Legal, Regulatory, Political, Economic and Foreign Exchange Risks Associated with Overseas Expansion
First written in FY2016. 19 of 23 entries say "Restated". Latest entry: FY2024-Q1.
The whole theme swung hardest in 2025: 70 of 117 companies on the "Worse" side.
74 other companies' latest entry also says "Restated".
- FY2024-Q1RestatedAnnual report
「During the cumulative first quarter, no new business or other risks arose. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes in the legal and regulatory, political and economic, and foreign exchange risks associated with overseas operations. - FY2023RestatedAnnual report
「Sales overseas involve risks including unexpected changes in laws and regulations, the existence or emergence of economically adverse factors, and political, social or economic turmoil.」
The company continues to identify the risks associated with the high proportion of overseas sales, including laws and regulations, political and economic conditions, social turmoil and foreign exchange fluctuations. - FY2023-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There have also been no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes in the legal and regulatory, political and economic, and foreign exchange risks associated with overseas operations. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter, no new business or other risks arose. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes in the legal and regulatory, political and economic, and foreign exchange risks associated with overseas operations. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter, no new business or other risks arose. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes in the legal and regulatory, political and economic, and foreign exchange risks associated with overseas operations. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter, no new business or other risks arose. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes in the legal and regulatory, political and economic, and foreign exchange risks associated with overseas operations. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter, no new business or other risks arose. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes in the legal and regulatory, political and economic, and foreign exchange risks associated with overseas operations. - FY2021RestatedAnnual report
「Sales overseas involve risks including unexpected changes in laws and regulations, the existence or emergence of economically adverse factors, and political, social or economic turmoil.」
The company continues to identify the risks associated with the high proportion of overseas sales, including laws and regulations, political and economic conditions, social turmoil and foreign exchange fluctuations. - FY2021-Q2RestatedAnnual report
「No new business or other risks arose during the six-month period of the current consolidated fiscal year. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes in the legal and regulatory, political and economic, and foreign exchange risks associated with overseas operations. - FY2020RestatedAnnual report
「Sales overseas involve risks including unexpected changes in laws and regulations, the existence or emergence of economically adverse factors, and political, social or economic turmoil.」
The company continues to identify the risks associated with the high proportion of overseas sales, including laws and regulations, political and economic conditions, social turmoil and foreign exchange fluctuations. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There have also been no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes in the legal and regulatory, political and economic, and foreign exchange risks associated with overseas operations. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the six-month period of the current consolidated fiscal year. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes in the legal and regulatory, political and economic, and foreign exchange risks associated with overseas operations. - FY2019RestatedAnnual report
「Sales overseas involve risks including unexpected changes in laws and regulations, the existence or emergence of economically adverse factors, and political, social or economic turmoil.」
The company continues to disclose the risks associated with the high proportion of overseas sales, including laws and regulations, political and economic conditions, social turmoil and foreign exchange fluctuations. - FY2019-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There have also been no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes in the legal and regulatory, political and economic, and foreign exchange risks associated with overseas operations. - FY2018RestatedAnnual report
「Sales overseas involve risks including unexpected changes in laws and regulations, the existence or emergence of economically adverse factors, and political, social or economic turmoil.」
The company continues to disclose the risks associated with the high proportion of overseas sales, including laws and regulations, political and economic conditions, social turmoil and foreign exchange fluctuations. - FY2018-Q3Concern about earnings due to yen appreciationAnnual report
「Although the appreciation of the yen is a concern for its impact on corporate earnings, Japan's economy continues to recover moderately, with corporate performance remaining solid and capital investment and employment and income conditions improving.」
The description of foreign exchange conditions changed from expectations in the previous quarter that yen depreciation would boost export companies' earnings to concerns this time about the impact of yen appreciation on corporate earnings. - FY2018-Q2RestatedAnnual report
「No new business or other risks arose during the six-month period of the current consolidated fiscal year. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes in the legal and regulatory, political and economic, and foreign exchange risks associated with overseas operations. - FY2018-Q1RestatedAnnual report
「During the cumulative first quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes in the legal and regulatory, political and economic, and foreign exchange risks associated with overseas operations. - FY2017RestatedAnnual report
「Sales overseas involve risks including unexpected changes in laws and regulations, the existence or emergence of economically adverse factors, and political, social or economic turmoil.」
The company continues to disclose the risks associated with the high proportion of overseas sales, including laws and regulations, political and economic conditions, social turmoil and foreign exchange fluctuations on some transactions denominated in foreign currencies. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes in the legal and regulatory, political and economic, and foreign exchange risks associated with overseas operations. - FY2017-Q2Reversal in foreign exchange conditionsAnnual report
「Although Japan's economy has continued to recover moderately, personal consumption remains lackluster. Meanwhile, the sharp reversal toward yen depreciation since November is expected to boost earnings for export companies in the current fiscal year.」
The description of foreign exchange conditions changed from concerns about earnings due to the trend toward yen appreciation disclosed in FY2017-Q1 to expectations of a sharp reversal toward yen depreciation since November and an earnings boost for export companies. - FY2017-Q1WorsenedAnnual report
「In addition, the trend toward a stronger yen since the beginning of the year has raised concerns about the outlook for corporate earnings.」
The trend toward a stronger yen since the beginning of the year is identified as a factor contributing to concerns about the outlook for corporate earnings. - FY2016First statedAnnual report
「Sales overseas involve risks including unexpected changes in laws and regulations, the existence or emergence of economically adverse factors, and political, social or economic turmoil.」
Given the high proportion of overseas sales, the company identifies the institutional and political and economic environment in each region, as well as foreign exchange fluctuations on some transactions denominated in foreign currencies, as risks.