Contract, Local Procurement and Competitive Risks in Overseas Business
First written in FY2016. 8 of 11 entries say "Restated". Latest entry: FY2024-Q3.
Mitsubishi Heavy Industries moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2025: 4 of 6 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「Although the Group’s construction projects in Russia have been affected by interruptions and other developments following economic sanctions against Russia resulting from the situation in Ukraine, the impact on its financial position and results of operations, including the impact on asset valuations, during the cumulative third-quarter consolidated period was minor.」
The Group continues to explain that the effects of interruptions and other developments affecting construction projects in Russia, and the impact on its financial position and results of operations including asset valuations, have been minor. - FY2024-Q2RestatedAnnual report
「Although the Group’s construction projects in Russia have been affected by interruptions and other developments following economic sanctions against Russia resulting from the situation in Ukraine, the impact on its financial position and results of operations, including the impact on asset valuations, during the cumulative second-quarter consolidated period was minor.」
The Group continues to explain that the effects of interruptions and other developments affecting construction projects in Russia, and the impact on its financial position and results of operations including asset valuations, have been minor. - FY2024-Q1RestatedAnnual report
「Following economic sanctions against Russia resulting from the situation in Ukraine, the Group’s construction projects in Russia have been affected by interruptions and other developments. However, the impact on the Group’s financial position and results of operations, including asset valuations, during the cumulative first-quarter consolidated period was minor.」
The Group continues to explain that the effects of interruptions and other developments affecting construction projects in Russia have continued, while the impact on its financial position and results of operations has been minor. - FY2023RestatedAnnual report
「Although the Group’s construction projects in Russia have been affected by interruptions and other developments following economic sanctions against Russia resulting from the situation in Ukraine, the impact on its financial position and results of operations, including asset valuations, for the current consolidated fiscal year has been minor. However, the possibility cannot be ruled out that surging raw material prices, supply chain disruptions and other factors could affect the Group’s financial results and other aspects of its business going forward.」
The effects of interruptions and other developments affecting construction projects in Russia have continued, but the Group explained that the impact on its financial position and results of operations for the fiscal year was minor. It also described the possibility of future spillover effects from raw material prices and the supply chain. - FY2023-Q2RestatedAnnual report
「Following economic sanctions against Russia resulting from the situation in Ukraine, the Group’s construction projects in Russia have been affected by interruptions and other developments. However, the impact on the Group’s financial position and results of operations, including asset valuations, during the cumulative second-quarter consolidated period was minor.」
The Group continues to explain that the effects of interruptions and other developments affecting construction projects in Russia have continued, while the impact on its financial position and results of operations has been minor. - FY2023-Q1RestatedAnnual report
「Following economic sanctions against Russia resulting from the situation in Ukraine, the Group’s construction projects in Russia have been affected by interruptions and other developments. However, the impact on the Group’s financial position and results of operations, including asset valuations, during the cumulative first-quarter consolidated period was minor.」
The effects of interruptions and other developments affecting construction projects in Russia have continued, but the Group explained that the impact on its financial position and results of operations for the first quarter was minor. - FY2022MaterialisedAnnual report
「Following economic sanctions against Russia resulting from the situation in Ukraine, the Group’s construction projects in Russia have been affected by interruptions and other developments.」
Geopolitical risks relating to the Group’s overseas businesses materialized in the form of interruptions and other effects on construction projects in Russia. However, the Group explained that the impact on its financial position and results of operations for the fiscal year was minor. - FY2020WorsenedAnnual report
「The Group has begun to experience delays in recognizing revenue due to delays in the progress of projects already won, particularly overseas projects, as well as the effects of travel restrictions, supply chain disruptions, delays in contract negotiations and delays in the order acquisition process.」
In its overseas businesses, the Group has experienced travel restrictions associated with the spread of infectious diseases, supply chain disruptions, and delays in project progress, contract negotiations and the order acquisition process. - FY2019RestatedAnnual report
「The Group seeks to expand its exports and overseas businesses worldwide. However, unexpected problems associated with local procurement of components and local construction, claims from counterparties due to delivery delays or failure to meet performance requirements, counterparty defaults and other factors could affect the Group’s financial results and other aspects of its business.」
The Group continues to disclose risks associated with local procurement, construction, delivery schedules and performance, and the creditworthiness of counterparties in connection with the expansion of its overseas businesses. - FY2017RestatedAnnual report
「Individual contracts in the Group’s overseas businesses are subject to risks including poor quality or delayed delivery of locally procured materials, insufficient skills among local workers, distinctive local labor practices and one-sided contract terms.」
The Group continues to identify risks relating to local procurement, construction, labor and contract terms in its overseas businesses. - FY2016First statedAnnual report
「The Group seeks to expand its exports and overseas businesses worldwide. However, unexpected problems associated with local procurement of components and local construction, claims from counterparties due to delivery delays or failure to meet performance requirements, counterparty defaults and other factors could affect the Group’s financial results.」
The Group lists risks associated with local procurement, construction, contracts and customer credit in connection with the expansion of its overseas businesses.