Risks from Laws and Regulations, Political and Economic Conditions, and Social Unrest Associated with Overseas Expansion
First written in FY2016. 18 of 34 entries say "Restated". Latest entry: 2026-11-05.
The whole theme swung hardest in 2025: 49 of 95 companies on the "Worse" side.
- 2026-11-05RestatedResults
「中東情勢の緊迫化等による原材料価格の上昇やサプライチェーンへの影響懸念、政策金利の引上げに伴う金利上昇等、不透明な状況が継続しております。」
中東情勢、原材料価格、サプライチェーン、金利上昇を外部環境の不透明要因として引き続き記載している。 - FY2026WorsenedAnnual report
「During the consolidated fiscal year, the economic environment became increasingly uncertain owing to continued inflation, the downside risk to economic activity resulting from developments in US trade policy, and concerns in the second half of the fiscal year about the impact of escalating tensions in the Middle East.」
Regarding external environmental risks affecting overseas markets and the global economy, escalating tensions in the Middle East have been added to continued inflation and US trade policy as new concerns. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, the economic environment became increasingly uncertain owing to continued inflation and the downside risk to economic activity resulting from developments in US trade policy.」
It continues to recognize continued inflation and the downside risk to economic activity resulting from US trade policy as factors contributing to uncertainty in overseas markets and the global economy. - FY2025WorsenedAnnual report
「During the consolidated fiscal year, the economic environment became increasingly uncertain owing to continued inflation, intensifying competition in the Chinese market and, more recently, developments in US trade policy.」
In addition to intensifying competition in the Chinese market, it explicitly identifies developments in US trade policy as a new factor contributing to uncertainty regarding overseas markets and the global economy. - FY2025-H1WorsenedAnnual report
「During the interim consolidated accounting period, the economic environment remained uncertain owing to continued inflation resulting from persistently high raw material and energy prices, as well as rising geopolitical risks.」
In addition to the previously identified persistently high material and energy prices, it explicitly identifies rising geopolitical risks, with factors contributing to uncertainty in overseas markets and the global economy continuing. - FY2024RestatedAnnual report
「During the consolidated fiscal year, the economic environment remained uncertain as global monetary tightening, increasing instability in the global situation, and persistently high material and energy prices continued.」
It continues to describe global monetary tightening, increasing instability in the global situation, and persistently high material and energy prices as existing external environmental risks relating to overseas markets and the global economy. - FY2024-Q2RestatedAnnual report
「However, global monetary tightening, increasing instability in the global situation, and persistently high material and energy prices continue, leaving the outlook uncertain.」
While indicating a moderate recovery trend resulting from the normalization of economic activity, it continues to describe global monetary tightening, increasing instability in the global situation, and persistently high material and energy prices as external environmental factors contributing to uncertainty. - FY2024-Q1WorsenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the economic environment remained on a moderate recovery trend as economic activity normalized, partly because COVID-19 was reclassified under the Infectious Diseases Control Law from Category 2 to Category 5. Meanwhile, global monetary tightening, uncertainty surrounding the situation in Ukraine, and persistently high material and energy prices continued, leaving the outlook uncertain.」
While indicating a recovery trend resulting from the normalization of economic activity, it explicitly identifies the previously cited situation in Ukraine and persistently high material and energy prices, together with global monetary tightening, as factors contributing to uncertainty. - FY2023-Q3RestatedAnnual report
「No new business or other risks arose during the nine-month period of the third quarter of the current consolidated fiscal year. In addition, no material changes have occurred in the business and other risks described in the securities report for the previous fiscal year.」
It states that there have been no new developments or significant changes in existing risks associated with overseas expansion, including legal systems, political and economic conditions, geopolitical factors and social disruption. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the economic environment remained uncertain owing to intermittent outbreaks of COVID-19, tight supply and demand for electronic components, and higher material and energy prices resulting from the deteriorating situation in Ukraine and other factors.」
It continues to identify intermittent outbreaks of infectious diseases, tight supply and demand for electronic components, the situation in Ukraine, and high material and energy prices as factors contributing to uncertainty in overseas markets and the global economy. - FY2023-Q1WorsenedAnnual report
「The economic environment during the cumulative first quarter of the current consolidated fiscal year remained uncertain, due to lockdowns in China accompanying the spread of COVID-19, tight supply and demand for electronic components, and soaring material and energy prices resulting from the worsening situation in Ukraine, among other factors.」
Regarding external environmental risks associated with overseas expansion, China's lockdowns, the deteriorating situation in Ukraine, tight supply and demand for electronic components, and high material and energy prices are also cited as new factors contributing to uncertainty. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the economies of the United States and Europe, in particular, remained on a recovery trend owing to the increasing prevalence of COVID-19 vaccinations and economic measures implemented by governments. Meanwhile, the emergence of new variants led to renewed infections, raising concerns about the impact on the economy going forward.」
An economic recovery trend in the United States and Europe, in particular, coexisted with concerns about renewed infections caused by new variants and their impact on the economy. - FY2022-Q2Coexistence of an economic recovery trend and uncertainty caused by renewed infectionsAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, the economies of the United States and Europe, in particular, remained on a recovery trend owing to the increasing prevalence of COVID-19 vaccinations and economic measures implemented by governments. Meanwhile, waves of renewed infections continued to occur intermittently, and the economic outlook remained uneven.」
While a recovery trend was evident in the economies of the United States and Europe, in particular, the economic outlook remained uneven owing to renewed infections. - FY2022-Q1Coexistence of an economic recovery trend and the risk of a resurgence in infectionsAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the economies of the United States and Europe, in particular, were on a recovery trend year on year owing to the increasing prevalence of COVID-19 vaccinations and economic measures implemented by governments. Meanwhile, waves of renewed infections caused by variants and other factors continued to occur intermittently, leaving the economic outlook uncertain.」
While a recovery trend was evident in the economies of the United States and Europe, in particular, the outlook remained uncertain owing to renewed infections caused by variants and other factors. - FY2021-Q1WorsenedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, the global economy faced an extremely challenging environment as the spread of COVID-19 and restrictions on economic activity to prevent its spread caused corporate production activity and personal consumption to stagnate.」
In addition to the previously identified factors contributing to uncertainty in the overseas business environment, it describes the global stagnation of production activity and personal consumption resulting from the spread of COVID-19 and restrictions on economic activity. - FY2020WorsenedAnnual report
「During the consolidated fiscal year, the economic environment was affected by the prolonged trade friction between the United States and China, the slowdown in China's economy and issues including the United Kingdom's withdrawal from the EU. In the fourth quarter, the global spread of COVID-19 further intensified the sense of stagnation in economic activity.」
In addition to the previously identified trade friction, China's economic slowdown and the United Kingdom's withdrawal from the EU, it explicitly identifies the global spread of COVID-19 as a factor contributing to uncertainty in overseas markets and the global economy. - FY2020-Q3RestatedAnnual report
「However, the outlook remains uncertain owing to concerns including trade friction between the United States and China, the United Kingdom's withdrawal from the EU, and economic slowdowns in the euro area and China.」
It continues to identify trade friction between the United States and China, the United Kingdom's withdrawal from the EU, and economic slowdowns in the euro area and China as factors contributing to uncertainty in the overseas business environment. - FY2020-Q2WorsenedAnnual report
「The outlook remained uncertain owing to the impact of natural disasters, including torrential rain and typhoons in various regions, on economic activity, as well as the increasing downside risk to the global economy from developments in trade friction resulting from the US administration's shift toward protectionism.」
It explicitly identifies the impact of natural disasters on economic activity and the increasing downside risk to the global economy from protectionism and trade friction, and continues to cite factors contributing to uncertainty in overseas markets and the global economy. - FY2020-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy remained on a moderate recovery trend against a backdrop of improved corporate earnings and employment conditions. However, the outlook remained uncertain amid the risk that the US administration's shift toward protectionism could intensify the resulting trade friction.」
It continues to describe US protectionism and the risk of intensifying trade friction as factors contributing to uncertainty in the overseas economy and business environment. - FY2019RestatedAnnual report
「Future expansion into overseas markets entails risks including 1) unexpected changes in laws or tax systems, 2) adverse political or economic factors, and 3) terrorism, war and other forms of social disruption.」
It continues to describe the risks associated with overseas expansion, including legal systems, political and economic conditions, terrorism, war and social disruption. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, Japan's economy generally remained on a moderate recovery trend against a backdrop of improved corporate earnings and employment conditions. However, the outlook remained uncertain owing to the increasing downside risk to the global economy resulting from trade friction between the United States and China and uncertainty over the US administration's policy administration.」
It continues to recognize trade friction between the United States and China, uncertainty over the US administration's policy administration, and the increasing downside risk to the global economy as factors contributing to uncertainty in the overseas environment. - FY2019-Q2WorsenedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, Japan's economy remained on a moderate recovery trend against a backdrop of improved corporate earnings and employment conditions. However, the outlook remained uncertain owing to the impact of natural disasters, including torrential rain, typhoons and earthquakes in various regions, on economic activity, as well as the increasing downside risk to the global economy from developments in trade friction resulting from the US administration's shift toward protectionism.」
It explicitly identifies the impact of natural disasters on economic activity and the increasing downside risk to the global economy from developments in trade friction, stating that the outlook remained uncertain. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter of the current consolidated fiscal year, Japan's economy remained on a moderate recovery trend against a backdrop of improved corporate earnings and employment conditions. However, the outlook remained uncertain amid the risk that the US administration's shift toward protectionism could intensify the resulting trade friction.」
It continues to identify the US administration's shift toward protectionism and the risk of intensifying trade friction as factors contributing to uncertainty in the overseas economy. - FY2018WorsenedAnnual report
「Overseas, concerns have emerged regarding US policy trends, geopolitical risks and rising economic friction between the United States and China, and the outlook remains uncertain.」
In addition to existing overseas policy and geopolitical risks, it identifies rising economic friction between the United States and China as a concern, with uncertainty in the overseas environment continuing. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative first three quarters of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no significant changes in overseas expansion risks, including overseas political and economic trends, changes in legal systems and social disruption. - FY2018-Q2RestatedAnnual report
「No new business or other risks arose during the cumulative first half of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no significant changes in overseas expansion risks, including overseas political and economic trends, changes in legal systems and social disruption. - FY2018-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It states that there have been no significant changes in overseas expansion risks, including overseas political and economic trends, changes in legal systems and social disruption. - FY2017RestatedAnnual report
「During the consolidated fiscal year, Japan's economy remained on a moderate recovery trend, supported by improvements in income and employment and a recovery in production activity, particularly exports. Overseas, concerns included the direction of policy administration under the new US administration, the United Kingdom's withdrawal from the EU, slowing economies in China and emerging markets, and rising geopolitical risks, leaving the outlook uncertain.」
The company continues to recognize US policy administration, the United Kingdom's withdrawal from the EU, economic slowdowns in China and emerging markets, and geopolitical risks as factors contributing to uncertainty in overseas operations. - FY2017-Q3WorsenedAnnual report
「Overseas, the issue of the United Kingdom's withdrawal from the EU remained ongoing, while in the United States, personal consumption and corporate activity continued to expand. However, the outlook has become uncertain owing to changes in policy direction accompanying the inauguration of the new president. In Asia, uncertainty has increased further owing to the impact of the slowdown in China's economy.」
It states that uncertainty surrounding the overseas political and economic environment increased further owing to the United Kingdom's withdrawal from the EU, changes in US policy and the slowdown in China's economy. - FY2017-Q2RestatedAnnual report
「In addition to overseas economic trends and political instability, the outlook for the economy remains uncertain due to factors including exchange-rate movements caused by rapid yen appreciation.」
External environmental risks associated with overseas expansion, including overseas economic trends and political instability, continue to be recognized. - FY2017-Q1RestatedAnnual report
「In addition to overseas economic trends and political instability, the outlook for the economy remains uncertain due to factors including exchange-rate movements caused by rapid yen appreciation.」
External environmental risks associated with overseas expansion, including overseas economic trends and political instability, continue to be recognized. - FY2016First statedAnnual report
「Future expansion into overseas markets entails risks including 1) unexpected changes in laws or tax systems, 2) adverse political or economic factors, and 3) terrorism, war and other forms of social disruption.」
External environmental risks associated with entering and expanding in overseas markets are described under three categories.