Risks Related to Local Laws and Regulations, Practices, International Affairs, and Other Factors Associated with Overseas Expansion

「国内外のインフレ懸念や、各国の政治情勢・金融政策による世界経済への影響、中東をはじめとする地政学リスクの高まり等、当社を取り巻くマクロ環境の不確実性は依然高く、当社グループの業績見込みも大きく変動する可能性があります。」

「Among overseas subsidiaries, in China, earnings at the sales subsidiaries remained firm, while the subsidiary providing contract testing services struggled, resulting in higher sales but lower profit. In other regions, the United States struggled, but operations in Thailand and South Korea remained firm, resulting in higher sales and higher profit overall.」

「一方、米国の販売子会社は収益が苦戦いたしました。」

「In other regions, the sales subsidiaries in Thailand, Indonesia and the Philippines, among others, maintained firm earnings. Meanwhile, earnings at the sales subsidiaries in South Korea and Vietnam, which had performed well in the previous fiscal year, paused, while the sales subsidiaries in the US and India struggled to generate earnings.」

「今後につきましては、国内外でのインフレ懸念や、各国の政治情勢等による世界経済への影響、中東をはじめとする地政学リスクの高まり等、当社を取り巻くマクロ環境は不確実性の高い状況が続く見通しであります。」

「Uncertainty about the outlook is expected to remain high due to rising prices, labor shortages, economic stagnation in China and Europe, and geopolitical risks relating to the situations in Ukraine and the Middle East, among other factors.」

「The macroeconomic environment is expected to remain chaotic, amid the impact of political conditions in various countries on the global economy, heightened geopolitical risks, and concerns over a prolonged stagnation of the Chinese economy, compounded by growing uncertainty stemming from a possible resurgence of inflation and economic downturn caused by US tariff policies.」

「Renewed inflation concerns due to high crude oil prices and the depreciation of the yen; persistently high interest rates accompanying continued monetary tightening by Western countries; economic slowdowns in China and Europe; and heightened geopolitical risks against the backdrop of escalating tensions between the US and China and worsening conditions in the Middle East, among other factors」

「Concerns over an economic recession accompanying policy rate hikes by Western countries aimed at curbing inflation; heightened geopolitical risks against the backdrop of Russia's invasion of Ukraine and escalating tensions between the US and China; and concerns over the financial systems of Western countries, among other factors」

「Rising prices; concerns over an economic recession accompanying policy rate hikes by Western countries aimed at curbing inflation; Russia's invasion of Ukraine; heightened geopolitical risks against the backdrop of escalating tensions between the US and China; and concerns over the financial systems of Western countries, among other factors」

「In addition to higher prices reflecting surging raw-material prices and the weaker yen, there are concerns about an economic slowdown following policy-rate increases by Western countries intended to contain inflation, as well as increasing geopolitical risks against the backdrop of Russia's invasion of Ukraine and intensifying US-China tensions.」

「In addition to higher costs resulting from rising resource prices and the rapid depreciation of the yen, there are concerns about a global economic slowdown following policy-rate increases by Western countries intended to contain inflation, as well as increasing geopolitical risks against the backdrop of Russia's invasion of Ukraine and intensifying US-China tensions.」

「In East Asia, the Group is actively establishing bases, primarily in China, while in the ASEAN region it is establishing representative offices and local subsidiaries and conducting business with a target of 2 bases per country. However, if an unpredictable situation arises due to changes in local laws and regulations, customs or international conditions, the Group's performance and financial condition may be affected.」

「We are working to gather information from local tax consultants, audit firms and law firms and to establish a structure capable of responding promptly if an unpredictable situation arises due to changes in local laws and regulations, customs or international conditions.」

「US-China trade friction and conflicts in various parts of the world pose a risk of supply-chain disruption that could affect the Group's performance and business results.」

「In China, new capital investment was restrained amid tighter export controls on Huawei and concerns over prolonged US-China trade friction, while moves also began to emerge to transfer production bases from China to Vietnam and Malaysia.」

「In international politics, the difficult negotiations over the UK's withdrawal from the eurozone, as well as concerns over the proliferation of nuclear weapons, have led to issues involving North Korea and Iran, resulting in a tense political environment. Beginning with US-China trade friction, there is a global trend toward protectionist trade.」

「In East Asia, the Group is actively establishing bases, primarily in China, while in the ASEAN region it is establishing representative offices and local subsidiaries and conducting business with a target of 2 bases per country. However, if an unpredictable situation arises due to changes in local laws and regulations, customs or international conditions, the Group's performance and financial condition may be affected.」