Country risks related to overseas markets, foreign exchange and laws and regulations
First written in FY2016. 10 of 16 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2026.
Capcom moved to the "Worse" side of this theme in 2016, 7 years before the typical company in this theme (2023).
The whole theme swung hardest in 2024: 6 of 11 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2026Increase in the ratio of overseas salesAnnual report
「Overseas sales accounted for approximately 70% of the consolidated revenue of the Group.」
The overseas sales ratio rose from approximately 60% in the previous fiscal year to approximately 70%, increasing exposure to overseas markets, foreign exchange and laws and regulations. - FY2026-H1MaterialisedAnnual report
「Foreign exchange losses － 727」
The company recorded foreign exchange losses of ¥727 million during the interim consolidated accounting period, indicating that risks related to overseas operations and foreign exchange affected results. In the same period of the previous year, it recorded foreign exchange gains of ¥376 million. - FY2025Changes in the overseas sales ratioAnnual report
「Overseas sales account for approximately 60% of the consolidated sales of the Group.」
The company disclosed an overseas sales ratio of approximately 60%. Although this was down from approximately 66% in the previous fiscal year, exposure to overseas markets, foreign exchange and laws and regulations remains substantial. - FY2024MitigatedAnnual report
「As a response, we are working to minimise the impact of foreign exchange movements, including by using forward foreign exchange contracts to hedge the risk of future currency movements.」
While disclosing an overseas sales ratio of approximately 66% and a large amount of foreign-currency-denominated trade receivables, the company identified hedging through forward foreign exchange contracts as a countermeasure. It recorded foreign exchange gains of ¥2,303 million for the period. - FY2022-Q2MaterialisedAnnual report
「Foreign-exchange losses 1」
Risks related to overseas operations and foreign exchange continued to affect results, with foreign exchange losses of ¥1 million recorded during the cumulative second-quarter period. - FY2021-Q3MaterialisedAnnual report
「Foreign exchange loss 411」
Risks related to overseas operations and foreign exchange affected results, with foreign exchange losses of ¥411 million recorded during the cumulative third-quarter period. - FY2021-Q2MaterialisedAnnual report
「Foreign exchange losses 259」
Risks related to overseas operations and foreign exchange affected results, with foreign exchange losses of ¥259 million recorded during the cumulative second-quarter period. - FY2020MitigatedAnnual report
「As a response, we are strengthening information sharing with overseas subsidiaries and sales agencies, monitoring market trends in each country and developing sales initiatives tailored to local needs. We are also implementing localisation that takes country risk into account through an internal specialist team.」
In response to risks related to overseas markets, foreign exchange and laws and regulations, the company specified information sharing with overseas subsidiaries and sales agencies, market monitoring and localisation by a specialist team as countermeasures. - FY2019-Q3RestatedAnnual report
「In China, a growth market globally, the company was unable to dispel uncertainty over the outlook as regulatory tightening of games included the suspension of all approval reviews for new games submitted from March 2018 onward.」
The company reiterated its continuing concerns about the suspension of approval reviews for new games and regulatory tightening in China. - FY2019-Q2MaterialisedAnnual report
「In China, a growth market for the world, concern and confusion over tighter game regulations spread as the review of all new games for which approval applications had been filed since March was suspended.」
Regarding the risks of laws and regulations and market access in overseas markets, the approval review process for new games was suspended in China. - FY2018MaterialisedAnnual report
「Under non-operating income and expenses, the company recorded foreign exchange losses of ¥407 million, mainly due to the appreciation of the yen toward the end of the fiscal year, as well as expenses associated with a review of its development structure. However, supported by higher operating profit, ordinary profit was ¥15,254 million, up 21.2% year on year.」
Foreign exchange losses of ¥407 million caused by the appreciation of the yen affected full-year results, and risks related to overseas operations and foreign exchange continued to materialise. - FY2017MaterialisedAnnual report
「Foreign exchange losses 746」
The company recorded foreign exchange losses of ¥746 million as a non-operating expense for the fiscal year, indicating that foreign exchange risk also affected full-year results. It also explicitly identified regulatory risks related to tax rates, tariffs and other matters associated with overseas transactions. - FY2017-Q3MaterialisedAnnual report
「Foreign exchange losses 716」
The company recorded foreign exchange losses of ¥716 million in the income statement for the cumulative third-quarter period, indicating that foreign exchange risk continued to affect results. - FY2017-Q2MaterialisedAnnual report
「In terms of profit, operating profit was ¥1,715 million, down 39.7% year on year. In addition, due to foreign exchange losses caused by a rapid appreciation of the yen, ordinary profit was ¥514 million, down 82.2% year on year, and quarterly net profit attributable to owners of the parent was ¥405 million, down 79.2% year on year.」
Foreign exchange losses caused by a rapid appreciation of the yen were also incurred during the cumulative second-quarter period, resulting in ordinary profit of ¥514 million and quarterly net profit attributable to owners of the parent of ¥405 million. - FY2017-Q1MaterialisedAnnual report
「In addition, due to foreign exchange losses arising from the sharp appreciation of the yen, we reported an ordinary loss of ¥2,080 million, compared with ordinary profit of ¥2,135 million in the same period of the previous year, and a quarterly net loss attributable to owners of the parent of ¥1,411 million, compared with quarterly net profit attributable to owners of the parent of ¥1,569 million in the same period of the previous year.」
The company disclosed that foreign exchange risk materialised as foreign exchange losses caused by a rapid appreciation of the yen, resulting in an ordinary loss of ¥2,080 million and a quarterly net loss attributable to owners of the parent of ¥1,411 million. - FY2016First statedAnnual report
「Market trends and competitors in overseas markets, political, economic, legal, cultural and religious factors, local customs, foreign exchange and other country risks, as well as securing personnel, could adversely affect our business strategy, the Group's operating performance and its financial condition.」
The company has disclosed the risks related to markets, competition, political and economic conditions, laws and regulations, culture, foreign exchange and personnel associated with expanding its overseas operations.