Risks Associated with Business Expansion through Overseas Subsidiaries, Including the Chinese Entity
First written in FY2017. 2 of 4 entries say "Restated". Latest entry: FY2020.
Media Kobo moved to the "Worse" side of this theme in 2020.
0 other companies' latest entry also says "Reframed".
- FY2020ReframedAnnual report
「The Group established the Hong Kong entity 日本和心醫藥有限公司 (English name: Japan Hexin Medical Limited) to strengthen business alliances with local entities relating to its businesses. The Group also has the Shanghai entity 魅仕坊（上海）互聯网科技有限公司, for which liquidation procedures are currently under way as of the filing date of this document.」
The scope of overseas subsidiary risks has been reorganized around the liquidation procedures for the Shanghai entity and a structure centered on the Hong Kong entity. - FY2019RestatedAnnual report
「We seek to mitigate operational risk by assigning our officers and employees to the subsidiary. However, if losses arise due to amendments to local laws and regulations, an increase in personnel accompanying business expansion, or developments in the global situation, this may affect the Group's operating results.」
For overseas subsidiaries, including the Shanghai entity and the Hong Kong joint venture, the response of assigning officers and employees and the risks relating to local laws and regulations, increases in personnel, and the global situation have been reconfirmed. - FY2018RestatedAnnual report
「We seek to mitigate operational risk by assigning our officers and employees to the subsidiary. However, if losses arise due to amendments to local laws and regulations, an increase in personnel accompanying business expansion, or developments in the global situation, this may affect the Group's operating results.」
For overseas subsidiaries, including the Chinese entity, the response of assigning officers and employees and the risks relating to local laws and regulations, increases in personnel, and the global situation have been reconfirmed. - FY2017First statedAnnual report
「We seek to mitigate operational risk by assigning our officers and employees to the subsidiary. However, if losses arise due to amendments to local laws and regulations, an increase in personnel accompanying business expansion, or developments in the global situation, this may affect the Group's operating results.」
For overseas subsidiaries, including the newly established Chinese entity, the possibility of losses arising from local laws and regulations, increases in personnel, and the global situation is disclosed separately as a risk for the first time.