Production risk from changes in China's laws and regulations, tax system and minimum wage
First written in FY2017. 17 of 20 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2022: 9 of 14 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Although the products supplied by our Group are also manufactured in Japan, the main production locations are Chinese subsidiaries and contract manufacturers. Changes to laws, tax systems and regulations by the Chinese government, and revisions to minimum wages by local governments, may affect our Group’s financial position and operating results.」
The risks arising from changes in laws and regulations, tax systems, rules and minimum wages continue to be described in the context of dependence on Chinese subsidiaries and contract manufacturers for production. - 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.」
No material changes are considered to have occurred in the previously disclosed risks, including production risks arising from changes in Chinese laws and regulations, tax systems and minimum wages. - FY2023-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.」
No material changes are considered to have occurred in the previously disclosed risks, including production risks arising from changes in Chinese laws and regulations, tax systems and minimum wages. - 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.」
No material changes are considered to have occurred in the previously disclosed risks, including production risks arising from changes in Chinese laws and regulations, tax systems and minimum wages. - FY2023-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.」
No material changes are considered to have occurred in the previously disclosed risks, including production risks arising from changes in Chinese laws and regulations, tax systems and minimum wages. - FY2022-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.」
No material changes are considered to have occurred in the previously disclosed risks, including production risks arising from changes in Chinese laws and regulations, tax systems and minimum wages. - FY2022-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.」
No material changes are considered to have occurred in the previously disclosed risks, including production risks arising from changes in Chinese laws and regulations, tax systems and minimum wages. - FY2021RestatedAnnual report
「The main production locations are Chinese subsidiaries and contract manufacturers. Changes to laws, tax systems and regulations by the Chinese government, and revisions to minimum wages by local governments, may affect our Group’s financial position and operating results.」
The risks arising from changes in laws and regulations, tax systems, rules and minimum wages continue to be described in the context of dependence on Chinese subsidiaries and contract manufacturers for production. - FY2021-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.」
No material changes are considered to have occurred in the previously disclosed risks, including production risks arising from changes in Chinese laws and regulations, tax systems and minimum wages. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the nine months ended 31 December. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes are considered to have occurred in the previously disclosed risks, including production risks arising from changes in Chinese laws and regulations, tax systems and minimum wages. - FY2020-Q2RestatedAnnual report
「No new business or other risks arose during the six months ended 30 September. There were also no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes are considered to have occurred in the previously disclosed risks, including production risks arising from changes in Chinese laws and regulations, tax systems and minimum wages. - FY2020-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.」
No material changes are considered to have occurred in the previously disclosed risks, including production risks arising from changes in Chinese laws and regulations, tax systems and minimum wages. - FY2019-Q3MaterialisedAnnual report
「In terms of profit and loss, we worked to reduce the cost ratio and cut expenses, but rising labor costs and increased social insurance contributions at our manufacturing plant in China, as well as higher tax burdens on imported raw materials associated with general trade, resulted in an operating loss of ¥62 million, compared with operating income of ¥32 million in the same quarter of the previous year.」
The increase in labor costs at the manufacturing plant in China, together with higher social insurance contributions and tax burdens on imported raw materials, actually occurred and is cited as a factor behind the operating loss. - FY2019-Q2MaterialisedAnnual report
「Rising labor costs at Chinese manufacturing plants, higher tax burdens on imported raw materials associated with general trade, and higher manufacturing costs resulting from lower sales resulted in an operating loss of ¥16 million, compared with operating income of ¥33 million in the same quarter of the previous year.」
Rising labor costs at Chinese manufacturing plants and higher tax burdens on imported raw materials associated with general trade actually occurred and are described as factors contributing to the operating loss. - 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.」
No material changes are considered to have occurred in the previously disclosed risks, including production risks arising from changes in Chinese laws and regulations, tax systems and minimum wages. - FY2018RestatedAnnual report
「The main production locations are Chinese subsidiaries and contract manufacturers. Changes to laws, tax systems and regulations by the Chinese government, and revisions to minimum wages by local governments, may affect our Group’s financial position and operating results.」
The risks arising from changes in laws and regulations, tax systems, rules and minimum wages continue to be described in the context of dependence on Chinese subsidiaries and contract manufacturers for production. - FY2018-Q3RestatedAnnual report
「There have been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes are considered to have occurred in the previously disclosed risks, including production risks arising from changes in Chinese laws and regulations, tax systems and minimum wages. - FY2018-Q2RestatedAnnual report
「There have been no material changes to the business and other risks described in the annual securities report for the previous fiscal year.」
No material changes are considered to have occurred in the previously disclosed risks, including production risks arising from changes in Chinese laws and regulations, tax systems and minimum wages. - FY2018-Q1RestatedAnnual report
「There have been no material changes to the business and other risks described in the securities report for the previous fiscal year.」
No material changes are considered to have occurred in the previously disclosed production risk arising from changes in Chinese laws and regulations, tax systems and minimum wages. - FY2017First statedAnnual report
「Although the products supplied by our Group are also manufactured in Japan, the main production locations are Chinese subsidiaries and contract manufacturers. Changes to laws, tax systems and regulations by the Chinese government, and revisions to minimum wages by local governments, may affect our Group’s financial position and operating results.」
The potential impact of changes in Chinese laws and regulations, tax systems, rules and minimum wages is described, given that Chinese subsidiaries and contract manufacturers are the main production locations.