Business constraints arising from political, economic and social turmoil and legal restrictions overseas
First written in FY2018. 1 of 4 entries say "Restated". Latest entry: FY2022.
Nichia Steel Works moved to the "Worse" side of this theme in 2022, the same year as the typical company in this theme.
The whole theme swung hardest in 2022: 38 of 76 companies on the "Worse" side.
9 other companies' latest entry also says "Reframed".
- FY2022ReframedAnnual report
「In addition, we established the Overseas Business Division in July 2017 to strengthen our management and support functions for overseas subsidiaries and affiliated companies. Subsequently, in September 2021, we reorganized the structure and established the Affiliated Companies Division to oversee domestic and overseas subsidiaries and affiliated companies, and it manages the overseas subsidiaries and affiliated companies.」
The structure was reorganized from strengthened management and support by the Overseas Business Division to one centered on the Affiliated Companies Division, established in the September 2021 organizational reorganization to oversee domestic and overseas subsidiaries and affiliated companies. - FY2020MitigatedAnnual report
「At our company, the presidents and directors of the Company and its subsidiaries serve as directors, chairpersons and general managers of overseas subsidiaries and affiliated companies. They request reports as appropriate and provide necessary advice at monthly meetings and other forums concerning important management matters and risks at those overseas subsidiaries and affiliated companies. In addition, we established the Overseas Business Division in July 2017 to strengthen our management and support functions for overseas subsidiaries and affiliated companies.」
Specific measures to address the risks of political, economic and social turmoil associated with overseas businesses were described, including monthly reporting, advice, and strengthened management and support by the Overseas Business Division. - FY2019RestatedAnnual report
「The Group conducts production and sales activities overseas, but its business activities may be constrained by overseas political or economic turmoil, social disruption such as epidemics and terrorism, and legal regulations.」
The risks of political and economic turmoil, social disruption and legal regulations related to overseas businesses continue to be disclosed. - FY2018First statedAnnual report
「The Group conducts production and sales activities overseas, but its business activities may be constrained by overseas political or economic turmoil, social disruption such as epidemics and terrorism, and legal regulations.」
The risks of political and economic turmoil, epidemics and terrorism, and legal regulations related to overseas businesses are systematically identified explicitly for the first time.