Overseas Country, Operational and Disaster Risks
First written in FY2017. 2 of 7 entries say "Materialised", first in FY2021. Latest entry: FY2025.
Kaga Electronics moved to the "Worse" side of this theme in 2021, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 27 of 56 companies on the "Worse" side.
9 other companies' latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「The Group's operating results and financial position may be affected by changes in laws or regulations resulting from local political factors, rapid inflation or defaults resulting from economic factors, terrorist acts or war accompanying deterioration in social conditions, natural disasters such as earthquakes, typhoons or floods, and the spread of infectious diseases.」
The company broadly lists specific overseas country and operating risks, including inflation and defaults, terrorism and war, and typhoons and floods. - FY2023-Q3Detailed the resurgence of infections following China's policy changeAnnual report
「In China, uncertainty remains, including the resurgence of COVID-19 infections following changes to the zero-COVID policy.」
As risks relating to overseas sites and the overseas business environment, the company describes the resurgence of infections and uncertainty following China's policy change. quantified=false, materialized=true - FY2023-Q2Detailed the economic impact of the situation in Ukraine and China's restrictions on movementAnnual report
「In Europe, the economy slowed under the impact of surging energy prices associated with the prolonged situation in Ukraine and interest rate hikes. In China, the recovery in personal consumption slowed because of strict restrictions on movement under the zero-COVID policy, and instability continued worldwide.」
Regarding overseas conditions and the operating environment, the company describes surging energy prices due to the prolonged situation in Ukraine and the slowdown in consumption recovery caused by China's strict restrictions on movement. - FY2023-Q1MaterialisedAnnual report
「Although operations in Shanghai, China, were also affected by the lockdown」
The company states that the Shanghai lockdown in China actually affected operations as an overseas-site operating risk. However, it continued operations and kept the impact to a minimum by reallocating procurement and sales channels among group companies and managing production processes. - FY2022Added the risk of surging raw material prices resulting from the Russia-Ukraine conflictAnnual report
「Although the Group currently has no sites in the areas affected by the Russia-Ukraine conflict and the impact on operating results and other matters is minor, the conflict may affect the Group's operating results and financial condition through, among other factors, surging raw material prices.」
The company added the possibility of surging raw material prices resulting from the Russia-Ukraine conflict to its overseas country and operating risks. It describes the impact on operating results at present as minor. - FY2021MaterialisedAnnual report
「At the beginning of the fiscal year, the EMS business was affected by the spread of COVID-19, including production stoppages at the overseas production sites of the company and its customers amid lockdowns in various countries.」
Infectious diseases and shutdowns at overseas sites, previously assumed as country and operating risks, materialized as COVID-19-related lockdowns and production stoppages. - FY2017First statedAnnual report
「Country risks arising from external factors, including worsening political and economic conditions locally and changes in laws and regulations, may affect operating results and financial condition.」
In connection with overseas sites and EMS transactions, the company identifies changes in political, economic and legal or regulatory conditions, as well as difficulties in manufacturing and procuring components caused by labor shortages, strikes, infectious diseases and earthquakes, as risks.