Political, Economic, Natural Disaster and Foreign Exchange Risks in the Philippines and Cambodia
First written in FY2016. 4 of 12 entries say "Materialised", first in FY2021-Q1. Latest entry: 2026-10-15.
Artnature moved to the "Worse" side of this theme in 2020, 1 year before the typical company in this theme (2021).
The whole theme swung hardest in 2022: 27 of 57 companies on the "Worse" side.
14 other companies' latest entry also says "Mitigated".
- 2026-10-15MitigatedM&A and Subsidiary Changes
「今後は、ANBD 社の生産体制の拡充に合わせ、ANPI 社との取引を段階的に縮小させていく方針です。」
フィリピン一国集中生産リスクに対し、バングラデシュ工場の拡充とフィリピン工場との取引縮小を組み合わせた対応方針を示した。 - FY2026MitigatedAnnual report
「In addition, to diversify country risk, we have been working to establish manufacturing bases and contract manufacturing arrangements in multiple countries, as well as partially relocating production to Japan. We have now begun work on establishing a new plant in Bangladesh.」
To address the country concentration risk in overseas production, the company has established bases and contract manufacturing arrangements in multiple countries, and the new plant in Bangladesh has advanced to the operational stage. - 2026-05-15MitigatedResults briefing materials
「Responding to geopolitical risks and ensuring stability」
Listed responding to geopolitical risks and ensuring stable supply as measures to strengthen the production base. - FY2024MitigatedAnnual report
「In addition, to diversify country risk, we have been working to establish manufacturing bases and contract manufacturing arrangements in multiple countries, as well as partially relocating production to Japan. We have now begun work on establishing a new plant in Bangladesh.」
To address the risk of overseas production being concentrated in the Philippines, the company has established manufacturing bases and contract manufacturing arrangements in multiple countries and begun work on a new plant in Bangladesh. - FY2021MaterialisedAnnual report
「In terms of performance, results were significantly affected through the cumulative second quarter by the temporary shutdown of production plants in the Philippines and the closure of some domestic stores due to the spread of COVID-19. From the consolidated third quarter onward, however, the impact was gradually being resolved, and both sales and earnings exceeded the prior-year period.」
Regarding the risk associated with a production structure concentrated in the Philippines, the temporary shutdown of plants actually affected full-year results. - FY2021-Q3MaterialisedAnnual report
「For men's sales, production at the company's factory in the Philippines was temporarily suspended due to the spread of COVID-19, among other factors. Mainly because sales of made-to-order wigs declined, sales were ¥15,253 million, down 7.3% year on year.」
Regarding the risk associated with concentrating production in the Philippines, a temporary plant shutdown due to the spread of the infectious disease and a decline in sales to men had actually occurred by the cumulative third quarter. - FY2021-Q2MaterialisedAnnual report
「For men's sales, production at the company's factory in the Philippines was temporarily suspended due to the spread of COVID-19, among other factors. Mainly because sales of made-to-order wigs declined, sales were ¥8,743 million, down 24.5% year on year.」
Regarding the risk associated with a production structure concentrated in the Philippines, a temporary plant shutdown due to the spread of the infectious disease and a 24.5% decline in sales to men had actually occurred by the cumulative second quarter. - FY2021-Q1MaterialisedAnnual report
「For men's sales, production at the company's factory in the Philippines was temporarily suspended due to the spread of COVID-19, among other factors. Mainly because sales of made-to-order wigs declined, sales were ¥3,265 million, down 32.8% year on year.」
Regarding the existing risk of concentrating production in the Philippines and exposure to its political, economic and social conditions, a temporary shutdown of production plants and a decline in sales actually occurred as the infectious disease spread. - FY2020WorsenedAnnual report
「This is because a substantial portion of the manufacturing process for our main product, made-to-order wigs, consists of handicraft work, and all production is therefore conducted at AN Philippines and ANMP, both located in the Philippines, where labor costs are low.」
The structure of producing all made-to-order wigs at 2 companies in a single country, the Philippines, was identified clearly as the reason for the risk. - FY2019RestatedAnnual report
「However, production activities may be affected by the political, economic and social conditions in the Philippines, as well as natural disasters and legal regulations or restrictions imposed by government authorities. In addition, because transactions with overseas subsidiaries are denominated in foreign currencies, fluctuations in foreign exchange rates may affect the Company's results.」
The disclosure continues to identify potential impacts on concentrated overseas production in the Philippines from political, economic and social conditions, disasters, regulations and foreign exchange rates. - FY2018-Q3WorsenedAnnual report
「Following this transfer, all production of our main product, made-to-order wigs, is conducted at ARTNATURE PHILIPPINES INC. and ARTNATURE MANUFACTURING PHILIPPINES INC., both located in the Philippines. Accordingly, the business and results of our Group may be affected by the political, economic and social conditions and circumstances in the Philippines, as well as legal regulations or restrictions imposed by government authorities.」
Following the transfer of the Cambodia base, all production of the main made-to-order wig products moved to the Philippines, making the Group's dependence on conditions and regulations in the Philippines explicit. - FY2016First statedAnnual report
「However, production activities may be affected by the political, economic and social conditions in the Philippines and Cambodia, as well as natural disasters and legal regulations or restrictions imposed by government authorities. In addition, because transactions with overseas subsidiaries are denominated in foreign currencies, fluctuations in foreign exchange rates may affect the Company's results.」
For production bases in 2 overseas countries, the disclosure identifies potential impacts from political and economic conditions, disasters, regulations and foreign exchange rates.