Risks associated with outsourcing bookkeeping operations to China
First written in FY2016. 6 of 8 entries say "Restated". Latest entry: FY2025.
No other company in this theme has enough history to compare yet.
- FY2025RaisedAnnual report
「As one of the cost-reduction measures in our Group, we outsource part of the data-entry work arising in each segment, including bookkeeping processing in the accounting services business, to companies located in Shenzhen, People’s Republic of China. Such outsourcing to overseas providers entails inherent risks, including unforeseen changes in laws or regulations, terrorism, war and social unrest caused by other factors. If such an event occurs, our Group may be unable to provide its services smoothly, which could adversely affect its business performance.」
Expanded the scope of work outsourced to Shenzhen, China, from bookkeeping processing to data-entry work in each segment, and explicitly described the potential impact on the smooth provision of services. - FY2023RestatedAnnual report
「As one of the cost-reduction measures in our accounting services business, our Group outsources part of its bookkeeping work to companies located in Shenzhen, People’s Republic of China. Such outsourcing to overseas providers entails inherent risks, including unforeseen changes in laws or regulations, terrorism, war and social unrest caused by other factors.」
Continues to disclose the outsourcing of bookkeeping work to Shenzhen, China, and the risks of regulatory changes, terrorism, war, social unrest and other factors. - FY2022RestatedAnnual report
「As one of the cost-reduction measures in our accounting services business, our Group outsources part of its bookkeeping work to companies located in Shenzhen, People’s Republic of China. Such outsourcing to overseas providers entails inherent risks, including unforeseen changes in laws or regulations, terrorism, war and social unrest caused by other factors.」
Continues to disclose the outsourcing of bookkeeping work to Shenzhen, China, as a cost-reduction measure, and the risks of regulatory changes, terrorism, war, social unrest and other factors. - FY2021RestatedAnnual report
「As one of the cost-reduction measures in our accounting services business, our Group outsources part of its bookkeeping work to companies located in Shenzhen, People’s Republic of China. Such outsourcing to overseas providers entails inherent risks, including unforeseen changes in laws or regulations, terrorism, war and social unrest caused by other factors.」
Continues to disclose the outsourcing of bookkeeping work to Shenzhen, China, and the risks of regulatory changes, terrorism, war, social unrest and other factors. - FY2020RestatedAnnual report
「As one of the cost-reduction measures in our accounting services business, our Group outsources part of its bookkeeping work to companies located in Shenzhen, People’s Republic of China. Such outsourcing to overseas providers entails inherent risks, including unforeseen changes in laws or regulations, terrorism, war and social unrest caused by other factors.」
Reiterates the outsourcing of bookkeeping work to Shenzhen, China, along with the risks of regulatory changes, social unrest and other factors. - FY2019RestatedAnnual report
「As one of the cost-reduction measures in our accounting services business, our Group outsources part of its bookkeeping work to companies located in Shenzhen, People’s Republic of China. Such outsourcing to overseas providers entails inherent risks, including unforeseen changes in laws or regulations, terrorism, war and social unrest caused by other factors.」
Reiterates the outsourcing of bookkeeping work to Shenzhen, China, to reduce costs, along with the risks of regulatory changes, social unrest and other factors. - FY2017RestatedAnnual report
「As a cost-reduction measure for the future development of its outsourcing business, the group outsources part of its bookkeeping work to a company located in Shenzhen, People’s Republic of China. Such offshore outsourcing entails risks including unexpected changes in laws or regulations, terrorism, war, and social disruption caused by other factors.」
Reiterates the outsourcing of bookkeeping work to Shenzhen, China, as a cost-reduction measure, along with the risks of regulatory changes, social unrest and other factors. - FY2016First statedAnnual report
「As a cost-reduction measure for the future development of its outsourcing business, the group outsources part of its bookkeeping work to a company located in Shenzhen, People’s Republic of China. Such offshore outsourcing entails risks including unexpected changes in laws or regulations, terrorism, war, and social disruption caused by other factors.」
The company discloses the risks of changes in laws and regulations and social disruption associated with outsourcing work to Shenzhen, China, to reduce costs.