Legal, Regulatory, Political and Economic Risks Associated with Overseas Expansion
First written in FY2016. 6 of 10 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2025: 47 of 94 companies on the "Worse" side.
- FY2025RestatedAnnual report
「However, if the Group faces risks such as unexpected changes in laws and regulations concerning import and export controls, investment restrictions, restrictions on remitting earnings to the home country and transfer pricing taxation due to political and economic factors in individual countries, this could affect the Group's operating results and financial condition.」
The Company continues to recognize legal and regulatory risks associated with overseas expansion, including import and export controls, investment restrictions, remittance restrictions and transfer pricing taxation. - FY2023RestatedAnnual report
「However, if the Group faces risks such as unexpected changes in laws and regulations concerning import and export controls, investment restrictions, restrictions on remitting earnings to the home country and transfer pricing taxation due to political and economic factors in individual countries, this could affect the Group's operating results and financial condition.」
The Company continues to recognize legal, regulatory and political and economic risks associated with expanding overseas sales in East Asia. - FY2023-Q3MitigatedAnnual report
「In China, restrictions on movement under the "zero-COVID policy" have been lifted and economic activity is gradually picking up, while disruptions in marine transport and semiconductor shortages are also moving toward resolution.」
The Company states that restrictions on movement under China's zero-COVID policy have been lifted, economic activity is picking up, and disruptions in marine transport and semiconductor shortages are moving toward resolution. - FY2023-Q2MaterialisedAnnual report
「In overseas markets, progress on projects for facilities at our consolidated subsidiary 富若慈（上海）貿易有限公司 was delayed due in part to mobility restrictions under China's "zero-COVID policy." As a result, sales in that market for the cumulative second quarter decreased 26.7% year on year to ¥56 million.」
Changes in the policy and regulatory environment overseas materialized as actual business impacts in the form of delays in projects for facilities and a decline in overseas sales. - FY2022-Q2RestatedAnnual report
「In overseas markets, although we won a senior-care facility project in South Korea, demand at our consolidated subsidiary 富若慈（上海）貿易有限公司 declined due to a change in the eligibility criteria for the care-rental market, causing the subsidiary's performance to decline. As a result, overseas-market sales for the cumulative second quarter decreased 1.0% year on year to ¥76 million.」
The decline in demand caused by changes in eligibility criteria for nursing-care rentals overseas and the deterioration in the Shanghai subsidiary's operating results continue to be disclosed, indicating that the impact of institutional and regulatory changes associated with overseas expansion persists. - FY2022-Q1MaterialisedAnnual report
「In overseas markets, demand for the care-rental market fell sharply at our consolidated subsidiary 富若慈（上海）貿易有限公司 due to a change in the eligibility criteria, causing the subsidiary's performance to decline. However, we won a senior-care facility project in South Korea, resulting in overseas-market sales for the cumulative first quarter increasing 13.4% year on year to ¥33 million.」
The Company stated that changes in eligibility criteria for nursing-care rentals overseas led to a sharp decline in demand and lower operating results at its Shanghai subsidiary, demonstrating that the risks of institutional and regulatory changes associated with overseas expansion had materialized as actual business impacts. - FY2019RestatedAnnual report
「However, if the Group faces risks such as unexpected changes in laws and regulations concerning import and export controls, investment restrictions, restrictions on remitting earnings to the home country and transfer pricing taxation due to political and economic factors in individual countries, this could affect the Group's operating results and financial condition.」
The Company continues to recognize legal, regulatory and political and economic risks in individual countries associated with expanding overseas sales. - FY2018RestatedAnnual report
「However, if the Group faces risks such as unexpected changes in laws and regulations concerning import and export controls, investment restrictions, restrictions on remitting earnings to the home country and transfer pricing taxation due to political and economic factors in individual countries, this could affect the Group's operating results and financial condition.」
The Company continues to recognize legal, regulatory and political and economic risks in individual countries associated with expanding overseas sales. - FY2017RestatedAnnual report
「However, if the Group faces risks such as unexpected changes in laws and regulations concerning import and export controls, investment restrictions, restrictions on remitting earnings to the home country and transfer pricing taxation due to political and economic factors in individual countries, this could affect the Group's operating results and financial condition.」
The Company continues to recognize legal, regulatory and political and economic risks associated with expansion in East Asia, centered on China. - FY2016First statedAnnual report
「However, if the Group faces risks such as unexpected changes in laws and regulations concerning import and export controls, investment restrictions, restrictions on remitting earnings to the home country and transfer pricing taxation due to political and economic factors in individual countries, this could affect the Group's operating results and financial condition.」
Institutional and regulatory risks associated with expanding sales in China and East Asia.