Risks associated with overseas operations, including political and economic risks and regulatory changes
First written in FY2016. 2 of 6 entries say "Restated". Latest entry: FY2023.
Asahi Kagaku Kogyo moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2025: 72 of 118 companies on the "Worse" side.
46 other companies' latest entry also says "Worsened".
- FY2023WorsenedAnnual report
「The group conducts business activities in the People's Republic of China and the Kingdom of Thailand, and overseas sales account for 59.4%.」
The company continues to list foreign exchange, political, economic, regulatory and tax risks in China and Thailand, while overseas sales increased from 57.0% in the previous fiscal year to 59.4%. - FY2021WorsenedAnnual report
「The group conducts business activities in the People's Republic of China and the Kingdom of Thailand, and overseas sales account for 57.0%. Overseas operations may involve various impediments, including foreign exchange risk, political instability, uncertainty over economic trends, cultural differences, and changes in regulations governing overseas remittances and imports and exports, as well as changes in tax systems, which may affect the group's performance.」
The company continues to list risks associated with overseas operations and updates the overseas sales ratio from 49.7% in the previous fiscal year to 57.0%. - FY2020ReframedAnnual report
「The group conducts business activities in the People's Republic of China and the Kingdom of Thailand, and overseas sales account for 49.7%. Overseas operations may involve various impediments, including foreign exchange risk, political instability, uncertainty over economic trends, cultural differences, and changes in regulations governing overseas remittances and imports and exports, as well as changes in tax systems, which may affect the group's performance.」
In addition to the overseas business risks previously listed, the company quantifies its exposure by specifying that overseas sales account for 49.7%. - FY2019RestatedAnnual report
「The group conducts investment activities in the People's Republic of China and the Kingdom of Thailand. Overseas operations may involve various impediments, including foreign exchange risk, political instability, uncertainty over economic trends, cultural differences, and changes in regulations governing overseas remittances and imports and exports, as well as changes in tax systems, which may affect the group's performance.」
The company continues to list foreign exchange, political, economic and cultural factors, as well as changes in remittance, import and export regulations and tax systems, as risks associated with overseas activities in China and Thailand. - FY2017RestatedAnnual report
「The group conducts investment activities in the People's Republic of China and the Kingdom of Thailand. Overseas operations may involve various impediments, including foreign exchange risk, political instability, uncertainty over economic trends, cultural differences, and changes in regulations governing overseas remittances and imports and exports, as well as changes in tax systems, which may affect the group's performance.」
For overseas activities in China and Thailand, the company continues to list foreign exchange, political, economic and cultural factors, as well as changes in remittance, import and export regulations and tax systems, as risks. - FY2016First statedAnnual report
「The group conducts investment activities in the People's Republic of China and the Kingdom of Thailand. Overseas operations may involve various impediments, including foreign exchange risk, political instability, uncertainty over economic trends, cultural differences, and changes in regulations governing overseas remittances and imports and exports, as well as changes in tax systems, which may affect the group's performance.」
For overseas activities in China and Thailand, the company lists foreign exchange, political, economic and cultural factors, as well as changes in remittance, import and export regulations and tax systems, as risks.