Economic, Labor and Social Disruption Risks Associated with Overseas Operations
First written in FY2018. 4 of 7 entries say "Restated". Latest entry: FY2026-H1.
Kel moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 20 of 44 companies on the "Worse" side.
21 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「During the interim consolidated accounting period under review, the Japanese economy was affected by external factors including US tariff policies and the slowdown in the Chinese economy. Exports and corporate earnings came under downward pressure, companies remained cautious about capital investment, and the economy continued to show signs of slowing.」
The economic risks associated with overseas operations have been specified in terms of US tariff policies, the slowdown in the Chinese economy, downward pressure on exports, and continued caution toward capital investment as external factors during the interim period under review. The Company also states that there were no material changes in the business and other risks section. - FY2025WorsenedAnnual report
「The Group supplies products to the US market, and its products may be subject to high tariffs under the reciprocal tariff policy introduced by the US government. However, the current proportion of the Group's direct shipments to the US is low, and the direct impact is limited.」
The conventional trade-friction risk associated with overseas operations has been specified as the risk of high tariffs under the US reciprocal tariff policy and the possibility of customers changing their production locations. The Company explains that the direct impact is currently limited. - FY2022RestatedAnnual report
「If economic risks such as trade friction, labor issues arising from cultural and customary differences, or social disruption such as terrorism and infectious diseases occur in countries or regions where the Group has overseas operations, they could adversely affect the Group's business.」
The risks of trade friction, labor issues, and social disruption such as terrorism and infectious diseases associated with overseas operations are continuing. - FY2021RestatedAnnual report
「If economic risks such as trade friction, labor issues arising from cultural and customary differences, or social disruption such as terrorism and infectious diseases occur in countries or regions where the Group has overseas operations, they could adversely affect the Group's business.」
The risks of trade friction, labor issues, and social disruption such as terrorism and infectious diseases associated with overseas operations are continuing. - FY2020RestatedAnnual report
「If economic risks such as trade friction, labor issues arising from cultural and customary differences, or social disruption such as terrorism and infectious diseases occur in countries or regions where the Group has overseas operations, they could adversely affect the Group's business.」
The risks of trade friction, labor issues, and social disruption such as terrorism and infectious diseases associated with overseas operations are continuing. Using local legal and accounting firms and government information is identified as a response. - FY2019RestatedAnnual report
「If economic risks such as trade friction, labor issues arising from cultural and customary differences, or social disruption such as terrorism and infectious diseases occur in countries or regions where the Group has overseas operations, they could adversely affect the Group's business.」
The risks of trade friction, labor issues, and social disruption such as terrorism and infectious diseases associated with overseas operations are continuing. - FY2018First statedAnnual report
「If economic risks such as trade friction, labor issues arising from cultural and customary differences, or social disruption such as terrorism and infectious diseases occur in countries or regions where the Group has overseas operations, they could adversely affect the Group's business.」
Trade friction, labor issues, and social disruption such as terrorism and infectious diseases associated with overseas operations are recorded as risks specific to overseas operations for the first time.