overseas business expansion, including political conditions, tax systems, currencies and infrastructure. - FY2016First statedAnnual report
「The Company may be exposed to risks associated with overseas business expansion, including political conditions in each country, changes in policies such as tax systems, currency fluctuations, infrastructure such as electricity, rising wages, and changes in sanitary and public security conditions.」
While noting risk diversification through the distribution of overseas bases, the Company identifies external environmental risks specific to each country.