Country Risk in Overseas Businesses
First written in FY2017. 2 of 5 entries say "Worsened", first in FY2022. Latest entry: FY2026.
The whole theme swung hardest in 2025: 50 of 94 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「In recent years, the international situation has changed significantly, including developments in the Middle East, the situation in Russia and Ukraine, and tensions between the United States and China, making the outlook uncertain. Our group operates in Japan, Asia, Australia, Europe, the Middle East, Africa, North America and South America. Developments affecting these regions may disrupt business activities, as well as the export of products, import of raw materials and dispatch of engineers by group companies, potentially affecting our group’s business performance.」
Overseas country risk was organized as a broad international geopolitical risk covering the Middle East, Russia and Ukraine, and US-China tensions. - FY2023MitigatedAnnual report
「Regarding the impact of the situation in Russia and Ukraine, the company expects no material impact on business performance, but will continue to monitor the situation closely, carefully assess the impact on business performance, compliance risks and commercial risks, and respond appropriately.」
Regarding the situation in Russia and Ukraine, the Company stated that it would continue monitoring and scrutinizing developments, while expecting no significant impact on business performance. - FY2022WorsenedAnnual report
「Regarding the impact of the situation in Russia and Ukraine, Hitachi Zosen Inova AG is currently supplying equipment for waste-to-energy facility construction at 4 sites near Moscow. For this project, insurance from SERV, Switzerland's public export credit insurer, was used to prepare for overseas transaction risks, including war and sanctions, when the contract was concluded. Although the project is not subject to economic sanctions, the Company will confirm the details of economic sanctions announced by each country and institution and respond appropriately while scrutinizing the potential impact on future business performance, compliance risks, and commercial risks.」
Specific additions to overseas country risks included the situation in Russia and Ukraine, war and sanctions risks, and 4 projects near Moscow. - FY2019RestatedAnnual report
「The Group is working to expand its overseas business and collect information on country risks in overseas markets and raise awareness within the Group. However, if risks materialize due to local political instability, trade sanctions, differences in culture or legal systems, or distinctive labor-management relations, smooth business operations may be disrupted, adversely affecting the Group's business performance and financial position.」
Country risks associated with overseas business expansion, including political conditions, sanctions, legal systems, and labor-management relations, and responses through information gathering and awareness-building were reiterated. - FY2017First statedAnnual report
「The Group is working to expand its overseas business and collect information on country risks in overseas markets and raise awareness within the Group. However, if risks materialize due to local political instability, trade sanctions, differences in culture or legal systems, or distinctive labor-management relations, smooth business operations may be disrupted, adversely affecting the Group's business performance and financial position.」
Country risks associated with overseas business expansion, including political conditions, sanctions, legal systems, and labor-management relations, were organized.