Country Risks in the Overseas Business
First written in FY2021. 2 of 3 entries say "Mitigated", first in FY2023. Latest entry: FY2026.
1 other company's latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「Particularly in Vietnam, where the business is expanding, we work closely with Aureole Expert Integrators Inc., our local subsidiary responsible for legal affairs, labor management and internal controls at our Vietnamese subsidiaries, to ensure compliance and address tax and legal matters and the establishment or revision of internal regulations. If a risk requiring action at a Vietnamese subsidiary materializes, we will establish a response headquarters in Japan and exercise responsible oversight, while Aureole Expert Integrators Inc. will lead the response in Vietnam, ensuring a smooth and effective response structure.」
The company continues to develop and implement its response to country risks in Vietnam through coordination with the local management company, a response headquarters in Japan and a local response structure. - FY2023MitigatedAnnual report
「Particularly in Vietnam, we work closely with Aureole Expert Integrators Inc., our local subsidiary responsible for legal affairs and labor management at our Vietnamese subsidiaries, to address tax and legal matters and establish or revise internal regulations. If a risk requiring action at a Vietnamese subsidiary materializes, we will establish a response headquarters in Japan, while Aureole Expert Integrators Inc. will lead the response in Vietnam, under the system we have established.」
The company has established specific response structures for country risks in its overseas operations, including coordination with local management companies and response headquarters in both Japan and Vietnam. - FY2021First statedAnnual report
「The group's financial condition and business performance could be significantly affected in the future by material changes in the business environment, including political instability caused by terrorism or conflict, economic fluctuations, sharp exchange-rate movements, changes in legal systems, labor shortages and other country risks.」
The company identified changes in political conditions, the economy, foreign exchange, legal systems and labor availability as country risks affecting its overseas operations, including in Vietnam.