Regional conditions, international tax and natural-disaster risks associated with overseas expansion
First written in FY2017-Q1. 17 of 22 entries say "Restated". Latest entry: FY2025.
Zuiko moved to the "Worse" side of this theme in 2025, 3 years after the typical company in this theme (2022).
The whole theme swung hardest in 2022: 38 of 76 companies on the "Worse" side.
9 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「Overseas sales account for approximately 80% of the group's total, and it actively conducts business activities across a broad range of countries and regions. Unlike domestic operations, these overseas activities inherently involve risks such as unexpected changes in laws or regulations, political and economic disruption, and exchange-rate fluctuations.」
The risks associated with overseas operations have been organized as country risks reflecting the scale of overseas sales, which account for approximately 80% of total sales, and including legal and regulatory, political and economic, and foreign-exchange risks. Reports from the departments responsible for overseas subsidiaries and inspection visits by the Internal Audit Office are also described as measures to address these risks. - FY2025-H1RestatedAnnual report
「No new business or other risks arose during the current interim consolidated accounting period. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It has been reconfirmed that there have been no new developments or material changes in the risks associated with overseas operations, including regional conditions, international taxation and other risks such as natural disasters. - FY2025-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It has been reconfirmed that there have been no new developments or material changes in the risks associated with overseas operations, including regional conditions, international taxation and natural disasters. - FY2024-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It has been reconfirmed that there have been no new developments or material changes in the risks associated with overseas operations, including regional conditions, international taxation and natural disasters. - FY2024-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It has been reconfirmed that there have been no new developments or material changes in the risks associated with overseas operations, including regional conditions, international taxation and natural disasters. - FY2023-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It has been reconfirmed that there have been no new developments or material changes in the risks associated with overseas operations, including regional conditions, international taxation and natural disasters. - FY2023-Q1RestatedAnnual report
「During the three-month period ended [the current first quarter], there were no newly arising business or other risks, nor any material changes to the business and other risks described in the Annual Securities Report for the prior fiscal year.」
It has been reconfirmed that there have been no new developments or material changes in the risks associated with overseas operations, including regional conditions, international taxation and natural disasters. - FY2021-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter under review. In addition, there have been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It has been reconfirmed that there have been no new developments or material changes in the risks associated with overseas operations, including regional conditions, international taxation and natural disasters. - FY2020ReframedAnnual report
「Unlike domestic operations, these overseas activities inherently involve risks such as unexpected changes in laws or regulations, political and economic disruption, and exchange-rate fluctuations. If such events occur, they may affect the group's operating results and financial position.」
The description of risks associated with overseas operations has changed from a list focused on regional conditions, international taxation and natural disasters to one centered on changes in laws and regulations, political and economic disruption, and exchange-rate fluctuations. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter under review. In addition, there have been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It has been reconfirmed that there have been no new developments or material changes in the risks associated with overseas operations, including regional conditions, international taxation and natural disasters. - FY2020-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It has been reconfirmed that there have been no new developments or material changes in the risks associated with overseas operations, including regional conditions, international taxation and natural disasters. - FY2019Expansion of the regions coveredAnnual report
「The group conducts research and development, production, sales and other business activities in North America, South America, Europe and Asia, particularly China. If significant changes in economic conditions or political and social systems, international tax issues such as transfer pricing rules, or events such as earthquakes and other natural disasters occur in these countries or regions, they may affect the group's business strategy and operating results.」
Europe has been explicitly added to the previously listed overseas operating risks, and the description of the regions covered has been updated. The types of risk themselves remain economic, political and social conditions, international taxation and natural disasters. - FY2019-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter under review. In addition, there have been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It has been reconfirmed that there have been no new developments or material changes in the risks associated with overseas operations, including regional conditions, international taxation and natural disasters. - FY2019-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It has been reconfirmed that there have been no new developments or material changes in the risks associated with overseas operations, including regional conditions, international taxation and natural disasters. - FY2019-Q1RestatedAnnual report
「No new business or other risks arose during the first quarter of the current consolidated cumulative period. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It has been reconfirmed that there have been no new developments or material changes in the risks associated with overseas operations, including regional conditions, international taxation and natural disasters. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter under review. In addition, there have been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It has been reconfirmed that there have been no new developments or material changes in the risks associated with overseas operations, including regional conditions, international taxation and natural disasters. - FY2018-Q2RestatedAnnual report
「During the first six months of the current consolidated fiscal year, there were no newly arising business or other risks. In addition, there were no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It has been reconfirmed that there have been no new developments or material changes in the risks associated with overseas operations, including regional conditions, international taxation and natural disasters. - FY2018-Q1RestatedAnnual report
「No new business or other risks arose during the first quarter of the current consolidated cumulative period. There were also no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It has been stated comprehensively that there have been no new developments or material changes in the risks associated with overseas operations, including regional conditions, international taxation and natural disasters. - FY2017MaterialisedAnnual report
「This represents additional tax assessed under the transfer pricing tax rules in connection with transactions between the Company and its consolidated subsidiary 瑞光（上海）電気設備有限公司.」
Regarding the international tax issue previously listed as an overseas operating risk, an additional ¥393.699 million in tax under the transfer pricing tax rules on transactions with 瑞光（上海）電気設備有限公司 was actually recognized as corporate income taxes for prior periods. - FY2017-Q3RestatedAnnual report
「Significant changes in economic conditions, political and social systems, international tax issues such as transfer pricing taxation, and events such as earthquakes and other natural disasters in these countries or regions could affect our Group's business strategy and operating results.」
The risks associated with overseas operations, including changes in regional economic, political and social conditions, international tax issues and natural disasters, have been described without change. - FY2017-Q2RestatedAnnual report
「Significant changes in economic conditions, political and social systems, international tax issues such as transfer pricing taxation, and events such as earthquakes and other natural disasters in these countries or regions could affect our Group's business strategy and operating results.」
The risks associated with overseas operations, including economic, political and social systems, international taxation and natural disasters, have been reproduced without change from the previous fiscal year. - FY2017-Q1First statedAnnual report
「Significant changes in economic conditions, political and social systems, international tax issues such as transfer pricing taxation, and events such as earthquakes and other natural disasters in these countries or regions could affect our Group's business strategy and operating results.」
The filing lists changes in economic, political and social conditions, international tax issues and natural disasters as risks associated with overseas operations.