Dependence on Imports from Asia and Product Supply from Overseas Partner Factories
First written in FY2016. 4 of 9 entries say "Worsened", first in FY2017. Latest entry: FY2026.
Hasegawa moved to the "Worse" side of this theme in 2021, 1 year before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 22 of 33 companies on the "Worse" side.
8 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In particular, rising geopolitical risks, including the recent escalation of tensions in the Middle East, are causing disruptions to international logistics, sharp increases in logistics costs, and delays in procuring some raw materials and components.」
In addition to the existing risks associated with dependence on overseas sourcing, the disclosure adds geopolitical risks, including conditions in the Middle East, disruptions to international logistics, higher logistics costs, and procurement delays. - FY2023RestatedAnnual report
「Most products sold by the Company are imported from China and other Asian countries.」
The dependence on imports from China and other Asian countries, and the risk that overseas conditions may affect supply and profitability, remain. - FY2023-Q3RestatedAnnual report
「Accordingly, changes in political and economic conditions overseas may cause sharp increases in raw material prices and transportation costs, the effects of significant yen depreciation, supply disruptions for some components, an inability to secure suppliers of substitute materials, or an inability to manufacture or ship products. These conditions could affect business performance through lower product margins and lost opportunities.」
The risks associated with dependence on imports from overseas and overseas partner factories, including raw material prices, transportation costs, yen depreciation, supply disruptions, and an inability to manufacture or ship products, remain. - FY2023-Q2WorsenedAnnual report
「Accordingly, changes in political and economic conditions overseas may cause sharp increases in raw material prices and transportation costs, the effects of significant yen depreciation, supply disruptions for some components, an inability to secure suppliers of substitute materials, or an inability to manufacture or ship products. These conditions could affect business performance through lower product margins and lost opportunities.」
The disclosure of risks associated with dependence on overseas sourcing newly identifies sharp increases in transportation costs and the effects of significant yen depreciation, expanding the scope of potential impacts. - FY2022RestatedAnnual report
「Accordingly, changes in the political and economic conditions of production countries may cause sharp increases in raw material prices, supply disruptions for some components, an inability to secure suppliers of substitute materials, or an inability to manufacture or ship products. These conditions could affect business performance through lower product margins and lost opportunities.」
The risks associated with dependence on Asia and overseas partner factories, including raw material prices, supply, manufacturing and shipping, remain. - FY2021WorsenedAnnual report
「Accordingly, changes in the political and economic conditions of production countries may cause sharp increases in raw material prices, supply disruptions for some components, an inability to secure suppliers of substitute materials, or an inability to manufacture or ship products. These conditions could affect business performance through lower product margins and lost opportunities.」
The disclosure of risks associated with dependence on overseas sourcing and partner factories now explicitly extends to an inability to manufacture or ship products, in addition to natural disasters and other events. - FY2018RestatedAnnual report
「Most products sold in the retail and wholesale segments are imported from China and other Asian countries. As a result, operations may be affected by political conditions and changes in the economic environment in China and other Asian countries.」
The risk of supply disruptions caused by dependence on imports from China and other Asian countries and by changes in local political and economic conditions remains. - FY2017WorsenedAnnual report
「Although we are working to mitigate risk by diversifying our product suppliers, developing factories capable of producing products that meet our quality standards takes a certain amount of time. If these factories suffer significant damage from natural disasters or other events over a short period, it may become difficult to procure sufficient quantities of competitively priced, high-quality products, which could affect our business performance.」
In addition to the existing dependence on Asian sourcing, the disclosure explicitly identifies the risk of being unable to procure sufficient quantities when partner factories suffer extensive damage. - FY2016First statedAnnual report
「Most products sold in the retail and wholesale segments are imported from China and other Asian countries. As a result, operations may be affected by political conditions and changes in the economic environment in China and other Asian countries.」
The disclosure identifies political and economic risks associated with dependence on overseas product sourcing.