Changes in Agricultural Policy, TPP, EPAs and FTAs
First written in FY2016. 3 of 6 entries say "Restated". Latest entry: FY2024.
Mitsui DM Sugar moved to the "Worse" side of this theme in 2019.
2 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Changes in future government agricultural policy and progress on EPAs (economic partnership agreements), FTAs (free trade agreements) and the TPP (Trans-Pacific Partnership) could result in inexpensive sugar-containing products being imported from overseas or inexpensive refined sugar being imported in the future, potentially affecting the group's operating results and financial position through lower sales and risks such as impairment of fixed assets.」
The disclosure continues to describe the risks of lower sales and impairment of fixed assets arising from agricultural policy, EPAs, FTAs, the TPP and inexpensive imports. - FY2021RestatedAnnual report
「The domestic sugar business operates within a framework based on government agricultural policy and laws including the Act on Price Adjustment of Sugar and Starch. Changes in future government agricultural policy and progress on EPAs (economic partnership agreements), FTAs (free trade agreements) and the TPP (Trans-Pacific Partnership) could result in inexpensive sugar-containing products being imported from overseas or inexpensive refined sugar being imported in the future, potentially affecting the group's operating results and financial position through lower sales and risks such as impairment of fixed assets.」
The disclosure continues to describe the risks of lower sales and impairment of fixed assets arising from agricultural policy, EPAs, FTAs, the TPP and inexpensive imports. - FY2020WorsenedAnnual report
「Changes in future government agricultural policy and progress on EPAs (economic partnership agreements) and FTAs (free trade agreements) could result in inexpensive sugar-containing products being imported from overseas or inexpensive refined sugar being imported in the future, potentially affecting the group's operating results and financial position through lower sales and risks such as impairment of fixed assets.」
The potential impact scenario for changes in agricultural policy, EPAs and FTAs was made more specific, including lower sales due to imports of inexpensive sugar-containing products and refined sugar, as well as the risk of impairment of fixed assets. - FY2019ReframedAnnual report
「The sugar business operates under the government's agricultural policies and laws including the Act on Price Adjustment of Sugar and Starch. Changes in government agricultural policy and progress on EPAs (economic partnership agreements) and FTAs (free trade agreements) could affect the group's operating results and financial position.」
Rather than mentioning the previously cited TPP separately, the disclosure describes trade policy risks centered on agricultural policy and EPAs and FTAs. - FY2017RestatedAnnual report
「The sugar business operates under the government's agricultural policies and laws including the Act on Price Adjustment of Sugar and Starch. Changes in government agricultural policy, developments in the TPP (Trans-Pacific Partnership), and progress on EPAs (economic partnership agreements) and FTAs (free trade agreements) could affect the group's operating results and financial position.」
The business environment risks arising from agricultural policy, related laws, and progress on the TPP, EPAs and FTAs have been reiterated. - FY2016First statedAnnual report
「The sugar business operates under the government's agricultural policies and laws including the Act on Price Adjustment of Sugar and Starch. Changes in government agricultural policy, developments in the TPP (Trans-Pacific Partnership), and progress on EPAs (economic partnership agreements) and FTAs (free trade agreements) could affect the group's operating results and financial position.」
Agricultural policy, related laws, and developments in the TPP, EPAs and FTAs are identified as external risks to the sugar business.