Legal and regulatory, political and disaster risks associated with global business operations
First written in FY2018. 1 of 3 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2022: 37 of 74 companies on the "Worse" side.
37 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Although COVID-19 had entered a phase of the “new normal” involving prolonged transmission, a recurrence of explosive spread or an outbreak of another infectious disease could result in the loss of valuable personnel involved in the business, including personnel with advanced specialized knowledge and extensive experience, causing business suspension or opportunity losses due to an interruption of operations.」
The loss of specialized personnel, business suspension and restrictions on economic and social activity resulting from infectious disease outbreaks continued to be disclosed as risks to the Group’s global operations. - FY2022Infectious disease risk specified in greater detailAnnual report
「If an outbreak of an infectious disease such as COVID-19 results in the loss of valuable personnel involved in the business, including personnel with advanced specialized knowledge and extensive experience, the business may be forced to suspend operations or incur opportunity losses due to a temporary interruption of operations.」
For the infectious disease risk associated with the Group’s global operations, the potential impacts of losing specialized personnel, suspending operations and restricting economic activity were separately specified in greater detail. - FY2018First statedAnnual report
「If any of the following risks associated with the globalization of the business materialize, they may affect the Group’s business and performance.」
International agreements, tariffs and laws and regulations; anti-corruption measures and tax laws; government regulations; political instability; terrorism; infectious diseases; natural disasters; pests and diseases; and labor issues arising from cultural differences were listed.