Business risks arising from laws and regulations and political and social conditions in countries where overseas operations are located
First written in FY2018. 6 of 10 entries say "Restated". Latest entry: 2026-08-10.
The whole theme swung hardest in 2025: 47 of 94 companies on the "Worse" side.
- 2026-08-10WorsenedEarnings presentation
「Selling, general and administrative expenses were kept below plan in light of the uncertain situation in the Middle East.」
The uncertainty in the Middle East was identified as an overseas political and social condition affecting the selling, general and administrative expense plan. - FY2026RestatedAnnual report
「Overseas markets account for approximately 70% of the Group's consolidated sales, with Asia representing a particularly high proportion. Sales to China, which has a large badminton market, account for approximately 50% of consolidated sales, resulting in a relatively high concentration of sales in a specific region.」
The company continues to disclose the concentration of sales, with approximately 70% generated overseas and approximately 50% generated in China, as well as geopolitical risks such as diplomatic and trade policy and logistics disruptions. - FY2025WorsenedAnnual report
「Overseas markets account for approximately 70% of the Group's consolidated sales, with Asia representing a particularly high proportion. Sales to China, which has a large badminton market, account for approximately 50% of consolidated sales, resulting in a relatively high concentration of sales in a specific region.」
The company explicitly stated the concentration of sales, with approximately 70% generated overseas and approximately 50% generated in China, and expanded the scope to include geopolitical risks such as diplomacy and national security, trade policy, import and export regulations, and logistics disruptions. - FY2024RestatedAnnual report
「In addition, any amendments to laws, tighter regulations, political, social or economic turmoil, or significant changes in the competitive environment in the region could have a material impact on performance.」
The company has reconfirmed business risks arising from the laws and regulations, and political, social and economic turmoil, in countries where its overseas bases are located, as part of its sales concentration risk. - FY2021RestatedAnnual report
「The company's business is centered on products specialized for competitive sports, and sports activities themselves are closely linked to consumption. If a pandemic caused by an infectious disease, a major natural disaster such as an earthquake or flood, an accident, conflict, terrorism, or another event causes people's activities to cease, the company’s entire business, including manufacturing and sales, could be materially affected through impacts on demand trends in its sales markets and on its supply chain, including its own and outsourced manufacturing plants, warehouses, and transportation providers.」
The company has reaffirmed that, in addition to legal, regulatory, and political and social conditions associated with overseas operations, infectious diseases, natural disasters, accidents, conflicts, and terrorism could affect the supply chain. - FY2020RestatedAnnual report
「If changes to laws or tighter regulations, political, social or economic disruption, conflicts, terrorism or other events occur in countries or regions where the Company operates, they may adversely affect its business results and financial condition.」
The company has reaffirmed, in generalized terms, the risks of legal and regulatory changes, political, social, and economic disruption, conflicts, and terrorism associated with the expansion of overseas operations. - FY2019RestatedAnnual report
「If changes to laws or tighter regulations, political, social or economic disruption, conflicts, terrorism or other events occur in countries or regions where the Company operates, they may adversely affect its business results and financial condition.」
The company has reaffirmed the risks associated with changes in laws and regulations and political, social, and economic disruption, conflicts, and terrorism in countries where overseas operations are located. - FY2018First statedAnnual report
「If changes to laws or tighter regulations, political, social or economic disruption, conflicts, terrorism or other events occur in countries or regions where the Company operates, they may adversely affect its business results and financial condition.」
With the expansion of overseas production and sales locations, the company has, for the first time, presented in a consolidated manner the risks of changes in local laws and regulations, political, social, and economic disruption, conflicts, and terrorism as risks associated with overseas operations.