Impact of Changes in China’s Political and Economic Environment on Product Procurement Plans
First written in FY2017. 3 of 6 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2022: 20 of 30 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2025MitigatedAnnual report
「The Company is working to diversify its product sourcing by developing procurement routes outside China, including in ASEAN countries.」
Procurement routes continue to be diversified away from China, particularly to ASEAN countries, in response to procurement risks arising from changes in China's political and economic environment. - FY2021MitigatedAnnual report
「The Company is working to diversify its product sourcing by developing procurement routes outside China, including in ASEAN countries.」
As a response to procurement risks arising from changes in China's political and economic environment, the Company explicitly identified diversifying procurement routes outside China, particularly to ASEAN countries, as a measure. - FY2020RestatedAnnual report
「Many of the products sold by the Company are manufactured in the People's Republic of China because of its production capacity and production costs. If the country's political and economic environment changes rapidly and causes significant deviations from the Company's product procurement plans, its results may be affected.」
The risk that changes in China's political and economic environment will affect procurement plans is reiterated. - FY2019RestatedAnnual report
「Many of the products sold by the Company are manufactured in the People's Republic of China because of its production capacity and production costs. If the country's political and economic environment changes rapidly and causes significant deviations from the Company's product procurement plans, its results may be affected.」
The risk that changes in China's political and economic environment will affect product procurement plans is reiterated. - FY2018RestatedAnnual report
「Many of the products sold by the Company are manufactured in the People's Republic of China because of its production capacity and production costs. If the country's political and economic environment changes rapidly and causes significant deviations from the Company's product procurement plans, its results may be affected.」
The risk that changes in China's political and economic environment will affect product procurement plans is reiterated. - FY2017First statedAnnual report
「Many of the products sold by the Company are manufactured in the People's Republic of China because of its production capacity and production costs. If the country's political and economic environment changes rapidly and causes significant deviations from the Company's product procurement plans, its results may be affected.」
The disclosure identifies the high proportion of products manufactured in China as a structural fact and the impact of abrupt changes in China's political and economic environment on procurement plans as a risk.