Risks to overseas operations arising from changes in regulations in various countries and joint venture partners
First written in FY2017. 3 of 4 entries say "Materialised", first in FY2018-Q1. Latest entry: 2026-05-14.
Suzuki Motor moved to the "Worse" side of this theme in 2017, 5 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 38 of 76 companies on the "Worse" side.
10 other companies' latest entry also says "Materialised".
- 2026-05-14MaterialisedRevision of earnings forecasts
「Operating profit was ¥26.6 billion, a decrease of ¥4.0 billion (13.0%) from the previous fiscal year. Operating profit declined mainly due to the impact of U.S. tariffs.」
Risks associated with changes in regulations and trade conditions in various countries materialized in the marine business as a full-year decline in operating profit due to U.S. tariffs. - FY2026-H1MaterialisedAnnual report
「Marine: Revenue was ¥60.0 billion, an increase of ¥3.3 billion, or 5.9%, from the same period of the previous year. Operating profit was ¥14.8 billion, a decrease of ¥2.2 billion, or 12.9%, mainly due to the impact of U.S. tariffs.」
The overseas business risk associated with changes in regulations and the trade environment materialized in the form of a 12.9% decline in Marine operating profit due to the impact of U.S. tariffs. - FY2018-Q1MaterialisedAnnual report
「Cash flow from operating activities increased by ¥6.3 billion, a decrease of ¥49.7 billion from the ¥11.27 billion increase in the same period of the previous year. This was mainly due to higher tax payments related to the previous period's financial results and the suppression of shipments in June in anticipation of the introduction of the Goods and Services Tax (GST) in India from July at Maruti Suzuki India Limited, among other factors.」
The risk to the overseas business from regulatory changes in each country materialized in the form of shipments being suppressed in June in connection with the introduction of GST in India. Cash flow from operating activities decreased by ¥49.7 billion year on year, partly due to higher tax payments. - FY2017First statedAnnual report
「These businesses are subject to various laws and other regulations in each country, including those relating to taxation, tariffs, foreign investment and the repatriation of funds. Any changes in these regulations, or in the management policies or business environments of joint venture partners, could adversely affect the Group's operating performance and financial condition.」
Changes in regulations governing taxation, tariffs, foreign investment and remittances in each country, as well as changes in the policies and business environments of joint venture partners, are identified as separate risks to the overseas business.