Unpredictable events arising from laws, regulations, customs and other factors in overseas locations
First written in FY2017. 2 of 6 entries say "Worsened", first in FY2020. Latest entry: FY2026-H1.
The whole theme swung hardest in 2025: 47 of 94 companies on the "Worse" side.
- FY2026-H1WorsenedAnnual report
「Due to recent changes in the economic environment and market structure, business profitability in the region has continued to fall below expectations, and there are also concerns that it may be affected by U.S. tariff policy going forward.」
In addition to the laws, regulations and business practices of overseas operations, the disclosure notes continued downside pressure on business profitability from changes in market structure, as well as concerns about the impact of U.S. tariff policy. - FY2025U.S. tariff policy and low growth in the Chinese market added to overseas business risksAnnual report
「Changes in foreign policy, centered on the tariff policy of the recent U.S. administration, the continued low growth of the Chinese market, unforeseeable events arising from local laws, regulations, business practices and other factors, and higher expenses caused by supply-chain disruption and soaring energy prices resulting from a pandemic may also affect the operating results and financial position of the group.」
In addition to the existing risks related to the laws, regulations and business practices of overseas operations and pandemics, the disclosure identifies U.S. tariff policy, low growth in the Chinese market, supply-chain disruption and soaring energy prices. - FY2021RestatedAnnual report
「However, the occurrence of unforeseeable events arising from local laws, regulations, business practices and other factors, or disruptions to production and logistics functions caused by a pandemic, may affect the operating results and financial position of the group.」
The risks associated with the laws, regulations, business practices and customs of China and the Philippines, as well as disruptions to production and logistics functions caused by a pandemic, continue to be disclosed. - FY2020WorsenedAnnual report
「However, the occurrence of unforeseeable events arising from local laws, regulations, business practices and other factors, or disruptions to production and logistics functions caused by a pandemic, may affect the operating results and financial position of the group.」
In addition to risks related to the laws, regulations and business practices of overseas operations, disruptions to production and logistics functions caused by a pandemic have been added as a new factor that could affect the business. - FY2018MitigatedAnnual report
「The company is taking appropriate measures, including closely monitoring developments in China and the Philippines and conducting regular management audits.」
The risks arising from the laws, regulations and business practices of overseas operations continue to be recognized, while measures involving monitoring local developments and conducting regular management audits have been disclosed. - FY2017First statedAnnual report
「However, the occurrence of unforeseeable events arising from local laws, regulations, business practices and other factors may affect the operating results and financial position of the group.」
The risks of local laws, regulations and business practices associated with operations in China and the Philippines have been identified for the first time as business and other risks.