Country Risk Associated with Overseas Operations
First written in FY2020. 8 of 11 entries say "Restated". Latest entry: FY2024.
Tokyo Sangyo moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 5 of 11 companies on the "Worse" side.
5 other companies' latest entry also says "Worsened".
- FY2024WorsenedAnnual report
「Regarding the situations involving Russia and Ukraine and the Middle East, the group currently has no operations or bases in those regions. However, if worsening or prolongation of the situations causes inflation, logistics disruptions or foreign exchange effects that affect the businesses of suppliers or customers in Europe and other regions, the group's performance and financial condition could be adversely affected.」
In addition to the Russia-Ukraine situation, it explicitly identified the situation in the Middle East and described the potential effects on overseas businesses through prices, logistics and foreign exchange rates. - FY2024-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
It stated that there had been no material changes regarding country risks associated with overseas businesses. - FY2023RestatedAnnual report
「In addition, rising crude oil prices and soaring resource prices could make it difficult to procure raw materials stably or cause a substantial increase in their prices, potentially affecting the group's operating results and financial condition. Regarding the situation involving Russia and Ukraine, the group currently has no operations or bases in the region. However, if worsening or prolongation of the situation causes inflation, logistics disruptions or foreign exchange effects that affect the businesses of suppliers or customers in Europe and other regions, the group's performance and financial condition could be adversely affected.」
It continues to describe risks related to resource prices and raw material procurement, as well as the potential effects of the Russia-Ukraine situation on prices, logistics and foreign exchange rates. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It stated that there had been no material changes regarding country risks associated with overseas businesses. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It stated that there had been no material changes regarding country risks associated with overseas businesses. - FY2022WorsenedAnnual report
「In addition, rising crude oil prices and soaring resource prices could make it difficult to procure raw materials stably or cause a substantial increase in their prices, potentially affecting the group's operating results and financial condition. Regarding the situation involving Russia and Ukraine, the group currently has no operations or bases in the region. However, if worsening or prolongation of the situation causes inflation, logistics disruptions or foreign exchange effects that affect the businesses of suppliers or customers in Europe and other regions, the group's performance and financial condition could be adversely affected.」
In addition to the existing country risks associated with overseas businesses, it specifically added the potential effects of resource prices and raw material procurement, and of the Russia-Ukraine situation on prices, logistics and foreign exchange rates. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It stated that there had been no material changes regarding country risks associated with overseas businesses. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It stated that there had been no material changes regarding country risks associated with overseas businesses. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It stated that there had been no material changes regarding country risks associated with overseas businesses. - FY2021-Q1RestatedAnnual report
「During the first three months of the consolidated fiscal year, there were no material changes concerning matters described in the quarterly securities report that could materially affect investors' decisions, or to the business and other risks described in the securities report for the previous fiscal year.」
It stated that there had been no material changes regarding country risks associated with overseas businesses. - FY2020First statedAnnual report
「The group conducts businesses such as importing and exporting products with countries around the world and works mainly through the relevant departments to gather local information. However, country risks arising from political and economic changes, major amendments to laws and regulations, terrorism or war, or the outbreak of infectious diseases could make it difficult to continue its businesses and transactions in those countries and adversely affect the group's performance and financial condition.」
It described country risks associated with overseas imports and exports and the establishment of overseas operations, including political and economic conditions, laws and regulations, terrorism and war, and infectious diseases.