Legal, political and economic risks associated with global business expansion, including China
First written in FY2020. 4 of 8 entries say "Materialised", first in FY2023-Q2. Latest entry: 2026-06-23.
Ichikura moved to the "Worse" side of this theme in 2023.
2 other companies' latest entry also says "Mitigated".
- 2026-06-23MitigatedManagement Planning
「Promoting thorough cost reductions, including negotiations to reduce rent.」
The Company presented cost-reduction measures, including negotiations to reduce rent, to improve profitability in the China business. - FY2026WorsenedAnnual report
「In China, demand for weddings stagnated and the number of weddings held declined due to economic trends and weaker consumer sentiment among younger people. Combined with intensifying price competition, the average price per wedding also declined, resulting in revenue and segment profit in China both falling below the previous consolidated fiscal year.」
In the China business, weaker economic conditions and consumer sentiment and intensified price competition became evident in performance, with the number of ceremonies held, average price per ceremony, revenue and segment profit all falling below the previous fiscal year. - FY2023MaterialisedAnnual report
「At the Chinese subsidiary in Shanghai, weddings could not be booked or held from April through June 2022 because the Shanghai municipal government imposed a lockdown for approximately 2 months from 28 March 2022 as the spread of COVID-19 intensified.」
Regarding its global business, including China, a lockdown imposed by the Shanghai municipal government actually occurred, suspending wedding bookings and ceremonies at the Chinese subsidiary. - FY2023-Q2MaterialisedAnnual report
「At the Chinese subsidiary in Shanghai, weddings could not be booked or held from April through June 2022 because the Shanghai municipal government imposed a lockdown for approximately 2 months from 28 March 2022 as the spread of COVID-19 intensified.」
Regarding external-environment risks affecting its global business, including China, a lockdown imposed by the Shanghai municipal government actually occurred, suspending wedding bookings and ceremonies at the Chinese subsidiary for approximately 3 months. - FY2022AdvancedAnnual report
「The company opened a wedding venue in March 2019 and has now begun construction of its second facility.」
While the second facility in Shanghai had reached the construction-start stage, the company continued to disclose global business risks, including laws and regulations, tax systems, foreign-exchange systems, political conditions and economic fluctuations. - FY2020First statedAnnual report
「Although the company takes all possible measures to hedge risks associated with its global business, changes in regulations, tax systems and market systems resulting from unforeseen changes in laws and regulations, political instability and economic fluctuations may affect the financial condition and operating results of the Group.」
Following the opening of a wedding venue in Shanghai, China, the company identified overseas regulations, tax systems, foreign-exchange systems, political conditions and economic fluctuations as risks specific to its global business.