Risks Related to Overseas Conditions and Local Institutions
First written in FY2016. 4 of 13 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 47 of 94 companies on the "Worse" side.
- FY2026Continued geopolitical uncertainty, including in the Middle EastAnnual report
「Japan's economy is expected to recover gradually, supported by capital investment and private consumption, but uncertainty is expected to persist due in part to the impact of geopolitical risks, including the situation in the Middle East.」
The company continues to identify geopolitical risks, including the situation in the Middle East, as sources of uncertainty regarding overseas conditions. - 2026-05-14RestatedEarnings
「In addition to weak personal consumption due to the continued rise in prices, the outlook remained uncertain because of energy-price trends, U.S. trade policy and the impact of geopolitical risks, including the situation in the Middle East.」
U.S. trade policy and the situation in the Middle East, among other factors, continue to be cited as sources of uncertainty in overseas and business conditions. - FY2026-H1Continued uncertainty due to U.S. trade policy and other factorsAnnual report
「Meanwhile, uncertainty continued regarding the outlook due to U.S. trade policy, geopolitical risks and persistently rising prices.」
As sources of uncertainty regarding overseas conditions, the company cites U.S. trade policy and persistently rising prices in addition to existing risks such as geopolitical risks. - FY2025WorsenedAnnual report
「Expanding the logistics business globally entails various potential risks, including language, geographic factors, laws and tax systems, various regulations, supervision by authorities including self-regulatory organizations, economic and political instability, differences in infrastructure and telecommunications environments and business practices. There is also a risk of unpredictable events such as epidemics, terrorist acts, and wars or conflicts.」
Regarding overseas risks, the company explicitly identifies unpredictable events such as terrorism, wars and conflicts, and epidemics, in addition to the previously identified risks related to conditions, systems and infrastructure. - FY2023MaterialisedAnnual report
「Volumes handled by overseas subsidiaries also decreased due to the impact of supply-demand adjustments and other factors.」
In connection with existing risks related to overseas conditions and local systems, the company actually reported a decline in transaction volumes at overseas subsidiaries due to supply-and-demand adjustments and other factors. - FY2023-Q2Increase in overseas subsidiaries and uncertainty over Chinese policiesAnnual report
「Meanwhile, uncertainty continued regarding the outlook due to high inflation resulting from the rapid reopening of social and economic activity in the United States and Europe, geopolitical risks and China's zero-COVID policy. In addition, transaction volumes at overseas subsidiaries increased significantly against the backdrop of robust global economic activity.」
While uncertainty continued in the overseas business environment due to China's zero-COVID policy and geopolitical risks, transaction volumes at overseas subsidiaries increased significantly. - FY2023-Q1MaterialisedAnnual report
「The Group's performance during the three months ended the first quarter was affected by inventory adjustments in production activities and lockdowns in China in the integrated logistics business.」
In connection with existing risks related to overseas conditions and local systems, the company states that lockdowns in China actually affected business activities and logistics volumes. - FY2022WorsenedAnnual report
「Japan's economy is expected to remain uncertain due to concerns over a further prolongation of the COVID-19 pandemic and rising geopolitical risks.」
The company states that geopolitical risks have increased in the business environment, including overseas. Although overseas sites experienced lockdowns and restrictions on movement, business activities continued through working from home and other measures. - FY2021Lockdowns at overseas sites and continued operationsAnnual report
「At some of the Group's overseas sites, countries and regions implemented lockdowns and restrictions on movement as COVID-19 spread. The Group nevertheless took measures including working from home and telework and has continued its business activities.」
Although lockdowns and restrictions on movement actually occurred at overseas sites, the company continued its business activities through working from home and telework, and states that no suspension of operations or similar event had occurred as of the filing date. - FY2019RestatedAnnual report
「The Group has overseas sites in China, Southeast Asia, North and Central America, and Europe. It anticipates unpredictable situations arising from deteriorating overseas conditions, inadequate infrastructure, and local laws, regulations and customs.」
The company continues to anticipate risks related to overseas conditions, infrastructure, and local laws, regulations and customs affecting its overseas sites. - FY2018RestatedAnnual report
「The Group has overseas sites in China, Southeast Asia, North and Central America, and Europe. It anticipates unpredictable situations arising from deteriorating overseas conditions, inadequate infrastructure, and local laws, regulations and customs.」
The company continues to anticipate risks related to conditions, infrastructure, and local laws, regulations and customs affecting its overseas sites. - FY2017RestatedAnnual report
「The Group has overseas sites in China, Southeast Asia, North and Central America, and Europe. It anticipates unpredictable situations arising from deteriorating overseas conditions, inadequate infrastructure, and local laws, regulations and customs.」
The company continues to anticipate risks related to conditions, infrastructure, and local systems and customs affecting its overseas sites. - FY2016First statedAnnual report
「The Group has overseas sites in China, Southeast Asia, North and Central America, and Europe. It anticipates unpredictable situations arising from deteriorating overseas conditions, inadequate infrastructure, and local laws, regulations and customs.」
The company identifies conditions, infrastructure, laws and regulations, and customs as risks affecting its overseas sites in China, Southeast Asia, North and Central America, and Europe.