Country, Foreign-Exchange and Talent-Related Risks Associated with Overseas Business Expansion
First written in FY2017. 2 of 8 entries say "Materialised", first in FY2022-Q2. Latest entry: FY2026.
Daiichi Life Group moved to the "Worse" side of this theme in 2021, 2 years before the typical company in this theme (2023).
The whole theme swung hardest in 2024: 6 of 10 companies on the "Worse" side.
0 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Through the partnership, including an investment in the company, we entered the UK and European insurance markets for the first time. While proceeding with the acquisition of approximately 15% of the company’s shares, we worked to create business opportunities through collaboration in expanding sales channels, product development and asset management.」
The regional expansion of the overseas business broadened from selective divestment, including the sale of the Thailand business, to the first entry into the UK and European markets through a partnership with M&G and an investment of approximately 15%. - FY2026-H1Portfolio Restructuring Through the Sale of the Thailand BusinessAnnual report
「We sold the Thailand business because, in addition to the difficulty of achieving substantial market expansion amid population decline and a falling birth rate and aging population throughout Thailand since the impact of COVID-19, its relative priority compared with other regions had declined.」
Regarding country and market growth risks associated with overseas business expansion, the company sold all shares of OCEAN LIFE due to Thailand’s population decline, falling birth rate and aging population, and the difficulty of expecting market expansion. - FY2024MaterialisedAnnual report
「In Vietnam, industry-wide sales declined sharply due mainly to the lower sales momentum through the bancassurance channel. As a result, Dai-ichi Life Insurance Company of Vietnam, Limited recorded declines in revenue and profit.」
The country and channel risks associated with overseas business expansion materialized as lower bancassurance sales in Vietnam and declines in revenue and profit. The disclosure also explains that the company increased its sales share and maintained and expanded its position as a leading industry player. - FY2023-Q2WorsenedAnnual report
「In October 2022, the FATF (Note 7) designated Myanmar as a high-risk country or territory subject to a call for action, commonly known as the “blacklist,” and requested FATF member countries, including Japan, to apply enhanced customer due diligence. As stricter verification procedures at financial institutions may delay the execution of financial transactions, particularly those involving Myanmar, we will continue to monitor developments closely.」
The overseas business risks expanded to include the risk of enhanced customer due diligence and delays in financial transactions following the FATF’s blacklisting of Myanmar. - FY2022WorsenedAnnual report
「As various risks associated with overseas business expansion materialized, making it possible that the planned business development could not be carried out, we took measures in Myanmar including suspending or limiting business activities in light of the domestic situation since February 2021.」
The annual report explicitly stated that, as an overseas business risk, business activities in Myanmar had been suspended or limited due to the political situation, infectious diseases and other factors. - FY2022-Q3RestatedAnnual report
「In Myanmar, local business activities are limited as of the filing date in light of the domestic situation since February 2021. We will continue to monitor developments closely while making the safety of our employees our top priority.」
In response to the domestic situation in Myanmar, the disclosure continues to state that local business activities are limited and that measures prioritizing employee safety are being maintained. - FY2022-Q2MaterialisedAnnual report
「In Myanmar, business activities locally are limited as of the filing date due to the disruption of the domestic situation since February 2021 and the spread of COVID-19 during the current fiscal year. We will continue to monitor developments closely while making the safety of our employees our top priority.」
The political and infectious disease risks assumed as overseas business risks materialized in Myanmar, where local business activities were limited as of the filing date. - FY2017First statedAnnual report
「Our Group intends to continue expanding its overseas business and increasing the proportion of revenue generated overseas, but the expansion of our overseas business is not guaranteed to succeed due to the various risks associated with such business development.」
The disclosure presented the policy of increasing the proportion of overseas revenue together with risks related to foreign exchange, tax systems, regulations, market understanding, human capital, competition, withdrawal and impairment.