Legal and Regulatory Issues and Political Turmoil Associated with Overseas Business Expansion
First written in FY2020. 4 of 8 entries say "Restated". Latest entry: FY2026-H1.
S&B Foods moved to the "Worse" side of this theme in 2025, 4 years after the typical company in this theme (2021).
The whole theme swung hardest in 2022: 43 of 89 companies on the "Worse" side.
37 other companies' latest entry also says "Worsened".
- FY2026-H1WorsenedAnnual report
「However, if an unforeseen event occurs due to changes in laws and regulations, political disruption, changes in tariffs, international conflicts, pandemics, natural disasters or other factors in countries in these regions, it could affect the Group’s business results and financial position.」
Changes in tariffs were added to the risk factors associated with overseas business. International conflicts, pandemics, natural disasters and other factors remain included. - FY2023-Q1RestatedAnnual report
「During the cumulative first quarter of the fiscal year, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the financial condition, operating results or cash flows of the Company and its consolidated subsidiaries (collectively, the "Group"), among the matters concerning the business and financial conditions described in this quarterly report, nor were there any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The disclosure states that there has been no occurrence or material change concerning risks such as legal and political disruption associated with overseas business expansion. - FY2022WorsenedAnnual report
「However, if an unforeseen event occurs due to changes in laws and regulations, political disruption, international conflicts, pandemics, natural disasters or other factors in countries in these regions, it could affect the Group’s business results and financial position.」
International conflicts were additionally identified as an overseas business risk factor, alongside legal and regulatory issues, political disruption, pandemics and natural disasters. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the financial condition, operating results or cash flows of the Company and its consolidated subsidiaries (collectively, the "Group"), among the matters concerning the business and financial conditions described in this quarterly report, nor were there any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The disclosure states that there has been no occurrence or material change concerning risks such as legal and political disruption associated with overseas business expansion. - FY2022-Q2RestatedAnnual report
「During the cumulative second quarter of the current consolidated fiscal year, there were no material changes to the occurrence of major risks that management recognizes as potentially having a material impact on the financial position, operating results or cash flows of the company and its consolidated subsidiaries, collectively referred to as the group, among the matters concerning the business and accounting situations described in this quarterly securities report, or to the “Business and Other Risks” described in the securities report for the previous fiscal year.」
The disclosure states that there has been no occurrence or material change concerning risks such as legal and political disruption associated with overseas business expansion. - FY2021WorsenedAnnual report
「However, if an unforeseen event occurs due to changes in laws and regulations, political disruption, pandemics, natural disasters or other factors in countries in these regions, it could affect the Group’s business results and financial position.」
Pandemics and natural disasters were explicitly added to the overseas business risk factors, alongside the existing risks of legal and political disruption. - FY2021-Q3RestatedAnnual report
「During the cumulative third quarter of the fiscal year, there were no occurrences of the major risks that management recognizes as potentially having a material impact on the financial condition, operating results or cash flows of the Company and its consolidated subsidiaries (collectively, the "Group"), among the matters concerning the business and financial conditions described in this quarterly report, nor were there any material changes to the "Business and Other Risks" described in the annual securities report for the previous fiscal year.」
The disclosure states that there has been no occurrence or material change concerning the risk of legal and political disruption associated with overseas business expansion. - FY2020First statedAnnual report
「Our Group sells products to retailers, restaurants and other customers in regions around the world, including the Americas, Europe, Asia, Oceania and the Middle East, and operates an overseas business. We conduct business activities while taking into account the differing regional characteristics, laws and regulations and market needs in each region. However, if an unforeseen event occurs, such as changes in laws and regulations or political disruption in countries in these regions, it could affect the Group’s business results and financial position.」
For the first time, we separately identified as major risks the regions in which we operate overseas, our responses to the laws, regulations and market needs of each region, and the impact of regulatory changes and political disruption.