Risk of Political, Regulatory and Social Disruption Associated with Overseas Operations
First written in FY2016. 7 of 12 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 47 of 94 companies on the "Worse" side.
- FY2026Continued uncertainty in overseas conditions, including the situation in the Middle EastAnnual report
「The impact of the situation in the Middle East on business performance is difficult to estimate at this point and has not been incorporated into our earnings forecasts. Depending on developments going forward, our earnings forecasts may change, and if revisions become necessary, we will disclose them promptly.」
The impact of the situation in the Middle East has newly been identified as an uncertainty factor that cannot be incorporated into earnings forecasts in connection with the political and social disruption risks associated with overseas operations. - FY2022WorsenedAnnual report
「Our Group conducts business activities in North America, Europe, China and other parts of Northeast Asia and Southeast Asia, as well as South Africa and South America. Expansion into these regions entails the following risks.」
South Africa and South America, which had been omitted from the opening description in the previous fiscal year, were explicitly listed again, broadening the regions subject to overseas business risks. - FY2021SoftenedAnnual report
「Our Group operates logistics businesses mainly in Japan, North America, Europe, Northeast Asia and Southeast Asia, and also operates a real estate business in Japan.」
South Africa and South America, which had been explicitly listed in prior years, were omitted from the opening description of the regions subject to overseas risks, narrowing the scope of the regions covered. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter under review. In addition, there have been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes were reported regarding the political, regulatory and social disruption risks associated with overseas operations. - FY2019RestatedAnnual report
「Our Group conducts business activities in North America, Europe, China and other parts of Northeast Asia and Southeast Asia, as well as South Africa and South America. Expansion into these regions entails the following risks.」
The regions subject to overseas business risks and the range of risks, including political, regulatory and social disruption risks, continue to be disclosed. - FY2019-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter under review. In addition, there have been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes were reported regarding the political, regulatory and social disruption risks associated with overseas operations. - FY2018WorsenedAnnual report
「Our Group conducts business activities in North America, Europe, China and other parts of Northeast Asia and Southeast Asia, as well as South Africa and South America. Expansion into these regions entails the following risks.」
South Africa and South America were explicitly added to the regions previously listed as subject to overseas business risks, broadening the scope. - FY2018-Q1RestatedAnnual report
「No new business or other risks arose during the cumulative first quarter of the current consolidated fiscal year.」
No new developments were reported regarding the political, regulatory and social disruption risks associated with overseas operations. - FY2017-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter under review. In addition, there have been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes were reported regarding the political, regulatory and social disruption risks associated with overseas operations. - FY2017-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes were reported regarding the political, regulatory and social disruption risks associated with overseas operations. - FY2017-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes from the previous year's description were reported regarding the political, regulatory and social disruption risks associated with overseas operations. - FY2016First statedAnnual report
「Expanding into these regions entails the following risks: ① Unexpected changes in laws or regulations ② Political or economic factors arising that are unfavorable to business activities ③ Effects of inadequate social infrastructure ④ Changes in the tax system and other matters ⑤ Social disruption caused by war, terrorism, infectious diseases or other factors」
A range of overseas risks associated with operations in North America, Europe, China, Northeast Asia, Southeast Asia and other regions.