Political, Economic, Foreign Exchange, Legal and Regulatory, and International Tax Risks Associated with Overseas Expansion
First written in FY2016. 20 of 32 entries say "Restated". Latest entry: FY2026.
F.C.C. moved to the "Worse" side of this theme in 2021, 2 years after the typical company in this theme (2019).
The whole theme swung hardest in 2025: 72 of 118 companies on the "Worse" side.
46 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Looking at the economic environment during the consolidated fiscal year, although there were signs of a gradual recovery, conditions remained uncertain due to U.S. trade policy, concerns about the outlook for the Chinese economy, heightened tensions in the Middle East, rising prices, and other factors.」
Regarding external-environment risks associated with overseas expansion, escalating tensions in the Middle East were added as a specific source of uncertainty alongside existing risks related to US trade policy, the Chinese economy, and rising prices. - FY2026-H1WorsenedAnnual report
「During the interim consolidated accounting period, economic conditions showed signs of a moderate recovery, but remained uncertain due in part to US trade policy, concerns about the outlook for the Chinese economy, and rising prices.」
Regarding external-environment risks associated with overseas expansion, US trade policy is identified as a specific source of uncertainty in addition to existing concerns about rising prices and the Chinese economy. - FY2025-H1WorsenedAnnual report
「During the interim consolidated accounting period, economic conditions remained uncertain due in part to rising prices, volatility in financial and capital markets, and concerns about the outlook for the Chinese economy.」
The external environment surrounding the overseas business remains uncertain, with rising prices, volatility in financial and capital markets, and concerns about the outlook for the Chinese economy. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter, economic conditions remained uncertain amid rising prices and fluctuations in financial and capital markets.」
The company continues to describe rising prices, fluctuations in financial and capital markets, and an uncertain outlook as factors affecting the economic environment surrounding its overseas operations. - FY2023WorsenedAnnual report
「Although the economy is expected to recover moderately amid living with COVID-19, partly due to the effects of various policies, attention must be paid to downside risks from rising prices and supply-chain disruptions caused by unstable international conditions, and the outlook is expected to remain uncertain.」
Regarding external-environment risks associated with overseas expansion, unstable international conditions, rising prices and supply-chain disruptions were identified as new specific factors. - FY2023-Q3WorsenedAnnual report
「During the cumulative third quarter, economic conditions showed signs of recovery, but remained uncertain amid supply-side constraints, rising prices and fluctuations in financial and capital markets.」
The company states that supply-side constraints, rising prices and fluctuations in financial and capital markets continued in the external environment surrounding its overseas operations, leaving the outlook uncertain. - FY2023-Q2WorsenedAnnual report
「During the cumulative second quarter, economic conditions showed signs of recovery, but remained uncertain amid supply-side constraints, rising prices and fluctuations in financial and capital markets.」
The company states that supply-side constraints, rising prices and fluctuations in financial and capital markets continued in the external environment surrounding its overseas operations, leaving the outlook uncertain. Supply constraints and rising prices were specifically identified. - FY2023-Q1WorsenedAnnual report
「During the cumulative first quarter, economic conditions showed a pause in the recovery amid a resurgence of COVID-19 infections, supply-side constraints and fluctuations in financial and capital markets.」
The company states that the economic recovery in the external environment surrounding its overseas operations has stalled due to a resurgence of infections, supply constraints and fluctuations in financial and capital markets. - FY2022-Q3WorsenedAnnual report
「In the automotive industry, production of motorcycles and four-wheel vehicles recovered significantly in the first quarter compared with the same period of the previous year, when the impact of infectious diseases was substantial. However, the effects of production cuts caused by semiconductor shortages and surging raw-material prices continued.」
The company states that, in addition to semiconductor shortages, the impact of surging raw-material prices continues to pose an external-environment risk surrounding its overseas operations. - FY2022-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes to existing risks associated with overseas expansion, including political and economic conditions, foreign exchange, regulations, international taxation and natural disasters. - FY2021WorsenedAnnual report
「Although the spread of vaccine development and vaccinations is expected to bring the COVID-19 pandemic under control, risks including a resurgence of infections caused by variants, renewed lockdowns and semiconductor shortages require attention, and the outlook remains uncertain.」
In addition to the political and economic risks traditionally associated with overseas expansion, variants, renewed lockdowns and semiconductor shortages were identified as specific risks. - FY2021-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes to existing risks associated with overseas expansion, including political and economic conditions, foreign exchange, regulations, international taxation and natural disasters. - FY2021-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes to existing risks associated with overseas expansion, including political and economic conditions, foreign exchange, regulations, international taxation and natural disasters. - FY2020RestatedAnnual report
「To conduct its business while accurately identifying and mitigating country risks, the group gathers local information through overseas subsidiaries and other entities and responds appropriately by using its system of mutual support among group companies.」
The company continues to recognize risks associated with overseas expansion, including political and economic conditions, foreign exchange, regulations, international taxation and natural disasters, and addresses them by gathering local information and using mutual support among group companies. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes to existing risks associated with overseas expansion, including political and economic conditions, foreign exchange, regulations, international taxation and natural disasters. - FY2020-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes to existing risks associated with overseas expansion, including political and economic conditions, foreign exchange, regulations, international taxation and natural disasters. - FY2020-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes to existing risks associated with overseas expansion, including political and economic conditions, foreign exchange, regulations, international taxation and natural disasters. - FY2019RestatedAnnual report
「Looking ahead, attention must be paid to downside risks to the global economy, including the impact of US-China trade tensions, developments concerning the UK's withdrawal from the European Union, and fluctuations in financial and capital markets.」
The company continues to recognize risks associated with political and economic developments and financial-market fluctuations related to its overseas operations. - FY2019-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes to existing risks associated with overseas expansion, including political and economic conditions, foreign exchange, regulations, international taxation and natural disasters. - FY2019-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes to existing risks associated with overseas expansion, including political and economic conditions, foreign exchange, regulations, international taxation and natural disasters. - FY2019-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes to existing risks associated with overseas expansion, including political and economic conditions, foreign exchange, regulations, international taxation and natural disasters. - FY2018RestatedAnnual report
「Looking ahead, the global economy is expected to recover moderately, but attention must be paid to political and economic developments in the United States and China and fluctuations in financial and capital markets.」
The company continues to highlight political and economic developments associated with overseas expansion and fluctuations in financial markets as matters requiring attention. - FY2018-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes to existing risks associated with overseas expansion, including political and economic conditions, foreign exchange, regulations, international taxation and natural disasters. - FY2018-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes to existing risks associated with overseas expansion, including political and economic conditions, foreign exchange, regulations, international taxation and natural disasters. - FY2018-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes to existing risks associated with overseas expansion, including political and economic conditions, foreign exchange, regulations, international taxation and natural disasters. - FY2017RestatedAnnual report
「The group operates globally, mainly in Japan, the United States and Asia. Accordingly, its performance may be affected by political and economic developments in each country, foreign-exchange trends, unexpected changes in laws or regulations, international tax risks such as transfer-pricing taxation, natural disasters and other factors.」
The company continues to describe the range of risks associated with its global operations, including political and economic conditions, foreign exchange, regulations, international taxation and natural disasters. - FY2017-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes to existing political, economic, foreign-exchange, regulatory and international tax risks associated with overseas expansion. - FY2017-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes to existing political, economic, foreign-exchange, regulatory and international tax risks associated with overseas expansion. - FY2017-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The company states that there have been no material changes to existing political, economic, foreign-exchange, regulatory and international tax risks associated with overseas expansion. - FY2016First statedAnnual report
「Accordingly, the group's performance may be affected by political and economic developments in each country, foreign-exchange trends, unexpected changes in laws or regulations, international tax risks such as transfer-pricing taxation, natural disasters and other factors.」
The company lists the range of risks associated with its global operations, mainly in Japan, the United States and Asia.