Dependence on Chinese Production Bases and Risks from Changes in Overseas Production Conditions
First written in FY2018. 3 of 6 entries say "Restated". Latest entry: FY2026.
Kowa moved to the "Worse" side of this theme in 2022, 1 year after the typical company in this theme (2021).
The whole theme swung hardest in 2022: 27 of 56 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Our group's production system is structured so that products planned and developed by the company are mass-produced by our production subsidiary, 東莞幸和家庭日用品有限公司. Our group places priority on ensuring high quality and safety and plans to continue production at its production subsidiary in China.」
The company reconfirms its mass-production system centered on its Chinese production subsidiary, its policy of continuing that system, and the risks arising from changes in the overseas production environment. - FY2024WorsenedAnnual report
「Even in China, where our production base is located, we expect the challenging business environment to continue, owing to factors including slower economic growth caused by soaring crude oil and raw material prices.」
Regarding dependence on production bases in China, the company identifies slower economic growth in China as a concern in addition to infectious diseases and soaring raw material prices. - FY2022WorsenedAnnual report
「Even in China, where our production base is located, we expect the challenging business environment to continue, owing to factors including slowdowns or stoppages in production activity caused by COVID-19 and the impact of soaring crude oil and raw material prices.」
Regarding dependence on production bases in China, the company identifies slower or stalled production caused by infectious diseases and the impact of soaring crude oil and raw material prices as additional concerns. - FY2020RestatedAnnual report
「Our group places priority on ensuring high quality and safety and plans to continue production at its production subsidiary in China. However, unforeseen events, including changes in the political or legal environment overseas, where our group conducts production activities, labor shortages and rising labor costs, strikes, disruptions to logistics networks, and changes in economic conditions, may cause problems in managing production facilities and carrying out other business activities.」
The company continues to disclose its policy of continuing production in China and the risks arising from changes in the overseas production environment. - FY2019RestatedAnnual report
「Our group places priority on ensuring high quality and safety and plans to continue production at its production subsidiary in China. However, unforeseen events, including changes in the political or legal environment overseas, where our group conducts production activities, labor shortages and rising labor costs, strikes, disruptions to logistics networks, and changes in economic conditions, may cause problems in managing production facilities and carrying out other business activities.」
The company continues to disclose its policy of continuing production in China and the risks to overseas production arising from political and legal conditions, labor, logistics, and other factors. - FY2018First statedAnnual report
「Our group places priority on ensuring high quality and safety and plans to continue production at its production subsidiary in China. However, changes in the political or legal environment overseas, where our group conducts production activities, labor shortages and rising labor costs, strikes, disruptions to logistics networks, changes in economic conditions, and other factors may cause problems in the execution of our business.」
The company specifically describes its policy of continuing mass production at its Chinese production subsidiary and the risks of overseas production relating to political and legal or regulatory conditions, labor, logistics, and other factors.