Legal and Regulatory, Accounting and Tax, and Labor Risks in Overseas Operations
First written in FY2017. 2 of 4 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2022: 45 of 93 companies on the "Worse" side.
49 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「The group has established production and sales sites globally to diversify country risk. However, changes in laws or regulations, epidemics, terrorism, war or social disruption caused by other factors may disrupt the group's business activities and affect its operating performance and financial position.」
The company continues to identify risks associated with overseas operations, including laws and regulations, epidemics, terrorism, war and social disruption. - FY2022WorsenedAnnual report
「The group has established production and sales sites globally to diversify country risk. However, changes in laws or regulations, epidemics, social disruption caused by terrorism, war or other factors may disrupt the group's business activities and affect its operating performance and financial position.」
The company explicitly identifies epidemics, terrorism, war and social disruption, in addition to changes in laws and regulations, as risks to its overseas operations. - FY2021RestatedAnnual report
「The group has established production and sales sites globally to diversify country risk. However, changes in laws or regulations, social disruption caused by terrorism, war or other factors, or heightened geopolitical risks such as deteriorating US-China relations may disrupt the group's business activities and affect its operating performance and financial position.」
The company continues to identify changes in laws and regulations, social disruption and geopolitical risks associated with overseas operations as major risks. - FY2017First statedAnnual report
「In conducting business overseas, the group is subject to various laws and regulations concerning product quality, safety, environmental chemical substances, accounting standards, tax laws and labor matters. If the group or its contractors commit serious violations of laws or regulations, or if existing regulations are amended or new regulations are introduced, the group's operating performance and financial position may be affected by the measures required in response.」
The company explicitly identifies risks related to regulatory changes and violations concerning quality, safety, environmental chemical substances, accounting, taxation and labor matters in its overseas operations.