Regulatory, Foreign-Exchange, and Political and Economic Risks Associated with Overseas Expansion
First written in FY2016. 4 of 13 entries say "Restated". Latest entry: FY2026.
Digital Hearts Holdings moved to the "Worse" side of this theme in 2022.
0 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Marketing spending by local game developers and other major customers is trending downward, increasing uncertainty surrounding the acquisition of new projects and incentive income supporting the Company’s earnings.」
Changes in game markets and the customer environment in China and elsewhere affected new-project wins and the earnings plans of overseas subsidiaries and ultimately appeared as impairment losses. - 2026-05-13WorsenedRevision of earnings forecasts
「The business environment is changing, including a trend toward lower marketing costs at a major Chinese game developer that is a key customer, increasing uncertainty around winning new projects and incentive income supporting the company’s earnings.」
The trend toward lower marketing costs at a major Chinese game developer and the increased uncertainty surrounding new projects and incentive income indicated worsening business-environment risks associated with overseas expansion. - FY2025WorsenedAnnual report
「However, overseas business activities may be delayed due to unexpected changes in laws or regulations, major natural disasters, political or economic changes, foreign-exchange fluctuations, differences in business practices, variations in the quality of services provided by business partners, differences in employment systems and labor practices, changes in tax systems that have an adverse impact, and other factors, which may affect the businesses and performance of the Group.」
Variations in the quality of services provided by business partners and the resulting delays in business progress were added to the risks associated with overseas expansion. - FY2024-Q3WorsenedAnnual report
「In addition, the Company is reviewing its growth strategy for businesses in Europe and the United States, where profitability has declined, and promoting initiatives to make full use of resources in Vietnam in Japan, including the unification of its Vietnamese subsidiary under the AGEST brand,」
The disclosure explicitly identified declining profitability in the Europe and United States businesses and described a situation requiring a review of their growth strategy. - FY2024-Q2MaterialisedAnnual report
「Deteriorating profitability at overseas subsidiaries due to delays in new orders for testing and other factors resulting from the prolonged impact of COVID-19 in the United States.」
Regarding the external-environment risks associated with overseas expansion, delays in new orders due to the prolonged impact of the infectious disease in the United States and deteriorating profitability at overseas subsidiaries actually occurred. - FY2024-Q1RestatedAnnual report
「Meanwhile, in the global and other services businesses, while uncertainty remains over the outlook for the Chinese game market, the Company steadily won new projects, including game translation and LQA, by strengthening group collaboration.」
Although uncertainty remains over the outlook for the Chinese game market, new projects, including translation and LQA, were won through group collaboration. - FY2023MaterialisedAnnual report
「DIGITAL HEARTS CROSS Marketing and Solutions Limited, a consolidated subsidiary of the Company (hereinafter, “DIGITAL HEARTS CROSS”), expects delays in the earnings plans initially projected for its subsidiaries due to changes in the game-market environment in Asia, particularly China, and the aftereffects of the spread of COVID-19.」
Changes in the Asian game-market environment, particularly China, and the aftereffects of the infectious disease affected the earnings plans of the overseas business and ultimately resulted in an impairment loss. - FY2023-Q3WorsenedAnnual report
「Meanwhile, in the global and other services businesses, as the outlook for the Asian game market, including China, became increasingly uncertain because of the spread of COVID-19 and other factors, the Group steadily acquired new projects for game translation and LQA by strengthening collaboration across the Group.」
The disclosure noted uncertainty over the outlook for Asian game markets, including China, amid the spread of COVID-19 and other factors related to the external-environment risks associated with overseas expansion. Meanwhile, new projects were won through group collaboration. - FY2023-Q2MaterialisedAnnual report
「Although global and other services were partly affected by the Shanghai lockdown, we strengthened group collaboration and reliably captured growing demand for translation, LQA and marketing support as the overseas expansion of content accelerated.」
In connection with the regulatory, political and economic risks associated with overseas expansion, the global services were actually affected in part by the lockdown in Shanghai. - FY2022RestatedAnnual report
「Overseas business activities may be affected by unexpected changes in laws or regulations, large-scale natural disasters, political or economic changes, foreign-exchange fluctuations, differences in business practices, differences in employment systems and labor practices, and changes in tax systems that have an adverse impact.」
The Group has reconfirmed the regulatory, political and economic, foreign-exchange and business-practice risks associated with expanding the regions in which it operates overseas. - FY2019RestatedAnnual report
「However, overseas business activities may be affected by unexpected changes in laws or regulations, large-scale natural disasters, political or economic changes, foreign-exchange fluctuations, differences in business practices, differences in employment systems and labor-management practices, changes in tax systems with adverse effects, and other factors.」
The Group has reconfirmed the risks associated with expanding overseas operations, including regulatory, natural-disaster, political and economic, foreign-exchange and business-practice risks. - FY2017RestatedAnnual report
「The Group intends to continue actively expanding its services overseas. However, overseas business activities may be affected by unexpected changes in laws or regulations, large-scale natural disasters, political or economic changes, foreign-exchange fluctuations, differences in business practices, differences in employment systems and labor-management practices, changes in tax systems with adverse effects, and other factors.」
The Group has reconfirmed the risks associated with expanding overseas operations, including legal and regulatory, political and economic, foreign-exchange and business-practice risks. - FY2016First statedAnnual report
「Overseas business activities may be affected by unexpected changes in laws or regulations, large-scale natural disasters, political or economic changes, foreign-exchange fluctuations, differences in business practices, differences in employment systems and labor-management practices, changes in tax systems with adverse effects, and other factors.」
The Group describes regulatory, foreign-exchange and business-practice risks, among others, alongside its policy of expanding its overseas business.