Risks Associated with Laws, Tax Systems, Economic Conditions and Social Unrest in Overseas Operations
First written in FY2017. 6 of 12 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 47 of 94 companies on the "Worse" side.
- FY2026MitigatedAnnual report
「Overseas sales accounted for 69.6% of our Group's consolidated sales in the fiscal year ended March 2024, 70.5% in the fiscal year ended March 2025 and 69.1% in the fiscal year ending March 2026.」
The ratio of overseas sales declined from 70.5% in the previous fiscal year to 69.1%. However, overseas dependence remains high, and the risks related to regulations, tax systems, economic conditions and social disruption continue to be disclosed. - FY2023SoftenedAnnual report
「Overseas sales accounted for 73.9% of our Group's consolidated sales in the fiscal year ended March 2021, 75.5% in the fiscal year ended March 2022 and 72.6% in the fiscal year ended March 2023. Accordingly, foreign exchange movements have a significant impact on the consolidated financial statements.」
The ratio of overseas sales declined from 75.5% in the previous fiscal year to 72.6%, but the high level of overseas dependence and the risks related to regulations, tax systems, economic conditions and other factors continue. - FY2023-Q1RestatedAnnual report
「In addition, our Group’s overseas exposure in terms of business performance is increasing each year. This reflects the effects of our overseas strategy, as overseas business is offsetting sluggish domestic demand.」
The explanation that dependence on overseas markets has increased year after year as a result of a structure in which domestic demand is supplemented by overseas operations has been reconfirmed. - FY2022RestatedAnnual report
「As stated above, overseas sales account for a high 75.5% of our Group's total sales. As we will continue to expand globally, we expect the ratio of overseas sales to increase further. Consequently, changes in overseas regulations or tax systems, sharp changes in economic conditions, and social disruption caused by terrorism, war or other factors could create problems in conducting our business.」
The high level of overseas dependence, with overseas sales accounting for 75.5%, and the risks related to regulations, tax systems, economic conditions and social disruption accompanying continued global expansion have been reconfirmed. - FY2021-Q2RestatedAnnual report
「In addition, our Group’s overseas exposure in terms of business performance is increasing each year. This reflects the effects of our overseas strategy, as overseas business is offsetting sluggish domestic demand.」
The explanation that dependence on overseas markets has increased year after year as a result of a structure in which domestic demand is supplemented by overseas operations has been reconfirmed. - FY2021-Q1RestatedAnnual report
「In addition, our Group’s overseas exposure in terms of business performance is increasing each year. This reflects the effects of our overseas strategy, as overseas business is offsetting sluggish domestic demand.」
The explanation that dependence on overseas markets has increased year after year as a result of a structure in which weak domestic demand is supplemented by overseas operations has been reconfirmed. - FY2020-Q2RestatedAnnual report
「In addition, our Group’s overseas exposure in terms of business performance is increasing each year. This reflects the effects of our overseas strategy, as overseas business is offsetting sluggish domestic demand.」
The explanation that dependence on overseas markets has increased year after year as a result of a structure in which weak domestic demand is supplemented by overseas operations has been reconfirmed. - FY2019WorsenedAnnual report
「As we will continue to expand globally, we expect the ratio of overseas sales to increase further.」
The ratio of overseas sales was high at 76.2% in the fiscal year ended March 2019, and the outlook indicated that it would increase further as global expansion continued. - FY2019-Q3RestatedAnnual report
「In addition, our Group’s overseas exposure in terms of business performance is increasing each year. This reflects the effects of our overseas strategy, as overseas business is offsetting sluggish domestic demand.」
The explanation that dependence on overseas markets in terms of business performance has increased year after year as a result of a structure in which domestic demand is supplemented by overseas operations has been reconfirmed. - FY2019-Q2WorsenedAnnual report
「In addition, our Group’s overseas exposure in terms of business performance is increasing each year. This reflects the effects of our overseas strategy, as overseas business is offsetting sluggish domestic demand.」
It was stated that, as a result of a structure in which weak domestic demand is supplemented by overseas operations, dependence on overseas markets in terms of business performance has increased year after year. - FY2019-Q1WorsenedAnnual report
「In addition, our Group’s overseas exposure in terms of business performance is increasing each year. This reflects the effects of our overseas strategy, as overseas business is offsetting sluggish domestic demand.」
It was stated that, as a result of a structure in which domestic demand is supplemented by overseas operations, dependence on overseas markets in terms of business performance has increased year after year. - FY2017First statedAnnual report
「Automotive parts, the Group's main products, use automotive steel sheets as raw materials. Prices in the international market for automotive steel sheets have a significant impact, and after rising sharply since 2004, they have remained elevated.」
It was stated that, with overseas sales accounting for 76.9%, changes in overseas regulations and tax systems, sharp changes in economic conditions, and social disruption caused by terrorism, war and other factors could affect business operations.