Political and Economic Conditions in Production Countries and Their Impact on Overseas Procurement
First written in FY2018. 1 of 4 entries say "Mitigated", first in FY2021. Latest entry: FY2025.
Belluna moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 20 of 31 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- FY2025SoftenedAnnual report
「The Group directly procures some of the products it handles from overseas in order to produce competitive products and reduce costs.」
The overseas procurement structure remains in place, but the scope of the disclosure has narrowed from “procuring most of the products handled overseas, mainly from China” to “directly procuring some products from overseas.” - FY2024RestatedAnnual report
「The Group endeavors to gather information on the political and economic conditions and other matters in the countries and regions where it operates overseas, and to reduce or avoid the associated risks.」
Continues to identify the political, economic, regulatory, labor and natural-disaster risks associated with procuring products overseas, mainly from China, and measures to reduce or avoid them through information gathering. - FY2021MitigatedAnnual report
「The Group endeavors to gather information on the political and economic conditions and other matters in the countries and regions where it operates overseas, and to reduce or avoid the associated risks.」
While continuing to disclose overseas procurement risks, the Group explicitly identifies the collection of information on the political and economic conditions of its sourcing countries and regions as a risk-mitigation measure. - FY2018First statedAnnual report
「To produce competitive products and reduce costs, we procure most of the products we handle overseas, primarily from China. However, changes in political conditions, unexpected changes in laws or regulations, labor shortages, strikes, demonstrations, deteriorating economic conditions and natural disasters may affect our group’s results and financial position.」
The company discloses its structural reliance on overseas procurement, primarily from China, and related political, regulatory, labor, economic and natural-disaster risks.