Business, Foreign Exchange and Regulatory Risks Associated with Operating in China
First written in FY2017. 2 of 3 entries say "Mitigated", first in FY2023-Q3. Latest entry: FY2023.
The whole theme swung hardest in 2022: 3 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2023MitigatedAnnual report
「We proceeded with negotiations toward transferring the equity interest because we believed that concentrating management resources on our domestic business would improve corporate value going forward. Following the negotiations, agreement was reached on the terms, and we resolved to transfer the equity interest in 丸悦（香港）有限公司.」
Regarding the China business, all equity interests were transferred on 17 January 2023, reducing exposure to the China business by concentrating management resources on the domestic business. - FY2023-Q3MitigatedAnnual report
「We proceeded with negotiations toward transferring the equity interest because we believed that concentrating management resources on our domestic business would improve corporate value going forward.」
Regarding the China business, the Group indicated a plan to concentrate management resources on the domestic business through a transfer of all equity interests, thereby reducing its exposure to the business, foreign exchange and regulatory risks associated with the China business. - FY2017First statedAnnual report
「Our Group operates food supermarkets in China. Unexpected changes in laws or regulations, fluctuations in exchange rates, political or economic factors, changes in tax systems, or social disruption caused by terrorism or other events could affect our Group's business performance and financial condition.」
Risks related to laws and regulations, foreign exchange, political and economic conditions, taxation, and social disruption were identified in connection with the operation of food supermarkets in China.