Risk of business activity restrictions resulting from the political upheaval in Myanmar
First written in FY2021. 3 of 8 entries say "Restated". Latest entry: FY2026.
Kddi moved to the "Worse" side of this theme in 2026.
0 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「We have recognized ¥27,049 million in purchased or originated credit-impaired financial assets, but the assumptions used in measuring these financial assets may have a material effect on their amortized cost if the underlying conditions change.」
In connection with Myanmar's foreign exchange controls and collection restrictions, purchased or originated credit-impaired financial assets increased from ¥19,967 million in the previous fiscal year to ¥27,049 million, and the uncertainty of the measurement assumptions continued to be disclosed. - FY2026-H1MitigatedAnnual report
「Although the regulations place certain restrictions on the use of cash and cash equivalents and other assets, the amendments have no material impact on the condensed interim consolidated financial statements.」
Restrictions on the use of funds due to Myanmar's foreign currency conversion controls remain in place, but the disclosure states that the adoption of the amendments to IAS 21 has no material impact on the condensed interim consolidated financial statements. - FY2025Changes to payment terms for lease receivables from the Myanmar telecommunications business and reclassification as purchased or originated credit-impaired financial assetsAnnual report
「During the consolidated fiscal year, we amended the agreement with MPT concerning operational support for the telecommunications business, resulting in changes to the payment terms for lease receivables from MPT. As a result of the change in payment terms, we derecognized ¥112,211 million in financial assets that were not credit-impaired and recognized ¥19,967 million in purchased or originated credit-impaired financial assets as new financial assets.」
Regarding collection restrictions associated with the political upheaval in Myanmar and foreign exchange controls, payment terms for receivables, including the previous ¥107,413 million loss allowance, were changed, resulting in a change in accounting treatment to derecognize ¥112,211 million in financial assets and recognize ¥19,967 million in purchased or originated credit-impaired financial assets. - FY2024-Q3MaterialisedAnnual report
「KSGM holds lease receivables related to its business activities, and restrictions have been placed on the collection of US dollar-denominated lease receivables due to foreign exchange controls introduced by the Central Bank of Myanmar and the Foreign Exchange Supervisory Committee from April 2022. Depending on future collection status, this may affect our Group's operating performance and other results.」
In addition to the risk of restrictions on business activities related to the political upheaval in Myanmar, we newly disclosed that restrictions on collecting US dollar-denominated lease receivables have actually arisen due to foreign exchange controls. - FY2024-Q1RestatedAnnual report
「We will continue to monitor the local situation closely and work to maintain communications services essential to daily life, while prioritizing the safety of people concerned.」
We continue to monitor the situation in Myanmar following the political upheaval and prioritize safety and the maintenance of communications services. - FY2023-Q2RestatedAnnual report
「In Myanmar (Note 3), even after the political upheaval in February last year, we continue to monitor the local situation closely and work to maintain communications services essential to daily life, while prioritizing the safety of people concerned.」
We continue to monitor the situation in Myanmar following the political upheaval and take steps to ensure safety and maintain communications services. - FY2022-Q1RestatedAnnual report
「In Myanmar, even after the political upheaval in February this year, we have continued working to maintain telecommunications services, an essential social infrastructure for people's daily lives, while prioritizing the safety of stakeholders in accordance with the KDDI Group Human Rights Policy.」
Amid the risk of restrictions on business activities resulting from the political upheaval in Myanmar, we continue to take steps to ensure safety and maintain communications services. - FY2021First statedAnnual report
「Our consolidated subsidiary KDDI Summit Global Myanmar Co., Ltd. operates telecommunications services jointly with Myanmar Posts and Telecommunications, an organization under Myanmar's Ministry of Transport and Communications. If business activities become restricted as a result of the political upheaval that occurred in February 2021, this may affect our Group's operating performance and other results.」
The political upheaval in Myanmar in February 2021 and the resulting possibility of restrictions on the joint telecommunications business and an impact on results were identified as new risks.