Legal, Policy and Social Disruption Risks Associated with Overseas Operations
First written in FY2020. 11 of 13 entries say "Restated". Latest entry: FY2024.
Nof moved to the "Worse" side of this theme in 2024, 2 years after the typical company in this theme (2022).
The whole theme swung hardest in 2024: 11 of 19 companies on the "Worse" side.
1 other company's latest entry also says "Reframed".
- FY2024ReframedAnnual report
「③ Governance deficiencies at overseas locations: The Group has established production and sales bases in countries around the world, including North America, Europe and Asia, and is expanding its overseas operations. At each location, it establishes systems to ensure proper business operations, requests regular reports on operational and financial conditions, and conducts operational audits.」
The Company shifted from the previous risks of legal, policy and social disruption associated with overseas operations to a risk category centered on governance deficiencies at overseas locations, explicitly identifying regular reporting and operational audits as countermeasures. - FY2024-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The Company states that there has been no new occurrence or material change in the risks of legal, policy and social disruption associated with overseas operations. - FY2024-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The risks of legal, policy and social disruption associated with overseas operations are treated as involving no new occurrence or material change. - FY2023-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The risks of legal, policy and social disruption associated with overseas operations are treated as involving no new occurrence or material change. - FY2023-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The risks of legal, policy and social disruption associated with overseas operations are treated as involving no new occurrence or material change. - FY2023-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The risks of legal, policy and social disruption associated with overseas operations are treated as involving no new occurrence or material change. - FY2022-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The risks of legal, policy and social disruption associated with overseas operations are treated as involving no new occurrence or material change. - FY2022-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The risks of legal, policy and social disruption associated with overseas operations are treated as involving no new occurrence or material change. - FY2021RestatedAnnual report
「The Group has established production and sales bases around the world, including in North America, Europe and Asia, and is expanding its overseas operations. Although it endeavors to establish effective internal control systems at each location, future issues such as violations of laws and regulations may result in administrative surcharges, fines from criminal or civil litigation, and damages payments. In addition, unexpected changes in the laws, regulations and policies of each country, or social disruption caused by terrorism, war or other factors, may affect the Group’s business performance and financial position.」
The Company continues to disclose the risks of changes in the laws and policies of each country, legal violations, and social disruption such as terrorism and war associated with the expansion of overseas operations. - FY2021-Q3RestatedAnnual report
「During the nine-month period ended [the current third quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The risks of legal, policy and social disruption associated with overseas operations are treated as involving no new occurrence or material change. - FY2021-Q2RestatedAnnual report
「During the six-month period ended [the current second quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The risks of legal, policy and social disruption associated with overseas operations are treated as involving no new occurrence or material change. - FY2021-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
The risks of legal, policy and social disruption associated with overseas operations are treated as involving no new occurrence or material change. - FY2020First statedAnnual report
「The Group has established production and sales bases around the world, including in North America, Europe and Asia, and is expanding its overseas operations. Although it endeavors to establish effective internal control systems at each location, future issues such as violations of laws and regulations may result in administrative surcharges, fines from criminal or civil litigation, and damages payments.」
The Company organized internal controls associated with the expansion of overseas operations, changes in the laws, regulations and policies of each country, and social disruption such as terrorism and war as separate risks.