Risks from Policy Changes, Legal and Regulatory Revisions, and Economic Fluctuations Associated with Overseas Operations

「The Group is strengthening the management systems and information-gathering capabilities of its overseas subsidiaries to collect information on business conditions and relevant laws and regulations in each country. However, if business activities become restricted due to sudden policy changes, economic fluctuations or other events in countries and regions where the Group operates, the Group's financial condition and operating results could be affected.」

「The Group is actively expanding overseas, primarily in North America, Europe and Asia, to respond to the increasingly sophisticated and diverse needs of customers worldwide and expand its business. In some countries, in addition to risks related to economic and market conditions, political changes and unforeseeable amendments to laws and regulations may occur. Accordingly, the Group is strengthening the management systems and information-gathering capabilities of its overseas subsidiaries to collect information on business conditions and relevant laws and regulations in each country. However, if business activities become restricted due to sudden policy changes, economic fluctuations or other events in countries and regions where the Group operates, the Group's financial condition and operating results could be affected.」