Regulatory and Social Conditions Risks Associated with Overseas Business Expansion
First written in FY2017. 3 of 6 entries say "Worsened", first in FY2020. Latest entry: FY2026.
Kokusai moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 47 of 97 companies on the "Worse" side.
39 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「Changes in market conditions resulting from expected tariff changes under the new U.S. administration, the conflict between the United States and Iran, higher raw material prices and disruptions to the crude oil supply chain may affect the manufacturing of our products.」
In addition to the conventional regulatory, political and economic risks associated with overseas operations, the company added the possibility that U.S. tariff changes, the conflict between the United States and Iran, higher raw material prices and disruptions to the crude oil supply chain could affect product manufacturing. - FY2025WorsenedAnnual report
「Overseas operations entail multiple risks, including changes in laws and tax systems, political and economic conditions, underdeveloped infrastructure, difficulties securing personnel, emergencies such as terrorism, and the prolonged situation in Ukraine. If these risks materialize, they may affect the group's business.」
In addition to the multiple risks associated with overseas operations, the current-period risk disclosures indicated that changes in market conditions and effects on manufacturing resulting from tariff changes under the new U.S. administration could have an impact. - FY2024RestatedAnnual report
「Overseas operations entail multiple risks, including changes in laws and tax systems, political and economic conditions, underdeveloped infrastructure, difficulties securing personnel, emergencies such as terrorism, and the prolonged situation in Ukraine. If these risks materialize, they may affect the group's business.」
The description of multiple risks associated with overseas operations, including regulatory, political and economic conditions, infrastructure, personnel and emergencies, continues to include the prolonged situation in Ukraine. - FY2020WorsenedAnnual report
「In addition to Japan, our group operates mainly in the United States, South Korea, China and Southeast Asia. Changes in economic and social conditions in ASEAN countries and other emerging markets, which will be central to our future regional strategy, or prolonged restrictions on movement and economic impacts in these regions due to the spread of COVID-19, together with any resulting contraction in capital investment, may affect the group's business and other operations.」
In addition to the conventional regulatory, political and economic risks associated with overseas operations, the company explicitly identified COVID-19, movement restrictions and the possibility of reduced capital investment. - FY2019RestatedAnnual report
「Overseas operations entail risks including changes in laws and tax systems, changes in political and economic conditions, underdeveloped infrastructure, difficulties securing personnel, emergencies such as terrorism, and the spread of infectious diseases. If these risks materialize, they may affect the group's business.」
Multiple risks associated with overseas operations, including regulatory systems, political and economic conditions, infrastructure, personnel and emergencies, continue. - FY2017First statedAnnual report
「Overseas operations entail risks including changes in laws and tax systems, changes in political and economic conditions, underdeveloped infrastructure, difficulties securing personnel, emergencies such as terrorism, and the spread of infectious diseases. If these risks materialize, they may affect the group's business.」
The company listed multiple risks associated with overseas operations, including laws and tax systems, political and economic conditions, infrastructure, personnel, emergencies and infectious diseases.