Political Risks in Europe and the United States and Geopolitical Risks in Asia
First written in FY2018-Q1. 14 of 27 entries say "Worsened", first in FY2018. Latest entry: 2026-07-29.
The whole theme swung hardest in 2022: 106 of 135 companies on the "Worse" side.
- 2026-07-29RestatedEarnings
「The outlook remains uncertain due to heightened tensions in the Middle East and fluctuations in resource prices, among other factors.」
Heightened tensions in the Middle East and fluctuations in resource prices are reiterated as factors contributing to uncertainty, following the previously cited overseas political and geopolitical risks. - FY2026WorsenedAnnual report
「The business environment surrounding our Group remains highly uncertain, owing to prolonged geopolitical risks, fluctuations in resource and energy prices resulting from changes in the trade environment, and increases in raw material, personnel, and logistics costs.」
In addition to prolonged geopolitical risks, changes in the trade environment and increases in resource and energy prices and raw material, personnel, and logistics costs continue to be identified and specified as interconnected sources of uncertainty. - 2026-05-25WorsenedGeneral Meetings of Shareholders
「In overseas economies, uncertainty surrounding trade policy remains high. In addition, tensions in the international situation surrounding the Middle East are affecting the global economy through volatility in resource and energy markets, including crude oil prices, and instability in international logistics.」
In addition to uncertainty surrounding trade policy, the Middle East situation is cited as a factor that could lead to volatility in resource and energy markets and instability in international logistics. - FY2026-H1WorsenedAnnual report
「Meanwhile, the rise in import prices caused by the weaker yen affected prices of daily necessities, and consumer sentiment showed some caution. Material prices also remain high, while uncertainty about the outlook continues amid the increasingly tense situation in Ukraine and the Middle East and preparations for reciprocal US tariffs.」
In addition to the previously cited conflicts in Ukraine and Palestine and tensions between the United States and China, the increasingly tense situation in the Middle East and preparations for reciprocal US tariffs are explicitly identified, indicating that overseas political and geopolitical risk factors continue to expand. - FY2025WorsenedAnnual report
「In addition, concerns about an economic slowdown continue due to the destabilisation of the international situation, symbolised by tensions between the United States and China and the conflicts in Ukraine and Palestine, and the resulting surge in resource and raw material prices.」
The destabilisation of the international situation, including tensions between the United States and China, the conflicts in Ukraine and Palestine, and higher resource and raw material prices, continues to raise concerns about an economic slowdown. - FY2025-H1WorsenedAnnual report
「However, risks to the economy remain from the impact of rising prices in Japan, the impact overseas of continued high interest rates in Europe and the United States, downside risks to overseas economies including concerns about the outlook for the Chinese economy, and conflicts in the Middle East.」
With regard to overseas political and economic risks, high interest rates in Europe and the United States, concerns about the outlook for the Chinese economy, downside risks to overseas economies, and conflicts in the Middle East are cited as specific downward pressure factors. - FY2024-Q3WorsenedAnnual report
「Meanwhile, concerns about an overseas-led economic slowdown continue amid the destabilisation of the international situation symbolised by tensions between the United States and China and the conflicts in Ukraine and Palestine, the impact of the weaker yen resulting from the widening Japan-US interest rate differential following US rate hikes, and the global surge in resource and raw material prices.」
In addition to the previously cited tensions between the United States and China and the conflict in Ukraine, the destabilisation of the international situation, including the conflict in Palestine, is explicitly identified, and concerns about an overseas-led economic slowdown continue. - FY2024-Q2WorsenedAnnual report
「Meanwhile, concerns about an overseas-led economic slowdown continue, amid the destabilisation of the international situation symbolised by tensions between the United States and China and the conflict in Ukraine, the impact of the weaker yen resulting from the widening Japan-US interest rate differential following US rate hikes, the global surge in resource and raw material prices, and lower production due to supply constraints and logistics disruptions, although the latter have somewhat abated.」
With regard to overseas political and geopolitical risks, the conflict in Ukraine and tensions between the United States and China are explicitly identified, while the destabilisation of the international situation, the weaker yen, higher resource prices, supply constraints, logistics disruptions, and concerns about an overseas-led economic slowdown are cited as interconnected risks. - FY2024-Q1RestatedAnnual report
「Meanwhile, the prolonged conflict in Ukraine and economic sanctions against Russia, the impact of the weaker yen resulting from the widening Japan-US interest rate differential, the global surge in resource and raw material prices, and concerns about an overseas-led economic slowdown resulting from lower production due to supply constraints and logistics disruptions, although somewhat abated, continue.」
Overseas-originated political and economic risks, including the prolonged conflict in Ukraine and economic sanctions against Russia, the weaker yen, higher resource and raw material prices, supply constraints, and logistics disruptions, continue to be cited. - FY2023RestatedAnnual report
「If the impact of the weaker yen resulting from the widening Japan-US interest rate differential, the global surge in resource and raw material prices, and concerns about a worldwide recession caused by the prolonged Russian invasion of Ukraine continues, the impact on corporate earnings is expected to be substantial.」
The prolonged invasion of Ukraine, the weaker yen, and overseas-originated recession concerns arising from higher resource and raw material prices continue to be identified as external risks that could affect earnings. - FY2023-Q3WorsenedAnnual report
「Meanwhile, concerns over an overseas-led economic slowdown have continued due to the prolonged conflict in Ukraine and economic sanctions against Russia, the impact of a weaker yen resulting from the widening interest-rate differential between Japan and the United States, globally higher resource and raw material prices, and lower production activity resulting from supply constraints and logistics disruptions.」
In addition to the prolonged conflict in Ukraine and economic sanctions against Russia, the weaker yen resulting from the widening Japan-US interest rate differential, higher resource prices, supply constraints, logistics disruptions, and concerns about an overseas-led economic slowdown are cited, indicating a broadening range of overseas political and economic risks. - FY2023-Q2RestatedAnnual report
「The impact has continued from the prolonged conflict in Ukraine and economic sanctions against Russia, globally higher resource and raw material prices, and lower production activity resulting from supply constraints and logistics disruptions.」
The company continues to state that overseas political and geopolitical factors, including the prolonged conflict in Ukraine and economic sanctions against Russia, are affecting production activity through higher resource prices, supply constraints and logistics disruptions. - FY2023-Q1WorsenedAnnual report
「The impact has continued from the prolonged conflict in Ukraine and economic sanctions against Russia and China's “zero-COVID” policy, including globally higher resource and raw material prices and lower production activity resulting from supply constraints and logistics disruptions.」
Regarding overseas political and geopolitical factors, the prolonged conflict in Ukraine and economic sanctions against Russia and China's zero-COVID policy continue to be described as factors affecting production activity and logistics. - FY2022MaterialisedAnnual report
「In addition to “developments in the COVID-19 pandemic, such as the spread of the Omicron variant” and “the U.S.-China confrontation,” concerns over a global recession arose at the end of the fiscal year due to “Russia's invasion of Ukraine,” creating major risks for the outlook rather than allowing economic activity to fully reopen.」
In addition to the previously cited overseas political and geopolitical risks, Russia's invasion of Ukraine actually occurred and is described as giving rise to concerns over a global recession. - FY2022-Q3Renewed Reference to U.S.-China ConfrontationAnnual report
「In addition, risk factors including “developments in the COVID-19 pandemic, such as the spread of the Omicron variant” and “the U.S.-China confrontation” prevented economic activity from fully reopening.」
The U.S.-China confrontation is again expressly identified as a risk factor that could prevent economic activity from fully reopening, regarding overseas political and geopolitical risks whose separate disclosure had disappeared from the previous fiscal year's securities report. - FY2021DroppedAnnual reportThis securities report does not expressly address political risks in Europe and the United States or geopolitical risks in Asia as independent risks.
- FY2020MaterialisedAnnual report
「Overseas, economic sentiment in the group's core Southeast Asian region weakened under the impact of trade friction between the United States and China since last year, while restrictions on activities imposed by countries in response to the spread of the novel coronavirus, which emerged at the end of last year, further worsened conditions, and a difficult situation continued.」
Overseas political and economic risks previously described as concerns have materialized in the form of weaker economic sentiment in Southeast Asia and a deterioration in the export environment resulting from restrictions on activities imposed by various countries. - FY2020-Q3WorsenedAnnual report
「Overseas, although the exchange rate against the US dollar remained relatively stable, economic sentiment in Southeast Asia, the principal market, continued to deteriorate due to the impact of trade friction between the United States and China, and overall exports remained sluggish.」
Regarding overseas political and economic risks, the impact of U.S.-China trade friction continues to be reflected in weaker economic sentiment in Southeast Asia and sluggish overall exports. - FY2020-Q2MaterialisedAnnual report
「Overseas, South Korea and China, the two principal markets, remained in difficult conditions due to deteriorating relations with South Korea and trade friction between China and the United States. Although Thailand and other Southeast Asian markets posted slight increases, this was insufficient to offset the declines in the two principal markets, and overall exports remained sluggish.」
Regarding previously cited overseas political and economic risks, the disclosure states that worsening relations with South Korea and trade friction between China and the United States actually caused exports from key countries to weaken, affecting overall exports. - FY2020-Q1WorsenedAnnual report
「In addition to domestic labor shortages and higher resource and raw material costs, uncertainty over overseas political and economic developments, including escalating trade friction between the United States and China and heightened tensions in the Middle East, including Iran, emerged as a major risk factor.」
In addition to the previously cited concerns over trade friction, its escalation and heightened tensions in the Middle East are expressly identified, indicating increased uncertainty surrounding overseas political and economic risks. - FY2019-Q3WorsenedAnnual report
「Although domestic labor shortages, higher resource and raw material costs, volatility in equity and foreign exchange markets reflecting uncertainty over overseas political and economic developments, including trade friction between the United States and China, and the potential slump in domestic consumption following the consumption tax increase scheduled for October present domestic and overseas risks to the outlook, economic conditions are expected to remain on a recovery trend for the time being.」
In addition to trade friction involving the United States, China and others, uncertainty in overseas political and economic developments is expressly identified as a risk that could cause volatility in equity and foreign exchange markets, showing that the previous concerns have materialized as market volatility. - FY2019-Q2MaterialisedAnnual report
「Overseas, sales in Southeast Asia, including Thailand, remained strong, as they had the previous year. However, affected by the economic downturn in South Korea, a major trading partner, and trade friction between China and the United States, overall exports remained sluggish.」
Regarding trade friction previously cited as a concern, the disclosure states that it actually affected overall exports. Sales in the overseas segment declined 1.5% year on year, while profit declined 13.8%. - FY2019-Q1WorsenedAnnual report
「Although some concerns remain regarding domestic labor shortages, higher resource and raw material costs, and growing concerns over trade friction involving the United States, China and others, stable economic expansion is expected to continue for the time being.」
Growing concerns over trade friction involving the United States, China and others are newly identified as a source of future instability. - FY2018WorsenedAnnual report
「Overseas, although there were unstable factors in the outlook, including periods when the yen began to appreciate due to US interest-rate policy and concerns over trade friction between the United States and China and elsewhere, major trading partners in Asia remained strong over the long term as stable exchange rates persisted, and overall exports remained strong.」
In addition to the previously cited geopolitical risks, concerns over trade friction involving the United States, China and others and foreign exchange instability stemming from U.S. interest-rate policy are expressly identified, making the description of sources of future instability more specific. - FY2018-Q3Addition of regions coveredAnnual report
「Although concerns remain over the possible emergence of political risks in Europe and the United States and geopolitical risks in Asia, the Middle East and elsewhere, stable economic expansion is expected to continue for the time being.」
In addition to the previously cited political risks in Europe and the United States and geopolitical risks in Asia, the Middle East is now expressly included, broadening the geographic scope of the description. The expectation of continued stable economic expansion is also stated. - FY2018-Q2RestatedAnnual report
「Although concerns remain over the possible emergence of political risks in Europe and the United States and geopolitical risks in Asia, stable economic expansion is expected to continue for the time being.」
Political risks in Europe and the United States and geopolitical risks in Asia continue to be described as concerns regarding the economic outlook. No actual occurrence of these risks is described. - FY2018-Q1First statedAnnual report
「Although concerns remain over the possible emergence of political risks in Europe and the United States and geopolitical risks in Asia, economic expansion is expected to continue at a moderate pace for the time being.」
Political risks in Europe and the United States and geopolitical risks in Asia are expressly identified as new concerns regarding the outlook for the economy. No actual occurrence of these risks is described.