Uncertainty Surrounding Overseas Business, Primarily in Southeast Asia
First written in FY2016. 3 of 6 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2025: 47 of 94 companies on the "Worse" side.
- FY2024RestatedAnnual report
「The Group’s overseas businesses are conducted around the world, including Asia, where significant market growth is expected. Accordingly, if unforeseen events occur in foreign countries, including political and economic factors, legal and regulatory factors, unfavourable tax factors, and social disruption caused by terrorism or war, they may affect the Group’s overseas operations and performance.」
The Group has reaffirmed the political, economic, legal and regulatory, tax, and social disruption risks associated with its overseas businesses conducted around the world, including Asia. - FY2023RestatedAnnual report
「The Group’s overseas businesses are conducted around the world, including Asia, where significant market growth is expected.」
The Group has reaffirmed the political, economic, legal and regulatory, tax, and social disruption risks associated with conducting overseas business around the world, including Asia. - FY2021WorsenedAnnual report
「The Group’s overseas businesses are conducted around the world, including Asia, where significant market growth is expected.」
The stated scope of the overseas business has expanded from being centred on Asia to covering the world, including Asia, and the related political, economic, legal and regulatory risks have also broadened. - FY2019ReframedAnnual report
「The Group’s overseas businesses are conducted mainly in Asia, where significant market growth is expected. Accordingly, if unforeseen events occur in foreign countries, including political and economic factors, legal and regulatory factors, unfavourable tax factors, and social disruption caused by terrorism or war, they may affect the Group’s overseas operations and performance.」
The description of the main region for the overseas business has been changed from the previous “Southeast Asia” to the broader “Asia.” - FY2017RestatedAnnual report
「The Group’s overseas businesses are conducted mainly in Southeast Asia, a region where significant market growth is expected. Accordingly, if unforeseen events occur in foreign countries, including political and economic factors, legal and regulatory factors, unfavourable tax factors, and social disruption caused by terrorism or war, they may affect the Group’s overseas operations and performance.」
The Group has reiterated, under the same framework, the political, economic, legal and regulatory, tax, and social disruption risks associated with its overseas businesses, mainly in Southeast Asia. - FY2016First statedAnnual report
「The Group’s overseas businesses are conducted mainly in Southeast Asia, a region where significant market growth is expected. Accordingly, if unforeseen events occur in foreign countries, including political and economic factors, legal and regulatory factors, unfavourable tax factors, and social disruption caused by terrorism or war, they may affect the Group’s overseas operations and performance.」
The Group identifies Southeast Asia as a key overseas operating region and political, economic, legal and regulatory, tax, and social disruption risks as risk factors.