Political, Economic, Foreign Exchange and Regulatory Risks Affecting Overseas Operations, Including Vietnam
First written in FY2020. 3 of 6 entries say "Restated". Latest entry: FY2025.
Sun* moved to the "Worse" side of this theme in 2021.
2 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If changes in the political, economic or social conditions of each country lead to deterioration in the business environment, employee attrition or other events, the Group's operating results and financial position may be affected.」
The company continues to describe risks in overseas operations, primarily in Vietnam, including political, economic and social conditions, tax systems and laws and regulations, foreign exchange rates and employee attrition, together with responses through coordination with the responsible organizations and cash management. - FY2023RestatedAnnual report
「If changes in the political, economic or social conditions of each country lead to deterioration in the business environment, employee attrition or other events, the Group's operating results and financial position may be affected.」
The company continues to describe risks in overseas operations, primarily in Vietnam, including political, economic and social conditions, regulations, tax systems, foreign exchange rates and employee attrition. - FY2022RestatedAnnual report
「In addition to Japan, the Group operates a consolidated subsidiary in Vietnam, Sun Asterisk Vietnam Co.,Ltd.」
The company continues to state that political, economic and social conditions, tax systems and laws and regulations, foreign exchange rates and other factors may affect its performance in overseas operations, primarily in Vietnam. - FY2021WorsenedAnnual report
「The Vietnamese subsidiary benefits from tax incentives, and the tax rate on income related to software development is 5% through 29 October 2022, after which the standard rate of 20% is scheduled to apply from 30 October 2022 onward.」
The Vietnamese subsidiary's tax rate is now stated as scheduled to apply rather than potentially applying, specifying the change from 5% to 20% with a deadline. - FY2021-Q3WorsenedAnnual report
「The Vietnamese subsidiary benefits from tax incentives, and the tax rate on income related to software development is 5% through 29 October 2022, but the standard rate of 20% may apply from 30 October 2022 onward. The Group is also considering possible expansion in Southeast Asia outside Vietnam, including Singapore, the Philippines and Indonesia, as well as in South America, North America and Europe.」
Regarding overseas business risks, the company specifies, with a deadline, the possibility that the Vietnamese subsidiary's tax rate on software development income will rise from 5% to the standard rate of 20%, and describes potential future expansion beyond Southeast Asia. It also refers to adjusting the quantitative balance between yen-denominated and dollar-denominated transactions as a response to foreign exchange risk. - FY2020First statedAnnual report
「Overseas operations are affected by various factors, including trends in the global economy and foreign exchange markets, legal regulations, differences in business practices, labor-management relations and diplomatic relations. If these risks materialize, the Group's operating results and financial position may be affected.」
Regarding overseas bases and industry-academia collaboration, primarily in Vietnam, the company identifies changes in political, economic and foreign exchange conditions, laws and regulations, business practices, labor-management relations and diplomatic relations as risks.