Risks associated with overseas expansion arising from political and economic conditions, laws and regulations, and other factors in Asia
First written in FY2020. 3 of 5 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2022: 38 of 76 companies on the "Worse" side.
38 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「To address growing demand overseas, particularly in East Asia, the group established a subsidiary with a production base in South Korea and is using it as a base for expansion in South Korea and China. Accordingly, changes in the political and economic conditions, laws and regulations, tax systems and other factors in Asian countries and regions, including South Korea and China, or the occurrence of local conflicts, natural disasters, infectious diseases or other events, could affect the financial position and operating results of the group.」
The company continues to identify the risks associated with political and economic conditions, regulations, tax systems, conflicts, natural disasters and infectious diseases arising from its expansion in East Asia through its South Korean subsidiary. - FY2023RestatedAnnual report
「To address growing demand overseas, particularly in East Asia, the group established a subsidiary with a production base in South Korea and is using it as a base for expansion in South Korea and China. Accordingly, changes in the political and economic conditions, laws and regulations, tax systems and other factors in Asian countries and regions, including South Korea and China, or the occurrence of local conflicts, natural disasters, infectious diseases or other events, could affect the financial position and operating results of the group.」
The company continues to identify the risks associated with political and economic conditions, regulations, tax systems, conflicts, natural disasters and infectious diseases arising from its expansion in East Asia through its South Korean subsidiary. - FY2022Specific impacts of conflicts and sanctions on overseas operationsAnnual report
「The company recognizes that, at overseas facilities in this segment, the impact on sales markets of COVID-19, international conflicts and economic sanctions, in addition to fundamental country risks, is particularly significant. If the operating environment in those markets changes materially, the company may record an impairment loss.」
In addition to the previous risks relating to political and economic conditions, regulations and tax systems in South Korea, China and elsewhere, the company states that infectious diseases, international conflicts and economic sanctions have particularly significant impacts on the sales markets of its overseas facilities. - FY2021RestatedAnnual report
「Changes in the political and economic conditions, laws and regulations, tax systems and other factors in Asian countries and regions, including South Korea and China, or the occurrence of local conflicts, natural disasters, infectious diseases or other events, could affect the financial position and operating results of the group.」
The company continues to identify overseas expansion risks relating to political and economic conditions, regulations, tax systems, conflicts, natural disasters and infectious diseases in Asia, including South Korea and China. - FY2020First statedAnnual report
「Accordingly, changes in the political and economic conditions, laws and regulations, tax systems and other factors in Asian countries and regions, including South Korea and China, or the occurrence of local conflicts, natural disasters, infectious diseases or other events, could affect the financial position and operating results of the group.」
In connection with its overseas strategy of expanding into South Korea and China through its South Korean subsidiary, the company has newly disclosed, as a separate performance-related risk, the risks posed by political and economic conditions, laws and regulations, tax systems, conflicts, natural disasters and infectious diseases in Asia.