Uncertainty Regarding Laws, Policies, Tax Systems and Other Factors in Overseas Operations
First written in FY2016. 21 of 34 entries say "Restated". Latest entry: 2026-08-06.
The whole theme swung hardest in 2025: 47 of 94 companies on the "Worse" side.
- 2026-08-06MaterialisedEarnings
「Although sales increased in Japan, Thailand and the United States, operating profit was ¥1,944 million, down ¥424 million, or 17.9%, from the first quarter of the previous fiscal year, due to higher materials costs in Japan and increased tariff burdens in the United States, among other factors.」
Higher tariff burdens in the United States were reflected in actual results as a factor behind the decline in operating profit, demonstrating the impact of policy and trade uncertainty on the overseas business. - FY2026MaterialisedAnnual report
「The Group saw an impact on costs and pricing strategies against the backdrop of trends in additional tariffs and tariff increases in the United States, US-China relations, and rising tensions in the Middle East and other regions.」
Geopolitical and policy uncertainties concerning additional tariffs, US-China relations, and the Middle East and other regions have materialized in their impact on costs and pricing strategies. - FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new business or other risks, nor any material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
The Group states that there have been no new developments or significant changes concerning uncertainty over regulations, policies and tax systems in overseas operations. - FY2025-H1MaterialisedAnnual report
「Lower sales volumes of automotive rearview mirrors due to sluggish automobile sales in Thailand and sluggish sales of Japanese automobiles in China resulted in net sales decreasing by ¥1,006 million, or 6.8%, from the previous interim consolidated accounting period to ¥13,730 million. Operating income was ¥1,723 million, down ¥117 million, or 6.4%, from the previous interim consolidated accounting period, mainly due to the impact of lower sales in Thailand and China.」
Sluggish automobile sales in Thailand and sluggish sales of Japanese automobiles in China affected actual results, resulting in a 6.8% decline in Asian net sales and a 6.4% decline in operating income. - FY2024-Q3MaterialisedAnnual report
「Although affected by the economic downturn in China, increased sales volumes of automotive rearview mirrors in Thailand and Indonesia resulted in net sales increasing by ¥1,731 million, or 8.1%, from the third quarter of the previous fiscal year to ¥23,150 million. Operating income was ¥3,140 million, an increase of ¥899 million, or 40.1%, from the third quarter of the previous fiscal year.」
While the economic downturn in China affected the Asian business, Asian net sales increased 8.1% year on year and operating income increased 40.1%, mainly due to higher sales volumes in Thailand and Indonesia. - FY2024-Q2MaterialisedAnnual report
「Although affected by the economic downturn in China, increased sales volumes of automotive rearview mirrors in Thailand and Indonesia resulted in net sales increasing by ¥1,057 million, or 7.7%, from the second quarter of the previous fiscal year to ¥14,737 million. Operating income was ¥1,841 million, an increase of ¥548 million, or 42.4%, from the second quarter of the previous fiscal year.」
While the economic downturn in China affected the Asian business, Asian net sales increased 7.7% and operating income increased 42.4%, mainly due to higher sales volumes in Thailand and Indonesia. - FY2024-Q1MaterialisedAnnual report
「Although affected by the economic downturn in China, increased sales volumes of automotive rearview mirrors in Thailand and Indonesia resulted in net sales increasing by ¥140 million, or 2.0%, from the first quarter of the previous fiscal year to ¥7,011 million. Operating income was ¥820 million, down ¥121 million, or 12.9%, from the first quarter of the previous fiscal year, mainly due to lower sales in China.」
The economic downturn in China materialized as a factor reducing operating income in Asia by 12.9% year on year through lower sales. - FY2023-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
The Group reconfirms that there have been no new developments or significant changes concerning uncertainty over regulations, policies and tax systems in overseas operations. - FY2023-Q2MaterialisedAnnual report
「Operating income was ¥2,379 million, down ¥235 million, or 9.0%, from the first six months of the previous fiscal year, mainly due to higher prices for imported components resulting from the weaker yen in Japan and increased transportation costs related to lockdown measures in China.」
The impact of regional conditions and policy environments on overseas operations materialized in actual results through higher transportation costs related to lockdown measures in China and higher prices for imported components resulting from the weaker yen. - FY2023-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The Group reconfirms that there have been no new developments or significant changes concerning uncertainty over regulations, policies and tax systems in overseas operations. - FY2022WorsenedAnnual report
「Although there are concerns about a renewed spread of infections caused by COVID-19 variants, the business environment surrounding the Group is expected to remain subject to limited economic impact due to vaccine rollouts and the easing of restrictions on activities. Meanwhile, the emergence of geopolitical risks is expected to result in higher energy and raw-material prices, higher logistics costs and prolonged logistics disruptions, while uncertainty over the economic outlooks for the United States and China is also increasing. The Group therefore needs to closely monitor the business environment.」
The Group identifies specific uncertainties concerning overseas operations and markets, including the emergence of geopolitical risks, higher energy and raw-material prices, logistics disruptions, and uncertainty over economic conditions in the United States and China. - FY2022-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
The Group states that there have been no new developments or significant changes concerning uncertainty over regulations, policies and tax systems in overseas operations. - FY2022-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The Group states that there have been no new developments or significant changes concerning uncertainty over regulations, policies and tax systems in overseas operations. - FY2022-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The Group states that there have been no new developments or significant changes concerning uncertainty over regulations, policies and tax systems in overseas operations. - FY2021WorsenedAnnual report
「As globalization progresses, the importance of local business activities tailored to each regional market is increasing each year. In addition to Japan, the Group conducts production, sales and other business activities in Thailand, Indonesia, China, the United States, Mexico, India and Germany. The relevant markets carry inherent risks, including adverse policy changes for the Group, economic fluctuations, foreign exchange fluctuations, revisions to laws and regulations and related compliance violations, litigation arising from cultural and customary differences, the spread of infectious diseases, natural disasters such as earthquakes and floods, and war and terrorism.」
The Group explicitly includes India and Germany among the regions covered by its overseas operations, and expands the range of risks to include infectious diseases, natural disasters, and war and terrorism in addition to policy, economic, foreign exchange and regulatory risks. - FY2021-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
The Group states that there have been no new developments or significant changes concerning uncertainty over regulations, policies and tax systems in overseas operations. - FY2021-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The Group states that there have been no new developments or significant changes concerning uncertainty over regulations, policies and tax systems in overseas operations. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The Group states that there have been no new developments or significant changes concerning uncertainty over regulations, policies and tax systems in overseas operations. - FY2020-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
The Group states that there have been no new developments or significant changes concerning uncertainty over regulations, policies and tax systems in overseas operations. - FY2020-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The Group states that there have been no new developments or significant changes concerning uncertainty over regulations, policies and tax systems in overseas operations. - FY2020-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The Group states that there have been no new developments or significant changes concerning uncertainty over regulations, policies and tax systems in overseas operations. - FY2019WorsenedAnnual report
「The Group operates overseas businesses in Thailand, Indonesia, China, the United States and Mexico, and the importance of its overseas operations is increasing each year. Unexpected events, such as abrupt economic changes or changes in regulations, policies and tax systems in these regions, may affect the Group’s business operations.」
In addition to recognizing the increasing importance of overseas operations, the Group has explicitly added abrupt economic changes to the existing risks related to regulations, policies and tax systems. - FY2019-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
The Group states that there have been no new developments or significant changes concerning uncertainty over regulations, policies and tax systems in overseas operations. - FY2019-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The Group states that there have been no new developments or significant changes concerning uncertainty over regulations, policies and tax systems in overseas operations. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The Group states that there have been no new developments or significant changes concerning uncertainty over regulations, policies and tax systems in overseas operations. - FY2018-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
The Group states that there have been no new developments or significant changes concerning uncertainty over regulations, policies and tax systems in overseas operations. - FY2018-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The Group states that there have been no new developments or significant changes concerning uncertainty over regulations, policies and tax systems in overseas operations. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The Group states that there have been no new developments or significant changes concerning uncertainty over regulations, policies and tax systems in overseas operations. - FY2017RestatedAnnual report
「Unexpected events, such as changes in regulations, policies and tax systems in these regions, may affect the Group’s business operations.」
The Group reiterates the uncertainty concerning institutions, policies and tax systems associated with operations in Thailand, Indonesia, China, the United States and Mexico. - FY2017-Q3RestatedAnnual report
「During the first nine months of the fiscal year, there were no new business risks and no material changes to the business risks described in the previous fiscal year's securities report.」
The Group states that there have been no new developments or significant changes concerning uncertainty over regulations, policies and tax systems in overseas operations. - FY2017-Q2RestatedAnnual report
「During the six-month period ended the second quarter of the current consolidated fiscal year, there were no new business risks or material changes to the business risks described in the previous fiscal year's Annual Securities Report.」
The Group states that there have been no new developments or significant changes concerning uncertainty over regulations, policies and tax systems in overseas operations. - FY2016First statedAnnual report
「Unexpected events, such as changes in regulations, policies and tax systems in these regions, may affect the Group’s business operations.」
The Group identifies institutional and policy risks associated with operations in Thailand, Indonesia, China, the United States and Mexico.