Political, Legal and Regulatory, and Social Environment Risks Associated with Overseas Expansion
First written in FY2020. 1 of 3 entries say "Materialised", first in FY2023-Q1. Latest entry: FY2023-Q3.
The whole theme swung hardest in 2022: 46 of 95 companies on the "Worse" side.
9 other companies' latest entry also says "Mitigated".
- FY2023-Q3MitigatedAnnual report
「From December, amid a nationwide severe cold wave, stable supply of cold-weather products such as padded boots, which had experienced delivery delays the previous year due to Vietnam's lockdown, contributed to sales growth this year.」
It explains that although supply delays caused by overseas infectious diseases and social conditions occurred in the previous year, a stable supply system was maintained in the current period. - FY2023-Q1MaterialisedAnnual report
「The Russian invasion of Ukraine from February 2022 drove up raw material prices worldwide, and price increases were seen across a broad range of products. In the foreign exchange market, the sharp depreciation of the yen increased import costs, while the lockdown in Shanghai, a major global trading port, for approximately two months from the end of March had a significant impact on the supply chain.」
The invasion of Ukraine and the Shanghai lockdown had an actual impact on raw material prices, import costs and the supply chain as overseas political and social risks. - FY2020First statedAnnual report
「The Group has production and sales bases overseas. If laws are amended, regulations tightened, or political, social or economic disruption, conflict or terrorism occurs in the countries or regions where it operates, this could adversely affect its business performance and financial condition.」
It newly identifies the impact on business performance and financial condition of laws and regulations, political, social and economic conditions, conflict and terrorism at overseas production and sales bases as a risk.