Country Risk and Risk of Changes in Laws and Regulations
First written in FY2016. 18 of 23 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 47 of 94 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「In the following consolidated fiscal year, the outlook is expected to remain uncertain due to U.S. trade policy and the responses of countries and regions to it, the continuing geopolitical risks, and uncertainty surrounding the conduct of monetary policy in various countries.」
U.S. trade policy and the responses of other countries, geopolitical risks, and uncertainty surrounding monetary policy operations continued to be identified explicitly as risks in the business environment for the following fiscal year. - FY2025WorsenedAnnual report
「Changes in various laws and regulations that cannot be anticipated, and changes in international politics and conditions, may result in import and export restrictions, including punitive tariff measures imposed unilaterally, as well as changes in regulations governing licenses and permits related to the sale and handling of products」
The disclosure on the risk of changes in laws and regulations was expanded to specifically address import and export restrictions, including punitive tariff measures, in light of changes in international politics such as U.S. tariff policy. - FY2022-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter under review. In addition, there have been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding country risk and the risk of changes in laws and regulations. - FY2022-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding country risk and the risk of changes in laws and regulations. - FY2022-Q1RestatedAnnual report
「No new business or other risks arose during the first quarter of the current consolidated cumulative period. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding country risk and the risk of changes in laws and regulations. - FY2021-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding country risk and the risk of changes in laws and regulations. - FY2021-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding country risk and the risk of changes in laws and regulations. - FY2020-Q3MaterialisedAnnual report
「The energy business, which struggled in the previous fiscal year due to falling crude oil prices, progressed steadily, centered on domestic transactions, while the chemicals business also remained solid, centered on general chemicals and pharmaceuticals. Meanwhile, the steel business struggled in both domestic and export markets due to weak global market conditions, and the oil country tubular goods business continued to slow amid a sense of excess market inventories. The machine tools and industrial machinery businesses also struggled as deteriorating business sentiment restrained investment by manufacturers, while the plant infrastructure business reported lower profit due to the suspension of transactions with the Middle East.」
Weak global market conditions, restrained investment by manufacturers, and the suspension of transactions with the Middle East were reflected in actual results as factors behind the struggles or lower profit in the steel, oil country tubular goods, machine tools, industrial machinery, and plant infrastructure businesses. - FY2020-Q2MaterialisedAnnual report
「The energy business remained solid, centered on domestic transactions, while the steel business remained sluggish due to the continuing impact of trade issues and other factors. Demand for drilling in the oil country tubular goods business slowed slightly against a backdrop of low oil prices. The plant infrastructure business also reported lower profit due to the suspension of transactions with the Middle East.」
Trade issues, low oil prices, and the suspension of transactions with the Middle East were reflected in actual results as factors behind the sluggish performance or lower profit in the steel, oil country tubular goods, and plant infrastructure businesses. - FY2020-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding country risk and the risk of changes in laws and regulations. - FY2019RestatedAnnual report
「The Group conducts transactions and lending and investment activities overseas, and delays or failures in collecting receivables may arise from the political and economic conditions in those countries.」
The risks associated with political and economic conditions, collections, and laws and regulations related to overseas transactions and lending and investment activities, together with responses through credit ratings, limits, and trade credit insurance, continue to be disclosed. - FY2019-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding country risk and the risk of changes in laws and regulations. - FY2019-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding country risk and the risk of changes in laws and regulations. - FY2019-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding country risk and the risk of changes in laws and regulations. - FY2018RestatedAnnual report
「The Group conducts transactions and lending and investment activities overseas, and delays or failures in collecting receivables may arise from the political and economic conditions in those countries.」
The risks associated with political and economic conditions, collections, and laws and regulations related to overseas transactions and lending and investment activities, together with responses through credit ratings, limits, and trade credit insurance, continue to be disclosed. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding country risk and the risk of changes in laws and regulations. - FY2018-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding country risk and the risk of changes in laws and regulations. - FY2018-Q1RestatedAnnual report
「No new business or other risks arose during the first quarter of the current consolidated cumulative period. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding country risk and the risk of changes in laws and regulations. - FY2017RestatedAnnual report
「The Group conducts transactions and lending and investment activities overseas, and delays or failures in collecting receivables may arise from the political and economic conditions in those countries.」
The risks associated with political and economic conditions, collections, and laws and regulations related to overseas transactions and lending and investment activities continue to be disclosed. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding country risk and the risk of changes in laws and regulations. - FY2017-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding country risk and the risk of changes in laws and regulations. - FY2017-Q1RestatedAnnual report
「No new business or other risks arose during the three months ended 30 June. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No new developments or significant changes have been identified regarding country risk and the risk of changes in laws and regulations. - FY2016First statedAnnual report
「The Group conducts transactions and lending and investment activities overseas, and delays or failures in collecting receivables may arise from the political and economic conditions in those countries.」
The company responds through country- and region-specific credit ratings and limits, avoidance of concentration of exposure, and trade credit insurance. Changes in import and export regulations, licenses and permits, international taxation, and other matters are also identified as risks.