Country Risks in Overseas Operations, Including Political and Economic Conditions, Foreign Exchange, Laws and Regulations, and Other Factors
First written in FY2017. 12 of 14 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2025: 72 of 117 companies on the "Worse" side.
- FY2026-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no material changes in the occurrence of major risks that management recognizes may materially affect the financial position, operating results or cash flows of the consolidated companies, among the matters relating to the business and financial conditions described in this interim report, or in the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The company states that there have been no material changes regarding country risks in overseas businesses, including political, economic, foreign exchange and regulatory risks. - FY2023RestatedAnnual report
「Overseas, the company may face risks including foreign exchange movements, differences in religion, culture and business practices, economic uncertainty, and political instability such as conflict, civil unrest, terrorism and riots, as well as problems in local labour-management relations.」
The company continues to disclose country risks associated with overseas expansion, including foreign exchange, cultural and business-practice, political, labour, investment-regulatory and tax risks. - 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 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.」
The company states that there have been no material changes regarding country risks in overseas businesses, including political, economic, foreign exchange and regulatory risks. - FY2020-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.」
The company states that there have been no material changes regarding country risks in overseas businesses, including political, economic, foreign exchange and regulatory risks. It also explains that the impact of valuation losses in its Indonesian business continues in its business update. - FY2020-Q2RestatedAnnual report
「Regarding operating performance, revenue declined from the same period of the previous year, and profit also declined, partly because valuation losses were recognised on some inventories in the Indonesian business in the previous quarter (April to June 2019).」
The company explains that the impact of valuation losses in its Indonesian business continues. It states that there have been no material changes in its business and other risks, and does not mention any new country risks. - FY2020-Q1MaterialisedAnnual report
「In the overseas business, we are expanding into fast-growing Southeast Asia through hotel operations providing customer-focused hospitality services and real estate development centered on high-quality condominiums and homes built using advanced Japanese construction technology. Revenue declined year on year, and a loss was recorded, partly due to an impairment loss on certain inventories in the Indonesian business.」
While maintaining its policy of continuing its overseas businesses, the company disclosed a specific deterioration in which valuation losses arose on some inventories in its Indonesian business, causing profit to turn into a loss. It did not attribute the valuation losses to any specific political, economic or foreign exchange factor. - FY2019RestatedAnnual report
「The Group regards the expansion of its overseas businesses as one of its strategies, but may face risks overseas including foreign exchange movements, differences in religion, culture and business practices, economic uncertainty, political instability such as conflict, civil unrest, terrorism and riots, and problems in local labour-management relations.」
The company continues to disclose country risks associated with expanding overseas businesses in Southeast Asia and elsewhere, including foreign exchange, cultural and business-practice, political, labour, investment-regulatory and tax risks. - FY2019-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes regarding country risks in overseas businesses, including political, economic, foreign exchange and regulatory risks. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes regarding country risks in overseas businesses, including political, economic, foreign exchange and regulatory risks. - FY2018RestatedAnnual report
「The Group operates real estate and other businesses overseas, but developments in politics, the economy and foreign exchange markets outside Japan, differences in business practices, and the enactment or amendment of laws and regulations concerning investment and competition may affect the Group's operating results and financial position.」
The company continues to disclose country risks, including political, economic, foreign exchange, business-practice and regulatory risks, associated with real estate development and hotel operations in Southeast Asia. - FY2018-Q3RestatedAnnual report
「During the nine-month cumulative consolidated period under review, there were no new business or other risks, and no material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes regarding country risks in overseas businesses, including political, economic, foreign exchange and regulatory risks. - FY2018-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no new business or other risks, nor any material changes to the business and other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes regarding country risks in overseas businesses, including political, economic, foreign exchange and regulatory risks. - FY2018-Q1RestatedAnnual report
「During the first quarter of the current fiscal year, there were no new business or other risks, nor any material changes to the business or other risks described in the securities report for the previous fiscal year.」
The company states that there have been no new occurrences or material changes regarding country risks in overseas businesses, including political, economic, foreign exchange and regulatory risks. - FY2017First statedAnnual report
「The Group operates real estate and other businesses overseas, but developments in politics, the economy and foreign exchange markets outside Japan, differences in business practices, and the enactment or amendment of laws and regulations concerning investment and competition may affect the Group's operating results and financial position.」
Along with its overseas expansion in Vietnam, Indonesia and elsewhere, the company discloses the effects of political, economic and foreign exchange conditions, business practices, and investment- and competition-related regulations as a separate risk.