Risks Related to Management Functions at Subsidiaries and Affiliates and Oversight of Overseas Operations
First written in FY2017. 1 of 2 entries say "Restated". Latest entry: FY2018.
The whole theme swung hardest in 2024: 4 of 16 companies on the "Worse" side.
14 other companies' latest entry also says "Restated".
- FY2018RestatedAnnual report
「However, if management functions at subsidiaries or affiliates fail to operate adequately, the development of the necessary structures is delayed, or country risks materialize at overseas subsidiaries or affiliates, including market trends, competitors, political, economic, legal, cultural, religious and customary factors, and foreign exchange, this could materially affect our group’s results.」
子会社・関連会社の管理機能不足、体制整備の遅延及び海外拠点のカントリーリスクを継続している。 - FY2017First statedAnnual report
「However, if management functions at subsidiaries or affiliates fail to operate adequately, the development of the necessary structures is delayed, or country risks materialize at overseas subsidiaries or affiliates, including market trends, competitors, political, economic, legal, cultural, religious and customary factors, and foreign exchange, this could materially affect our group’s results.」
Describes the risks of inadequate management functions, delayed development of control structures and country risks at overseas operations.