Compliance with global regulations, CSR requirements and procurement practices
First written in FY2017. 3 of 7 entries say "Worsened", first in FY2019. Latest entry: FY2025.
Sony Group moved to the "Worse" side of this theme in 2019, 7 years before the typical company in this theme (2026).
The whole theme swung hardest in 2024: 1 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Worsened".
- FY2025WorsenedAnnual report
「For example, the introduction of tariffs, export controls and other trade restrictions, and retaliatory measures in the United States and other regions could result in higher tariffs imposed on Sony's products, increased procurement costs for components, or restrictions on or discontinuation of sales of Sony's existing and future products and services to customers, adversely affecting Sony's business performance and financial condition.」
The company reiterated the channels through which tariffs, export controls, and retaliatory measures could increase procurement costs and restrict sales as part of its global regulatory, CSR, and procurement risks. - FY2024WorsenedAnnual report
「Regulatory authorities in Europe, the United States and elsewhere are also advancing legislation and regulation concerning AI. As Sony develops and uses AI, the costs associated with complying with such regulations may increase.」
The company added decarbonization, hazardous substances, AI regulation, and strengthened human rights and supply chain disclosure requirements to its global regulatory and CSR risks. - FY2021MitigatedAnnual report
「Sony subsequently obtained export authorization from the U.S. government and resumed some shipments to the customer, but image sensor sales declined compared with before the export controls took effect.」
Although some shipments resumed under the U.S. export controls, lower sales compared with before the controls and inventory write-downs remain. - FY2021-Q3MitigatedAnnual report
「In the I&SS segment, Sony temporarily suspended shipments of image sensors to certain customers from 15 September 2020 in accordance with export controls announced by the U.S. government on 17 August 2020. Although Sony subsequently resumed some shipments to those customers after obtaining export authorization from the U.S. government, image sensor sales have declined compared with before the export controls took effect.」
After obtaining export authorization from the U.S. government, Sony resumed some shipments to certain customers. However, lower sales compared with before the controls took effect and inventory write-downs remain. - FY2021-Q2MaterialisedAnnual report
「In the I&SS segment, image sensor sales have declined as Sony suspended shipments of image sensors to certain customers on 15 September 2020 in compliance with export restrictions announced by the US government on 17 August 2020. Sony also recognized an impairment loss on image sensor inventory for the customer during the cumulative second quarter of fiscal 2020.」
Global regulatory and trade restriction risks materialized in the form of export controls imposed by the U.S. government, suspension of shipments to certain customers, lower sales, and inventory write-downs. - FY2019WorsenedAnnual report
「For example, the introduction of trade restrictions and retaliatory measures in the United States and other regions could result in higher tariffs imposed on Sony's products, increased procurement costs for components, or restrictions on or discontinuation of sales of Sony's existing and future products and services to customers.」
The company specified the impact of tariffs, procurement costs, and sales restrictions resulting from trade restrictions and retaliatory measures as part of its global regulatory and CSR risks. - FY2017First statedAnnual report
「Because Sony operates globally, it is subject to extensive regulation in the countries where it does business and faces growing consumer interest in corporate social responsibility and procurement practices.」
The company disclosed separately as risks regulations and consumer concerns relating to the environment, human rights, labor practices, personal information, and suppliers' procurement and employment practices.