Country risks associated with overseas businesses in Hong Kong, the Philippines and elsewhere
First written in FY2020. 7 of 10 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 47 of 94 companies on the "Worse" side.
15 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「We are considering avoiding foreign exchange risk by executing contracts in both local currencies and yen.」
For country risks associated with overseas operations, explicitly states a foreign exchange risk mitigation measure involving contracts denominated in both local currencies and yen, in addition to the existing measures of information gathering and consultation with specialists. - FY2025-H1RestatedAnnual report
「No new business or other risks arose during the current interim consolidated accounting period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
States that there have been no new or material changes in existing risks, including country risks associated with overseas operations in Hong Kong, the Philippines and elsewhere. - FY2024WorsenedAnnual report
「Our Group operates in countries and regions including Hong Kong and the Philippines. Business activities in these regions may be affected by unexpected changes in laws, regulations and tax systems that have adverse effects; adverse effects on our Group's activities resulting from inadequate social infrastructure; adverse political developments; social disruption caused by terrorism, war or natural disasters; unexpected, rapid changes in labor conditions; declines in earnings resulting from political and economic instability; and sharp exchange rate fluctuations.」
Expands the stated potential effects of country risks associated with overseas operations to include natural disasters, political and economic instability, and declines in earnings resulting from sharp exchange rate fluctuations. - FY2024-Q3RestatedAnnual report
「During the nine-month period ended the third quarter, there were no major risks that management recognized as potentially having a material impact on the Group’s financial position, business performance or cash flows among the matters concerning the business and accounting conditions described in this quarterly report. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
States that there have been no new or material changes in existing risks, including country risks associated with overseas operations in Hong Kong, the Philippines and elsewhere. - FY2024-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there have been no new or material changes in existing risks, including country risks associated with overseas operations in Hong Kong, the Philippines and elsewhere. - FY2022RestatedAnnual report
「Our Group seeks to avoid these risks and minimize their effects by gathering information through local operations, overseas construction and sales divisions, and receiving advice as needed from specialists such as audit firms and outside attorneys, analyzing the information collected, and conducting business cautiously.」
Continues to address risks associated with overseas operations, including legal and regulatory, tax, political, social disruption and labor condition risks, through information gathering, advice from specialists and analysis. - FY2022-Q3RestatedAnnual report
「During the nine-month period ended the third quarter, there were no major risks that management recognized as potentially having a material impact on the Group’s financial position, business performance or cash flows among the matters concerning the business and accounting conditions described in this quarterly report. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
States that there have been no material changes in existing risks, including country risks associated with overseas operations in Hong Kong, the Philippines and elsewhere. - FY2021-Q3RestatedAnnual report
「During the nine-month period ended the third quarter, there were no major risks that management recognized as potentially having a material impact on the Group’s financial position, business performance or cash flows among the matters concerning the business and accounting conditions described in this quarterly report. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
States that there have been no new or material changes in existing risks, including country risks associated with overseas operations in Hong Kong, the Philippines and elsewhere. - FY2021-Q1RestatedAnnual report
「During the first quarter of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
States that there have been no new or material changes in existing risks, including country risks associated with overseas operations in Hong Kong, the Philippines and elsewhere. - FY2020First statedAnnual report
「Our Group operates in countries and regions including Hong Kong and the Philippines. Business activities in these regions are subject to the following risks: ① unexpected changes in laws, regulations and tax systems that have adverse effects; ② adverse effects on our Group's activities resulting from inadequate social infrastructure; ③ adverse political developments; ④ social disruption caused by terrorism or war; and ⑤ unexpected, rapid changes in labor conditions.」
Newly discloses risks associated with overseas operations, including changes in laws and regulations, tax systems, infrastructure, politics, terrorism and war, and labor conditions, as separate items.