Country Risk in the Philippines
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2025.
2 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「If political and economic conditions or diplomatic relations change, infrastructure such as electricity, transportation and communications proves vulnerable, personnel expenses rise, or terrorism, war, infectious diseases, major typhoons or other natural disasters occur and disrupt local business activities, the Group’s business and results may be affected.」
Country risk associated with the Philippine subsidiary’s trainer management and system development, together with a policy of strengthening coordination with overseas subsidiaries, continues. - FY2023RestatedAnnual report
「If changes in political and economic conditions or diplomatic relations, disruptions or delays in infrastructure such as electricity, transportation and communications, higher personnel expenses, terrorism, war, infectious diseases or major typhoons and other natural disasters adversely affect local business activities, the Group’s business and results may be affected.」
Country risk associated with the Philippine subsidiary’s trainer management and system development continues. - FY2022First statedAnnual report
「If changes in political and economic conditions or diplomatic relations, disruptions or delays in infrastructure such as electricity, transportation and communications, higher personnel expenses, terrorism, war, infectious diseases or major typhoons and other natural disasters adversely affect local business activities, the Group’s business and results may be affected.」
The risk arises because the Philippine subsidiary manages trainers and undertakes system development.