Country-specific risks associated with overseas operations
First written in FY2017. 5 of 7 entries say "Restated". Latest entry: FY2025.
Kotobukiya moved to the "Worse" side of this theme in 2025, 4 years after the typical company in this theme (2021).
The whole theme swung hardest in 2024: 5 of 8 companies on the "Worse" side.
1 other company's latest entry also says "Materialised".
- FY2025MaterialisedAnnual report
「In North America, the Company actively pursued promotional activities for new products and its EC website in the United States, launched in March 2025, as well as the development of new business partners. However, sales in the region declined from the previous fiscal year, mainly because expected shipments could not be made in the second half due to the impact of U.S. tariff policies.」
Regarding the policy and institutional risks specific to each country associated with overseas operations, US tariff policy actually manifested as shipments falling short of expectations and lower sales in North America. - FY2024RestatedAnnual report
「However, overseas operations are subject not only to foreign exchange risk, but also to risks related to political instability, differences in cultures and customs, country-specific legal and tax systems, and intellectual property, including counterfeit products.」
The company continues to disclose the risks associated with overseas operations, including foreign exchange, political conditions, cultures and customs, legal and tax systems, and counterfeit products. - FY2022RestatedAnnual report
「However, overseas operations are subject to risks related to unstable political conditions, differences in culture and customs, local legal systems, changes in tax systems, and intellectual property, including counterfeit products, in addition to foreign exchange risk.」
The company continues to disclose the risks associated with overseas operations, including foreign exchange, political conditions, cultures and customs, legal systems, taxation systems and counterfeit products. - FY2021RestatedAnnual report
「However, overseas operations are subject to risks related to unstable political conditions, differences in culture and customs, local legal systems, changes in tax systems, and intellectual property, including counterfeit products, in addition to foreign exchange risk.」
The company continues to disclose the risks associated with overseas operations, including foreign exchange, political conditions, cultures and customs, legal systems, taxation systems and counterfeit products. - FY2020RestatedAnnual report
「However, overseas operations are subject to risks related to unstable political conditions, differences in culture and customs, local legal systems, changes in tax systems, and intellectual property, including counterfeit products, in addition to foreign exchange risk.」
The company continues to disclose risks associated with overseas expansion, including foreign exchange, political conditions, culture and customs, legal systems, tax systems and counterfeit products. - FY2018RestatedAnnual report
「However, overseas operations are subject to risks related to unstable political conditions, differences in culture and customs, local legal systems, changes in tax systems, and intellectual property, including counterfeit products, in addition to foreign exchange risk.」
The company reiterates the risks associated with overseas operations, including foreign exchange, political conditions, cultures and customs, legal systems, taxation systems and counterfeit products. - FY2017First statedAnnual report
「Overseas operations are subject not only to foreign exchange risk, but also to risks related to political instability, differences in cultures and customs, country-specific legal systems, tax system changes and intellectual property, including counterfeit products.」
Alongside its policy of expanding overseas operations, the company discloses risks related to political and economic conditions, legal systems, taxation systems and counterfeit products.