Business Practice and Legal System Risks Associated with Partnerships with Overseas Companies
First written in FY2017. 1 of 3 entries say "Reframed", first in FY2019. Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021MitigatedAnnual report
「When expanding overseas, we first conduct thorough investigations of local political, regulatory and business-practice risks by dispatching group employees to the relevant locations and making regular business trips. In partnering with local companies, we consider various options, including M&A, regarding the most desirable form of partnership before proceeding.」
In response to the business-practice and legal-system risks associated with partnerships with overseas companies, the company specified advance local investigations and comparative consideration of possible partnership structures as preventive measures. - FY2019ReframedAnnual report
「Business partnerships with overseas companies are particularly important to our group's new inbound business for visitors to Japan and its in-destination travel business. While such partnerships may significantly expand the business, differences in business practices and laws may also result in losses, making it necessary to proceed cautiously.」
The scope of the risk associated with partnerships with overseas companies has explicitly expanded from the existing inbound business to the in-destination travel business. - FY2017First statedAnnual report
「Business partnerships with overseas companies are particularly important to our group's new inbound business for visitors to Japan. While such partnerships may significantly expand the business, differences in business practices and laws may also result in losses, making it necessary to proceed cautiously.」
The company identifies partnerships with overseas companies as an important means of expanding its inbound business while disclosing the risk of losses arising from differences in business practices and legal systems.