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Toho (9602) · RiskWorsened

Risks Associated with the Overseas Expansion of Japanese IP

First written in FY2019. 4 of 5 entries say "Worsened", first in FY2022. Latest entry: FY2026.

5entries
8years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2019WorsenedFY2022 – FY20262019: 120192020: 020202021: 020212022: 120222023: 020232024: 120242025: 120252026: 12026
Same theme, other companies

Toho moved to the "Worse" side of this theme in 2022.

0 other companies' latest entry also says "Worsened".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Full recordFilings, disclosures and news, newest first
  1. FY2026WorsenedAnnual report

    「In recent years, the group has also pursued more active international expansion, including strategic investments in companies in the United States and Thailand, the acquisition of a U.S. animation distribution and program sales company as a subsidiary, and the establishment in London in 2025 of a European regional headquarters, following the establishment of headquarters for North America and Asia.」

    Investments in the United States and Thailand, GKIDS becoming a subsidiary and the establishment of a European regional headquarters expanded the scope of international operations and the associated risks.
  2. FY2025WorsenedAnnual report

    「Based on the “TOHO VISION 2032 Toho Group Management Strategy,” the possibility of these risks materializing is expected to continue increasing as our group actively expands its international operations as part of its growth strategy.」

    The scope of overseas business risks expanded through GKIDS becoming a subsidiary, the expansion of overseas offices and overseas investments, and the recognition that risks are increasing continued. At the same time, the group identified the establishment of an internal control framework with TOHO Global as the management oversight company as a response measure.
  3. FY2024WorsenedAnnual report

    「Based on the “TOHO VISION 2032 Toho Group Management Strategy,” the possibility of these risks materializing is considered to be increasing as our group actively expands its international operations as part of its growth strategy.」

    As international expansion grew, the scope of risks expanded to include geopolitics, culture and customs, intellectual property, social media, laws and regulations, foreign exchange, governance of overseas subsidiaries and impairment losses on investments.
  4. FY2022WorsenedAnnual report

    「The possibility of these risks materializing is increasing as our group actively expands its international operations.」

    It was explicitly stated that overseas business risks relating to politics, culture, intellectual property, laws and regulations, foreign exchange and other factors are increasing as international expansion accelerates.
  5. FY2019First statedAnnual report

    「International expansion involves a wide range of risks, including political instability and economic uncertainty; business risks arising from differences in cultures and customs; intellectual property risks; labor-management relations; changes in various legal and regulatory requirements, including trade and taxation regulations; and foreign exchange risk.」

    In line with the policy of accelerating the international expansion of Japanese IP and projects, risks relating to politics, the economy, culture, intellectual property, labor-management relations, laws and regulations, and foreign exchange were newly described separately.
Moved together

"Outlook for Overseas Economies and Risks of Downward Pressure on Economic Activity" moved the same way as this thread, in the same document, in 3 of its 5 moves.

333222★123456
  1. ★This thread
  2. 1Outlook for Overseas Economies and Risks of Downward Pressure on Economic Activity3×
  3. 2Natural Disaster and Accident Risks at Cinemas, Theaters and Commercial Facilities3×
  4. 3Risk of Personal and Confidential Information Leakage3×
  5. 4Business portfolio centered on film, theater and real estate2×
  6. 5Intensifying Competition for Orders and Shortage of Skilled Construction Workers2×
  7. 6Core Strategies for Content, Platforms and Real Estate2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

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Risks Associated with the Overseas Expansion of Japanese IP | TOHO CO.,LTD (9602) | Komori