Cybersecurity and supply chain risks reshaping Japanese business landscape, Aon survey finds

• “Geopolitical volatility” is among the top five current and future risks, highlighting the growing instability in the region.

• 83 percent of companies report an increase in insurable risk costs

TOKYO, JAPAN –
Media OutReach Newswire – February 12, 2026 – Aon plc (NYSE: AON), a leading global professional services firm, released the results of its 2025 Global Risk Management Survey in Japan. The survey reveals that Japanese companies operate in a complex landscape marked by persistent cyber threats, supply chain disruptions and weather/natural disasters. The survey, which collected opinions from nearly 3,000 risk managers, executives and senior executives across 63 countries, highlights the unique risks Japanese companies face amid global disruption.

Japan’s main risks:

“Cyber ​​attacks/data breaches” remain the top risk for Japanese businesses, in line with global trends. “Supply chain or distribution failure” comes in second, as extreme weather events and increasing geopolitical volatility, including changing trade policies, force companies to reevaluate their supply chains. Additionally, “product liability/recalls” and “exchange rate fluctuation” pose significant risks, reflecting the strength of the country’s manufacturing industry and its exposure to global market volatility. Notably, 63.6 percent of Japanese respondents reported losses due to product liability or recall issues and 47.6 percent cited losses due to exchange rate fluctuations.

Tatsuya Yamamoto, CEO of Aon Japan, said: “Japanese organizations operate in an environment of unprecedented complexity. Cyber, weather and geopolitical risks continue to pose major challenges for Japanese businesses, highlighting the need for robust risk management frameworks and agile strategies.

Top 10 business risks in Japan in 2025

1. Cyberattacks/data breaches

2. Supply chain or distribution failure

3. Weather/Natural Disasters

4. Geopolitical volatility

5. Business interruption

6. Economic slowdown/slow recovery

7. Exchange rate fluctuation

8. Raw material price risk/material shortage

9. Product Liability/Recall

10. Inability to attract or retain top talent

Risk management: formalization and focus on insurable risks

Japanese organizations demonstrate a strong commitment to risk management, with 74.7% having a formal risk management and assurance department, compared to 68.4% globally. Additionally, 75.3 percent measure the total cost of insurable risk and 83.3 percent report that these costs are increasing. Even as risk awareness increases, most organizations still need to quantify their exposures or leverage advanced analytics.

Risk management assessments of Japanese companies for the top three risks

For “cyberattacks/data breaches”:

1. 27.2 percent assessed the risk

2. 12.6 percent have developed continuity plans

3. 22.3 percent have risk management plans

For “Supply Chain or Distribution Failure”:

1. 25 percent assessed the risk

2. 20 percent have developed continuity plans

3. 26.7 percent have risk management plans

For “Weather/Natural Disasters”:

1. 24.1 percent assessed the risk

2. 22.4 percent have developed continuity plans

3. 13.8 percent have risk management plans

Future risks: rapidly changing market trends and geopolitical volatility

Looking ahead, Japanese organizations expect “weather/natural disasters” and “geopolitical volatility” to remain critical risks, alongside “rapidly changing market trends”, which are more important in Japan than globally. This highlights the country’s exposure to climate events and changing consumer preferences.

Japan’s top five future business risks by 2028:

1. Cyberattacks/data breaches

2. Weather/Natural Disasters

3. Geopolitical volatility

4. Rapidly Changing Market Trends

5. Growing competition

Shinichi Kandatsu, head of business risk solutions for Japan at Aon, said: “Cyber ​​and weather risks continue to top the rankings of top concerns for Japanese businesses today and in the future, with geopolitical volatility also ranking among the top five risks in both periods. The results of Aon’s Global Risk Management Survey provide Japanese companies with actionable insights to benchmark their risk strategies and identify areas for improvement.

To access the full report and learn how Aon is helping clients navigate today’s disruptive dynamics, visit
Japan Global Risk Management Survey

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