Country Risk in Overseas Expansion Destinations
First written in FY2017. 3 of 6 entries say "Reframed", first in FY2020. Latest entry: FY2026.
Zensho Holdings moved to the "Worse" side of this theme in 2020, 2 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 54 of 109 companies on the "Worse" side.
59 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「We seek to collect information on unpredictable risks of change, including war, political conditions, the economy, laws and regulations, and natural disasters, as well as country risks related to business practices and other factors in the countries where our overseas subsidiaries operate. Although we have established a system for taking early action when these risks materialize, our Group may be adversely affected in terms of business performance and financial position.」
Risks of change, including war, political conditions, the economy, laws and regulations, and natural disasters, in the countries where the company operates overseas, together with information gathering and a system for early response, continue to be disclosed. - FY2023ReframedAnnual report
「We seek to collect information on unpredictable risks of change, including war, political conditions, the economy, laws and regulations, and natural disasters, as well as country risks related to business practices and other factors in the countries where our overseas subsidiaries operate. Although we have established a system for taking early action when these risks materialize, our Group may be adversely affected in terms of business performance and financial position.」
For overseas expansion risks, the company continues to explicitly disclose factors of change such as war and natural disasters, together with information gathering and a system for early response. - FY2022ReframedAnnual report
「We seek to collect information on unpredictable risks of change, including war, political conditions, the economy, laws and regulations, and natural disasters, as well as country risks related to business practices and other factors in the countries where our overseas subsidiaries operate. Although we have established a system for taking early action when these risks materialize, our company and Group may be adversely affected in terms of business performance and financial position.」
The company adds war and natural disasters to the factors underlying overseas country risks and explicitly describes information gathering and a system for early response. - FY2020ReframedAnnual report
「Expanding into overseas markets, including China, the Americas and Southeast Asia, is one of our Group's strategies. Our overseas subsidiaries operate directly managed stores, develop franchise operations, and manufacture, process and sell food products.」
The company specifically identifies the target overseas regions and its business formats: directly managed operations, franchising, and the manufacture, processing and sale of food products. - FY2018RestatedAnnual report
「Our company and Group may be adversely affected in terms of business performance and financial position by country-specific risks in the countries where our overseas subsidiaries operate, including political conditions, the economy, laws and regulations, and business practices.」
Country risks related to political conditions, the economy, laws and regulations, and business practices in the countries where the company operates overseas continue to be disclosed. - FY2017First statedAnnual report
「Our company and Group may be adversely affected in terms of business performance and financial position by country-specific risks in the countries where our overseas subsidiaries operate, including political conditions, the economy, laws and regulations, and business practices.」
The company explicitly identifies political conditions, the economy, laws and regulations, and business practices in the countries where its overseas subsidiaries operate as risks specific to its overseas business.