Impact on business from rising labour costs and policy changes in China
First written in FY2017. 12 of 14 entries say "Restated". Latest entry: FY2024-Q3.
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- FY2024-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There have also been no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It was stated that there had been no material change in the existing risks, including the business impact of rising labour costs and policy changes in China. - FY2023RestatedAnnual report
「In China's growing economy, there are concerns that production costs may rise due to higher labour costs and other factors. In addition, business may be affected by policy changes, such as revisions to preferential tax treatment for foreign-owned companies and tighter environmental regulations.」
The risks of rising labour costs, higher production costs, revisions to preferential tax treatment and tighter environmental regulations in China continued to be disclosed, while efficient operations and the development of sales and procurement channels were identified as countermeasures. - FY2022-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There have also been no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It was stated that there had been no material change in the existing risks, including the business impact of rising labour costs and policy changes in China. - FY2022-Q2RestatedAnnual report
「During the second quarter consolidated cumulative period, there were no newly arising business or other risks. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
It was stated that there had been no material change in the existing risks, including the business impact of rising labour costs and policy changes in China. - FY2020WorsenedAnnual report
「In addition, business may be affected by policy changes, such as revisions to preferential tax treatment for foreign-owned companies and tighter environmental regulations.」
In addition to the existing risks of rising labour costs and revisions to preferential tax treatment, tighter environmental regulations were added as a policy-change risk for the China business. - FY2020-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There have also been no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The summary stating that there had been no material change in the risk of business impact from rising labour costs and policy changes in China was continued. - FY2020-Q1RestatedAnnual report
「There were no newly identified business or other risks during the first quarter of the fiscal year. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The summary stating that there had been no material change in the risk of business impact from rising labour costs and policy changes in China was continued. - FY2019RestatedAnnual report
「In China's growing economy, there are concerns that production costs may rise due to higher labour costs and other factors. In addition, business may be affected by policy changes, such as revisions to preferential tax treatment for foreign-owned companies.」
The risks relating to rising labour costs and policy changes in China continued to be disclosed, and the efficient operation of Chinese subsidiaries and the development of sales and procurement channels were identified as countermeasures. - FY2019-Q1RestatedAnnual report
「During the cumulative first quarter and as of the filing date of this quarterly securities report, matters requiring addition to the "Business and Other Risks" section stated in the securities report for the previous fiscal year had arisen as follows.」
No material change was indicated in the existing risks relating to rising labour costs and policy changes in China. - FY2018RestatedAnnual report
「In China's growing economy, there are concerns that production costs may rise due to higher labour costs and other factors. In addition, business may be affected by policy changes, such as revisions to preferential tax treatment for foreign-owned companies. Even in this environment, we believe that maintaining and expanding business operations in China, where the automobile industry is developing, will contribute to the Group's business expansion and stronger price competitiveness. We will therefore continue working to operate our Chinese subsidiaries efficiently and develop sales and procurement channels.」
The risks relating to labour costs and policy changes in China continued to be disclosed, while the efficient operation of Chinese subsidiaries and the development of sales and procurement channels were identified as countermeasures. - FY2018-Q3RestatedAnnual report
「No new business or other risks arose during the cumulative third quarter of the current consolidated fiscal year. There have also been no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The risk summary confirmed the continuation of the risk of business impact from rising labour costs and policy changes in China, stating that there had been no new occurrence or material change. - FY2018-Q2RestatedAnnual report
「During the second quarter consolidated cumulative period, there were no newly arising business or other risks. In addition, there were no significant changes to the business and other risks described in the annual securities report for the previous fiscal year.」
The risk summary confirmed the continuation of the risk of business impact from rising labour costs and policy changes in China, stating that there had been no new occurrence or material change. - FY2018-Q1RestatedAnnual report
「There were no newly identified business or other risks during the first quarter of the fiscal year. In addition, there were no material changes to the business and other risks described in the securities report for the previous fiscal year.」
The risk summary confirmed the continuation of the risk of business impact from rising labour costs and policy changes in China, stating that there had been no new occurrence or material change. - FY2017First statedAnnual report
「In China's growing economy, there are concerns that production costs may rise due to higher labour costs and other factors. In addition, business may be affected by policy changes, such as revisions to preferential tax treatment for foreign-owned companies.」
The risks of higher production costs due to rising labour costs in China and policy changes, including revisions to preferential tax treatment for foreign-owned companies, were recorded for the first time.