Risks of Dependence on Chinese Production and Changes in China’s Political and Economic System
First written in FY2016. 20 of 25 entries say "Restated". Latest entry: FY2024-Q3.
Lec 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 57 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It has been determined that there have been no material new developments or changes in the procurement risk arising from dependence on production in China and changes in China’s political and economic systems. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It has been determined that there have been no material new developments or changes in the procurement risk arising from dependence on production in China and changes in China’s political and economic systems. - FY2024-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
It has been determined that there have been no material new developments or changes in the procurement risk arising from dependence on production in China and changes in its political and economic systems. - FY2023MaterialisedAnnual report
「This was mainly due to market share gains from product renewals and new product launches, despite sales being adversely affected by delays in product supplies caused by China's lockdowns.」
Delays in product supply caused by lockdowns in China are described as an actual factor behind the decline in sales, indicating that the risk associated with dependence on production and procurement in China has materialized. - FY2023-Q3MaterialisedAnnual report
「Meanwhile, conditions remained uncertain, including supply chain disruptions caused by lockdowns in China, surging energy and raw material prices, the yen’s depreciation, and volatility in the financial and capital markets as monetary tightening progressed amid global inflationary pressures.」
Supply chain disruptions caused by lockdowns in China continued to be described as part of the actual operating environment, indicating that the risk associated with dependence on production and procurement in China has materialized. - FY2023-Q2MaterialisedAnnual report
「Meanwhile, conditions remained uncertain, including supply chain disruptions caused by lockdowns in China, higher raw material costs accompanying increases in resource prices resulting from Russia’s military invasion of Ukraine and other factors, and volatility in the financial and capital markets as monetary tightening progressed amid global inflationary pressures.」
Supply chain disruptions caused by lockdowns in China continued to be described as part of the actual operating environment, indicating that the risk associated with dependence on production and procurement in China has materialized. - FY2023-Q1MaterialisedAnnual report
「Meanwhile, conditions remained uncertain, including supply chain disruptions caused by lockdowns in China, higher raw material costs accompanying increases in resource prices resulting from Russia’s military invasion of Ukraine, and volatility in the financial and capital markets as monetary tightening progressed amid global inflationary pressures.」
Supply chain disruptions caused by lockdowns in China are described as part of the actual operating environment, indicating that the risk associated with dependence on production and procurement in China has materialized. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It has been determined that there have been no material new developments or changes in the procurement risk arising from dependence on production in China and changes in China’s political and economic systems. - FY2022-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
It has been determined that there have been no material new developments or changes in the procurement risk arising from dependence on production in China and changes in China’s political and economic systems. - FY2021RestatedAnnual report
「To reduce costs, the group conducts much of its production at partner factories and manufacturing subsidiaries in China. Price competition in the household goods industry is intense, and the group intends to continue production in China. If changes in China’s political or economic systems disrupt the procurement of parts and products, this could affect the group’s future financial position and operating results.」
The company continues to state its policy of using partner factories and manufacturing subsidiaries in China as its primary production bases, continuing production in China, and managing the procurement risk arising from changes in China’s political and economic systems. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It has been determined that there have been no material new developments or changes in the procurement risk arising from dependence on production in China and changes in China’s political and economic systems. - FY2021-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
It has been determined that there have been no material new developments or changes in the procurement risk arising from dependence on production in China and changes in its political and economic systems. - FY2020-Q3RestatedAnnual report
「During the cumulative third quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」
It has been determined that there have been no material changes in the risk associated with using partner factories and manufacturing subsidiaries in China as the primary production bases and the resulting impact on procurement from changes in China’s political and economic systems. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the six-month period of the current consolidated fiscal year. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It has been determined that there have been no material changes in the risk associated with using partner factories and manufacturing subsidiaries in China as the primary production bases and the resulting impact on procurement from changes in China’s political and economic systems. - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year.」
It has been determined that there have been no material changes in the risk associated with using partner factories and manufacturing subsidiaries in China as the primary production bases and the resulting impact on procurement from changes in China’s political and economic systems. - FY2019-Q2RestatedAnnual report
「No new business or other risks arose during the six-month period of the current consolidated fiscal year. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It has been determined that there have been no material changes in the risk associated with using partner factories and manufacturing subsidiaries in China as the primary production bases and the resulting impact on procurement from changes in China’s political and economic systems. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」
It has been determined that there have been no material changes in the risk associated with using partner factories and manufacturing subsidiaries in China as the primary production bases and the resulting impact on procurement from changes in China’s political and economic systems. - FY2018RestatedAnnual report
「To reduce costs, the group conducts most of its production at partner factories and manufacturing subsidiaries in China. Price competition in the household goods industry is intense, and the group intends to continue production in China. If changes in China’s political or economic systems disrupt the procurement of parts and products, this could affect the group’s future financial position and operating results.」
The company continues to state its policy of using partner factories and manufacturing subsidiaries in China as its primary production bases, as well as the possibility of an impact on procurement from changes in China’s political and economic systems. - FY2018-Q3RestatedAnnual report
「During the cumulative third quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」
It has been determined that there have been no material changes in the risk associated with dependence on production in China and the resulting impact on procurement from changes in China’s political and economic systems. - FY2018-Q2RestatedAnnual report
「No new business or other risks arose during the six-month period of the current consolidated fiscal year. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It has been determined that there have been no material changes in the risk associated with using partner factories and manufacturing subsidiaries in China as the primary production bases and the resulting impact on procurement from changes in China’s political and economic systems. - FY2017RestatedAnnual report
「To reduce costs, the group conducts most of its production at partner factories and manufacturing subsidiaries in China. Price competition in the household goods industry is intense, and the group intends to continue production in China. If changes in China’s political or economic systems disrupt the procurement of parts and products, this could affect the group’s future financial position and operating results.」
The company continues to state its policy of using partner factories and manufacturing subsidiaries in China as its primary production bases, as well as the potential impact on procurement from changes in China’s political and economic systems. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」
It has been determined that there have been no material changes in the procurement risk arising from dependence on production in China and changes in its political and economic systems. - FY2017-Q2RestatedAnnual report
「No new business or other risks arose during the six-month period of the current consolidated fiscal year. There were also no material changes to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It has been determined that there have been no material changes in the procurement risk arising from dependence on production in China and changes in its political and economic systems. - FY2017-Q1RestatedAnnual report
「During the cumulative first quarter, there were no newly arising business or other risks. There were also no material changes in the business and other risks described in the securities report for the previous fiscal year.」
It has been determined that there have been no material changes in the risk associated with dependence on production in China and changes in its political and economic systems. - FY2016First statedAnnual report
「To reduce costs, the group conducts most of its production at partner factories and manufacturing subsidiaries in China. Price competition in the household goods industry is intense, and the group intends to continue production in China. If changes in China’s political or economic systems disrupt the procurement of parts and products, this could affect the group’s future financial position and operating results.」
The company identifies as a risk its policy of continuing production in China and the resulting impact on procurement from changes in China’s political and economic systems.