Legal, regulatory, cultural, foreign exchange and impairment risks associated with overseas expansion
First written in FY2016. 2 of 5 entries say "Restated". Latest entry: FY2025.
GREE Holdings moved to the "Worse" side of this theme in 2017.
0 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「The Group is promoting the overseas rollout of various smartphone games and “REALITY” in addition to its operations in Japan. However, if it becomes difficult to pursue business because the Group is unable to address potential risks, including differences in the laws, systems and regulations, political and social conditions, culture, religion, user preferences, business practices and foreign exchange rates of each country, this may affect the Group’s business development and operating results.」
The risks associated with laws and regulations, culture, business practices, foreign exchange rates and other factors affecting overseas game operations and REALITY are reiterated. - FY2024RestatedAnnual report
「The Group is promoting the overseas rollout of various smartphone games and “REALITY” in addition to its operations in Japan. However, if it becomes difficult to pursue business because the Group is unable to address potential risks, including differences in the laws, systems and regulations, political and social conditions, culture, religion, user preferences, business practices and foreign exchange rates of each country, this may affect the Group’s business development and operating results.」
The risks associated with laws and regulations, culture, business practices, foreign exchange rates and other factors affecting REALITY, in addition to overseas game operations, are reiterated. - FY2023ReframedAnnual report
「The Group is promoting the overseas rollout of various smartphone games and “REALITY” in addition to its operations in Japan. However, if it becomes difficult to pursue business because the Group is unable to address potential risks, including differences in the laws, systems and regulations, political and social conditions, culture, religion, user preferences, business practices and foreign exchange rates of each country, this may affect the Group’s business development and operating results.」
In addition to the existing overseas game operations, REALITY is now explicitly included, broadening the scope of risks associated with overseas expansion. - FY2017MaterialisedAnnual report
「Regarding goodwill and other assets arising from the acquisitions of consolidated subsidiaries GREE Melbourne Pty Ltd. and Fantasy Legend Studios, Inc., the full carrying amount was recognized as an impairment loss because the earnings expected at the time of acquisition could no longer be anticipated.」
For the overseas business, an impairment loss of ¥4,107 million on goodwill and other assets related to Fantasy Legend Studios and GREE Melbourne was actually recognized. - FY2016First statedAnnual report
「However, if it becomes difficult to pursue business because the Group is unable to address potential risks, including differences in the laws, systems and regulations, political and social conditions, culture, religion, user preferences, business practices and foreign exchange rates of each country, this may affect the Group’s business development and operating results.」
In addition to risks specific to overseas operations involving systems, culture and foreign exchange rates, impairment of goodwill if plans are not achieved is also cited.