Political, regulatory and infrastructure risks in overseas markets
First written in FY2016. 6 of 13 entries say "Restated". Latest entry: FY2026.
Cmk moved to the "Worse" side of this theme in 2017, 5 years before the typical company in this theme (2022).
The whole theme swung hardest in 2025: 17 of 24 companies on the "Worse" side.
20 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「These include political upheaval and political instability in countries and regions where we operate; deterioration in economic conditions; conflicts, terrorism and other incidents; interruptions to power supplies and failures of social infrastructure, including electricity, telecommunications, transport and ports; strikes and other labor disputes; unexpected changes in or stricter enforcement of laws and regulations concerning imports and exports, tariffs and taxation, the environment, labor, occupational health and safety, and personal information protection; and the introduction or tightening of foreign-exchange controls and restrictions on remittances such as dividends and royalties.」
The disclosure of overseas business risks has been expanded to specifically cover tariffs, import and export regulations, remittance controls, and environmental, labor and personal information regulations, in addition to political, conflict and infrastructure risks. - FY2026-H1WorsenedAnnual report
「The global economy also remains uncertain, with concerns over deterioration in the global economy due to stagnation in the Chinese and European economies and developments in the trade policies of various countries.」
Regarding the political and economic environment affecting its overseas business, the company identifies stagnation in the Chinese and European economies and concerns over deterioration in the global economy resulting from developments in various countries' trade policies as new sources of uncertainty. - FY2024RestatedAnnual report
「In cooperation with overseas subsidiaries, we collect information on political and economic conditions, social conditions, and developments in laws and regulations in the countries and regions where we operate, and will take appropriate action according to the circumstances.」
The company continues to pursue a policy of collecting information and taking action with overseas subsidiaries in response to the political and economic, infrastructure, legal and regulatory risks associated with its overseas business. - FY2024-Q3RestatedAnnual report
「The global economy also remains uncertain, including geopolitical risks such as the prolonged situation in Ukraine and concerns over the outlook for the Chinese economy.」
The company continues to disclose uncertainty in the geopolitical and economic environment affecting its overseas business, including the prolonged situation in Ukraine and concerns over the outlook for the Chinese economy. - FY2024-Q1RestatedAnnual report
「The global economy also remains uncertain, with concerns over a slowdown in the global economy against a backdrop of the prolonged situation in Ukraine and global monetary tightening.」
The company continues to disclose uncertainty in the global economic and geopolitical environment affecting its overseas business, including the prolonged situation in Ukraine and concerns over a slowdown caused by monetary tightening. - FY2023WorsenedAnnual report
「The global economic outlook is expected to remain uncertain, including because of concerns about higher prices and energy costs caused by the prolonged situation in Ukraine and a global recession resulting from global monetary tightening.」
Regarding political and economic risks associated with overseas operations, the company additionally specifies the prolonged situation in Ukraine and concerns over an economic downturn resulting from monetary tightening in various countries. - FY2023-Q3RestatedAnnual report
「The global economy also remains uncertain, with concerns over an economic slowdown caused by changes in monetary policy in various countries aimed at curbing inflation resulting from prolonged developments in Ukraine and surging prices, including energy prices.」
The company continues to disclose uncertainty in the overseas political and economic environment, including the prolonged situation in Ukraine. - FY2022WorsenedAnnual report
「The global economic outlook is expected to remain uncertain because the worsening situation in Ukraine and lockdowns resulting from the spread of COVID-19 could disrupt supply chains and drive up raw-material and energy prices.」
Additional sources of uncertainty in the geopolitical and regulatory environment associated with overseas expansion have been identified, including the worsening situation in Ukraine and lockdowns. - FY2021RestatedAnnual report
「The proportion of our group's production and sales activities conducted overseas, mainly in China and Southeast Asia, is increasing. Overseas business operations entail the following risks.」
The company continues to disclose the risks associated with the political and economic environment, social infrastructure, laws, tax systems and regulations as the weighting of its overseas business increases. - FY2020-Q3WorsenedAnnual report
「During the first nine months of the fiscal year, Japan’s economy saw a gradual recovery in personal consumption against a backdrop of improving employment conditions, although economic stagnation continued because of sluggish exports. Overseas, the US and Chinese economies slowed amid the impact of US-China trade friction and other factors, while geopolitical risks also increased, adding to uncertainty over the outlook for the global economy.」
Regarding political and geopolitical risks associated with overseas expansion, the company cites rising geopolitical risks and increasing uncertainty over the outlook for the global economy. - FY2018-Q2WorsenedAnnual report
「Some uncertainty remained over the outlook for the global economy, including heightened geopolitical risks in East Asia.」
The company states that political and geopolitical risks associated with overseas expansion have increased in East Asia. - FY2017RestatedAnnual report
「The proportion of our group's production and sales activities conducted overseas, mainly in China and Southeast Asia, is increasing. Overseas business operations entail the following risks.」
The company continues to disclose the risks associated with the political and economic environment, social infrastructure, laws, tax systems and regulations as the weighting of its overseas business increases. - FY2016First statedAnnual report
「The proportion of our group's production and sales activities conducted overseas, mainly in China and Southeast Asia, is increasing. Overseas business operations entail the following risks: ① political and economic turmoil and conflict; ② disruption caused by inadequate social infrastructure, such as power outages; and ③ unexpected changes in laws, tax systems and regulations.」
The company identifies changes in the political and economic environment, social infrastructure, laws, tax systems and regulations associated with the expansion of its overseas business.