Foreign Exchange Fluctuations and Regulatory Risks in Overseas Businesses
First written in FY2017. 2 of 4 entries say "Restated". Latest entry: FY2022.
The whole theme swung hardest in 2025: 72 of 117 companies on the "Worse" side.
73 other companies' latest entry also says "Restated".
- FY2022RestatedAnnual report
「Overseas subsidiaries are subject to the laws and regulations of the countries in which they operate. If laws or regulations are changed, new laws or regulations are enacted, or interpretations are changed in the future, the operations of overseas subsidiaries may be restricted.」
The company continues to address the risks of local regulations and foreign exchange fluctuations affecting overseas operations through information sharing with overseas subsidiaries. - FY2019ReframedAnnual report
「The Group currently operates in South Korea, China and the United States and plans to consider expanding its operations into other regions.」
The description of overseas operations has changed from treating the United States as a region planned for future expansion to treating it, together with South Korea and China, as a current operating region, with expansion into other regions to be considered in the future. - FY2018RestatedAnnual report
「The Group currently operates in South Korea and China and plans to expand its operations in the United States and other Asian countries.」
The company continues to describe the risks of foreign exchange fluctuations and local regulations affecting overseas operations, together with its planned expansion into the United States and Asia. - FY2017First statedAnnual report
「For the Group's consolidated financial statements, revenue, assets and other items of overseas subsidiaries are translated into yen. Fluctuations in exchange rates at the time of translation may affect their yen-denominated value and consequently the Group's results.」
As the company plans to expand beyond South Korea and China into the United States and other Asian countries, it identifies foreign exchange fluctuations and local regulations as risks affecting its overseas operations.