Risk of Business Restrictions at Global Sites Due to Natural Disasters, Terrorism, Conflicts and Economic Friction
First written in FY2021. 3 of 6 entries say "Worsened", first in FY2022. Latest entry: FY2026.
The whole theme swung hardest in 2020: 67 of 114 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「The group continues to gather information on conditions in countries and regions around the world while leveraging its global network, taking into account geopolitical and economic security risks, and is working to strengthen global procurement and overseas production capabilities. In countries where moves to protect domestic industries are evident, local production and local procurement of parts and raw materials may be required.」
In addition to the existing risks of natural disasters, terrorism and conflict, the company explicitly identified risks related to economic security, protection of domestic industries, and the need for local production and local procurement. - FY2024RestatedAnnual report
「Uncertainty continues, including the remaining geopolitical risks relating to the Middle East and the Russia-Ukraine situation.」
The company has restated geopolitical risks, including those relating to the Middle East and the Russia-Ukraine situation, and uncertainty in the external environment. - FY2023RestatedAnnual report
「In addition, geopolitical tensions could cause trade friction and tighter import and export controls, or conflicts between countries such as Russia's invasion of Ukraine, potentially interrupting the supply of products to the market and affecting business results.」
The company has restated the risk that geopolitical tensions, import and export controls and events such as Russia's invasion of Ukraine could affect supply and business results. - FY2023-Q2WorsenedAnnual report
「The outlook remains uncertain regarding Russia's invasion of Ukraine and the spread of COVID-19, and uncertainty continues across a broad range of areas, including surging prices for goods and services, including foreign exchange and resource prices, and logistics. However, during the six-month period ended in the second quarter, there were no abnormal changes in the financial position, business results or cash flows among the matters concerning the business and financial conditions described in this quarterly report, and there were no material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company stated that uncertainty continues across a broad range of areas, including the situation involving Russia and Ukraine, the spread of COVID-19, soaring prices and logistics. - FY2022WorsenedAnnual report
「Regarding the Russia-Ukraine conflict, the company sells in Russia through its sales subsidiary Sysmex RUS LLC and in Ukraine through a distributor. However, because sales in Russia and Ukraine account for only approximately 2% of total group sales, the company considers the direct impact on its business results to be minor. As the impact of the conflict on the global economy is changing from moment to moment, the company will closely gather and monitor information and consider its impact and any necessary responses in a timely manner.」
The company linked the previously disclosed risks of natural disasters, terrorism and conflict relating to its global locations to the specific event of the Russia-Ukraine conflict, and disclosed that sales in the two countries account for approximately 2% of total group sales, along with its monitoring policy. - FY2021First statedAnnual report
「The group operates manufacturing, sales, research and other activities globally, with locations around the world. If large-scale natural disasters such as earthquakes, storms and floods, terrorism, conflicts or geopolitical issues such as economic friction between countries occur at these locations or in surrounding areas, causing extensive damage to the group's facilities, infrastructure and personnel and restricting manufacturing, sales or other activities, or reducing customer demand, they could affect the group's business results and financial position.」
The company first listed, as a standalone item, the risk that global locations' facilities, infrastructure and personnel could be damaged by natural disasters, terrorism, conflict, economic friction between countries and other events, affecting production, sales and demand.