Risks related to legal, political and economic conditions and infrastructure changes at overseas bases
First written in FY2017. 1 of 2 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2022: 21 of 45 companies on the "Worse" side.
33 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「In overseas business operations, the group’s operating performance may be affected if the enactment, amendment or abolition of applicable laws, tax systems and policies, differences in interpretation, changes in political and economic conditions or diplomatic relations, outages or delays involving infrastructure such as electricity, transportation and communications, changes in the practical treatment of laws, regulations and business practices, rising personnel costs, terrorism, war or infectious diseases occur, or if potential risks arising from differences in business practices from those in Japan materialize and adversely affect local business activities.」
Continued to outline risks related to laws, political and economic conditions, infrastructure, personnel costs and infectious diseases at overseas bases. - FY2017First statedAnnual report
「In overseas business operations, the group’s operating performance may be affected if the enactment, amendment or abolition of applicable laws, tax systems and policies, differences in interpretation, changes in political and economic conditions or diplomatic relations, outages or delays involving infrastructure such as electricity, transportation and communications, changes in the practical treatment of laws, regulations and business practices, rising personnel costs, terrorism, war or infectious diseases occur, or if potential risks arising from differences in business practices from those in Japan materialize and adversely affect local business activities.」
Enumerated changes in laws, tax systems, political and economic conditions, diplomatic relations, infrastructure and personnel costs, among other factors, at overseas bases in the Philippines, China, the United States and elsewhere.