Supply and Operational Risks Associated with Overseas Procurement and Production in Vietnam
First written in FY2018. 4 of 6 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2022: 27 of 56 companies on the "Worse" side.
31 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「In the Group's office supplies and related business, the proportion of sales overseas and procurement of raw materials, products and other items from overseas has increased. As a result, changes in tariff systems, differences in business practices in counterpart countries, the enactment or amendment of unexpected laws and regulations, and changes in economic and social conditions could disrupt stable transactions.」
It continues to identify the risks associated with overseas sales and procurement and production in Vietnam, including changes in systems, regulations and conditions, lower productivity and additional investment. - FY2023RestatedAnnual report
「In the Group's office supplies and related business, the proportion of sales and procurement involving overseas markets has increased. As a result, changes in tariff systems, differences in business practices in counterpart countries, the enactment or amendment of unexpected laws and regulations, and changes in economic and social conditions could disrupt stable transactions. At the Vietnamese production subsidiary, changes in Vietnam's tariff system or its operation, the enactment or amendment of unexpected laws and regulations, and changes in political and economic conditions could reduce productivity and profitability and require additional investment.」
It continues to identify, for overseas sales and procurement and the Vietnamese production subsidiary, the risks of transaction disruptions, lower productivity and profitability, and additional investment resulting from changes in systems, regulations and conditions. - FY2022RestatedAnnual report
「In the Group's office supplies and related business, the proportion of sales and procurement involving overseas markets has increased. As a result, changes in tariff systems, differences in business practices in counterpart countries, the enactment or amendment of unexpected laws and regulations, and changes in economic and social conditions could disrupt stable transactions.」
It continues to identify the risk of disruptions to transactions resulting from systems, business practices, laws and regulations, and changes in economic and social conditions associated with increased reliance on overseas sales and procurement. - FY2021RestatedAnnual report
「In the Group's office supplies and related business, the proportion of sales and procurement involving overseas markets has increased. As a result, changes in tariff systems, differences in business practices in counterpart countries, the enactment or amendment of unexpected laws and regulations, and changes in economic and social conditions could disrupt stable transactions.」
It continues to identify the risks associated with systems, business practices, laws and regulations, and changes in conditions resulting from increased reliance on overseas sales and procurement. - FY2020WorsenedAnnual report
「In addition to the risks associated with overseas sales and procurement and production in Vietnam, the proportion of US dollar-denominated receivables and payables has increased due to expanded transactions overseas and the impact of the accounting system at the Vietnamese production subsidiary. As a result, fluctuations in the dollar-yen exchange rate may affect the Group's operating results and financial condition.」
It explicitly identifies foreign-exchange effects from the increased proportion of US dollar-denominated receivables and payables, in addition to the risks associated with overseas sales and procurement and production in Vietnam. - FY2018First statedAnnual report
「The Group's office supplies and related business has increased its reliance on overseas procurement. As a result, changes in tariff systems, differences in business practices in procurement-source countries, the enactment or amendment of unexpected laws and regulations, and changes in economic and social conditions could disrupt stable procurement and affect the Group's operating results and financial condition. The Group also has a production subsidiary in Vietnam. The operation or amendment of the tariff system in Vietnam, the enactment or amendment of unexpected laws and regulations, and changes in political, economic and social conditions could disrupt production, require additional investment or reduce profitability, potentially affecting the Group's operating results and financial condition.」
It discloses increased reliance on overseas procurement and the Vietnamese production subsidiary, identifying changes in systems and conditions, supply disruptions, additional investment and lower profitability as risks.