Country Risk and Competition in Overseas Transactions
First written in FY2016. 3 of 8 entries say "Materialised", first in FY2017. Latest entry: FY2025.
The whole theme swung hardest in 2025: 47 of 94 companies on the "Worse" side.
- FY2025RestatedAnnual report
「For commercial transactions and investments in countries with high country risk, our Group works to reduce risk through trade credit insurance and other measures. In addition, we establish a country-specific limit for risk assets, the maximum potential loss, and work to prevent excessive concentration of risk in particular regions or countries by keeping risk within those limits.」
The Group continues to hedge exposure to high-risk countries through trade credit insurance and other measures, and to manage concentration using country-level risk-asset limits. - FY2024RestatedAnnual report
「For commercial transactions and investments in countries with high country risk, our Group works to reduce risk through trade credit insurance and other measures. In addition, we establish a country-specific limit for risk assets, the maximum potential loss, and work to prevent excessive concentration of risk in particular regions or countries by keeping risk within those limits.」
The Group continues to explain hedging through trade credit insurance and other measures for high-risk countries, together with concentration management based on country-level risk-asset limits. - FY2023MaterialisedAnnual report
「Recoverable amounts are measured using value in use that takes into account deteriorating profitability due to intensifying competition and country risk, among other factors, and are calculated using discount rates that reflect the specific risks of the assets or cash-generating units. Impairment losses for the current consolidated fiscal year include an impairment loss of ¥3,319 million on all goodwill recognized based on recoverable amounts and an impairment loss of ¥2,228 million on all distribution rights, customer relationships and other assets in the beverage business of the Africa headquarters.」
An impairment loss occurred in the African beverage business after taking into account deteriorating profitability due to intensifying competition and country risk. - FY2022WorsenedAnnual report
「In addition, with regard to the impact of Russia's invasion of Ukraine since February 2022, a prolonged conflict could adversely affect the operating results and financial position of our Group.」
In addition to previously disclosed risks such as foreign government regulations, political instability and restrictions on fund transfers, the prolonged Russian invasion of Ukraine was explicitly disclosed. - FY2019MitigatedAnnual report
「For projects in countries with high country risk, our Group works to reduce risk through trade credit insurance and other measures. In addition, we monitor risk assets, the maximum potential loss, by country and work to reduce concentration in particular regions or countries by keeping them within the limits established for each country.」
The use of trade credit insurance and other hedges, together with concentration management based on country-level risk assets and limits, was explicitly disclosed. - FY2018MaterialisedAnnual report
「The impairment loss recognized in the current consolidated fiscal year primarily resulted from reducing the carrying amount of goodwill recognized for the beverage business of the Africa headquarters to its recoverable amount, following a review of the business plan that took into account deteriorating profitability due to intensifying competition and country risk, among other factors.」
An impairment loss occurred in the African beverage business in light of intensifying competition and country risk, among other factors, with overseas business risk reflected in actual results. - FY2017MaterialisedAnnual report
「Regarding goodwill recognized in connection with the acquisition of a subsidiary in the grain infrastructure business of the Food and Living Industry Division, the Group reduced the carrying amount of the asset to its recoverable amount after reviewing the business plan in light of delays in commencing operations, country risk and other factors.」
A review taking into account delays in starting the grain infrastructure business and country risk, among other factors, actually resulted in an impairment loss. - FY2016First statedAnnual report
「Although our Group is working to reduce its concentration in particular regions or countries, it may incur losses in the future in connection with particular regions or countries.」
The disclosure covers overseas business risks, including regulations imposed by foreign governments, political instability, restrictions on fund transfers and trade barriers.