Ocean Shipping Risks for European Components
First written in FY2023. 1 of 2 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2021: 3 of 10 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Because we rely mainly on sea transport to ship components and materials from Europe, we face risks including operational disruptions caused by terrorism, regional conflicts, deteriorating international relations, security concerns and geopolitical instability; higher transport costs due to surging crude oil prices; and shipping delays caused by tight container supply and demand.」
The annual business and other risks section continues to describe the risks associated with sea transport of European components, including operational disruptions, higher transport costs, container shortages and delays. - FY2023First statedAnnual report
「Because we rely mainly on sea transport to ship components and materials from Europe, we face risks including operational disruptions caused by terrorism, regional conflicts, deteriorating international relations, security concerns and geopolitical instability; higher transport costs due to surging crude oil prices; and shipping delays caused by tight container supply and demand. If these events occur, they could affect the group’s operating results and financial position.」
In addition to the existing foreign exchange risk relating to imported components, the company newly identified risks associated with sea transport from Europe, including operational disruptions, higher transport costs, container shortages and delays.