Overseas Production Risks from Concentration in China Alone
First written in FY2017-Q2. 1 of 3 entries say "Mitigated", first in FY2017. Latest entry: FY2018.
The whole theme swung hardest in 2022: 27 of 57 companies on the "Worse" side.
4 other companies' latest entry also says "Dropped".
- FY2018DroppedAnnual report
「In China, 香港大和工貿有限公司 and 大和高精密工業（深セン）有限公司 operate businesses, while BIG PHILIPPINES CORPORATION operates a business in the Philippines.」
The current year's risk disclosures do not explicitly refer to the risk of concentrating overseas production in China or to establishing a China-Philippines structure as a countermeasure. Operations in both countries have continued. - FY2017MitigatedAnnual report
「On the premise of mitigating the risk of concentrating overseas production in China, the company acquired shares in a Japanese precision-equipment plastics business in the Philippines in 2016, making it a subsidiary as an additional production base. It thereby established an overseas production structure spanning China and the Philippines.」
The company stated that it had established an overseas production structure spanning China and the Philippines, including the Philippine base acquired as a measure against the risk of concentrating production in China, confirming implementation of a risk-reduction measure. - FY2017-Q2First statedAnnual report
「With the avoidance of the risk of concentrating production in a single country, China, as a prerequisite, last year we acquired a stake in a Japanese company engaged in the plastics business for precision equipment in the Philippines and made it a subsidiary as an additional production base. We have established an overseas production structure spanning China and the Philippines.」
The company explicitly identified the risk of concentrating overseas production in China and explained that it had established a China-Philippines production structure by adding a base in the Philippines as a risk-mitigation measure.