Risk of Changes in Laws and Regulations, Human Resources and the Social Environment in China
First written in FY2016. 3 of 6 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2018: 3 of 9 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The following risks are inherent in business activities in China: ① Unexpected changes in laws or regulations ② Difficulty recruiting and retaining personnel ③ Labor disputes, including strikes ④ Social, political or economic disruption caused by terrorism, war or other factors ⑤ Environmental problems, including water shortages」
The Group continues to list laws and regulations, personnel, labor disputes, social, political and economic disruption, and water shortages as risks related to the China business. - FY2021Expansion of the scope of risks related to the China businessAnnual report
「The following risks are inherent in business activities in China: ① Unexpected changes in laws or regulations ② Difficulty recruiting and retaining personnel ③ Labor disputes, including strikes ④ Social, political or economic disruption caused by terrorism, war or other factors ⑤ Environmental problems, including water shortages」
In addition to the previously identified changes in the political and legal systems, economy, employment and social environment, the Group explicitly identified securing personnel, labor disputes, disruption and environmental problems such as water shortages as risks specific to the China business. - FY2019RestatedAnnual report
「Unexpected events, including changes in the political or legal environment, economic conditions, the employment environment, anti-Japanese sentiment and other aspects of the social environment in China, may cause major problems for production and sales activities and adversely affect the Group's operating performance and financial condition.」
Changes in China's political and legal systems, economy, employment and social environment continue to be identified as risks. - FY2018-Q3MaterialisedAnnual report
「To commence this business, various permits and approvals required under China's laws and regulations must be obtained. Cup-style vending machine beverages are a new industry in China, and obtaining the necessary permits and approvals has taken longer than initially expected. Sales activities in China will begin in earnest after the necessary permits and approvals have been obtained.」
Risks related to China's laws, regulations, permits and approvals have materialized in the cup-style vending machine business as an actual delay, with the time required to obtain permits and approvals exceeding expectations. - FY2017RestatedAnnual report
「Unexpected events, including changes in the political or legal environment, economic conditions, the employment environment, anti-Japanese sentiment and other aspects of the social environment in China, may cause major problems for production and sales activities and adversely affect the Group's operating performance and financial condition.」
Changes in the political and legal systems, economy, employment and social environment surrounding the Chinese subsidiary continue to be identified as risks. - FY2016First statedAnnual report
「Unexpected events, including changes in the political or legal environment, economic conditions, the employment environment, anti-Japanese sentiment and other aspects of the social environment in China, may cause major problems for production and sales activities and adversely affect the Group's operating performance and financial condition.」
Changes in the political, legal, economic, employment and social environments are identified as risks to the continued operation of the Chinese subsidiary.