Country Risks Associated with Overseas Business Expansion
First written in FY2016. 14 of 29 entries say "Restated". Latest entry: 2026-11-12.
The whole theme swung hardest in 2025: 50 of 94 companies on the "Worse" side.
- 2026-11-12RestatedResults
「The outlook remains uncertain due to changes in market conditions in China, the impact of U.S. tariff measures, the prolonged geopolitical risks, and other factors.」
The company reconfirmed the Chinese market, U.S. tariffs, and geopolitical risks as factors contributing to uncertainty in the overseas business environment. - FY2027-H1WorsenedAnnual report
「Overseas, in addition to sharp fluctuations in resource and energy prices due to the situation in the Middle East, the global economy has become unstable and difficult to forecast due to the impact of U.S. trade policies, the stagnation of domestic demand in China, and other factors.」
Regarding the overseas business environment, the company cites sharp fluctuations in resource and energy prices due to the situation in the Middle East, US trade policy and sluggish domestic demand in China, describing the global economy as unstable and difficult to forecast. - 2026-08-05RestatedResults
「Overseas, in addition to sharp fluctuations in resource and energy prices due to the situation in the Middle East, the global economy has become unstable and difficult to forecast due to the impact of U.S. trade policies, the slowdown of the Chinese economy, and other factors.」
The company continued to cite the situation in the Middle East, U.S. trade policies, and the slowdown of the Chinese economy as factors contributing to uncertainty in the overseas business environment. - FY2026RestatedAnnual report
「Supply chain risks, including tight supplies and surging prices of naphtha-derived materials due to conditions in the Middle East, are emerging in the outlook for the global economy.」
The company describes geopolitical and supply chain risks associated with its overseas business, including tight supplies and surging prices of materials against the backdrop of conditions in the Middle East. - 2026-05-14WorsenedResults
「In the automotive industry, although automobile demand has remained stable, the outlook remains uncertain due to changes in market conditions in China, the impact of U.S. tariff measures, and increased supply risks arising from the situation in the Middle East.」
Changes in the Chinese market, U.S. tariffs, and increased supply risks arising from the situation in the Middle East were identified as factors contributing to uncertainty in the automotive industry. - FY2026-H1WorsenedAnnual report
「Overseas, in addition to stagnation in the Chinese economy and the protraction of regional conflicts in Europe and the Middle East, the impact of U.S. tariff policies and other factors has further increased uncertainty about the outlook for the global economy.」
In addition to stagnation in the Chinese economy and the protraction of regional conflicts in Europe and the Middle East, the company identifies U.S. tariff policies as uncertain factors in the overseas business environment and states that uncertainty about the outlook has increased further. - FY2025WorsenedAnnual report
「Overseas, in addition to the economic slowdown in China and regional conflicts in Europe and the Middle East, the U.S. government's tariff policies have recently caused uncertainty to spread across the global economy.」
Regarding the overseas business environment, the U.S. government's tariff policies are identified as a new uncertain factor, in addition to the economic slowdown in China and regional conflicts in Europe and the Middle East. - FY2025-H1RestatedAnnual report
「Overseas, the outlook remains uncertain due to the economic slowdown in China, worsening conditions in the Middle East, and the protracted conflict in Ukraine, among other factors.」
The company continues to identify the economic slowdown in China, worsening conditions in the Middle East, and the protracted conflict in Ukraine as uncertain factors in the overseas business environment. There has been no significant change in the types of risks from the previous filing. - FY2024-Q3WorsenedAnnual report
「The outlook remains uncertain due to continued monetary tightening in Europe and the United States, an economic slowdown in China, and worsening regional conditions in Ukraine and the Middle East, among other factors.」
In addition to the ongoing monetary tightening in Europe and the United States and the economic slowdown in China, the company identifies worsening regional conditions in Ukraine and the Middle East as uncertain factors in the overseas business environment. - FY2024-Q2RestatedAnnual report
「The outlook remains uncertain due to concerns about an economic recession caused by monetary tightening in the US and Europe and slowing growth in China, among other factors.」
The company continues to identify concerns about an economic recession caused by monetary tightening in Europe and the United States, and slowing growth in China, as uncertain factors surrounding its overseas business. - FY2024-Q1WorsenedAnnual report
「The outlook remains uncertain due to concerns about an economic downturn caused by monetary tightening in the US and Europe and slowing growth resulting from the weak property market in China.」
Regarding uncertainty surrounding overseas operations, the filing identifies concerns about an economic downturn caused by monetary tightening in the US and Europe, as well as weakness in China's property market and slowing growth. - FY2023-Q3RestatedAnnual report
「During the current 3rd quarter cumulative consolidated period, economic and social activity was normalizing and the economy showed signs of recovery, while conditions remained unpredictable due to soaring resource and energy prices resulting from the prolonged situation in Ukraine, monetary tightening in the US and Europe as inflation progressed, and sharp exchange-rate fluctuations.」
The filing describes the normalization of economic and social activity and an economic recovery, while continuing to indicate uncertainty due to the situation in Ukraine, soaring resource and energy prices, monetary tightening in the US and Europe and sharp exchange-rate fluctuations. - FY2023-Q2WorsenedAnnual report
「During the current 2nd quarter cumulative consolidated period, the economy showed signs of recovery following the easing of restrictions on activity, but conditions remained unpredictable due to supply-chain disruptions caused by lockdowns in Chinese cities, soaring resource and energy prices resulting from the prolonged situation in Ukraine, monetary tightening in the US and Europe as inflation progressed, and a sharp depreciation of the yen against the dollar.」
In addition to the existing concerns over lockdowns in Chinese cities, the situation in Ukraine, supply chains and resource prices, the filing identifies inflation, monetary tightening in the US and Europe and a sharp depreciation of the yen against the dollar, broadening the scope of uncertainty surrounding overseas operations. - FY2023-Q1WorsenedAnnual report
「During the current 1st quarter cumulative consolidated period, economic conditions remained unpredictable despite signs of a recovery in personal consumption following the easing of restrictions on activity, due to the renewed spread of the novel coronavirus caused by a new variant, supply-chain disruptions from lockdowns in Chinese cities and soaring resource and energy prices resulting from the prolonged situation in Ukraine.」
The filing identifies a new variant, supply-chain disruptions caused by lockdowns in Chinese cities and soaring resource and energy prices resulting from the prolonged situation in Ukraine as sources of uncertainty surrounding overseas operations. - FY2022WorsenedAnnual report
「The global economy is expected to remain uncertain due to soaring resource and energy prices and prolonged supply-chain disruptions following Russia's invasion of Ukraine, as well as concerns about declining economic activity due to the renewed spread of the novel coronavirus.」
In addition to the existing US-China tensions and geopolitical risks, the filing newly identifies soaring resource and energy prices and prolonged supply-chain disruptions following Russia's invasion of Ukraine, indicating that uncertainty in the overseas operating environment has broadened. - FY2022-Q3WorsenedAnnual report
「The outlook remains uncertain due to worsening US-China tensions, soaring raw-material prices and heightened geopolitical risks.」
Regarding the overseas operating environment, the filing identifies worsening US-China tensions and heightened geopolitical risks, indicating that the existing uncertainty in the overseas environment continues. - FY2020RestatedAnnual report
「During the current consolidated fiscal year, Japan's economy stagnated against a backdrop of the consumption-tax increase and the impact of natural disasters, while overseas, uncertainty persisted due to worsening US-China trade friction and issues surrounding the UK's withdrawal from the EU, among other factors.」
The filing continues to describe political and economic uncertainty associated with overseas operations, including US-China trade friction, the UK's withdrawal from the EU and natural disasters. - FY2020-Q3WorsenedAnnual report
「Overseas, the outlook remains uncertain due to escalating tensions in the Middle East, US-China trade friction, the UK's withdrawal from the EU and the spread of a novel virus, among other factors.」
In addition to the existing issues involving the Middle East, US-China trade friction and the UK's withdrawal from the EU, the filing identifies the spread of a novel virus as a source of uncertainty in the overseas operating environment. - FY2020-Q2RestatedAnnual report
「Overseas, the outlook remains uncertain due to worsening US-China trade friction and issues surrounding the UK's withdrawal from the EU, among other factors.」
The filing continues to identify worsening US-China trade friction and the UK's withdrawal from the EU as sources of uncertainty affecting the outlook for overseas operations. - FY2020-Q1WorsenedAnnual report
「Overseas, the outlook remains uncertain due to worsening US-China trade friction and issues surrounding the UK's withdrawal from the EU, among other factors.」
In addition to the worsening US-China trade friction described previously, the filing identifies the UK's withdrawal from the EU as a source of uncertainty in the overseas environment. The scope of political and trade-related concerns has broadened. - FY2019-Q3RestatedAnnual report
「Meanwhile, worsening US-China trade friction, heightened geopolitical risks and stock-price volatility have raised concerns, leaving the outlook uncertain.」
The filing continues to identify worsening US-China trade friction, heightened geopolitical risks and stock-price volatility as external-environment concerns affecting overseas operations. - FY2019-Q2RestatedAnnual report
「Meanwhile, worsening US-China trade friction, heightened geopolitical risks and stock-price volatility have raised concerns, leaving the outlook uncertain.」
The filing continues to identify worsening US-China trade friction and heightened geopolitical risks as external-environment concerns affecting overseas operations. - FY2019-Q1WorsenedAnnual report
「Overseas, concerns about worsening trade friction due to the US's increasingly protectionist stance and heightened geopolitical risks in the Middle East have left the outlook uncertain.」
The filing newly identifies worsening trade friction due to the US's increasingly protectionist stance and heightened geopolitical risks in the Middle East. - FY2018RestatedAnnual report
「Overall, moderate growth is expected going forward, but concerns remain about geopolitical risks and the growing shift toward protectionism.」
The filing continues to identify geopolitical risks, protectionist policies and political and economic uncertainty in overseas regions as concerns for overseas operations. - FY2018-Q3RestatedAnnual report
「Overseas, although employment conditions and corporate performance in the US remain firm, the outlook remains uncertain due to slowing growth in China and heightened security risks in the Middle East and East Asia.」
The filing continues to describe slowing growth in China, increased security risks and an uncertain overseas operating environment. - FY2018-Q2RestatedAnnual report
「Overseas, although the US economy continues to expand, the outlook remains uncertain due to slowing growth in China and heightened security risks in the Middle East and East Asia.」
The filing continues to describe slowing growth in China, increased security risks and an uncertain outlook. No new deterioration from the previous quarter is explicitly identified. - FY2018-Q1WorsenedAnnual report
「Overseas, although China's economic slowdown has come to a halt and signs of recovery have emerged, the outlook remains uncertain due to increasing political uncertainty in the US and Europe and heightened security risks in the Middle East and East Asia.」
The filing identifies increasing political uncertainty in the US and Europe and heightened security risks in the Middle East and East Asia as external factors affecting overseas operations. - FY2017RestatedAnnual report
「Unexpected political or economic instability, changes in laws or systems, rising labor costs, labor issues, and social disruption caused by riots, terrorism, war or other factors may arise in the regions where we operate.」
The filing reiterates the risks associated with political and economic conditions, systems, labor costs, labor issues and social disruption in the regions where we operate as a result of globalization. - FY2016First statedAnnual report
「Unexpected political or economic instability, changes in laws or systems, rising labor costs, labor issues, and social disruption caused by riots, terrorism, war or other factors may arise in the regions where we operate.」
With the advance of globalization, the filing identifies political and economic conditions, systems, labor costs, labor issues and social disruption in the regions where we operate as risks.