Risks Associated with Overseas Expansion, Including Political and Economic Conditions
First written in FY2016. 6 of 10 entries say "Materialised", first in FY2021-Q2. Latest entry: 2026-10-14.
Morito moved to the "Worse" side of this theme in 2021, 1 year before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 39 of 79 companies on the "Worse" side.
10 other companies' latest entry also says "Materialised".
- FY2025-H1MaterialisedAnnual report
「Conditions were difficult, including the struggles of Japanese automakers in the Chinese market. In transportation-related operations, sales of automotive interior components to Japanese automakers declined as production of models incorporating the Group's products in China ended.」
The company states that risks associated with political and economic conditions overseas have materialized in actual results as struggles by Japanese automakers in the Chinese market and lower sales following the end of production of models incorporating its products. - FY2023-Q3MaterialisedAnnual report
「In transportation-related operations, sales of automotive interior components to Japanese automakers in China declined due to the semiconductor shortage, the impact of China's zero-COVID policy, and a review of unprofitable businesses.」
The company states that China's policy and economic environment and the semiconductor shortage affected actual performance, resulting in lower sales to Japanese automakers in China. - FY2023-Q2RestatedAnnual report
「In transportation-related operations, sales of automotive interior components to Japanese automakers in China declined due to the semiconductor shortage and the impact of China's zero-COVID policy.」
The company continues to describe how China's policy and economic environment affected its actual business, resulting in lower sales to Japanese automakers in China. - FY2021-Q2MaterialisedAnnual report
「Sales of accessories to Japanese apparel manufacturers in Thailand declined, partly due to the situation in Myanmar.」
The company states that risks related to political and economic conditions overseas affected its actual business, with the situation in Myanmar resulting in lower sales of apparel accessories for Thailand. - FY2019RestatedAnnual report
「Changes in political and economic conditions overseas, disruption in the international community caused by war, terrorism, and other factors, and the occurrence of natural disasters could disrupt the stable supply of the Group's products and adversely affect the Group's performance.」
The company continues to disclose supply risks arising from political and economic conditions overseas, war, terrorism, and natural disasters. - FY2017RestatedAnnual report
「Changes in political and economic conditions overseas, disruption in the international community caused by war, terrorism, and other factors, and the occurrence of natural disasters could disrupt the stable supply of the Group's products and adversely affect the Group's performance.」
The company continues to disclose supply risks arising from political and economic conditions, war, terrorism, and natural disasters associated with overseas expansion. - FY2016First statedAnnual report
「Changes in political and economic conditions overseas, disruption in the international community caused by war, terrorism, and other factors, and the occurrence of natural disasters could disrupt the stable supply of the Group's products and adversely affect the Group's performance.」
The company discloses the risk to stable supply arising from political and economic conditions related to overseas production and operations, war, terrorism, and natural disasters.