Country-Specific Risks Associated with Overseas Expansion
First written in FY2018. 3 of 4 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2025: 47 of 94 companies on the "Worse" side.
78 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「If, in connection with our overseas expansion, our group is unable to respond to potential risks such as business practices specific to each country, unforeseen changes in laws or regulations, and changes in political, social and economic conditions, it may become difficult to advance our business and this may affect our group’s business and performance.」
Country-specific risks associated with overseas expansion, including business practices, laws and regulations, and changes in political, social and economic conditions, are reiterated. - FY2020RestatedAnnual report
「If, in connection with our overseas expansion, our group is unable to respond to potential risks such as business practices specific to each country, unforeseen changes in laws or regulations, and changes in political, social and economic conditions, it may become difficult to advance our business and this may affect our group’s business and performance.」
Country-specific risks associated with the Chinese subsidiary and expansion through distributors, mainly in Asia, are reiterated. - FY2019RestatedAnnual report
「Our group has a subsidiary in China. We also plan to expand overseas through distributors, mainly in Asia, to grow our business. If, in connection with our overseas expansion, our group is unable to respond to potential risks such as business practices specific to each country, unforeseen changes in laws or regulations, and changes in political, social and economic conditions, it may become difficult to advance our business and this may affect our group’s business and performance.」
Country-specific risks associated with overseas expansion through the Chinese subsidiary and Asian distributors are reiterated. - FY2018First statedAnnual report
「If we are unable to respond to potential risks, including the business practices specific to each country, unforeseen changes in laws or regulations, and changes in social, political and economic conditions, it may become difficult to advance our business and this may affect our group’s business and performance.」
Business practices, laws and regulations, and changes in political and economic conditions associated with the Chinese subsidiary and the expansion of the agency network, mainly in Asia, are identified as risks.