Political, Regulatory and Disaster Risks at Overseas Locations
First written in FY2016. 15 of 37 entries say "Worsened", first in FY2017-Q1. Latest entry: 2026-11-12.
Daishinku Corp. moved to the "Worse" side of this theme in 2019, 3 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 54 of 109 companies on the "Worse" side.
40 other companies' latest entry also says "Worsened".
- 2026-11-12WorsenedResults
「メモリ半導体価格の高騰や、地政学リスクに付随した原油・天然ガス等の資源価格の高止まりが依然として世界経済の下振れ圧力として作用し、全体として先行き不透明な状況が続きました。」
従来の地政学リスクに加え、資源価格の高止まりが世界経済の下振れ圧力として記載された。 - FY2027-H1WorsenedAnnual report
「The Chinese economy remained sluggish, with personal consumption and capital investment lacking momentum. In addition, soaring memory semiconductor prices and persistently elevated prices for resources such as crude oil and natural gas, associated with geopolitical risks, continued to weigh on the downside of the global economy, and the overall outlook remained uncertain.」
Weakness in the Chinese economy, soaring memory semiconductor prices, persistently elevated prices for resources such as crude oil and natural gas, and geopolitical risks continued to be identified as sources of uncertainty in the overseas business environment. - 2026-08-10WorsenedResults
「一方、中国経済は、個人消費が低調に推移し、設備投資も減速傾向となるなど、景気は減速しました。さらに、中東情勢の緊迫化に伴う原油、ガス、ヘリウム等の天然資源供給不安や、AIデータセンターの需要増加に伴うメモリ半導体価格の高騰が依然として世界経済の下振れ圧力として作用し、全体として先行き不透明な状況が続きました。」
中国経済の減速、天然資源供給不安及びメモリ半導体価格高騰が、引き続き海外事業環境の下振れ要因として記載された。 - FY2026WorsenedAnnual report
「In addition, concerns over supplies of natural resources such as crude oil, gas and helium due to heightened tensions in the Middle East, and a sharp rise in memory semiconductor prices due to increased demand from AI data centers, exerted downward pressure on the global economy, and uncertainty about the outlook continued overall.」
In addition to the existing geopolitical risks and economic slowdown, concerns in the overseas business environment were newly identified, including uncertainty over natural resource supplies due to the situation in the Middle East and sharply rising memory semiconductor prices. - 2026-05-14WorsenedResults
「In addition, concerns over supplies of natural resources such as crude oil, gas and helium due to heightened tensions in the Middle East, and a sharp rise in memory semiconductor prices due to increased demand from AI data centers, exerted downward pressure on the global economy, and uncertainty about the outlook continued overall.」
中東情勢、天然資源供給不安及びメモリ半導体価格急騰が新たな不透明要因として記載された。 - FY2026-H1Explicit identification of slowing global economic recovery and a Chinese economic slowdownAnnual report
「During the first half of the fiscal year ending March 2026 (1 April 2025 to 30 September 2025), domestic capital investment remained firm and personal consumption was resilient, allowing the economy to maintain a moderate recovery trend. In the US, however, economic recovery slowed amid sluggish personal consumption, while China's economy slowed due to stagnant domestic demand and other factors. Overall, global economic recovery showed signs of slowing, and uncertainty about the outlook continued as concerns spread over geopolitical risks and changes in monetary policy in various countries.」
While domestic capital investment and personal consumption were described as firm, the disclosure cited slower economic recovery in the US, stagnant domestic demand and an economic slowdown in China, and concerns over geopolitical risks and changes in monetary policy, indicating increased uncertainty in the overseas business environment. - FY2025-H1RestatedAnnual report
「During the first half of the fiscal year ending March 2025 (1 April 2024 to 30 September 2024), global economic recovery showed signs of slowing due to continuing inflation and other factors. Capital investment remained sluggish, particularly in manufacturing, while geopolitical risks remained high, and uncertainty about the outlook continued.」
Slowing economic recovery due to continuing inflation, sluggish capital investment in manufacturing, and high geopolitical risks continued to be cited as longstanding concerns in the overseas business environment. - FY2024-Q3RestatedAnnual report
「During the first nine months of the fiscal year ending March 2024 (1 April 2023 to 31 December 2023), global economic recovery showed signs of slowing due to rising prices caused by inflation and higher policy rates. Capital investment remained sluggish, particularly in manufacturing, while geopolitical risks remained high, and uncertainty about the outlook continued.」
Inflation, slowing economic recovery due to higher policy rates, sluggish capital investment in manufacturing, and high geopolitical risks continued to be cited as factors contributing to uncertainty in the overseas business environment. - FY2024-Q2Slowing economic recovery and persistent geopolitical risksAnnual report
「During the first half of the fiscal year ending March 2024 (1 April 2023 to 30 September 2023), global economic recovery showed signs of slowing due to rising prices caused by inflation and higher policy rates. Capital investment remained sluggish, particularly in manufacturing, while geopolitical risks remained high, and uncertainty about the outlook continued.」
Inflation, slowing economic recovery due to higher policy rates, sluggish capital investment in manufacturing, and high geopolitical risks were cited as factors contributing to uncertainty in the overseas business environment. - FY2024-Q1RestatedAnnual report
「During the first quarter, concerns over an economic slowdown increased as monetary policies addressing rising inflation in various countries continued for an extended period. Capital investment remained sluggish, particularly in manufacturing, and risks to energy supplies arising from the situation in Ukraine remained high, so uncertainty about the outlook continued.」
The disclosure cited the prolonged monetary policies addressing inflation, sluggish capital investment particularly in manufacturing, and risks to energy supplies. Meanwhile, the business risk section states that there are no new risks or material changes. - FY2023-Q3WorsenedAnnual report
「During the first nine months of the fiscal year ending March 2023 (1 April 2022 to 31 December 2022), monetary policies addressing rising inflation in various countries heightened signs of an economic slowdown. In addition to exchange-rate fluctuations, the prolonged semiconductor shortage, and risks to energy supplies arising from the situation in Ukraine, uncertainty about the outlook continued as significant easing of China's zero-COVID policy caused disruption.」
In addition to monetary policies addressing inflation, exchange-rate fluctuations, the semiconductor shortage, and risks to energy supplies associated with the situation in Ukraine, disruption caused by the significant easing of China's zero-COVID policy was newly cited. - FY2023-Q2MaterialisedAnnual report
「The yen's depreciation accelerated in Japan, while supply chains in China were disrupted by the impact of the Shanghai lockdown under its zero-COVID policy. In addition, monetary policies addressing rising inflation in various countries continued and were strengthened, increasing signs of an economic slowdown.」
Supply-chain disruptions caused by the Shanghai lockdown in China, monetary policies addressing inflation, and signs of an economic slowdown were cited as specific impacts on the overseas business environment. - FY2023-Q1WorsenedAnnual report
「The yen depreciated sharply in Japan, while supply chains were disrupted in China by lockdowns under its zero-COVID policy. In addition, monetary policies addressing rising inflation in various countries heightened concerns over an economic slowdown. Uncertainty about the outlook continued due to renewed infections caused by COVID-19 variants, the prolonged semiconductor shortage, and increasingly apparent risks to energy supplies arising from the situation in Ukraine.」
Uncertainty in the overseas business environment increased due to supply-chain disruptions caused by lockdowns in China, monetary policies addressing inflation, and increasingly apparent risks to energy supplies arising from the situation in Ukraine. - FY2022WorsenedAnnual report
「Various risks are a concern in the future economic environment, including disruption to economic activity involving lockdowns due to renewed COVID-19 infections, surging energy resource prices arising from the situation in Ukraine, and exchange-rate fluctuations resulting from monetary tightening by the FRB. Economic activity is expected to require additional time to stabilize.」
In addition to the existing risks relating to pandemics, political conditions and economic fluctuations, lockdowns, surging energy prices associated with the situation in Ukraine, and exchange-rate fluctuations resulting from monetary tightening were cited as new concerns. - FY2022-Q3MaterialisedAnnual report
「During the first nine months of the fiscal year ending March 2022 (1 April 2021 to 31 December 2021), domestic capital investment increased, while personal consumption in Europe and the US showed signs of expansion. In addition, the spread of COVID-19 vaccinations in various countries contributed to a generally recovering global economy. However, risk factors affecting economic activity, including renewed infections caused by COVID-19 variants and the prolonged semiconductor shortage, became increasingly apparent, and uncertainty about the outlook continued.」
While the global economy was described as being on a recovery trend, renewed infections caused by COVID-19 variants and the prolonged semiconductor shortage became apparent as risk factors affecting economic activity. - FY2022-Q2Recovery trend coexisting with the risk of renewed infectionsAnnual report
「During the first half of the fiscal year ending March 2022 (1 April 2021 to 30 September 2021), domestic capital investment increased, while personal consumption in Europe and the US showed signs of expansion. In addition, the spread of COVID-19 vaccinations in various countries contributed to a generally recovering global economy. However, uncertainty about the outlook continued as the risk of renewed infections had not been eliminated and the semiconductor shortage was prolonged.」
A recovery trend was evident, supported by domestic capital investment, personal consumption in Europe and the US, and the spread of vaccinations. However, uncertainty about the outlook continued due to the risk of renewed infections and the prolonged semiconductor shortage. - FY2022-Q1Recovery trend alongside continued uncertaintyAnnual report
「During the first quarter of the fiscal year ending March 2022 (1 April 2021 to 30 June 2021), economic activity increased domestic capital investment, while personal consumption in Europe, the US and China showed signs of expansion. In addition, progress in COVID-19 vaccinations in various countries supported a generally recovering trend. However, uncertainty about the outlook continued as waves of renewed infections occurred intermittently and US-China trade friction persisted.」
Economic activity entered a recovery trend, supported by domestic capital investment, personal consumption in Europe, the US and China, and progress in vaccinations. Meanwhile, uncertainty about the outlook continued due to renewed infections and US-China trade friction. - FY2021RestatedAnnual report
「Our group produces in Japan, China, Indonesia, Taiwan and Thailand. Natural disasters, pandemics, social disruption caused by terrorism or war, deterioration in political conditions in the relevant country and other factors could affect the development of our group's business.」
Risks relating to natural disasters, pandemics and political conditions at overseas production locations continue to be cited. - FY2021-Q3RestatedAnnual report
「No new business or other risks arose during the first nine months of the current fiscal year. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year. The Company will continue to monitor the future situation regarding the impact of COVID-19 on its business.」
It states that there are no new risks or material changes and continues to monitor the impact of COVID-19 on the business and uncertainty about the outlook. - FY2021-Q2RestatedAnnual report
「Regarding the impact of COVID-19 on our business, we will continue to closely monitor developments.」
The impact of COVID-19 on the business and the resulting uncertainty continue to be recognized. The risk section states that there are no new risks or material changes. - FY2021-Q1MaterialisedAnnual report
「Economic activity during the first quarter of the fiscal year ending March 2021 (1 April 2020 to 30 June 2020) was generally sluggish due to the spread of COVID-19.」
The impact of the pandemic, explicitly identified as a risk in the previous fiscal year, materialized in the form of sluggish economic activity, declining sales including at overseas locations, and an uncertain business environment ahead. - FY2020WorsenedAnnual report
「Our group produces in Japan, China, Indonesia, Taiwan and Thailand. Natural disasters, pandemics, social disruption caused by terrorism or war, deterioration in political conditions in the relevant country and other factors could affect the development of our group's business.」
In addition to the existing risks relating to natural disasters, political conditions and regulations at overseas locations, the pandemic was explicitly identified. With respect to COVID-19, the disclosure described its broad impact on economic activity and the possibility that this impact would continue into the fiscal year ending March 2021. - FY2020-Q3RestatedAnnual report
「The US economy continued to expand, supported by improvements in employment conditions and increased personal consumption, while political uncertainty, including the issue of the UK's withdrawal from the EU, persisted in Europe. In Asia, particularly China, the economy remained on a slowing trend, partly due to the impact of US-China trade friction.」
The slowdown in Asia, particularly China, affected by political uncertainty in Europe and US-China trade friction, continued to be cited as a concern in the overseas business environment. - FY2020-Q2RestatedAnnual report
「The US economy continued to expand, supported by improvements in employment conditions and increased personal consumption, while political uncertainty, including the issue of the UK's withdrawal from the EU, persisted in Europe. In Asia, particularly China, the economy remained on a slowing trend, partly due to the impact of US-China trade friction.」
The slowdown in Asia, particularly China, affected by political uncertainty in Europe and US-China trade friction, was cited as a concern in the overseas business environment, continuing from the previous quarter. - FY2020-Q1WorsenedAnnual report
「The US economy continued to expand, supported by improvements in employment conditions and increased personal consumption, while political uncertainty persisted in Europe. In Asia, particularly China, the economy remained on a slowing trend, partly due to the impact of US-China trade friction.」
The disclosure cited continued political uncertainty in Europe and a slowdown in Asia, particularly China, resulting from the impact of US-China trade friction, indicating that uncertainty in the overseas business environment has persisted. - FY2019WorsenedAnnual report
「The US economy continued to expand, supported by improvements in employment conditions, while political uncertainty increased in Europe. In Asia, particularly China, the economy was affected by US-China trade friction, and uncertainty increased toward the end of the fiscal year.」
In addition to the longstanding uncertainty surrounding overseas economic and political developments, the disclosure cited political uncertainty in Europe and the impact of US-China trade friction, indicating increased uncertainty. - FY2019-Q3WorsenedAnnual report
「Meanwhile, US-China trade friction has become increasingly apparent, and concerns over an economic slowdown, particularly in China, have intensified.」
It states that the US-China trade friction cited as a concern in the previous quarter had become increasingly apparent and that signs of an economic slowdown, particularly in China, had intensified. - FY2019-Q2WorsenedAnnual report
「The global economy was generally firm, but concerns are growing over the increasingly apparent impact of US-China trade friction.」
In addition to the existing uncertainty surrounding overseas economic and political developments, increasingly apparent US-China trade friction was cited as a new concern. - FY2019-Q1Some weakness in the Chinese economyAnnual report
「China remained generally firm, although some weakness was observed in certain areas.」
It states that, while some weakness was seen in the Chinese economy, it was generally firm. - FY2018RestatedAnnual report
「Overseas, the strength of the US economy and the gradual recovery of the European economy are expected to continue, and the Asian economy is also expected to remain on a recovery trend. However, overall instability resulting from political developments and changes in economic policy remains a concern, and uncertainty about the outlook is expected to continue.」
The company continues to describe instability resulting from political developments and changes in economic policy, as well as uncertainty about the outlook, as risks to its overseas business. - FY2018-Q3RestatedAnnual report
「In the global economy, the US economy continued to expand, supported by improvements in employment conditions and resilient personal consumption, while Europe continued its gradual recovery, supported by improvements in employment conditions. China also remained on a gradual recovery trend, with exports and personal consumption showing signs of expansion.」
The company continues to describe the US expansion trend, Europe's gradual recovery, and China's gradual recovery trend as business conditions. - FY2018-Q2RestatedAnnual report
「In the global economy, the US economy continued to expand, supported by improvements in employment conditions and resilient personal consumption, while Europe also remained on a gradual recovery trend, supported by improvements in employment conditions. China showed signs of recovery, supported by infrastructure investment and other factors.」
The company continues to describe the US expansion trend, Europe's gradual recovery trend, and China's recovery supported by infrastructure investment. - FY2018-Q1Signs of recovery in Europe and ChinaAnnual report
「In the global economy, the US economy continued to expand, supported by improvements in employment conditions, while Europe remained on a gradual recovery trend. China also showed signs of recovery, supported by infrastructure investment and other factors.」
The company states that Europe remained on a gradual recovery trend and that China showed signs of recovery, supported by infrastructure investment. - FY2017-Q3Europe on a recovery trendAnnual report
「In the global economy, the US economy remained firm, led by personal consumption, and continued to expand. Although uncertainty remained in Europe, including over the UK's departure from the EU, the region entered a gradual recovery trend, supported by steady personal consumption. In Asia, the slowdown in China's economic growth continued.」
The company described Europe as being on a gradual recovery trend, supported by solid personal consumption despite continued uncertainty over the UK's departure from the EU. The slowdown in China's economic growth continued. - FY2017-Q2RestatedAnnual report
「In the global economy, the US economy continued to expand, while uncertainty in Europe increased due to the impact of the UK's departure from the EU and concerns about financial risks. In Asia, the slowdown in China's economic growth continued.」
The company continues to describe uncertainty in Europe resulting from the UK's departure from the EU and financial risks, as well as the continued slowdown in China's economic growth. - FY2017-Q1WorsenedAnnual report
「In the global economy, the US economy continued to expand, while uncertainty about the outlook in Europe increased following the UK's decision to leave the EU in a referendum. In Asia, the slowdown in China's economic growth continued.」
The company states that the UK's decision to leave the EU increased uncertainty about Europe's outlook and that the slowdown in China's economic growth continued. - FY2016First statedAnnual report
「The Group operates in various countries, with production in China, Indonesia, Taiwan and Thailand and sales in the United States, Europe, Singapore, China, Hong Kong, Taiwan and Thailand. The Group's results may be affected by natural disasters, social disruption caused by terrorism or war, deterioration in political conditions, changes in economic conditions, unexpected changes in laws and regulations, difficulties in securing personnel, inadequate infrastructure, and other factors in those countries.」
The company lists the risks associated with overseas production and sales, including natural disasters, geopolitics, economic conditions, regulations, personnel, and infrastructure.