Institutional, political and human-resources risks associated with overseas expansion and international operations
First written in FY2016. 4 of 6 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2022: 19 of 41 companies on the "Worse" side.
28 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Our domestic and overseas business activities are subject to risks including adverse political or economic factors, unfavorable treatment arising from inconsistencies in multilateral tax systems and differing interpretations of tax laws, difficulty recruiting and retaining personnel, labor disputes such as strikes, and social disruption caused by terrorism, war and other factors.」
The Group is reiterating the risks associated with its domestic and overseas business activities, including political and economic conditions, taxation, personnel, labor disputes, and terrorism, war and other forms of social disruption. - FY2024RestatedAnnual report
「Our domestic and overseas business activities are subject to risks including adverse political or economic factors, unfavorable treatment arising from inconsistencies in multilateral tax systems and differing interpretations of tax laws, difficulty recruiting and retaining personnel, labor disputes such as strikes, and social disruption caused by terrorism, war and other factors.」
The Group is reiterating the risks associated with its domestic and overseas business activities, including political and economic conditions, taxation, personnel, labor disputes, and terrorism, war and other forms of social disruption. - FY2022WorsenedAnnual report
「Our domestic and overseas business activities are subject to risks including adverse political or economic factors, unfavorable treatment arising from inconsistencies in multilateral tax systems and differing interpretations of tax laws, difficulty recruiting and retaining personnel, labor disputes such as strikes, and social disruption caused by terrorism, war and other factors.」
As risks associated with business activities, including those overseas, the Group explicitly identifies labor disputes such as strikes in addition to the previously identified risks relating to political and economic conditions, taxation, personnel and social disruption. - FY2019RestatedAnnual report
「In addition to Japan, our Group conducts business in the United States, Europe, Australia, Asia and elsewhere. Our domestic and overseas business activities are subject to risks including (1) adverse political or economic factors, (2) unfavorable treatment arising from inconsistencies in multilateral tax systems and differing interpretations of tax laws, (3) difficulty recruiting and retaining personnel, and (4) social disruption caused by terrorism, war and other factors.」
The Group is reiterating the risks associated with its overseas operations, including political and economic conditions, taxation, personnel, and social disruption caused by terrorism, war and other factors. - FY2017RestatedAnnual report
「In addition to Japan, our Group conducts business in the United States, Europe, Australia, Asia and elsewhere. Our domestic and overseas business activities are subject to risks including (1) adverse political or economic factors, (2) unfavorable treatment arising from inconsistencies in multilateral tax systems and differing interpretations of tax laws, (3) difficulty recruiting and retaining personnel, and (4) social disruption caused by terrorism, war and other factors.」
The Group is reiterating the risks associated with its overseas operations, including political and economic conditions, taxation, personnel and social disruption. - FY2016First statedAnnual report
「Expansion into these overseas markets entails risks including ① the enactment or amendment of unexpected laws or regulations, ② adverse political or economic factors, ③ unfavorable treatment arising from inconsistencies in multilateral tax systems and differing interpretations of tax laws, ④ difficulty recruiting and retaining personnel, and ⑤ social disruption caused by terrorism, war, or other factors.」
The Group lists multiple overseas-specific risks associated with operations in the United States, Europe, Australia, Asia, and other regions.