Security, Legal and Infrastructure Risks Associated with Overseas Expansion
First written in FY2017. 3 of 7 entries say "Restated". Latest entry: FY2026.
Tomoegawa moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 21 of 45 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「As a result, events such as terrorism, deteriorating public security, conflict, armed hostilities, and changes in laws, tax systems, tariffs or environmental regulations may affect the performance of the group.」
The risks associated with overseas expansion now explicitly include changes in environmental regulations in addition to the previously disclosed security, conflict, legal and tariff risks. - FY2025ReframedAnnual report
「As a result, events such as terrorism, deteriorating public security, conflict, armed hostilities, and changes in laws, tax systems or tariffs may affect the performance of the group.」
The risks associated with overseas expansion now explicitly include changes in tariffs in addition to the previously disclosed changes in laws and tax systems. - FY2024RestatedAnnual report
「The company is actively promoting global business expansion in North America, Europe and Asia with the aim of expanding its business. As a result, events such as terrorism, deteriorating public security, conflict, armed hostilities, and changes in laws or tax systems may affect the performance of the group.」
The company continues to disclose security, conflict, and legal and tax risks associated with overseas expansion, together with responses including the provision of security information and monitoring developments in laws and regulations. - FY2023ReframedAnnual report
「The company is actively promoting global business expansion in North America, Europe and Asia with the aim of expanding its business. As a result, events such as terrorism, deteriorating public security, conflict, armed hostilities, and changes in laws or tax systems may affect the performance of the group.」
The description of risks associated with overseas expansion now explicitly includes conflict and armed hostilities. The company discloses responses including the provision of security information and monitoring developments in overseas laws and tax systems. - FY2020RestatedAnnual report
「The company is actively promoting global business expansion in North America, Europe and Asia. As a result, events such as terrorism, deteriorating public security, and changes in laws or tax systems may affect the performance of the group.」
The company continues to disclose the risks associated with overseas expansion, including security and legal and tax risks, together with key initiatives such as response manuals and the provision of information. - FY2019RestatedAnnual report
「The company is actively promoting global business expansion in North America, Europe and Asia with the aim of expanding its business. As a result, events such as deteriorating public security due to terrorism or political upheaval, unexpected changes in laws or tax systems, and disruptions to social infrastructure such as electricity and water may affect the performance of the group.」
The company continues to disclose security, legal and tax, and infrastructure risks associated with overseas expansion in North America, Europe and Asia. - FY2017First statedAnnual report
「The company is actively promoting global business expansion in North America, Europe and Asia. As a result, events such as deteriorating public security due to terrorism or political upheaval, unexpected changes in laws or tax systems, and disruptions to social infrastructure such as electricity and water may affect the performance of the group.」
The company identifies deteriorating public security, changes in laws and tax systems, and social infrastructure disruptions associated with operations in North America, Europe and Asia as risks.