Risks from Tariffs, Import Restrictions and Regulatory Changes in Overseas Operations
First written in FY2020. 3 of 5 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 47 of 94 companies on the "Worse" side.
- FY2026ReframedAnnual report
「Changes in tariffs, import and export regulations, labor laws and regulations, and environmental and quality-related regulations in countries where the Group operates, or heightened geopolitical risks arising from political, economic or military tensions between countries or regions, could affect the Group's business results and financial position.」
Environmental and quality-related regulations, as well as geopolitical risks arising from political, economic and military tensions between countries, were added to the existing risks of tariffs, import restrictions and regulatory changes. - FY2024RestatedAnnual report
「The Group has established procedures to obtain timely information on changes in the laws and regulations of each country relevant to its business, share the details of those changes and its response policies with headquarters, and ensure that the Group responds appropriately to the risks associated with changes in laws and regulations.」
The Group continues to maintain a system for identifying changes in tariffs, import restrictions, and laws and systems, including labor-related laws and systems, in overseas countries and sharing response policies with headquarters. - FY2022RestatedAnnual report
「The Group has established procedures to obtain timely information on changes in the laws and regulations of each country relevant to its business, share the details of those changes and its response policies with headquarters, and ensure that the Group responds appropriately to the risks associated with changes in laws and regulations.」
The Group continues to maintain a system for identifying changes in tariffs, import restrictions, and laws and systems, including labor-related laws and systems, in overseas countries and sharing response policies with headquarters. - FY2021RestatedAnnual report
「The Group has established procedures to obtain timely information on changes in the laws and regulations of each country relevant to its business, share the details of those changes and its response policies with headquarters, and ensure that the Group responds appropriately to the risks associated with changes in laws and regulations.」
The Group continues to maintain a system for identifying changes in tariffs, import restrictions, and laws and systems, including labor-related laws and systems, in overseas countries and sharing response policies with headquarters. - FY2020First statedAnnual report
「Changes in tariffs, import restrictions, or laws and systems, including labor-related laws and systems, in countries where the Group operates could affect the Group's business results and financial position.」
Changes in tariffs, import restrictions, and laws and systems, including labor-related laws and systems, in overseas countries were newly identified as risks specific to overseas operations.