Country risk associated with overseas expansion and the Philippines business
First written in FY2019. 4 of 6 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 52 of 104 companies on the "Worse" side.
11 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「To address these risks, the group is working to secure professionals familiar with local laws and systems, cooperate with external specialist organizations, and develop internal control systems, thereby seeking to respond appropriately.」
The company explicitly describes its response to the Australian business's risks relating to laws and business practices, management systems, foreign exchange and the competitive environment through specialist personnel, external organizations and internal controls. - FY2025RestatedAnnual report
「Australia, where consolidated subsidiaries including Launch Group Holdings Pty Ltd operate, is positioned as a market offering significant growth opportunities for the group. However, continuing and expanding operations in the country may complicate the management structure, due in part to requirements to appoint local residents as directors and the existence of distinctive local business practices, potentially affecting management flexibility.」
The company reconfirms the overseas business risks in the Australian business, in addition to the Philippines and other markets, relating to local laws and business practices, management systems and the competitive environment. - FY2023RestatedAnnual report
「The group is expanding its business overseas. In the countries where it operates, unforeseen events may occur, including political instability and deteriorating public security due to terrorism, political upheaval or coups; labor disputes due to employee strikes or boycotts; disruptions to infrastructure such as electricity, water and communications; outbreaks of infectious diseases; unexpected changes to tax systems and foreign exchange-related laws and regulations; and problems in relationships with business partners arising from differences in culture and business practices.」
The company reconfirms the risks relating to political conditions, infrastructure, infectious diseases, laws and regulations, and culture and business practices associated with overseas operations, including Australia in addition to the Philippines. - FY2022RestatedAnnual report
「In the countries where the group operates, unforeseen events may occur, including political instability and deteriorating public security due to terrorism, political upheaval or coups; labor disputes due to employee strikes or boycotts; disruptions to infrastructure such as electricity, water and communications; outbreaks of infectious diseases; unexpected changes to tax systems and foreign exchange-related laws and regulations; and problems in relationships with business partners arising from differences in culture and business practices. These events may affect the group's business results and future business development.」
The company reiterates the risks in overseas operations relating to political conditions, public security, infrastructure, infectious diseases, laws and regulations, and culture and business practices. - FY2021RestatedAnnual report
「In the countries where the group operates, unforeseen events may occur, including political instability and deteriorating public security due to terrorism, political upheaval or coups; labor disputes due to employee strikes or boycotts; disruptions to infrastructure such as electricity, water and communications; outbreaks of infectious diseases; unexpected changes to tax systems and foreign exchange-related laws and regulations; and problems in relationships with business partners arising from differences in culture and business practices. These events may affect the group's business results and future business development.」
The company reiterates the risks in overseas operations relating to political conditions, public security, infrastructure, infectious diseases, laws and regulations, and culture and business practices. - FY2019First statedAnnual report
「In the countries where the group operates, unforeseen events may occur, including political instability and deteriorating public security due to terrorism, political upheaval or coups; labor disputes due to employee strikes or boycotts; disruptions to infrastructure such as electricity, water and communications; outbreaks of infectious diseases; and unexpected changes to tax systems and foreign exchange-related laws and regulations.」
The company identifies uncertainty in overseas operations relating to political conditions, public security, infrastructure, disasters and laws and regulations.