Risks Associated with Overseas Expansion, Including Political, Legal and Business-Practice Risks
First written in FY2024. 1 of 2 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 11 of 19 companies on the "Worse" side.
23 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Because politics, culture, laws, and regulations in overseas markets differ from those in Japan, conducting business overseas entails unavoidable risks common to international operations, including compliance with the laws and regulations of each country's government, disruptions to infrastructure such as transportation, electricity, and communications, unfavorable changes to laws or tax systems, changes in social, political, and economic conditions, deterioration in relations with Japan, counterparty credit risk arising from different business practices, and changes in the labor environment.」
The political, regulatory, infrastructure, tax, credit, and labor-environment risks associated with overseas expansion are reiterated. - FY2024First statedAnnual report
「Because politics, culture, laws, and regulations in overseas markets differ from those in Japan, conducting business overseas entails unavoidable risks common to international operations, including compliance with the laws and regulations of each country's government, disruptions to infrastructure such as transportation, electricity, and communications, unfavorable changes to laws or tax systems, changes in social, political, and economic conditions, deterioration in relations with Japan, counterparty credit risk arising from different business practices, and changes in the labor environment.」
The political, regulatory, infrastructure, tax, credit, and labor-environment risks associated with expanding directly operated stores and authorized outlets overseas are listed.