Country Risks Associated with Overseas Business Operations
First written in FY2016. 3 of 10 entries say "Restated". Latest entry: 2026-10-01.
The whole theme swung hardest in 2025: 46 of 93 companies on the "Worse" side.
- FY2026WorsenedAnnual report
「Tensions in Japan-China relations may lead to trade restrictions, tighter administrative measures and rising anti-Japanese sentiment, potentially affecting business activities and the safety of overseas employees and secondees.」
In addition to the legal, business-practice and economic risks traditionally associated with overseas operations, the company has specified the effects of Japan-China relations and conditions in Ukraine and the Middle East on logistics networks, security and costs. - FY2026-H1WorsenedAnnual report
「Operating income fell by ¥770 million, or 10.9%, from the previous interim consolidated accounting period to ¥6,283 million, as the performance of the Cavalier Logistics group fell below plan due to a decline in cargo handling associated with changes in the business environment resulting from various policies of the new US administration and delays in starting cargo handling at new facilities that began operations during the period, in addition to weaker performance at Chinese subsidiaries due to the economic slowdown in China.」
The decline in the performance of Chinese subsidiaries due to China's economic slowdown was newly identified in the overseas business, indicating that country risk in the overseas business has materialised in the results. - FY2025The number of overseas subsidiaries increased to 25.Annual report
「We have established a total of 25 overseas subsidiaries in North America, China and Asia, and Europe (6 in North America, 16 in China and Asia, and 3 in Europe), which mainly operate logistics businesses including warehousing and international freight handling.」
The number of overseas subsidiaries increased to 25, up from 24 in the previous disclosure. - FY2024The number of overseas subsidiaries increased to 24.Annual report
「We have established a total of 24 overseas subsidiaries in North America, China and Asia, and Europe (6 in North America, 15 in China and Asia, and 3 in Europe), which operate logistics businesses including warehousing and international freight handling.」
The number of overseas subsidiaries increased to 24, comprising 6 in North America, 15 in China and Asia, and 3 in Europe, up from 21 in the previous disclosure. - FY2019The number of overseas subsidiaries increased from 20 to 21.Annual report
「We have established a total of 21 overseas subsidiaries in North America, China and Asia, and Europe (2 in North America, 17 in China and Asia, and 2 in Europe), which operate logistics businesses including warehousing and international freight handling.」
The regional breakdown of overseas subsidiaries was updated, bringing the total number, including those in China and Asia, to 21. - FY2018RestatedAnnual report
「The Company has established a total of 20 overseas subsidiaries engaged in logistics businesses such as warehousing and international freight handling in North America, China and Asia, and Europe, comprising 2 subsidiaries in North America, 16 in China and Asia, and 2 in Europe. In expanding its overseas operations, the Company seeks to conduct business in compliance with local laws and business practices and obtains overseas investment insurance when an investee's operations involve the acquisition of fixed assets such as warehouse facilities, taking the degree of country risk into consideration.」
We are reconfirming the business operations of 20 overseas subsidiaries, compliance with laws and business practices, and risk management through overseas investment insurance. - FY2017RestatedAnnual report
「The Company has established a total of 20 overseas subsidiaries engaged in logistics businesses such as warehousing and international freight handling in North America, China and Asia, and Europe, comprising 2 subsidiaries in North America, 16 in China and Asia, and 2 in Europe. In expanding its overseas operations, the Company seeks to conduct business in compliance with local laws and business practices and obtains overseas investment insurance when an investee's operations involve the acquisition of fixed assets such as warehouse facilities, taking the degree of country risk into consideration.」
We are reconfirming the business operations of 20 overseas subsidiaries, compliance with laws and business practices, and risk management through overseas investment insurance. - FY2016First statedAnnual report
「The Company has established a total of 20 overseas subsidiaries engaged in logistics businesses such as warehousing and international freight handling in North America, China and Asia, and Europe, comprising 2 subsidiaries in North America, 16 in China and Asia, and 2 in Europe. In expanding its overseas operations, the Company seeks to conduct business in compliance with local laws and business practices and obtains overseas investment insurance when an investee's operations involve the acquisition of fixed assets such as warehouse facilities, taking the degree of country risk into consideration.」
The Company identifies the legal, business-practice and fixed-asset investment risks associated with its operations through 20 overseas subsidiaries and also refers to overseas investment insurance.