Uncertainty Surrounding Local Laws, Business Practices and Other Factors in Overseas Operations
First written in FY2019. 1 of 2 entries say "Worsened", first in FY2020. Latest entry: FY2020.
Soken Chemical & Engineering moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 40 of 83 companies on the "Worse" side.
34 other companies' latest entry also says "Worsened".
- FY2020WorsenedAnnual report
「The Group is actively expanding its business through 4 subsidiaries, focusing on the future potential of the chemicals products market in Asia, particularly China. However, unexpected situations arising from changes in local laws, business practices, political and economic turmoil, natural disasters, epidemics and other factors may affect the Group's results.」
The disclosure of overseas business risks has expanded from local laws and business practices to political and economic turmoil, natural disasters and epidemics. - FY2019First statedAnnual report
「Unexpected events arising from changes in local laws and regulations, business practices and other factors may affect the Group's results.」
For the first time, separately identified as a risk the unexpected situations arising from changes in local laws and business practices in overseas operations in Asia, particularly China.