Supply-Chain Disruption from Armed Conflict Between China and Taiwan
First written in FY2022. 1 of 3 entries say "Restated". Latest entry: FY2025.
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- FY2025ReframedAnnual report
「The most significant new geopolitical risk that could arise around Japan is China blockading maritime and air traffic between China and Taiwan. Even without direct armed conflict, a blockade of sea and air routes would cut off trade between Taiwan and the outside world and halt the supply of goods from Taiwan.」
The assumed risk scenario broadened from armed conflict between China and Taiwan to include maritime and air blockades without direct armed conflict. - FY2024RestatedAnnual report
「The most significant new geopolitical risk that could arise in the global economy is an armed conflict between China and Taiwan, which could halt semiconductor manufacturing in Taiwan and paralyze supply chains worldwide.」
The risk that conflict between China and Taiwan could affect semiconductors and supply chains continued to be identified as a top-tier geopolitical risk. - FY2022First statedAnnual report
「The most significant new geopolitical risk that could arise in the global economy is an armed conflict between China and Taiwan, which could halt semiconductor manufacturing in Taiwan and paralyze supply chains worldwide.」
The Group maintains excess liquidity, keeps fixed costs low and converts fixed costs into variable costs to lower its break-even point.