Regulatory, Political and Tax Risks Associated with Overseas Expansion
First written in FY2017. 1 of 3 entries say "Restated". Latest entry: FY2021.
Fuji Oil moved to the "Worse" side of this theme in 2021, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 50 of 96 companies on the "Worse" side.
6 other companies' latest entry also says "Reframed".
- FY2021ReframedAnnual report
「The company has identified country risk in the countries where it operates as a new risk and instructed the executive responsible to consider necessary measures.」
The former regulatory, tax, and political and social risks in overseas countries have been consolidated and identified as country risk in the countries where the Group operates, a company-wide material risk. - FY2019RestatedAnnual report
「To pursue growth globally, the Group has established bases and operates in 20 overseas countries. If it faces diverse risks, including country-specific protectionist regulations, unexpected changes in laws and regulations, tax events unfavorable to the Group or tax reforms, as well as political and social risks,」
The scale of overseas operations is specified as bases in 20 countries, while regulatory, tax, political and social risks in each country continue to be identified. - FY2017First statedAnnual report
「The Group is focusing on expanding its overseas business and operates globally. If it faces diverse risks, including country-specific protectionist regulations, unexpected changes in laws and regulations, tax events unfavorable to the Group or tax reforms arising from complex international taxation, as well as political and social risks, its business, performance and financial condition may be adversely affected.」
The company identifies protectionist regulations, laws and regulations, international taxation, and political and social risks associated with overseas expansion.