Changes in the Laws, Regulations, Tax Systems and Socioeconomic Conditions of Countries with Overseas Operations
First written in FY2017. 1 of 2 entries say "Raised", first in FY2020. Latest entry: FY2020.
The whole theme swung hardest in 2025: 47 of 94 companies on the "Worse" side.
0 other companies' latest entry also says "Raised".
- FY2020RaisedAnnual report
「The Group operates housing and other businesses in the United States, Australia, China, the United Kingdom, Asian countries and African countries. Unexpected changes in laws and regulations, tax systems, social and economic conditions and foreign exchange rates in each country could affect the Group's performance.」
The geographic scope of the overseas business risk has been expanded from before to explicitly include the United Kingdom, Asian countries and African countries. - FY2017First statedAnnual report
「The Group conducts business activities overseas, primarily in housing. Unexpected changes in laws and regulations, tax systems and social and economic conditions in each country could affect the Group's performance.」
The disclosure identifies unexpected changes in the laws, regulations, tax systems and social and economic conditions of each country, arising as the overseas business expands, as risks.