Country Risks Associated with Overseas Subsidiaries and Markets
First written in FY2022. 3 of 4 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 72 of 118 companies on the "Worse" side.
73 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The Group has subsidiaries overseas and faces higher risks than in its domestic operations, including country risks and litigation risks arising from differences in business practices and operating environments overseas, compliance with the laws and regulations and trade policies of each country, currency controls and foreign exchange fluctuations, infrastructure failures mainly involving electricity and communications, adverse changes to various laws and tax systems, taxation under transfer pricing rules, and changes in the political and social conditions unique to each country.」
The company has reaffirmed the risks associated with the laws and regulations, tax systems, infrastructure, foreign exchange, and political and social conditions of overseas subsidiaries and markets. - FY2024RestatedAnnual report
「The Group has subsidiaries overseas and faces higher risks than in its domestic operations, including country risks and litigation risks arising from differences in business practices and operating environments overseas, compliance with the laws and regulations and trade policies of each country, currency controls and foreign exchange fluctuations, infrastructure failures mainly involving electricity and communications, adverse changes to various laws and tax systems, taxation under transfer pricing rules, and changes in the political and social conditions unique to each country.」
The company has reaffirmed the risks associated with the laws and regulations, tax systems, infrastructure, foreign exchange, and political and social conditions of overseas subsidiaries and markets. - FY2023RestatedAnnual report
「The Group faces higher risks than in its domestic operations, including country risks and litigation risks arising from differences in business practices and operating environments overseas, compliance with the laws and regulations and trade policies of each country, currency controls and foreign exchange fluctuations, infrastructure failures mainly involving electricity and communications, adverse changes to various laws and tax systems, taxation under transfer pricing rules, and changes in the political and social conditions unique to each country.」
The company has reiterated the risks associated with the laws and regulations, tax systems, infrastructure, foreign exchange, and political and social conditions of overseas subsidiaries and markets. - FY2022First statedAnnual report
「The Group faces higher risks than in its domestic operations, including country risks arising from differences in business practices and operating environments overseas, compliance with the laws and regulations and trade policies of each country, currency controls and foreign exchange fluctuations, infrastructure failures mainly involving electricity and communications, adverse changes to various laws and tax systems, taxation under transfer pricing rules, and changes in the political and social conditions unique to each country.」
The company discloses risks related to laws and regulations, tax systems, infrastructure, and political and social conditions alongside the expansion of its overseas operations.