Regulatory, Foreign Exchange, Political and Tax Risks Associated with Overseas Business Expansion
First written in FY2019. 3 of 5 entries say "Materialised", first in FY2020-Q1. Latest entry: FY2024.
Ryohin Keikaku moved to the "Worse" side of this theme in 2020, 1 year after the typical company in this theme (2019).
The whole theme swung hardest in 2025: 72 of 118 companies on the "Worse" side.
73 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The overseas businesses are exposed to several risks, including the following: ● Unexpected changes to or tightening of laws and regulations ● Foreign exchange rate fluctuations ● Adverse political or economic factors ● Changes in tax systems or tax rates ● The impact of international tax issues, including transfer pricing regulations ● Social disruption caused by terrorism, war and other factors」
The disclosure continues to cover the risks of regulations, foreign exchange, political and economic factors, taxation and social disruption associated with overseas expansion, as well as monitoring by the Compliance and Risk Management Committee. - FY2021-Q1MaterialisedAnnual report
「In Thailand, the number of customers visiting stores in urban areas declined due to the impact of large-scale anti-government demonstrations, while suburban stores performed well.」
The political and social risks associated with the overseas business materialised in Thailand as a decline in the number of customers visiting stores in urban areas due to anti-government demonstrations. - FY2020MaterialisedAnnual report
「Segment profit decreased as a result of social instability in South Korea and Hong Kong.」
Political and social risks associated with the overseas business materialised during the fiscal year as a decline in segment profit in South Korea and Hong Kong. - FY2020-Q1MaterialisedAnnual report
「Segment profit decreased due to instability and other factors in certain countries and regions of the East Asian business.」
The risks associated with political and economic factors in the overseas business materialised as a decline in segment profit due to instability in certain East Asian regions. - FY2019First statedAnnual report
「The following risks are inherent in these overseas operations: ① unexpected changes to or tightening of laws and regulations ② fluctuations in foreign exchange rates ③ adverse political or economic factors ④ changes in tax systems or tax rates ⑤ the impact of international tax issues, including transfer pricing rules ⑥ social disruption caused by terrorism, war, or other factors」
The various external risks associated with overseas store expansion, product supply and product procurement are systematically listed as business and other risks.